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Mintiply Capital advises on Dhs1.2bn exit for fast-growing GCC F&B group

A fast-scaling e-commerce platform forms a core pillar of the business, supporting consistent growth across both physical and digital channels while strengthening customer engagement and retention

Gulf Business
Gulf Business

17 December, 2025

Mintiply Capital advises on Dhs1.2bn exit for fast-growing GCC F&B group
Noel Hatem, chief operating officer at Mintiply Capital/Image: Supplied

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Mintiply Capital has been appointed to lead an Dhs1.2bn investment opportunity tied to the strategic exit of one of the GCC’s fastest-growing food and beverage groups, as regional investor appetite for scalable consumer platforms continues to accelerate.

The investment banking advisory firm is advising on the full exit process for the diversified F&B group, providing end-to-end support spanning valuation, deal structuring, investor onboarding and regulatory coordination. Mintiply Capital is positioning the asset for acquisition by engaging qualified regional and international investors, with the objective of ensuring a smooth ownership transition while maximising value for all stakeholders.

The opportunity centres on a fully integrated F&B and e-commerce ecosystem that spans multiple verticals, including supermarkets, cafés, bakeries, catering services and digital food delivery. Over more than a decade, the group has evolved from a niche retail concept into a multi-brand platform comprising multiple physical outlets, café concepts and a proprietary online delivery channel.

“This initiative represents a landmark opportunity for investors to participate in a truly integrated F&B and e-commerce ecosystem in the GCC,” said Noel Hatem, chief operating officer at Mintiply Capital. Hatem added: “Beyond strong financial returns, this project offers regional investors access to a high-growth, diversified business with proven scalability, a robust operational model, and the potential to shape the future of the F&B and e-commerce landscape in the region.”

“The market is evolving rapidly, and we are offering a structured, high-potential investment that combines strong fundamentals with clear growth and scalability across the region,” Hatem concluded.

A differentiated model

Positioned between premium gourmet retailers and value-driven supermarkets, the group has built a differentiated model that combines quality offerings with competitive pricing. This approach has enabled it to capture a broad consumer base, double its market alpha within two years and expand its portfolio of branded and private-label products.

A fast-scaling e-commerce platform forms a core pillar of the business, supporting consistent growth across both physical and digital channels while strengthening customer engagement and retention.

As part of the transaction, Mintiply Capital is also advising on the structuring of the acquisition framework for incoming investors, including the design of the investment vehicle, cross-jurisdictional regulatory compliance, and operational, financial and commercial due diligence. The firm is supporting the development of a comprehensive deal structure that enables investors to acquire the group’s full ecosystem seamlessly.

The transaction comes against the backdrop of strong M&A momentum in the Gulf. Regional deal activity is expected to surpass $115bn in 2025, with EY’s MENA M&A Insights 9M 2025 report showing a 23 per cent increase in deal volumes during the first nine months of the year. Cross-border transactions accounted for 54 per cent of deal volume and 76 per cent of total deal value, marking the highest level in five years.

By curating this investment opportunity, Mintiply Capital reinforces its role in connecting global capital with high-performing regional businesses positioned for strategic ownership transitions and long-term growth.

Up to SAR100,000 in fines: Saudi authorities tighten rules for Hajj transportation

Service providers will not be allowed to operate Hajj transportation services within the designated geographical area without an official permit

Gulf Business
Gulf Business

17 December, 2025

Up to SAR100,000 in fines: Saudi authorities tighten rules for Hajj transportation
Image credit: Getty Images

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The Royal Commission for Makkah and the Holy Sites has unveiled draft regulations governing Hajj transportation activities, marking a significant step toward strengthening oversight and operational standards for one of the kingdom’s most critical seasonal sectors.

According to the proposed framework, violations of the regulations could result in a range of penalties. These include fines of no less than SAR150 and up to SAR100,000, disqualification from participating in Hajj operations for a minimum of one season and up to three seasons, or the permanent revocation of operating permits, depending on the severity of the offense, a Saudi Gazette report said.

Read more-Hajj 2026: How Saudi plans to boost accommodation services

Under the draft regulations, service providers will not be allowed to operate Hajj transportation services within the designated geographical area without first obtaining an official permit. Permits will be issued by the guiding center responsible for the transportation of pilgrims.

Service providers seeking to participate must submit an application expressing their intent to operate during the Hajj season. The application must include details such as the number of buses available and compliance with the requirements specified by the center, demonstrating full readiness to participate in Hajj transportation services.

Applications will be accepted annually starting on the first of Jumada Al Thani and will remain open for a period of 60 days. All submissions must be made electronically to the entity designated by the center.

Documentation and operational obligations

In addition to submitting applications, service providers are required to furnish all necessary data and documents related to their participation in Hajj transportation. These materials must be submitted no later than Shawwal 15 each year. The center retains the authority to extend this deadline until the end of Shawwal if needed.

The draft regulations also impose strict operational standards during the Hajj season. Service providers must immediately supply an alternative means of transportation if a vehicle breaks down. The replacement must be provided within one hour inside cities and their suburbs, and within two hours outside city limits.

If a provider fails to meet this requirement, the relevant authority will arrange alternative transportation that complies with the center’s approved specifications, with all related costs borne by the service provider.

The regulations further stipulate that service providers must deploy a sufficient number of qualified technicians to maintain buses throughout the Hajj transportation season. This requirement is aimed at ensuring efficient and continuous operations in line with standards set by the center.

Precious metals rally: Silver crosses $65, Gold gains on labour market weakness

The unemployment data has helped precious metals and weakened the dollar, prompting investors to look for other asset classes

Reuters
Reuters

17 December, 2025

Precious metals rally: Silver crosses $65, Gold gains on labour market weakness
Image credit: Getty Images

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Silver jumped past the $65-per-ounce mark for the first time on Wednesday, while gold edged higher after US jobs data showed a softening labour market, rekindling expectations of further rate cuts next year and boosting demand for precious metals.

Spot silver was up 3.2 per cent at $65.80 an ounce after rising to an all-time high of $65.99 earlier in the session. Spot gold prices rose 0.5 per cent to $4,322.93 an ounce by 0407 GMT.

US gold futures gained 0.5 per cent to $4,352.60.

Read more-Gold climbs 64% this year: What the US jobs report means next

“There is a major short squeeze (so speculative trade) happening in silver… and we are not seeing the supply side responding the way it should have after the US added silver to the critical minerals list,” said Kunal Shah, head of research, Nirmal Bang Commodities.

“Every country planning to enter the data center-AI space will need more of silver,” Shah said, noting that current trends could push silver towards $70.00 in the near term.

The rally followed US data showing the unemployment rate rose to 4.6 per cent in November, above a Reuters poll forecast of 4.4 per cent.

The unemployment data has definitely helped precious metals and weakened the dollar, prompting investors to look for other asset classes offering higher returns as a hedge against risk, GoldSilver Central MD Brian Lan said.

Investors now await the US Consumer Price Index data on Thursday and the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge, on Friday.

Last week, the Fed delivered its third and final quarter-point rate cut for the year, while Chair Jerome Powell’s accompanying comments were perceived as less hawkish than expected.

Traders still expect two cuts of 25 basis points each in 2026.

Non-yielding assets like bullion typically perform well in low-interest-rate environments.

From ground crews to drones: RTA trials smarter traffic signal cleaning

The initiative reflects RTA’s commitment to adopting smart, future-focused solutions aimed at enhancing service quality, optimising resource efficiency

Gulf Business
Gulf Business

17 December, 2025

From ground crews to drones: RTA trials smarter traffic signal cleaning
Image credit: Dubai Media Office/Website

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Dubai’s Roads and Transport Authority (RTA) has launched a pilot operation to clean traffic signals across the emirate using drone technology, marking another step in the authority’s drive to integrate advanced technologies into its operational processes.

The initiative reflects RTA’s commitment to adopting smart, future-focused solutions aimed at enhancing service quality, optimising resource efficiency, and achieving the highest levels of traffic safety for all road users. By leveraging drone technology, RTA is reshaping traditional maintenance practices while aligning its operations with broader sustainability and innovation objectives.

According to a Dubai Media Office report, the use of drones significantly enhances safety standards by eliminating the need for manlifts during cleaning operations. This shift reduces potential risks to workers and road users alike, while also minimising disruptions typically associated with heavy maintenance equipment.

Read more-From 15-minute drops to urban air mobility: Drone deliveries go mainstream in the UAE

The pilot operation also delivers measurable operational and environmental benefits. By limiting reliance on fuel-intensive machinery, the initiative helps reduce operational costs, lower fuel and water consumption, and cut emissions generated by conventional equipment. These efficiencies support RTA’s sustainability goals while reinforcing its focus on responsible infrastructure management.

Image credit: Dubai Media Office/Website

Measurable operational gains

Abdulla Ali Lootah, director of Roads and Facilities Maintenance at the Traffic and Roads Agency, RTA, said the authority continues to adopt innovative technologies to enhance maintenance activities, sustain operational efficiency, and ensure consistent performance across Dubai’s road network and related facilities.

Lootah noted that the pilot included a comparative assessment between drone-based cleaning and traditional methods. The evaluation focused on time efficiency, cost effectiveness, quality of execution, and compliance with safety requirements, providing a comprehensive benchmark for future deployment.

The first phase of the pilot involved a series of trials at the Marrakech Street–Rebat Street junction, where a limited traffic closure was implemented to ensure the highest safety standards during testing. Preliminary results showed a reduction in operational time ranging from 25 per cent to 50 per cent, with a drone able to clean a single side of a traffic signal in just three to four minutes.

The trials also indicated an estimated reduction in operational costs of up to 15 per cent compared with traditional methods. Projections suggest this figure could increase to 25 per cent as more advanced drone technologies are introduced.

Lootah emphasised that the pilot will continue, with upcoming phases assessing cleaning methodologies to ensure maximum safety and zero impact on traffic flow, further strengthening Dubai’s road infrastructure performance.

Why corporate travel risk management will define resilience in 2026

In 2026, travel risk management will be a defining test of an organisation’s maturity, revealing whether companies are prepared to safeguard their people, operations, and sustain trust

Carl Sykes
Carl Sykes

17 December, 2025

Why corporate travel risk management will define resilience in 2026
Image: Supplied

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As global travel accelerates in step with economic recovery and growing geopolitical complexity, the conversation around risk is evolving rapidly. In 2026, corporate travel risk management will no longer be viewed as a peripheral function. It will become a defining element of organisational resilience, operational continuity, and reputational stewardship.

This transition is neither abstract nor theoretical. It is already unfolding in tangible ways that are impacting companies, travellers, and operations around the world. In recent days, southern Thailand has faced the most severe flooding in its recorded history. At least 33 lives have been lost. The business hub of Hat Yai, located near the Malaysian border, received more than 335 millimetres of rain in a single day, the highest rainfall in over 300 years. The government deployed naval vessels and helicopters to respond across ten affected provinces. These events are tragic, but they are also a reflection of what now constitutes normal operating conditions for companies with international footprints.

In the Middle East and North Africa region, the outlook for corporate travel is striking. In 2025, travel is projected to grow by 6.1 per cent, with the market forecast to reach over $270bn by 2030. Saudi Arabia remains the most visited destination, with Q3 2025 showing a noticeable rise in business travel despite broader volatility. This momentum reflects regional connectivity, infrastructure investment, and rising commercial opportunities. It also brings a sharpened sense of urgency around preparedness and risk mitigation.

For too long, travel risk management has been seen through a narrow lens. It has been treated as an operational necessity, often managed through booking policies and insurance coverage. That limited view is no longer sustainable. The risk landscape has grown more complex, with disruptions stemming from environmental events, political instability, cybersecurity incidents, misinformation, and more. The traditional model of reacting to crises after they occur is not only outdated, it is dangerous.

Travel resilience

The organisations that succeed in this new landscape will be those that embed travel resilience into their strategy. This means elevating travel risk from a back-office concern to a leadership priority. It means developing comprehensive duty-of-care policies that anticipate rather than react. Most importantly, it means investing in people, ensuring that employees are trained, informed, and empowered to navigate uncertainty with clarity and confidence.

Effective training goes well beyond compliance. It involves equipping individuals with the skills to interpret unfamiliar environments, respond to rapidly evolving threats, and make critical decisions under pressure. Training should cover not only personal safety or hostile environment awareness, but also situational judgement, cultural sensitivity, and effective communication during disruption. These capabilities are essential, not optional, for today’s mobile workforce.

In parallel, organisations must consider how information is gathered and delivered. The issue is no longer access. It is credibility as misinformation spreads quickly. Outdated or politically skewed travel guidance can easily mislead decision-makers and travellers alike. Curated, intelligence-led risk advisory services are essential to help filter the noise and provide accurate, timely insights that support better decisions. These insights are particularly vital in fast-moving scenarios where delays in understanding the threat can escalate operational and reputational risk.

Resilience is also about connectivity. When disruptions occur, travellers should never be isolated. Companies must build communication frameworks that link employees on the ground with decision-makers and support teams in real time. These systems should be tested, embedded, and understood long before they are needed. Crisis response must not be improvised.

In 2026, we are entering a phase where the organisations that thrive will not necessarily be those with the most complex systems or the largest budgets. They will be those who approach risk with discipline, invest in the competence of their people, and prepare proactively for an increasingly unpredictable global environment.

Corporate travel

Corporate travel is no longer a routine activity. It is a potential point of vulnerability, but also an opportunity to lead with foresight and responsibility. Risk is not disappearing; on the contrary, it is multiplying. The question is whether organisations will treat it as a cost to be contained or a capability to be strengthened.

In 2026, travel risk management will be a defining test of an organisation’s maturity. It will reveal whether companies are truly prepared to safeguard their people, protect their operations, and sustain trust in a world where certainty is no longer guaranteed.

The organisations best equipped to navigate the year ahead will not be defined solely by their ability to respond effectively under pressure, but by the foresight and preparation they invest long before disruption occurs.

The writer is the CEO at Neptune P2P Group.

How Four Seasons Abu Dhabi became the preferred base for investors, innovators

Four Seasons Abu Dhabi is redefining executive hospitality through dealmaking spaces, ESG-led operations, and bleisure living, says GM Bob Suri

Nida Sohail
Nida Sohail

17 December, 2025

How Four Seasons Abu Dhabi became the preferred base for investors, innovators
Credit for images: Bob Suri (left) Supplied, Illustrative image (right) Getty Images

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From discreet dealmaking spaces to ESG-driven operations and bleisure-friendly suites, Four Seasons Abu Dhabi is redefining how global leaders work, connect, and experience the capital, says GM Bob Suri

Four Seasons Abu Dhabi sits at the heart of Al Maryah Island, adjacent to Abu Dhabi Global Market (ADGM) and the city’s major financial institutions. How do you see the hotel’s role within this ecosystem of banks, sovereign funds, fintechs, and global investors?

At Four Seasons Abu Dhabi, our strategic location on Al Maryah Island positions us at the very heart of the city’s financial ecosystem, adjacent to ADGM and key institutions. This allows us to play an active role in supporting the business community, whether through hosting high-level meetings, networking sessions, or providing spaces where important discussions can take place. For example, our restaurants, such as Butcher & Still and Cafe Milano, as well as the Al Meylas Lounge, have become well-recognised hubs for business gatherings. Each year, we strengthen this role through partnerships such as Abu Dhabi Finance Week, and this December, we are proud to cater during the event, further embedding ourselves as a preferred destination for executives and investors. The combination of location, bespoke service, and thoughtfully designed spaces enables Four Seasons Hotel Abu Dhabi to be both a business facilitator and a hospitality destination, offering an experience that seamlessly blends work and lifestyle.

Read more-Abu Dhabi launches FIDA cluster to drive next-generation finance push

You’ve spent more than three decades in international hospitality, including senior roles in Dubai and Baku before moving to Abu Dhabi. How does your global experience shape the way you support the financial community here on Al Maryah Island?

With over three decades in international hospitality, spanning roles in three continents, I have gained a deep understanding of how business leaders operate and what they value when traveling for work. Each market has its own nuances. Dubai taught me the importance of seamless luxury service in a fast-paced financial hub, while Baku reinforced the value of building strong relationships through hospitality and attention to detail. Applying these lessons in Abu Dhabi allows Four Seasons to anticipate and tailor experiences for the unique needs of the financial community on Al Maryah Island. Our guests are highly discerning finance professionals who seek privacy, efficiency, and spaces that facilitate meaningful discussions. For example, our private dining rooms in Butcher & Still and Cafe Milano are frequently booked by business delegations and executives, providing an ideal environment for focused meetings, deal-making, or networking dinners. Being strategically located adjacent to ADGM, we can attract key executives, delegations, and global investors, and our team works proactively to ensure these guests experience bespoke offerings aligned with Abu Dhabi’s evolving financial ecosystem.

ADGM has seen rapid growth in active companies and assets under management. From your vantage point at the hotel, what shifts are you seeing in the profile and expectations of business and finance guests?

ADGM continues its rapid expansion. What stands out is how executives are increasingly blending longer stays with meaningful in-person engagement; a shift that aligns with broader 2025 travel trends, where business travellers are opting for fewer, but more extended, trips. These longer stays offer the opportunity to build deeper relationships, conduct thorough deal-making, and also take in the local culture. At Four Seasons Abu Dhabi, this manifests in very tangible ways: we see a significant rise in bookings for our private dining rooms and executive suites, as finance delegations increasingly value the combination of discretion, sophistication, and convenience. Meanwhile, the modern business traveller also expects smart, connected spaces; from high-speed seamless connectivity to secure meeting facilities, which is something we deliver very intentionally.

High-level dealmaking increasingly requires spaces that balance privacy, technology, and a hospitality-led atmosphere. How does Four Seasons Abu Dhabi design or curate its meeting rooms and executive spaces to support discreet negotiations and investor gatherings, especially during events like Abu Dhabi Finance Week?

High-level dealmaking requires spaces that seamlessly combine privacy, technology, and a hospitality-led atmosphere, and that is precisely how we approach our meeting and executive spaces at Four Seasons Abu Dhabi. Our property offers a range of venues designed to accommodate every scale and need, from our intimate private dining rooms and boardrooms, which are frequently used by finance delegations for confidential meetings and negotiations, to larger waterfront ballrooms ideal for summits and investor gatherings. Each space is equipped with state-of-the-art technology, including advanced AV systems and secure communication capabilities, ensuring that every meeting runs smoothly and discreetly. During key events such as Abu Dhabi Finance Week, we scale our services to match the intensity and importance of the moment. This includes dedicated concierge teams, bespoke catering, and seamless logistics, allowing executives to focus on their meetings.

Sustainability is now a central priority for many global corporates and investors. How is Four Seasons Abu Dhabi incorporating ESG principles into its operations, and how important is this to your business guests?

Sustainability and ESG are central to how I approach operations at Four Seasons Abu Dhabi, not just as corporate priorities, but as a personal commitment to the community and environment in which we operate. Over my career, I’ve learned that luxury hospitality and environmental responsibility can coexist and here, we strive to embed both into every aspect of the guest experience.

At our property, we’ve implemented concrete initiatives that reflect this philosophy. For example, our partnership with BE WTR allows us to eliminate single-use plastic bottles by providing purified water in elegant reusable glass bottles, which significantly reduces waste while enhancing the guest experience.

Our hotel’s mashrabiya-inspired façade helps reduce solar heat gain and supports natural ventilation, cutting energy consumption. We also operate water-efficient landscaping and conserve energy through smart room systems, and our food and beverage outlets prioritise locally-sourced ingredients, and zero-waste approaches wherever possible.

From a guest perspective, these efforts resonate strongly with the modern business traveller. Many of our finance and corporate clients actively consider ESG practices when selecting partners, and seeing our tangible initiatives, whether it’s eco-conscious dining, reduced plastic usage, or local community engagement, strengthens trust and alignment. On a broader level, we also engage in local conservation projects, such as mangrove planting in Al Jubail, and ensuring our impact extends beyond the hotel walls. Four Seasons Hotel Abu Dhabi has just achieved Silver Certification by EarthCheck, a global benchmarking program that helps travel and tourism businesses measure, manage, and and improve their environmental, social, and cultural sustainability performance.

Many executives now blend business and lifestyle, bringing families, extending trips, or using Abu Dhabi as a regional base. How is the hotel evolving its offering to cater to this new way of travelling and working?

Many of today’s executives stay, extend their trip, bring their families, and use Abu Dhabi as a regional base. This ‘bleisure’ (business + leisure) trend is especially pronounced in the UAE, where reports suggest that up to 96 per cent of business travellers combine work and leisure to make the most of their time.

At Four Seasons Abu Dhabi, we’ve seen this manifest directly in how guests choose to stay with us. Executives often book our Executive Suites and Deluxe Executive Suites not just for work, but because these spaces
offer enough room and comfort for families. These suites combine dedicated work areas, and living space, ideal for someone who needs to work by day but also wants a warm, residential experience in the evenings with loved ones.

Our amenities are designed to support this lifestyle blend. Through our Kids For All Seasons programme, for example, children are looked after by trained staff, giving parents time to strike a balance between business and family. Meanwhile, our location on Al Maryah Island, connected to The Galleria shopping mall, makes it easy for guests to enjoy shopping, dining, and cultural experiences during downtime.

As Abu Dhabi’s financial sector continues to scale, what opportunities do you see for Four Seasons Abu Dhabi to deepen its role as a preferred hub for global capital, innovators, and decision-makers?

Looking ahead, Abu Dhabi’s financial sector is entering an exciting phase of growth, with increasing activity in areas such as sovereign capital, fintech, AI, and sustainable finance. From our vantage point at Four Seasons Abu Dhabi, this presents a unique opportunity to further position the hotel as a preferred hub for global capital, innovators, and decision-makers.

We aim to continue building on our existing strengths: our strategic location on Al Maryah Island, adjacent to ADGM; our versatile private dining rooms and executive suites that facilitate high-level meetings; and our hospitality-led approach that blends discretion, comfort, and seamless service. By leveraging these assets, we can host more targeted networking events, investor summits, and bespoke corporate experiences that align with the ambitions of Abu Dhabi’s financial community.

Moreover, we see opportunities to integrate innovation and technology into our offering, from hybrid meeting solutions to enhanced executive services, creating an environment where business and lifestyle naturally converge. As Abu Dhabi continues to attract global talent and investment, Four Seasons Abu Dhabi is uniquely positioned to not only accommodate but actively support these leaders in their work, their decision-making, and their experience of the city.

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