{"id":544407,"date":"2022-03-02T04:12:01","date_gmt":"2022-03-02T04:12:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/this-morning-russia-ramps-up-rocket-fire-on-ukrainian-cities-ipo-in-the-cards-for-new-capital-subsidiaries\/"},"modified":"2022-03-02T04:12:01","modified_gmt":"2022-03-02T04:12:01","slug":"this-morning-russia-ramps-up-rocket-fire-on-ukrainian-cities-ipo-in-the-cards-for-new-capital-subsidiaries","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/this-morning-russia-ramps-up-rocket-fire-on-ukrainian-cities-ipo-in-the-cards-for-new-capital-subsidiaries\/","title":{"rendered":"THIS MORNING: Russia ramps up rocket fire on Ukrainian cities + IPO in the cards for new capital subsidiaries"},"content":{"rendered":"<p><strong>Good morning, wonderful people. The big story here at home is fallout from the war in<\/strong> <strong>Ukraine<\/strong> as the Madbouly government took quick steps yesterday to shore up our wheat reserves and domestic harvest amid ongoing disruptions in the international market for the grain.<\/p>\n<p><strong>What they\u2019re doing: <\/strong>As we report below, the government will buy substantially more wheat from local farmers this harvest season \u2014 and make it easier for smaller farmers to grow the crop ahead of the next planting season.<\/p>\n<p><strong>Take a nice, deep breath: <\/strong>It\u2019s natural that the global market is in a bit of disarray right now, but markets have a tendency to work things out \u2014 and state grain buyer GASC is the biggest, most experienced player in that global market. With a four-month stockpile in place and the government now buying more domestically, GASC has some breathing room. Its goal: Not to buy now at exorbitant prices if it expects some measure of order to slowly return to the market in the coming days and weeks.<\/p>\n<p><strong>HERE\u2019S WHAT YOU NEED TO KNOW about the war in Ukraine this morning:<\/strong><\/p>\n<ul>\n<li><strong>Russia stepped up its assault on Ukraine\u2019s biggest cities<\/strong>, firing missiles (and, reportedly, cluster munitions) on urban areas as the <a href=\"https:\/\/www.ft.com\/content\/e51014c3-0b97-4a3d-8a19-bc49b3ccd042\">war rages on<\/a> for the seventh day. Cities hit include Kyiv and Kharkiv.<\/li>\n<li><strong>There won\u2019t be another round of peace talks unless Russia stops targeting Ukrainian civilians<\/strong>, Ukrainian President Volodymyr Zelenskiy told <a href=\"https:\/\/www.reuters.com\/world\/ukraines-president-russia-stop-your-bombs-before-ceasefire-talks-can-start-2022-03-01\/\">Reuters<\/a> yesterday.<\/li>\n<li><strong>Reshaping the global order, Part 1: <\/strong>Erdogan isn\u2019t opposed to Nato enlargement, more EU politicians are talking favorably about <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-01\/eu-agrees-to-move-to-the-next-step-in-ukraine-s-membership-bid?srnd=premium-middle-east&sref=mmeFTDW1\">immediately making Ukraine a member<\/a> (a decision could come as early as next week), and China is putting some <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-01\/china-urges-protection-of-ukraine-civilians-in-shift-from-russia?srnd=premium-middle-east&sref=mmeFTDW1\">daylight between itself and Moscow<\/a>.<\/li>\n<li><strong>Reshaping the global order, Part 2: <\/strong>Moscow demanded that Western countries <a href=\"https:\/\/www.reuters.com\/world\/no-military-bases-ex-soviet-countries-russia-tells-west-2022-03-01\/\">pull back from bases<\/a> in countries that used to be part of the Soviet Union \u2014 and doubled down on its (so far baseless) claim that <a href=\"https:\/\/www.reuters.com\/world\/russias-lavrov-says-there-is-danger-ukraine-acquiring-nuclear-weapons-2022-03-01\/\">Ukraine is seeking nuclear weapons<\/a>.<\/li>\n<li><strong>Fund managers: Kiss your dividends goodbye. <\/strong>The forecast heading into 2022 was that dividends would grow slower this year than last (a record year for divvies). With a <a href=\"https:\/\/www.nytimes.com\/2022\/03\/01\/business\/investors-ukraine-russia-markets.html\">Second Cold War now clearly underway<\/a> and a high-inflation environment here to stay a while, the <a href=\"https:\/\/www.ft.com\/content\/b2206887-215f-4989-915b-fb3a0ffe20cc\">Financial Times<\/a> suggests dividends are going to come under even more pressure.<\/li>\n<\/ul>\n<p><strong>AT THE SAME TIME- The G7 is acting more like a bloc on foreign policy. <\/strong>The group of leading industrialized economies said yesterday it will offer \u201csignificant\u201d financial support to Ukraine \u2014 and <a href=\"https:\/\/www.gov.uk\/government\/news\/g7-finance-ministers-statement-on-ukraine\">promised more sanctions for Russia<\/a>.<\/p>\n<p><strong>G7 ambassadors in Cairo also released a statement yesterday calling on Egypt to stand<\/strong> <strong>with Ukraine. <\/strong><a href=\"https:\/\/ent.news\/2022\/3\/G7-op-ed-Cairo.pdf\">The statement (pdf)<\/a> has gotten traction here at home (<a href=\"https:\/\/bit.ly\/3hvLmyU\">Al Shorouk<\/a> | <a href=\"https:\/\/bit.ly\/3MhaxmI\">Al Mal<\/a>) and wide pickup in Gulf media (<a href=\"https:\/\/www.thenationalnews.com\/mena\/egypt\/2022\/03\/01\/egypt-treads-careful-middle-ground-on-russia-ukraine-conflict\/\">The National<\/a>). The G7 ambassadors said they welcomed Egypt\u2019s support for Ukrainian tourists stranded here, noting our \u201cuniquely Egyptian sense of warmth and hospitality.\u201d They then name-checked Gamal Abdel Nasser, our long history of careful diplomacy, and \u201cthe honour of standing up for the rights of others\u201d as they asked Egypt to stand with Ukraine when the UN General Assembly meets this week. Egypt maintains good relations with both Russia and Ukraine, which together account for about a third of our inbound tourism market and as much as 80% of our wheat supply.<\/p>\n<p><strong>HAPPENING NOW-<\/strong><\/p>\n<p><strong>\u201cWe are inflicting pain on Russia and supporting the people of Ukraine.\u201d <\/strong>That was the central message of US President Joe Biden\u2019s <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2022\/03\/01\/remarks-of-president-joe-biden-state-of-the-union-address-as-delivered\/\">State of the Union speech<\/a>, which is wrapping up just as we press \u201csend\u201d on this morning\u2019s issue. Biden promised to redouble the economic attack on Russia, including by closing off US airspace to Russian planes and seizing oligarchs\u2019 \u201cill-begotten gains\u201d in tandem with European partners. The economy was the other central theme of the annual address, with Biden <a href=\"https:\/\/www.wsj.com\/articles\/state-of-union-2022-biden-11646101886?mod=hp_lead_pos4\">pitching his plan<\/a> to combat high prices by boosting domestic production, after US inflation reached its fastest pace in four decades.<\/p>\n<p><strong>It wouldn\u2019t be a Biden speech without a slip of the tongue: <\/strong>\u201cPutin may circle Kyiv with tanks, but he'll never gain the hearts and souls of the Iranian people,\u201d Biden said. <a href=\"https:\/\/www.axios.com\/biden-ukrainians-iranians-state-of-the-union-6cf2fd89-a252-4ef4-b4d7-3cdc8042957a.html\">The world was quick to point out<\/a> that the people of Kyiv are Ukrainians, not Iranians.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>TWEET OF THE MORNING-<\/strong> \u201cHonestly if you don't use shatafa \/ bidet you have 0 legs to stand on calling the rest of us uncivilized.\u201d \u2013Former Guardian Mideast correspondent <a href=\"https:\/\/twitter.com\/kshaheen\">Kareem Shaheen<\/a><\/p>\n<p><strong>SIGN OF THE TIMES #1- Serena Williams is now a big-time venture capitalist. <\/strong>A reminder you can always have a second act in life. One of the best players to ever pick up a racquet, Williams is a longtime angel investor and apparently didn\u2019t break a sweat <a href=\"https:\/\/www.serenaventures.com\/post\/grow-your-blog-community\">raising a USD 111 mn inaugural fund<\/a>. You can check our her <a href=\"https:\/\/www.serenaventures.com\/\">Serena Ventures site here<\/a> or catch a glimpse of her appearance on CNBC\u2019s <a href=\"https:\/\/twitter.com\/squawkcnbc\/status\/1498652413527531521?s=12&utm_source=pocket_mylist\">Squawk Box here<\/a>.<\/p>\n<p><strong>SIGN OF THE TIMES #2- Urban adventure photographer (and crypto fan) Drifter Shoots <\/strong><strong>just became the first Black photographer to make it to auction at Christies. <\/strong>He celebrated with a <a href=\"https:\/\/twitter.com\/driftershoots\/status\/1498685526827798534?s=12&utm_source=pocket_mylist\">highlight video that you do NOT want to watch if you have a fear of heights<\/a>.<\/p>\n<p><strong>SIGN OF THE TIMES #3- The UAE has relaxed covid-19 restrictions<\/strong> and will <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/uae-drops-face-masks-outdoors-quarantine-covid-contact-cases-2022-02-27\/\">no longer<\/a><a href=\"https:\/\/www.reuters.com\/world\/middle-east\/uae-drops-face-masks-outdoors-quarantine-covid-contact-cases-2022-02-27\/\">require masks be worn outdoors<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>HAPPENING TODAY-<\/strong> <strong>You can expect OPEC+ to stick to its gradual supply increases <\/strong>when it meets today, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-01\/opec-expected-to-agree-another-modest-supply-boost-amid-turmoil?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> reports. Analysts and traders expect the oil cartel will agree to another 400k barrel per day oil production increase \u2014 which won\u2019t do much to stall rocketing prices as Russia\u2019s invasion of Ukraine exacerbates a preexisting supply crunch.<\/p>\n<p><strong>Cue: An emergency release of US reserves to the rescue? <\/strong>Members of the International Energy Agency (IEA) will deploy <a href=\"https:\/\/www.iea.org\/news\/iea-member-countries-to-make-60-million-barrels-of-oil-available-following-russia-s-invasion-of-ukraine\">60 mn barrels of emergency oil<\/a> stockpiles in a bit to tamp down prices. The US will contribute half the amount from its strategic reserve, while the rest will come from IEA members in Europe and Asia, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-03-01\/iea-will-deploy-emergency-oil-stockpiles-to-ease-soaring-prices\">Bloomberg<\/a> quoted unidentified sources as saying.<\/p>\n<p><strong>The IEA\u2019s announcement hasn\u2019t cooled the markets so far: <\/strong>Brent crude closed up a whopping 7.1% yesterday at USD 104.97 per barrel.<\/p>\n<p><strong>MEANWHILE- (Some) smokes are getting more expensive- <\/strong>Eastern Company has hiked the prices of several of its own brand cigarettes by EGP 0.5-1 per pack, according to a <a href=\"https:\/\/ent.news\/2022\/3\/%D8%A7%D9%8A%D8%B3%D8%AA%D8%B1%D9%86-%D8%A8%D9%8A%D8%A7%D9%86-1-3-2022-1.pdf\">regulatory<\/a><a href=\"https:\/\/ent.news\/2022\/3\/%D8%A7%D9%8A%D8%B3%D8%AA%D8%B1%D9%86-%D8%A8%D9%8A%D8%A7%D9%86-1-3-2022-1.pdf\">filing (pdf)<\/a>. The changes came into effect yesterday. The company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/21ea4b72-fcd1-48f6-b151-20791fec3e4a\">last hiked price points<\/a> last year. Both sets of increases came on the back of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ed2d4031-6769-4868-aa2e-2be38b1926b9\">VAT Tax amendments<\/a> approved in 2020, which placed additional taxes on <s>cancer sticks<\/s> cigarettes.<\/p>\n<p><strong>Consoleya is holding its second <\/strong><strong><a href=\"https:\/\/www.eventbrite.com\/e\/consoleya-women-meet-up-inclusivity-in-investment-more-tickets-274903282117\">Women Meet-up<\/a><\/strong><strong> today<\/strong> to discuss topics including inclusivity in investment. The agenda includes a panel discussion on gender-lens funding here in Egypt.<\/p>\n<p><strong>HAPPENING TOMORROW- PMI:<\/strong> Purchasing managers\u2019 index figures for February for Egypt, Saudi Arabia, the UAE, and Qatar will be <a href=\"https:\/\/www.markiteconomics.com\/Public\/Release\/ReleaseDates\">released<\/a> tomorrow at 6:15am CLT. Non-oil business activity in Egypt contracted for the fourteenth consecutive month <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a533fba9-e013-44ee-8bd9-ad967da1c1e5\">in January<\/a> on the back of weaker demand and inflationary pressure, recording the lowest reading since April 2021 and falling below the series average.<\/p>\n<p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Key news triggers to keep your eye on<\/strong> over the next few weeks:<\/p>\n<ul>\n<li><strong>Foreign reserves:<\/strong> February\u2019s foreign reserves figures will most likely be announced this week or next.<\/li>\n<li><strong>Inflation:<\/strong> Inflation figures for February will be released on Thursday, 10 March.<\/li>\n<li><strong>Interest rates:<\/strong> The Central Bank of Egypt (CBE) will hold its <a href=\"https:\/\/www.cbe.org.eg\/en\/MonetaryPolicy\/Pages\/MPCMeetingSchedule.aspx\">next monetary policy meeting<\/a> on Thursday, 24 March.<\/li>\n<\/ul>\n<p><strong>Contemporary art and culture center <\/strong><strong><a href=\"https:\/\/www.facebook.com\/3031ArtFest\/\">Darb1718<\/a><\/strong><strong> is hosting its <\/strong><strong><a href=\"https:\/\/collardtickets.com\/event\/3031-art-festival\/?s=1\">3031 Art Festival<\/a><\/strong> from 4-12 March on its premises in Fustat, Old Cairo. Unique collections of multidisciplinary art will be on display along with live music, dance, theater performances, and interactive workshops. Guest speakers <a href=\"https:\/\/www.adsumart.com\/home\">Adsum Art Consultancy<\/a> will be on hand to discuss investing in art. Catch a full day of activities from 1:00pm\u20139:30pm on weekends and weekdays from 4:00pm\u201310:00pm<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.facebook.com\/Diarna.moss\">Diarna Handicrafts Fair<\/a><\/strong> kicked off last Thursday and runs through 7 March at Cairo Festival City from 10am until 10pm daily.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p class='web-image'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Web-view-01.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** It\u2019s <\/strong><strong>Hardhat<\/strong><strong> day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education.<\/p>\n<p><strong>In today\u2019s issue: <\/strong>The government now has a database to boost transparency and efficiency in public-private partnership (PPP) projects, after the International Monetary Fund lent us some technical assistance. In this week\u2019s Hardhat, we delve into the report from the IMF\u2019s technical team, unpacking how the database will work, what we stand to gain from implementing it, and where we can exploit the potential of the PPP model to turbocharge the national infrastructure drive.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, wonderful people. The big story here at home is fallout from the war in Ukraine as the Madbouly government took quick steps yesterday to shore up our wheat reserves and domestic harvest amid ongoing disruptions in the international market for the grain. What they\u2019re doing: As we report below, the government will buy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7204],"tags":[247,72,1253,498,128,270,304,7263,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544407","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-eastern-company","tag-enterpriseam","tag-g7","tag-joe-biden","tag-opec","tag-russia","tag-ukraine","tag-war","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"7e9f4df4-51e0-46ba-bb1d-cb7930da4958","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[544405],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS MORNING: Russia ramps up rocket fire on Ukrainian cities + IPO in the cards for new capital subsidiaries - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/this-morning-russia-ramps-up-rocket-fire-on-ukrainian-cities-ipo-in-the-cards-for-new-capital-subsidiaries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Russia ramps up rocket fire on Ukrainian cities + IPO in the cards for new capital subsidiaries\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people. The big story here at home is fallout from the war in Ukraine as the Madbouly government took quick steps yesterday to shore up our wheat reserves and domestic harvest amid ongoing disruptions in the international market for the grain. What they\u2019re doing: As we report below, the government will buy [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/this-morning-russia-ramps-up-rocket-fire-on-ukrainian-cities-ipo-in-the-cards-for-new-capital-subsidiaries\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-02T04:12:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ent.news\/2020\/1\/Web-view-01.jpg\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/this-morning-russia-ramps-up-rocket-fire-on-ukrainian-cities-ipo-in-the-cards-for-new-capital-subsidiaries\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/this-morning-russia-ramps-up-rocket-fire-on-ukrainian-cities-ipo-in-the-cards-for-new-capital-subsidiaries\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS MORNING: Russia ramps up rocket fire on Ukrainian cities + IPO in the cards for new capital subsidiaries\",\"datePublished\":\"2022-03-02T04:12:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/this-morning-russia-ramps-up-rocket-fire-on-ukrainian-cities-ipo-in-the-cards-for-new-capital-subsidiaries\/\"},\"wordCount\":1499,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/this-morning-russia-ramps-up-rocket-fire-on-ukrainian-cities-ipo-in-the-cards-for-new-capital-subsidiaries\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ent.news\/2020\/1\/Web-view-01.jpg\",\"keywords\":[\"Eastern Company\",\"EnterpriseAM\",\"G7\",\"Joe Biden\",\"OPEC\",\"Russia\",\"Ukraine\",\"war\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/this-morning-russia-ramps-up-rocket-fire-on-ukrainian-cities-ipo-in-the-cards-for-new-capital-subsidiaries\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/this-morning-russia-ramps-up-rocket-fire-on-ukrainian-cities-ipo-in-the-cards-for-new-capital-subsidiaries\/\",\"name\":\"THIS MORNING: Russia ramps up rocket fire on Ukrainian cities + IPO in the cards for new capital subsidiaries - 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runtime 1:47:10) last night, upping previous purchase plans by more than a third as Russia\u2019s invasion of\u2026","rel":"","context":"In &quot;WAR WATCH&quot;","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/16.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544626,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/were-getting-wheat-from-ukraine-russia-and-romania-within-days-and-local-farmers-are-pushing-the-state-to-pay-more-for-the-domestic-harvest\/","url_meta":{"origin":544407,"position":1},"title":"We\u2019re getting wheat from Ukraine, Russia and Romania within days \u2014 and local farmers are pushing the state to pay more for the domestic harvest","author":"enterpriseam admin","date":"14 March 2022","format":false,"excerpt":"Shipments of Black Sea wheat are on their way to Egypt: Several cargoes totaling 189k tonnes of Ukrainian, Russian and Romanian wheat are on their way to Egypt even as the war in Ukraine continues to disrupt commercial shipping in the Black Sea. Egypt will receive 63k tonnes of wheat\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/160.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545267,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/16\/this-evening-egypt-hikes-local-wheat-procurement-prices-to-incentivize-farmers-russia-and-ukraine-inch-closer-to-a-peace-agreement\/","url_meta":{"origin":544407,"position":2},"title":"THIS EVENING: Egypt hikes local wheat procurement prices to incentivize farmers + Russia and Ukraine inch closer to a peace agreement","author":"enterpriseam admin","date":"16 March 2022","format":false,"excerpt":"Happy almost-THURSDAY, wonderful people. We couldn\u2019t be happier that the weekend is within arm\u2019s reach as we sprint through this busy Wednesday afternoon.One data point to take note of before we get into the swing of things: The EGX boasted EGP 2.3 bn in turnover today, a whopping 60.3% above\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544657,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/15\/govt-to-up-local-wheat-prices-and-cut-fertilizer-costs-and-appears-to-be-considering-price-caps-for-unsubsidized-bread\/","url_meta":{"origin":544407,"position":3},"title":"Gov\u2019t to up local wheat prices and cut fertilizer costs \u2014 and appears to be considering price caps for unsubsidized bread","author":"enterpriseam admin","date":"15 March 2022","format":false,"excerpt":"A raft of new wheat-related measures announced by the Madbouly government yesterday aim to bolster the country\u2019s food security in the wake of the Russia-Ukraine war.The Supply Ministry has once again hiked local wheat purchase targets: The government is now aiming to buy more than 6 mn tonnes of domestic\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/182.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547130,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/09\/of-export-bans-and-self-reliance\/","url_meta":{"origin":544407,"position":4},"title":"Of export bans and self reliance","author":"enterpriseam admin","date":"9 June 2022","format":false,"excerpt":"No staple food exports for another three months as we look to raise local harvests: The Trade Ministry has extended by three months its March ban on exports of wheat, flour, corn, lentils, pasta, fava beans, and vegetable oils, the state-owned MENA news agency reports.Exports of any \u201cexcess\u201d supplies of\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/210.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545598,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/our-wheat-reserves-are-dipping-but-finmin-has-lined-up-the-funds-to-buy-big-in-the-local-harvest\/","url_meta":{"origin":544407,"position":5},"title":"Our wheat reserves are dipping \u2014 but FinMin has lined up the funds to buy big in the local harvest","author":"enterpriseam admin","date":"5 April 2022","format":false,"excerpt":"Our strategic wheat reserves have taken a dip: Egypt currently has enough wheat to cover the next 2.6 months\u2019 worth of consumption, cabinet spokesman Nader Saad said in a statement, down from the four-month figure announced by the government in early March.Depleted reserves shouldn\u2019t come as a surprise. Russia\u2019s war\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/128.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544407"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544407\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544405"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544407"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544407"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}