iFarm, Palm Co. win “The CovHack Virtual Innovation Challenge” on the theme “Circular Economy for Food”. iFarm, from Finland, topped the Start-ups category, while Palm Co. from the UAE dominated the Teams category. The challenge received 339 entries. A total of 112 applications – 43 in the Teams category and 69 in the Start-ups category […]
Tag: UAE
Abu Dhabi’s, ADQ has agreed to acquire a 50 per cent stake to buy 50% stake in agri-food specialist Al Dahra Holding. Al Dahra is a prominent multinational leader in agribusiness, specializing in the cultivation, production and trading of animal feed and essential food commodities and end-to-end supply chain management. Serving a large customer base […]
Phoenix Commodities, a trader of agricultural products with offices in Dubai and Singapore, is being liquidated after amassing more than US$400 million (S$567 million) in potential trading losses. It was valued at $1.1bn-$1.24bn as recently as January, according to a document filed by its provisional liquidators.. The Phoenix Group, which was registered in the British […]
Abu Dhabi-based Al Dahra Holding has signed a deal to cultivate and supply essential crops and forage across Bulgaria. The memorandum of understanding (MoU) was signed with Bulgaria-based AJD Agro and includes alfalfa and other grasses. Al Dahra previously invested in the country through Loulis Mills, the Greek-based flour miller, which acquired the largest flour […]
Four agriculture technology (AgTech) pioneers will build new facilities in Abu Dhabi dedicated to developing next generation agriculture in arid and desert agriculture. The Abu Dhabi Investment Office, ADIO, has partnered individually with AeroFarms, Madar Farms, RNZ and Responsive Drip Irrigation, RDI. The investment office has launched a targeted incentive programme in 2019 to accelerate […]
