The strategic transaction marks the beginning of a long-term partnership between Rajhi-Invest and Hassana
FMCG
Latest in FMCG
FMCG
UAE’s IFFCO announces strategic split from Griffco Foods JV
The move marks the successful culmination of a strategic partnership that has driven market expansion, new products development, and operational excellence across MENA markets
digital economy
Mastercard and Boost join forces to drive MSME growth and cash digitisation in FMCG networks
The partnership will benefit FMCG distributors and retailers that use Boost’s digital commerce platform
consumer behaviour
Gulf FMCG markets surge: UAE grows 4.1%, Saudi 1.8% in Q3 2024, report finds
UAE traditional trade surged 6.4%, while that in Saudi Arabia achieved 2.4% growth in Q3, signalling a shift in consumer shopping preferences
FMCG
FMCG consumption shows slow recovery in UAE, Saudi Arabia in Q4, 2023: NielsenIQ
The market report, however, said e-commerce reported impressive consumption growth rates in Q4 2023
Adani Enterprises
Controversy-hit Adani Group in talks to exit JV with Singapore-based Wilmar: Report
Adani Wilmar last week reported significantly lower numbers for the September quarter of the current financial year, posting a loss of Rs 1.31 billion against a profit of Rs 490 million in the year-ago period
Agthia Group
Agthia, Microsoft join forces to revolutionise food industry
The MoU offers scope to revolutionise everything from customer service to production, procurement, and employee engagement
Almarai
Saudi food giant Almarai records 8% jump in profits as revenues rise
Almarai’s bakery category led the growth during the period, recording a 124.6 percent increase due to higher sales
acquisitions
DP World unit acquires controlling stake in top Nigerian FMCG distributor in Dubai’s bid to expand Africa trade
In 2021, Dubai launched a five-year forein trade plan to boost its status as an international business hub, with a focus on high-growth markets such as Africa
Bain & Company Middle East
Supply chains in the GCC consumer goods industry found lacking after Covid litmus test
Region’s FMCG industry is still grappling with the impact of coronavirus as prices of raw material have increased along with price inflation
acquisitions
Emami embraces “never ending improvement” with a focus on expanding its global footprint
The FMCG major is expanding at speeds never seen before. Director Prashant Goenka talks about the company’s successful acquisition of the iconic German brand Creme21 and its global aspirations
FMCG
Investing in Yemen’s long-term sustainable development
How Hayel Saeed Anam Yemen, the country’s largest company, is helping its home market meet the UN’s 2030 Sustainability Agenda
Dubai
WDC CEO Khamid Ismatullaev targets global expansion
Ismatullaev is looking to grow the business in South America, the Far East and Europe in the next ten years
Dabur
Indian retailer Dabur plans Middle East expansion
FMCG firm Dabur has already entered into tie-ups with Amazon.ae and LuLu for online marketing its products
Carrefour
UAE’s Truebell inks new global retail distribution deals
Importer Truebell enters into exclusive agreements with a number of brands including Yorkshire Tea, La Rose Noire, Nocciolata and Sacla
FMCG
One of India’s largest consumer mergers announced
Hindustan Unilever Ltd says it will merge with GlaxoSmithKline Consumer Health in a deal worth $4.52bn