Abdullah Al-Othaim Markets Company is a Saudi Arabia-based joint stock company, currently operating in Saudi Arabia and Egypt. Its main activities are food wholesaling, grocery stores, and malls.
Headquarters: Riyadh, Saudi Arabia, Revenue: 1.4 billion USD (2015)
The case for Abdullah Al-Othaim Markets: Supermarkets in Saudi Arabia Report To Impressive Growth, Production, Sales Area, Gross Margin, Revenue Analysis Forecast 2023
China’s renewable investments to become more efficient
The Chinese government’s push for more market-oriented renewable energy will help improve renewable energy investments and alleviate regional overcapacity and subsidy pressure, according to an industrial report by Fitch Ratings. The report said that China’s renewable capacity growth, especially solar, would decelerate further in 2019, with low-cost, subsidy-free projects becoming a driver of new investment. The analysis was made after an action plan on clean energy consumption was jointly released by the National Development and Reform Commission and National Energy Administration (NEA). Under the plan, by 2020 China will strive to lift the utilization rates of wind, photovoltaic and water power to an internationally advanced level of 95 percent. The percentage of clean-energy power wasted will be capped at 5 percent.
UK alternative feed ingredient startup eyes aquaculture entry
DryGro grows animal feed crops on arid, otherwise unproductive land – different to traditional agriculture. These are technologies developed in Oxford University. Over the last year we launched our first farm in Kenya and over the next year we are going to extend that farm. In 2019 our goal is to continue to demonstrate the use case for our technology and move towards industrial-scale production. For us sustainability really is at the core of what we do. We are developing technology for more sustainable agriculture to serve the needs of the next century and the next century’s population.
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Viome to acquire Habit nutrition service from Campbell Soup Co
Viome, a health startup from Seattle-based entrepreneur Naveen Jain, and key investment holding of Milltrust, has reached an agreement to acquire personalized nutrition service Habit from Campbell Soup Company for an undisclosed sum. At first glance, the services are very similar. Viome analyzes a person’s microbiome to make food recommendations. Habit does a more simplified DNA test and focuses on user engagement and habit-creation by recommending recipes and nutrition plans.