Processed Food News
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Egypt's Mercantile Exchange Chairman Reveals Price of Sugar in Market
The local market is witnessing significant increases in the price of a kilo of sugar, with it almost disappearing from food stores.
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Qatar’s Baladna is planning to invest USD 1.5 bn in Egypt’s dairy industry
The investment will establish a cattle farm with 20k cows with annual production capacity of 300 mn liters of milk.
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Top 10 processed food companies from Egypt
Egypt's processed food industry is the third-largest exporting sector, accounting for 14% of exports, 24.5% of GDP, and employing 7 million people.
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Nestlé to build new production lines in Egypt
The Swiss major operates three facilities in Egypt, producing brands like Maggi, Nesquik and Nescafé.
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Egypt’s Juhayna Food profit rises 25% in Q2 despite surge in debt
The food producer allocated EGP 223 million towards capital expenditure in H1 2023.
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Top 10 Egyptian FMCG companies
Arma, Beyty, Domty, or Edita are only some of the various FMCG brands from Egypt. The focus of local FMCG products is on food and beverages.
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Arab Dairy’s capital increase subscription covered by 98.56% in 1st phase: Egypt
Offering the uncovered shares for subscription is pending the Financial Regulatory Authority’s (FRA) approval.
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Qatar’s Baladna buys more shares in Egyptian dairy peer Juhayna
In almost two years, Baladna has built a shareholding in Juhayna of more than 15%. Its latest purchase was 600,000 shares on 26 June.
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Edita Food Industries acquires 100% of Fancy Foods
Local snack manufacturer, Edita Food Industries acquires Fancy Foods, expanding its offering to fresh and ready-to-bake pastry products.
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Positive expectations for food industries in 2023
In spite of the unfavorable conditions, food companies have succeeded in recording significant growth rates over the past year.
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Egypt: Domty discloses dividends payment date for 2022
The cash dividends will be paid on May 14th, with the eligibility in distribution to shareholders until May 9th’s trading session.
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Egypt exported a record volume of potatoes to Southeast Asia in 2022
Indonesia remained the main destination for their supply, and exports more than doubled last year.
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Talabat and Coca Cola deepen ties to support local businesses
Coca-Cola will also invest through talabat to utilize in-app marketing tools for heightened partner visibility and traction.
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Obour Land posts 31.85% YoY growth in 2022 consolidated profit
At the level of the standalone financial statement, the company recorded a standalone net profit after tax of EGP 462.69 million in 2022.
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Founder of Egypt’s Juhayna Food Industries and his son released from prison
Juhayna, a listed company, is the country's largest dairy products and juices producer.
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Juhayna winsThe Superior Taste Award from the International Taste Institute
The evaluation was undertaken by a panel of 198 world-class chefs and sommeliers, who carry 86 Michelin stars.
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Global Popcorn Machines Market | Industry Current Trends and Future Forecast 2018
Popcorn Machines market status and forecast, categorizes the global Popcorn Machines market size (value & volume) by manufacturers, type, application
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Global Food Grade Grease Market | Industry Current Trends and Future Forecast 2018
Food Grade Grease market status and forecast, categorizes the global Food Grade Grease market size (value & volume) by manufacturers, type
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Middle East Frozen Fruits Market is at the cusp of crossing USD .230 BILLION in 2023 | Market Data Forecast
This averts the advance of microorganisms, decelerates decomposition and in turn aids in keeping fruits fresh for a prolonged period of time.
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Gold Nanorod Market Current Trends, Size, Key Players and Comprehensive Analysis by 2025
In 2017, the global Gold Nanorod market size was xx million US$ and is forecast to xx million US in 2025, growing at a CAGR of xx% from 2018.