{"id":551160,"date":"2022-05-30T13:10:10","date_gmt":"2022-05-30T13:10:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/this-evening-egypt-and-poland-discuss-trade-in-lng-and-wheat-brent-crude-prices-breaches-the-usd-120-per-barrel-mark\/"},"modified":"2022-05-30T13:10:10","modified_gmt":"2022-05-30T13:10:10","slug":"this-evening-egypt-and-poland-discuss-trade-in-lng-and-wheat-brent-crude-prices-breaches-the-usd-120-per-barrel-mark","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/this-evening-egypt-and-poland-discuss-trade-in-lng-and-wheat-brent-crude-prices-breaches-the-usd-120-per-barrel-mark\/","title":{"rendered":"THIS EVENING: Egypt and Poland discuss trade in LNG and wheat + Brent crude prices breaches the USD 120 per barrel mark"},"content":{"rendered":"<p><strong>Good afternoon, wonderful people, and welcome to another rather busy news day.<\/strong> Today\u2019s news cycle is still dominated by business and economic news, but there\u2019s also a sprinkle of diplomacy and policy to keep us on our toes.<\/p>\n<p><strong>THE BIG STORIES TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>#1- Egypt could export LNG to Poland:<\/strong> Egypt is \u201ca partner of the future\u201d for Poland as the European country looks to diversify its LNG imports, Polish President <a href=\"https:\/\/twitter.com\/prezydentpl\/status\/1531245671784886274\">Andrzej Duda<\/a><a href=\"https:\/\/twitter.com\/prezydentpl\/status\/1531245671784886274\">said<\/a> following a meeting with President Abdel Fattah El Sisi in Cairo today. The two presidents discussed shipping liquefied natural gas from Egypt to \u015awinouj\u015bcie, where Poland plans to expand an existing terminal, the Polish president said on Twitter.<\/p>\n<p><strong>Also on their radar: Getting wheat shipments out of Ukraine.<\/strong> El Sisi and Duda also discussed finding a way to export grain from the war-torn country of Ukraine to Egypt amidst the Russian blockade, according to the <a href=\"https:\/\/notesfrompoland.com\/2022\/05\/30\/polish-president-visits-egypt-hoping-to-unblock-ukrainian-grain-exports\/\">Polish press<\/a>. Duda had said earlier <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7e2d427a-c9ae-4520-a34f-242995583bbb\">this month<\/a> that Poland could help facilitate shipments of Ukrainian wheat to Egypt through Polish seaports.<\/p>\n<p><strong>#2- The FRA wants to more than double EGX market cap by 2026:<\/strong> The Financial Regulatory Authority (FRA) wants to more than double the size of the EGX to EGP 1.6 tn <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/02\/nasr-omran-unveil-new-2018-2022-strategy-for-development-of-non-banking-financial-sector-2\/\">from 2022<\/a> to 2026, the regulator said in its <a href=\"https:\/\/ent.news\/2022\/5\/FRA-Strategy-2022-2026-Print-Final-1.pdf\">2022-2026 strategy (pdf)<\/a>. The bourse\u2019s current total market cap is currently hovering at around EGP 663.54 bn.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Brent crude prices breached the USD 120 per barrel mark as the EU prepares to sign off<\/strong><strong> on a partial embargo on Russian oil imports.<\/strong> The European Council \u201cagrees that the sixth package of sanctions against Russia will cover crude oil, as well as petroleum products, delivered from Russia into Member States, with a temporary exception for crude oil delivered by pipeline,\u201d <a href=\"https:\/\/www.reuters.com\/world\/europe\/eu-summit-agree-sanctions-should-include-russian-oil-embargo-with-pipeline-2022-05-30\/\">Reuters<\/a> reports, citing a draft of the council\u2019s conclusions. The story is also on the front page of the <a href=\"https:\/\/www.ft.com\/content\/e98313fd-a072-40f6-9e1b-4b52a1b1b20c\">Financial Times<\/a> and <a href=\"https:\/\/www.cnbc.com\/2022\/05\/30\/eu-to-discuss-watered-down-oil-embargo-on-russia-as-hungary-holds-firm.html\">CNBC<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Abu Dhabi sovereign wealth fund ADQ <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/248f9feb-5ba0-4777-b6a8-e910c3e8cc67\">will invest USD 10 bn<\/a><\/strong><strong> in industrial projects in Egypt, the UAE and Jordan<\/strong> as part of a partnership signed in Abu Dhabi yesterday to finance large-scale projects in \u201ckey industries\u201d that \u201ccreate jobs, support growth, boost industrial production and increase exports.\u201d<\/li>\n<li><strong>The state <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/330b3729-74cc-48ec-91f5-1d3276107b0f\">plans to sell<\/a><\/strong><strong> a stake in EGX-listed Egypt Aluminum (EgyptAlum) to a \u201cstrategic investor,\u201d<\/strong> Public Enterprises Minister Hisham Tawfik said at a conference yesterday.<\/li>\n<li><strong>It\u2019s official: Eastern Company <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0959c415-48e7-4770-a114-3aed25887651\">will acquire<\/a><\/strong><strong> a quarter of Egypt\u2019s second tobacco manufacturer<\/strong> after the company\u2019s general assembly approved the EGP 100 mn purchase of a 24% stake in Philip Morris\u2019 United Tobacco.<\/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><\/p>\n<p><strong>PSA- Tomorrow is the last day for EGX-listed companies to file their earnings for 1Q2022<\/strong>, after the Financial Regulatory Authority <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce4db9f1-f3dc-4b99-966b-8fd3f4bb5dfc\">granted listed companies<\/a> a two-week deadline extension.<\/p>\n<p><strong>Tomorrow is also the <\/strong><strong><a href=\"https:\/\/itida.gov.eg\/English\/Programs\/Export-IT%20Rebate%20Program%202017\/Pages\/default.aspx\">application deadline<\/a><\/strong><strong> for ITIDA\u2019s annual Export IT program.<\/strong> The program is designed to encourage local IT companies to boost exports while reducing related costs.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>A handful of conferences happening this week:<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.facebook.com\/Moemigegy\/posts\/pfbid024Z27xPXYWTVC1sjCzbUQ4qKX7bWwAg6oyZmpTEuGod2WG9DP5UVXa3gtfqmaAtZAl\">Egypt Can with Industry<\/a><\/strong> wraps tomorrow.<\/li>\n<li><strong>The Islamic Development Bank\u2019s <\/strong><strong><a href=\"https:\/\/www.isdb.org\/news\/the-arab-republic-of-egypt-to-host-2022-annual-meetings-of-islamic-development-bank-group-in-sharm-el-sheikh\">2022 annual meetings<\/a><\/strong> are scheduled for this Wednesday-Saturday, 1-4 June in Sharm El Sheikh. <strong>Enterprise will be attending<\/strong> the annual meetings and bringing you updates from there.<\/li>\n<li><strong>The Islamic Corporation for the Ins. of Investment and Export Credit<\/strong> will hold two <a href=\"https:\/\/bit.ly\/3lB5YHK\">high-level parallel meetings<\/a> on <strong>climate action and digital transformation<\/strong> during IsDB\u2019s annual meetings.<\/li>\n<\/ul>\n<p><strong>The Greek Campus is holding a workshop this Wednesday, 1 June titled \u2018<\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/workshop-transitioning-to-e-mo\/373579474798476\/\">Transitioning to<\/a><\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/workshop-transitioning-to-e-mo\/373579474798476\/\">E-Mobility<\/a><\/strong><strong>\u2019 <\/strong>which will look at the growing electric vehicle industry in Egypt and worldwide and why the shift to EVs is beneficial to everyone. The workshop will run from 6-9pm and will be led by local EV marketplace <a href=\"https:\/\/www.electrifiedev.com\">electrified<\/a> co-founders Ayman Mohamed and Ahmed El Hosseny.<\/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 39\u00b0C tomorrow and a nighttime low of 20\u00b0C in what seems like it may be the beginning of the summer heat, our favorite weather app tells us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, wonderful people, and welcome to another rather busy news day. Today\u2019s news cycle is still dominated by business and economic news, but there\u2019s also a sprinkle of diplomacy and policy to keep us on our toes. THE BIG STORIES TODAY #1- Egypt could export LNG to Poland: Egypt is \u201ca partner of the [&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":[96,317,633,1243,1095,634,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551160","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-abdel-fattah-el-sisi","tag-commodities","tag-enterprisepm","tag-poland","tag-russia-ukraine-war","tag-what-were-tracking-tonight","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"78bf6e34-2220-498f-992d-08fb004b2ec8","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[551158],"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 and Poland discuss trade in LNG and wheat + Brent crude prices breaches the USD 120 per barrel mark - 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\/30\/this-evening-egypt-and-poland-discuss-trade-in-lng-and-wheat-brent-crude-prices-breaches-the-usd-120-per-barrel-mark\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Egypt and Poland discuss trade in LNG and wheat + Brent crude prices breaches the USD 120 per barrel mark\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, wonderful people, and welcome to another rather busy news day. 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Reports ahead of the visit had suggested the two sides would discuss ways\u2026","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/414.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544901,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/27\/el-sisi-holds-talks-with-zelensky\/","url_meta":{"origin":551160,"position":1},"title":"El Sisi holds talks with Zelensky","author":"enterpriseam admin","date":"27 March 2022","format":false,"excerpt":"El Sisi calls for diplomatic solution to the war in Ukraine in call with Zelensky: President Abdel Fattah El Sisi received a phone call from his Ukrainian counterpart Volodymyr Zelensky on Thursday, according to an Ittihadiya statement, marking the first time the two leaders have spoken since Russia invaded Ukraine\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649837,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/09\/direct-flights-from-warsaw-to-sharm-in-april\/","url_meta":{"origin":551160,"position":2},"title":"Direct flights from Warsaw to Sharm in April","author":"enterpriseam admin","date":"9 March 2017","format":false,"excerpt":"Direct flights from Warsaw to Sharm El Sheikh, Hurghada, Gouna, Safaga, and Marsa Alam are set to begin at around April, said Egypt\u2019s ambassador to Poland Hussam El Qawish. Charter flights between Warsaw and Hurghada, Marsa Alam, and Safaga are also set to increase from four weekly flights to 12\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623234,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/23\/21-new-ambassadors-to-egypt-present-credentials-to-el-sisi\/","url_meta":{"origin":551160,"position":3},"title":"21 new ambassadors to Egypt present credentials to El Sisi","author":"enterpriseam admin","date":"23 October 2018","format":false,"excerpt":"** #5 President Abdel Fattah El Sisi received yesterday the diplomatic credentials of 21 new ambassadors to Egypt, according to an Ittihadiya statement. Among those presenting credentials: Afghanistan \u2013 Mohammed MohheqBenin \u2013 Orou SegoBrunei \u2013 Pengiran Haji MustaphaDenmark \u2013 Tomas ChristensenDominican Republic \u2013 Aquiles LedesmaEthiopia \u2013 Aznaw AbrehaIndia \u2013 Rahul\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603108,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/diplomacy-and-foreign-trade-on-15-april-2019\/","url_meta":{"origin":551160,"position":4},"title":"Diplomacy and foreign trade on 15 April 2019","author":"enterpriseam admin","date":"15 April 2019","format":false,"excerpt":"President Abdel Fattah El Sisi met yesterday with Libyan military commander Gen. Khalifa Haftar to discuss the current situation in Libya and Egypt\u2019s support for a united Libya, according to an Ittihadiya statement. Haftar commands the Libyan National Army (LNA), which controls the east of the country and recently launched\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","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":551160,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551160","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=551160"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551160\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/551158"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=551160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=551160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=551160"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=551160"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=551160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}