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  • Saudi start-up Foodics acquires Jordan’s POSRocket

    Saudi technology start-up Foodics that serves the retail and food and beverage industries acquired Jordan's POSRocket, the second largest restaurant cloud services provider in the Middle East and North Africa.

  • World food prices hit 10-year high in 2021

    The Food and Agriculture Organization's (FAO) food price index, which tracks the most globally traded food commodities, averaged 125.7 points in 2021, the highest since 131.9 in 2011.

  • Danish dairy firm Arla Foods invests in Saudi Arabia’s new production lines

    Farmers’ co-operative Arla Foods, one of the world’s biggest dairy firms, said it had invested in new production lines in Saudi Arabia as it seeks to further diversify the product range it exports to the Middle East region. The Danish company, which owns brands such as Lurpak, Puck, Kraft and The Three Cows, invested more than 64 million Saudi riyals ($17m) in the production lines that have been operational in the kingdom since September 2021, Arla Foods said on Sunday.

  • Ten facts you didn’t know about McDonald’s food in the GCC

    While the beef is sourced from three main countries, Australia, Brazil, and Jordan, McDonald’s chicken comes from Malaysia, Abu Dhabi, and Jordan. All beef and chicken suppliers adhere to McDonald’s stringent food quality, safety standards as well as its strict Halal practices.

  • Saudi Food Delivery Startup Jahez Eyes Over $2 Billion IPO Value

    The goal represents a huge leap for the firm, which closed a $36 million Series A funding round last year. The boon came partly as a result of shifting consumer habits during the pandemic. Gross merchandise value nearly tripled to 1.4 billion riyals in 2020 from 497 million riyals the previous year.

  • Report: What are the post-pandemic prospects for growth in the Saudi food industry?

    With a population larger than the other five GCC countries combined, Saudi Arabia accounted for more than 50% of the region’s food imports prior to the pandemic, and 80% of food consumed in the Kingdom came from abroad. The Gulf region’s dependence on food imports made it vulnerable to the global supply chain disruptions that occurred during the pandemic, which contributed to spikes in food inflation in Saudi Arabia

  • KAUST startups combine to win NASA’s Deep Space Food Challenge

    NASA’s Grand Challenges are open to leading-edge companies who offer solutions that solve space-related problems with novel capabilities. As astronauts need a healthy diet in space, the Deep Space Food Challenge called for new food production technologies that require minimal resources and generate limited waste to provide nutritious food for long-duration missions.

  • KAUST startups combine to win NASA’s Deep Space Food Challenge

    Two King Abdullah University for Science and Technology agricultural technology startups, Natufia and Edama, are among the 10 international winners in NASA’s competitive Deep Space Food Challenge. NASA and the Canadian Space Agency jointly recognized Natufia and Edama for bringing innovative food production technologies to space. A show highlighting the challenge aired on NASA television on Nov. 9, with details about the winning solutions and what is next for the winners.

  • Saudi Food Giant Almunajem Picks HSBC for IPO of 30% Stake

    Almunajem Foods Co., one of the largest Saudi food companies, has appointed HSBC Holdings Plc as adviser to manage its initial public offering. Riyadh-based Almunajem, which specializes in the import and distribution of food in the kingdom, will list a 30% stake, representing 18 million shares, according to a statement on Thursday. The announcement confirmed a Bloomberg News report this week on the listing plans. Almunajem supplies foodstuffs to about 18,000 outlets, including retail, food services, and wholesale channels, according to its website. Revenue last year exceeded 2.5 billion riyals ($677 million), an increase of 4.9% from 2019.

  • The Fragile State of Food Security in the Maghreb

    Tunisia, Algeria, and Morocco are witnessing food inflation levels not seen since the civil unrest of the Arab Spring a decade ago. Then, soaring food costs, particularly skyrocketing bread prices, helped fuel the popular protest movements against corruption and injustice that ousted