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FINANCIAL NEWS
Food sector sales in UAE to grow at USD17bn
07 Nov 2016
(MENAFN) UAE food sales are predicted to increase by an annual average of 7.3 percent between 2015 and 2020.
Furthermore, the UAE’s seafood demand is also ready for rapid increase in the coming 4 years, with 8 percent compound annual growth rate (CAGR) in fish product sales.
Accordingly, growth amid three sub-sectors of consumable seafood: fish, shellfish and preserved fish will grow at an annual rate of 8.2pct, 7.9pct and 6.3pct, respectively.
Meanwhile, almost 26pct of UAE household predicted to earn more than USD75.000 in 2017 and the average household earning will grow by 27.8pct in 2020.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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