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Middle East

Brazil’s BRF denies Americana bid, buys Al Yasra

BRF was in talks with Americana at the start of the year, but no agreement was made

17-Oct-2014 - Brazilian food giant BRF has denied it has joined a bid to buy Kuwait’s Americana, weeks after it bought a 75% stake in Al Yasra Foods, its Kuwaiti distributor, for US$160m.

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Saudi chocolate market to grow 43% by 2016

Middle East confectionery sales are set to boom, with the Saudi market projected to grow 43% by 2016 according to KPMG, and the region as a whole by 20% in 2015.

Technovaa plans $68m packaging plant in Kizad

UAE packaging firm Technovaa has broken ground on a US$68m factory in Abu Dhabi’s Kizad free zone, boosting the firm’s regional exports.

Saudi milk exports beat Germany as production soars

Saudi Arabia’s milk exports now exceed Germany’s thanks to rapid development, with average export growth of 12.5% a year over the last decade, according to a Tetra Pak report.

Hassad Food agrees $500m Turkey investment

Qatar’s food and agriculture investment vehicle Hassad Food is planning new investments worth US$500m in Turkey’s agribusiness sector, the company announced.

MERS cases linked to camel milk – WHO

Four cases of Middle East respiratory syndrome coronavirus (MERS-CoV) have been linked to camel milk in Saudi Arabia, according to the World Health Organization (WHO).

Australian farmers want GCC free trade deals

Australian farmers are calling for new trade agreements with the Middle East as agricultural imports leap, with mutton up 168% year-on-year in September and lamb up 32%.