Business news from Ukraine

Attitudes toward Arab Republic of Egypt among Ukrainian citizens are mostly positive – study

Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The study was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:

The results of the survey are as follows:
Completely positive – 7.9%.
Mostly positive – 38.8
Mostly negative – 13.4
Completely negative – 1.2
Difficult to answer – 38.8%.
Positive – Negative – 32.1

On January 25, 1992, diplomatic relations between Ukraine and the Arab Republic of Egypt were established.

The joint research by Active Group and Experts Club on the attitudes of Ukrainians towards the countries of East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at

https://expertsclub.eu/rezultaty-spilnogo-socziologichnogo-doslidzhennya-provedenogo-experts-club-ta-kompaniyeyu-active-group-shhodo-stavlennya-ukrayincziv-do-krayin-blyzkogo-shodu-ta-czentralnoyi-aziyi/

Video – https://interfax.com.ua/news/video/986648.html

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Ukrainian corn started to rise in price on world markets due to growing demand for it from China, Turkey, Egypt and EU

Contrary to forecasts, Ukrainian corn has started to rise in price on world markets due to increased demand from China, Turkey, Egypt and the European Union, according to the analytical cooperative “Pusk”, created within the framework of the All-Ukrainian Agrarian Council (AAC).

“The expectations of the trade that with the arrival of a new corn crop from Argentina on the world market, demand and prices for Ukrainian grain would fall, did not materialize. Argentine new crop is sold at higher prices than Ukrainian corn. We can predict a rise in prices for corn from Ukraine in the coming weeks,” the analysts said.

According to them, China is actively contracting Ukrainian corn. Other importers, such as Turkey, Egypt, Italy, and Spain, have also started buying a lot of Ukrainian corn. In seaports, the conditional prices for it have risen to $142-145/ton and have been increasing for a week and a half. The supply is sinking, while demand is stable.

“It can be predicted that amid demand, prices will add $2-3 per tonne per week and reach at least $150/tonne on a CPT basis by the end of March,” the experts emphasized.

They said that in April, the main factor of corn price changes will be the information on the grain harvest in Brazil. In April, there will be more reliable information about the harvest in Brazil: the planted areas, soil moisture, and crop condition. This will affect the global market. If the drought continues in Brazil and the harvest is reduced, the price will rise. But for now, this is one of the scenarios. In case of rainfall in Brazil, the situation on the global corn market will be different.

On a DAP basis, Ukrainian corn is traded for delivery in March-April to Italy, Austria and Germany in the range of $192-197/ton, Pusk summarized.

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Africa’s population growth rate threatens resource scarcity – Egyptian president

Africa’s population growth rate threatens that the continent’s resources will no longer be enough to meet the needs of its inhabitants, Egyptian President Abdel Fattah al-Sisi said on Tuesday.

“On the African continent, we will reach the 1.6 billion mark within a few years. Africa is abundant with resources, but they cannot help everyone,” Arab news quoted the president as saying at the first Global Congress on Population, Health and Development, which runs from September 5 to 8 in Cairo.

He noted that the congress should be held annually due to the urgency of the problem.

According to the president, the number of Egyptian citizens reaches 105 million, and in addition to them, there are another 9 million people in the country, but the Egyptian government, unlike some other countries, manages to cope with the related challenges. At the same time, al-Sisi clarified, the ratio between national resources and population growth has become less optimal over the past 75 years, and this has affected the health and education system.

For his part, Egyptian Health Minister Khalid Abdel Ghaffar emphasized that demographic growth is the most serious challenge for the country. Minister of Planning and Economic Development Hala El-Sayed noted that although the birth rate has declined, Egypt’s population has grown by another 25 million people over the past 10 years.

Earlier, the Experts Club project released an analytical video about economic relations between Egypt and Ukraine.

You can subscribe to the Experts Club YouTube channel by following the link – https://www.youtube.com/@ExpertsClub

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Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE invited to join BRICS

The BRICS member states have decided to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE to join the organization, South African President Cyril Ramaphosa said on Thursday.

“We have decided to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE to become full members of BRICS,” Ramaphosa said in a speech at the BRICS summit.

The membership of these countries will become official on January 1, 2024, the South African leader explained.

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Turkey and Egypt raised level of diplomatic relations and appointed ambassadors for first time in 10 years

Turkey and Egypt have upgraded their diplomatic relations to ambassadorial level, appointing them for the first time in 10 years, the Turkish Foreign Ministry said Tuesday.
“Turkey and Egypt announce that diplomatic relations between the countries have been upgraded to ambassadorial level,” the media cited excerpts from a Foreign Ministry press release.
Salih Mutlu Shen, the country’s former representative to the Organization of Islamic Cooperation, was appointed the new Turkish ambassador to Egypt. The Egyptian side offered to appoint Amr Elhamami as ambassador to Ankara.
“The move is aimed at normalization between the two countries and reflects the mutual desire to develop bilateral relations in accordance with the interests of the peoples of Turkey and Egypt,” the document stressed.
Arab media recall that Turkish and Egyptian presidents Recep Tayyip Erdoğan and Abdel Fattah al-Sisi agreed to exchange ambassadors in late May. At that time, the office of the Egyptian leader said that in a telephone conversation the two presidents agreed to strengthen relations and cooperation between the two sides and therefore decided to raise the level of relations to ambassadors.
Relations between Ankara and Cairo deteriorated after the military coup in Egypt in July 2013. At that time, Turkey and Egypt recalled their ambassadors. In November 2013, Cairo declared the Turkish ambassador “persona non grata.

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President of South Africa and leaders of Zambia, Comoros, Congo-Brazzaville, Egypt, Senegal and Uganda to visit Kiev

South African President Cyril Ramaphosa will visit Kiev on Friday as part of his participation in the African peacekeeping mission, where he will meet with Ukrainian President Vladimir Zelensky to discuss a “peace plan” to end the war, the South African presidential press office reported.
Ramaphosa reportedly visited (Warsaw) Poland on Thursday, June 15, where he met with President Andrzej Duda.
The South African president is now on his way to Kiev for talks with President Zelensky. The mission includes leaders from South Africa, Zambia, Comoros, Congo-Brazzaville, Egypt, Senegal and Uganda as representatives of a continent that has experienced the adverse economic effects of war.
Earlier, the South African president held talks with Russian President Vladimir Putin, President Zelensky, Chinese President Xi Jinping and UN Secretary-General António Guterres.
Ramaphosa wants to make efforts to promote a “peaceful” process to resolve the Russian war against Ukraine. On Saturday, he and his delegation will arrive in Moscow for talks with Putin.

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