Latest in Tag: supply Highlight
Latest in Tag: supply

Majority of cabinet’s economic team reappointed
Abdel Nour to handle SMEs while Al-Araby takes on administrative development

Strategic wheat reserves to last for coming six months: Supply ministry
Price of local ton of wheat is around EGP 800 higher that imported wheat, supply minister says

Saudi Arabia to grant $1.3bn in petroleum shipments in May, June
The authority requested that Saudi Arabia supply large quantities of diesel fuel during the current period in order to satisfy the needs of power stations during the summer.

150 loaves of bread per month, per citizen under new subsidy plan: Supply minister
New automated bakery launched in Port Said

Cabinet to kick off food and commodities discounts
Discounts are meant to counterbalance increasing inflation rates, cabinet says

175,000 tons of wheat purchased, to be supplied in April
Average price per ton was $312, bringing total cost for imported wheat to $54.6m

Rice export issue yet to be addressed: Minister of Supply
Merchant attempts to withhold rice stock re-emerge following announcement of plans to reopen rice exports

‘Let them eat cake’, part 2
When Gouda Abdel Khalek was Minister of Supply in March of 2012 he made a very “novel” suggestion— not the good kind of novel. At the time, Egypt’s food subsidy programme supplies were woefully insufficient to feed the millions of Egyptians benefitting (in theory) from the assistance. With some governorates having no rice for distribution …

Egypt imports 295,000 tons of wheat with a price tag of $86.28m
Wheat stocks sufficient until 2 June; 60,000 tons imported from Romania, 235,000 tons from Russia

New plans to formalise street trading: Minister of Supply
Ministries of Supply and Interior collaborate on a plan to create a formal market

Rice shortage behind rice exports suspension: Official
Shortage is a result of an attempt by merchants to monopolise rice market

Food industry officials deny food security concerns
A supply ministry report submitted by Ouda forecasted that in 2013 Egypt would import around 9.4m tonnes of wheat, 7.3m tonnes of coarse grains, and 6.8m tonnes of rice, making the total imports for these products 23.4m tonnes: a 1.3% increase from 2012.

Apple gets record two million iPhone 5 Orders
Demand for iPhone 5 exceeded the initial supply

USD exchange rate skyrockets
Few days after president ‘s statement that the Egyptian Pound will not be devaluated, the exchange rate of the US dollar rises against the Egyptian pound to hit its highest level since 2004

Unlicensed factories and Fraud exacerbate bottled water crisis
A statement by chambers of commerce blames the Egyptian standard specifications

Minister of Supply seeks ways to sustain bread subsidies
Held a meeting with bakeries owners, Supply and Internal Trade Minister seeks sustaining bread subsidies

Crop Yield Prices Balancing Fund to be introduced
Crop Yield Prices Balancing Fund plan to be proposed to Cabinet