In a significant move, ADQ-backed Silal has acquired a majority stake in Al Bakrawe Holding, one of the UAE's leading distributors of fresh fruits and vegetables. This acquisition further enhances Silal’s position as a major player in the UAE’s food supply chain. Al Bakrawe, founded in 2002, sources from over…...

After two turbulent years, the global private equity (PE) sector has found some stability, as highlighted by Bain & Company’s 2024 Private Equity Midyear Report. While the worst may be over, the path to a full recovery remains fraught with challenges. The report emphasizes that the sector's activity continues to…...

In a significant development within the retail sector, leading M&A advisors have successfully advised the off-price retailer, Brands for Less, in its strategic partnership with TJX, a global leader in off-price apparel and home fashion retail. The landmark deal is expected to create far-reaching opportunities for growth, further positioning Brands…...

Tibbiyah, a prominent healthcare company in Saudi Arabia, has expanded its footprint in the sector through the acquisition of Al Hammad Medical Services. This deal, valued at SAR 35 million ($9 million), represents a key milestone for Tibbiyah as it strengthens its portfolio and enhances its position within the Kingdom’s…...

Bahrain is set to introduce a significant tax reform aimed at multinational enterprises (MNEs), with the government implementing a domestic minimum top-up tax of 15% on large corporations beginning January 1, 2025. This new tax regulation will apply to multinational companies with global revenues exceeding $828.23 million (EUR750 million), as…...

In recent years, the Gulf Cooperation Council (GCC) countries have embarked on ambitious initiatives to diversify their economies, reduce dependence on oil, and create more sustainable and inclusive economic models. Among these, Saudi Arabia’s Vision 2030 stands out as a transformative blueprint aimed at reshaping the kingdom’s economic and social…...

As protein bar sales grow globally, new opportunities are emerging. Learn the three top drivers of future growth in protein bars, according to our consumer research. Read the full article here...

Studies have consistently shown that shoppers care about sustainability now more than ever. Food and beverage companies are taking note and making pledges to make their portfolios more eco-friendly. Read the full article here...

The meat giant will work with Protix to construct a plant dedicated to insect protein items in the U.S., for use in pet food, aquaculture and livestock production.Tyson Foods announced a strategic investment with insect protein startup Protix to boost the presence of insect ingredients utilized in the food system,…...

According to Global SWFs Governance, Sustainability, and Resilience (GSR) rating, the Saudi Public Investment Fund (PIF) rated seventh globally and first in the Middle East among 100 sovereign wealth funds. The worldwide organization’s 44-page report included a special section titled ‘Champions in Sustainability: The Public Investment Fund’. In November 2022,…...