COMMODITIES-

Malaysia has plans to turn Egypt into an export hub for palm oil: Malaysia intends to set up a logistics and marketing center for palm oil in the Suez Canal Economic Zone to enhance the country’s exports to Africa, the country’s Plantation and Commodities Minister Johari Abdul Ghani said on the sidelines of the Malaysian Palm Oil Forum in Cairo yesterday, Al Borsa reported. Malaysia currently exports 2.5 mn tons of palm oil to African countries every year, Abdul Ghani added.

What’s next: Abdul Ghani will be paying a visit to the SCZone today to learn about incentives on offer.

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