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Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Lulu’s IPO raises $1.72bn

The proceeds make it the largest UAE IPO of 2024 to date.

DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

Excess, storage issues behind food waste in GCC

  • When food is lost or wasted, all the resources that were used to produce this food - including water, land, energy, labor and capital - go to waste.
  • The UN says the disposal of food loss and waste in landfills, leads to greenhouse gas emissions, contributing to climate change.

Dubai, UAE–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–11 percent in households, 5 percent in the food service and 2 percent in retail, according to the United Nations. Food loss and waste undermine the sustainability of food systems. When food is lost or wasted, all the resources that were used to produce this food – including water, land, energy, labor and capital – go to waste, the UN says. Underscoring the need for reducing food waste and loss, the UN says the disposal of food loss and waste in landfills, leads to greenhouse gas emissions, contributing to climate change. TRENDS takes a look at the state of food waste in the GCC countries.