{"id":622814,"date":"2018-10-14T04:22:53","date_gmt":"2018-10-14T04:22:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-advanced-talks-over-wheat-hedging-contracts\/"},"modified":"2018-10-14T04:22:53","modified_gmt":"2018-10-14T04:22:53","slug":"egypt-in-advanced-talks-over-wheat-hedging-contracts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-advanced-talks-over-wheat-hedging-contracts\/","title":{"rendered":"Egypt in advanced talks over wheat hedging contracts"},"content":{"rendered":"

EXCLUSIVE- Egypt in advanced talks on wheat hedge: <\/strong>Egypt is currently in \u201cserious\u201d negotiations with the National Bank of Abu Dhabi (NBAD) and a leading Kuwaiti lender about a wheat hedge that would insulate the treasury from fluctuations in global prices, a top aide to Supply Minister Ibrahim El Ashmawy told Enterprise. The aide declined to name the Kuwaiti bank, but suggested the wheat hedge could be a trial balloon for a wider program to hedge against rises the prices of key commodities Egypt imports. The news comes as the Finance Ministry is reportedly mulling a fuel hedge<\/a>, although remarks by Finance Minister Mohamed Maait last week that downplayed the budgetary impact of the rising price of oil<\/a> suggest that could be on the back burner for now.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Egypt in advanced talks on wheat hedge: Egypt is currently in \u201cserious\u201d negotiations with the National Bank of Abu Dhabi (NBAD) and a leading Kuwaiti lender about a wheat hedge that would insulate the treasury from fluctuations in global prices, a top aide to Supply Minister Ibrahim El Ashmawy told Enterprise. The aide declined […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622814","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0a144308-d32c-49c6-a2cd-67990299dd10","order":"0","is_powered_by":true,"section_story_id":"5cd808a9-7750-4e25-a09b-e8f1e1c7ac8b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622804],"teaser":"","voice_url":""},"yoast_head":"\nEgypt in advanced talks over wheat hedging contracts - 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\/2018\/10\/14\/egypt-in-advanced-talks-over-wheat-hedging-contracts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt in advanced talks over wheat hedging contracts\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Egypt in advanced talks on wheat hedge: Egypt is currently in \u201cserious\u201d negotiations with the National Bank of Abu Dhabi (NBAD) and a leading Kuwaiti lender about a wheat hedge that would insulate the treasury from fluctuations in global prices, a top aide to Supply Minister Ibrahim El Ashmawy told Enterprise. The aide declined […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-advanced-talks-over-wheat-hedging-contracts\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-14T04:22:53+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-advanced-talks-over-wheat-hedging-contracts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-advanced-talks-over-wheat-hedging-contracts\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt in advanced talks over wheat hedging contracts\",\"datePublished\":\"2018-10-14T04:22:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-advanced-talks-over-wheat-hedging-contracts\/\"},\"wordCount\":136,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-advanced-talks-over-wheat-hedging-contracts\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/egypt-in-advanced-talks-over-wheat-hedging-contracts\/\",\"name\":\"Egypt in advanced talks over wheat hedging contracts - 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Egypt\u2019s talks with international banks about a potential hedge against volatility in global wheat prices are not that advanced and remain \u201cin the early stages,\u201d an unnamed government source said yesterday, Reuters reports. The source downplayed the progress the government\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624378,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/govt-is-in-talks-with-at-least-one-bank-about-potential-wheat-hedging\/","url_meta":{"origin":622814,"position":1},"title":"Gov\u2019t is in talks with \u201cat least\u201d one bank about potential wheat hedging","author":"enterpriseam admin","date":"6 September 2018","format":false,"excerpt":"The government is already in talks with \u201cat least\u201d one bank over its planned wheat hedging program, an unnamed government official tells Bloomberg. According to the source, the plan to hedge against volatile global wheat prices is still \u201cin the early stages,\u201d but the news information service notes that introducing\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599001,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/16\/egypt-looking-at-usd-65-70-bbl-in-fuel-hedge-set-to-take-effect-in-july\/","url_meta":{"origin":622814,"position":2},"title":"Egypt looking at USD 65-70\/bbl in fuel hedge set to take effect in July","author":"enterpriseam admin","date":"16 June 2019","format":false,"excerpt":"Gov\u2019t looking at USD 65-70\/bbl in fuel hedge contracts set to take effect in July: The finance and oil ministries have started renegotiating the USD 70\/bbl price they had agreed on under fuel hedging contracts set to take effect next month, a government source told the local press. The government\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/104.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600633,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/05\/egypt-could-hedge-against-strategic-commodity-prices-in-fy2019-20\/","url_meta":{"origin":622814,"position":3},"title":"Egypt could hedge against strategic commodity prices in FY2019-20","author":"enterpriseam admin","date":"5 February 2019","format":false,"excerpt":"EXCLUSIVE- Egypt is mulling whether to hedge against rising prices of strategic commodities starting July, a senior government official told Enterprise. The government in talks with international banks to hedge against volatility in the prices of strategic imports including petroleum and wheat, starting from the coming fiscal year. Exact plans\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596528,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypt-plans-fuel-hedging-for-fy2019-2020-confirms-hedging-took-place-in-fy2018-19\/","url_meta":{"origin":622814,"position":4},"title":"Egypt plans fuel hedging for FY2019-2020, confirms hedging took place in FY2018-19","author":"enterpriseam admin","date":"1 July 2019","format":false,"excerpt":"Government plans fuel hedging for FY2019-2020, confirms hedging took place in FY2018-2019: Egypt is planning to hedge against rising oil prices for the second year in a row, Finance Minister Mohamed Maait said in an interview last week, Bloomberg reports. This comes two weeks after a government source told the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/661.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569160,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/egypt-hedged-against-rising-oil-prices-this-year-maait-confirms\/","url_meta":{"origin":622814,"position":5},"title":"Egypt hedged against rising oil prices this year, Maait confirms","author":"enterpriseam admin","date":"16 February 2020","format":false,"excerpt":"Egypt hedged against rising oil prices this year, Maait confirms: Egypt took out hedging contracts to guard against rising oil prices during the current fiscal year, Finance Minister Mohamed Maait confirmed in an interview with Bloomberg. The government hedged \u201cseveral times\u201d this year and \u201cwill hedge again during the year\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/202.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\/622814","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=622814"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622814\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/622804"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=622814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=622814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=622814"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=622814"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=622814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}