Paris, France -- Global food prices rose in October to their highest level in 18 months, with a sharp increase in the cost of vegetable oil, the Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in international prices of a basket of food...
Egypt calls for renewal of Black Sea grain export deal
MOSCOW, RUSSIA - Egypt's president on Friday called on Russia and Ukraine to find "urgent solutions" to allow the resumption of Ukraine grain exports to Africa, after Moscow's withdrawal led to the collapse of a Black Sea pact. The Ukraine grain deal was agreed last year and allowed around 33 million...
UN chief hopeful Russia will extend grain deal
United Nations Secretary-General Antonio Guterres hoped Russia would extend the deal that gives safe passage to Ukrainian grain shipments. The UN chief, addressing reporters in Bali ahead of a Group of 20 summit, said talks over the last week had delivered "progress" on the deal that is to end on...UN, Russia hold talks on grain, fertilizer exports
United Nations chiefs held talks with Russian officials on the Black Sea agreements on exporting grain and fertilizers, eight days before one of the deals is set to expire. UN humanitarian chief Martin Griffiths and Rebeca Grynspan, head of UN trade and development agency UNCTAD met Russian officials led by...
Qatar to hike Jordanian food imports during World Cup
Qatar plans to hike its imports of Jordanian food products during FIFA World Cup Qatar 2022 as demand is expected to increase at unprecedented rates due to influx of over 1.5 million fans and visitors.
Putin wants talks with Erdogan over Ukraine grain
The Kremlin said that President Vladimir Putin will discuss with Turkish President Recep Tayyip Erdogan a deal allowing grain exports from Ukraine that Russia has criticized. The agreement between Russia and Ukraine, brokered by Turkey and the United Nations, designated three ports for Kyiv to send grain supplies through a...
Egypt curtails domestic use of energy to boost forex
An economic crisis spurred by the Ukraine war is casting darkness upon Egypt's streets, as the government dims lights to free up energy for export and bolster hard currency reserves.Two more grain ships leave Ukraine, says Turkey
Two more ships carrying grain have left Ukraine's Chornomorsk port, Turkey's Defense Ministry said on Saturday, bringing the number of vessels to leave Ukraine's Black Sea ports under a UN-brokered deal to 27. The joint coordination center said Zumrut Ana and MV Ocean S were loaded with sunflower oil and...Putin, Macron call for IAEA inspection of Ukraine nuclear plant
Russian President Vladimir Putin and his French counterpart Emmanuel Macron called for independent inspections at the Moscow-occupied Zaporizhzhia nuclear plant, the Kremlin said Friday. Putin said "the systematic shelling by the Ukrainian military of the territory of the Zaporizhzhia nuclear power plant creates the danger of a large-scale catastrophe that...Jordan, Egypt sign deal to develop and operate logistics areas
Jordan and Egypt held a meeting Monday to discuss mutual cooperation in the field of establishing, operating and developing logistic areas. The two nations had signed a cooperation deal on the sidelines of the 30th session of the Joint Jordanian-Egyptian Higher Committee in February 2021 in Cairo. The virtual meeting...
Jordan’s wholesale price index up 5.6 percent as fuel, mineral prices surge
Jordan’s wholesale price index in Q1 2022 increased by 5.66 percent, reaching 102.64 points against 97.14 during the same period of 2021. According to the Department of Statistics' (DoS) quarterly report issued Sunday, the rise was mainly driven by the increase in the group price of fuel, minerals, and construction...
Moody’s says Ukraine war endangers global economic recovery
The Russia-Ukraine conflict and subsequent sanctions have increased risks to the global economic outlook, with effects that will depend on the length and severity of the crisis, Moody's Investors Service said in a report.
