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.



IMF Says More Work Needed on Lebanon Reforms

A man walks past Lebanon's Central Bank headquarters in Beirut on November 10, 2026. (AFP)
A man walks past Lebanon's Central Bank headquarters in Beirut on November 10, 2026. (AFP)
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IMF Says More Work Needed on Lebanon Reforms

A man walks past Lebanon's Central Bank headquarters in Beirut on November 10, 2026. (AFP)
A man walks past Lebanon's Central Bank headquarters in Beirut on November 10, 2026. (AFP)

The International Monetary Fund said on Friday that more work was needed to reach an agreement on restructuring Lebanon's banking sector, one of the steps towards unlocking billions of dollars in financial assistance.

An IMF staff-level agreement reached in April 2022 laid out conditions to unlock assistance, including a law on the distribution of losses in the banking sector, known as the financial gap law, which parliament has still not voted on.

In a statement at the end of meetings that began on Tuesday, the IMF said "there was progress in further clarifying the approaches under consideration by the Banque du Liban (BdL) and the Government regarding banking sector reform, the draft financial regulation law and the recovery of deposits, and aligning them with international standards".

It however noted that "further work is needed to reach an agreement on a strategy for an effective and durable restructuring of Lebanon's banking sector, leading to a sound and resilient system".

The cabinet submitted a draft of the law to parliament in 2025, but the text is contested by the banking sector and political parties, preventing a vote.

Differences over estimates of losses and their distribution have stalled negotiations with the IMF.

In 2022, the government estimated losses resulting from the 2019 financial crisis at around $70 billion, a figure believed to have increased over the last seven years during which the crisis has remained unresolved.

Lebanese Finance Minister Yassin Jaber said during a news conference that he hoped to "achieve progress that would allow us to reach an agreement on a program with the IMF and sign it during the first quarter of next year, and by its end at the latest".

Lebanon's economic crisis, which the World Bank has ranked among the worst since 1850, has deprived depositors of access to all of their funds, destroyed confidence in the banking sector and led to greater reliance on cash liquidity in various economic and commercial activities.


Silver Demand Seen Down 5% This Year Due to Weaker Jewellery Purchases

Silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. (Reuters)
Silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. (Reuters)
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Silver Demand Seen Down 5% This Year Due to Weaker Jewellery Purchases

Silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. (Reuters)
Silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. (Reuters)

Silver demand is expected to fall by 5% in 2026 due to weaker jewellery demand and lower consumption in solar cells, where high prices have accelerated substitution, research showed on Friday.

Research done by consultancy Metals Focus for the Silver Institute puts demand at 1.08 billion troy ounces this year.

Silver, used in jewellery, electronics, electric vehicles and solar panels as well as for investment, is ‌down 59% ‌to $50 an ounce since retail buying drove prices ‌to ⁠a record high ⁠of $121.6 in January.

The base for that rally was created in 2025, when silver surged 147%, as massive inflows of the metal to US inventories due to tariff uncertainty and into silver-backed exchange-traded products (ETPs) tightened liquidity in the London market.

This year, expectations for higher interest rates, a stronger dollar and higher bond yields have weighed on investment ⁠sentiment.

Silver released through ETP selling, outflows from stocks ‌in the US and a smaller ‌market deficit improved liquidity in the physical market, the Silver Institute and ‌consultancy Metals Focus said on Friday.

Metals Focus sees net ETP ‌outflows of 45 million ounces this year after 278 million ounces of inflows in 2025.

As of early November, ETP holdings stood at 1.25 billion ounces.

Industrial demand is expected to fall by 3% in 2026 as installations ‌in photovoltaics have fallen short of expectations, particularly in China, while January's record silver prices accelerated ⁠substitution.

Meanwhile, demand ⁠for jewellery and silverware is forecast to decline by 22% and 17%, respectively, as higher prices and weaker rural spending in India encouraged purchases of smaller, lighter products.

Demand in China and the US is also subdued. Strong retail investment in late 2025 and early 2026 gave way to far more subdued buying from March as silver prices fell, Metals Focus said.

It expects global bar and coin demand to fall 2% this year, with US retail investment hitting its lowest level since 2010.


Gold Rises on Bargain Hunting but Heads for Weekly Decline

Gold necklaces are on display inside a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Mumbai, India April 18, 2018. (Reuters)
Gold necklaces are on display inside a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Mumbai, India April 18, 2018. (Reuters)
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Gold Rises on Bargain Hunting but Heads for Weekly Decline

Gold necklaces are on display inside a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Mumbai, India April 18, 2018. (Reuters)
Gold necklaces are on display inside a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Mumbai, India April 18, 2018. (Reuters)

Gold rose on Friday as bargain hunting emerged after prices hit a more than one-year low in the previous session, while market focus shifted to upcoming US inflation data.

Spot gold climbed 1% to $3,915.31 per ounce by 0322 GMT but was down 3.5% so far this week. US gold futures for December delivery gained 0.9% to $3,919.60.

"Today's move is ‌more of a ‌positioning adjustment, given that several intraday short-term ‌momentum ⁠indicators had kind ⁠of hit an extreme oversold level after yesterday's dramatic fall," said Kelvin Wong, a senior market analyst at OANDA.

"A short-term driver that could be bullish for gold will be a sudden turn of the US Treasury yield, that would potentially slow down the US dollar."

Spot gold prices hit their lowest level since ⁠October 2025 on Thursday as oil prices climbed ‌on fading hopes for peace ‌in the Middle East, spurring fears of higher inflation and elevated interest ‌rates.

Markets see an 89% chance of a 25-basis-point US ‌rate hike in December, while the probability of a larger 50-basis-point move is priced at 11%, according to CME's FedWatch tool.

Although gold is typically seen as an inflation hedge, higher interest rates increase the ‌opportunity cost of holding non-yielding bullion, reducing its appeal to investors.

Federal Reserve Bank of New York ⁠President John ⁠Williams said on Thursday more rate hikes are likely as the US central bank seeks to lower high levels of inflation in an otherwise healthy economy.

Data showed the number of Americans filing new claims for unemployment benefits increased more than expected last week, but remained at a level consistent with a stable labor market.

Market participants now await the US Producer Price Index data due at 1330 GMT.

Among other metals, spot silver rose 1% to $50.49 per ounce and palladium climbed 2.1% to $1,014.50, but both were headed for weekly declines.

Spot platinum gained 1.3% to $1,538.22 and was on track for a modest weekly gain.