GFM Network News

UAE Wants To Boost Domestic Food Production

The United Arab Emirates needs to boost investment in the agriculture sector, which can supply only 37 per cent of its annual food demand and makes it vulnerable to fluctuating prices, an official said Nov. 22. Gulf states including the UAE suffered when international food prices spiked to record levels in 2008, forcing up their

Gulf Farmland Search Switches To Richer Countries

Gulf nations seeking farmland for food security have shifted their focus to East Europe and Australia after a buying spree in the developing world as they look for land that comes with less political and financial risk. The Gulf is one of the world’s biggest food-importing regions. It stepped up efforts to buy and lease

UAE Firm Leases Farmland In Morocco

An Abu Dhabi-based private sector investment firm has signed a contract to lease up to about 1.7 million acres of farmland in Morocco, a company executive said. Food prices have risen sharply over the past year, prompting governments and private sector firms in the Middle East to look into ways of securing supplies, as most

UAE Eyes Farmland Deals In Ukraine

“Already we have received a lot of interest from the UAE to invest in Ukraine’s agriculture sector, and we are offering all kinds of projects such as leasing of 100,000 hectares of land to the creation of animal farms with 3,000 cows.” AUnited Arab Emirates delegation plans to visit Ukraine to look at opportunities to

Investor Fund Seeks To Buy Farmland

Aprivate sector agriculture fund worth $350 million plans to launch by the end of the year in the Gulf, with an aim to acquire farmland in Eastern Europe and Africa, an executive told Reuters Nov. 11. Gulf countries, mainly reliant on food imports, have increased efforts over the last year to buy or lease land

Pulses Should Be Listed In Dubai, Trading Exec Says

Pulses should be listed on Dubai’s futures exchange because their production is much more efficient than animal protein, a senior trading house executive told Reuters March 30. Traders have been urging managers of the Dubai Gold and Commodities Exchange to list pulses – such as peas, beans, lentils and chickpeas – since 2005, said Sudhakar