Had its good intentions been realised, the Arab spring would have been a magnet for foreign direct investment. Sadly, the instability that has followed the ousting of some of the region’s most notorious dictators has had the opposite effect, scaring away new entrants and making many foreign businesses with a foothold put their expansion plans on hold.
Which makes the news that BIM, a Turkish discount supermarket giant, is planning a rapid expansion into Egypt all the more significant.
By Shelina Janmohamed of Ogilvy Noor
The horsemeat scandal has raised significant consumer questions: what is in the food we eat, how can we be sure it’s properly labelled, and most importantly, who can we trust?
For Muslim consumers who wish to observe halal in their food and beverage consumption – an industry worth an estimated $661bn a year – these are questions they ask daily. For them, halal certification from a trusted authority is vital, otherwise they simply won’t buy. No trusted halal logo, no sale.
Indians are famous for their love of sugary, milk-based sweets – treats like gulab jamuns, roshgollai, and barfi – which are passed out on any auspicious occasion – a birth, an engagement, a job promotion, and of course, a wedding.
But many global companies are hoping Indians’ taste for sweets will carry over to non-traditional products, including that old American deep-fried, sugary, quick breakfast stand-by, the doughnut.
Magnit, Russia’s second biggest food retailer, has decided to diversify into market gardening in a move that might test its reputation for good logistics. The plan, announced as X5, Magnit’s larger rival, reported lacklustre ﬁnancial second quarter results, highlights the pressure Russian food retailers are under to cut costs and generate proﬁts.