AOAD Unveils Initiative to Contain 'Food Security Issue'

Sudanese farmers harvest eggplant in a field near the capital, Khartoum (Reuters)
Sudanese farmers harvest eggplant in a field near the capital, Khartoum (Reuters)
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AOAD Unveils Initiative to Contain 'Food Security Issue'

Sudanese farmers harvest eggplant in a field near the capital, Khartoum (Reuters)
Sudanese farmers harvest eggplant in a field near the capital, Khartoum (Reuters)

The competent organizations of the Arab League approved an initiative prepared by the Arab Organization for Agriculture Developments (AOAD) to address challenges of food security and the exacerbation of agricultural and social crises.

AOAD General Director Ibrahim al-Dukhairi acknowledged the exacerbation of food challenges after the rise in grain, animal, and agricultural product prices because of the proxy wars in several Arab and African countries.

Dukhairi revealed in an interview with Asharq Al-Awsat that the tensions around the world, the escalation of conflict between Russia and NATO countries, and the war in Sudan further complicated the matter.

He explained that the Arab League Secretary-General, Ahmed Aboul Gheit, decided to support the initiative with Arab financial institutions in implementing the decisions of the Arab summit.

Sudan alone can provide most of the needs of Arab and African countries regarding animal and vegetable food once minimum stability is guaranteed and wars and rebellions have stopped, Dukhairi said.

He denied that the devastating war that Sudan is currently witnessing has directly affected its agricultural and food production, noting that the armed conflicts are concentrated in Khartoum and partly Darfur, not agrarian areas.

However, he warned of the dangers of extending the devastating war and the current rebellion in Sudan and its negative impact on the neighboring countries' harvest season and animal movement.

The initiative aims to push Arab, African, and international capitals to secure agricultural production and transport food inside Sudan to tens of millions of its citizens and all Arab and African countries.

- Sudan's neighbors

Asharq Al-Awsat asked the Director about the connection between the initiative, the outcomes of the Arab Summit, the recent Sudan's neighbors conference in Cairo, and the recent announcement of signs of settling old disputes over the Nile waters and the Grand Ethiopian Renaissance Dam.

Dukhairi responded that the meeting supported the initiative, and Aboul Gheit personally announced that he would provide at least $1 billion to support it and to ensure "food security and agricultural production in Sudan."

He said that Sudan is one of the most prominent Arab and African countries with enormous agricultural capabilities if security, peace, and stability are achieved.

The Director expected the relations of Sudan's neighboring countries concerned with the dispute over the Nile waters to develop positively after their leaders' recent meeting in Cairo and the announcement of "opening a new page."

He noted the strategic nature of the Nile water file for the agricultural, food, and decent living sectors in Sudan, Egypt, Ethiopia, and neighboring countries.

He considered the AOAD's initiative particularly important due to the accumulated dangers of "food scarcity" in light of the war in Sudan and Ukraine.

- Planting 50 billion trees

Furthermore, the official announced in his interview with Asharq Al-Awsat that the organization's initiative for developing agricultural and food products regionally and internationally includes combating desertification in old agrarian areas.

It also supports the Saudi Crown Prince Mohammed bin Salman's initiative to plant 50 billion new trees in Arab countries, including 10 billion trees inside Saudi Arabia, as part of the Middle East Green initiative.

Dukhairi confirmed that he discussed with representatives of specialized Arab organizations at their annual conference in Tunis ways to mobilize their capabilities and the institutions of the Arab League General Secretariat to save harvest seasons and develop agricultural capabilities in Sudan and all Arab countries.

He revealed that his organization received "strong support" from all Arab countries and the Arab League General Secretariat to contribute to this goal and activate its new comprehensive initiative through its central and regional headquarters in Sudan, Egypt, Algiers, Rabat, Tunis, and Syria.

It receives the support of joint Arab action institutions and all regional and international agricultural, development, and food organizations, including the UN Food and Agriculture Organization (FAO).



US Treasury Chief Claims Successes in Isolating Iran

FILE PHOTO: US Treasury Secretary Scott Bessent speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026. REUTERS/Abdul Saboor/File Photo
FILE PHOTO: US Treasury Secretary Scott Bessent speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026. REUTERS/Abdul Saboor/File Photo
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US Treasury Chief Claims Successes in Isolating Iran

FILE PHOTO: US Treasury Secretary Scott Bessent speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026. REUTERS/Abdul Saboor/File Photo
FILE PHOTO: US Treasury Secretary Scott Bessent speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026. REUTERS/Abdul Saboor/File Photo

US Treasury Secretary Scott Bessent said on Saturday that he had sent envoys around the world to pressure countries to economically isolate Iran, hailing new restrictions targeting the country's airlines and banks.

"At my direction, teams were dispatched across the globe to engage with countries and demand action against the Iranian regime," he said on X. "These efforts are delivering results."

Bessent noted that Türkiye and Oman have halted incoming flights from private carrier Mahan Air, while the United Arab Emirates has stopped all flights by Iranian airlines.

Dubai, the UAE's commercial hub, is a major destination for Iran's carriers, with multiple daily flights, a large Iranian community and close business links.

Iran's ISNA news agency, citing officials, reported that five countries had revoked the Iranian republic's flight permits: Azerbaijan, Georgia, Iraq, Oman and the UAE.

But it said flights were still operating to China -- which is refusing to yield to US pressure -- and Russia via the two main airlines, national carrier Iran Air and Mahan.

Mahan had announced that it would no longer serve Türkiye at the request of the Turkish authorities, but flights continue several times a day in both directions, via Iran Air or smaller Iranian carriers, according to the Tehran and Istanbul airport websites.

ISNA said Afghanistan, Armenia, Belarus, Malaysia, Pakistan and Tajikistan were still also being served.

Bessent had said on Monday that all Iranian airlines "will be shut down around the world".

He also highlighted new banking restrictions.

On Wednesday, the UAE central bank blocked transactions to and from Iran by branches of Iran's Bank Melli, accusing it of violating laws on money laundering, terrorism and arms proliferation.

Last week, Türkiye revoked the license of Iran's Bank Mellat, a semi-private financial entity that has been subject to Western sanctions for years.

A Wall Street Journal article shared by Bessent said Jonathan Burke, the Treasury's assistant secretary for terrorist financing, traveled across the Middle East and Europe over two weeks to push the plan to impose what Bessent called "economic D-Day" on Tehran.

The US Treasury has held discussions with more than 50 countries, the Journal reported.


China, US Agree to $30 Billion Tariff Cut, AI Dialogue

WASHINGTON, DC - SEPTEMBER 25: US President Donald Trump (R) and President of China Xi Jinping (L) speak as they depart following a tour of the National Archives Museum on September 25, 2026 in Washington, DC. Win McNamee/Getty Images/AFP
WASHINGTON, DC - SEPTEMBER 25: US President Donald Trump (R) and President of China Xi Jinping (L) speak as they depart following a tour of the National Archives Museum on September 25, 2026 in Washington, DC. Win McNamee/Getty Images/AFP
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China, US Agree to $30 Billion Tariff Cut, AI Dialogue

WASHINGTON, DC - SEPTEMBER 25: US President Donald Trump (R) and President of China Xi Jinping (L) speak as they depart following a tour of the National Archives Museum on September 25, 2026 in Washington, DC. Win McNamee/Getty Images/AFP
WASHINGTON, DC - SEPTEMBER 25: US President Donald Trump (R) and President of China Xi Jinping (L) speak as they depart following a tour of the National Archives Museum on September 25, 2026 in Washington, DC. Win McNamee/Getty Images/AFP

China and the US have agreed to a $30 billion reciprocal tariff-reduction arrangement and to launch dialogue on AI, under an eight-point consensus reached during Chinese President Xi Jinping's visit to the US, China's Ministry of Foreign Affairs said.

The two sides recognized the work of their economic teams and endorsed steps including the establishment of a trade council, the tariff-reduction arrangement and an extension of outcomes from earlier talks in Kuala Lumpur, the ministry said.

The United ⁠States and China ⁠had earlier agreed to extend by two months a trade truce that was due to expire on November 10, allowing more time to work on a potentially bigger trade deal, US Treasury Secretary Scott Bessent said on Wednesday.

The leaders of ⁠the world's two largest economies ended a three-day summit that showcased personal diplomacy rather than big public breakthroughs. Xi has since landed in Beijing, Chinese state media Xinhua reported on Saturday.

On artificial intelligence, the two sides agreed to establish a dialogue to discuss the technology's risks and benefits, with the next round of discussion set for November, and to set up a communication channel for AI-related incidents, according to the ⁠ministry.

They ⁠also agreed to support each other in hosting the Asia-Pacific Economic Cooperation leaders' meeting and the Group of Twenty summit, with both leaders signaling their intention to attend the gatherings hosted by the other, Reuters reported.

On foreign policy, the leaders agreed that Iran should fulfil its commitment not to develop nuclear weapons, and that no country or entity should impose transit tolls on international waterways, the ministry said. They also recalled that China and the United States fought as allies in World War Two.


Gold Rises, but on Track for Weekly Loss as Fed Rate Hike Expectations Build

FILE PHOTO: A raw gold bar is displayed at Nigeria’s booth at the 8th China International Import Expo (CIIE) venue in Shanghai, China, November 5, 2025. REUTERS/Maxim Shemetov/File Photo
FILE PHOTO: A raw gold bar is displayed at Nigeria’s booth at the 8th China International Import Expo (CIIE) venue in Shanghai, China, November 5, 2025. REUTERS/Maxim Shemetov/File Photo
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Gold Rises, but on Track for Weekly Loss as Fed Rate Hike Expectations Build

FILE PHOTO: A raw gold bar is displayed at Nigeria’s booth at the 8th China International Import Expo (CIIE) venue in Shanghai, China, November 5, 2025. REUTERS/Maxim Shemetov/File Photo
FILE PHOTO: A raw gold bar is displayed at Nigeria’s booth at the 8th China International Import Expo (CIIE) venue in Shanghai, China, November 5, 2025. REUTERS/Maxim Shemetov/File Photo

Gold prices rose on Friday but was on track for a weekly loss, as rising US Treasury yields and growing expectations of Federal Reserve rate hikes weighed on the metal.

Spot gold was up 0.6% at $4,303.19 per ounce by 1210 GMT, but was down about 1.7% so far this week. US gold futures rose 1% to $4,339.

US and Iranian negotiators in New York are seeking a deal that would involve Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran, sources close to the talks said.

"Gold finds support today as oil prices pull back on renewed hopes for a US-Iran deal," said Nikos Tzabouras, a senior market analyst at Jefferies-owned Tradu.com.

"That said, the precious metal is heading for weekly losses, as higher Fed rates and bond yields raise the opportunity cost of holding gold."

The Fed raised interest rates by a quarter-point last week, its first hike in three years, and flagged more hikes follow. Traders are pricing in a 71% chance of an October hike and a 95% chance of an increase in December, according to the CME FedWatch Tool.

Although gold is traditionally seen as a hedge against inflation, higher rates dampen demand as investors shift to yield-bearing assets.

Gold demand in India picked up modestly this week as lower prices drew in buyers ahead of the festive season.

Oil prices fell, and the dollar eased about 0.3%, making greenback-priced bullion more affordable for holders of other currencies.

"Lingering deficit fears could revive the debasement trend that drives investors toward hard assets like gold. Alongside persistent central bank demand, the precious metal has a credible case for a strong fourth-quarter recovery, should the macro winds begin to shift," said Tzabouras.

Spot silver gained 1.4% to $64.82 per ounce, platinum added 1.7% to $1,777.38 and palladium fell 0.4% to $1,269.77. All three metals were poised for weekly losses.