Saudi food and beverage manufacturing major Almarai has recorded solid results for Q2 despite the shipping woes and regional pressures. Its revenue surged 11% y-o-y to hit SAR5.87 billion ($1.54 billion) driven by resilient supply chain and robust demand across its core sectors.
Dubai Summer Surprises (DSS), the emirate's annual summer retail and entertainment festival, kicks off on July 2 offering 60 action-packed days of shopping promotions, dining events, concerts and family-focused attractions, thus providing unforgettable experiences for both residents and visitors alike.
The Savola Group, a leading strategic investment holding group in the regional food and retail industry, has reported a 50.4% growth in its net profit for the first quarter, while its revenue hit SAR7.3 billion ($1.94 billion), helped by stronger performance in its food processing business and improved margins.
Adnoc Distribution has announced that it has sealed a strategic partnership with Americana Restaurants to expand dining and convenience offerings at its service stations in the UAE, Saudi Arabia and Egypt. Under this deal, it will set up 200 Americana quick service restaurants across its network.
Saudi Arabia is emerging as a top culinary destination, with Aseer Region gaining global recognition. The “Discover Aseer” platform was named among IGCAT’s Top 10 Foodie Websites for 2026.
The Savola Group, a leading strategic investment holding group in the regional food and retail sectors, has announced solid results for FY 2025 with a 13% jump in its revenue which soared to SAR26.1 billion ($7 billion) mainly driven by growth in its retail, food processing and frozen foods segments.
Qatar has strengthened its strategic food security and the reserves are sufficient to cover the country's needs for 18 months, said Interior Minister Sheikh Khalifa bin Hamad Al Thani.
Shipping disruptions through the Strait of Hormuz, one of the world’s busiest maritime corridors, are sending ripple effects far beyond the Middle East, threatening energy markets, freight costs and global supply chains, a United Nations Conference on Trade and Development (UNCTAD) study has warned.
AD Ports Group has signed an agreement with BUA Group, one of Africa’s largest foods, mining, manufacturing and industrial conglomerates, and MAIR Group, a strategic investment company, to explore collaboration in sugar refineries and agro-industrial facilities in Abu Dhabi and select global markets.
Talabat Holding, a major online food and grocery delivery company in Mena region, has reported solid growth for FY 2025 with a 28% rise in gross merchandise value (GMV) and a 33% jump in its revenue hitting $3.9 billion. The company is also set to invest over $100 million this year to support long-term growth.
