United Arab Emirates

Mezzan buys into KSA’s Al Safi for $25m

Mezzan buys into KSA’s Al Safi for $25m

By Eliot Beer

Kuwaiti food conglomerate Mezzan Holding will buy into Saudi Arabia’s Al Safi Food for up to US$25m, while EIP, one of the buyers of Diamond Meat Processing, eyes further purchases.

Americana sale back on, NFPC sale off

Americana sale back on, NFPC sale off

By Eliot Beer

The sale of Americana finally went ahead this month, with Adeptio paying US$2.4bn, while NFPC abandoned its sale attempt, with potential buyers’ scepticism over expansion plans blamed. 

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.

The new law could also boost halal meat trade with Malaysia and Indonesia

Philippine halal law to drive meat export growth

By Jens Kastner

Outgoing Philippine President Benigno Aquino has signed into law a consolidated measure on halal exports, which may help boost the country’s meat exporters in the Middle East.

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

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.

The zebu cow is the breed that will supply the majority of Fauji Group's beef

Pakistan launches its biggest halal plant

By Shahid Husain, in Karachi

Pakistan’s largest conglomerate, the Fauji Group, has launched the country’s biggest halal abattoir, meat processing and exporting unit near Port Qasim, Karachi.

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. 

'Almarai Company announces its interest to acquire a controlling stake in National Food Products Company...' © iStock

Almarai to buy NFPC in potential $1.5bn deal

By Eliot Beer

Saudi’s Almarai has formally announced its intention to buy UAE food producer NFPC, potentially worth up to US$1.5bn, as analysts remain cautious on the firm’s outlook after mixed Q1 results.

© iStock / yelo34

Bartlett plans potato push in ME

By Eliot Beer

British potato producer Albert Bartlett is pushing ahead with its expansion into the Middle East through its Al Dahra Bartlett JV, with more UAE marketing and plans for Saudi retail.

Brazilian meat producer JBS saw the Middle East take a larger slice of its export business, with the MEA region bringing in US$2.2 bn (€1.9 bn), equivalent to 14.3% of its international revenue in 2015. (© iStock.com)

Brazilian boom in ME as exporters grow sales

By Eliot Beer

Brazilian food producers BRF, JBS and Minerva all grew their Middle Eastern business in 2015, as BRF brings forward expansion plans for its Abu Dhabi factory.

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