GFM Network News

UAE-Egypt alliance expands to desert wheat venture

Reading Time: 2 minutes Abu Dhabi/Cairo | Reuters — Egypt and two companies from its strong backer United Arab Emirates have embarked on an ambitious plan to grow wheat in the desert that could boost the Cairo government’s credibility if successful. Egypt, the world’s biggest wheat importer, has long aspired to become self-sufficient in its staple food through various […] Read more

Islamic State militants grab new weapon: Iraqi wheat

Reading Time: 4 minutes Baghdad/Abu Dhabi | Reuters — 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. Fighters from the Islamic State have overrun large areas in five of Iraq’s most fertile provinces, where the United Nations […] Read more

Syria again seeks rice after failed tender

Reading Time: 2 minutes Syria is seeking 135,000 tonnes of white short grain rice, its General Foreign Trade Organization (GFTO) said on Monday, after failing to buy in a tender that closed on Aug. 25. Syria’s civil war, now in its third year, has killed more than 100,000 people and driven millions from their homes. The country has also […] Read more