Latest news and articles about food sector from NEX English
The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) announced the launch of its new strategy 'From Farm to Factory' during the 'Make it in the Emirates 2026' event, reflecting the emirate's commitment to enhancing its food sector valued at $3.6 billion.
The Food Industries Chamber announced that easing licensing procedures and customs clearance will significantly enhance the competitiveness of Egypt's food sector. This initiative is part of the government's efforts to support national industry and stimulate the economy.
Iffco Group, one of the major food companies in Dubai, announced its intention to liquidate due to a massive debt of approximately <strong>$2 billion</strong>. This decision comes amid significant financial challenges affecting the company's operations.
Dubai's SME Authority has partnered with noon Food to exempt startups in the food and beverage sector from fees, aiming to enhance their growth in the digital market. This initiative is part of the government's efforts to support innovation and boost the local economy.
Ben Dawood Holding Company has announced its acquisition of 51% of Chocolate Company in a deal valued at <strong>218 million Saudi Riyals</strong>. This move aligns with the company's strategy to expand in the food sector.
The seventh edition of the Libya International Food Exhibition concluded in Tripoli from October 15 to 18, 2023, featuring extensive participation from economic and industrial sectors, alongside notable official and international attendance.
Unilever and McCormick have announced a strategic agreement aimed at enhancing their presence in the food sector, reflecting new trends in the global market. This partnership comes at a time of significant transformations in consumer consumption patterns.
Recent reports indicate that rising gas and oil prices jeopardize the food supply chain from farmers to consumers. This situation may reignite discussions on reopening trade negotiations, raising concerns about a return to inflation similar to that experienced during the 2022 crisis.