Middle East and tackling food prices

World food prices up in April for second month, says UN agency

The FAO’s cereal index inched up to end a three-month decline, supported by stronger export prices for maize

Spinneys - IPO - DFM

Spinneys increases retail share offering for upcoming IPO

The supermarket chain aims to raise up to Dhs1.38bn($375m) from its IPO

Here’s what you need to know about the US bird flu outbreak

Bird flu, officially called highly pathogenic avian influenza, has increasingly spread to mammals, raising concern of human transmission

food delivery

Meituan in Saudi Arabia: Chinese food delivery platform looks at expansion

Meituan is hiring under KeeTa, the brand name it uses for food delivery operations in Hong Kong

food

What food startups should focus on to succeed in the GCC: Key insights

WOK BOYZ CEO Gaurav Sabharwal provides insights into building and scaling a food startup in the GCC market

spinneys IPO to see 900 million shares listed image courtesy spinneys

Spinneys sets IPO price range, to make DFM debut on May 9

The subscription period for UAE retail investors will run from April 23-29, and for professional investors until April 30

spinneys IPO to see 900 million shares listed image courtesy spinneys

Spinneys IPO: Food retailer to list 25% of shares on DFM

The subscription period for UAE retail investors will run from April 23-29, and for professional investors until April 30

Saudi Manpower Solutions Company gets CMA nod to list IPO on Tadawul Getty Images

Saudi Fisheries ‘relieves’ CEO of duties

In a statement, the company said that ‎Awad Farouk Al-Desouki is no longer CEO at Saudi Fisheries, effective from 15 April 2024

Modern Mills Company starts trading on tadawul after successful IPO GettyImages-1057624978-e1636003123118

Modern Mills Company debuts on Tadawul; IPO generated $40bn in orders

The IPO involved the offering of 24,549,600 shares, constituting 30 per cent of the company’s issued share capital

onion ban - India

India extends ban on onion exports indefinitely ahead of general election

Traders estimate that India accounts for more than half of all onion imports by Asian countries

Almarai to invest over SAR18bn under five-year plan

Saudi Arabia’s Almarai to invest over SAR18bn under five-year plan

The strategy, which envisions investments in supply chain and tech capabilities, will be financed from the company’s operating cash flow

Abu Dhabi’s Unifrutti expands footprint with fresh acquisitions

Abu Dhabi’s Unifrutti eyes further Latam growth after fresh acquisitions

The company is owned by Abu Dhabi wealth fund ADQ and distributes 500,000 metric tonnes of fresh fruits worldwide per year

Agri terminals facility groundbreaking ‌ in dubai by DP World

Dubai breaks ground on mega $150m Agri Terminals facility

Agri Terminals will be Dubai’s largest multi-tenant facility for integrated agricultural processing and silo storage

In numbers: Dubai registers 1.5 million food products in 2023 Getty Images For illustrative purposes

In numbers: Dubai registers 1.5 million food products in 2023

Dubai Municipality conducted a 65,230 inspections across over 26,000 registered food institutions in 2023

Americana Restaurants on MSCI UAE Index

Fast food operator Americana knocked by ME tensions

Americana is the regional franchisee for brands such as KFC, Hardee’s, and Pizza Hut

Valentine's Day

The most expensive Valentine’s Day packages on offer in Dubai

Romantics in the UAE choose to celebrate Valentine’s Day by embracing experiences over traditional gifts

Masdar City - Alesca vertical smart farm

Masdar City launches first indoor vertical farm

The vertical farm uses 90-95 per cent less water than conventional farms

tanmiah FY 2023 results Image courtesy Tanmiah

Saudi’s Tanmiah sees net profit rise 19.4% riding on poultry sales

Fresh poultry sales, the key contributor to FY 2023 profits, rose 18 per cent to SAR1.73bn over the previous year

IHC Announces Stellar Preliminary Financial Results for 2023 Image courtesy IHC X

IHC sees 18% revenue jump in 2023, as diversification pays off

Diversification into new sectors and strategic acquisitions fuelled growth, with preliminary net profit remaining strong at Dhs32.75bn

Ghitha Holding acquires 44 per cent stake in MNG Airlines Image Supplied

IHC’s Ghitha Holding acquires $211.2m stake in MNG Airlines

The acquisition strengthens Ghitha’s logistics and aviation, cementing its leadership in the regional food trading sector

Davos: MBRGI, WEF announce Dhs11m grant for food innovation initiatives

Davos: MBRGI, WEF announce Dhs11m grant for food innovation initiatives

MBRGI signed a letter of intent to enable the grant with UpLink Platform on the sidelines of the World Economic Forum, taking place in Davos

MBRGI and WFP Dhs43m-contributed-to-food-support-in-Gaza-GettyImages

Gaza relief: UAE’s MBRGI contributes Dhs43m in direct food aid

Mohammed bin Rashid Al Maktoum Global Initiatives has inked a new agreement with WFP to implement sustainable food projects and deliver food aid

two poke bowls - packaging

Fast-food chains: 9 steps to making the switch to sustainable packaging

The transition to a green economy is already underway and the food industry can play its part by switching to green and eco-friendly packaging materials

millet

Food, beverage is UAE’s second biggest sector after oil – report

The UAE’s food and beverage sector is going from strength to strength, according to report released by a body representing the industry

Michelin Guide Abu Dhabi 2024 Image supplied

Abu Dhabi: Here are the UAE capital’s latest Michelin starred restaurants

Erth, an Emirati restaurant is the latest entrant to the ‘star’ line-up

food

Food Tech Valley’s ‘GigaFarm’ capable of growing 2 billion plants

ReFarm and IGS announced the partnership from their demonstration facility in Dubai

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 - WHEAT - BRICS

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