Binghatti Beverages: Quality beverages from a trusted brand

Muhammad BinGhatti, CEO, Binghatti Holdings tells us what makes Binghatti Beverages unique and the reasons why the group set up base in Kizad Why was Binghatti Beverages founded, what is its mission? Binghatti Beverages opened its doors in September 2017. The beverage manufacturing arm of Binghatti Holding was established to provide world-class beverages catering to […]

Job worries rise among UK consumers as Brexit looms; household sentiment at 11-month low

London: British households grew more downbeat about their finances this month as job worries rose to the highest in over a year, reflecting a slowing economy and uncertain prospects for Brexit in less than six weeks’ time. Consumer spending and a strong labour market were a relative bright spot as Britain’s economy slowed last year […]

Dubai gets first-of-its-kind coffee hub to serve buyers, producers; boost new trade flows to UAE

Dubai: A state-of-the art facility dedicated to supporting the coffee industry has just been launched in Dubai and it is set to drive new trade flows to the emirate. Supporting the coffee bean’s journey “from crop to cup,” the Dubai Multi Commodities Centre on Monday inaugurated the “DMCC Coffee Centre,” a 7,500-square-metre temperature-controlled site that […]

DMCC in talks with major coffee traders for new coffee centre

DUBAI: The Dubai Multi Commodities Centre (DMCC) said on Monday it was in talks with more than one major coffee trading house to bring their business to its newly opened Coffee Centre. The Coffee Centre near Dubai’s Jebel Ali port is a temperature-controlled facility offering infrastructure and services for processing and delivery of coffee, and […]

Brexit likely to cause ‘massive casualties’ in Welsh agriculture

Dubai: A potential drop in prices of British meat products if the United Kingdom leaves the European Union on March 29 could benefit export markets such as the UAE and the Far East. Rhys Llywelyn, market development manager of Meat Promotion Wales, the body responsible for developing and promoting Welsh red meat, said that any […]

24th edition of Gulfood kicks off

Dubai: Gulfood 2019, the annual food and beverage trade exhibition, kicked off on Sunday at the Dubai World Trade Centre, bringing together trade missions and exhibitors from 198 countries. The event, now in its 24th edition, runs till Thursday, and offers a platform for companies to tap into new market opportunities and discuss emerging trends […]

Kizad top of the menu for food firms

Food is big business in the UAE. It constitutes the country’s second-largest sector, with the UAE acting as a re-export hub for food products across the entire MENA market. The estimated value of the UAE’s food product imports is $100 billion (Dh367.25 billion), according to the Ministry of Economy. This is likely to only get […]

SoftBank invests in Mubadala’s new $400 mln European tech fund -source

DUBAI: Japan’s SoftBank Group has provided nearly half of the cash for Abu Dhabi’s state investor Mubadala Investment Co’s new $400 million (Dh1.47 billion) fund investing in European start-ups, a source familiar with the matter said. Mubadala, which has committed to invest $15 billion in SoftBank’s Vision Fund, last week announced that Mubadala Ventures was […]