INSEAD Day 4 - 728x90

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Netherlands drinks the most coffee in the world

Saudi Arabia is among the top 10 countries in the world in coffee consumption.
    • The Netherlands is followed closely by Nordic countries Finland, Sweden and Norway

    • The global coffee market is enjoying ongoing growth despite the pandemic

    The Netherlands has emerged as the top coffee guzzling nation in the world, the data on the per capita consumption of the beverage across different countries has revealed.

    According to an estimate from the Statista Consumer Market Outlook, per capita consumption of coffee is set to be 8.3 kilograms in the European country, making it the most avid drinker of a cup of hot brown among the 15 countries with highest consumption of the beverage in the world.

    The Netherlands is followed closely by Nordic countries Finland, Sweden and Norway with a per capita consumption of 7.8, 7.6 and 6.6 respectively.

    Not far behind in the chart are Canada, Lebanon, Germany, Brazil and Qatar which at around 5 kg per capita consumption are the leading guzzlers of the bitter bean juice.

    Next are Switzerland, Italy, Estonia and Portugal which consume an average of  4 to 5 kgs of coffee per capita every year. The United States and France are at the bottom  of the chart with a consumption of 3.5 and 3.4 kgs respectively.

    According to a study by IndexBox, the global coffee market is enjoying ongoing growth despite the pandemic. Coffee yield figures have remained strong in 2020 and coffee bean exports have increased, despite the disruption to supply chains caused by the Covid-19 lockdown. Surging home coffee consumption has offset the slump in sales following the closure of the hotels, restaurants and cafes (HoReCa segment).