Financials & Economy
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EABL’s full year profit shrinks 20.8% as illicit liqour makes a comeback
EAST AFRICA – East African Breweries Plc (EABL) has revealed that the resurgence in illicit trade, as consumers move to cheaper unregulated products because of…
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Infant Nutrition becomes largest growth contributor in Nestlé’s Zone Asia, Oceania and Africa in H1 2023
SWITZERLAND – Food giant Nestlé has posted double-digit growth in Middle East Asia and Africa as the Zone Asia, Oceania and Africa (AOA) in general…
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Coca-Cola to adjust prices according to local market inflation, posts 34% profit growth in H1 2023
GLOBAL – Coca-Cola aims to take price with local market inflation in developing and emerging markets even as the company sees consumers globally are getting…
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Impressive Q2 results gives ABB CEO confidence of a good cash delivery year
SWITZERLAND – Switzerland-based technology leader in electrification and automation ABB has reported high revenue growth of 13% (17% comparable) in the second quarter of 2023,…
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Almarai records 7% rise in profit on higher sales
SAUDI ARABIA – One of the Middle East’s largest dairy companies, Almarai has reported a 7% rise in the second quarter net profit, boosted by…