{"id":645688,"date":"2017-07-27T03:58:01","date_gmt":"2017-07-27T03:58:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/27\/on-the-horizon-197\/"},"modified":"2017-07-27T03:58:01","modified_gmt":"2017-07-27T03:58:01","slug":"on-the-horizon-197","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/27\/on-the-horizon-197\/","title":{"rendered":"On the horizon"},"content":{"rendered":"

Countdown to flour subsidy phase-out:<\/strong> Flour subsidies\u2019 end in August<\/a> draws near, prompting wheat millers to come up with a case of wishful thinking. They tell Al Borsa<\/a> that as the Supply Ministry has yet to announce prices, it seems likely that the deadline for the phase-out will be pushed back. However, ministry spokesperson Mamdouh Ramadan says pricing will be announced within the next few days and that the ministry is on track to implement the new system at the beginning of the month as planned. The ministry had announced tentative wheat milling prices<\/a> last week, which it proposed to the Finance Ministry for approval.<\/p>\n

Prime Minister Sherif Ismail will co-chair a meeting tomorrow of the Egyptian-Jordanian<\/strong>Joint Higher Committee <\/strong>with his Jordanian counterpart, Hani Al Mulki. The two sides are discussing phosphate, fertilizer, pharma, packaging, software, renewable energy, and services projects, Trade and Industry Minister Tarek Kabil said, according to Al Masry Al Youm<\/a>. Cairo and Amman are also looking to promote dual-listings on the EGX and Amman Stock Exchange<\/strong> and will cooperate on LED manufacturing and solar power generation, according to a statement from the Investment Ministry<\/a>.<\/p>\n

Foreign Minister Sameh Shoukry is going to prod Sudanese officials to lift their ban on<\/strong>Egyptian imports<\/strong> during his visit to Khartoum at the end of July, a Trade and Industry Ministry official tells Al Mal<\/a>. Something which won\u2019t make the talks go smoother is word that Egypt\u2019s ambassador to South Sudan reportedly said that Egypt would back efforts to reunite the Sudanese People's Liberation Movement (SPLM)<\/strong>, according to All Africa<\/a>.<\/p>\n

Finnish Foreign Minister Timo Soini is set to visit Cairo in October<\/strong>, Finland\u2019s ambassador to Cairo Laura Kansikas-Debraise tells Al Mal<\/a>. Finland\u2019s Deputy Minister for Foreign Trade and Development will also pay a visit to Egypt in November, accompanied by a number of company representatives. Finnish companies are interested in investing in water systems and treatment, consultancy, and solar energy, Kansikas-Debraise said.<\/p>\n

The Health Ministry is close to concluding price studies on 1,400 meds and will present<\/strong>its report to parliament next month, <\/strong>accordingto Al Borsa<\/a>. A parliamentary source told the newspaper that some 1,320 products should rise in price.<\/p>\n

September is but a stone\u2019s throw away \u2014 cue the iPhone rumors, with Business Insider discussing whether Apple will launch sales of its tenth iPhone<\/strong><\/a> (variously predicted to be named iPhone Pro, iPhone 8 and iPhone X) in September or not.<\/p>\n","protected":false},"excerpt":{"rendered":"

Countdown to flour subsidy phase-out: Flour subsidies\u2019 end in August draws near, prompting wheat millers to come up with a case of wishful thinking. They tell Al Borsa that as the Supply Ministry has yet to announce prices, it seems likely that the deadline for the phase-out will be pushed back. However, ministry spokesperson Mamdouh […]<\/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":[9277],"tags":[72,3157],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645688","post","type-post","status-publish","format-standard","hentry","category-on-the-horizon","tag-enterpriseam","tag-on-the-horizon","wpautop","entry"],"acf":{"mongo_id":"bdf0b807-4857-40f5-aaf7-9901394f6d43","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[645684],"teaser":"","voice_url":""},"yoast_head":"\nOn the horizon - 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\/2017\/07\/27\/on-the-horizon-197\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"On the horizon\" \/>\n<meta property=\"og:description\" content=\"Countdown to flour subsidy phase-out: Flour subsidies\u2019 end in August draws near, prompting wheat millers to come up with a case of wishful thinking. 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After lifting subsidies from flour last month, the Supply Ministry appears to be attempting a similar move with wheat bran extracted from the production of subsidized bread, albeit in a more tempered manner. It issued\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":645404,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/supply-ministry-announces-wheat-milling-prices\/","url_meta":{"origin":645688,"position":2},"title":"Supply Ministry announces wheat milling prices","author":"enterpriseam admin","date":"19 July 2017","format":false,"excerpt":"Supply Ministry announces new wheat milling prices: The Supply Ministry announced it will pay public wheat mills EGP 500 per tonne of wheat, while private mills will receive EGP 480 per tonne. The news came after the ministry reached an agreement with mill owners, ministry spokesman Mohamed Sewed tells Al\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":645749,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/flour-diesel-subsidies-officially-come-to-an-end-for-subsidized-bread-bakeries\/","url_meta":{"origin":645688,"position":3},"title":"Flour, diesel subsidies officially come to an end for subsidized bread bakeries","author":"enterpriseam admin","date":"30 July 2017","format":false,"excerpt":"Flour, diesel subsidies officially come to an end for subsidized bakers: The Supply Ministry unveiled its new subsidy system, which will come into effect in the first week of August. Wheat mills and bakeries will be required to pay the ministry market price for wheat and flour while holding 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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550099,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/13\/gasc-will-let-private-mills-buy-its-wheat-to-help-ease-imports-squeeze\/","url_meta":{"origin":645688,"position":4},"title":"GASC will let private mills buy its wheat to help ease imports squeeze","author":"enterpriseam admin","date":"13 October 2022","format":false,"excerpt":"GASC to sell wheat to struggling private sector: State grain buyer GASC will on Saturday start selling wheat to mills producing 72% extraction wheat flour, which is used to make unsubsidized bread, pasta, and other foods. The move will last for one month and comes to prevent a rise in\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/218.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544641,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/govt-steps-in-to-lower-flour-prices-calls-for-metal-export-ban\/","url_meta":{"origin":645688,"position":5},"title":"Gov\u2019t steps in to lower flour prices + calls for metal export ban","author":"enterpriseam admin","date":"14 March 2022","format":false,"excerpt":"Rising food price inflation continued to dominate the airwaves last night, with most of the talking heads dedicating sizable portions of their shows to discussing bread prices and what the government is doing to tackle the problem. Bringing old prices back: In an effort to hold down bread prices, the\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/645688","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=645688"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/645688\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/645684"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=645688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=645688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=645688"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=645688"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=645688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}