Egypt’s GASC to Receive Tons of Russian, Ukrainian Wheat in Days

A wheat farmer in Egypt. (Reuters file photo)
A wheat farmer in Egypt. (Reuters file photo)
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Egypt’s GASC to Receive Tons of Russian, Ukrainian Wheat in Days

A wheat farmer in Egypt. (Reuters file photo)
A wheat farmer in Egypt. (Reuters file photo)

Egypt's state grains buyer said on Sunday that a previously contracted 63,000 tons of Russian wheat, and a similar amount of Ukrainian, Romanian wheat were shipped, will arrive to the country's ports in the coming days.

Egypt already received 63,000 tons of French wheat on March 8, and a similar amount of Romanian wheat on March 5, the General Authority for Supply Commodities said in a statement, Reuters reported.

Egypt, often the world's top wheat importer, is working to buy wheat from other regions rather than its major suppliers Russia and Ukraine, whose exports are being disrupted by the fighting in Ukraine.

Egyptian officials have said they are working to secure booked cargoes of wheat from the Black Sea and to purchase from other origins amid the uncertainty over Black Sea shipments.

Existing reserves and wheat from the upcoming harvest should be sufficient to provide subsidized bread until close to the end of the year, they say.

However, Egypt has banned the export of some staples including wheat for three months and local prices of bread, flour and wheat have risen sharply since the war in Ukraine began.



Saudi Arabia to Host Regular World Economic Forum Global Meeting

A view of the Saudi capital, Riyadh. (Getty Images)
A view of the Saudi capital, Riyadh. (Getty Images)
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Saudi Arabia to Host Regular World Economic Forum Global Meeting

A view of the Saudi capital, Riyadh. (Getty Images)
A view of the Saudi capital, Riyadh. (Getty Images)

Saudi Arabia will host a regular high-level World Economic Forum (WEF) global meeting in Riyadh, with the first slated for the Spring of 2026.

Saudi Minister of Economy and Planning Faisal Alibrahim and WEF President Børge Brende, made the announcement on Friday - the final day of the 55th Annual Meeting of the World Economic Forum in Davos, Switzerland.

The global WEF meeting in Riyadh will serve as a vital platform for global leaders, experts, policy- and decision-makers from diverse fields including the public and private sectors, academia, international organizations, and civil society to convene and address the challenges defining the world.

“Hosting a regular global World Economic Forum meeting in the Kingdom is a testament to the global platform for dialogue, collaboration and innovation that Saudi Arabia has become, and that the World Economic Forum continues to be. This meeting represents a significant opportunity to further unite the world in capturing the immense potential that lies ahead,” said Alibrahim.

“In this critical juncture for the global economy, we are not only inspired by the opportunities before us, but also deeply confident that our collective efforts will forge a brighter, more inclusive and more prosperous future for all. We look forward to welcoming the global community again in Saudi Arabia in the spring of 2026,” he added.

For his part, Brende said: “The World Economic Forum is looking forward to coming back to the Kingdom in 2026. To close the 55th World Economic Forum with this announcement puts us on a strong course for the years ahead. Years that will have immense consequences. Because the progress we make over the coming months will not only deliver results in the near term, but will shape our course for years to come.”

Building on the success of the World Economic Forum Special Meeting held in Riyadh in April 2024, this new development solidifies Saudi Arabia’s position as a central player in shaping the global agenda. The Kingdom’s bold leadership and determination to foster global dialogues between developed and developing economies and drive inclusive global growth make it an ideal host to address complex global challenges with the WEF community.

The World Economic Forum Global Meeting in Riyadh is set to become a cornerstone event in the global calendar, reflecting the Kingdom’s position as a key bridge between the north and south, east and west, and a beacon for constructive dialogue and action.