El Moselhy denies wheat disruptions are a problem
On the airwaves last night: Supply Minister Ali El Moselhy denied that Egypt is working through delayed wheat shipments, telling El Hekaya’s Amr Adib that only one cargo — a 63k ton shipment in Romania — is stuck due to shipping disruptions in the Black Sea caused by Russia’s blockade of Ukraine (watch, runtime: 4:26).
Some 300k tons of wheat booked for February and March delivery for Egypt are stranded in Ukrainian ports, traders told Reuters last week.
The CBE isn’t funding wheat imports, the minister said. Shipments are being paid for by funding obtained from the International Islamic Trade Finance Corporation (ITFC) (watch, runtime: 3:08).
Also on the airwaves last night:
- Monkeypox latest: There are no reported cases of monkeypox in Egypt, according to the Health Ministry, amid a global outbreak that has seen the virus spread to 15 countries. (Al Hayah Al Youm | watch, runtime: 5:11)
- El Sisi wants more green hydro: President Abdel Fattah El Sisi told ministers to secure more investment for more green hydrogen projects. (Al Hayah Al Youm | watch, runtime: 5:38)
- No delays at Dabaa: Russia’s invasion of Ukraine has not impacted work at the USD 30 bn Dabaa nuclear power plant it is building with Russian state nuclear company Rosatom, Electricity Ministry spokesperson Ayman Hamza said. (Ala Mas’ouleety | watch, runtime: 3:48)
- A new list of presidential pardons will be announced in the coming days, said Tarek El Kholy, a member of the Presidential Pardons Committee. (Kelma Akhira | watch, runtime: 2:37)