Fintech PR

Consumers buy more frozen food in a bid to cut costs

Published

1 year ago

October 18, 2023

NEWARK, England, Oct. 18, 2023 /PRNewswire/ — New research reveals that 38% of people are buying more frozen food than last year to help save money. The UK has been gripped by levels of inflation not seen since the 1970s and while the actual rate of inflation has slowed, consumers are still feeling the pinch, according to independent research commissioned by the British Frozen Food Federation (BFFF).

Figures supplied by Kantar show that the average grocery shop costs 12% more than it did compared to this time 12 months ago, meaning that every £100 shoppers spent on food in 2022 costs £112 now. Frozen food costs are usually less than their fresh counterparts, meaning shoppers are making more calculated choices.

Fr-easy swaps to save you money

Item	Fresh to Frozen – Switch and Save (up to, per 100g)
Lemon Cheesecake	£1.47
Chopped Onions	70p
Vegetable Lasagna Advertisement	77p
Steak Pie	£1.40
Pepperoni Pizza	£1.13

*price comparison conducted online across Tesco, Asda and Waitrose

Rupert Ashby, Chief Executive Officer of the BFFF said: “The common assumption is that frozen food costs less because it’s lower quality. Yet one of the main reasons is that there’s considerably less waste. When retailers price fresh and chilled foods, they have to account for spoilage in the supply chain. Soft fruits get squashed, vegetables bruise and transportation delays impact shelf life.”

Top tips to make savings in the kitchen:

Look for the frozen equivalent of your favourite fresh and chilled products. Frozen pork sausages cost up to 38p less than fresh, frozen cottage pie costs up to 50p less and you can make savings of up to 99p when swapping from fresh to frozen cod^[1].
Plan your meals and shop according to the plan. Impulse buying can lead to food waste.
Batch cook and freeze portions. It’s OK to re-freeze raw meat and vegetables that have been cooked.
Shop online or use the in-store scan and shop services. You’re less likely to go off-piste when you can see the price of your basket going up with each new item.
Use supermarket price comparison apps like trolley.co.uk to find the best prices for your favourite branded items and cupboard staples.

^[1]https://www.which.co.uk/news/article/can-switching-to-frozen-food-save-you-money-aSfQs0Y7oQLd

The survey also found that 42% of consumers would buy more frozen food if they knew more about the sustainability, waste reduction and nutritional benefits it offered. To capitalize on the growing consumer preference for all things frozen, and to help consumers to make informed choices about frozen food, the BFFF has created FrozenFoodRevolution.co.uk.

Launching for Frozen Food Week, 16 – 25 October 2023, the microsite will play host to the facts about frozen food while giving visitors the chance to win up to £500 of Farmfoods vouchers. For more information about frozen food, visit www.frozenfoodrevolution.co.uk or head to instagram.com/frozenfoodrevolution/ and tiktok.com/@frozen_food_revolution.

View original content:https://www.prnewswire.co.uk/news-releases/consumers-buy-more-frozen-food-in-a-bid-to-cut-costs-301959554.html

Fintech PR

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

22 hours ago

November 24, 2024

CISION (PR Newswire)

wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

Photo – https://mma.prnewswire.com/media/2566076/Wahed_MENA_Khalid_Al_Jassim.jpg

View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html

Fintech PR

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

22 hours ago

November 24, 2024

CISION (PR Newswire)

qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech,-wahed

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

Photo – https://mma.prnewswire.com/media/2566075/Qatar_Development_Bank_Announcement.jpg

View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html

Fintech PR

China’s AIMA brand electric motorbike is now in Bangladesh

Published

1 day ago

November 23, 2024

CISION (PR Newswire)

DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.