"Egypt is the largest importer of wheat in the world, but they have to buy it on the spot market," says Philip Blumberg.» Read More
Aug 21- For other related diaries, please. NEW DELHI- Indian Finance Minister Arun Jaitley will attend a banking event in New Delhi. NEW DELHI- RBI Deputy Governor Rama Subramaniam Gandhi will participate in a panel discussion on G20- 0830 GMT.
CAIRO— Libya's largest export terminal begun loading a tanker Wednesday destined for Italy, its first shipment after a yearlong blockade over disputes between the central government, rebels and protesters, the country's oil corporation said. The National Oil Corp. said on its website the tanker has been loading 600,000 barrels since early Wednesday.
CAIRO— Top officials in Egypt promised Wednesday to end the rolling blackouts hitting the country in four months, blaming the outages on a fuel shortage, hot weather and poor maintenance of power plants. Neighborhoods in Egypt sink into darkness for hours during the day, leaving millions without power.
NEW YORK, Aug 19- Brent crude prices fell to a 14- month low on Tuesday, giving up early gains as recovering Libyan output, sustained Iraqi production and weak demand offset concerns about threats to supply.
JERUSALEM, Aug 19- Israel launched attacks in the Gaza Strip on Tuesday and recalled its negotiators from truce talks in Cairo after saying three Palestinian rockets had hit southern Israel, hours before a ceasefire was due to expire. A Reuters correspondent saw an Israeli plane fire a missile east of Gaza City.
CAIRO— Egypt selected a consortium of Egyptian and the Persian Gulf companies Tuesday to develop the government's mega project to transform the Suez Canal waterway into a hub of international investment and free trade zones, officials said. The Suez Canal is a key source of revenue for Egypt, bringing in around $5 billion annually.
CAIRO, Aug 14- Egyptian police arrested 29- year-old Sherif Siam while clearing a Cairo protest camp one year ago. One year since Egyptian security forces stormed two Cairo camps, killing hundreds of protesters demanding the reinstatement of elected Islamist President Mohamed Mursi, Egyptians remain deeply divided over the future of their country.
*Iraq faces no immediate food shortages, bread prices stable. BAGHDAD/ ABU DHABI, Aug 13- After seizing five oil fields and Iraq's biggest dam, Sunni militants bent on creating an Islamic empire in the Middle East now control yet another powerful economic weapon- wheat supplies.
CAIRO/ ABU DHABI, Aug 13- A top Iraqi government grains official said on Wednesday that Islamic State militants are taking wheat from state silos in northern and western Iraq, in order to mill it there and in neighboring Syria.
SAO PAULO, Aug 12- Brazilian-Lebanese financier Joseph Safra's push to diversify his $16 billion fortune out of banking and real estate is taking the world's richest banker to the fruit stand.
NEW YORK, Aug 11- Global stocks bounced after recent sell-offs and core government debt prices fell on Monday as markets saw receding risks of direct conflict between Russia and Ukraine while Middle East tensions diminished.
*Europe, Asia track Ukraine- linked U.S. gains from Friday. LONDON, Aug 11- Global stocks bounced after recent sell-offs and core government debt prices fell on Monday as markets saw a lowered risk of direct conflict between Russia and Ukraine while Middle East tensions appeared less acute.
LONDON, Aug 11- Copper prices rose slightly on Monday as tensions eased between Russia and Ukraine and on optimism about the outlook for China's economy and metals demand, though expectations of rising copper supplies put a brake on gains.
HOUSTON— An American employee of Texas- based energy company Apache Corp was killed last week in an apparent carjacking in the western Egyptian desert, officials said Sunday. He said the attack occurred Wednesday as the employee was driving in the desert between Qarun and Karama, southwest of Cairo.
ANKARA, Aug 6- Turkey is seeking Israeli and Egyptian agreement for an air corridor to provide humanitarian aid to Gaza and evacuate possibly thousands of injured Palestinians for treatment, Foreign Minister Ahmet Davutoglu said on Wednesday.
NEW YORK- Wall Street firms led by Goldman Sachs Group Inc are close to buying a stake in chat and instant messaging startup Perzo Inc in pursuit of an alternative to a similar application from Bloomberg LP, sources familiar with Goldman's plans say.
*Netanyahu presses assault, sends envoys to Cairo. *U.N. outraged at refugee deaths at Gaza shelter.
*Hamas vows to fight on until Gaza blockades lifted. GAZA/ JERUSALEM, July 30- Israeli shelling killed at least 15 Palestinians sheltering in a U.N.-run school and another 17 near a street market on Wednesday, Gaza's Health Ministry said, with no ceasefire in sight after more than three weeks of fighting.
GAZA/ JERUSALEM, July 29- Israel knocked out Gaza's only power plant and pounded dozens of other high-profile targets on Tuesday, while Egyptian mediators prepared a revised proposal for halting its war with Islamist militants in the enclave.
*Israel wants to pursue its hunt for Gaza tunnels. GAZA/ JERUSALEM, July 25- Israel rejected on Friday international proposals for a ceasefire in its fight against Islamist militants in Gaza, but is discussing changes to the truce plan with U.S.