Saturday 26 July 2014
 
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Agthia profit surges 21pc in H1

Agthia Group, one of the UAE’s leading food and beverage groups, has reported a net profit of Dh104.5 million (28.45 million) for the first half of 2014, an increase of 21 percent year-on-year driven primarily by higher sales and an overal

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Agthia profit surges 21pc in H1

Agthia Group, one of the UAE’s leading food and beverage groups, has reported a net profit of Dh104.5 million (28.45 million) for the first half of 2014, an increase of 21 percent year-on-year driven primarily by higher sales and an overal

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Savola in talks to sell packaging unit to Takween

Saudi Arabia's Savola Group has signed a non-binding agreement to sell its packaging business to Takween Advanced Industries, as it moves to focus on its core sectors of food and retailing, it said on Wednesday. Savola, which

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Savola CEO Mannaa to resign

Saudi Arabian food company Savola Group said on Tuesday its chief executive officer Abdulraouf Mannaa is to step down for personal reasons. Mannaa would be replaced by Abdullah Mohammed Noor Rehaimi, currently a board member at Sa

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Savola CEO Mannaa to resign

Saudi Arabian food company Savola Group said on Tuesday its chief executive officer Abdulraouf Mannaa is to step down for personal reasons. Mannaa would be replaced by Abdullah Mohammed Noor Rehaimi, currently a board member at Sa

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Bahrain wastes 400 tonnes of food per day

Bahrain is expected to generate more than 400 tonnes of food waste per day during Ramadan, according to a report by Supreme Council for Environment's waste disposal unit.  

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Delta Food to invest $11m in expansion

The UAE-based Delta Food Industries has announced plans to invest $11 million in expanding its factories to boost its food exports to the Middle Eastern and African regions. The new factory will be expanded over an area of 110,000

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Bahrain's food security measures win praise

Bahrain has a good environment for food security, an assessment by the Economic Development Board (EDB) has found.   According to an EDB white paper launched yesterday, the k

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GCC states 'top in food waste'

The Gulf Cooperation Council (GCC) states are among the world's top generators of food waste with the six states accounting for over 150 million tonnes of municipal waste every year, a report said. The GCC states are expected

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Savola beats estimates with 32pc profit jump

Saudi food producer Savola Group reported a higher than expected 32.4 percent jump in second-quarter net profit on Wednesday, beating analyst forecasts as it benefited from higher sales especially in its retail business. The compa

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