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Middle East & Africa


Egypt's SIIC seeking 50,000 tonnes raw sugar in tender ABU DHABI: Egyptian state buyer Sugar and Integrated Industries Co. (SIIC) said on Saturday it had issued an international tender to buy 50,000 tonnes of raw sugar.The tender deadline is Saturday and results are expected over the weekend, a source at SIIC said.The sugar is sought for arrival between September 1 and 15, he said.Copyright Reuters, 2014 ...

Highest price of top Kenya tea grade dips at latest sale NAIROBI: The highest price for top-grade Kenyan tea dipped to $3.16 per kg at this week's auction from $3.28 per kg last week, Tea Brokers East Africa said on Tuesday.Kenya is the world's leading exporter of black tea. The crop is a main source of foreign exchange for the east African economy, together with horticultural products and tourism.Prices for Best Broken Pekoe Ones (BP1s) sold at $2.05-$3.16 per kg compared with $2.16-$3.28 per kg last ...
Syria's Hoboob says sells 200,000 tonnes wheat to Iraq ABU DHABI: Syria's state cereal body, the General Establishment for Processing and Trade (Hoboob), said on Tuesday it had sold 200,000 tonnes of wheat to neighbouring Iraq in a tender.The wheat was sold at 206 euros per tonne, free on trucks, a source at Hoboob told Reuters.Hoboob said it sold 100,000 tonnes of soft wheat and 100,000 of durum wheat.Syria launched a tender for a second time last month to sell wheat to Iraq from ...
Saudi wheat imports to reach 2.7mn tonnes this year PARIS: Saudi Arabia's Grain Silos and Flour Mills Organisation expects its wheat imports to rise to 2.7 million tonnes this year as the country continues to phase out local production, GSFMO's Director General Waleed Elkhereiji said on Tuesday.Saudi Arabia imported about 2.6 million tonnes of wheat last year, he told Reuters on the sidelines of the International Grains Council's annual conference in London.The expected import volume in 2014 would include about 200,000 tonnes of soft ...
Ivorian cocoa arrivals seen at 1,506,000 T by June 8 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 1,506,000 tonnes by June 8, since the start of the season on October 2, exporters estimated on Tuesday, up from 1,256,000 tonnes in the same period of the previous season.Exporters estimated around 39,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between June 2 and June 8 up from 18,000 tonnes during the same ...
Egypt lowers target for local wheat purchases CAIRO: Egypt's supplies minister on Monday lowered the target for state purchases of domestic wheat from the current harvest, suggesting the world's largest wheat importer will not cut its food import bill in the coming fiscal year.Khaled Hanafi told reporters the total amount of wheat the government will purchase was "expected to reach 3.8 or 3.9 million tonnes by the end of the current season." The previous government target was 4.4 million tonnes.Like energy subsidies, ...
Morocco seeks 163,500 T of soft wheat in the local market RABAT: Morocco's state grains agency ONICL has launched a tender to buy 163,500 tonnes of soft wheat from the local market, it said in a statement on Monday.It is the first tender after the end of the import campaign which ran from Jan. 1 to April 30, when the government suspended customs duties for soft wheat imports to counter rising world prices.ONICL will open the bids on June 17. The soft wheat is destined to ...


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln