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Not afraid of being copied : The Brooklyn Creamery targets Oman with guilt-free , vegan ice cream

‘Not afraid of being copied’: The Brooklyn Creamery targets Oman with ‘guilt-free’, vegan ice cream ‘Guilt-free’ ice cream brand The Brooklyn Creamery is churning up its low-calorie range for the Oman market, as it banks on product innovation to meet rising health and wellness trend in the Middle East region. Having started as an ice cream parlour in US in 2015, The Brooklyn Creamery is manufactured in UAE under private label arrangements with Pure Ice Cream Co, for the Middle East and Asian markets. Oman is its fifth market after UAE, Saudi Arabia, India and Singapore. The products will be available in Lulu hypermarkets initially before rolling out into Nesto Hypermarkets and Sultan Centre outlets.

Kuwait gains momentum as Agility shines, volume rises - ARAB TIMES

Messenger KUWAIT CITY, May 5: Kuwait stocks gained momentum on Wednesday following the three-day advance. The All Shares Index rallied 49.34 points to 6,232.97 pts paced by Agility and some of other blue chips and mid caps even as the banks remained largely muted. The Premier Market soared 74.17 points to 6,757.82 pts taking the month’s gains to 130 points while Main Market slipped 7.16 points. The BK Main 50 scaled 20.86 points to close at 5,410.62 pts. The volume turnover meanwhile continued to rise for the second straight session. Over 525 million shares changed hands – up 5 percent from the day before. The sectors closed mixed. Insurance outpaced the rest with 6.41 percent gain whereas Technology slid 3.67 percent, the steepest decliner of the day.

Abu Dhabi s Pure Harvest raises $60m to fund GCC growth

SHARE Abu Dhabi agritech company Pure Harvest Smart Farms secured $60 million through two financing deals and may look to raise another $100m this year as it scales up operations and expands into other GCC markets. The company obtained $50m through a Shuaa Capital-led structured Islamic debt deal in which Sancta Capital and Franklin Templeton were anchor investors. It follows a $10m equity financing round led by Sancta Capital in January. The funding “supports our aggressive growth campaign within the GCC region”, said Sky Kurtz, co-founder and chief executive of Pure Harvest. “This type of financing underscores the innovation occurring within the region’s venture capital markets.”

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