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Egypt flip-flop has wheat market saying ‘you go first’

  Bloomberg For the second time this year, Egypt changed and then quickly reversed its import standards for wheat, leaving traders skeptical about doing business with the world’s largest buyer. Egypt canceled its zero-tolerance policy on a common type of fungus known as ergot on Wednesday, less than a month after reinstating the ban and rejecting cargoes from Romania to ...

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Saudi meets Iran for oil talks before Algiers next week

  Bloomberg OPEC members Saudi Arabia and Iran, whose rivalry derailed an oil supply accord earlier this year, met in Vienna a week before the organization holds talks in Algeria. The two oil producers, along with fellow OPEC member Qatar, met at the headquarters of the Organization of Petroleum Exporting Countries in Vienna, according to three people familiar with the ...

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Egypt’s three mobile operators shun 4G licences

  CAIRO / Reuters Egypt’s three established mobile phone operators have declined to buy fourth-generation (4G) service licences, two Egyptian telecoms officials said on Thursday. The companies, Vodafone, Orange and Etisalat, did not respond to repeated requests for comment. The Egyptian officials declined to be named as no official announcement had yet been made. The Egyptian government is selling four ...

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