KFC

Gulf KFC operator seeks up to $1.8bn from Saudi, UAE IPO

The final offer price is expected to be announced on November 23 and trading on both exchanges will start December 6

ADNOC Distribution

ADNOC Distribution reports 39% rise in nine-month net profit

The company’s non-fuel transactions increased by 18 per cent during the period

Gulfood manufacturing Photo WAM

Gulfood Manufacturing 2022 concludes on a successful note

The three-day event saw global participation and highlighted key issues impacting food production and food service sectors

Agthia

UAE’s Agthia Group reports 14% rise in net profit for Q3 2022

The group’s total assets stood at Dhs6.6bn as of September 30, 2022

Evren Ozlu

Insights: Why food security is a pressing priority in the IMETA region

Twenty per cent of livestock production is lost to disease every year, while one-third of all food produced is wasted

Mark Napier VP Director DWTC

Insights: How food producers can leverage sustainability-linked financing

The global food production industry is increasingly turning to green financing as a way of mitigating its impact on the planet

Middle East KFC operator set for Abu Dhabi, Riyadh dual listing

Americana Restaurants International received approval to sell a 30 per cent stake, or 2.53 billion shares

Abu Dhabi signs Milan Urban food policy pact

Abu Dhabi signs Milan Urban Food Policy Pact, commits to reducing food waste

The pact includes recommendations and actions that support the production and distribution of sustainable food systems and supply networks

Global cybersecurity Forum

HPDC, BRF announce JV to spur halal poultry production in Saudi Arabia

The joint venture will increase local capabilities in halal food production and help develop Saudi Arabia’s poultry sector value chain

Saudi Arabia’s PIF launches company to develop halal production industry

The company aims to localise knowledge, technology and innovation for the development of halal products, including foods, cosmetics, and pharmaceuticals

Joe & The Juice

Danish café chain ‘Joe & The Juice’ launches in Dubai, opens three outlets

UAE is set to welcome ten health-conscious ‘Joe & The Juice’ stores and cafes by 2024 

Mubadala Capital acquires US-based TruFood

Abu Dhabi’s Mubadala Capital acquires US-based TruFood

Financial details of the transaction were not disclosed

Cover story: UAE-based businessman Ghassan Aboud on how a sound diversification strategy drives growth

In an exclusive interview, chairman and founder of Ghassan Aboud Group explains why success is only sustainable if it is inclusive

Géant UAE partners with Bustanica, world’s largest vertical farm

Bustanica will supply a range of produce to Géant hypermarkets and supermarkets across the UAE

bread

UAE announces launch of ‘Bread for All’ initiative to support underprivileged families

The initiative aims to provide fresh bread to those in need through smart machines

Agthia Group

UAE’s Agthia Group announces interim cash dividend of Dhs65.31m for H1 2022

Its group net profit reached Dhs118m for the first half of the year, rising 74 per cent year-on-year

vertical farm

In pics: Sheikh Mohammed tours world’s largest vertical farm in Dubai

The hydroponic facility is capable of producing over 1,000,000kg of leafy greens annually

Mubadala boosts takeover bid for Burger King Brazil operator

The Abu Dhabi sovereign wealth fund’s unit MC Brazil F&B Participações is now proposing a tender offer to acquire 45.15 per cent of the firm’s shares at $1.62 apiece

Saudia Red Sea Farms

Saudi agtech Red Sea Farms signs MoU with Saudia, to supply locally grown produce

Saudia will serve Red Sea Farms’ produce, such as snack tomatoes, cucumbers and peppers to passengers, to meet customer demand and its own sustainability goals

FAO food prices drop in August 2022 Getty images162809452

World food commodity prices decline further in August, reveals FAO report

The FAO Food Price Index averaged 138.0 points in August, down 1.9 per cent from July although remaining 7.9 per cent above its value a year before

Whatsapp

WhatsApp rolls out in-app shopping product with India’s JioMart

The new feature lets users in India shop for products from JioMart, and pay for them directly within the app

Agthia group reports h1 2022 results

Agthia Group’s H1 2022 net profit rises 74% to Dhs118m

The company’s group net revenues hit Dhs2bn, up 51 per cent from last year

MoCCAE, EDB sign MoU

Emirates Development Bank, MoCCAE sign MoU to support agricultural SMEs

The MoU will see the two parties identify collaboration opportunities in food security and also support SMEs and startups in the agriculture sector

Abu-Dhabi-based ghithia q2 results_1629178265369

IHC subsidiary Ghitha Holding reports Dhs80.6m in profit for Q2 2022, a 471% rise over last year

Ghitha reported robust numbers led by its revenue reaching Dhs576m, which shows a growth of 276 per cent from Q1 2021

DP world signs del with Adroit Canada and Al Amir food

DP World signs two new development projects with agricultural commodity processors

The new integrated quayside facilities, belonging to Adroit Canada and Al Amir Foods, will enhance the year-round availability and production of essential grains and pulses

UAE leads Arab nations in 'Food System and Economic Resilience’ ranking,

UAE leads Arab nations in ‘Food System and Economic Resilience’ ranking

The UAE, Saudi Arabia and Qatar are the only Arab countries in the top quartile of the ranking

Paraguay

OPEC Fund signs off on $430m loan to Paraguay’s Banco Sudameris

Around 60 per cent of the loan will finance small and medium-sized enterprises, and the rest will support farmers and agribusinesses

Abu Dhabi food exhibition to be held in December_-GettyImages

First edition of Abu Dhabi International Food Exhibition to be held in December

The exhibition is organised by ADNEC in cooperation with Abu Dhabi Agriculture and Food Safety Authority

World's largest organic vertical farm opens in Dubai

Emirates Flight Catering opens world’s largest vertical farm in Dubai

Bustanica, a joint venture between Emirates Flight Catering and Crop One, aims to annually save over 250 million litres of water and produce more than a million kilos of produce free of pesticides

Mastercard partners with Michelin Guide Dubai

Mastercard partners with Michelin Guide Dubai as an official sponsor

List of restaurants in the first-ever Michelin Guide Dubai 2022 was released on June 21, 2022