INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Israel to start direct flights to Egypt’s Sharm el-Sheikh in April

Prime Minister Naftali Bennett. AFP
  • The new air link had been discussed in September between Israeli PM Naftali Bennet and Egyptian President Abdel Fattah al-Sisi during Bennet's visit to Egypt last year.
  • Bennett said Israel was "opening up to the countries of the region and the basis for this longstanding recognition is the peace between Israel and Egypt".

Israel is to launch direct flights to Sharm el-Sheikh on Egypt’s Red Sea coast next month, in an expansion of air links between the two countries, officials said Wednesday.

“The route from Ben Gurion International Airport to Sharm el-Sheikh will open soon. Flights are expected to begin during the intermediate days of Passover next month,” a statement from the Israeli prime minister’s office said.

Prime Minister Naftali Bennett said: “This agreement will bring Israel and Egypt closer together.”

The statement said the new air link had been discussed in September talks between Bennett and President Abdel Fattah al-Sisi on the first visit to Egypt by an Israeli premier in a decade.

It was finalized during a visit by a delegation from Israel’s Shin Bet domestic security agency over the past few days.

Bennett said Israel was “opening up to the countries of the region and the basis for this longstanding recognition is the peace between Israel and Egypt”.

Direct flights already link Cairo with Ben Gurion airport, near Tel Aviv.

Until 2020, Egypt and Jordan were the only Arab governments to have normalized relations with Israel.

That year, they were joined by Bahrain, Morocco and the United Arab Emirates, which all now operate direct flights to the Jewish state.

The normalization agreements, brokered by the administration of then US president Donald Trump, broke with decades of Arab consensus and were condemned as “treason” by the Palestinians.