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. 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.
INTERNATIONAL. We have entered a new chapter in the history of central banking. This paradigm shift changes the policy tools that have traditionally defined the sphere of macroeconomic decision-making; We have built an economy that is now so leveraged that it needs zero percent interest rates just to tread water.
SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."