Cairo, Egypt--Egypt's annual urban consumer inflation in April dipped to 30.6% from 32.7% in March, data from the state statistics agency CAPMAS showed on Wednesday Month-on-month, urban inflation slowed to 1.7% from 2.7% in March and 6.5% in February. Inflation had steadily crept up over the last year after a...

The company posted a net profit of $104 million for the quarter.

The company posted its highest-ever quarterly sales.

Amman, Jordan-- With an eye on boosting its exports to North America, a range of companies from Jordan will showcase their products at the 18th edition of SIAL Canada food fair, which will kick off in Toronto on Tuesday. The three-day event, which is one of the largest international food...

Consumer prices edged up from 6.9 percent in March, which could further encourage the European Central Bank (ECB) to raise interest rates on Thursday. Analysts for FactSet and Bloomberg had predicted the rate would remain stable. The ECB has hiked rates repeatedly since July last year to rein in inflation.

The Planning and Statistics Authority (PSA) said Monday , the PPI of March 2023 for the Mining and Quarrying showed a decrease by 2.94% when compared with PPI of February 2023.

Foreign nations pushed with evacuations of their citizens from Sudan which, the UN chief warned, is "on the edge of the abyss" after 10 days of brutal fighting between rival forces. As army and paramilitary troops again clashed in Khartoum and across the country, Sudanese have sheltered in their homes...

MIYAZAKI, JAPAN  -  With hunger levels rising and food prices soaring in most of the world, collective actions are necessary for immediate and long-term global food security objectives, Food and Agriculture Organization (FAO) said on Sunday. Director-General of FAO Qu Dongyu made the remarks at the G7 Ministers of Agriculture...

Calling for an end to the "unconscionable" fighting in Sudan's capital, US President Joe Biden pushed for an "immediate and unconditional ceasefire". The president made the appeal while informing the country that the US military had evacuated American embassy staff from Khartoum, adding that the embassy was "temporarily suspending operations."

Doha, Qatar-- Inflation in Qatar rose by 4.01 percent year-on-year in March, because of a rise of prices across eight categories, according to data released by the Planning and Statistics Authority.   The Consumer Price Index of March 2023, which is a broad measure of inflation, reached 105.55 points, up by...

Denouncing clashes in Sudan that have left dozens of civilians dead including three workers of the World Food Program, UN Secretary-General Antonio Guterres has called for swift justice over the killings. He called for an immediate halt to the fighting and "a return to dialogue," and engagement with regional leaders...

The UN's food agency said it was suspending work in Sudan after three staff were killed in the Darfur region, as fighting raged between the army and paramilitaries. "I am appalled and heartbroken by the tragic deaths of three WFP employees on April 15," Cindy McCain, executive director of the...

World food prices are still high but have fallen by a fifth compared to a year ago when prices soared to a monthly record high after Russia invaded agricultural powerhouse Ukraine, UN data showed. Prices have fallen 20.5 percent since March 2022 after a 12th straight monthly drop, the Food...

ROME, ITALY  -  The Food and Agriculture Organization of the United Nations (FAO) has welcomed a US$23.7 million contribution from the Norwegian government to scale up its response to humanitarian crises and emergencies. The contribution represents the largest single un-earmarked funding of its kind to date. The funds will be...

The Food and Agriculture Organization (FAO) said initial assessments in Turkey revealed "severe damage to agriculture, including crops, livestock, fisheries and aquaculture, as well as rural infrastructure in affected areas". It said more than one-third of the population in the hardest-hit areas relied on agriculture to survive.

The 10 nitrosamines -- which are not intentionally added to food but which can form during its preparation and processing -- are carcinogenic and may damage DNA.

The date of distribution will be announced later.

CHENNAI, INDIA - The UAE spoke on food and energy insecurity and their implications in the second Framework Working Group (FWG) meeting within the G20 Finance Track for 2023 held here on March 24 – 25. The meeting was held to discuss the progress made on the 2023 FWG work...

Renewing their commitment to "continuing to strengthen bilateral relations", Egyptian President Abdel Fattah al-Sisi met with a senior Russian delegation in Cairo, in spite of calls by Western powers to isolate Russia over its invasion of Ukraine last year. Egypt has maintained relations with Russia in part to mitigate the...

Turkey announced the extension of a deal that has allowed exports of Ukrainian grain to resume following Russia's invasion, but it was unclear if it had been prolonged for 60 or 120 days. Russia said it had agreed to a 60-day extension, while Ukraine's infrastructure minister said the deal had...

The firm's revenue rose 14 percent to nearly US$2.4 billion.

In order to reinstate full food rations for millions in Yemen, the WFP has said that it requires more than double the money raised for all United Nations agencies in Yemen this year. The UN was able to raise only $1.2 billion for all its agencies in Yemen at a...

Consultations to prolong Ukrainian grain exports deal are continuing, the UN said, after a Russian proposal for just a 60-day extension cast doubt over its fate. "The United Nations will do everything possible to preserve the integrity of the agreement and ensure its continuity," Jens Laerke, spokesman for the United...

Russia has agreed to extend the Ukraine grain export deal following talks with the United Nations - but only for a further 60 days. Moscow said it wanted to see "tangible progress" on a parallel agreement on Russian exports before the deal comes up for renewal again.

Doha, Qatar - Qatar Emir Sheikh Tamim ibn Hamad Al Thani announced Sunday a $60 million financial contribution to Doha Program of Action (DPoA). He was speaking at the Fifth UN Conference on the Least Developed Countries (LDCs) in Doha. Local media reports said that $10 million will be allocated...

Brussels, Belgium - The eurozone annual inflation rate fell to 8.5 percent in February, the EU's statistics agency said Thursday, but the drop was less than expected as food costs soar. Inflation was down last month from 8.6 percent in January but analysts at financial data firm FactSet had forecast...

FRANKFURT, GERMANY - More interest rate increases may be needed beyond the one coming later this month, European Central Bank president Christine Lagarde said Thursday, as inflation in the eurozone remains stubbornly high. "At this point in time, it's possible that we continue on that path," Lagarde told Spain's Antena 3...

ABU DHABI, UAE - Khalifa Fund for Enterprise Development, in partnership with the Abu Dhabi Department of Economic Development (ADDED) and Jenaan Investment, has announced the winners of the CEO program, Agritech Edition. After a rigorous nine-month program that aimed to cultivate entrepreneurship and innovation skills, build and grow ag-food...

Globally, around 14 percent of food produced is lost between harvest and retail, while an estimated 17 percent of total global food production is wasted, UN says.

Defying a government ban against marches, scores of Moroccan trade union activists protested on Sunday in the capital Rabat and other cities to denounce surging costs of food and fuel. Protestors from the Democratic Labour Confederation (CDT) organized rallies outside their offices in Rabat and Casablanca as well as other...

The external e-commerce players, projected to grow by 19.2 percent from 2022 to 2026, are expected to capture a share of 34 percent of the total online shopping in the UAE.

Emirati President Sheikh Mohamed bin Zayed Al Nahyan "has ordered the provision of an additional US$50 million as relief aid for quake-affected people in Syria", reports said.

The WEF president concluded the first major international gathering of the year on a positive note saying progress has been made to tackle world's grave issues. This despite many economists forecasting recessionary risks in 2023 and geopolitical tensions continuing to shape the global economy.

Davos-Klosters, Switzerland-- India's Minister for New and Renewable Energy Raj Kumar Singh has told developed countries to '"walk the talk" on transforming food systems by helping smallholder farmers in developing countries with cheaper access to irrigation, fertilizers and markets. The minister was speaking at a session on “Interplay of Food,...

The world’s top current risks are energy, food, inflation and the overall cost of living crisis. Over the next two years, the cost-of-living crisis remains the number one threat, followed by natural disasters and trade and technology wars, she adds, quoting the WEF's Global Risks Report 2023.

DAVOS, SWITZERLAND – A  report launched Monday at the World Economic Forum Annual Meeting 2023 shows how countries can accelerate the food systems transformation. The report Food Nature and Health Transitions - Repeatable Country Models reveals how actions and investments can accelerate a country’s transition towards food systems that deliver...

That’s because today’s consumer has grown used to the convenience of online ordering – and they’re even willing to cut back on other activities to keep enjoying restaurant-quality meals from home. The latest technologies have revolutionized the food-service industry in more than one way, he adds.

Reduction in hunger, provision of food security and improved nutrition, and promotion of sustainable agriculture contribute to sustainable development in the region, says an expert.

Food prices soared to a monthly record high in March after Russia invaded agricultural powerhouse Ukraine, a major supplier of wheat and cooking oil to the world. A Russian naval blockade that prevented Ukrainian grain exports was lifted following a deal in July that was brokered by Turkey and the...

Cairo, Egypt--Public anger has been growing for months in Egypt over a severe dollar crunch and soaring food prices. But for many a money-saving tip from a state body has been the last straw. As families have struggled to purchase household staples, an Egyptian government agency praised an alternative, cheap protein...

Sherif Elfaham stepped into the new role on January 1, 2023.

DUBAI, UAE -  UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri presided over the first meeting of the Farmers’ Council. The meeting was organized by the Ministry of Climate Change and Environment (MOCCAE). The meeting highlighted the government directions to promote sustainable modern farming systems across...

China has established comprehensive strategic partnership relations with 12 Arab countries separately, says Xi Jinping during Arab-China Summit in Riyadh.

Four Abu Dhabi firms will provide services to ADNOC companies from 2022-27.

The proposed bilateral business council, aimed at developing joint projects and exchange expertise, is likely to be formed by the first quarter of 2023.

ROME, ITALY - The world's ability to nourish its burgeoning population is under threat and without broader socioeconomic and environmental change, sustainable agrifood systems will be impossible to achieve, according to a new report by the Food and Agriculture Organization of the United Nations (FAO) issued Saturday. The report, "The...

Boosted by soaring energy and food bills triggered by Russia's war in Ukraine, the rate of price increases had hit a new historic record every month since November 21. The November figure will decrease pressure on the European Central Bank to further increase interest rates, although its president has expressed...

The bloc's exports of halal products equaled US$275 billion, while their imports totaled US$338 billion last year, says the 2022 Annual OIC Halal Economy Report.

DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) has launched the National Nutrition Strategy 2022-2030 to establish sustainable nutritional systems, provide safe and supportive nutritional environments at all ages and strengthen food governance. The Ministry has also launched the strategy’s operational plan. This comes as part of MoHAP’s...

It is essential to adopt sustainable water management practices to build resilience, sustain peace and improve the well-being of local populations. Coordinated action is needed urgently to tackle the water crisis in the MENA region, which has reached unprecedented levels, he adds.