Arab Finance: Egypt entered a direct deal with a Russian state-backed merchant for eight wheat cargoes this week, Bloomberg reported on October 10^th, citing unnamed traders familiar with the matter.

The deal comprises 480,000 tons of wheat, representing roughly 4% of Egypt's annual imports.

The General Authority for Supply Commodities (GASC), the state-run grain importer, scheduled the shipment of the wheat for November and December.

Egypt’s wheat imports rose 30% year on year (YoY) during the first nine months of 2023.

Tetra Pak names Stelios Mourouglakis as Managing Director for Egypt Area Updated 12/4/2025 12:06:00 PM

Egypt, Bulgaria sign joint committee protocol to expand cooperation across 19 sectors Updated 12/4/2025 10:53:00 AM

IMF talks expected to move smoothly amid positive economic indicators: Madbouly Updated 12/4/2025 8:43:00 AM

Cabinet approves incentive plan for new, converted hotel projects Updated 12/3/2025 3:23:00 PM

Egypt, Tunisia hold 4th meeting to advance investment cooperation Updated 12/3/2025 2:51:00 PM