Middle East

UAE firms buy Power Horse stake

UAE firms buy Power Horse stake

By Eliot Beer

Two UAE-based investment firms have bought a significant stake in Austrian energy drink producer Power Horse, and plan to expand the business’s reach beyond its Middle Eastern stronghold. 

Photo: iStock

Consumers seek Ramadan bargains as UAE ups subsidies

By Eliot Beer

Saudi, UAE and Egyptian shoppers are prepared to switch brands for a bargain even as they increase their food spend during Ramadan—a time when the UAE Ministry of Economy pays US$68m on food subsidies.

Siniora CEO: 'This will add to Siniora’s portfolio, to help us continue our growth in the same way as we have in Jordan and Palestine...' ©iStock

Siniora buys UAE’s DMP, eyes GCC growth

By Eliot Beer

Palestinian meat producer Siniora has bought the UAE firm Diamond Meat Processing (DMP) in a deal worth US$17m, in order to expand into the UAE and wider GCC.

©iStock

$4bn Americana sale collapses

By Eliot Beer

The sale of Americana to investor consortium Adeptio will not proceed, both parties announced on Sunday, ending a transaction which could have been worth as much as US$4bn.

©iStock

Brazil agri exports extend regional reach

By Eliot Beer

Brazilian agribusiness exporters are expanding their markets in the Middle East, as poultry sales boom, Saudi rice imports ramp up, and live cattle exports to Egypt are set to resume.

© iStock

Egypt smashes wheat target, continues buying

By Eliot Beer

Egypt has exceeded its domestic wheat-buying target, paying farmers for more than 4.3m tonnes, but plans to keep purchasing wheat until the end of the season as reformers look to the future.

© iStock

Spinneys and Multibrands go under the hammer

By Eliot Beer

US private equity firm TPG Capital may buy Spinneys Egypt for US$100m, as Gulf Capital announces the acquisition of GCC food distributor Multibrands to target the fast-growing Saudi F&B market.

Photo: iStock

Asia-Pacific nations lead in growth of ethical labels market

By RJ Whitehead

China, the United Arab Emirates and Australia are expected to be the fastest-growing vegan markets between 2015 and 2020, according to data from Euromonitor International’s newly launched ethical labels database.

The halal market is expected to grow significantly over the next four years

Halal labelling expected to grow

By Oscar Rousseau

The prevalence of halal labelling is expected to grow by a quarter between now and 2020, according to market research firm Euromonitor International. 

Photo: iStock

GNT opens colours base for GCC market

By RJ Whitehead

Global colours major GNT Group has opened an affiliate office in Dubai to service GCC countries which, the company says, are “becoming aware of the need for real colour solutions”. 

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