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Morocco to Prolong Wheat Import Campaign in January-April 

An ear of wheat is seen during a harvesting in a field near the village Kyshchentsi, amid Russia's attack on Ukraine, in Cherkasy region, Ukraine July 18, 2023. (Reuters)
An ear of wheat is seen during a harvesting in a field near the village Kyshchentsi, amid Russia's attack on Ukraine, in Cherkasy region, Ukraine July 18, 2023. (Reuters)
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Morocco to Prolong Wheat Import Campaign in January-April 

An ear of wheat is seen during a harvesting in a field near the village Kyshchentsi, amid Russia's attack on Ukraine, in Cherkasy region, Ukraine July 18, 2023. (Reuters)
An ear of wheat is seen during a harvesting in a field near the village Kyshchentsi, amid Russia's attack on Ukraine, in Cherkasy region, Ukraine July 18, 2023. (Reuters)

Morocco will offer subsidies to import up to 2.5 million metric tons of soft wheat between Jan. 1 and April 30, 2024, state grains agency ONICL said, as the North African country pursues an import program to offset drought-affected local production.

The January to April import scheme was approved by Morocco's finance and agriculture ministries, with subsidy details to be published separately, ONICL said in a note on its website.

After drought reduced its domestic wheat crop for a second year, Morocco launched an import program for the 2023/24 season covering up to 2.5 million tons for July to September, followed by a second round for October to December allowing up to 2 million tons.

Traders had expected the import campaign to continue after shipments so far this season lagged volumes available under the subsidy schemes, and with low rainfall again creating uncertainty about Morocco's next harvest.

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WEF, GCF to Establish Global Center for Cyber Economics in Riyadh

The Center’s research and studies will also provide robust tools for formulating policies and strategies to safeguard the global economy while contributing to enhancing cybersecurity around the world - SPA
The Center’s research and studies will also provide robust tools for formulating policies and strategies to safeguard the global economy while contributing to enhancing cybersecurity around the world - SPA
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WEF, GCF to Establish Global Center for Cyber Economics in Riyadh

The Center’s research and studies will also provide robust tools for formulating policies and strategies to safeguard the global economy while contributing to enhancing cybersecurity around the world - SPA
The Center’s research and studies will also provide robust tools for formulating policies and strategies to safeguard the global economy while contributing to enhancing cybersecurity around the world - SPA

The Global Cybersecurity Forum (GCF) and the World Economic Forum (WEF) announced the signing of an agreement to establish the Center for Cyber Economics (CCE) in Riyadh, during the WEF Annual Meeting 2025 in Davos, Switzerland.
GCF and WEF aim to establish the Center as a global platform that addresses the economic dimension of cybersecurity. The Center will advance knowledge to enable decision-makers worldwide to build a deep understanding of the close relationship between economics and cybersecurity. The Center’s research and studies will also provide robust tools for formulating policies and strategies to safeguard the global economy while contributing to enhancing cybersecurity around the world, SPA reported.
Governor of the National Cybersecurity Authority Eng. Majed bin Mohammed Al-Mazyed, acting on behalf of the Board of Trustees, Global Cybersecurity Forum, noted that the establishment of the Center – a collaboration between GCF and WEF – forms part of cybersecurity efforts in Saudi Arabia that have culminated in its world-leading position in the sector. The Kingdom’s contributions to the cybersecurity sector at local, regional, and global levels have gained the Saudi model of cybersecurity recognition for its successful and pioneering approach.
Al-Mazyed added that the development of the Center for Cyber Economics sits within the framework of the Kingdom of Saudi Arabia’s aims to build global platforms and launch pioneering global initiatives in various fields related to the sector, including the establishment of GCF as an institute by Royal Decree in 2023.
GCF aims to push knowledge boundaries, build the foundations for cooperation in Cyberspace, and leverage opportunities within the cybersecurity sector to enhance cyber resilience and enable prosperity around the world.