Dubai approves major plans to boost economy, extends policy banning single-use plastics

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, approved a set of new initiatives to enable growth in Dubai’s industrial sector, incentives for the agricultural technology sector, and a policy banning single-use plastics, at a recent meeting of the council. Sheikh Hamdan said: “We approved […]

Saudi Agricultural Exhibition witnesses signing of 16 agreements with investments exceeding $800mln

The activities of the day one of the 40th session of the Saudi Agricultural Exhibition, held under the patronage of Eng. Abdulrahman bin Abdulmohsen Al-Fadhli, the Minister of Environment, Water, and Agriculture, started today in Riyadh. The day witnessed the signing of 16 agreements, with investments exceeding SAR3 billion, and three memorandums of understanding for […]

EDB supports food security with Dhs721m under its five-year strategy

UAE’s Emirates Development Bank (EDB) has approved more than Dhs721m in funding for food security projects since the launch of its new strategy in April 2021. The development lender has allocated Dhs30bn to support 13,500 small to medium enterprises (SMEs) in five priority sectors – manufacturing, renewables, technology, healthcare, and food security. “It is important […]

ADQ-backed Silal acquires majority stake in SAFCO Group

ADQ-backed Silal has acquired a majority stake in SAFCO Group, a UAE food and beverage distributor, in a deal that will bolster the company’s market presence and expand its footprint in the food service and distribution industry. The Abu Dhabi-based agtech firm said the transaction aligns with its growth ambitions and significantly strengthens its presence […]