Nada Arafat

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Articles

New player bids to import wheat for Egypt’s state silos

Nov 28, 2024 | madamasr.com | Nada Arafat

The Future of Egypt, a sustainable agriculture agency, announced on Wednesday that it had issued a tender to import 60,000 tons of wheat from various sources. Yet two wheat traders speaking to Mada Masr on condition of anonymity in the evening said that the purchase was postponed indefinitely due to lack of bids. The wheat was bound for the Egyptian Holding Company for Silos and Storage, which belongs to the Supply Ministry, according to the purchase order reviewed by Mada Masr.
COP29 launches in Azerbaijan aiming to renew climate financing goal unmet for majority of past decade

Nov 11, 2024 | madamasr.com | Nada Arafat

Monday marked the start of the 29th Conference of the Parties (COP29) in Baku, Azerbaijan, where representatives from around the world are gathering to discuss and negotiate solutions to the climate crisis. At the forefront of this year’s negotiations is the New Collective Quantified Goal on Climate Finance for developing countries.
Egg traders confronted with price-fixing lawsuit by state competition agency

Sep 11, 2024 | madamasr.com | Nada Arafat

Twenty-one table egg producers face possible investigation after they were accused by the Competition Protection Agency of coordinating to raise prices and “deliberately colluding to undermine government initiatives aimed at alleviating the suffering of citizens.”The price fixing allegations come amid a surge in the cost of living which has seen market prices fluctuate wildly in Egypt’s import-dependent market.
Bakeries say govt support not enough to produce subsidized bread

Aug 5, 2024 | madamasr.com | Nada Arafat

Bakery owners producing subsidized bread said that they are currently unable to make loaves to official weight and quality standards, expressing dissatisfaction to Mada Masr over the “unfair” production costs they say are set by the government. After consumer inflation rose to record levels last year, the government enacted an unprecedented hike to the price of subsidized bread and later boosted its spending to support some bakeries’ costs.
Supply Ministry reduces domestic wheat supply target by half a million tons

Apr 1, 2024 | madamasr.com | Nada Arafat

The Supply Ministry announced in a statement on Saturday that it aims to procure 3.5 million tons of local wheat during this year’s harvest, which begins in a few weeks and lasts until the end of summer. The ministry’s procurement target is half a million tons less than it was last year. This year, the burden on farmers has been exceptional due to severe inflation at home driving up maintenance and production costs, with pressures compounded by a drop in wheat prices in international markets.
Cost of bread creeps up as Supply Ministry rolls back commercial price controls

Jan 18, 2024 | madamasr.com | Nada Arafat

Loaves of bread sold commercially have increased in price over recent weeks by as much as 50 piasters. The sudden price spike is due to the fact that the Supply Ministry has stopped intervening to maintain the price controls it had introduced almost a year ago, according to industry insiders who spoke to Mada Masr. It comes as global wheat prices rise and wheat harvest season approaches in Egypt, with national stocks depleting toward the end of the agricultural year.
Unsweetened days: How the sugar crisis was stirred by government policy missteps

Dec 9, 2023 | madamasr.com | Nada Arafat

In a televised interview last week, Supply Minister Ali al-Moselhi apologized to citizens for the months long sugar crisis that has been marked by shortages and a 275 percent price increase compared to last year. During the interview, the minister called on citizens to “calm down a bit” and endure, advising them not to purchase sugar until the “crisis” is resolved, a resolution he promised would come by December 15. The extent of the crisis can be seen in queues outside food outlets.
15 Egyptian truck drivers dead on Sudan border, 4,000 others stuck as war freezes movement

Aug 17, 2023 | madamasr.com | Nada Arafat |Salma Hindy

An Egyptian national working as a truck driver died on Monday while stranded at the crossing between Egypt and war-torn Sudan, making the 15th casualty of the kind in just 15 days as a result of harsh conditions and long waiting times at the border.
Egypt officially withdraws from UN global grain agreement

Jul 6, 2023 | madamasr.com | Nada Arafat

Cairo officially withdrew on Tuesday from a decades-old UN grain treaty, over a year after Russia’s invasion of Ukraine threw the supply of staple wheat imports to Egypt into precarity. The war between two of the world’s two largest wheat exporters endangered Egypt, the world’s largest wheat importer, and its 100-million-strong population who depend on the crop as a dietary staple. The Black Sea conflict’s impact on global commerce also aggravated a persistent trade imbalance in Egypt.
Nada Arafat

Jun 6, 2023 | madamasr.com | Beesan Kassab |Mohamed Ezz |Nada Arafat

Splitting the pharmacy pie: How the El Ezaby-sovereign fund deal will usher in new monopolistic player| The move will see El Ezaby, Egypt's largest pharmacy chain, expand twofold within two years