Saturday 23 November 2024
 
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agri business

Glencore sells agri unit stake for $625m

Glencore has agreed to sell a 9.99 per cent stake in its agricultural business to British Columbia Investment Management Corp for $624.9 million, as it continues a push to sell up to $5 billion worth of assets this year to help cut debt.

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Agthia posts $16m Q1 net profit, up 22pc

UAE-based Agthia Group, a top F&B company, has posted a net profit of Dh59.2 million ($16.1 million) for the first quarter of 2015, up 22 per cent from the same period in 2014 due to higher sales, improved margins and controlled overheads.

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Agthia posts $16m Q1 net profit, up 22pc

UAE-based Agthia Group, a top F&B company, has posted a net profit of Dh59.2 million ($16.1 million) for the first quarter of 2015, up 22 per cent from the same period in 2014 due to higher sales, improved margins and controlled overheads.

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Egypt offers 50,000 acres for farms in Sinai

Egypt will offer within days to lease 50,000 feddans (53,800 acres) for agri-business projects in North Sinai, the irrigation minister said on Thursday.    The most populous Arab country said in April it would offer about 1

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