Final Day of InFlavour in Riyadh Celebrates Regional F&B Ecosystem

InFlavour ended its three-day run on Wednesday. (SPA)
InFlavour ended its three-day run on Wednesday. (SPA)
TT

Final Day of InFlavour in Riyadh Celebrates Regional F&B Ecosystem

InFlavour ended its three-day run on Wednesday. (SPA)
InFlavour ended its three-day run on Wednesday. (SPA)

InFlavour ended its three-day run at Riyadh Exhibition and Conference Center, Malham, on Wednesday with the region’s growing start-up industry at the top of the menu. Prominent figures from across the Middle East took to the inaugural event’s various stages to share personal growth stories, while the first Five-Star Pitch Fest – a three-day knock-out competition for F&B start-ups – confirmed its winners.

Speaking on the Main Course stage early in the afternoon, Jordanian chef Manal Al Alem discussed the importance of keeping tradition and culture alive. With more than four million followers on Instagram and in excess of 2.6 million subscribed to her YouTube channel, the “Queen of the Arabian Kitchen” believes social media can help rather than hinder when it comes to ensuring younger generations remain connected with their food heritage.

“It is an ongoing challenge with the new generation as they are so used to quick food – the press of a button nowadays means you can have any cuisine you wish,” she said. “Also, traditional food can sometimes be one-dimensional in terms of flavors and the new generation prefers multiple flavors when they eat a meal.

“I like to use my influence on social media to try and encourage my followers to try different things. I work with them to find ways of merging tradition with current trends and have seen some incredible recipes come out of social media. I always like to engage with my followers and leave comments on how they can improve their creations – I believe this is very important when trying to inject traditional culture into modern cuisine trends.”

Later on the same stage, the grand finale of InFlavour’s inaugural Five-Star Pitch Fest saw the industry’s brightest and best start-ups compete to win one of three coveted prizes: The “Plant The Idea Award” for best early-stage start-up included a US$10,000 prize; “Flourishing Founder Award” celebrated the best well-established start-up and also provided a prize of US$10,000; while the “InFlavour Award” was given to the most impressive startup overall, rewarding the winners with a check for US$30,000.

Starting on InFlavour’s opening day, 33 semi-finalists battled it out on stage to impress the 24 investors-turned-judges and secure one of six finalist spots. The grand finale welcomed Prince Khaled bin Alwaleed bin Talal Al Saud, the founder and CEO of KBW Ventures, alongside industry veterans Andrew D Ive, founder and managing general partner of Big Idea Ventures, and Dana Al Salem, founder of Merit Capital, as part of the judging panel, who scored the start-ups based on how each tackled creativity, innovation, potential, functionality, impact, and people and society.

Taking home the “Plant The Idea Award” for best early-stage start-up was Saudi-based Terraxy, a spin-off from King Abdullah University of Science and Technology (KAUST). Commercializing its SandX and CarboSoil technologies, Terraxy aims to address the ongoing challenges posed by harsh and arid environments by ultimately providing low-cost and environmentally friendly solutions for growing plants in deserts.

The “Flourishing Founder Award” for best well-established start-up, meanwhile, was Saudi-based Barakah, an online marketplace that enables food retailers to sell their surplus products and meals to consumers at heavily discounted prices.

Taking home the “InFlavour Award” and its US$30,000 prize was US-based A Dozen Cousins, a natural food brand that makes convenient and nutrient-rich meals, side dishes, and sauces inspired by traditional Creole, Caribbean and Latin American recipes.

“I was thrilled to showcase our brand and what we’ve built over the years,” said Ibraheem Basir, company founder and CEO. “It was so refreshing to hear all the pitches and it’s always a privilege to emerge as the winner. Looking ahead, our future involves continued growth, expanding distribution, and entering new markets. The prize money will help us expand our team and allocate resources efficiently.”

Speaking on the experience of judging some of the most innovative start-ups in the F&B ecosystem, Prince Khaled added: “It has been an incredible three days of pitches. We’ve seen some truly groundbreaking innovations and products from around the world. It is really exciting to see how these start-ups plan to transform not only the wider world’s F&B landscape, but also specifically Saudi Arabia’s. Congratulations once again to all participants and especially the three winners.”

Earlier in the day, Alia AlKasimi, the co-founder of Oh Delices Creative, had delivered a masterclass focused on current trends, spotlighting a cookbook her company created using only generative artificial intelligence (AI), and what potential repercussions the technology could have on the food marketing industry.

“After seeing so much talk about the possibilities of AI, my team and I got together in February of this year to explore how we could use these tools in our work, and in particular, the culinary space,” she said.

“We set out to make a cookbook solely using both text and image-based generative AI. As we are a Morocco-based company, we asked the program to come up with dishes that have never been done before, but still encompass the tradition of Moroccan food. What came out was nothing short of amazing,” she added.

Some of the dishes that made the final cut of Spice & Machine: 10 Moroccan Recipes Born From Artificial Intelligence include a strawberry harissa gazpacho, orange honey quinoa, and a Moroccan mint tea cake. Yet before they could be included, first Al Kasimi and her team needed to generate supporting images – and then, of course, the best part: Testing the recipes for real.

“I’ll be honest, we were all expecting the dishes to taste horrible, but we ended up changing next to nothing as every dish worked perfectly,” she said. “It was a real eye-opener for us all just how powerful AI can be if you learn to harness it properly. A project like this would usually take seven people up to four weeks to create – we did this with two people in less than a week. Is AI going to replace humans? It’s a broad question, but what I do know is humans who have learnt to properly utilize AI will replace humans who haven’t. That much is certain.”

Organized by Tahaluf, the Informa LLC joint venture with the Events Investment Fund and SAFCSP, and with the support of the Saudi Ministry of Environment, Water and Agriculture, the inaugural InFlavour proved a hive of activity with tens of thousands of visitors being joined by 400 brands, 200 investors, and 200 speakers representing 143 countries across the three days.



Trump's Greenland Threat Puts Europe Inc back in Tariff Crosshairs

A worker adjusts European Union and US flags at the EU Commission headquarters in Brussels, November 11, 2013.
A worker adjusts European Union and US flags at the EU Commission headquarters in Brussels, November 11, 2013.
TT

Trump's Greenland Threat Puts Europe Inc back in Tariff Crosshairs

A worker adjusts European Union and US flags at the EU Commission headquarters in Brussels, November 11, 2013.
A worker adjusts European Union and US flags at the EU Commission headquarters in Brussels, November 11, 2013.

Just as European companies were getting used to last year's hard-won US trade tariff deals, President Donald Trump has put them back in his ​crosshairs with an explosive threat to place levies on nations that oppose his planned takeover of Greenland.

Trump on Saturday said he would put rising tariffs from February 1 on goods imported from EU members Denmark, Sweden, France, Germany, the Netherlands and Finland, along with Britain and Norway, until the US is allowed to buy Greenland, a step major EU states decried as blackmail.

On Sunday, European Union ambassadors reached broad agreement to intensify efforts to dissuade Trump from imposing those tariffs, while also readying a package of retaliatory measures should the duties go ahead, EU diplomats said.

The shock move has rattled through industry and sent shockwaves through markets amid fears of a return to the volatility of last year's trade war, which was only eased with tariff deals reached in the middle of the year.

"This is a very serious situation, the scale of which is unknown," Gabriel Picard, ‌chairman of the French ‌wine and spirits export lobby FEVS, told Reuters.

He said the industry had already seen a ‌20% ⁠to ​25% hit ‌to US activity in the second half of last year from previous trade measures, and new tariffs would bring a "material" impact.

But he said what was happening went far beyond sectoral issues. "It is more a matter of political contacts and political intent that must be taken to the highest level in Europe, so that Europe, once again, is united, coordinated, and if possible speaks with one voice."

STAND-OFF COULD BRING BACK LAST YEAR'S TRADE WAR

In a post on Truth Social, Trump said additional 10% import tariffs would take effect next month on goods from the listed European nations — all already subject to tariffs imposed by the US president last year of between 10% and 15%.

The bloc - which had an estimated $1.5 trillion in goods and services trade with the US in 2024 - looks set ⁠to fight back. Europe has major carmakers in Germany, drugmakers in Denmark and Ireland, and consumer and luxury goods firms from Italy to France.

EU leaders are set to discuss options at an emergency ‌summit in Brussels on Thursday, including a 93 billion euro ($107.7 billion) package of tariffs on ‍US imports that could automatically kick in on February 6 after a ‍six-month pause.

The other is the so far never used "Anti-Coercion Instrument" (ACI), which could limit access to public tenders, investments or banking activity or restrict ‍trade in services, in which the US has a surplus with the bloc.

Analysts said the key question was how Europe responded - with a more "classic" trade war tit-for-tat tariff retaliation, or an even tougher approach.

"The most likely way forward is a return to the trade war that was put on hold in high-level US agreements with the UK and the EU in summer," said Carsten Nickel, deputy director of research at Teneo in London.

COMPANIES WILL LOOK TO TRADE WITH 'LESS PROBLEMATIC NATIONS'

German submarine maker ​TKMS CEO Oliver Burkhard said the Greenland threat was perhaps the jolt that Europe needed to toughen its approach and focus on developing its own joint programmes to be more independent from the US.

"It is probably necessary... to get ⁠a kick in the shin to realise that we may have to suit up differently in the future," he told Reuters.

Susannah Streeter, chief investment strategist at Wealth Club, said the new threat created "another layer" of complexity for firms grappling with an already "chaotic" US market. Firms had little capacity to soak up new tariffs, she added.

"A trade war only creates losers," said Christophe Aufrere, director general of French autos association the PFA.

An official at a French industry association that represents the country's largest firms added the Greenland issue was turning tariffs into a "tool for political pressure", and called for the region to reduce its dependency on the US market.

Neil Shearing, group chief economist at Capital Economics, pointed out that some EU countries - Spain, Italy and others - were not on the tariff list, which would likely see "re-routing" of trade within the EU free trade bloc to avoid the taxes.

Analysts added the new tariffs - if imposed - would likely hurt Trump. They would push up US prices and lead to front-loading of exports before the tariffs kicked in, while encouraging companies to seek new markets.

"For Europe, this is a bad geopolitical headache and a moderately significant economic problem. But it could also backfire for Trump," said Holger Schmieding, London-based chief economist at Berenberg.

"Logic ‌still points to an outcome that respects Greenland's right to self-determination, strengthens security in the Arctic for NATO as a whole, and largely avoids economic damage for Europe and the US."


IMF Upgrades Outlook for Surprisingly Resilient World Economy to 3.3% Growth this Year

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo/File Photo
FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo/File Photo
TT

IMF Upgrades Outlook for Surprisingly Resilient World Economy to 3.3% Growth this Year

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo/File Photo
FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo/File Photo

An unexpectedly sturdy world economy is likely to shrug off President Donald Trump's protectionist trade policies this year, thanks partly to a surge of investment in artificial intelligence in North America and Asia, the International Monetary Fund said in a report out Monday.

The 191-nation lending organization expects that global growth will come in at 3.3% this year, same as in 2025 but up from the 3.1% it had forecast for 2026 back in October, The Associated Press reported.

The world economy "continues to show notable resilience despite significant US-led trade disruptions and heightened uncertainty,'' IMF chief economist Pierre-Olivier Gourinchas and his colleague Tobias Adrian wrote in a blog post accompanying the latest update to the fund's World Economic Outlook.

The US economy, benefiting from the strongest pace of technology investment since 2001, is forecast to expand 2.4% this year, an upgrade on the fund's October forecast and on expected 2025 growth — both 2.1%.

China — the world's second-largest economy — is forecast to see 4.5% growth, an improvement on the 4.2% the IMF had predicted October, partly because a trade truce with the United States has reduced American tariffs on Chinese exports.

India, which has supplanted China as the world's fastest-growing major economy, is expected to see growth decelerate from 7.3% last year (when it was juiced by an unexpectedly strong second half) to a still-healthy 6.4% in 2026.


France Says Still Loyal to Syria Kurds, Hails Ceasefire

Syrian army personnel celebrate as government forces enter Raqqa city following the withdrawal of Syrian Democratic Forces, in Raqqa, Syria, January 18, 2026. REUTERS/Karam al-Masri
Syrian army personnel celebrate as government forces enter Raqqa city following the withdrawal of Syrian Democratic Forces, in Raqqa, Syria, January 18, 2026. REUTERS/Karam al-Masri
TT

France Says Still Loyal to Syria Kurds, Hails Ceasefire

Syrian army personnel celebrate as government forces enter Raqqa city following the withdrawal of Syrian Democratic Forces, in Raqqa, Syria, January 18, 2026. REUTERS/Karam al-Masri
Syrian army personnel celebrate as government forces enter Raqqa city following the withdrawal of Syrian Democratic Forces, in Raqqa, Syria, January 18, 2026. REUTERS/Karam al-Masri

France on Monday welcomed a ceasefire between the Syrian government and Kurdish-led forces and stressed it remained loyal to the latter who spearheaded the battle against the ISIS group.

"France is faithful to its allies," the foreign ministry said, urging all sides to respect the ceasefire deal, which will also see the Kurdish administration and forces integrate into the state after months of stalled negotiations.