It is being reported in London that the major commodity houses are lining up to do business in Iran.This could be a very  good opportunity to supply grains, etc. to a market of 80 million people, although it is of course conditional on several factors.

  Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Of very good news to Egyptian importers is Central Bank of Egypt (CBE) announcement that fees for opening import letters of credit will drop from 2.5 percent to 1.5 percent. While importers are happy with the decrease, they say that it will be even more important for the CBE to make more foreign currency available to banks with U.S. dollars currently in very short supply. As has been observed lately, importers are breaking...