Efico Bankruptcy Highlights Gulf Crisis
A report by Bloomberg's "Asharq" agency mentioned that Hazem Ayad's company, operating manufacturing facilities both inside and outside the UAE, produces a wide range of goods such as cooking oils and animal feed, playing a key role in the food security of the United Arab Emirates. However, regional conflicts have disrupted oil flows through the Strait of Hormuz, limiting companies' ability to import raw materials.
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