Page 4 - Egypt

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

Wheat consignments examined by customs can be exported: Commerce Dept

Announcement comes days after DGFT banned all wheat exports to bolster falling stocks and manage food security; govt also allows wheat already being loaded at Kandla to head to Egypt

Egypt agrees to buy half a million tonnes of Indian wheat: Supply minister

Egypt's government has agreed to buy half a million tonnes of wheat from India, Egyptian Supply Minister Aly Moselhy said on Sunday.

Egypt's Suez Canal chief says April revenues hit all-time record at $629 mn

The unprecedented income came as the Suez Canal in March increased transit fees for ships passing through the waterway

Cheap Indian wheat faces quality checks, high freight cost for Egypt export

Traders also said freight costs would be a challenge for Indian suppliers, adding that the lowest freight cost on Tuesday stood at $70 a tonne

Egypt approves India as wheat supplier; to import about one million tonnes

240,000 tonnes to be shipped in April itself; export approved after rigorous process of field visits and checks in quarantine facilities

Egypt approves India as wheat supplier: Union Minister Piyush Goyal

There is a sharp decline in availability of wheat in the global markets due to the ongoing conflict between Russia and Ukraine. Both the nations are major producers and exporters of wheat.

Egypt eyes adding India as a wheat import origin this month, says ministry

Russia's invasion of Ukraine in late February has driven up global wheat prices and disrupted Black Sea shipping, though wheat shipments from Russia continued in March