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Egypt cancels contracts for 240,000 T of stranded Ukrainian wheat

Egypt recently canceled contracts for 240,000 tons of Ukrainian wheat that were booked by its state grains buyer for February and March but never loaded due to Russia’s invasion of Ukraine, the i24 news reported, citing Reuters.
In May, Reuters reported that about 300,000 tons of wheat bought by Egypt from Ukraine was stranded there, with one cargo stuck in port and four others still to be loaded.
As it is typically the world’s largest wheat importer, Egypt depended heavily on shipments of Black Sea wheat that were disrupted by the war.
It since sought to diversify wheat supplies, buying more than a million tons in July through tenders and direct purchases in an effort to boost its strategic reserves.
With a rapidly growing population of just over 102 million people, Egypt has suffered successive economic shocks from Covid and the war in Ukraine.

The International Monetary Fund (IMF) said earlier this week that the North African country needed to make “decisive progress” on fiscal and structural reform, as Cairo seeks a new round of support from the fund.
In an evaluation of a $5.2 billion stand-by agreement with Egypt in 2020, the IMF noted the nation’s “remaining vulnerability from a high public debt burden and large gross financing requirements.”
Russia and Ukraine ink a deal to resume shipping Ukrainian grain
On Tuesday (July 26), Egypt’s presidency said it would add one million families to a social safety net program that provides cash transfers, bringing the total number of beneficiaries to more than 20 million, the report said.
It added, the “Solidarity and Dignity” program began in 2015 with World Bank funding – payments to families start at $18.50 per month and are conditional on children's school attendance.
It noted that President Abdel Fattah al-Sisi added that nine million “needy” families would also receive separate, exceptional aid over six months.
Source: i24news
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BENEFIT Sponsors BuildHer...
- April 23, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”
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