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Egypt in talks with UAE bank for funding over wheat purchases
The Egyptian government is in talks with a United Arab Emirates bank for funding over wheat purchases.
Egypt in talks with UAE bank for funding over wheat purchases
Egypt hopes to secure loan from a United Arab Emirates bank to buy wheat from Kazakhstan. / Photo: AP / AP
By trtafrika
September 24, 2023

Egypt is in talks with UAE-based Abu Dhabi Commercial Bank (ADBC) for the potential financing of its wheat purchases, Supply Minister Ali Moselhy said on Sunday.

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Reuters reported last week that the country was in early talks with an Abu Dhabi-based bank for a loan facility for wheat purchases from Kazakhstan.

SOURCE:Reuters
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