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THE ECONOMY - FOOD

New food law in capital from May 1

Posted on 06/04/2008

The President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, yesterday announced a new law to ensure the safety of food items. The law will come into force in Abu Dhabi from May 1. Sheikh Khalifa was speaking at a conference in the Abu Dhabi Chamber of Commerce and Industry (ADCCI). The law stipulates imprisonment for at least three months and/or a fine ranging from Dh30,000 to Dh200,000 for anyone who brings or trades in food that is harmful to health, said Rashid Al Shuraiqi, Director of ...  >>MORE

GCC food imports touch US$10b as world suffers crop shortages

Posted on 22/03/2008

In a time of global crop shortages, the Gulf Cooperation Council's (GCC) dependence on food imports has reached US$10 billion. With global crop shortages coming at a time when global demand is rising, the prices of many basic goods including rice, wheat, dairy and cooking oil have been rising dramatically throughout the Middle East. The steep euro-dirham ratio and weakening dollar lend their share to local prices. "The weak US dollar, to which the UAE dirham is pegged, is another key factor ...  >>MORE

Mansour praises Food Control Authority

Posted on 11/03/2008

Sheikh Mansour Bin Zayed Al Nahyan, Minister of Presidential Affairs, said that Abu Dhabi is on the threshold of a new era of distinguished governmental performance. Sheikh Mansour, gave his speech last Sunday, at the Abu Dhabi Food Control Authority Forum. He added that the accomplishments in the field of food control are a source of confidence in the future of the authority. Sheikh Mansour concluded that the spirit of teamwork prevailing in all the authorities activities have supported its ...  >>MORE

Food price inflation upsets grocery budgets

Posted on 06/03/2008

Food price inflation is feared to soar up to 40 per cent this year from last year's 27 per cent, according to a survey conducted by Emirates Consumer Protection Society (ECPS), indicating more difficulties for numerous consumers already struggling to make ends meet under the weight of rising basic commodities. Food prices are accelerating at a fast pace since the year began, pushing the average consumer's budget. One of the factors that affected the increase of food price increase is the ...  >>MORE

Food price inflation in UAE could hit 40%

Posted on 05/03/2008

Food price inflation in the UAE could rise up to 40 per cent this year from the already high 27 per cent, a top official said. "The inflation rate of food prices in the UAE was between 27 and 30 per cent in 2007, according to a survey concluded by Emirates Consumer Protection Society (ECPS). This figure can rise to 40 per cent in 2008, unless strong government intervention takes place by introducing a basket of efficient measures," Dr Jamal Al Saeidi, director of ECPS, said. He demanded ...  >>MORE

Dubai's trade in food items up 23% to Dh29.2b

Posted on 28/02/2008

Dubai's foodstuff trade reached Dh29.24 billion in 2007, growing 23.2 per cent over the previous year, a government agency said yesterday. The figures released by the Statistics Department of Dubai World show that foodstuff imports from almost 70 per cent of this trade. Exports were 15.8 per cent and the share of re-exports was 14.6 per cent. "The trade in foodstuff and consumer items in Dubai has grown steadily over the past five years," said Naseem Al Muhairi, acting manager of the statistics ...  >>MORE

Drastic rise in food prices raises concern

Posted on 14/02/2008

Basic food prices in the UAE have risen a staggering 36 per cent, figures compiled by Gulf News show. The cost of cooking oil has shot up by a massive 80 per cent and Basmati rice, the staple food for most of the population, has soared 50 per cent. There are signs that the price of rice may continue to rise by at least 70 per cent as a huge shortage is expected to hit the market. The price of Indian mutton has escalated by more than 100 per cent and cooking gas prices jumped 30 per cent from ...  >>MORE

UAE imports US$4b worth of food products annually

Posted on 17/01/2008

Annual food imports by the UAE are as high as US$4 billion (Dh14.6 billion) and are expected to grow still faster due to strong economic growth, tourism and a surge in the population, according to a recent report. "Limited trade restrictions, high per capita incomes and growing demand because of ever increasing population in the region is adding to the potential for agribusiness industries in this booming marketplace," Jim Meltz, organiser of AGRA Middle East (AGRAme), that takes place at the ...  >>MORE

Intensive food inspection campaigns in Dubai

Posted on 08/11/2007

Dubai Municipality has intensified its food inspection campaigns to ensure that all kinds of food stuff in the markets meet the required standards set by the relevant authorities. The campaigns have led to closing 231 food outlets for not complying with food safety laws and regulations adopted in the emirate. About 32,000 violations were registered in the period from January to October this year. Hussein Nasir Lootah, Acting Director General of Dubai Municipality, said that food inspectors have ...  >>MORE

UAE is making great efforts to achieve food-security: Kindi

Posted on 16/10/2007

The UAE has made and is still making persistent efforts to achieve food security through qualitative development of the agricultural and industrial sectors, said Dr Mohammed Saeed Al Kindi, Minister of Environment and Water. In an address marking the World Food Day which falls on October 16th, Dr Al Kindi highlighted the vital importance of the farming sector as one of the main mechanisms to contain and eradicate hunger. 'Modernisation of diverse agricultural projects from crops, poultry and ...  >>MORE

Surprise inspections as vegetable prices rise

Posted on 13/09/2007

The price of vegetables has gone up, but the price of fruits remained the same, retailers said yesterday. Major retail outlets, however, said fluctuations in prices do not affect their rates as they have their own mechanism. The Ministry of Economy yesterday conducted surprise inspections of vegetable and fruit markets in the capital as part of a special Ramadan campaign. Retailers said authorities are very strict with them. "About ten officials from various authorities like the ...  >>MORE

UAE bans UK cattle and meat imports

Posted on 07/08/2007

British experts on Monday scrambled to find the cause of an outbreak of foot and mouth disease while a drug company at the centre of the investigation said there had been no breach of its biosecurity measures. The European Commission said exports of fresh meat, live animals and milk products will be banned from all of mainland Britain. A spokesman said the Commission would formalise the decision later. The UAE on Monday imposed a temporary ban on the import of all live cloven-hoofed animals and ...  >>MORE

Keeping close tabs on food in Sharjah

Posted on 27/07/2007

Hundreds of food items are confiscated every year to keep residents out of harms way and to keep tabs on irresponsible shopkeepers who try to make a fast buck by selling expired food items. Sharjah is the only emirate in which the sale, possession and consumption of alcohol is banned, and pork products are also banned. This means that inspectors have to make sure that food items do not contain any traces of alcohol or pork. Any food products that are not certified by the Food Laboratory ...  >>MORE

Food Authority meets international standards: Mansour bin Zayed

Posted on 10/07/2007

The successful participation by the Abu Dhabi Food Control Authority, ADFCA, in international quality assurance programmes is proof of the Authority's compliance with international standards as well as of its keenness on protecting consumers and safeguarding public health, according to Sheikh Mansour bin Zayed Al Nahyan, Minister of Presidential Affairs and Chairman of the Authority. "ADFCA, which has received international recognition for its high-quality food tests, recognises the ...  >>MORE

Food industry's spending crosses Dh6.47b in 2006

Posted on 24/05/2007

The total value of spending in UAE's food industry is estimated to have exceeded Dh6.47 billion (in wholesale prices) last year, according to a recent report. Meat, poultry and fish accounted for 30 per cent of purchases by the UAE's food services sector, followed by dairy products (13 per cent), and rice, bread, pasta and cereal (below 13 per cent). The UAE food services market is estimated to have grown at 11 per cent in 2005 and 2006 and the growth is likely to be sustained this year too, ...  >>MORE

Date-flavoured camel milk hopes for sweet success

Posted on 03/10/2006

The organic camel milk brand that is looking to revolutionise the way we eat breakfast is now taking on Iftar with a melding of the best of both worlds – dates and milk. Camelicious date-flavoured camel milk, which has no added sugar, is naturally probiotic, has half the fat of regular milk and five times the vitamin C, has hit the market. "We did not want to add sugar to something that is already so wholesome. It would ruin it. The date syrup is a good compromise,” said Renate Wernery, ...  >>MORE

Masafi starts new campaign in the UAE

Posted on 26/09/2006

Bottled water and juice producer Masafi has launched its new "Fi Masafi?" advertising campaign in the UAE market. Jointly developed by ad companies Team Y&R and Wunderman, the new campaign features items such as empty water dispensers and coffee makers shedding tears and asking "Fi Masafi?" (Do You Have Masafi?) The Dubai-based company has also developed a media plan involving outdoor and in-store branding and print ads. Established in 1976 Masafi has a paid up capital of US$5.5 million. ...  >>MORE

Camelicious passes the taste test

Posted on 04/09/2006

Breakfast can now be a whole lot healthier with the launch of an organic camel milk, called Camelicious, which its producers say is not only healthier than cows' milk, but better than other camel milk already in the market. Camelicious, produced and packaged by the Central Veterinary Research Laboratory (CVRL), is a one-of-a-kind, harvested through automatic milking systems and kept sterile from udder to bottle – eliminating the need for heat treatment that other camel milk undergoes. ...  >>MORE

Dubai finishes top of the class in commodities test

Posted on 23/08/2006

In the latest comparison of commodity prices across the UAE, Dubai just edged past the other emirates with the lowest prices. When average prices were calculated across each emirate's supermarkets for individual products, Dubai stores scored best in six of the products compared to four each in Ajman, Umm Al Qawain and Fujairah. However, in some cases price differences were fractions of fils. Between them, Dubai's three tested supermarkets offered the cheapest Filipino bananas, frozen green ...  >>MORE

UAE lifts five-year ban on import of Welsh lamb

Posted on 20/08/2006

Shoppers should now be able to buy British lamb after the UAE decided to lift a five-year-old ban on its importation. The move follows negotiations between officials in the UAE and their counterparts in Wales, which is a major producer of lamb. British meat producers say they hope the UAE which produces 25 per cent of the meat it consumes will prove to be a lucrative market for them. A group of them is planning a visit to make the most of their new export opportunities. Dr Ameen Yousuf, food ...  >>MORE

Advoc targets big growth in output to 100,000 tonnes

Posted on 12/08/2006

The Abu Dhabi Vegetable Oil Company (Advoc) on Wednesday said it would achieve record production this year on the back of growing exports to the Gulf and Iraq. "We are on track to exceed 100,000 tonnes in 2006 against a figure of 55,000 tonnes last year," said Colin Smith, the general manager of Advoc. The private joint stock company also said it is installing a new filling line, its sixth, to lift production capacity by some 50,000 tonnes. "Our growth has come mainly from within the GCC and ...  >>MORE

Cadbury chocolate bars in UAE safe, fit for consumption

Posted on 28/06/2006

Cadbury chocolate products in the UAE are free of any contamination and are fit for human consumption, a municipal official disclosed yesterday. 'Thorough and exhaustive lab investigations and tests and field surveys conducted by food safety control and inspection authorities have found that the Cadbury chocolate bars are safe, free of the alleged contamination and fit for human consumption," said Obeid bin Isa Ahmed, Assistant Secretary General of Municipalities. 'Cadbury products in the ...  >>MORE

Al Ain Farms sales hit Dh260m

Posted on 17/05/2006

Al Ain Farms for Livestock Production reported a 17.5 per cent increase in its 2005 annual sales at Dh260 million, up from Dh219 million the previous year, a company statement said. The company's board, in its annual general meeting in Abu Dhabi on April 29, approved a dividend of 12 per cent based on 2005 profits. In 2005, Al Ain Farms' raw milk production increased by 15 per cent and the production of pasteurised milk increased by 11 per cent. Juice sales went up by 50 per cent. On the ...  >>MORE

Dairy sector posts strong growth in '05

Posted on 02/05/2006

The UAE dairy sector has continued its strong growth, with total trade through Dubai growing an impressive 33 per cent in 2005 over the previous year, according to trade traffic statistics compiled by Dubai Ports, Customs and Free Zone. More remarkably, the dairy trade increased by a whopping 815 per cent between 2000 and 2005. The total value of the dairy trade in 2005 was Dh1.2 billion against Dh950 million in 2004. Total imports increased 32.2 per cent from Dh801 million to just over Dh1 ...  >>MORE

Ras al-Khaimah Poultry's plan to pay 15% cash dividend gets nod

Posted on 25/03/2006

The ordinary annual general meeting of Ras al-Khaimah Poultry and Feeding Company has approved the recommendations of the company's board of directors to pay a 15 per cent cash dividend. The assembly announced that the shareholders on March 29 will receive the cash dividend as the company's register will be closed on that day. The company reported a net profit of Dh23.3 million for 2005 compared with Dh6.4 million profit in the previous year. According to a statement released by the ...  >>MORE

FOODCO makes a major foray into the GCC region

Posted on 12/03/2006

As the first part of its significant regional expansion drive, the Abu Dhabi National Foodstuff Company (Foodco) announced that it is planning to set up a branch in the Kingdom of Bahrain during 2006. "We have already acquired an Dh40 million building on the renowned Diplomatic Quarter Street in Manama in order to house our Bahrain office," said Foodco's Managing Director and Member of the Board of Directors, Ahmed bin Ali Khalfan Al Dhahery. Our real estate department is currently working ...  >>MORE

Foodco annual net profits for 2005 up 46 per cent

Posted on 13/02/2006

The Abu Dhabi National Foodstuff Company (Foodco) announced a 46% increase in net profits in the year ending December 2005, compared with the same period last year. The net profits reached Dh133 million as compared to Dh72 million in 2004. This was reported at the recently concluded meeting of Foodco's Board of Directors. The company also reported a remarkable surge in the share price from Dh3.12 in 2004 to Dh4.14 in 2005 as shareholder returns increased by 49% for the year 2005, according ...  >>MORE

Foodco sets up Dh33 million subsidiary

Posted on 29/10/2005

The Abu Dhabi National Foodstuff Company (Foodco) announced that it has established a new subsidiary with a capital of Dh33 million to focus on catering to the restaurants, hotels and other retailers in the hospitality sector. The decision was taken at the Foodco board meeting held recently. The board has also decided that Foodco will hold 50% stake and 50% of the shares will be offered to the existing Foodco shareholders. Five people have been assigned to handle the management of the new ...  >>MORE

Dairy & Fruit Juice industry registers 10 pc annual growth

Posted on 18/10/2005

The Dairy and Fruit Juices Industry in Dubai is expanding at a rate of 10 per cent annually and currently meets 56 per cent of the demand in the UAE, according to a recent study by the Department of Economic Development (DED), which identifies UHT juices and UHT milk as products that have great potential for export. The study further recommends that the dairy industry should research and develop new differentiated products, designed to meet specific needs and tastes of the local market, as ...  >>MORE

Foodco to invest AED 200m in an industrial zone for foodstuff

Posted on 23/09/2005

Abu Dhabi National Foodstuff Company, FOODCO, announced that it would investing Dh200 million in an industrial zone for foodstuff in the capital. The facility will be ready by 2007. Managing Director of Foodco and member of the Board of Directors, Ahmed bin Ali Al Dhaheri said, 'The facility will provide top class infrastructure, efficient and well-developed support services thereby actively encouraging entrepreneurs and investors, Al Dhahery remarked. The UAE's well-established trading ...  >>MORE

Al Ain Dairy to set up new unit

Posted on 05/09/2005

Al Ain Dairy is setting up a new dairy farm with an outlay of Dh35 million, a top company official said. Expansion plans also include a distribution centre in the Jebel Ali Industrial Area before year-end at a cost of Dh11 million. "A new dairy farm in Al Ain will be ready in 2007 and in December this year a major distribution centre will be opened in Dubai," said Saeed Khalfan Mattar Al Romaithi, chairman of Al Ain Dairy. "The estimated cost of the new farm is Dh35 million with capacity ...  >>MORE

FOODCO reports Q2 net profits of Dh74.5 million

Posted on 26/07/2005

The Abu Dhabi National Foodstuff Company (Foodco) reported a record second quarter net profit of Dh74.5 million (US$20.29 million) up by 204 per cent on Q2 2004 results. The results were accomplished with a substantial increase in Q2 sales for the current year up by 11 per cent to reach Dh45.3 million (US$12.34 million). Net income from investments too went up by 124 per cent to reach Dh75.8 million (US$20.65 million) during the second quarter. "These robust results have been achieved as we ...  >>MORE

FOODCO sets sights on greater share of UAE's Dh 338 million water market

Posted on 14/05/2005

With over 98% of the exhibition space having been booked, preparations are afoot to make the Abu Dhabi International Hunting and Equestrian exhibition a great success. According to the organizers, the show which will be held from 12- 16 in September in Abu Dhabi under the patronage of Sheikh Hamdan bin Zayed Al Nahyan, Deputy Prime Minister and Minister of State for Foreign Affairs, is expected to bring together over 300 exhibitors from 30 countries. "The early and massive worldwide ...  >>MORE

New company to import commodities from manufacturers

Posted on 07/05/2005

The Foodstuff and Price Control Committee of the Abu Dhabi Planning and Economy Department has decided to set up a company to import foodstuff directly from the manufacturers in a bid to fight manipulation and high prices. The committee met yesterday to explore mechanisms which allow consumer cooperative societies to face manipulation of some commodities whose prices went up recently between 25 to 30 per cent, adding additional burden on the consumer. The committee, which composed of ...  >>MORE

National Foodstuff net profit rises by 181%

Posted on 23/04/2005

The Abu Dhabi National Foodstuff Company has announced a 181 per cent increase in net profit to Dh33.7 million in the first quarter ended March 31. The company also reported a 132 per cent increase in dividend and 16 per cent growth in trading profits. The company's investment reserves evaluation has gone up 103 per cent to Dh28.52 million. Prominent among Foodco's brand portfolio are Virginia, Shehrazade, Mubarak Basmati Rice, Hafeet Spring Water, Quick Tea, Al Safwa Powder Milk, Danchi ...  >>MORE

Dubai most active re-export hub after Singapore, Hong Kong

Posted on 21/03/2005

Dubai's exports were valued at about Dh44 billion from the third quarter of 2003 to the third quarter of 2004, a trade group said. The statistic forms part of a study released by the Dubai Chamber of Commerce and Industry (DCCI), according to the "Gulf News.” Dubai is recognised as the third most active re-export centre in the world, after Singapore and Hong Kong, the DCCI report said. The trading sector contributed an average of 85.2 per cent of Dubai's exports (this includes re-exports) ...  >>MORE

Khalifa issues law for food control

Posted on 06/03/2005

His Highness President Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Abu Dhabi's Ruler issued yesterday a decree stipulating the establishment of the "Abu Dhabi Food Control Authority" with branches inside the country and abroad. The Authority shall operate to monitor the safety of any elements used in canning, preserving or dealing in imported commodities or substances used for human consumption and to affirm the absence of diseases in those commodities. The Authority shall ...  >>MORE

Higher dairy prices to take effect from November 1

Posted on 18/10/2004

After lengthy parleys between all parties concerned, a decision has been reached to hold diary prices at levels prior to October 15. It was also decided to introduce the new price regime from November 1. The earlier proposal was to raise prices across the board effective from October 15. The increases ranged between 10-12 per cent. The decision to delay the price raise followed a meeting yesterday between the diary producers' grouping and representatives of the leading hypermarkets in the ...  >>MORE

Dairy and foodstuffs to be under unified body

Posted on 23/06/2004

The UAE Ministry of Finance and Industry has asked dairy products and foodstuff manufacturers to establish a unified body to be able to deal with their affairs and problems. The existing Dairy Product Group will initiate the move to enlist other foodstuff manufacturers to their group to form a larger formal council under the umbrella of the Ministry of Finance and Industry, said a senior official in the ministry. The new group will be under the already established Dairy Association, according ...  >>MORE

Poultry from Pakistan banned over bird flu

Posted on 27/01/2004

The UAE has banned the import of poultry from Pakistan after bird flu was detected in chicken flocks in the southern port city of Karachi. Authorities, however, are confident that the UAE remains clear of the deadly bird flu strain that has been found in Thailand. A top official from the Ministry of Agriculture and Fisheries said yesterday: "The ban has been applied on live or frozen poultry from Pakistan and eight other affected countries." The move was classified as a precautionary ...  >>MORE

Al Jazira Poultry farm gets HACCP certificate

Posted on 18/01/2004

Al Jazira Poultry Farm has become the first egg-producing farm in this region to get HACC (Hazard Analysis & Critical Control Points) certification from SGS Gulf Ltd. HACCP is an internationally followed safe food quality assurance system. The certification implies that the certified food manufacturer or processor follows standard procedures that ensure product safety and quality. Al Jazira Poultry Farm is Dubai's first egg producing farm started in the year 1999. In four years, it has ...  >>MORE

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Quick List

New food law in capital from May 1


GCC food imports touch US$10b as world suffers crop shortages


Mansour praises Food Control Authority


Food price inflation upsets grocery budgets


Food price inflation in UAE could hit 40%


Dubai's trade in food items up 23% to Dh29.2b


Drastic rise in food prices raises concern


UAE imports US$4b worth of food products annually


Intensive food inspection campaigns in Dubai


UAE is making great efforts to achieve food-security: Kindi


Surprise inspections as vegetable prices rise


UAE bans UK cattle and meat imports


Keeping close tabs on food in Sharjah


Food Authority meets international standards: Mansour bin Zayed


Food industry's spending crosses Dh6.47b in 2006


Date-flavoured camel milk hopes for sweet success


Masafi starts new campaign in the UAE


Camelicious passes the taste test


Dubai finishes top of the class in commodities test


UAE lifts five-year ban on import of Welsh lamb


Advoc targets big growth in output to 100,000 tonnes


Cadbury chocolate bars in UAE safe, fit for consumption


Al Ain Farms sales hit Dh260m


Dairy sector posts strong growth in '05


Ras al-Khaimah Poultry's plan to pay 15% cash dividend gets nod


FOODCO makes a major foray into the GCC region


Foodco annual net profits for 2005 up 46 per cent


Foodco sets up Dh33 million subsidiary


Dairy & Fruit Juice industry registers 10 pc annual growth


Foodco to invest AED 200m in an industrial zone for foodstuff


Al Ain Dairy to set up new unit


FOODCO reports Q2 net profits of Dh74.5 million


FOODCO sets sights on greater share of UAE's Dh 338 million water market


New company to import commodities from manufacturers


National Foodstuff net profit rises by 181%


Dubai most active re-export hub after Singapore, Hong Kong


Khalifa issues law for food control


Higher dairy prices to take effect from November 1


Dairy and foodstuffs to be under unified body


Poultry from Pakistan banned over bird flu


Al Jazira Poultry farm gets HACCP certificate