Savola Group, Saudi Arabia’s biggest food producer, reported a 80.3% fall in first-quarter net profits, missing analysts’ forecasts and after an exceptional gain made a year ago.
Armed conflict and revolutions have halted and in some cases reverse progress made by Middle Eastern and North African countries in reaching the UN’s development goals.
Global colours major GNT Group has opened an affiliate office in Dubai to service GCC countries which, the company says, are “becoming aware of the need for real colour solutions”.
Urban Cultivator has appointed Italian Food Masters as its sole distributor to supply its hydroponic gardening appliances to consumers and food service operators in the United Emirates.
Fajr Capital, a private equity investor in high-growth markets across the Middle East and Asia, has completed its acquisition of Cravia Group, one of the fastest-growing food and beverage platforms in the Middle East.
At the crossroads of east and west, Turkey offers huge promise but given the current political and economic situation, there are also challenges. FoodNavigator spoke to both Turkish and global companies at Food Ingredients in Istanbul this month to get...
Despite hopes from Iranian meat exporters that they could increase supplies to the Commonwealth of Independent States (CIS), deliveries to the region, including most of the post-Soviet Union area, are not yet happening.
Harmonisation of Turkish and EU food law make it an easy and attractive market for foreign companies, but on issues that affect public health - such as nutrient profiles, health claims, GM food and salt reduction - the country is forging its own path. FoodNavigator...
