Arab Economic Integration Forum held in Cairo

STORY: Arab Economic Integration Forum held in Cairo DATELINE: May 24, 2022 LENGTH: 00:02:10 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. Shots of the conference 2. SOUNDBITE (Arabic): ADEL BIN ABDUL RAHMAN AL-ASSOUMI, Speaker of Arab Parliament 3. SOUNDBITE (Arabic): MOHAMMED MAET, Egyptian Minister of Finance 4. Shots of the conference STORYLINE: The Economic Integration Forum, organized by the Arab Parliament, is being held in Cairo, the Egyptian capital. The three-day forum kicked off on Monday. Addressing the opening ceremony, Adel bin Abdul Rahman Al-Assoumi, speaker of the Arab Parliament, stressed the importance of strengthening Arab cooperation in the economic field and mobilizing all efforts to achieve the desired Arab economic integration in light of the exceptional and difficult economic conditions the world is facing. SOUNDBITE 1 (Arabic): ADEL BIN ABDUL RAHMAN AL-ASSOUMI, Speaker of Arab Parliament "The global economy and the economies of the Arab face a number of challenges because of t

Egypt allocates 1.1 bln EGP to finance purchase of local wheat

STORY: Egypt allocates 1.1 bln EGP to finance purchase of local wheat DATELINE: April 5, 2022 LENGTH: 00:00:58 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Ministry of Finance headquarters 2. various of wheat harvest STORYLINE: Egypt has allocated 1.1 billion Egyptian pounds (about 60.15 million U.S. dollars) to the Supply Commodities Authority and the Egyptian Agricultural Bank, as a down payment to finance the purchase of the local wheat crop. Egyptian Minister of Finance Mohamed Maet said on Monday that the government aims to supply about 6 million tonnes of local wheat this year at a total cost of about 36 billion pounds (about 1.97 billion U.S. dollars). The minister indicated that the state's general budget is capable of positively and flexibly handling the current global economic woe, pointing out that the top priority is to meet the basic needs of people and to sustain the "strategic stock" of wheat. Xinhua News Agency correspondents reporting from Cairo. (XHTV)