Customer demand for Kraft's processed food products counties to drop.
The American food giant's stock dropped 27 per cent after reporting flat sales in 2018.
Kraft also confirmed that its accounting practices were being investigated.
Search Dubai Eye 103.8
Heinz's share price plummets to a record low
More from Business
-
New Emirates Crew Training Centre powers next-gen aviation growth
Emirates has opened a state-of-the-art flight crew training centre in Dubai, as part of the airline’s strategy to support its expanding fleet and prepare for the future of aviation.
-
Google pledges $6.8 billion in UK investment ahead of Trump's state visit
Google said on Tuesday it would make £5 billion ($6.80 billion) in new investments into Britain ahead of US President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
-
US, China reach framework deal on TikTok
US and Chinese officials said they have reached a framework agreement to switch short-video app TikTok to US-controlled ownership that will be confirmed in a Friday call between US President Donald Trump and Chinese President Xi Jinping.
-
UAE, Egypt sign $30 million deal to drill oil & gas wells in Suez Gulf
UAE-based Dragon Oil, owned by the Emirates National Oil Company, has signed an agreement worth $30 million with the Egyptian General Petroleum Corporation to drill two new oil and gas wells in the Gulf of Suez.
-
Asian businesses account for 58% of Dubai International Chambers in H1
Dubai International Chamber has said that 58 per cent of the multinational companies (MNCs) it attracted to the city during H1 2025 came from Asia.
Coming Up on Dubai Eye
-
The Business Breakfast6:00am - 10:00am
The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
-
The Agenda10:00am - 1:00pm
Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
BUSINESS BREAKFAST LATEST
-
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USAUAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
-
New iPhone Launch - Too Soon For Apple?Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
-
Working From Home or Hardly Working?Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
On Dubai Eye
-
Is There Sufficient House Supply In UAEDubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
-
Noon's First Female Delivery DriverGlory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
