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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

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            Iraq set to award new Faw Port deals

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            Deal signed to set-up first factory in Qatar to assemble electric vehicles

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            Railway line to be built between Mosul, Turkey: governor of Nineveh

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            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

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            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

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            Miral’s premier Abu Dhabi waterfront project work on track

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            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

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              Acwa Power inks finance deals for 900MW Dubai solar park

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

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                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

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                Staycations to stimulate Qatar’s hospitality sector

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                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Iran, France enter joint venture for shrimp production

              Financial Tribune

              July 3, 2017
              in Food
              0
              Iran's Hormoz Dam Company and Crusta'C and Du Ble Au Soleil SASU companies from France signed a contract worth $20 million in Tehran on Saturday for the joint production and export of 1,000 tons of shrimp annually, the chairman of Iran Feed Industry Association said.
               
              "The share of capital each side brings to the table is not stipulated precisely in the contract, yet the French sides have undertaken to transfer the latest technology in the field to their Iranian counterpart and this is what we are mainly after," Majid Movafeq-Qadiri also  told Financial Tribune in a telephone conversation.
               
              The required technology at each step of the production process is to be transferred by the French companies to the Iranian party. These include the latest shrimp farming methods, the know-how of producing larvae with the highest amount of productivity, feeding instructions and the most efficient ways of processing and packaging.
               
              "Machinery will also be imported along the way if need be," Movafeq-Qadiri said.
               
              The two sides have agreed in the contract to form a joint holding called Crustapars and carry out the whole shrimp production and export process under the same brand.
               
              This is the first time in the field of Iranian fisheries that the entire process, beginning from shrimp larviculture to breeding, feeding, farming, packaging, processing and selling, is going to be executed by a single company.
               
              A trial period of cooperation took place between these companies last year, which led to the export of 200 tons of shrimps.
               
              "The undertaking of the entire production process by one company has a multitude of advantages, among them the fact that production costs decrease and as a result end prices too reduce by at least 15%. This means more people can afford seafood and per capita consumption of these products increases, in turn benefiting people's health," he said.
               
              "This kind of production will put us in a strong bargaining position in the international markets, gives a competitive edge to our products and increases the quality of products."
               
              Movafeq-Qadiri also announced that a delegation from the Agriculture Commission of the European Union comprised of representatives of 40 companies active in the food industries is scheduled to visit Iran and hold a business forum in the capital on November 11-12.
               
              "Most of these companies are active in livestock, poultry and fish sectors as well as food industries. The commission will survey trade and investment opportunities as well as the possibility of technology transfer with their Iranian counterparts who are willing to receive foreign investments and technology," he said.
               
              "Over 20,000 tons of shrimp were produced in Iran in the year to March 20, 2017, of which about 14,000 tons were exported mainly to the European Union, Russia, Southeast Asian countries, Vietnam and China as well as the Persian Gulf littoral Arab states," the head of Seafood Exporters Union, Ali Akbar Khodaei, said.
               
              The official noted that production and exports are expected to rise to 30,000 and 20,000 tons respectively in the current Iranian year (March 2017-18).
               
              Financial Tribune
              03 July
               
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