Al Rawdah buys $46m Liwa farm for contract growing
UAE poultry producer Al Rawdah is investing US$46m in 500 hectares of farmland in Liwa, and is also rolling out a “contract growing” operation with small farmers.
Archives for November 28, 2014
Lebanon rocked by ‘diseased’ food scandal
Lebanon’s food is “dunked in diseases and microbes” the country’s health minister Wael Abu Faour announced this month, sparking a major food safety and political scandal.
Qatar Holding buys into Italy’s Inalca in $205m deal
A Qatari investment fund has bought a stake in Italian meat producer Inari as part of a US$205m deal.
Tetra Pak and Nestlé scoop ‘Best in Asia’ awards
Tetra Pak Thailand was awarded Green Company of the Year and Nestlé was recognised as a CSR Advocate at the Asia Corporate Excellence & Sustainability Awards (ACES) 2014 organised by MORS Group, this week.
Abraaj and Kellogg battle over Egypt’s Bisco Misr
Cereal maker Kellogg and UAE investment fund Abraaj Group are locked in a bidding war over Egyptian snack maker Bisco Misr.
New UAE fish hatchery opened as marine stocks plummet
The UAE has opened a new fish hatchery in Umm Al Quwain, planned to produce 10 million fingerlings within three years, as ministers reveal massive declines in coastal fish stocks.
RPC Group to expand in China & India following €386m Promens acquisition
RPC Group will acquire Promens Group (Promens) for €386m (£307m), with the deal expected to close at the end of March 2015.