Tech/AI Swiss Lindt & Sprüngli sales rise by 10.3% Sama Mousa Jan 16, 2024 0 Switzerland’s Lindt & Sprüngli achieved a sales growth in 2023 of 10.3 per cent, the company said in a press…
Featured McDonald’s Egypt sales drop by 70% amid boycotts Sama Mousa Nov 24, 2023 0 McDonald’s Egypt sales dropped by 70 percent amid the ongoing boycott over the company’s support to Israel, a…
Tech/AI Egypt’s Juhayna posts $28.44mln consolidated profits in 9M-23 Sama Mousa Nov 6, 2023 0 Egypt's Juhayna Food Industries posted consolidated net profits of 878.93 million Egyptian pounds in the first nine…
Tech/AI Saudi Almarai approves $108mln investment for bakery segment Sama Mousa Oct 3, 2023 0 Saudi Arabia's Almarai Company said it approved a 405 million riyal ($108 million) investment plan on Tuesday to…
Tech/AI Edita discloses $45mln loan from IFC Sama Mousa Oct 1, 2023 0 Edita Food Industries, one of Egypt’s largest food companies, has signed an agreement with the International…
Editors' Picks The world embraces coffee on International Coffee Day Sama Mousa Oct 1, 2023 0 The world is celebrating International Coffee Day which is celebrated to appreciate the coffee's journey from farms…
Tech/AI Edita Food Industries plans to expand in Saudi Arabia market Nada Ali Sep 12, 2023 0 Egypt's largest snack food producer Edita is considering expansion in Saudi market and it will put the matter…
Tech/AI Egypt’s Juhayna Food profit rise 25% in Q2 Sama Mousa Aug 9, 2023 0 Egypt’s Juhayna Food Industries announced on Wednesday that its net profits rose to 216.9 million Egyptian pounds…
Tech/AI Nestlé to add 4 production lines in Egypt Sama Mousa Aug 7, 2023 0 Nestlé is set to add four production lines to its factories in Egypt by the end of 2023, Chairman and CEO of Nestlé…
Industry & Trade Coca-Cola raises full years revenue, profit forecasts Nada Ali Jul 26, 2023 0 Coca-Cola Company reported on Wednesday that it raised the annual revenue and profit forecasts, betting on higher…
Industry & Trade McDonald’s dropped tomatoes from Indian menus amid supply shortages Nada Ali Jul 19, 2023 0 The fast-food chain McDonald's recently made news that they have drop tomatoes from its menu in most of its outlets…
Industry & Trade McDonald’s to stop selling McCafé Bakery items this month Nada Ali Jul 16, 2023 0 The biggest fast-food chain Macdonald’s confirmed on Wednesday that it is ending the McCafé Bakery by phasing out…
Industry & Trade Mars to acquire healthy food company Kevin’s Natural Foods Yassmine Elbehnaihy Jul 6, 2023 0 Mars Inc. is buying nutritious meal company Kevin’s Natural Foods, known for its meals, sauces, and side dishes,…
Tech/AI Edita to invest EGP 800 mln in 2023 Sama Mousa Jun 18, 2023 0 Edita Food Industries said on Sunday it aims to invest 800 million Egyptian pounds ($25,962,292) during 2023 and it…
Industry & Trade Juhayna profits rise by 135% during Q1 in 2023 Sama Mousa May 31, 2023 0 Egyptian food company Juhayna profits increased by 135 percent during the first quarter of 2023 to reach 339.4…
Tech/AI Mars swapped plastic wrapper for paper wrapper Sama Mousa May 29, 2023 0 Mars chocolate bars swapped their plastic wrappers for new environmentally friendly paper wrappers on Sunday.
Industry & Trade McDonald’s earnings reach $1.8bln in Q1 Sama Mousa Apr 26, 2023 0 McDonald’s announced on Tuesday that its revenues and earnings in the first quarter of 2023 have reached $1.8…
Tech/AI Russia revives Rostic’s amid KFC exit Sama Mousa Apr 25, 2023 0 Former KFC restaurants in Russia will reopen as Rostic’s on Tuesday to revive the Russian brand born after the…
Industry & Trade McDonald’s to change recipes for its most iconic burgers Sama Mousa Apr 19, 2023 0 McDonald’s is working on a series of upgrades to its most iconic burger according to the fast food chain’s…
International News Starbucks certifies 3500 Greener stores globally Sama Mousa Apr 19, 2023 0 The coffee giant Starbucks has currently 3,508 stores under its Greener Store framework and is expanding more, as…
Money McDonald’s cuts pay for some employees Sama Mousa Apr 10, 2023 0 McDonald’s Corp. is cutting the pay for some of its employees as part of its restructuring according to the Wall…
Money French bakeries under threat over energy bills hike Sama Mousa Apr 5, 2023 0 French bakeries are fighting to survive the ongoing inflation in electricity and fuels prices, with a huge threat…
Featured Get to know McDonald’s 7 most unique restaurants in the world Nada Ali Apr 4, 2023 0 McDonald's located on the banks of the Nile in the Egyptian city of Aswan, this McDonald's restaurant has…
News Egypt’s Rabbit, Metro markets sign milestone partnership Nada Ali Mar 29, 2023 0 Egyptian e-commerce platform, Rabbit and Metro markets company announced last week that they have entered into a…
Featured Pepsi unveils new revamped logo Yassmine Elbehnaihy Mar 29, 2023 0 PepsiCo has unveiled on Wednesday its latest rebranded logo in 14 years, a revamped version of its 1990 logo, on…
Tech/AI U.S. GrubMarket opens office in Egypt Nada Ali Mar 28, 2023 0 America's largest and fastest-growing food supply chain eCommerce company, GrubMarket announced on Tuesday, that it…
Money Nestlé ranked most valuable food brand – Forbes Sama Mousa Mar 23, 2023 0 Nestlé has been ranked by Forbes on Wednesday as the world’s most valuable food brand with the brand’s value rising…
International News Starbucks new CEO steps in two weeks early Yassmine Elbehnaihy Mar 22, 2023 0 New Starbucks CEO, Laxman Narasimhan, has stepped in two weeks earlier than planned and joined the board on Monday,…
Egypt News Tetra Pak Egypt: women represent 28% of senior management Nada Ali Mar 13, 2023 0 Alia Omar, Head of Marketing at Tetra Pak Egypt, said that women working in the company's senior management account…
International News Starbucks plans to open 100 stores in UK Yassmine Elbehnaihy Mar 7, 2023 0 Starbucks is set to open 100 new stores in the UK this year, as sales had a 37 percent increase during recovery…
Money Goldman Sachs among bidders in $10 bln Subway sale Sama Mousa Mar 5, 2023 0 Goldman Sachs Group Inc. is among the bidders for the U.S. based sandwich chain Subway, with an estimated price of…
Leisure Malaysia’s 1st reptile café opens in Kuala Lumpur Yassmine Elbehnaihy Feb 28, 2023 0 Malaysia opens first café for reptile lovers in Kuala Lumpur, as the owner Yap Ming Yang wants to encourage…
Industry & Trade Starbucks launches new olive oil-infused coffee in Italy Yassmine Elbehnaihy Feb 22, 2023 0 World’s largest coffee chain, Starbucks has launched new Oleato line of olive oil-infused coffee drinks in 24…
Tech/AI Cairo Food Summit takes place on February 27 Yomna Yasser Feb 20, 2023 0 The first edition of Cairo Food Summit will take place on February 27 under the auspices of Egypt's Ministers of…
Featured Nestlé sales surpasses by 8.4% to CHF 94bn Nada Ali Feb 19, 2023 0 Swiss multinational food company, Nestlé has reported sales increased by 8.4 percent increase to reach CHF 94.42…
Featured Nestlé to rise food prices in 2023 Nada Ali Feb 19, 2023 0 The world’s largest food group, Nestlé said on Thursday that the food prices will continue to rise throughout in…
International News M&M launches limited edition packs with all-female characters Nada Ali Jan 15, 2023 0 M&M's unveiled new female-focused packaging with the help of three “spokescandies”, as each pack depicts the…
EGX Telecommunications Tops EGX-Listed Sectors In Week Yomna Yasser Sep 22, 2012 0 During last week’s trading, Telecommunications has topped EGX-listed sectors recording a volume of trades of 523.9…
Egypt News Lack Of Development In Sinai A Main Reason Of Terrorism Administrator Aug 6, 2012 0 Samy Seliman, chairman of Taba-Nubeiwaa Investors Association, said the main reason behind the terrorist process is…