Page 38 - Supply Commodities News Today : Breaking News, Live Updates & Top Stories | Vimarsana

January 14, 2021 at 7:00 am | Published in: Africa, Egypt, News A worker gesturing for cars to move as others fill up a at a petrol station in Cairo, Egypt on June 29, 2017 [KHALED DESOUKI/Getty Images] January 14, 2021 at 7:00 am Egypt has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) to finance the country's petroleum imports, the Egyptian Ministry of Petroleum announced on Tuesday. "The loan agreement is valued at $1.1 billion," the ministry confirmed in an official statement, adding that the fund was allocated: "To fund the country's petroleum and ...

UPDATE 1-Egypt’s cabinet allows GASC to co-found shareholding shipping company -statement Reuters 12/31/2020 (Adds detail) CAIRO, Dec 31 (Reuters) - Egypt’s cabinet said on Thursday it agreed a draft bill to allow the state grains buyer, the General Authority for Supply Commodities (GASC) to co-found a shareholding shipping company to transport commodities in and out of the country. The company, to be known as Atlantic Pacific Company for Shipping and Trade, will focus on the marine shipping of commodities within Egypt and abroad, and will own commercial shipping vessels. GASC tenders f...

Updated 57 min 31 sec ago March 25, 2021 10:24 DUBAI: Abu Dhabi National Oil Company (ADNOC) has deepened crude oil supply cuts to Asian customers in June to 15 percent from 5 percent in May, several sources with knowledge of the matter said on Thursday. The supply reduction will apply to the four grades of crude that ADNOC sells to Asia, namely Murban, Das, Umm Lulu and Upper Zakum, they said. The cuts are part of theUAE obligation under a pact between the Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, to reduce output and balance global oil markets. ADN...

Tuesday, 29 December, 2020 - 05:30 Egyptian workers harvest wheat in the village of Shamma in the Egyptian Nile Delta province of al-Minufiyah. (AFP) Asharq Al-Awsat Egypt, the world’s largest wheat buyer, expects prices to stabilize in the coming months after recent highs driven by uncertainty during the coronavirus pandemic and recent protective measures such as the Russian export quota. The North African country is one of the main buyers of Russian grain and has looked to bolster its strategic reserves of wheat, which the...

12/15/2020 CHICAGO, Dec 15 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Tuesday: WHEAT - Up 2 to 3 cents per bushel * Wheat higher on technical buying after Monday's nearly 3% decline. Top global wheat supplier Russia is expected to be an aggressive export competitor until a new wheat export tax announced on Monday goes into effect on Feb. 15. * Traders await the results of an international wheat purchase tender set by Egypt's General Authority for Supply Commodities (GASC...