Siniora buys UAE’s DMP, eyes GCC growth
Palestinian meat producer Siniora has bought the UAE firm Diamond Meat Processing (DMP) in a deal worth US$17m, in order to expand into the UAE and wider GCC.
Archives for May 31, 2016
Soapbox
Edible insects: Let’s look at what’s on the menu
In these early days of edible insects going global, it is still unclear which products will stand out and make their way to the mainstream. The ideas popping out of the minds of new entopreneurs are interesting, but it’s hard to say which will still...
Brazil agri exports extend regional reach
Brazilian agribusiness exporters are expanding their markets in the Middle East, as poultry sales boom, Saudi rice imports ramp up, and live cattle exports to Egypt are set to resume.
Sparkling future for Iranian soft drinks, if economy holds
After several years of hardship the Iranian soft drink sector is heading back towards stronger growth – but remains under threat from economic uncertainty, according to a Euromonitor report.
Call for Aussie meat inspection overhaul
Australian beef producers risk losing out on profits as a result of biased meat graders, encouraged by big corporations to downgrade carcases and reduce the amount processors pay out.
Egypt smashes wheat target, continues buying
Egypt has exceeded its domestic wheat-buying target, paying farmers for more than 4.3m tonnes, but plans to keep purchasing wheat until the end of the season as reformers look to the future.
$4bn Americana sale collapses
The sale of Americana to investor consortium Adeptio will not proceed, both parties announced on Sunday, ending a transaction which could have been worth as much as US$4bn.
Pakistan launches its biggest halal plant
Pakistan’s largest conglomerate, the Fauji Group, has launched the country’s biggest halal abattoir, meat processing and exporting unit near Port Qasim, Karachi.
Tart cherry supplements may speed recovery and boost performance: Study
Short-term supplementation with Montmorency Tart Cherry powder may reduce inflammatory stress and increase performance in aerobically trained individuals, says a new study.
Spinneys and Multibrands go under the hammer
US private equity firm TPG Capital may buy Spinneys Egypt for US$100m, as Gulf Capital announces the acquisition of GCC food distributor Multibrands to target the fast-growing Saudi F&B market.