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  • Foodics Co-Founder and CEO Ahmad Al-Zaini: Video

    Saudi entrepreneur Ahmad Al-Zaini is using technology to revolutionize restaurant management with his company Foodics!

  • Saudi food giant Savola to invest over $52m to develop Egyptian bakery unit 

    Savola Foods Ltd. plans to invest over 1 billion Egyptian pounds ($52 million) to develop its recently acquired bakery unit Egybelg, its CEO revealed. With the latest acquisition of Egybelg, “the company’s investment in Egypt currently exceeds 6 billion Egyptian pounds,” Sameh Hassan told CNBC Arabia.

  • Saudi inflation rises to 2.7% in July on higher food prices

    Saudi Arabia's consumer price index rose 2.7% in July from a year earlier, government data showed on Monday, increasing from a 2.3% pace in June. The food and beverages segment rose 3.9%, mainly due to higher food prices and meat prices in particular, which rose as much as 5.1%, the General Authority for Statistics said in a statement.

  • World Hunger, Severe Food Insecurity Grew in 2021

    World hunger and severe food insecurity grew, making the world's goal of achieving "zero hunger" by 2030 even more unlikely. In fact, according to current projections from the Food and Agriculture Organization of the United Nations (FAO), 8% of the world's population will still be undernourished in 2030 -- just as much as when these goals were first set in 2015.

  • World Bank to fund $100 million in food insecurity aid to Sudan through WFP

    The World Bank has agreed to provide the U.N.'s World Food Programme with $100 million for an “emergency safety net project” to address food insecurity in Sudan, it said in a statement on Thursday. The programme, whose funding comes from the European Union, United Kingdom, Saudi Arabia and several other Western nations, aims to provide 2 million Sudanese with cash transfers and food.

  • Alinma Bank, Foodics sign strategic partnership to empower SMBs in Saudi

    Under this partnership, the two brands have come together to launch new products to enable small business owners to have full autonomy over their business decisions, allowing them to sell from anywhere at any time and accept payments on the go. This will allow them to maximise their sales and their productivity, while keeping track of their sales figures, inventory and customers.

  • Iran’s Inflation Reaches 82.6% For Food Items

    Iran’s point-to-point inflation rate has reached 52.5%, with a rise of 82.6% for food products, compared to June 2021 — and the problem is likely to get worse. The Islamic Republic set a new record in the month ending June 21 with a 12.2% rise in monthly inflation. For food, the spike was 25.4%. The shock was fed by the Government’s changes to subsidies at the start of May, which set off nationwide protests, and by the devaluation of the Iranian currency

  • Tyson Foods buys equity stake in Saudi company

    Tyson Foods will pay about $70 million to acquire a stake in Saudi Arabia's Tanmiah Food Co. The deal is subject to approval by the Kingdom of Saudi Arabia regulators.

  • Food Inflation Relief Is Within Sight as Crops and Crude Pull Back

    Four months after Russia’s invasion of Ukraine upended trade flows and sent futures soaring, fear of grain shortages is giving way to optimism that key producers will reap harvests large enough to help replenish war-pinched reserves. That’s critical for the wheat needed to feed the world; the corn to nourish hogs, chicken and cattle; and the oilseeds to process food.

  • Millions of Yemenis to Go Hungry as UN Forced to Slash Food Aid

    The WFP said on Sunday that it was forced into the rationing as a result of not receiving enough funding, global economic conditions and the continued knock-on effects of the war in Ukraine. The WFP provides food aid to 13 million people in Yemen, but the new cuts mean it will only be able to provide five million of them with 50 percent of their daily food requirements, with the remaining eight million only getting 25 percent.