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PIF's Al-Madinah Heritage Co. Inks Deal to Establish Specialist Date Factory

Dates are considered of great importance in nutritional value (SPA)
Dates are considered of great importance in nutritional value (SPA)
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PIF's Al-Madinah Heritage Co. Inks Deal to Establish Specialist Date Factory

Dates are considered of great importance in nutritional value (SPA)
Dates are considered of great importance in nutritional value (SPA)

Al-Madinah Heritage Co., a subsidiary of the Public Investment Fund specializing in dates, has signed an agreement with the Saudi Authority for Industrial Cities and Technology Zones (MODON) to acquire land in Madinah for the establishment of a specialized date processing factory.

The signing ceremony took place during the inauguration of the Industry and Local Content Medinah Forum, which was attended by the Deputy Governor of Madinah Prince Saud bin Khalid bin Faisal bin Abdulaziz.

In this regard, CEO of Al-Madinah Heritage Co. Bandar Al-Qahtani said the agreement would kickstart the company’s scheme for an integrated date factory in Madinah, noting that work would begin three months after plans and specifications had been set in accordance with the latest global technologies.

PIF launched the Al-Madinah Heritage Company last September with the aim of improving the production and quality of dates, specifically the Ajwa variety. It also plans to open up new and diverse markets for the dates and related products, both locally and internationally.

 

 

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Starbucks Strike to Expand to over 300 US Stores on Christmas Eve, Union Says

Starbucks employees, union members and supporters strike outside of a Starbucks store which is closed down due to the strike on December 23, 2024 in New York City. (Getty Images/AFP)
Starbucks employees, union members and supporters strike outside of a Starbucks store which is closed down due to the strike on December 23, 2024 in New York City. (Getty Images/AFP)
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Starbucks Strike to Expand to over 300 US Stores on Christmas Eve, Union Says

Starbucks employees, union members and supporters strike outside of a Starbucks store which is closed down due to the strike on December 23, 2024 in New York City. (Getty Images/AFP)
Starbucks employees, union members and supporters strike outside of a Starbucks store which is closed down due to the strike on December 23, 2024 in New York City. (Getty Images/AFP)

A strike at Starbucks' US stores will expand to over 300 stores on Tuesday, with more than 5,000 workers expected to walk off the job, before the five-day work stoppage ends later on Christmas Eve, the workers' union said.

Starbucks Workers United, representing employees at 525 stores nationwide, said more than 60 US stores across 12 major cities, including New York, Los Angeles, Boston and Seattle, were shut on Monday.

Talks between Starbucks and the union had hit an impasse with unresolved issues over wages, staffing and schedules, leading to the strike.

The Christmas Eve strike on Tuesday was projected to be the largest ever at the coffee chain, the union added. "These strikes are an initial show of strength, and we're just getting started," an Oregon barista said in a union statement.

When asked for a response, a Starbucks spokesperson referred to a company statement it released on Monday.

It said that the vast majority of Starbucks stores will continue to operate and serve customers, adding that it expects a "very limited impact" to overall operations. Starbucks has over 10,000 company-operated stores across the US.

"We are ready to continue negotiations when the union comes back to the bargaining table", the company said.

The Seattle-headquartered firm had previously claimed that the union delegates prematurely ended the bargaining session.

Earlier this month, the workers' group rejected an offer of no immediate wage hike and a guarantee of a 1.5% pay increase in future years.

The union also said that Starbucks has yet to present its workers with "a serious economic proposal."