Sunday 11 December 2016
 
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dairy

Iran’s dairy products market to grow at 22pc

Iran’s dairy products market is projected to grow at a high compound annual growth rate (CAGR) of around 22 per cent, during 2016 to 2021, according to report by TechSci Research, a research based global management consulting firm.

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Middle East imports $400m of French dairy products

The Middle East is one of the largest importers of French dairy products at over $400 million, according to the latest research from the country’s official cheese board, the Centre National Interprofessionnel de l'Economie Laitiè

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Saudi Almarai net profit surges 10pc in Q3

Saudi-based Almarai, the largest dairy company in the GCC, made a net profit of SR654.6 million ($174.3 million) in the three months to September 30, up 10 per cent from 595.1 million ($157.4 million) in the year-earlier period. T

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Egypt dairy Domty plans $27m production boost

Egyptian dairy company Arabian Food Industries Co (Domty) is planning to invest 240 million Egyptian pounds ($27 million) in 2016-17 to fund expansion and increase production capacity. Egyptian dairy company Arabian Food Industrie

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Almarai, KKR eye Abu Dhabi food company stake

US private equity firm KKR and Saudi dairy company Almarai are among four rival groups shortlisted to bid for a majority stake in Abu Dhabi-based National Food Products Company, sources said, highlighting the appeal of the Gulf food and dairy se

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Almarai Q1 net profit up, in line with forecasts

Higher sales helped Saudi Arabia's Almarai to post a marginal rise in first-quarter net profit on Sunday, though the Gulf's largest dairy company warned of challenging market conditions in the face of the region's economic slowdown.

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Almarai wins approval for capital increase

Saudi Arabia's Almarai Company, the largest dairy company in the Gulf, said on Monday shareholders approved a capital increase for the company through bonus shares. The shareholders meeting took place on Sunday, the company sa

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Egyptian dairy firm Domty plans IPO in March

Egyptian dairy firm Arabian Food Industries Company (Domty) is planning an initial public offering (IPO) on the Cairo bourse in March, its chairman and managing director Omar El Damaty said on Wednesday. Food is seen as a fast-gro

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Almarai Q4 profit rises 13pc, meets forecasts

Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a 13 percent increase in fourth-quarter net profit on Sunday, in line with analyst estimates as sales grew faster than costs. Almarai made a profit of SR48

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Almarai costs to rise by $133m this year

Saudi Arabian dairy firm Almarai on Sunday said utility price increases and new crop-growing restrictions will increase its costs by SR500 million ($133.2 million) in 2016.   The government in December announced

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