Bloomberg Egypt’s new wheat inspection program was met by relief from traders, who said the system will likely be easier to navigate and may lead to lower prices. The General Organization for Export and Import Control, or GOEIC, will be the sole state body responsible for wheat inspections at shipping and arrival ports, replacing government inspectors. The new system …

  Reuters Saudi Arabia’s capital markets regulator approved rules for exchange-listed real estate funds on Sunday, as part of efforts to ramp up investment in the kingdom’s housing market. The kingdom requires private money to help finance construction of around 1.5 million homes planned over the next seven or eight years. In a bid to ease a shortage of affordable …

  TEL AVIV / Reuters Egypt cancelled its three and nine month treasury bill auction on Sunday, data from the central bank showed, confounding market expectations of a steep hike in benchmark interest rates. Neither the bank nor the Finance Ministry gave any reason for the cancellation but bankers said banks had asked for yields the government found too high. …