Saturday 30 August 2014
 
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Food

Gaza farms devastated by fighting: UN food body

The conflict in Gaza has caused serious damage to crops, herds and fishing as well as greenhouses and irrigation systems, bringing food production to a halt and sending prices sharply higher, the United Nations food body said on Thursday.

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Savola starts talks on acquiring Kuwait's Americana

Major Saudi food producer Savola Group said on Wednesday it had begun preliminary talks on a potential acquisition of Kuwait Food Company (Americana) , one of the Middle East's largest food companies. Savola has attended an in

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Kuwait Food gains surge 8.7pc in Q2

Kuwait Food Company, which sells food products under the Americana brand name, reported an 8.7 per cet increase in second-quarter net profit. The company made a profit of KD12.80 million ($45.2 million) compared with KD11.78 milli

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World food prices hit six-month low in July

Global food prices hit a six-month low in July led mainly by sharp declines in grains, oilseeds and dairy, which balanced out rising meat and firm sugar prices, the United Nations food agency said on Thursday. The Food and Agricul

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Bahrain’s food import costs set to hit $1bn

Food import costs are expected to top the $1 billion (BD377 million) mark for the first time in Bahrain this year as the country increases its reliance on imported goods. According to London-based Economic Intelligence Unit (EIU),

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Saudi food consumption to hit $113bn

Saudi Arabia’s food consumption is expected to grow by 53 per cent to reach $113 billion by 2016, said a report. Per capita food consumption is also expected to grow by 40 per cent over the same period to reach $2,104, the report

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Agthia profit surges 21pc in H1

Agthia Group, one of the UAE’s leading food and beverage groups, has reported a net profit of Dh104.5 million (28.45 million) for the first half of 2014, an increase of 21 percent year-on-year driven primarily by higher sales and an overal

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Agthia profit surges 21pc in H1

Agthia Group, one of the UAE’s leading food and beverage groups, has reported a net profit of Dh104.5 million (28.45 million) for the first half of 2014, an increase of 21 percent year-on-year driven primarily by higher sales and an overal

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Savola in talks to sell packaging unit to Takween

Saudi Arabia's Savola Group has signed a non-binding agreement to sell its packaging business to Takween Advanced Industries, as it moves to focus on its core sectors of food and retailing, it said on Wednesday. Savola, which

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Savola CEO Mannaa to resign

Saudi Arabian food company Savola Group said on Tuesday its chief executive officer Abdulraouf Mannaa is to step down for personal reasons. Mannaa would be replaced by Abdullah Mohammed Noor Rehaimi, currently a board member at Sa

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