{"id":547106,"date":"2022-06-08T04:21:08","date_gmt":"2022-06-08T04:21:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/egypt-in-the-news-bread-and-balance-sheets\/"},"modified":"2022-06-08T04:21:08","modified_gmt":"2022-06-08T04:21:08","slug":"egypt-in-the-news-bread-and-balance-sheets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/egypt-in-the-news-bread-and-balance-sheets\/","title":{"rendered":"Egypt in the News: Bread and balance sheets"},"content":{"rendered":"<p><strong>It\u2019s an econ-heavy morning in the foreign press:<\/strong> The <a href=\"https:\/\/www.ft.com\/content\/c5ba4b7d-76d7-42c6-aff3-8b6d5bf2e3b2\">Financial Times<\/a> and China\u2019s <a href=\"https:\/\/news.cgtn.com\/news\/2022-06-07\/Egypt-put-on-the-verge-of-a-food-crisis-1aFzHHopbtS\/index.html\">CGTN<\/a> both look at Egypt\u2019s efforts to increase its supply of local wheat. Meanwhile, Goldman Sachs MENA research analyst Farouk Soussa talks to Bloomberg\u2019s Manus Cranny about his predictions for the EGP, interest rates and inflation (<a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2022-06-07\/egypt-s-reserves-dip-on-debt-payment-video\">watch, runtime: 5:25<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s an econ-heavy morning in the foreign press: The Financial Times and China\u2019s CGTN both look at Egypt\u2019s efforts to increase its supply of local wheat. Meanwhile, Goldman Sachs MENA research analyst Farouk Soussa talks to Bloomberg\u2019s Manus Cranny about his predictions for the EGP, interest rates and inflation (watch, runtime: 5:25).<\/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":[7233],"tags":[72,182,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547106","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-enterpriseam","tag-inflation","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"8146f692-cb38-4342-b26b-45b111cef95c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[547081],"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>Egypt in the News: Bread and balance sheets - 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\/06\/08\/egypt-in-the-news-bread-and-balance-sheets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt in the News: Bread and balance sheets\" \/>\n<meta property=\"og:description\" content=\"It\u2019s an econ-heavy morning in the foreign press: The Financial Times and China\u2019s CGTN both look at Egypt\u2019s efforts to increase its supply of local wheat. Meanwhile, Goldman Sachs MENA research analyst Farouk Soussa talks to Bloomberg\u2019s Manus Cranny about his predictions for the EGP, interest rates and inflation (watch, runtime: 5:25).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/egypt-in-the-news-bread-and-balance-sheets\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-08T04:21:08+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/egypt-in-the-news-bread-and-balance-sheets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/egypt-in-the-news-bread-and-balance-sheets\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt in the News: Bread and balance sheets\",\"datePublished\":\"2022-06-08T04:21:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/egypt-in-the-news-bread-and-balance-sheets\/\"},\"wordCount\":63,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"inflation\",\"wheat\"],\"articleSection\":[\"EGYPT IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/egypt-in-the-news-bread-and-balance-sheets\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/egypt-in-the-news-bread-and-balance-sheets\/\",\"name\":\"Egypt in the News: Bread and balance sheets - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-06-08T04:21:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/egypt-in-the-news-bread-and-balance-sheets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/egypt-in-the-news-bread-and-balance-sheets\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/egypt-in-the-news-bread-and-balance-sheets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt in the News: Bread and balance sheets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egypt in the News: Bread and balance sheets - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/egypt-in-the-news-bread-and-balance-sheets\/","og_locale":"en_US","og_type":"article","og_title":"Egypt in the News: Bread and balance sheets","og_description":"It\u2019s an econ-heavy morning in the foreign press: The Financial Times and China\u2019s CGTN both look at Egypt\u2019s efforts to increase its supply of local wheat. 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The General Authority for Supply Commodities (GASC) yesterday purchased 180k tonnes 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\/2021\/11\/284.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543949,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/27\/fresh-wheat-tender-on-monday-after-war-breaks-out-between-top-suppliers-russia-ukraine\/","url_meta":{"origin":547106,"position":1},"title":"Fresh wheat tender on Monday after war breaks out between top suppliers Russia + Ukraine","author":"enterpriseam admin","date":"27 February 2022","format":false,"excerpt":"State grain buyer issues fresh wheat tender as war in Ukraine threatens supply: State grain buyer GASC will look to buy 55-60k tonnes of wheat in an international tender tomorrow, according to the authority\u2019s website.The bid comes days after GASC called off a wheat tender due to a lack 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\/2\/368.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559656,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/looking-to-the-west-for-wheat\/","url_meta":{"origin":547106,"position":2},"title":"Looking to the west for wheat?","author":"enterpriseam admin","date":"31 January 2021","format":false,"excerpt":"Could Egypt be turning to Canada and the US for more of its wheat? Russia\u2019s new wheat-export restrictions that come into effect mid-February will likely spark demand for Canadian and US grain, Bloomberg writes. In a bid to cool domestic food inflation, the world\u2019s largest wheat shipper imposed strict export\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544672,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/15\/can-china-be-egypts-wheat-provider-of-last-resort\/","url_meta":{"origin":547106,"position":3},"title":"Can China be Egypt\u2019s wheat provider of last resort?","author":"enterpriseam admin","date":"15 March 2022","format":false,"excerpt":"Bread prices continue to get attention in the foreign press this morning: In a Bloomberg opinion piece, David Fickling suggests that China may be able to step in and fill the Ukraine \/ Russia-shaped hole in Egypt\u2019s wheat supply. Beijing has amassed half of the world\u2019s wheat reserves, enough to\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565003,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/11\/heavy-decision-weighing-on-the-cbe-next-week\/","url_meta":{"origin":547106,"position":4},"title":"Heavy decision weighing on the CBE next week","author":"enterpriseam admin","date":"11 March 2021","format":false,"excerpt":"Bloomberg thinks Egypt could be among the biggest losers from a commodities supercycle. \u201cAs the world\u2019s biggest buyer of wheat and a net oil importer, Egypt suffers badly whenever commodity prices pick up,\u201d writes Paul Wallace. Paying more for key imports puts pressure on the EGP and turbo-charges inflation.But does\u2026","rel":"","context":"In &quot;PARTING SHOT&quot;","block_context":{"text":"PARTING SHOT","link":"https:\/\/enterpriseam.com\/egypt\/category\/parting-shot\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/452.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":606832,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/21\/this-evening-govt-is-in-talks-for-more-uae-financing-for-wheat-imports-its-interest-rate-day\/","url_meta":{"origin":547106,"position":5},"title":"THIS EVENING: Gov\u2019t is in talks for more UAE financing for wheat imports + It\u2019s interest rate day","author":"enterpriseam admin","date":"21 September 2023","format":false,"excerpt":"Good afternoon, wonderful people, and a very, very happy THURSDAY. We\u2019re rounding out what has been an eventful week for us here at Enterprise with a relatively calm news day (although those tides may change course later in the evening). THE BIG STORIES TODAY Are we looking for more UAE\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\/2022\/4\/518.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\/547106","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=547106"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547106\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547081"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547106"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547106"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}