{"id":550972,"date":"2022-05-17T13:17:10","date_gmt":"2022-05-17T13:17:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/this-evening-egypt-is-getting-a-61-5k-ton-wheat-shipment-from-india-el-said-discusses-sustainable-development-strategy-for-coming-fiscal-year\/"},"modified":"2022-05-17T13:17:10","modified_gmt":"2022-05-17T13:17:10","slug":"this-evening-egypt-is-getting-a-61-5k-ton-wheat-shipment-from-india-el-said-discusses-sustainable-development-strategy-for-coming-fiscal-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/this-evening-egypt-is-getting-a-61-5k-ton-wheat-shipment-from-india-el-said-discusses-sustainable-development-strategy-for-coming-fiscal-year\/","title":{"rendered":"THIS EVENING: Egypt is getting a 61.5k-ton wheat shipment from India + El Said discusses sustainable development strategy for coming fiscal year"},"content":{"rendered":"<p><strong>Hump day is holding on to its title as news dump day<\/strong>, ladies and gentlemen, bringing us a rather busy Tuesday afternoon.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>India has approved a 61.5k-ton wheat shipment to Egypt following a request from<\/strong><strong> the Egyptian government<\/strong>, India\u2019s Commerce Ministry said in <a href=\"https:\/\/pib.gov.in\/PressReleseDetail.aspx?PRID=1825991\">a statement<\/a> that details relaxed measures to help soften the blow of its wheat export ban. The shipment is currently being loaded at India\u2019s Kandla Port, the ministry said. It is unclear whether this is the same <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/90d1ad70-45bd-4d6a-b57f-c43c3433bf2f\">55k-ton shipment<\/a> that we had approved from India earlier, and which had already passed the inspection of Egyptian officials. The country also cleared all shipments of wheat that were with customs as of 13 May or earlier, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-17\/india-announces-some-relaxation-of-wheat-export-restrictions?srnd=premium-middle-east\">Bloomberg<\/a> writes.<\/p>\n<p><strong>^^We\u2019ll have more<\/strong> on this story and others in tomorrow\u2019s edition of <strong>EnterpriseAM<\/strong>.<\/p>\n<p><strong>THE BIG STORIES ABROAD<\/strong><\/p>\n<ul>\n<li><strong>Human bot Elon Musk launched into a Twitter tirade <\/strong><strong><a href=\"https:\/\/twitter.com\/elonmusk\/status\/1526465624326782976\">today<\/a><\/strong><strong>, insisting Twitter must <\/strong><strong>prove that bots make up less than 5% of total accounts<\/strong> for his USD 44 bn acquisition bid to proceed. It\u2019s worth noting that the bid offer (his latest self-inflicted L) came as the value of equities have been slipping since the Fed is halting its stimulus. Bloomberg has the story <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-17\/elon-musk-says-twitter-must-prove-bot-claims-for-deal-to-proceed?srnd=premium-middle-east\">here<\/a>.<\/li>\n<li><strong>Ukraine has ceded control of Mariupol<\/strong>, a strategic port city that has been under siege for weeks, to Russian forces today. (<a href=\"https:\/\/www.reuters.com\/world\/europe\/ukrainian-troops-evacuate-mariupol-ceding-control-russia-2022-05-17\/\">Reuters<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/ukraine-says-long-combat-mission-in-mariupol-has-ended-11652767128?mod=hp_lead_pos7\">WSJ<\/a> | <a href=\"https:\/\/www.nytimes.com\/live\/2022\/05\/17\/world\/russia-ukraine-war-news\">NYT<\/a>)<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>HAPPENING NOW-<\/strong><\/p>\n<p><strong>Planning Minister Hala El Said is discussing the government\u2019s sustainable development<\/strong><strong> strategy<\/strong> for <a href=\"https:\/\/ent.news\/2022\/5\/%D8%A8%D9%8A%D8%A7%D9%86-%D9%85%D8%B4%D8%B1%D8%B9-%D8%AE%D8%B7%D8%A9-%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AF%D8%A7%D9%85%D8%A9-2022-2023-1-2.pdf\">FY 2022-2023 (pdf)<\/a> at the House Planning and Budget Committee, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/405113448325748\">statement<\/a>. We have a <a href=\"https:\/\/enterprise.press\/blackboards\/breaking-governments-education-spending-plans-fy-2022-2023\/\">breakdown of what the strategy entails<\/a> for the education sector in the upcoming fiscal year in our latest edition of Blackboard.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Gov\u2019t lowers economic growth target for next fiscal year:<\/strong> The Madbouly government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8333c14-37f1-4063-91f9-23559eccddbd\">has cut<\/a> its 2022-2023 growth forecast to 4.5% from <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69470760-13ca-4936-83f2-59c11fea41f7\">5.5%<\/a>.<\/li>\n<li><strong>Qalaa Holdings\u2019 Taqa Arabia <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6a5bcab6-a4f7-471b-a2c7-aa8e91b71f82\">has acquired<\/a><\/strong> the LNG arm of local energy firm <strong><a href=\"https:\/\/www.rosetta-energy.com\/\">Rosetta Energy<\/a><\/strong>.<\/li>\n<li><strong>Israel <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/50c01497-a96f-4e31-b1de-5ff888638a41\">hopes to sign agreements<\/a><\/strong><strong> to up its gas supply to Europe \u201cin the coming months,\u201d<\/strong> and Egypt could be key to the plans, since the quickest route to get Israeli gas to Europe is by shipping it to our liquefaction facilities for re-export.<\/li>\n<\/ul>\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>FOR TOMORROW-<\/strong> <strong>Need to get your head around the new e-receipt system? <\/strong>Lynx Strategic Business Advisors are following up their recent webinar on e-invoicing with a session introducing the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6deafdd9-17f0-427d-8b0d-8d2afa71e220\">Finance Ministry\u2019s new e-receipt system<\/a>, which is set to officially roll out on 1 July. The webinar will feature FinMin tax development advisor Yasser Taymour, as well as reps from Talabat, Jumia, Yoco, and the World Bank. It takes place tomorrow (Wednesday, 18 May) from 12:00-1:30pm CLT. Register <a href=\"https:\/\/us06web.zoom.us\/webinar\/register\/WN_inx2czHRSL-yHqfPUINunw\">here<\/a>.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>It\u2019s interest rate week here at home:<\/strong> The Central Bank of Egypt will likely raise interest rates when it meets this Thursday, according to a near consensus of analysts and economists<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df66965c-f7ca-459c-b270-c296532a1a9b\"><\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/df66965c-f7ca-459c-b270-c296532a1a9b\">we surveyed<\/a> last week. Six of the seven respondents see the Monetary Policy Committee going ahead with a rate hike to combat inflation and stem portfolio outflows, with five forecasting rates to rise by up to 200 bps.<\/p>\n<p><strong>The Islamic Development Bank will hold its 2022 annual meetings in Sharm El Sheikh<\/strong><strong> from 1-4 June<\/strong> under the slogan \u201cpost-pandemic recovery: resilience and sustainability,\u201d according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0jvihLteLq8b9ZARt5hJAEhitjqAqsUdj9gAcRJ9xz8m6aPvGvjcAtCR3WmRWc8fEl?__cft__[0]=AZXZssTR1icXqmubKE_PPiV6lREUubQEuMRA3DMjPGWqUbg2ja-RcHKzFB1Af25iQQZkznkM0N16YdKIQEqSCkx0SN1scmJtgoH1nDgbK_2V6updeZ5WJoV-4hua411FMTk0NjP1vA_9uNe0cipuIez3&__tn__=%2CO%2CP-R\">statement<\/a> from the Planning Ministry. Several Egyptian ministries and representatives from the bank\u2019s 57 member countries and other financial institutions are set to attend the meetings.<\/p>\n<p><strong>Venture capital 101:<\/strong> The Egyptian Private Equity Association (EPEA) is hosting a paid crash course in all things venture capital at the Zamalek Marriott on 21-23 May. Led by Avanz Capital Egypt MD Hany Assaad, the three-day course will cover everything you need to know about Planet VC, from fund structures and portfolio-building to due diligence and valuations.<\/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>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a daytime high of 36\u00b0C tomorrow in the capital city before the mercury falls to 20\u00b0C at night, our favorite weather app tells us.<\/p>\n<div class=\"stand-out\">\n<p><strong>***<\/strong><br \/> <strong>WE\u2019RE LOOKING FOR SMART, TALENTED PEOPLE to help us build some very cool new things<\/strong>. Today, we run two daily publications, five weekly industry verticals, and a monthly newsletter designed to make our readers feel just a bit smarter.<\/p>\n<p><strong>We have tons more in the pipeline \u2014 come help us build new publications<\/strong>. We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: To create value for our growing community of 200k readers by telling stories that matter.<\/p>\n<p>We\u2019re looking for <strong>editors<\/strong> who want to run publications and teams, editors to help reporters craft stories and talented <strong>reporters<\/strong>. Egyptian and foreign nationals alike are welcome to apply. So are job-switchers: If you\u2019re an equities analyst tired of the rat race, we\u2019re a great place to come work.<\/p>\n<p><strong>Apply directly to jobs@enterprisemea.com and mention Patrick in your subject line.<\/strong><\/p>\n<p><a href=\"https:\/\/enterprise.press\/2022\/04\/28\/come-work-us-hiring-reporters-editors-new-existing-products\/\">Or hit this link for more information.<\/a> It\u2019s worth it \u2014 trust us.<br \/> <strong>***<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hump day is holding on to its title as news dump day, ladies and gentlemen, bringing us a rather busy Tuesday afternoon. THE BIG STORY TODAY India has approved a 61.5k-ton wheat shipment to Egypt following a request from the Egyptian government, India\u2019s Commerce Ministry said in a statement that details relaxed measures to help [&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":[7213],"tags":[633,313,727,1404,305,2767,1137,218,634,563,2766],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550972","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-finland","tag-hala-el-said","tag-india","tag-nato","tag-sustainable-development-strategy","tag-sweden","tag-turkey","tag-what-were-tracking-tonight","tag-wheat","tag-wheat-export-ban","wpautop","entry"],"acf":{"mongo_id":"63dcbceb-a916-4cb2-bab6-4162109bd215","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[550970],"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 EVENING: Egypt is getting a 61.5k-ton wheat shipment from India + El Said discusses sustainable development strategy for coming fiscal year - 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\/05\/17\/this-evening-egypt-is-getting-a-61-5k-ton-wheat-shipment-from-india-el-said-discusses-sustainable-development-strategy-for-coming-fiscal-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Egypt is getting a 61.5k-ton wheat shipment from India + El Said discusses sustainable development strategy for coming fiscal year\" \/>\n<meta property=\"og:description\" content=\"Hump day is holding on to its title as news dump day, ladies and gentlemen, bringing us a rather busy Tuesday afternoon. 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All shipments registered with customs before 14 May\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\/5\/231.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546928,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/we-just-bought-a-lot-of-wheat\/","url_meta":{"origin":550972,"position":1},"title":"We just bought a lot of wheat","author":"enterpriseam admin","date":"2 June 2022","format":false,"excerpt":"State grain buyer GASC has purchased 465k tons of wheat for shipment in July and August in a fresh international tender, Reuters reported yesterday.The breakdown: The order by the General Authority for Supply Commodities includes 240k tons of Romanian wheat, 175k tons of Russian wheat and 50k tons of Bulgarian\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\/107.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546972,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/05\/food-for-fertilizer-swap-with-india\/","url_meta":{"origin":550972,"position":2},"title":"Food-for-fertilizer swap with India?","author":"enterpriseam admin","date":"5 June 2022","format":false,"excerpt":"Egypt is in talks to export fertilizer and other products to India in exchange for the 500ktons of Indian wheat we\u2019ve been hoping to secure, Supply Minister Ali El Moselhy told Bloomberg. The minister discussed the potential arrangement with the Indian ambassador to Egypt last week, he told the business\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\/132.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546573,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/22\/poland-offers-to-transport-our-ukrainian-wheat-shipments-via-rail\/","url_meta":{"origin":550972,"position":3},"title":"Poland offers to transport our Ukrainian wheat shipments via rail","author":"enterpriseam admin","date":"22 May 2022","format":false,"excerpt":"Ukraine has offered to send Egypt wheat cargoes through Poland via rail, state news agency MENA quoted Supply Minister Ali El Moselhy as saying on Thursday. Some 300k tons of wheat booked for February and March delivery for Egypt are currently stranded in Ukrainian ports due to Russia\u2019s blockade 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\/5\/275.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546380,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/india-bans-wheat-exports-to-all-except-vulnerable-countries\/","url_meta":{"origin":550972,"position":4},"title":"India bans wheat exports to all except \u201cvulnerable countries\u201d","author":"enterpriseam admin","date":"15 May 2022","format":false,"excerpt":"India has joined the growing wave of food protectionism and banned wheat exports amid surging local prices and a severe heatwave that is threatening to hit production. The government announced (pdf) on Friday that it is prohibiting the export of wheat to \u201cmanage the overall food security of the country\u201d\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\/5\/176.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546053,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/our-first-shipment-of-indian-wheat-sets-sail-soon\/","url_meta":{"origin":550972,"position":5},"title":"Our first shipment of Indian wheat sets sail soon","author":"enterpriseam admin","date":"26 April 2022","format":false,"excerpt":"We\u2019re getting our first shipment of Indian wheat soon: Around 55k tonnes of Indian wheat will be loaded from India\u2019s Kandla Port for shipment to Egypt on Friday, Argus Media reports, citing line-up data. 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