Friday 22 August 2014
 
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Halwani

Halwani Q1 net profits rise 68pc

Saudi food company Halwani Brothers Co posted a 68 percent rise in first-quarter net profits due to improving operational profits, kicking off the kingdom's earnings season. Halwani made a net profit of 21 million riyals ($5.6 million) in

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Gulf ‘loses appetite for expensive food’

The Gulf's appetite for high quality food has shrunk over the past year and companies are adapting by offering lower quality food at cheaper prices, food producers and distributors said. The economic crisis has cut consumers' dispo

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