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
INTERNATIONAL. Hurt by an accounting scandal and a price war sparked by the march of discount groups, the supermarket wrote down the value of its business by 7 billion pounds to reflect restructuring charges and lower sales.
SAUDI ARABIA. "There was information about a possible act targeting a mall or Aramco installations. We passed this information to the security forces to be on alert," Interior Ministry spokesman Mansour Turki said.
UAE. Liv Store will be catering to the huge amount of women now taking up cycling; Entirely managed by women, including bicycle engineers, gear designers and retail specialists, the Liv experience has expanded rapidly.
UAE. By 2020 experts predict that e-commerce sales in the GCC are expected to touch US$41.5 billion, one of the highest growths across the industry worldwide; AWOK.com sees 500% increase in sales since inception in 2013.
UAE. Global market and consumer research company highlights latest food trends affecting new products development in Middle East as well as neuro research application for communication and media content testing.
SAUDI ARABIA. Frost & Sullivan estimates Saudi Arabia will have a 4% weight in the Morgan Stanley Capital International emerging market index. This implies hundreds of billions of dollars would flow into investments.
UAE. Hareb Al Darmaki, Executive Direcor Abu Dhabi Investment Authority, named as member of the Advisory Council; The Institute funds cutting edge research and fosters high level discussion aimed at better meeting the investment challenge.
UAE. In a speech to the Dubai Global Convention on Leadership for Business Excellence and Innovation, Andrew Ratcliffe expressed to government officials and business leaders that companies should rethink how they behave if they want long-term success.