27-Jan-2015 - A firm which imported large quantities of instant noodles containing pork into Saudi Arabia is facing prosecution for fraud and breaching regulations.
Kuwait’s Americana has announced its sale is still in progress, following reports of faltering negotiations and a probable collapse of the deal.
The Middle East’s agribusiness imports from Brazil fell 12.8% in value to US$7.2bn in 2014, while volumes of some food products rose.
Indian food producer Amira Foods has signed an agreement with Qatari firm Global Food Trading (GFT) to distribute Amira Rice in Qatar.
Lactalis subsidiary Al-Nour for Dairy Industries has bumped up its offer to acquire sought-after Egyptian cheesemaker, Arab Dairy Product Company.
Saudi food giant Savola Group announced a 21.5% growth in full-year profit of US$551m, but saw Q4 profits fall, missing analyst predictions.
Saudi food producer Almarai saw its full-year profit rise 11.5% to US$445m, with total sales of US$3.35bn for the year.