AFRICAN & MIDDLE EAST NEWS
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Oman Flour Mills issues Sultanate’s first Islamic Commercial Paper, raising US$26M
The ICP issuance was met with robust market interest and was oversubscribed by 1.4 times, a clear indication of investor confidence.
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Morocco’s 2025 wheat production forecast falls below 10-year average: USDA
While this marks a slight recovery from the 2.46 million tonnes harvested in 2024-25, the USDA reports that it remains significantly below the 4.15 million tonnes produced in 2023-24.
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Samaya Food, Berjaya Food partner to establish Paris Baguette bakery in UAE
This strategic partnership aims to bring the iconic Paris Baguette experience to the vibrant and cosmopolitan UAE market.
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Domty plans to exclude its bakery division from Arla’s US$176M acquisition deal
The offer values Domty at approximately US$176M (EGP 8.9 billion) translating to a price per share of 31.48 EGP (US$0.62).
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Mondelez recognized as Top Employer 2025 in UAE, Saudi Arabia
This achievement marks the third consecutive year for the UAE and an impressive sixth consecutive year for Saudi Arabia, highlighting the company’s commitment to its employees and workplace culture.