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#wheat

Egypt has signed a USD 500 million (EGP 15.4 billion) deal with the Abu Dhabi Exports Office (ADEX) to fund wheat imports for five years, according to a statement by the State Information Service on Tuesday, 15 August. The deal was secured following talks with the UAE in July. The funds will be used to pay for imports from both Abu-Dhabi based agricultural company Al Dahra and ADEX. The full amount will be dispersed in five installments of USD 100…