In the News

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UAE wants single currency for Gulf states
Monday, 06 December 2010
The country’s minister of economy Sultan Al Mansouri was reported saying the heads of state of the six-nation Gulf Cooperation Council (GCC) would discuss the monetary union when they hold their annual summit in Abu Dhabi on Tuesday (Dec7, 2010).
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NZ scientist and Danish firm develop new frozen yeast
Thursday, 02 December 2010
Chr. Hansen's new frozen, direct inoculation yeast -- pichia kluyveri -- marketed under the name Viniflora Frootzen – was developed with New Zealand academics for use in ‘fresh’ white or rosé wines, and is designed to help wineries meet consumer demand for “natural, authentic and fruitier wines”.
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Emerging market underpins global alcohol demand
Thursday, 02 December 2010
Marlous Kuiper, the head of alcoholic drinks research at Euromonitor told BeverageDaily.com that emerging markets were less affected by the recession and those that were affected bounced back much quicker that the developed markets.
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ANZ bank's primary export price index up 9 consecutive months
Thursday, 02 December 2010
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NZ's Burger Fuel to have 15 outlets in UAE in five years
Thursday, 02 December 2010
The opening of the first Burger Fuel outlet in Dubai is the New Zealand company’s second Middle Eastern territory to be opened in 2010, the first being the hugely successful Al Khobar store in the Eastern province of Saudi Arabia.
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European dairy farmers eye Russia and partners
Thursday, 02 December 2010
As of July 2010, in accordance with the most recently accepted documents, Russia, Belarus and Kazakhstan formally created a joint customs area, within which the majority of goods exchange are subject to the principles of free trade.
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Cargill's new ingredient for Asian bakeries
Thursday, 02 December 2010
Two of the new functional systems under Cargill’s Asian ingredients brand, Protex CF 6205 and Protex CF 6206, are intended for use in Mochi buns and donuts, Japanese delicacies traditionally made from pounded and shaped glutinous rice but which can also be made from rice flour.
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Singapore Air Cargo fined US$48 mln for price fixing
Thursday, 02 December 2010
The US Justice Department said Singapore Airlines Cargo Pte Ltd engaged in a conspiracy to fix prices with a one-count felony charge filed in federal court accusing the company of helping to fix prices between 2002 and 2006.
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China the new mecca for luxury car brands
Wednesday, 01 December 2010
Sales of luxury vehicles in China - including luxury cars, SUVs, MPVs and sports cars - from 20 brands almost quadrupled from 2005 to 2009.
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Hong Kong & NZ sign double tax agreement
Wednesday, 01 December 2010
The agreement is a significant addition to New Zealand’s network of double tax agreements with key trading partners and is potentially valuable to businesses and investors from both here and Hong Kong.
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GE to spend US$500 mln on medical business in China
Wednesday, 01 December 2010
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Arab world sees sharp growth in online gaming
Wednesday, 01 December 2010
Steve Tsao, CEO of Tahadi, told Gulf News during the Dubai World Game Expo that the Arab world is the fastest growing markets in the world.
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NZ produce exporters pay high tariffs offshore
Tuesday, 30 November 2010
New Zealand horticultural produce exporters paid an estimated $235 million in tariffs to importing countries, an increase of 19% on the 2008 figure of $197 million. At the same time export earnings increased by 8%, according to a recent study.
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Fonterra, Nestle expands dairy venture in Chile
Tuesday, 30 November 2010
DPA-Chile will focus on accelerating the growth of the liquid and chilled consumer dairy market, which has grown rapidly over the last three years.
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Australia must end 89-yr ban on NZ apples - WTO
Tuesday, 30 November 2010
WTO judges have rejected the appeal, saying the 89-year-old ban on New Zealand apple imports is illegal.
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UK closer to approving cloned meat for consumers?
Tuesday, 30 November 2010
According to FoodManufacture.co.uk, the hypothetical ruling from the Advisory Committee on Novel Foods and Processes (ACNFP) is significant, given that requests for rulings that yield a positive result usually lead to the licensing of foodstuffs for sale within the UK. The Food Standards Agency (FSA) said its board will meet in December to discuss the committee’s conclusions, before advising ministers.
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UAE's Memex 2010 fair opens with 120 exhibitors
Monday, 29 November 2010
The expo at the Abu Dhabi National Exhibition Centre is expected to attract over 3,000 decision makers from more than 25 countries are expected to attend, primarily from across the Mena region.
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UAE's Union Railway appoints consultants for its US$11-bln rail
Monday, 29 November 2010
A joint venture of US firm Parsons and France's Systra has been awarded a project management consultancy contract for the network while Parsons Brinckerhoff, a unit of UK's Balfour Beatty, was awarded a preliminary engineering contract for phases one and two of the project, Richard Bowker was quoted saying.
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International freight vol stops its decline in Oct
Thursday, 25 November 2010
Middle East carriers recorded the strongest growth in international freight for October with an 18% increase in demand.
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China to be the world's new beer guzzlers
Thursday, 25 November 2010
The Asian market is dominated by China who in five years time is predicted to account for over a quarter of all beer consumption worldwide.
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