Archives for February 16, 2016

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Saudi signs up to BAP aquaculture standards

By Eliot Beer

Saudi Arabia has adopted the Best Aquaculture Practices (BAP) certification scheme for all aquaculture projects, with all existing firms required to gain BAP certification this year.

Egypt import rules may hit food producers

By Eliot Beer

New rules for exporters to Egypt to register their factories and submit to inspections may hit food producers, as it will reduce “unnecessary imports”, says Egypt’s top banker.

Emaar boss leads $2bn purchase of Americana

By Eliot Beer

The sale of Kuwaiti food giant Americana is finally going ahead, as GCC investors buy 69% of the firm for a rumoured US$2bn (€1.79bn) after nearly two-years of negotiations.

Coca-Cola suspends manufacturing in three Indian plants

By RJ Whitehead

Coca-Cola India's bottling arm Hindustan Coca-Cola Beverages has confirmed it has suspended manufacturing at its Kaladera plant in Rajasthan, while media reports suggest other plants in Andhra Pradesh and Meghalaya have also stopped production.

Barentz forms Iran JV to tap Middle East market

By Eliot Beer

Dutch ingredients producer Barentz International has established a new joint distribution venture in Iran with Future Way Holding, to tap into the formerly-restricted market.

Agthia’s 2015 profit up 20% as consumer sales boom

By Eliot Beer

UAE food producer Agthia’s full-year profit for 2015 rose 20% to hit $62.9m (€56.3m) thanks to strong consumer sales, as the company aims to become a billion dollar firm by 2020.