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November 15, 2024
The stock markets of the United Arab Emirates rose Friday. Abu Dhabi's Index outperformed the other two due to a rise in shares by its largest listed company, International Holding Company. Abu Dhabi's benchmark Index settled 0.5% higher thanks…
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November 14, 2024
European traders reported on Thursday that the Algerian state agency ONAB did not purchase any animal feed corn in an auction which ended on Wednesday. The tender was for up to 240.000 metric tons of corn only sourced from Argentina and Brazil.
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November 13, 2024
Traders said that the European Union is increasingly focusing its wheat exports on the west side of Africa, after Russia dominated major markets in North Africa and Middle East. EU shipments of soft wheat or common wheat are 30 percent below their previous year's level.
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November 8, 2024
A small group of migrants on board an Italian navy vessel docked at an Albanian port Friday, as Rome attempted to salvage its plan to process asylum-seekers abroad after the first attempt was thwarted by legal obstacles. A reporter reported that the ship had arrived before 8 am (0700 GMT).
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November 3, 2024
Egypt's State Grain Buyer, the General Authority for Supply Commodities(GASC), announced on Sunday that it is seeking an unspecified quantity of wheat for an international buying tender for the First Time Since August. It said that the deadline for offers is November 4…
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October 29, 2024
Two Egyptian security sources reported that a dozen Egyptian migrants were believed dead when their boat capsized on Monday off the coast near the town of Tobruk in eastern Libya. One man was rescued. Sources said that the 13 men left for Italy on a people-smugglers boat Sunday night.
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October 28, 2024
Sherif Farouk, the Egyptian supply minister, said that Egypt expects to still receive a shipment of Russian grain in November after the initial consignment set for October was delayed. In September, Egypt's Supply Ministry announced that it had purchased 430…
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October 28, 2024
The national guard reported on Monday that the Tunisian coastguard had recovered 16 bodies from the sea off the coasts of Maloulech and Salakta. This is the latest boat tragedy in the Mediterranean. The bodies were discovered at the weekend, and then again on Monday.
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October 9, 2024
The Prime Minister Mostafa Mdbouly stated on Wednesday that Egypt has enough wheat reserves to last more than five-and-a half months. He also said Egypt was building reserves as a preventative measure, as tensions in the region escalate. He…
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October 4, 2024
In response to an earlier report this week regarding a direct contract for monthly wheat supplies, Egypt's state grain buyer stated on Friday that it is fully committed to disclosing all deals or tenders completed by the authority. The General…
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October 3, 2024
The Planning Ministry announced on Thursday that Egypt's GDP grew by 2.4% during the fourth quarter 2023/24, bringing its annual growth to 2.4%. This is down from the 3.8% growth rate a year ago. The Planning Ministry attributed this slowdown to geopolitical tensions…
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October 2, 2024
Two sources who have direct knowledge of this matter said that Egypt's state grain buyer had agreed to one of its largest direct wheat contracts for monthly supplies between November and April. One source said that the wheat would be delivered to the General Authority for Supply Commodities…
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October 2, 2024
The government announced on Wednesday that Egypt had increased its local wheat purchase price by 10%, to 2,200 Egyptian pound ($45.51), per 150 kilograms (ardeb). Hossam El Gahary, vice-chairman of the General Authority for Supply Commodities and state buyer…
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October 2, 2024
European traders reported on Wednesday that the Algerian state agency ONAB had issued an international tender for up to 320,000 tons of animal feedcorn sourced only from Argentina or Brazil. They said that the deadline for submitting price offers to the tender is Thursday October 3.
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October 2, 2024
Ukraine exported 207,000 tons of barley to Ukraine in September, and the union of Ukrainian farmers UAC predicted that this volume will likely be maintained in October. Ukraine has a long history of barley production and export. UAC stated in…
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October 1, 2024
Omar Yacoubi, head of the Moroccan grain trader's association (FNCL), said that Russia will surpass France as Morocco's leading soft wheat supplier in 2024/25. Morocco must import 5 million tons of soft grain after a poor domestic harvest caused by drought, said the official.
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September 27, 2024
European traders reported on Friday that Algerian state agency ONAB purchased an unknown quantity of animal feed corn from Argentina or Brazil as part of an international tender which ended on Thursday. The tender was for up to 240.000 tons.
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September 23, 2024
Port and military officials confirmed on Monday that an Egyptian warship had delivered a second large cache of weapons to Somalia, including anti-aircraft cannons and artillery. This move is likely to cause further friction between Egypt and Ethiopia.
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September 18, 2024
According to the comments of the housing ministry and a source from the finance ministry, Egypt is developing plans to develop Ras Banas, a remote area on the Red Sea coast with the aim of attracting large-scale investment. Ras Banas, a peninsula…
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September 8, 2024
Italian media reported that the Italian coast guard had recovered six bodies near the coast of Sicily. The bodies are believed to be among the 21 people who were missing after a shipwreck involving migrants earlier in the month. Italian Coast Guard said that on Wednesday…
