Swiss Lindt & Sprüngli sales rise by 10.3%
Switzerland’s Lindt & Sprüngli achieved a sales growth in 2023 of 10.3 per cent, the company said in a press…
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food and beverage
McDonald’s Egypt sales drop by 70% amid boycotts
McDonald’s Egypt sales dropped by 70 percent amid the ongoing boycott over the company’s support to Israel, a…
Egypt’s Juhayna posts $28.44mln consolidated profits in 9M-23
Egypt's Juhayna Food Industries posted consolidated net profits of 878.93 million Egyptian pounds in the first nine…
Saudi Almarai approves $108mln investment for bakery segment
Saudi Arabia's Almarai Company said it approved a 405 million riyal ($108 million) investment plan on Tuesday to…
Edita discloses $45mln loan from IFC
Edita Food Industries, one of Egypt’s largest food companies, has signed an agreement with the International…
The world embraces coffee on International Coffee Day
The world is celebrating International Coffee Day which is celebrated to appreciate the coffee's journey from farms…
Edita Food Industries plans to expand in Saudi Arabia market
Egypt's largest snack food producer Edita is considering expansion in Saudi market and it will put the matter…
Egypt’s Juhayna Food profit rise 25% in Q2
Egypt’s Juhayna Food Industries announced on Wednesday that its net profits rose to 216.9 million Egyptian pounds…
Nestlé to add 4 production lines in Egypt
Nestlé is set to add four production lines to its factories in Egypt by the end of 2023, Chairman and CEO of Nestlé…
Coca-Cola raises full years revenue, profit forecasts
Coca-Cola Company reported on Wednesday that it raised the annual revenue and profit forecasts, betting on higher…