Egypt buys 126,000 tons of wheat from Russia, Ukraine as conflict rages on

Egypt has also bought about 63,000 tons of wheat from Romania and recently received a further shipment of the grain from France. (Shutterstock)
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Updated 14 March 2022
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Egypt buys 126,000 tons of wheat from Russia, Ukraine as conflict rages on

  • Shipments of 63,000 tons from each of the two countries set to arrive in coming days

CAIRO: Egypt has bought about 126,000 tons of wheat from Russia and Ukraine amid the ongoing conflict between the two countries.

The shipments, comprising about 63,000 tons from each side, are expected to arrive at Egyptian ports in the coming days, the Ministry of Supply and Internal Trade said.

The country has also bought about 63,000 tons of wheat from Romania and recently received a further shipment of the grain from France, it added.

The announcement came after Egyptian President Abdel Fattah El-Sisi recently met with the government to approve new incentives encouraging local wheat growers to increase their output during the current season.

Following the meeting a presidential spokesman said the talks dealt with “a review of the executive position on a number of national projects in the food security and agriculture sector,” including efforts to increase productivity.

“In this context, the president directed to grant an additional supply incentive to the price of local wheat for the current agricultural season, in order to encourage farmers to supply the largest possible quantity,” the spokesman said.

Egypt’s Minister of Supply Ali Al-Moselhi said the government aimed to purchase more than 6 million tons of local wheat during the current harvest season, which begins in mid-April.

Egyptian Prime Minister Mostafa Madbouly said on Wednesday that the country’s strategic reserve of wheat was sufficient to last for four months and that the government would not have to resort to buying further shipments from overseas before the end of the year.

Egypt is the world’s largest importer of wheat and buys most of what it needs from Russia and Ukraine.


Morocco pushes to reform social security system amid inflation and economic pressure, PM says

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Morocco pushes to reform social security system amid inflation and economic pressure, PM says

  • Speaking at the World Economic Forum in Davos, Aziz Akhannouch said his government had expanded healthcare to more than 80 percent of its population

DUBAI: Morocco’s prime minister said on Tuesday that the country was pursuing radical social and economic reforms in the wake of inflationary and economic pressures.

Speaking at the World Economic Forum in Davos, Aziz Akhannouch said his government had expanded healthcare to more than 80 percent of its population, up from just 42 percent when he took office three years ago.

He said this also coincided with consistently strong economic growth and headline inflation reducing to below 1 percent. 

“In a world that doubts itself, Morocco has decided to protect its population, reform and look forward,” he told attendees in Davos.

In late 2025, Morocco was rocked by its largest demonstrations in over a decade as youth‑led groups mobilized nationwide against deteriorating public services, deepening social inequality, and chronic unemployment.

Akhannouch said the country was aware of the difficulties facing Moroccans and was determined to ensure the country would remain on a positive trajectory.

Part of this included the provision of financial aid to more than 12 million citizens, and the formation of trusts for orphans to be paid out when they turn 18.

“Health means dignity, if you want to have a decent life you have to have good health,” he said.

Nevertheless, Akhannouch noted that the government had not forgone its budgetary principles — and had in fact balanced the country’s debt payments and achieved successful fiscal reforms. He noted S&P’s decision in 2025 to raise Morocco’s sovereign rating to BBB‑/A‑3 and restore its investment‑grade status.

Speaking on the World Cup, set to be co-hosted with neighbors Spain and Portugal in 2030, he said the project was seen as a nation-building exercise that would help spur Morocco to develop its underlying infrastructure and provide employment opportunities for young Moroccans.

“It will be a growth accelerator,” he said.

“When we build new rail networks and upgrade cities it will have a long-term impact on people.”