21-Jul-2014 - Saudi dairy firm Almarai ha seen its second-quarter profits rise 8.8% year-on-year to US$116m, with sales up 14.4% to reach US$826m, as the company faces higher wage and commodity costs.
Gulf Printing and Packaging (GPP), the exclusive packaging provider to McDonald’s in the Middle East, has signed a US$22m deal to take a plot at Khalifa Industrial Zone Abu Dhabi (Kizad).
Lebanon’s food exports grew 33% by volume in 2013, but falling prices meant growth by value was less than half that rate, according to a Blominvest Bank report.
Kuwait’s Americana may be considering buyout bids from up to six firms in a potential US$5bn deal, but the food giant is denying the reports.
US cranberry juice brand Ocean Spray has announced the official launch of its products in the GCC, to tap into the region’s growth markets.
The recent conflict in Iraq has pushed the country to the brink of a food supply crisis through risks to harvests and growing refugee numbers, the UN Food and Agriculture Organisation (FAO) has warned.