Egypt has signed two investment agreements worth $6bn in a bid to develop a global logistics centre for grain handling and a city of commerce and shopping project. DN Egypt reported citing country's supply minister Khaled Hanafy that the ...
Tags: grains, basic food commodities trade, wheat
Nestlé Zimbabwe is planning to modernise its milk-drying tower, as part of strengthening its business in the country. As told to News Day, Nestle's regional manager Ben Ndiaye said: "In 2015 the major project will be the upgrade of ...
Tags: Milk-Drying Tower, Food
Egypt is planning to list its Food Industries Holding Company (FIHC) in an initial public offering (IPO) to improve the company's financial situation. According to Supply Minister Khaled Hanafi, the IPO of the state-owned company's shares ...
Tags: Food Industries, Food
Egyptian private equity firm Qalaa Holdings is contemplating the sale of its fresh packaged milk producing firm Dina Farms. The potential sale is in line with Qalaa's plans to generate around $300m from exits in the medium term. The ...
Tags: Packaged Milk, Qalaa
Home textile fair, Morocco Hometex 2015 takes place in Casablanca International Fairgrounds between March 10 and 12, 2015. “Thousands of home textile producers, exporters and importers are going to reunite under the same roof to ...
Tags: home textile, Textile
The Chinese currency has seen sharp volatility against the US dollar this week as a strengthening dollar stokes worries of the yuan's depreciation. The yuan continued to decline against the dollar on Wednesday with its spot exchange rate ...
Tags: China's New Yuan, Chinese currency
Salamtex, a textile manufacturing company in Egypt, has created a groundbreaking anti-microbial textile named ‘Guard Textiles’ providing protection against the transmission of infection in health care facilities, according to ...
Tags: Anti-Microbial Fabric, textile
INDEVCO‘s subsidiary INDEVCO Plastics has forayed into Texas, US, with its first manufacturing plant in Longview to produce petrochemical packaging products. The investment is part of INDEVCO's strategy to meet the expected surge in ...
Tags: packaging products, Agriculture
Recently, JAC and Egypt distributor carried out the service month campaign in Cairo and Alexander, and there were 112 customers participated in the campaign. During the campaign, JAC staffs sent the filters, solved the customers’ ...
Swiss food major Nestle is planning to invest over EGP1bn ($137.93m) in Egypt over the next few years where food is considered as a fast-growing sector. The proposed investment will be used in manufacturing, new products and the ...
Tags: Nestle, nutrition, health industries, Agriculture
Nestle, Swiss food giant, is going to invest about 1 billion Egyptian pounds ($137.93 million) in Egypt in the next few years. Its North East Africa Region CEO said the kind of investments they have made over the last three to four years ...
Tags: Nestle, food giant
The MENA region is widely recognized as, and 2015’s first solar-related exhibition - World Future Energy Summit 2015 (WFES), will take place in Abu Dhabi on January 19. Lower costs for large-scale solar installations, strong solar ...
Tags: Solar Market, Sloar Energy
American cereal producer Kellogg has completed the acquisition of a majority stake in Egyptian cake and biscuit maker Bisco Misr, in a previously announced deal worth $125m. Kellogg has agreed to pay £89.86 per share for 85.93% ...
Tags: Egyptian cake, biscuit maker, Agriculture
Egyptian cake and biscuit maker Bisco Misr's shareholders controlling 86% of shares have agreed to divest their shares to US-based food manufacturing company Kellogg, in a $125m deal. The Reuters reported that bidding for the biscuit ...
Tags: biscuits, wafers, corn flakes, Agriculture
In what may mark an end of high-quality extra long staple cotton, the Egyptian Government has decided to stop paying subsidy of 350 Egyptian pounds per qintar (160 kg) of cotton to producers, from the next agricultural season. Last ...
Tags: Cotton Production, raw materials, Textile