Egypt

27 Sep 2022; MEMO: Egypt yesterday condemned "repeated violations" committed by right-wing Israelis against Jerusalem's Al-Aqsa Mosque.

In the statement, which was issued by the Ministry of Foreign Affairs, Egypt said that the Israeli raids "are being carried out with the support and protection of the Israeli occupation police."

27 Sep 2022; MEMO: Over 100 political parties, organisations, groups and youth initiatives around the world yesterday called on the Arab League to hold an emergency meeting to discuss the escalating Israeli aggression on Al-Aqsa Mosque.

In a statement the bodies condemned Israeli settler raids of Al-Aqsa Mosque which have escalated in the run up to the Jewish holidays.

25 Sep 2022; MEMO: Egypt has announced plans to host the 2036 Summer Olympics said Sports Minister Ashraf Soby yesterday during a reception in Cairo for International Olympic Committee (IOC) President Thomas Bach.

"President Abdel Fattah el-Sissi has given his permission for Egypt to put itself forward as host for the 2036 Olympics," Sobhi said. President Sisi was also in attendance at the meeting along with Egyptian Olympic officials.

CAIRO, Sept 23 (NNN-MENA) – As the U.S. Federal Reserve raised its benchmark rates by 0.75 percentage points on Wednesday, the third such rate hike in a row, and the fifth increase in a year, Middle Eastern countries look set to suffer more from their already dramatic depreciation in the local currency and high inflation.

Yesterday, the Turkish lira was trading at a record low of 18.42 to the U.S. dollar, having plunged more than 50 percent from a year ago, and more than 35 percent since the beginning of this year.

CAIRO, Sept. 22 (Xinhua) -- As the U.S. Federal Reserve raised its benchmark rates by 0.75 percentage points on Wednesday, the third such rate hike in a row and the fifth increase in a year, Middle Eastern countries look set to suffer more from their already dramatic depreciation in the local currency and high inflation.

On Thursday, the Turkish lira was trading at a record low of 18.42 to the U.S. dollar, having plunged more than 50 percent from a year ago and more than 35 percent since the beginning of this year.

CAIRO, Sept 20 (NNN-MENA) – Egyptian President, Abdel-Fattah al-Sisi, yesterday, instructed the government to cooperate with Maersk, one of the world’s largest container shipping lines, to establish a network, to produce and distribute green energy and clean fuels for ships.

Sisi discussed with Maersk Chief Executive Officer, Soren Skou, “a project to produce clean fuel for ships, in Egypt, with investments of 15 billion U.S. dollars,” the Egyptian presidency said, in a statement.

The project will provide more than 100,000 job opportunities, it added.

20 Sep 2022; MEMO: Egyptian President Abdel Fattah Al-Sisi yesterday discussed military cooperation with India's Defence Minister Rajnath Singh, statements from both men's offices said.

Al-Sisi lauded the deep ties binding Egypt and India, asserting Cairo's keenness to promote military and defence cooperation with New Delhi.

During the meeting, Al-Sisi praised the historical ties between Cairo and New Delhi. Al-Sisi also stressed that Egypt is keen on activating its partnership with India.

20 Sep 2022; MEMO: Assistant Secretary-General of the Arab League Hossam Zaki said yesterday that several Arab states want Syria to be returned to the regional body.

In a statement, Zaki said: "Syria's attendance was not at all an Algerian condition, but Algeria wishes that Syria would be able to attend the next Arab League meeting in order to regain lost unity among Arab League member states."

He also said: "The return of Syria to the Arab League is not only an Algerian wish, but it was the wish of several other Arab states."

18 Sep 2022; MEMO: Egypt's Suez Canal Authority plans to raise the transit fees for ships passing the waterway by 15% at the start of 2023, Anadolu reports.

In a statement, the Canal Authority's chairman, Osama Rabie, said the transit fees for bulk and tourist ships will also be raised by 10% and will also be applied as of January 2023.

Rabie cited the increase in fees to current global inflation, which increased the operational costs and the costs of navigation services provided in the canal.

CAIRO, Sept 18 (NNN-MENA) – The Suez Canal’s transit tolls will increase by 15 percent for all types of vessels, and 10 percent for dry bulk and cruise ships, starting next year, the Suez Canal Authority (SCA) announced in a statement yesterday.

The authority said, rising energy prices, freight rates, and daily charter rates for ships, predicted to continue next year, are the main reason for raising transit tolls along the vital canal, connecting the Mediterranean Sea to the Red Sea.