Page 11 - Egypt

Egypt to raise Suez Canal transit fees for ships in 2023: Authority

Egypt said on Saturday that it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal, one of the world's most crucial waterways. The Suez Canal Authority said in a statement on Saturday that it will add 15% to the fees for tankers carrying oil and petroleum products, and 10% for dry bulk carriers and cruise ships. The authority's chief, Osama Rabie, said the hikes, which will take effect on Jan. 1, are inevitable and a necessity. He blamed booming global inflation rates, which have increased the cost of the waterway's operations, maintenance, and maritime services. About 10% of global trade, including 7% of the world's oil, flows through the Suez Canal, a major source of foreign currency to Egypt, the most Arab populous country with over 103 million people. Egypt has faced towering economic challenges and is running low on foreign currency needed to buy essentials such as grain and fuel. Authorities said 20,649 vessels passed through the c

Egypt, Qatar sign 3 MoUs in Doha to boost cooperation: Egyptian presidency

Egypt and Qatar signed three memoranda of understanding (MoUs) in Doha, the Egyptian presidency said in a statement.

Egypt's President al-Sisi heads to Qatar for 1st visit after 4-yr row

Egyptian President Abdel-Fattah al-Sisi headed to Doha, the capital of Qatar, for a two-day visit, the first-of-its-kind in four years

Egypt severely affected by climate change, says minister ahead of COP27

Egyptian Minister of Water Resources and Irrigation Hani Suweilam said on Sunday that Egypt is one of the world's most affected countries by climate change, a news website reported

Bailout euphoria by IMF signals peak of pessimism in emerging markets

The IMF has been sewing up or inching toward loan agreements with some of the most vulnerable nations -- namely Pakistan, Sri Lanka, Zambia, Egypt and Chile -- after months of negotiations

Egypt's president meets Saudi FM to discuss bilateral ties, regional issues

For his part, the Saudi Foreign Minister highlighted the kingdom's commitment to strengthening "the strategic cooperation" with Egypt at various levels

Egypt, US, Spain hold joint maritime exercise in Mediterranean Sea

The Egyptian, US and Spanish navies held a joint maritime exercise within the range of Egypt's Northern Fleet in the Mediterranean Sea, said the Egyptian military on Saturday.

Egypt's deal to buy Indian wheat at $400 per tonne stands, says minister

Egypt contracted to buy the 180,000 tonnes of wheat from India in June.

Egypt, UAE leaders champion Arab unity to cope with regional challenges

They called for coordinated efforts to find long-term solutions to regional crises in order to bring about security, stability and peace for the region and its people

Need to fix the concept of food subsidies to tackle world hunger crisis

Subsidizing food is largely not an activity that involves the world's poorest people who are most at risk of hunger, but its richest and most amply-fed

Egypt: Fire at Coptic church in Cairo kills at least 41 people, hurts 14

The Church, citing health officials for the casualty toll, said the blaze ripped through the Abu Sefein church in densely populated neighbourhood of Imbaba

Cease-fire between Palestinians, Israel takes effect in Gaza after 3 days

A cease-fire between Israel and Palestinian militants took effect on Sunday night in a bid to end nearly three days of violence that has killed dozens of Palestinians

Russian FM visits Egypt in first African tour since Ukrainian conflict

Egyptian President Abdel-Fattah al-Sisi held talks with visiting Russian Foreign Minister Sergei Lavrov in Cairo, where they discussed bilateral relations, regional and global issues of mutual concern

Biden, Egypt's al-Sisi discuss cooperation, global supplies of food, energy

Egyptian President Abdel-Fattah al-Sisi and US President Joe Biden discussed cooperation between the two countries, the repercussions of the global food crisis, and the disruption of energy supplies

World Bank agrees on $500-mn aid to help Egypt fund wheat purchases

Egypt will receive a USD 500 million loan from the World Bank to help finance its wheat purchases as prices skyrocket because of the Russian invasion of Ukraine, the Bank said on Wednesday. The funds, approved on Tuesday by the World Bank Board of Executive Directors, aim at supporting Egypt's efforts to provide subsidized bread to poor and vulnerable households, it said. It said the funds will help the government of the Arab world's most populous country finance procurement of imported wheat. This emergency operation comes at a very critical juncture when the food security of many countries is threatened by the war in Ukraine, said Marina Wes, World Bank Country Director for Egypt Yemen, and Djibouti. Egypt is the world's largest wheat importer, and the country's supply is subject to price changes on the international market. The war in Europe has already hiked prices of the grain since both Russia and Ukraine export nearly a third of the world's wheat. Around 70 million Egyptian

EU signs energy deal with Egypt and Israel to wean itself off Russian gas

EU signed in Cairo last Wednesday a Memorandum of Understanding (MoU) with Egypt and Israel, aimed at using the energy potential

Egypt rejects ship carrying Indian wheat originally intended for Turkey

'We rejected the ship before it entered Egypt,' says Egyptian plant quarantine chief Ahmed El Attar

Egypt displays trove of newly discovered ancient artefacts at Saqqara

The artefacts were showcased at a makeshift exhibit at the feet of the Step Pyramid of Djoser in Saqqara, 24 km southwest of the capital

Jordan, UAE, Egypt launch industrial partnership for $10 bn projects

The partnership, which seeks to boost industrial cooperation between the three countries, aims at implementing joint investments and projects to foster mutual and strategic interests

WEF 2022: Egypt promises to push pledges, facilitate talks as COP27 host

The president of the next UN climate change conference in Egypt says the event will push countries to make good on their pledges to sharply reduce greenhouse gas emissions