SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

MUST-READS

  • Saudi Arabia’s KBW Ventures invests in French plant-based food startup

    KBW Ventures, the company founded by Saudi Arabia’s Prince Khaled bin Alwaleed bin Talal Al-Saud, has invested in French food technology startup Furahaa Group, the firm’s first investment in the European country.

  • Saudi Arabia inflation rate up in April, with food and transport prices driving climb

    Saudi Arabia's inflation rate quickened to 5.3% in April from 4.9% the previous month, still reflecting an increase in value-added tax last year, official data showed. The 5.3% annual increase was mainly due to higher food and transport prices, the General Authority for Statistics said.

  • Saudi Arabia’s Almarai acquires additional 15% stake in Modern Food Industries for $40m

    Almarai subsidiary Western Bakeries Company purchased the stake owned by Olayan Financing Company for 150 million Saudi riyals ($40m), the company said in a filing on Sunday to the Saudi Stock Exchange, Tadawul, where its shares trade. The diary company said it used its operating cash flow to fund the acquisition, with the financial impact expected to be reflected in its next quarterly results. Following the deal, Western Bakeries Company owns 75 per cent of the Modern Food Industries.

  • The 10 Best Food Trucks In Saudi For Your Iftar Cravings

    Corniches, parks and even parking lots have filled up with food trucks in Saudi in recent years. There’s just something about having the freedom of trying multiple food items, an informal setting and lining up for the juiciest burger in town. Food trucks in Saudi are especially handy when you’ve got the late night munchies and need your street food fix– and Ramadan is no exception.

  • ‘No food in the fridge’: A gruelling Ramadan in Lebanon

    For the past decade, Sawa For Development and Aid has been delivering evening iftar meals for about 4,000 families breaking the daily fast during Ramadan in Lebanon’s eastern Bekaa Valley. But this year the NGO’s busy kitchen has had to work non-stop, cooking for at least 7,000 Syrian refugee and Lebanese families.

  • Foodtech to Fintech: An interview with FOODICS Founder, Ahmad Al-Zaini

    We took the opportunity to catch up with the F&B tech startup to find out more about how the platform works. Founder and CEO, Ahmad Al-Zaini discusses what being recognised by SAMA as a Fintech company means, what opportunities 2020 brought the startup, why they're looking towards the Egyptian market, their wider plans for the future, and more.

  • Saudi PIF transfers stakes in food, farm companies to SALIC

    The Public Investment Fund, Saudi Arabia’s wealth fund, has transferred its stakes in Almarai, the National Agricultural Development Co and the Saudi Fisheries Co to Saudi Agricultural and Livestock Investment Co (SALIC). The transfer is aimed at leveraging synergies within its food and agriculture portfolio and enabling SALIC to stimulate growth in the sector, the PIF said in a statement on Thursday.

  • ‘This is hell’: UN food aid chief visits Yemen, fears famine

    The World Food Program needs at least $815 million in Yemen aid over the next six months, but has only $300 million, the agency’s executive director, David Beasley, told The Associated Press in an interview. He said the agency would need another $1.9 billion to meet targets for the year.

  • Inflation risk in GCC low despite surging food costs: Oxford Economics

    "Much of the region remains stuck deeply in deflation, reflecting ongoing demand weakness and price discounting," it said, adding "overall, regional inflation will be manageable this year, albeit higher than in 2019-20, with momentum remaining relatively flat in coming months.

  • Riyadh-Based Foodics Raises US$20 Million In Series B Funding Round In Bid To Help F&B Outlets Function Better Using Cloud Technology

    Foodics, an F&B tech startup that provides a cloud-based point-of-sale and retail management platform for outlets across the MENA region, has raised US$20 million in a Series B funding round led by Sanabil Investments, a firm wholly owned by Saudi Arabia’s Public Investments Fund (PIF). The round, which was co-led by Riyadh-based venture capital fund STV, also included investments from Endeavor Catalyst, Elm, and Derayah.