gmg CEO Mohammed A Baker

Cover story: GMG’s Mohammed A Baker has a bold vision for his company

The CEO of GMG shares the retail giant’s global expansion strategy, and how its growth is driven by innovation and powered by excellence

UAE to reduce food loss and waste by 50% by 2030, ne’ma roadmap unveiled Image Supplied

UAE targets reducing food loss, waste by 50% by 2030

Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment unveiled the roadmap at the fourth National Dialogue on Food Security

Agthia Group’s nine-month revenue soars 10.9%

UAE’s Agthia Group posts Dhs3.27bn in nine-month revenue

The company reported a 12.7 per year-on-year increase in profit to Dhs205.6m, with the faster rate of growth relative to revenue

Egypt

UAE agribusiness in talks to acquire land in Egypt: Report

Egypt has been able to reclaim some desert as it seeks to feed a growing population but still only cultivates about 4 per cent of its total land area

InFlavour Food and Beverage Expo

Saudi Arabia to host InFlavour Food and Beverage Expo in October

A joint venture of Tahaluf and the Ministry of Environment, Water and Agriculture, the event is a key and influential platform for regional and global players in the food and beverage sector

Agtech firm Silal buys majority stake in SAFCO

ADQ-backed Silal acquires majority stake in SAFCO Group

The agtech firm said the deal will strengthen its presence in the hospitality, restaurant, and catering segments

TIM HORTONS

Grab a Double Double: Tim Hortons marks 300 stores in GCC and India

The group currently has 285 outlets in the GCC region and 22 in India as part of the Tim Hortons portfolio

Mohammed A Baker, deputy chairman CEO of GMG Image Supplied

Global wellbeing conglomerate, GMG, is focused on supporting UAE’s food security strategy

GMG is helping advance national efforts to develop sustainable food production systems through modern technologies while enhancing local production

Silal launches food tracking system powered by blockchain tech Image Silal X

Farm to fork: Abu Dhabi’s Silal launches blockchain-powered food tracking system

The traceability feature is accessible by scanning the QR code of a Silal Fresh product through the Silal App

Tanmiah, Ukraine’s MHP invest in poultry value chain

Ukraine’s MHP, Tanmiah invest in Saudi Arabia’s poultry value chain

The partnership is expected to significantly boost food security and self-sufficiency in poultry products in Saudi Arabia

Samsung Food

Samsung Food, an AI-powered food and recipe service now available globally

The platform will act as a personalised assistant that helps users discover new dishes, create tailored meal plans and order ingredients online

Subway bought by Roark Capital

Subway, Dunkin’ now a package deal? Sandwich brand bought by Roark Capital

Transaction combines Subway’s global presence and brand strength with Roark’s deep expertise in restaurant and franchise businesses

China bans seafood from Japan

China bans seafood from Japan, restaurants brace for cost jump

Beijing curbs food imports from multiple prefectures in Japan as Tokyo begins to release wastewater from Fukushima into the Pacific

Khaby Lame partners with Talabat

World’s biggest TikTok star Khaby Lame partners with Talabat in Egypt in new ad

Talabat’s collaboration with the TikTok star aims to target Egypt’s young demographic while expanding its reach

Delektia

SME Story: Interview with Ali Wahoud, founding investor at Delektia

The company is an example of a non-tech venture gaining significant traction in the dynamic Middle Eastern startup landscape

Coffee brand caffe vergnano CEO Carolina Vergnano Image supplied

Exclusive: Caffè Vergnano’s CEO shines the spotlight on UAE’s coffee culture

The UAE has become a hub of speciality coffee, with the young generation invested in learning about coffee, and opening specialty coffee shops, says Carolina Vergnano

DWTC’s hospitality arm reports 32% growth in H1 2023

DWTC’s hospitality arm reports 32% growth in H1 2023

The first half of 2023 witnessed the team’s service at 1,166 events, including royal weddings

Agthia Group is fostering UAE’s food security strategy

Exclusive: Alan Smith on Agthia Group’s growth and food security strategy

The group’s CEO explains how they are setting an example for the industry, contributing to UAE’s food security strategy

Al Dhara and ADEX to supply wheat to Egypt in $500m deal image WAM

Al Dahra, ADEX partner to supply wheat to Egypt in $500m deal

Al Dahra currently farms 28,000 hectares in Egypt that help sustain the country’s food security by producing staple crops

Tanmiah posts SAR983.1m in H1 revenues

Tanmiah H1 revenue surges to SAR983.1m on poultry sales

The food manufacturer’s half-year profit increased by 2.2 per cent to SAR32.4m from SAR31.7m a year earlier

Lulu Mall in Fujairah

Lulu to raise $2.7bn ahead of possible IPO

The Abu Dhabi-based hypermarket chain is realigning its capital structure before a possible listing in 2024 after delaying those plans this year

rice price

Soaring rice prices stretch budgets for billions in Asia, Africa

Rice contributes as much as 60 per cent of total calorie intake for people in parts of Southeast Asia and Africa

India’s rice export ban sparks concern that sugar may be next

Uneven rainfall across the country’s agricultural belts has stoked concern that sugar production will fall short

ADQ to open next gen greehouse in ADQ Image ADQ twitter

Abu Dhabi’s ADQ, Safe Haven Solutions to construct high-tech greenhouse in KEZAD

The new project will use advanced technology to sustainably cultivate tomatoes and cucumbers year-round in the UAE

Saudi

Saudi city of future enlists Dutch help to grow crops in desert

It is carving out an area the size of some 15 soccer fields to form a horticulture oasis on the outskirts of Neom

Agthia Group posts 6.6% first-half profit rise to Dhs144m

Agthia Group posts 6.6% increase in first-half profit to Dhs144m

The group’s revenues in the six months to June 30 surged by 10.3 per cent year-on-year to Dhs2.2bn

Americana Restaurants on MSCI UAE Index

Americana Restaurants posts 19.4% net profit for H1 2023

Americana said its year-on-year revenue growth was underpinned by continued expansion of restaurant portfolios across its MENA operations

Abu Dhabi's ADQ, IHC look to merge with Q Holding Image GettyImages-1366647006

ADQ, IHC Capital propose merger with Q Holding to create $12bn entity

The proposed transaction would create one of the largest real estate, hospitality, events and catering platforms in the region

McDonald's UAE Umm Suqeim All-female Team at restaurant launch Image McDonald's UAE

McDonald’s UAE opens first outlet with all-female staff, features partial solar PV roof, EV charging ports

The latest venue features another ‘first’, as the branch has also introduced curbside ordering, allowing customers to place orders digitally from designated parking spaces

food threats

Heat, conflicts and export bans: Global food threats are on the rise

The extreme heat engulfing swaths of Asia, Europe and North America is just the latest challenge driving fluctuations in the global commodity markets and impacting food prices