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. 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.
UAE. Dubai developper announces a net profit increase of 54% compared to the same period in 2013 on strong revenue from property development together with improving performance in Nakheel's retail, leasing and leisure businesses.
UAE. "The proposed Amanat IPO is strong evidence of continuing interest in regional and international interest in IPOs in the UAE and the GCC more widely, despite the recent softening in equity markets globally."