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Middle East

Goody enters UAE, plans GCC expansion

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20-Apr-2016 - Saudi food producer Goody has signed a distribution deal for a selection of its products with the UAE’s Gulfco, as the firm aims to expand beyond the kingdom into the wider GCC.

Domty gets the cream as profits surge 355%

Egyptian dairy producer Domty is celebrating a 355% year-on-year rise in annual profits, netting US$14.5m, just days after its highly-oversubscribed launch on the Egyptian stock market.

KSA shoppers still unsure of online quality

Saudi consumers are starting to embrace online grocery shopping, but buying patterns show concern for food quality trumps convenience, according to research from Payfort and toDoorstep.

Symrise opens Iran office

German flavour and ingredients producer Symrise has opened a new office in Iran, replacing its freelance representation in the country, as it aims to capitalise on the lifting of sanctions.

Bagel-maker bags Spinneys and Waitrose deal

UAE supermarkets Spinneys and Waitrose will now stock Dubai start-up Gulf Bagel Factory’s bagels, adding to the firm’s current distribution through Carrefour and food service outlets.

Almarai to buy NFPC in potential $1.5bn deal

Saudi’s Almarai has formally announced its intention to buy UAE food producer NFPC, potentially worth up to US$1.5bn, as analysts remain cautious on the firm’s outlook after mixed Q1 results.