Egyptian Mercantile Exchange opens with Russian wheat offered

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Egyptian Mercantile Exchange opens with Russian wheat offered

STORY: Egyptian Mercantile Exchange opens with Russian wheat offered DATELINE: Nov. 28, 2022 LENGTH: 0:01:03 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian Stock Exchange 2. SOUNDBITE (Arabic): ATTIA HAMMAD, Head of the Bakeries division at the Cairo Chamber of Commerce STORYLINE: The Egyptian Mercantile Exchange (EMX), a new trading hub in Egypt, opened on Sunday, starting with Russian wheat being traded. The move aims to alleviate the impact of the international economic crisis of commodities, including grains. The launch of a new commodity exchange in Egypt is a great addition to the country's trading system, as the EMX is expected to help attract foreign capital to the country. The exchange will also help provide goods at a fair price, ensure the protection of small farmers, contain monopolies and achieve price stability. SOUNDBITE (Arabic): ATTIA HAMMAD, Head of the Bakeries division at the Cairo Chamber of Commerce "This issue should have been raised since a long time ago. The

  • Product Code
  • ILEA001066050
  • Registered date
  • 2022/11/28 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 56.39(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    France's investments in Egypt amount to 7.2 bln USD: Egyptian PM

    STORY: France's investments in Egypt amount to 7.2 bln USD: Egyptian PM SHOOTING TIME: June 24, 2024 DATELINE: June 25, 2024 LENGTH: 00:00:49 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the cabinet headquarters 2. various of the meeting STORYLINE: In a meeting with a delegation of the French Chamber of Commerce and Industry and representatives of French companies working in Egypt on Monday, Egypt's Prime Minister Mostafa Madbouly stated that French investments in Egypt amounted to about 7.2 billion U.S. dollars through 940 French companies in the country. During the meeting, Mostafa Madbouly reviewed the projects implemented by these companies in Egypt, their future plans, and their proposals to develop their investments in Egypt. The Prime Minister expressed hope for French companies to increase their investments in Egypt, particularly in sectors like transportation, especially metro projects. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

      Chinese investment strongly promotes Namibia's economic development: minister

      STORY: Chinese investment strongly promotes Namibia's economic development: minister SHOOTING TIME: June 18, 2024 DATELINE: June 20, 2024 LENGTH: 00:02:24 LOCATION: Windhoek CATEGORY: ECONOMY SHOTLIST: 1. various of the launch of Rossing's 2023 Sustainability and Performance Report 2. SOUNDBITE (English): TOM ALWEENDO, Namibia's Minister of Mines and Energy 3. various of the event STORYLINE: Namibia's mining industry is one of the largest contributors to the country's economy, with Chinese investment playing a significant role in the development of the uranium mining sector, Minister of Mines and Energy Tom Alweendo has said. In 2023, the mining sector contributed up to 14.4 percent of Namibia's gross domestic product, Alweendo said Tuesday at a press conference held in Windhoek, the capital of Namibia. He noted that Chinese investment has been instrumental in establishing Namibia as one of the world's largest producers of uranium. "I am honored to be here today to recognize the Rossing uranium min

        Egyptians enjoy 1st 4x4 snow drifting challenge despite hot weather

        STORY: Egyptians enjoy 1st 4x4 snow drifting challenge despite hot weather SHOOTING TIME: June 8, 2024 DATELINE: June 11, 2024 LENGTH: 00:03:00 LOCATION: Cairo CATEGORY: SPORTS SHOTLIST: 1. various of the snow drifting challenge 2. SOUNDBITE 1 (Arabic): MAHMOUD YOUSSEF, Regional director of Majid Al Futtaim 3. various of the snow drifting challenge 4. SOUNDBITE 2 (Arabic): SHERIF WAGIH, Co-pilot at Alpha Racing Team 5. various of the snow drifting challenge 6. SOUNDBITE 3 (Arabic): MENNA BELAL, Spectator 7. various of the snow drifting challenge 8. SOUNDBITE 4 (Arabic): MOTAZ SALEH, Spectator STORYLINE: At an artificial snow park in Giza province near the Egyptian capital Cairo, 15 four-wheel drive vehicles engaged in a snow drifting challenge for the first time in Egypt, amid cheers of tens of enthusiastic motorsport lovers who wore winter outfits in a subzero environment despite the hot weather outside. Ski Egypt, organizer of the snow rally at its venue, said that the event seeks to promote snow ral

          Over 200 multinationals participate in expo promoting opening-up of central China

          STORY: Over 200 multinationals participate in expo promoting opening-up of central China SHOOTING TIME: May 31-June 2, 2024 DATELINE: June 2, 2024 LENGTH: 00:02:14 LOCATION: CHANGSHA, China CATEGORY: ECONOMY SHOTLIST: 1. various of the expo 2. SOUNDBITE (English): ANNA STOJANOVIC, Advisor to the Serbian Chairman of the Chamber of Commerce and Industry STORYLINE: Over 200 multinationals are participating in the 13th Central China Investment and Trade Exposition (Expo Central China 2024), which is being held to facilitate trade and investment in the country's central region. This year's expo is in Changsha, the capital of central China's Hunan Province, and it has attracted the participation of over 1,000 businesses from 32 countries and regions, according to organizers. "Opening-up and innovation for the rise of central China" is the theme of the 2024 event, which has an exhibition area of approximately 40,000 square meters. It features a variety of areas covering fields such as digital finance, the low-a

            Chilean expert says U.S. tariff hikes on Chinese products disrupt economy, harm environment

            STORY: Chilean expert says U.S. tariff hikes on Chinese products disrupt economy, harm environment SHOOTING TIME: May 30, 2024 DATELINE: May 31, 2024 LENGTH: 00:01:37 LOCATION: Santiago CATEGORY: POLITICS SHOTLIST: 1. various of China's EV industry 2. various of the U.S. STORYLINE: A Chilean expert criticized the U.S.'s tariff hikes on Chinese new energy products, stating that the move will disrupt the economic system and undermine environmental protection efforts. SOUNDBITE (Spanish): MARCELA VERA, Economist and scholar of the University of Santiago, Chile (Usach) "Chinese (electric) cars are a huge innovation process, not only in terms of electromobility, but also in how they interrelate with communication systems, artificial intelligence and robotics. These elements are not found in the other automobile markets and, therefore, preventing this type of market (China) from developing, as it should be in a competitive system, would imply that the United States is once again interfering in the economic syst

              Egypt to raise price of subsidized bread: PM

              STORY: Egypt to raise price of subsidized bread: PM SHOOTING TIME: May 29, 2024 DATELINE: May 30, 2024 LENGTH: 00:01:17 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the televised press conference (Courtesy of the Egyptian Cabinet) 2. various of bread production STORYLINE: Egyptian Prime Minister Mostafa Madbouly announced Wednesday that the price of subsidized bread will increase up to 20 piasters. The new decision will be enforced as of June 1, the prime minister told a televised press conference. The price of a loaf of bread, which is 5 piasters now, has not been changed for more than 30 years, he said, noting that it costs the government 125 piasters to produce it. However, Madbouly said bread subsidies would continue, adding that adjustments have to be made to reflect the significant increases in production costs. He added that the cabinet discussed means of promoting the subsidy system to ease financial burdens on the government and ensure that the subsidized commodities reach the

                Egypt's strategic wheat reserve sufficient for 5.3 months: minister

                STORY: Egypt's strategic wheat reserve sufficient for 5.3 months: minister SHOOTING TIME: Archives DATELINE: May 29, 2024 LENGTH: 00:01:06 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian Minister of Supply and Internal Trade Ali Moselhi speaking (File) 2. various of wheat, sugar and oil STORYLINE: Egyptian Supply and Internal Trade Minister Ali Moselhi said on Tuesday that the country's strategic reserve of wheat is enough to last for 5.3 months, while sugar reserves are sufficient until February 2025. The minister added that oil reserves are sufficient for 6.2 months, and rice and pasta for two months. Egypt, the world's largest wheat importer, suffers from global supply chain interruptions and price hikes due to the Russia-Ukraine conflict. The country imports two-thirds of its annual consumption of 18 million tonnes of wheat, according to the state-run Ahram newspaper. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

                  Yemen's Houthis unilaterally release 113 detainees: ICRC

                  STORY: Yemen's Houthis unilaterally release 113 detainees: ICRC SHOOTING TIME: May 26, 2024 DATELINE: May 27, 2024 LENGTH: 00:02:07 LOCATION: Sanaa CATEGORY: POLITICS SHOTLIST: 1. various of the detainees 2. various of the press conference 3. SOUNDBITE (Arabic): AHMED ABDU DAIRM, Released detainee STORYLINE: Yemen's Houthi group unilaterally released 113 detainees in the Houthi-held Yemeni capital Sanaa on Sunday, the International Committee of the Red Cross (ICRC) said. "We are pleased to see that humanitarian considerations are being prioritized, particularly for the families eagerly awaiting the return of their loved ones, especially with the approach of the Eid al-Adha celebrations in a few weeks," said Daphnee Maret, the ICRC's head of delegation in Yemen. "We hope this paves the way for further releases," Maret said. The ICRC said it had conducted private pre-departure interviews with the detainees to confirm their identities, and "listen to any concerns they may have about the release pr

                    Egyptian, Lebanese officials discuss cooperation in agricultural sector

                    STORY: Egyptian, Lebanese officials discuss cooperation in agricultural sector SHOOTING TIME: May 26, 2024 DATELINE: May 27, 2024 LENGTH: 0:00:40 LOCATION: Cairo CATEGORY: POLITICS SHOTLIST: 1. various of the Egyptian cabinet 2. various of the meeting STORYLINE: Egyptian Prime Minister Mostafa Madbouly met with Lebanese Agriculture Minister Abbas Hajj Hassan in Cairo on Sunday. The two officials discussed ways for the two countries to cooperate in the agricultural sector. Madbouly stressed that his government is keen to facilitate the import of Lebanese goods, much as the Lebanese government strives to encourage the flow of imports from Egypt. Madbouly also stressed Cairo's desire to support Lebanon amidst current regional and global economic challenges. For his part, Hajj Hassan stressed the depth of historical relations between Egypt and Lebanon. He emphasized his country's deep appreciation for the Egyptian political leadership's constant eagerness to support Lebanon. Hajj Hassan pointed out

                      Nigerian central bank further raises interest rate to over 26 pct

                      STORY: Nigerian central bank further raises interest rate to over 26 pct SHOOTING TIME: May 22, 2024 DATELINE: May 23, 2024 LENGTH: 00:01:09 LOCATION: Abuja CATEGORY: ECONOMY SHOTLIST: 1. various of a busy street in Nigeria 2. various of the central bank building 3. various of press briefing by central bank officials 4. SOUNDBITE (English): YEMI CARDOSO, Governor of the Central Bank of Nigeria STORYLINE: Nigeria's central bank on Tuesday further raised the benchmark interest rate, pushing it by 150 basis points to 26.25 percent, in a move to combat the country's persistent inflation. This latest hike marks a continuation of Nigeria's aggressive monetary tightening strategy aimed at stabilizing the economy. It is the third consecutive one this year, since February, to raise the baseline interest rate known as the monetary policy rate. Yemi Cardoso, governor of the Central Bank of Nigeria, who chairs the Monetary Policy Committee, told the media at the end of a meeting in the capital of Abuja that th