{"id":548009,"date":"2022-07-21T04:00:24","date_gmt":"2022-07-21T04:00:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/21\/gasc-in-talks-for-new-wheat-buy-the-cairo-hotel-market-rebounds-in-2022\/"},"modified":"2022-07-21T04:00:24","modified_gmt":"2022-07-21T04:00:24","slug":"gasc-in-talks-for-new-wheat-buy-the-cairo-hotel-market-rebounds-in-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/21\/gasc-in-talks-for-new-wheat-buy-the-cairo-hotel-market-rebounds-in-2022\/","title":{"rendered":"GASC in talks for new wheat buy + the Cairo hotel market rebounds in 2022"},"content":{"rendered":"<p><strong>GASC is in direct talks with 14 wheat suppliers to buy an undisclosed amount of wheat<\/strong>, traders tell <a href=\"https:\/\/www.nasdaq.com\/articles\/egypt-in-wheat-purchase-talks-with-14-companies-traders-say\">Reuters<\/a>. The state grains buyer is yet to make a purchase and negotiations are ongoing, they said.<\/p>\n<p><strong>GASC launched a new tender yesterday<\/strong> after <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d278241a-bb02-4e38-a1b6-c6f9e9e2bee5\">canceling one on Tuesday<\/a> due to high prices, and called for offers from all 17 accredited import origins. Suppliers were asked to submit bids on a cost and freight basis (CFR) for shipment between September and November.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Cairo's hotels are filling up again:<\/strong> Cairo's hotel occupancy rates were up to 60% during the first five months of 2022, nearly doubling y-o-y, according to <a href=\"https:\/\/ent.news\/2022\/7\/JLL_Cairos-hotel-sector-on-an-upward-trajectory-in-the-second-quarter-EN-20-Jul-22.docx.pdf\">a report (pdf)<\/a> from real estate services firm JLL.<\/li>\n<li>Fintech player <strong><a href=\"https:\/\/luckyegypt.com\/ar\">Lucky<\/a><\/strong> has partnered with B2B marketplace <strong><a href=\"https:\/\/capiter.net\/\">Capiter<\/a><\/strong> to provide its customers with special offers, including using the Lucky One card without charge. (<a href=\"https:\/\/ent.news\/2022\/7\/Capiter-X-Lucky-EN-PRL-Final.pdf\">Statement, pdf<\/a>)<\/li>\n<li><strong>Switzerland<\/strong> will provide Egypt with a<strong> grant worth CHF 9.3 mn<\/strong> (EGP 181.9 mn) for a <strong>water project<\/strong> in Aswan. (<a href=\"https:\/\/www.maspero.eg\/wps\/portal\/home\/egynews\/news\/egypt\/details\/97155711-cd2a-454e-8777-1174e0fc2404\/\">MENA<\/a>)<\/li>\n<li><strong>Hot air balloons can fly again in Luxor <\/strong>after a two-day suspension to investigate a collision earlier this week that lightly injured two tourists. (<a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/1\/1238\/471814\/Egypt\/Tourism\/Hot-air-balloon-trips-resume-in-Luxor-after-twoday.aspx\">Ahram Online<\/a>)<\/li>\n<li><strong><a href=\"https:\/\/egaad.net\/\">Egyptian African Arab Co. for Development<\/a><\/strong><strong> (EGAAD)<\/strong> \u2014 a consortium of 22 Egyptian contracting companies \u2014 will build a <strong>food factory <\/strong>over the next two years in <strong>C\u00f4te d\u2019Ivoire<\/strong>. (<a href=\"https:\/\/bit.ly\/3vpjPGL\">Al Mal<\/a>) <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>GASC is in direct talks with 14 wheat suppliers to buy an undisclosed amount of wheat, traders tell Reuters. The state grains buyer is yet to make a purchase and negotiations are ongoing, they said. GASC launched a new tender yesterday after canceling one on Tuesday due to high prices, and called for offers from [&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":[7209],"tags":[111,1321,317,2086,72,183,550,955,131,238,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548009","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-capiter","tag-commodities","tag-egaad","tag-enterpriseam","tag-fintech","tag-gasc","tag-hospitality","tag-manufacturing","tag-tourism","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"92f5c924-17fa-4ed8-bead-874cf6c06547","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[547983],"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>GASC in talks for new wheat buy + the Cairo hotel market rebounds in 2022 - 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\/07\/21\/gasc-in-talks-for-new-wheat-buy-the-cairo-hotel-market-rebounds-in-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GASC in talks for new wheat buy + the Cairo hotel market rebounds in 2022\" \/>\n<meta property=\"og:description\" content=\"GASC is in direct talks with 14 wheat suppliers to buy an undisclosed amount of wheat, traders tell Reuters. 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The move comes as GASC pivots from public tenders to direct\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577323,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/gasc-buys-300k-tons-of-russian-wheat-in-direct-purchase-say-traders\/","url_meta":{"origin":548009,"position":1},"title":"GASC buys 300k tons of Russian wheat in direct purchase, say traders","author":"enterpriseam admin","date":"17 November 2022","format":false,"excerpt":"Egypt\u2019s state grains buyer yesterday bought 300k tons of Russian wheat direct from suppliers, traders told Reuters. GASC last week ordered 280k tons of Russian wheat after it canceled a tender earlier this month due to high prices.Another tragic road accident: Fourteen people died when a minibus collided with a\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547740,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/gasc-could-purchase-wheat-directly-from-suppliers\/","url_meta":{"origin":548009,"position":2},"title":"GASC could purchase wheat directly from suppliers","author":"enterpriseam admin","date":"5 July 2022","format":false,"excerpt":"Egypt is lining up its next wheat buy \u2014 this time sans tender? GASC is looking to purchase wheat directly from commodity traders outside the normal tender process, Reuters and Bloomberg reported yesterday, citing traders. The state grain buyer yesterday invited offers from the trading houses for an undisclosed amount\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\/7\/116.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547861,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/another-direct-wheat-purchase\/","url_meta":{"origin":548009,"position":3},"title":"Another direct wheat purchase?","author":"enterpriseam admin","date":"17 July 2022","format":false,"excerpt":"GASC bought 63k tons of German wheat directly from suppliers on 5 July, Reuters reported Thursday, citing anonymous sources. This is the same day that the state grain buyer was reported to have purchased 444k tons of Russian, French and Romanian wheat without issuing an international tender. The authority typically\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548846,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/24\/egypt-just-secured-240k-tons-of-russian-wheat\/","url_meta":{"origin":548009,"position":4},"title":"Egypt just secured 240k tons of Russian wheat","author":"enterpriseam admin","date":"24 August 2022","format":false,"excerpt":"State grains buyer GASC has bought 240k tons of Russian wheat directly from suppliers for delivery in September, October and November, the Supply Ministry said in a statement yesterday. The authority purchased six 40k-ton cargos of grain for USD 368 a ton on a cost and freight basis (CFR) via\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\/8\/372.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547784,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/06\/egypt-buys-444k-tons-of-wheat-directly-from-traders\/","url_meta":{"origin":548009,"position":5},"title":"Egypt buys 444k tons of wheat directly from traders","author":"enterpriseam admin","date":"6 July 2022","format":false,"excerpt":"Another big wheat buy: Egypt purchased 444k tons of Russian, French and Romanian wheat directly from traders yesterday, traders said. State grains buyer GASC paid USD 416 a ton on a cost and freight basis (CFR), they said.The breakdown: GASC reportedly bought 214k tons of Russian wheat, 170k tons 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\/7\/139.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\/548009","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=548009"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548009\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547983"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548009"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548009"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}