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A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.
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International business development is next challenge for UAE's ADNOC

FAIRFORD, ENGLAND - JULY 15: A Dassault Rafale performs at RAF Fairford during the Royal Military Air Tattoo on July 15, 2023 in Fairford, England. Up to 150,000 people are expected to attend The Royal International Air Tattoo this weekend. It is the world's largest military air show, held annually in July, in support of The Royal Air Force Charitable Trust. (Photo by Matthew Horwood/Getty Images)
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France challenges US defense industry in Middle East as Rafale fighter jet sales outshine F-35

Iranian President Ebrahim Raisi (L) and Ugandan President Yoweri Museveni (R) shake hands during his state visit to Uganda at the State House in Entebbe, Uganda, on July 12, 2023. (Photo by BADRU KATUMBA / AFP) (Photo by BADRU KATUMBA/AFP via Getty Images)
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In turnaround, Iran eyes economic opportunity in African ties

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As for countries that do not import essential food items from Russia and Ukraine, such as Algeria and Iraq, they still remain vulnerable to global supply chain bottlenecks, which are driving cost pressures among major food exporters such as the United States, Germany, France, China and Australia. “Those who have not engaged in an active diversification strategy, including toward developing the agriculture sector, will remain exposed to market volatility in the long term,” said Jihane Boudiaf, senior economic and risk analyst at S&P Global.

Mitigating measures against food supply and inflation risks

On the back of the ongoing conflict in Ukraine, governments throughout the region have taken several measures to hedge against the consequences of the war, including export bans, price controls, and cash handouts to support the most vulnerable and attenuate food inflation. The following are some of the measures that MENA countries have taken:

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