September 14th, 2018 | 0 commentsThe Saudi Agricultural and Livestock Investment Company (SALIC), owned by Saudi Arabia's Public Investment Fund (PIF), has announced the purchase of the large Ukrainian agriculture firm Mriya. “The decision by SALIC to acquire “Mriya Agro holding” is really an extremely important event and demonstrates the willingness of foreign investors...
September 3rd, 2018 | 0 commentsThe government of Kuwait has warned about importing all types of food products from Iraq. A well-informed source clarified that the decision of banning food products from Iraq was taken as a precaution procedure due to the cholera outbreak in the country, Alrai Newspaper reported. Food products brought by passengers will also be banned, t...
August 30th, 2018 | 0 commentsEgypt's cotton exports increased 6.9% in the third quarter of the agricultural season of 2017/2018. Total cotton exports amounted to 160,100 metric quintals in the March-May period of 2018, compared to 149,700 metric quintals in Q3-16/17, according to a statement by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Wed...
August 29th, 2018 | 0 commentsThe contrast between the vibrant green of a cannabis field and the arid land nearby in Lebanon’s Bekaa valley has for years raised a dilemma for the area’s impoverished farmers. Cannabis is hardier, less thirsty and cheaper to grow than the region’s other main crops like apples and potatoes, but it is also illegal – for now. Parliament wi...
August 29th, 2018 | 0 commentsFarmers invested 432.3 Million Dinars (MD) in agricultural equipment representing 49.7% of the total volume of declared investments, until July 2018, according to data from the Ministry of Agriculture, Water Resources and fishing. The Agricultural Investment Promotion Agency (APIA) has indicated that these amounts have made it possible to...
August 16th, 2018 | 0 commentsOriental Weavers Carpet on Wednesday reported a 31.3% year-on-year drop in consolidated profits for the first half of 2018. Net profit retreated to EGP 326.38 million in the six-month period ended June, from EGP 475.03 million in the year-ago period, the household durables firm said in a filing to the Egyptian Exchange (EGX). On the other...
August 13th, 2018 | 0 commentsGovernment of South Darfur State said a U.S. company, KLC would engage in direct partnership with local farmers to grow peanuts in the state. Minister of Agriculture in South Darfur Sabil Ahmed Sabil said a delegation from KLC have conducted a ground visit to peanut farms and promised to develop studies to promote production through the u...
August 12th, 2018 | 0 commentsMinister of Agriculture and Land Reclamation Ezzeddin Abo Setit, accompanied by Governor of Fayoum Jamal Sami and the leadership of the Ministry, launched the cotton harvest season on Saturday in the governorate of Fayoum as part of the government’s plan to encourage cotton cultivation expansion. The crop appears promising this year, and...
August 6th, 2018 | 0 commentsSokotra Capital, a Dubai-based private investment company specialising in the agriculture and aquaculture sectors, has announced that a consortium led by the company has completed the acquisition of AT, one of the oldest and most established companies in the aquaculture sector in North Africa and the Mediterranean basin. Founded in 1988 b...
August 6th, 2018 | 0 commentsNational Agricultural Development Company (NADEC) on Sunday reported a 24.64% decline in net profits for the second quarter of 2018, citing lower sales. NADEC’s profits amounted to SAR 19.51 million ($5.20 million) in Q2-18, down year-on-year from SAR 25.89 million ($6.90 million), according to a bourse statement. Quarter-on-quarter, the...
