Middle East

Mezzan buys majority stake in Saudi’s Al Safi for $24m

Mezzan buys majority stake in Saudi’s Al Safi for $24m

By RJ Whitehead

One of the Gulf’s biggest food and beverage companies has completed the acquisition of 70% of Al Safi Food, effectively granting it a local platform to manufacture and distribute food and beverage products in the Kingdom. 

© iStock

Americana saga ends after Alabbar’s Adeptio pulls out

By RJ Whitehead

The on-again-off-again sale of a majority stake in Kuwait Food Co, otherwise known as Americana, to a Gulf-based consortium has been scrapped by the Al Kharafi family, bringing to an end months of negotiations over a deal worth billions of dollars.

© iStock

UAE sends food worth $4bn to landfills each year

By RJ Whitehead

Homes and restaurants in the UAE toss out food worth an estimated AED14.7bn (US$4bn) each year, according to the Emirates Environmental Group. The waste is then dumped in the country’s landfills where capacity is shrinking.

Camel milk producer given VAT exemption for trade with GCC

Camel milk producer given VAT exemption for trade with GCC

By RJ Whitehead

Dubai-based camel milk producer Emirates Industry for Camel Milk & Products has been awarded a VAT exemption certificate by the UAE’s Ministry of Economy, which the company hopes will help it increase exports of camel milk to other Arab countries.

Saudi merger turns Foodpanda profitable in Middle East

Saudi merger turns Foodpanda profitable in Middle East

By RJ Whitehead

Global online food delivery company Foodpanda has announced a deal to merge its Hellofood business with HungerStation in Saudi Arabia to create a market leader in one of the world’s biggest food delivery markets.

Mezzan reports slow growth ahead of Saudi JV

Mezzan reports slow growth ahead of Saudi JV

By RJ Whitehead

Kuwait’s Mezzan Holding, one of the Middle East’s biggest manufacturers and distributors of food and beverages, has reported in an increase in second-quarter revenue of 2.4% over the same period in 2015 to KWD52.8m (US$175m), and a 3.9% increase in year-to-date...

Iraq has a 'lack of commitment' to biosecurity, according to an FAO official in the Middle East

Iraq has ‘chronic’ bird flu problem

By Oscar Rousseau

Iraq’s inability to tackle the cause of bird flu means the deadly virus  is likely to spread across neighbouring countries, according to an expert on animal diseases.

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Mazola signs UAE distribution deal as GCC consumption grows

By RJ Whitehead

Global cooking oil major Mazola is placing its focus on expanding even further into the Middle East’s growing non-retail sector by appointing Farm Fresh as its new distributor for food-service business in the UAE.

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