INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Egypt turns to India to import much needed wheat

Umm Abdo prepares bread for the family in her home at Zerzara village on the west bank of the Nile river, off of Egypt's southern city of Aswan, on February 26, 2022. (Photo by Khaled DESOUKI / AFP)
  • El-Said Marzouq El-Qosair, Egypt’s minister of agriculture and land reclamation, said this comes within the framework of the state’s efforts to secure new sources of wheat
  • Egypt is the largest importer of wheat in the world and depends on Russia and Ukraine, which have been in conflict for nearly two months

Egypt will import wheat from India to compensate for the loss of wheat supplies from Ukraine and Russia, the north African nation’s main sources of wheat.

El-Said Marzouq El-Qosair, Egypt’s minister of agriculture and land reclamation, said this comes within the framework of the state’s efforts to secure new sources of wheat.

Egypt is the largest importer of wheat in the world and depends on Russia and Ukraine, which have been in conflict for nearly two months, raising concerns about supplies.

An Egyptian delegation went to India to discuss wheat imports, visiting fields and grain stores in various regions. The two sides also discussed facilitating the flow of Egyptian agricultural exports to India.