Food – Gulf Business

Lulu to raise $2.7bn ahead of possible IPO

Bloomberg — Fri, 11 Aug 2023 08:39:06 +0000

The Abu Dhabi-based hypermarket chain is realigning its capital structure before a possible listing in 2024 after delaying those plans this year

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Soaring rice prices stretch budgets for billions in Asia, Africa

Bloomberg — Thu, 10 Aug 2023 09:08:14 +0000

Rice contributes as much as 60 per cent of total calorie intake for people in parts of Southeast Asia and Africa

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India’s rice export ban sparks concern that sugar may be next

Bloomberg — Tue, 08 Aug 2023 04:00:20 +0000

Uneven rainfall across the country's agricultural belts has stoked concern that sugar production will fall short

The post India’s rice export ban sparks concern that sugar may be next appeared first on Gulf Business.

Abu Dhabi’s ADQ, Safe Haven Solutions to construct high-tech greenhouse in KEZAD

Neesha Salian — Mon, 07 Aug 2023 10:00:53 +0000

The new project will use advanced technology to sustainably cultivate tomatoes and cucumbers year-round in the UAE

The post Abu Dhabi’s ADQ, Safe Haven Solutions to construct high-tech greenhouse in KEZAD appeared first on Gulf Business.

Saudi city of future enlists Dutch help to grow crops in desert

Bloomberg — Mon, 07 Aug 2023 07:00:58 +0000

It is carving out an area the size of some 15 soccer fields to form a horticulture oasis on the outskirts of Neom

The post Saudi city of future enlists Dutch help to grow crops in desert appeared first on Gulf Business.

Agthia Group posts 6.6% increase in first-half profit to Dhs144m

Kudakwashe Muzoriwa — Thu, 03 Aug 2023 08:48:20 +0000

The group’s revenues in the six months to June 30 surged by 10.3 per cent year-on-year to Dhs2.2bn

The post Agthia Group posts 6.6% increase in first-half profit to Dhs144m appeared first on Gulf Business.

Americana Restaurants posts 19.4% net profit for H1 2023

Marisha Singh — Thu, 03 Aug 2023 07:55:57 +0000

Americana said its year-on-year revenue growth was underpinned by continued expansion of restaurant portfolios across its MENA operations

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ADQ, IHC Capital propose merger with Q Holding to create $12bn entity

Neesha Salian — Wed, 02 Aug 2023 19:56:27 +0000

The proposed transaction would create one of the largest real estate, hospitality, events and catering platforms in the region

The post ADQ, IHC Capital propose merger with Q Holding to create $12bn entity appeared first on Gulf Business.

McDonald’s UAE opens first outlet with all-female staff, features partial solar PV roof, EV charging ports

Neesha Salian — Tue, 01 Aug 2023 08:21:33 +0000

The latest venue features another 'first', as the branch has also introduced curbside ordering, allowing customers to place orders digitally from designated parking spaces

The post McDonald’s UAE opens first outlet with all-female staff, features partial solar PV roof, EV charging ports appeared first on Gulf Business.

Heat, conflicts and export bans: Global food threats are on the rise

Bloomberg — Wed, 26 Jul 2023 07:29:53 +0000

The extreme heat engulfing swaths of Asia, Europe and North America is just the latest challenge driving fluctuations in the global commodity markets and impacting food prices

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