EU wheat is being purchased by African and Middle Eastern states as exports from Ukraine continue to be disrupted by war amid food security concerns.
The ITFC has begun dispersing a USD 3 billion credit extension to Egypt to address the rising costs of food and energy imports.
Wheat shortages due to the Ukrainian conflict have led to rising costs and concerns over food security.
The Saudi Arabia-based International Islamic Trade Finance Corporation (IFTC) has raised Egypt’s credit rating to USD 6 billion to address rising costs of wheat.
Speaker of Tanzania’s National Assembly, Anne Makinda, conveys her country’s interest in deepening historic, economic ties with Oman Speaker of…