INTERNATIONAL. Kraft's recent announcement to split its operations into two publicly traded companies outlines a plan to create two different trading entities with distinct priorities and strengths.
This is intended to help the company achieve the next stage of its ongoing restructuring process, since its acquisition of Cadbury in January 2010.
Kraft is now bundling and spinning off its US Beverages, Cheese, Convenient Meals and Grocery segments, the non-snack categories in Canada and its foodservice operations, which are worth an estimated US$16 billion in sales in total.
The larger of t
UAE. Phase Two will add 25,000m2 in gross leasable area (GLA); Multi-stage redevelopment, worth more than AED1 billion, includes a new 24 screen VOX Cinemas and further entertainment, dining and retail experiences.
UAE. With its oil wealth, population growth and strong demand for industrial and consumer goods, the MENA region is an attractive market. There are, however, potential pitfalls in doing business, particularly when it comes to appointing local agents to distribute products in the region.
UAE. Dar Al-Handasah will undertake design, engineering and supervision services for the project, for which a construction tender will be released in Q1 2015. The mall is due to be completed in Q2 2017.
UAE. Located in Me'aisem, International Media Production Zone (IMPZ) in Dubai; 60 lifestyle and convenience-oriented outlets including a Carrefour Hypermarket , Magic Planet and community medical clinic; Phase 1 to open by Q3 2015.
UAE. It is said that education is the best investment you can make for yourself and for your children. The affluent population in the Middle East appear to agree. They are also amongst the most digitally plugged-in in the world.
UAE. Eight renowned international designers chosen by Vogue Italia to showcase their collections; 20 emerging international designers selected, for the first time; The Middle East's largest fashion event takes place from Oct 30 to Nov 1, at The Dubai Mall.
SAUDI ARABIA. The Saudi Arabian index is the region's most diverse capital market due to its size and maturity; Jadwa Investment views the opening up of the Tadawul as an overall positive but believes a cautious and considered path to reform is the best way forward, much like the Chinese example.
INTERNATIONAL. "With business operations in both the UK and the GCC, BLME has made significant progress in the first half of the year"; The Group increased its Operating Profit before Impairment charges by 177%.
UAE. Dubai World, the state-owned company at the center of the emirate's 2009 financial crisis, reached a deal with its main creditors to extend the repayment of US$10.3 billion of debt, according to people with knowledge of the matter.