Al Dahra, a UAE-based agribusiness, and the Abu Dhabi Export Office (ADEX) have signed a five-year agreement worth $500 million to finance Egypt's wheat imports, the firm announced on Monday. The agreement will see $100 million worth of "high quality imported milling wheat" go to Egypt per year at "competitive prices," according to the statement. The deal comes as the Egyptian government has been struggling to cope with an economic crisis that has seen its' currency depreciate 50 percent to the dollar and food inflation reach double-digits at 65.8 percent in June according to a World Bank report in last month. Egyptian Minister for Supply and International Trade Dr.
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