Arab League Organization for Agricultural Development: Supply Chains, Previous Pledges Likely to be Disrupted

Director of the Arab League’s Organization for Agricultural Development (AOAD), Dr. Ibrahim El-Dukheri. (AOAD)
Director of the Arab League’s Organization for Agricultural Development (AOAD), Dr. Ibrahim El-Dukheri. (AOAD)
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Arab League Organization for Agricultural Development: Supply Chains, Previous Pledges Likely to be Disrupted

Director of the Arab League’s Organization for Agricultural Development (AOAD), Dr. Ibrahim El-Dukheri. (AOAD)
Director of the Arab League’s Organization for Agricultural Development (AOAD), Dr. Ibrahim El-Dukheri. (AOAD)

The Director of the Arab League’s Organization for Agricultural Development (AOAD), Dr. Ibrahim El-Dukheri, warned that food security in the Arab world was shrouded in ambiguity, adding the region would not be safe from the repercussions of the ongoing war in Europe.

In an interview with Asharq Al-Awsat, El-Dukheri noted that supply chains would weaken, or sometimes interrupt, especially if the Russian-Ukrainian war continues.

He stressed that the Nouakchott Declaration, which was recently adopted during the 37th General Assembly meetings in the Mauritanian capital, had highlighted the issue of food insecurity, which would worsen with the war in Europe, the Covid-19 pandemic and climate change.

Immediate action

“Urgent measures must be taken to guarantee food security in the Arab region and maintain supply chains,” El-Dukheri underlined, adding: “In this context, we presented what was known as the Permanent Program for Arab Food Security, which is an integrated study that was conducted during the past two years in coordination with the General Secretariat of the League of Arab States and Arab foreign ministers.”

He pointed to the sustainable food security initiative, which was launched at the same time as the Nouakchott Declaration and detailed the arrangements required to achieve public food security.

Production increase

The most important points agreed upon, according to El-Dukheri, include the launch of the Sustainable Arab Agricultural Development Strategy 2030, and the Arab Program for Sustaining Food Security, which aims to increase productivity and agricultural production levels of basic food commodities by a minimum of 30% during the next ten years.

This goal can be achieved through the use of technological packages and the correct standards for inputs, especially drought and salt tolerant seeds and fertilizers, in addition to the development of irrigation systems for irrigated and rain-fed crops, the expansion of the use of agricultural mechanization, and the adoption of smart agriculture.

The AOAD director said the declaration focused on seeking to find a specialized financing mechanism for agricultural development and Arab food security, to implement the projects of the Arab Program for the Sustainability of Food Security, which would be led by the AOAD in close cooperation and coordination with the relevant Arab and regional countries and organizations.

Arab investments

According to El-Dukheri, the Arab Program for the Sustainability of Food Security focuses on investments and trade.

He explained that the program looks at the existing agricultural infrastructure in order to increase the efficiency of the various modern irrigation systems, with the aim to expand water capacities and subsequently, promote agricultural investments in the sector of rain-fed crops.

“This gives us a wide ability to increase the volume of total production in the Arab world, while also improving agricultural integration, by looking at the mechanisms of intra-Arab trade between countries,” the Arab official remarked.

Current situation

Furthermore, he stressed that the ongoing war between Russia and Ukraine has two major implications.

El-Dukheri pointed to great fear over the interruption of supply chains, as “we know that Russia and Ukraine are countries that produce a major commodity, such as wheat.”

Thus, supply chains will deteriorate or be interrupted at times, he warned.

El-Dukheri noted that with the continuation of the war, many European countries would think about sustaining their national needs and perhaps fail to meet export pledges that were made before the eruption of the conflict.

Other options

He stressed that food security in the Arab world was shrouded in ambiguity. He added that the region would not be safe from the repercussions of the crisis in the near term, as prices of food are likely to soar, making them inaccessible for a large number of people.

As for the alternatives, including the option to resort to imports from the United States or Canada - given that they are wheat-producing countries – El-Dukheri explained that the shipping costs would be very high and would thus increase the prices of the products.

Most affected countries

The most affected countries in the Arab region are those in which the levels of income or development are limited, he explained.

The Arab region relies mostly on imports. Consequently, Gulf states, which enjoy financial and security stability, would be less impacted than countries that suffer from economic hardship, conflicts and instability, according to El-Dukheri.

Investment opportunities

El-Dukheri said the sustainable program for Arab food security presented a clear and comprehensive vision that took into consideration the capabilities of the Arab world in terms of the existence of suitable lands, rainfall rates, water resources, weather, and viable crops, according to a comprehensive and integrated study.

He pointed to another supporting document under the title, Finance Mechanism, which explains the means to support the program through “national and regional agencies,” including the Union of Arab Banks, Arab Chambers of Commerce, and all organizations that operate under the umbrella of the General Secretariat of the Arab League.

“It is necessary to have arrangements to reduce the gap and differences between the Arab countries,” El-Dukheri urged, explaining that the program was aimed at increasing self-sufficiency to 50%, while the rest would be imported from outside the Arab region.



Egypt: Positive Results from Nargis-2 Natural Gas Well in Mediterranean

Egyptian Petroleum Minister inspects the start of drilling operations at the Nargis gas field in the Mediterranean Sea (Ministry of Petroleum)
Egyptian Petroleum Minister inspects the start of drilling operations at the Nargis gas field in the Mediterranean Sea (Ministry of Petroleum)
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Egypt: Positive Results from Nargis-2 Natural Gas Well in Mediterranean

Egyptian Petroleum Minister inspects the start of drilling operations at the Nargis gas field in the Mediterranean Sea (Ministry of Petroleum)
Egyptian Petroleum Minister inspects the start of drilling operations at the Nargis gas field in the Mediterranean Sea (Ministry of Petroleum)

Egypt's Ministry of Petroleum and Mineral Resources and US energy major Chevron announced Saturday positive results from drilling the Nargis-2 natural gas well in the Mediterranean Sea, which began in May in cooperation with Chevron, its partners and the Egyptian Natural Gas Holding Company (EGAS).

In a statement, the ministry said the results support ongoing efforts to appraise the Nargis discovery, made in 2022, and accelerate its commercial development as one of Egypt's undeveloped gas discoveries.

The Nargis-2 appraisal well confirmed the extension of gas-bearing reservoirs previously encountered at Nargis-1 and identified an additional gas-bearing reservoir with favorable characteristics, supporting efforts to assess the area's gas resources and potential development opportunities.

The ministry said drilling operations were designed to evaluate the extent of the Nargis discovery and test deeper geological formations as part of efforts to expand exploration activities and maximize the Mediterranean's promising potential, including high-pressure, high-temperature formations.

The well reached a total depth of more than 5,000 meters, with appraisal results indicating gas-bearing reservoirs containing up to 35 meters of net pay.

According to the statement, these findings provide a positive indication supporting further technical studies to determine the discovery's overall potential and assess development opportunities.

The results align with the ministry's strategy to accelerate the development of undeveloped discoveries, encourage investment partners to intensify exploration activities and convert discovered resources into reserves that can be developed and brought into production, helping increase domestic natural gas output.

Egyptian Minister of Petroleum and Mineral Resources Karim Badawi witnessed the start of drilling operations at Nargis-2 in May aboard the Stena Forth drillship.

At the time, he emphasized the importance of accelerating the appraisal and development of undeveloped gas discoveries and strengthening cooperation with international energy companies to capitalize on Egypt's promising oil and gas resources.

Chevron operates the Nargis Offshore Concession in partnership with Italy's Eni, the UAE's Mubadala and Egypt's Tharwa Petroleum Company.


Global Equity Funds Attract Inflows for 5th Consecutive Week

NEW YORK, NEW YORK - OCTOBER 21: Traders work on the floor of the New York Stock Exchange during morning trading on October 21, 2026 in New York City. Michael M. Santiago/Getty Images/AFP
NEW YORK, NEW YORK - OCTOBER 21: Traders work on the floor of the New York Stock Exchange during morning trading on October 21, 2026 in New York City. Michael M. Santiago/Getty Images/AFP
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Global Equity Funds Attract Inflows for 5th Consecutive Week

NEW YORK, NEW YORK - OCTOBER 21: Traders work on the floor of the New York Stock Exchange during morning trading on October 21, 2026 in New York City. Michael M. Santiago/Getty Images/AFP
NEW YORK, NEW YORK - OCTOBER 21: Traders work on the floor of the New York Stock Exchange during morning trading on October 21, 2026 in New York City. Michael M. Santiago/Getty Images/AFP

Global equity funds attracted inflows for a fifth consecutive week in the week through October 21, as easing Treasury yields and strong early corporate earnings lifted investor sentiment.

Global equity funds drew net inflows of $28.16 billion during the week, compared with $19.88 billion in the previous week, LSEG Lipper data showed.

The benchmark 10-year US Treasury yield fell about 15 basis points last week and dropped below the psychologically significant 5% level this week, Reuters reported.

Fund investors were encouraged by better-than-expected corporate earnings so far this reporting season.

Of the nearly 18% of MSCI All Country World Index constituents that have ⁠reported earnings to date, ⁠about 73% have exceeded the average analyst estimate, according to LSEG data.

The MSCI World Index, however, fell 1.31% on Thursday after Meta reported strong results on Wednesday but unveiled plans to issue non-voting stock, reviving concerns about its growing capital commitments.

NEW YORK, NEW YORK - OCTOBER 21: Traders work on the floor of the New York Stock Exchange during morning trading on October 21, 2026 in New York City. Michael M. Santiago/Getty Images/AFP

By region, Asian equity funds attracted $11.53 billion, their largest weekly ⁠inflow since at least December 2022. Investors also added $9.14 billion to European equity funds and $5.07 billion to US equity funds.

Among sectoral funds, technology attracted $5.05 billion, reversing net sales of $4.77 billion in the previous week. Investors also bought $1.83 billion in healthcare sector funds but sold a notable $1.29 billion in consumer discretionary sector funds.

Global bond funds remained popular for a fifth consecutive week, attracting net inflows of $9.44 billion.

Swiss franc-denominated bond funds drew $6.8 billion, their largest weekly inflow since at least November 2024. ⁠Investors also added ⁠a significant $2.78 billion to short-term bond funds, while pulling $1.68 billion from high-yield bond funds and $550 million from government bond funds.

Money market funds attracted weekly net inflows of $15.86 billion, following net outflows of $47.51 billion the previous week.

Among commodities, gold and other precious metals funds attracted net inflows of $1.29 billion, marking their fifth week of net purchases in the past six weeks. Investors also added $41.5 million to energy funds.

Data covering 29,174 emerging market funds showed that investors bought $6.28 billion worth of equity funds — the largest weekly net purchase since August 5. However, they withdrew a marginal $48.72 million from bond funds.


UK Pledges More Funding to Guard Against AI Risks

FILE PHOTO: The words "AI Artificial Intelligence", a keyboard, and a robotics hand in this illustration taken October 19, 2026. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: The words "AI Artificial Intelligence", a keyboard, and a robotics hand in this illustration taken October 19, 2026. REUTERS/Dado Ruvic/Illustration/File Photo
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UK Pledges More Funding to Guard Against AI Risks

FILE PHOTO: The words "AI Artificial Intelligence", a keyboard, and a robotics hand in this illustration taken October 19, 2026. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: The words "AI Artificial Intelligence", a keyboard, and a robotics hand in this illustration taken October 19, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

The UK government on Saturday outlined plans to expand funding for artificial intelligence safety amid growing concerns over the cyber risks posed by the increasingly advanced technology.

"The economic opportunities from AI will only be realized if our critical infrastructure, public services and businesses are resilient to cyber, biological and emerging AI-enabled threats," the government said in a statement ahead of its annual budget update on Wednesday.

Concerns about AI safety have escalated in recent months after models developed by OpenAI and Anthropic were involved in security incidents during testing, piling pressure on governments to regulate the technology and protect against threats.

As part of a package of AI-related measures in the budget, the government will invest an additional £120 million ($161 million) in Britain's AI Security Institute, which tests the most powerful AI models before they are released.

According to AFP, it will also invest £100 million to establish a national AI Biosecurity Lab, which will use AI to detect and track biological threats.

"As AI becomes more powerful, Britain must have the capabilities to protect its people and shape its own future," said AI minister Kanishka Narayan.

"That means staying ahead of emerging threats, from cyberattacks to biological risks, while building more of the critical technology our security depends on," he added.

The plans include investment in AI tools to identify cyber vulnerabilities across critical infrastructure.

Governments and companies around the world shut down websites Thursday as they raced to protect themselves from hacks after AI models uncovered critical flaws in a widely used programming language called PHP.

Cybersecurity experts fear state-of-the-art AI technology could be used to hack banks, hospitals and government systems.

Last month it emerged that a rogue OpenAI model bypassed safeguards during training and hacked an Australian government health statistics website.