ABU DHABI/CAIRO: Smugglers in the Middle East are enjoying an unlikely moneyspinner — illegal medium grain rice.
Shoppers across the Gulf, mostly unaware of the smuggling, depend on Egyptian rice to make popular Middle Eastern recipes such as (...)
DUBAI: Egyptian refiner Nile Sugar plans to increase its crushing capacity by over 40 percent next year to help meet strong demand in the country, its chief executive said on Sunday.
Egypt produces around 2 million tons of sugar a year but needs (...)
CAIRO: Egypt's main state grain buyer, the General Authority for Supply Commodities (GASC), said on Sunday it had bought 234,000 tons of rice in a tender, adding that the rice was imported but that it was already in Egypt.
Of the total, GASC (...)
CAIRO: Egypt's main state grain buyer, the General Authority for Supply Commodities (GASC), said on Sunday it had bought 234,000 tons of rice in a tender, adding that the rice was imported but that it was already in Egypt.
Of the total, GASC (...)
CAIRO: Egypt's main government grain buyer said on Thursday it would issue international tenders to buy rice if local producers continue stocking up on the commodity.
"We are issuing a tender next week to buy both local and imported rice that is (...)
CAIRO: After the rice harvest each autumn, Egyptians take a deep breath and brace for the "black cloud," a thick layer of smog from burning rice straw that spreads across Cairo and the Nile valley for several weeks.
Environmentalists blame the (...)
CAIRO: Egypt, the world's largest wheat importer, has bought 120,000 tons of Ukrainian wheat for January 11-20 shipment, the main government wheat buyer said on Saturday.
Nomani Nomani, vice chairman of the General Authority for Supply (...)
CAIRO: The area planted with sugar beet and cane in Egypt in the 2011/2012 season will hold steady, an official said in remarks published on Wednesday, dousing talk that lucrative prices offered by the state for wheat would encourage a (...)
CAIRO: Egypt's government on Wednesday sought to end a strike by thousands of lower ranking police officers demanding better pay and a purge of senior officials linked to Hosni Mubarak's rule, the official news agency said.
Police started a (...)
CAIRO: Egypt, the world's biggest wheat importer, is keen to buy French grain but would like it more competitively priced at international tenders, the main state buyer said on Tuesday.
Egypt, which annually consumes 14 million tons of wheat and (...)
CAIRO: Egypt is now pumping gas to Jordan and Israel after a disruption caused by an attack on a pipeline and has more than doubled the price it is charging Jordan, top Egyptian officials on Monday.
"It is being pumped now," state-owned EGAS (...)
SHARM EL-SHEIKH: Egypt's main state wheat buyer said on Thursday he was not facing any financing issues despite political turmoil and said Russian wheat was still competitive although some shipments had been delayed.
"I don't have a financing (...)
SHARM EL-SHEIKH: Egypt, the world's largest wheat importer, expects to grow 3 million acres of wheat in the 2011/12 season, the chairman of the country's National Seed Council said, about the same acreage as last year while it offers to pay farmers (...)
CAIRO: Egypt's dependence on local borrowing to support the state budget is not sustainable and it will have to borrow from overseas, a state newspaper quoted Finance Minister Hazem El-Beblawi as saying on Monday.
Local banks are lending heavily (...)
CAIRO: Egypt's Finance Minister Hazem El-Beblawi, also the deputy premier, returned to work on Wednesday after the ruling military council rejected his resignation, a Cabinet source said, after a day of confusion that underscored the country's (...)
CAIRO: Egypt will soon finish drafting a new contract for gas exports to its neighbor Israel that includes a big increase in prices, a newspaper cited the petroleum minister as saying on Tuesday.
Gas supplies to Israel have been disrupted by a (...)
CAIRO: Egypt's state-owned wheat buyer, the General Authority for Supply Commodities (GASC), increased the protein content requirement for wheat it asks for in tenders, traders said on Monday, citing a GASC statement.
The minimum protein content (...)
CAIRO: Egyptian riot police on Saturday cleared Cairo's Tahrir Square of protesters who had wanted to stage a sit-in following a demonstration demanding an end to emergency laws and a speedy transfer of power to civilians from military (...)
CAIRO: Egypt's state-owned wheat buyer, the General Authority for Supply Commodities (GASC), will start a visit to Ukraine on Sunday as it prepares to add the country as a source in tenders, the firm's vice chairman said on Thursday.
"We will (...)
CAIRO: Egypt, once the breadbasket of the ancient Roman empire and now the world's biggest wheat importer, is paying a hefty price to keep its citizens fed with cheap loaves and other foodstuffs.
The $5.5 billion which it spends each year on (...)
CAIRO: Egyptian commodity purchasing enterprise Meditrade is seeking to buy soy oil and sunflower oil for shipment first half and/or second half of November, a trader said on Tuesday.
Meditrade is looking to buy 10,000 to 20,000 tons of soy oil (...)
CAIRO: Landline-monopoly Telecom Egypt said on Wednesday it was owed LE 128 million ($21.5 million) by telecommunications companies providing pre-paid card services.
Telecom Egypt issued a statement after some news reports put the figure at LE (...)
CAIRO: Egypt's Delta Sugar said on Monday it had bought 35,000 tons of Brazilian raw sugar from Bunge.
The sugar was purchased at $631 per ton on a cost, insurance and freight basis (CIF) for October shipment, a company official said.
Delta (...)
CAIRO: Algeria s state-owned energy firm Sonatrach is setting up an oil and gas joint venture with two Egyptian national companies, its chief executive officer told Reuters on Saturday.
We could invest around maybe $15 billion but it is not (...)
CAIRO: Egypt, which plans to start its first solar power unit in 2010, said on Tuesday it wanted to expand solar power production for export but that costs of the technology would need to fall first to make it feasible.
The North African country, (...)