Food Technology

Calo Raises $25 Million in Series B Funding to Expand Meal Subscription Service Globally
Calo Raises $25 Million in Series B Funding to Expand Meal Subscription Service Globally

The Middle East’s Leading FoodTech Startup Expands with Ambitious Global Plans Calo, the Middle East’s…

EtihadWE Transforms Leak Detection with Advanced Technology
EtihadWE Transforms Leak Detection with Advanced Technology

Etihad Water and Electricity (EtihadWE) is on the brink of transforming its water distribution management…

MealPlanet Raises $6M in Seed Funding to Fuel Saudi Arabia
MealPlanet Raises $6M in Seed Funding to Fuel Saudi Arabia

UAE-based foodtech startup MealPlanet has successfully secured $6 million in seed funding, a significant milestone…

The face of farming in the United Arab Emirates (UAE) is rapidly changing. With a 70% increase in global food demand expected by 2050, and climate change affecting agricultural production, innovation is proving key to easing food insecurity. The UAE Ministry of Climate Change and Environment has launched a campaign to unite businesses with innovation and funding to tackle such issues. The campaign aims to increase domestic production and self-sufficiency of selected food items while improving the income of UAE farms, without compromising food trade.
UAE unveils strategy to boost local food production and consumption

The face of farming in the United Arab Emirates (UAE) is rapidly changing. With a…

The food and agricultural sector are the largest of the major industries in the world. However, the Covid-19 pandemic has abruptly decreased demand from clients and consumers and has harmed the food and agriculture sector.
The Future of Food: New Tech to Save the World

The food and agricultural sector are the largest of the major industries in the world.…

startup in Abu Dhabi To increase sustainable food security, Pure Harvest Smart Farms and the Singapore Food Agency have inked a preliminary agreement to build the nation's first hybrid greenhouse tomato farm. Using agricultural technology (AgTech) innovation, the program will help Singapore achieve its important "30 by 30" national food security target and expand chances for local partners to conduct research and development.
Pure Harvest to contribute to building 1st hybrid tomato greenhouse in Singapore

startup in Abu Dhabi To increase sustainable food security, Pure Harvest Smart Farms and the…

Leading fintech company, Geidea launches its fully-integrated, cloud-based POS system, at GITEX Global 2022  Geidea taps into UAE’s thriving F&B sector which is home to more than 25,000 restaurants and cafes Dubai, United Arab Emirates, 11 October 2022: Geidea, a leading fintech company in Saudi Arabia, has announced the launch of its flagship integrated point-of-sales solution, with the aim to revolutionize payment and business processes for F&B operations across the UAE.Geidea will cater to UAE’s thriving F&B sector – with more restaurants and café’s than any city in the MENA region – which has an estimated growth forecast of 6.8% CAGR predicted during the period of 2022-2027, according to Mordor Intelligence.The new generation, fully-integrated, cloud-based POS system offers F&B businesses the best-in-market point-of-sales solution and can respond to dynamic market conditions and ever-evolving customer needs.Available for full dining, cafes, quick service, food trucks and cloud kitchens, the affordable, integrated POS solution helps run all aspects of the business, including restaurant operations, payment integrations, customer understanding and staff management. The fully integrated system is compatible with all Geidea’s payments solutions. Sailesh Malhotra, General Manager, GCC at Geidea, said: “UAE is home to more than 25,000 restaurants and cafes, and is also the second largest F&B market for online food delivery in the MENA region with an annual market size of $834 million*. As part of Geidea’s continued investment in the UAE, our best-in-class payment technology will provide F&Bs a comprehensive all-in-one solution that addresses payment, commerce and business requirements – all the way from loyalty programs to online ordering. The new solution replaces legacy point of sale and antiquated cash register platforms, which have become obsolete, from their lack of payment methods to their inability to analyze customer behavior and trends. With our new product, we are not only revolutionizing payments in this space but also supporting the growth of the F&B sector which is a key pillar of the country’s economic growth strategy.”Laurent Dhaeyer, Chief Strategy & Growth Officer at Geidea said: “The market is evolving and traditional legacy systems haven’t managed to keep up. We are delighted to introduce a full suite of business applications to improve the way our merchants – even the smaller ones amongst them-run and grow their businesses. We envision it as a real catalyst to unlock SME business success in the MENA region.”The UAE launch is expected to be followed up by further roll-outs to other markets including Saudi Arabia and Egypt.-ENDS-About GeideaGeidea is a leading and fully licensed payment service provider offering digital banking technology, Point-of-Sale (POS) Terminals and business management solutions for both financial institutions and small businesses in retail and digital commerce. Founded locally in Saudi Arabia in 2008 by entrepreneur Abdullah Faisal Al-Othman, Geidea’s mission is to empower merchants of all types and sizes with the tools to start, manage and grow their business. The company believes that the latest payments and commerce technology should be accessible, affordable, and intuitive for everyone. Based in Riyadh, Geidea has more than 2000 employees, 150,000 merchants, and provides support to more than 700,000 payment terminals and ATMs networks within the Kingdom and capturing 75% market share in the sector. The company is rapidly expanding branches in several locations across the GCC, including UAE and Egypt, with an eye to further locations in 2022
Geidea launches integrated point-of-sales solutions in UAE to revolutionize F&B and retail operations

Leading fintech company, Geidea launches its fully-integrated, cloud-based POS system, at GITEX Global 2022  Geidea…

WayCool, a leading food and agritech company, joined hands with Climate Group, an international non-profit organization for the EV100 initiative, which aims to make electric transport the new normal through commitments from forward-looking companies to transition their fleets to electric vehicles (EVs) by 2030. The announcement comes in the backdrop of Climate Week NYC 2022, also run by Climate Group.
Agritech major WayCool joins global electric vehicle initiative

WayCool, a leading food and agritech company, joined hands with Climate Group, an international non-profit…

Abu Dhabi-based startup World of Farming will begin building on-site operations at local farms later this year to provide fodder for meat and dairy producers that currently rely on imports for as much as 80% to 90% of their animal feed, said Faris Mesmar, chief executive officer of Hatch & Boost Ventures, a venture capital firm that launches and scales its own startups.“This region doesn’t have a lot of arable lands and the dependency on imports is becoming an issue for all local privately held and commercial farms,” said Mesmar in an interview. Local livestock producers “find themselves with no consistent access to food to feed their animals.”Techniques such as hydroponics, drip irrigation, and enclosed cultivation allow desert nations such as the UAE to reduce costly imports of high-value fresh produce.
Abu Dhabi-based startup World of Farming plans on installing on-site vertical farms to make animal feed

Abu Dhabi-based startup World of Farming will begin building on-site operations at local farms later…

In a seed fundraising round, Produze, an agricultural technology start-up based in the United Arab Emirates, raised $2.6 million. It will utilize this money to grow its business and advance Middle Eastern food security.
UAE AgriTech startup Produze raises $2.6m in funding round

In a seed fundraising round, Produze, an agricultural technology start-up based in the United Arab…