A bakery worker carries fresh bread in Cairo, Egypt, October 25, 2017. REUTERS/Amr Abdallah Dals
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Egypt, the world's biggest wheat importer, objected to ING Groep NV's reported decision to suspend lending for wheat shipments sold to the state-run buyer. The nation's response comes after people familiar with the matter said that the Dutch lender has stopped backing deals for cargoes sold to Egypt's state buyer, the General Authority for Supply Commodities. That decision came as Egypt has slowed processing of deals in recent years and as ING gets hit by payment disputes involving cargoes sold by AOS Trading DMCC to GASC.Egypt has faced other issues over its wheat purchases.
FOLLOW THIS ARTICLE