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Middle East

Saudi PIF acquires half of Adeptio soon after Americana sale

30-Nov-2016 - Saudi Arabia’s sovereign wealth fund has made a rare foray into into the food industry after concluding a deal to buy half of Adeptio Holdings, which recently acquired a 67% stake in Kuwait Food Co., otherwise known as Americana.

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UAE orders withdrawal of further three ‘herbal supplements’

The UAE’s Ministry of Health and Prevention has banned a further three ‘herbal supplements’ and warned they could endanger the lives of patients.

Yummex Middle East

Toffano coffee candy takes top spot in Yemen

Toffano has seen success with its coffee candy Café Gold and Brinq Bol Tutti-Frutti Flavoured Bubble Gum Candy in Yemen.

Mubadala mulls two big Russian agriculture investments

Abu Dhabi state investment vehicle Mubadala may make two food-supply investments worth up to US$200m to Russia’s food sector. 

Yummex Middle East

Brazil candy firm Riclan calls for more African presence at Dubai tradeshow

Riclan candy company wanted to see more African firms and visitors at Yummex Middle East, part of Gulfood Manufacturing this year (November 7-9).

Tetra Pak agrees deal to build packaging lines for Raubi juices

Tetra Pak has concluded an AED25m (US$6.8m) deal to construct processing and packaging lines for Binghatti Holding’s new food and beverage production plant in Abu Dhabi.

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