Egypt's Suez Canal offers 15% rebate for container ships of 130,000 tons or more
CAIRO, May 13 (Reuters) - Egypt's Suez Canal will offer a 15% rebate for container ships with net tonnage of 130,000 metric tons or more, in light of the positive security developments in the Red Sea and Bab Al-Mandab Strait, the Suez Canal authority said on Tuesday.
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The Sun
4 hours ago
- The Sun
TUI reintroduces flights to forgotten holiday destination that was huge with Brits in the Noughties
TUI is heading to sunny Sharm El Sheikh for the summer of 2026. Brits will be able to hop on flights to the Egyptian city offers beautiful beach resorts, high temperatures and year-round sunshine. 5 5 TUI has announced it's reintroducing direct flights from East Midlands Airport to Sharm El Sheikh next year. The first flight is scheduled for Thursday, 26 March 2026 and the service will operate twice-weekly on Mondays and Thursdays - flight time will be five and a half hours. TUI UK&I Commercial Director Chris Logan said: "Due to strong customer demand, we are thrilled to once again connect the East Midlands with the stunning Red Sea resort of Sharm El Sheikh. "With hundreds of amazing hotels to choose from and guaranteed sunshine, Sharm El Sheikh is the perfect destination for a summer holiday. "We have plenty of amazing all-inclusive deals with flexible flying options, and some of the best splash parks to entertain the kids'. During the summer months, temperatures in Sharm el Sheikh sit between 35 and 38C. Sharm el Sheikh is also a popular winter sun destination because its average temperature is 24C which is around 17C warmer than the UK for that time of year. It's not just flights, TUI also offers all-inclusive holiday packages to the resort. TUI offers a four-night holiday to Sharm El Sheikh, Egypt staying at the 4T+ Rixos Sharm El Sheikh. An all-inclusive basis starts from £1237 per person. A bucket-list river cruise through Egyptian waterways with TUI 5 5 TUI offers a seven-night holiday to Sharm El Sheikh, Egypt staying at the 5T TUI BLUE Sensatori Coral Sea. An all-inclusive basis here start from £1349 per person - which works out at £192.70 pp per night. Both are based on two adults sharing a room with flights leaving in summer 2026. Sharm el Sheikh in Egypt was once one of the most popular holiday destinations for Brits, particularly through the 1990s. It remained popular until 2015, when a terror attack on a Russian passenger plane killed all 224 onboard. Flights from the UK were stopped for four years, with TUI reintroducing holiday packages in 2019. This was following the UK Foreign Office issuing new guidance which said Sharm el-Sheikh was considered safe after the airport security was overhauled and updated. However, just a few months later Covid hit, meaning the holiday resort once again saw tourist levels drop. TUI reintroduced the route again in summer 2022, and summer 2023 due to the rise in popular demand. In recent years, Egypt has been named the 'best value for money' destination, according to the Post Office Travel Money analysis. On average, meals and drinks are significantly cheaper than in the UK. One Travel Writer stayed at the Egypt resort with the country's largest water park.
Daily Mail
8 hours ago
- Daily Mail
TUI set to launch direct flights to bargain beach destination where it's sunny all year round
TUI has announced that it is set to relaunch direct flights from East Midlands Airport to a leading African beach destination. The carrier will offer flights to Sharm El Sheikh on Mondays and Thursdays from March 2026. The direct route to Egypt from the East Midlands was last offered in 2023 but will be brought back due to 'strong customer demand'. TUI's UK and Ireland commercial director Chris Logan, said: 'Due to strong customer demand, we are thrilled to once again connect the East Midlands with the stunning Red Sea resort of Sharm El Sheikh. 'With hundreds of amazing hotels to choose from and guaranteed sunshine, Sharm El Sheikh is the perfect destination for a summer holiday. 'We have plenty of amazing all-inclusive deals with flexible flying options, and some of the best splash parks to entertain the kids.' Sharm El Sheikh is one of Egypt's best-loved holiday destinations, famed for its expansive sandy beaches. With 35km of Red Sea shoreline, tourists are sure to find a favourite beach along the coast. The direct route to Egypt from the East Midlands was last offered in 2023 but will be brought back due to 'strong customer demand' It's also one of the world's leading destinations for scuba diving with more than 250 coral reefs to explore. Scuba divers will be in with a chance of spotting parrotfish, tuna, hammerhead sharks and dolphins. Away from the beach, tourists can head on a Sinai desert safari by jeep, quad bike or camel to explore some of the area's unique landscapes. It's also a haven for shopping with the Old Market the ideal place to pick up spices, perfume or clothes. After dark, Sharm El Sheikh has a busy nightlife scene with live music, clubs and cocktail bars. The Egyptian resort is a year-round destination with temperatures averaging 37 degrees in June and remaining at 22 degrees in January. It's considered an affordable destination with the price of a domestic beer just £2.23 while a meal at an inexpensive restaurant costs under £6 according to Numbeo. Due to its coastal location, seafood is particularly tasty in Sharm El Sheikh but the region also has a reputation for grilled meats. Steve Griffiths, the managing director of East Midlands Airport, said: 'We're always pleased to be able to offer our customers a greater choice of destinations, so we're delighted that TUI is resuming flights to Sharm El Sheikh which is growing in popularity. 'Customers can expect an effortless and enjoyable start to their trip in Egypt at East Midlands Airport.' The news comes as TUI also launched new flights from Southampton Airport to Palma in Majorca. The first of the company's flights took off on May 27 with the service set to operate through the summer until September.
Reuters
11 hours ago
- Reuters
Egypt's headline inflation jumps to 16.8% in May, CAPMAS says
DUBAI, June 4 (Reuters) - Egypt's annual urban consumer price inflation jumped to 16.8% in May from 13.9% in April, data from statistics agency CAPMAS showed on Wednesday. The rise in headline inflation surpassed Reuters' median forecast of 12 analysts of a rise to 14.9%, driven mainly by an unfavourable base effect. Annual inflation has plunged from a record high of 38% in September 2023, helped by an $8 billion financial support package signed with the IMF in March 2024. The fall in inflation led the Central Bank of Egypt to cut its overnight lending rate by 225 basis points to 26.0% at its April 17 meeting, and by another 100 basis points on May 22.
