Category: Saudi Arabia

Saudi Arabia: Agri, food focus for Saudi trade fair

| 29/07/2013 | Reply
Saudi Arabia: Agri, food focus for Saudi trade fair

The latest products, practices and techniques to meet Saudi Arabia’s surging food demands will be unveiled at an international food trade and industry show to be held in Riyadh in September.

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KSA food sales to reach $70 billion by 2016

| 29/07/2013 | Reply
KSA food sales to reach $70 billion by 2016

Food sales in the Kingdom account for around half of the domestic retail market and are expected to be worth almost $70 billion (SR262.5 billion) by 2016. Industry players emphasize the need for platforms to discuss key issues, discover new business and investment opportunities, and interact with major stakeholders.

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Saudi Arabia: Tyson Brazil Exports Green Chicken to Saudi

| 29/07/2013 | Reply
Saudi Arabia: Tyson Brazil Exports Green Chicken to Saudi

Tyson Brazil, a subsidiary of Tyson Foods, the largest beef processor in the world, has been exporting green chicken from its Brazilian unit to Saudi Arabia since March this year.

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Saudi Arabia: Hellofood launches mobile app in Saudi Arabia

| 07/07/2013 | Reply
Saudi Arabia: Hellofood launches mobile app in Saudi Arabia

The mobile market grows rapidly in Saudi Arabia, the country with the biggest e-commerce market in the Islamic World. The smart phone penetration is at 60% of Saudi Arabia’s population – and rising.

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Saudi Arabia: Almarai Quarterly Profit Rises 5% as Dairy, Juice Sales Climb

| 07/07/2013 | Reply
Saudi Arabia: Almarai Quarterly Profit Rises 5% as Dairy, Juice Sales Climb

Almarai, Saudi Arabia’s largest food producer, said in April it raised 1.3 billion riyals ($347 million) from the private placement of Islamic bonds with investors in the kingdom. The sale was part of a 2.3 billion-riyal sukuk program it set up last year.

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Saudi Arabia: McDonald’s extends partnership with Reza Food Services

| 01/07/2013 | Reply
Saudi Arabia:  McDonald’s extends partnership with Reza Food Services

Later this year, McDonald’s will be opening their 1,000th restaurant in the Middle East and Africa, and are aiming to grow that figure to 1,400 restaurants by the end of 2015.

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Saudi Arabia Switches Its Weekend, Pleasing Businesses

| 25/06/2013 | Reply
Saudi Arabia Switches Its Weekend, Pleasing Businesses

Saudi Arabia’s King Abdullah has ordered most government bodies to switch to a Friday and Saturday weekend, overriding years of objections from religious conservatives about sharing a day off with Christians and Jews.

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Rise in Australian red meat exports to Saudi Arabia

| 10/06/2013 | Reply
Rise in Australian red meat exports to Saudi Arabia

Australian red meat exports to Saudi Arabia have soared so far this year with analysts predicting further growth in the market.

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Philippines: Food exporters advised to meet Saudi standards

| 10/06/2013 | Reply
Philippines: Food exporters advised to meet Saudi standards

The Trade Department told food exporters and manufacturers to comply with the maximum residue limits for pesticides on food products imposed by the Kingdom of Saudi Arabia.

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UAE: Over-dependence on imported food is dangerous

| 08/06/2013 | Reply
UAE: Over-dependence on imported food is dangerous

A demand-supply mismatch could increase price volatility in the global food and commodities market that could increase the vulnerability of GCC consumers who mostly rely on imported foodstuffs.

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Saudi Arabia: At Saudi Food, importers seek Brazilian beef

| 22/05/2013 | 2 Replies
Saudi Arabia: At Saudi Food, importers seek Brazilian beef

Arab importers visiting the 18th Saudi Food, Hotel & Hospitality Fair, in Jeddah, Saudi Arabia, are interested in buying Brazilian beef, but are stunted by an embargo on the product.

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Malaysia to expand trade ties with Saudi Arabia

| 22/05/2013 | Reply
Malaysia to expand trade ties with Saudi Arabia

The recent visit of Malaysian trade mission and the participation of 11 companies at the Saudi Food & Hotel and Hospitality 2013 are just part of the continuing efforts to strengthen the bilateral trade relationship.

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Brazil: Arab Brazilian Chamber to attend Saudi Food fair

| 03/05/2013 | Reply
Brazil: Arab Brazilian Chamber to attend Saudi Food fair

Currently in its 18th edition, the Saudi Food, Hotel and Hospitality fair features exhibitors in the food, beverage and hospitality industries. Saudi Food is one in a set of actions to bring Saudi food buyers and Brazilian exporters closer together.

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Saudi Arabia: First Saudi company announces weekend change

| 29/04/2013 | Reply
Saudi Arabia:  First Saudi company announces weekend change

Saudi Arabia, the richest and most populous of the six GCC nations, is the only one operating with a Thursday-Friday weekend after Oman announced earlier this year it would change to Friday-Saturday from May 1.

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Coffee and qahwa: How a drink for Arab mystics went global

| 18/04/2013 | Reply
Coffee and qahwa: How a drink for Arab mystics went global

The Arab world has given birth to many thinkers and many inventions – among them the three-course meal and coffee. The best coffee bean is still known as Arabica.

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Brazil agency targets food exports to Saudi

| 10/04/2013 | Reply
Brazil agency targets food exports to Saudi

Brazilian exports to Saudi Arabia were valued at $3 billion in 2012, according to recent figures, with around 585 Brazilian companies currently exporting various products, including chicken, sugar, maize, iron ore and soy among other items.

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Saudi Arabia: Savola buys strategic stake in subsidiaries

| 09/04/2013 | Reply
Saudi Arabia: Savola buys strategic stake in subsidiaries

The Saudi Arabia-based food conglomerate, has entered into a deal with Dammam-based Al-Muhaidib Holding Company, a key player in the kingdom’s food distribution sector, to acquire a 10 per cent stake in its subsidiary Savola Foods Company.

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Saudi dairy firm Almarai sells $347m sukuk

| 02/04/2013 | Reply
Saudi dairy firm Almarai sells $347m sukuk

The issue, which has a floating interest rate, attracted orders worth SAR2.4bn from institutional investors inside Saudi Arabia, the statement said. The interest rate was not specified.

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Saudi consortium buys farming group to increase food security

| 29/03/2013 | Reply
Saudi consortium buys farming group to increase food security

A London-listed company which owns swaths of the world’s most fertile farmland in the Ukraine and Poland was snapped up yesterday by a consortium of Saudi Arabian investors for £61.5m.

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GCC Food Consumption To Hit $106bn By 2018

| 26/02/2013 | Reply
GCC Food Consumption To Hit $106bn By 2018

Food is the largest segment of consumer expenditure in the region and stood at $83 billion year-end 2012, says new report. Consumer spending on food in the GCC is expected to reach $106 billion in the next five years.

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