Page 3 - For Egypt News Today

This report represents the research and views of the author. It does not necessarily represent the views of the Center on Global Energy Policy. The piece may be subject to further revision.

Cairo, again, proved itself indispensable in ending fighting between Gaza-based terrorist organizations and Israel.

In a much-reported move, Lebanon, Syria and Egypt signed an agreement at the Lebanese Energy Ministry in Beirut on June 21 for the provision of Egyptian natural gas to Lebanon, via Syria. According to the deal, Egypt will export 650 million cubic meters

BEHIND THE LINES: A look at the geopolitical significance in this deal, how it benefits the Lebanese people and the Assad regime, offsets Iran and Hezbollah and how Israel is involved.

Prices on wheat in the North African country, that relies on Russian and Ukrainian crops, have gone up since the beginning of hostilities on 24 February. In a bid to stabilise the market Cairo decided to boost local production, but it turned out that domestic supply cannot meet public demand.

Russia’s invasion of Ukraine has sparked a feverish run-up in the prices of just about every commodity.

What can the world's biggest buyer of wheat do when supplies from mainstay providers Russia and Ukraine are choked by war? For Egypt, it could mean pressing ahead on a delicate venture: raising the price of subsidized loaves for the first time in four decades.

What can the world's biggest buyer of wheat do when supplies from mainstay providers Russia and Ukraine are choked by war? For Egypt, it could mean pressing ahead on a delicate venture: raising the price of subsidized loaves for the first time in four decades.

Global food prices hit a record last month and inflation indices across major economies are on the rise amid the Ukraine war.

Russia and Ukraine delivered 86 per cent of Egypt’s wheat imports in 2020