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Singapore-based Olam Agri, the food, feed and fiber operating group of Olam Group, has secured a $745 million financing facility from the UAE banks to refinance existing loans for general corporate purposes, Zawya reports. Abu Dhabi Commercial Bank, First Abu Read more
Saudi food giant Almunajem Foods has announced plans for an Initial Public Offering (IPO) and listing of its ordinary shares on the Saudi Stock Exchange (Tadawul), reports say. The company in a statement Thursday said the listing will involve a Read more
Iran has snubbed sea and air blockades imposed by Saudi-Arabia-led group and sent food stocks to isolated Qatar as the crisis between the tiny gas-rich country and its neighbors is worsening. Five planes loaded with 90 tons of food each Read more
The Food and Agriculture Organization has warned that food security and nutrition levels in the Near East and North Africa have sharply deteriorated over the last five years, undermining the steady improvement achieved before 2010 when the prevalence of undernourishment, Read more
President Erdogan hinted that his government is willing to mend ties with Tel Aviv because it will be in the interest of the region but he outlined that it will be based on the Jewish State fulfilling certain conditions. Turkey Read more