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 […]