Bloomberg Egypt made an official trade agency responsible for inspecting imported wheat, a step that could end disruptions in the purchases of world’s biggest wheat buyer by replacing quarantine officials who rejected several shipments this year for containing the ergot fungus. The General Organization for Export and Import Control, or GOEIC, will be the sole state body authorized to …

  Reuters Saudi Arabia’s main sovereign wealth fund, Public Investment Fund (PIF), is considering buying a stake in Riyadh-based ACWA Power, which operates power and water plants around the world, sources familiar with the matter said. PIF, which already owns a 13.7 percent stake in ACWA indirectly through a subsidiary, invited investment banks last month to pitch for the role …

  AFP Israel will on Tuesday launch a bidding process for oil-and-gas exploration licences off its coast in the Mediterranean, the first such offers in four years. The government has high hopes for the new blocks being offered following the discoveries of the Tamar and Leviathan natural gas fields off its coast since 2009. Israel hopes the Leviathan field will …