DIRS.INFO The most relevant business & tech news

New Delhi CNN —Qatar has sentenced eight Indian nationals to death, India’s government said, following their reported detention in Doha last year on espionage charges. In a statement Thursday, India’s Ministry of External Affairs said it was “deeply shocked” by the verdict and would take up the matter with Qatari authorities. “We are in touch with the family members and the legal team, and we are exploring all legal options,” the statement said. CNN has reached out to Qatar’s government but has not received an official comment. The eight Indians were detained by Qatari authorities on spying charges on August 2022, CNN affiliate CNN-News18 reported Thursday.

Persons: India’s, “, Manish Tewari, Tewari, Satbir Singh, ”, Singh, Narendra Modi, ” Singh, Al Dahra, News18 Organizations: New, New Delhi CNN, Qatar, India’s Ministry, External Affairs, CNN, Indian Navy, Affairs, Indian Ex, Servicemen, Qatar Naval, United Nations Locations: New Delhi, Doha, Indian, Qatar

Summary Egypt seeking cheaper wheat amid dollar crunchRussia blocked deal that undercut price floor- tradersCAIRO, Sept 21 (Reuters) - Egypt is in talks with an Abu Dhabi-based bank for a loan facility that would finance wheat purchases from Kazakhstan, three traders told Reuters. The move could give Egypt a cheap alternative to grain from Russia, which has supplied an increasing share of Egypt's wheat since last year but recently blocked a deal for a purchase below an unofficial price floor for wheat purchases, traders say. Russia's agriculture ministry recently prevented the private sale of 480,000 tons of Russian wheat to Egypt, apparently because it was sold below the price floor, traders told Reuters. Kazakhstan is already an approved wheat import origin for Egypt, but purchases from the Central Asian country are rare. The Egyptian government recently signed a $500 million loan agreement with the Abu Dhabi Exports Office (ADEX) to buy imported wheat from UAE-based agribusiness Al Dahra.

Persons: Abu, GASC, Sarah El Safty, Michael Hogan, Aidan Lewis, Mark Potter Organizations: Reuters, General Authority for Supply Commodities, Central, Abu, Abu Dhabi Exports Office, Thomson Locations: Egypt, Russia, CAIRO, Abu Dhabi, Kazakhstan, Ukraine, France, Bulgaria, UAE

Traders have told Reuters the price could possibly be below an unofficial floor set by Russia's government to control domestic wheat prices. Other Russian wheat suppliers submitted offers on Friday at a free-on-board price of $265 per metric ton, believing it to be the set price floor, and a C&F price that exceeded $270 per ton. Traders told Reuters the price floor was not legally binding but that suppliers were expected to follow instructions from Russia's agriculture ministry. There is a lack of clarity in the market about the level of the Russian minimum floor price. GASC had also privately bought one cargo of Bulgarian wheat at $270 per ton C&F on Friday.

Persons: Mohamed Abd El Ghany, GASC, Sarah El Safty, Michael Hogan Organizations: REUTERS, Rights, General Authority for Supply Commodities, Solaris, Reuters, Traders, Abu, Abu Dhabi Exports Office, Thomson Locations: Al Qalyubia Governorate, Egypt, Rights CAIRO, Ukraine, Abu Dhabi, UAE

Search resuls for: "Al Dahra"

3 mentions found