Binladin Group Has Sought to Develop Rice Fields in Indonesia

DUBAI, KOMPAS.com — Saudi Arabia's largest dairy company said Wednesday it is buying Argentine farm operator Fondomonte S.A. for $83 million to secure access to a supply of animal feed.

The acquisition will give Riyadh-based Almarai Co. control of roughly 30,000 acres of farmland in the South American nation just ahead of tough new limits likely to be imposed by Argentina's government on foreign ownership of productive land.

Almarai said the deal is in line with the desert kingdom's policy of "securing supplies and conserving local resources." Despite its scorching desert climate, Saudi Arabia for decades produced millions of tons of homegrown wheat with the help of generous farm subsidies.
It is now trying to wind down domestic production because of concerns over dwindling water supplies. Fondomonte operates three farms dedicated to producing corn and soybeans, according to Almarai. The Argentine company's website says it also grows barley, rice and sorghum.

Almarai said it plans to use the crops to feed chickens and cattle. It expects to pay for the deal using in-house cash and loans based on Islamic principles, which generally prohibit the paying of interest.

"This is a relatively significant move, that they're actually acquiring a company," said Farouk Miah, an analyst at NCB Capital in Riyadh. "If anything, I think this is the beginning of a trend."

The Saudi purchase was announced as Argentina's Senate prepared Wednesday to approve strict new limits on foreign land ownership, designed to protect the South American country's food resources.

The proposed law, already passed by the House, would limit individual foreign ownership of rural land to 2,500 acres per titleholder, and bar any more purchases by foreigners once 15 percent of Argentina's land is foreign owned.

No one knows just how much Argentine land is already in foreign hands. The law would create a nationwide land registry to establish who owns what. President Cristina Fernandez has said the law would not take away land already owned by foreigners.

As their populations boom, oil-rich Gulf Arab nations have shown increased interest in buying up farmland and other agricultural assets overseas to ensure reliable food supplies.

Emirati investors have bought farmland in Pakistan, while Saudi Arabia's Binladin Group has sought to develop rice fields in Indonesia. Qatar's sovereign wealth fund set up a company in 2008 known as Hassad Food specifically to target agricultural investments abroad.

Almarai is one of the Middle East's largest food companies. It traditionally focused on milk and other dairy products like yoghurt and cheese, but it has recently begun expanding into new product lines such as juices, baked goods and poultry products.

That expansion means "it's even more critical for them to have secure supplies coming in," Miah said.

source : About Daily

What You Should Know about Tablet Operating System

KOMPAS.com - The first wave of tablets with products such as iPad and Galaxy, seen as a smart phone device with a widescreen.

In IOS platform and Android 3.0 (Honeycomb) The new, optimized user interface. New applications not only display mutiple columns, but also has a high resolution.

Here are four platforms most commonly found in the tablets today.

(1) IOS Apple iPad may resemble the iPhone interface, but the application interface makes the Apple tablet has the advantage than the iPod Touch is great.

Advantages: Application of large amounts of Apple arguably is the first manufacturer to produce a modern tablet. Apple collects a large developer to develop a variety of applications, and developed a library of applications. Most new applications first appeared in IOS. Compatible with iPhone application If there is not a special application iPad, you can use the application version of the iPhone on your iPad. You can save as no longer need to buy a version of the iPad if you already have an iPhone version.

Apple IOS fast performance is very cool. Almost no problems are found in these platforms.

Disadvantages Can not customize home screen interface may perform based applications quickly but was unable to put the information directly on the home screen. So you need an application if you want ngetwit or checking email.

Not compatible with Adobe Flash Despite Apple's insistence that HTML 5 is the future of the dam instead of Flash, but still many sites that use animation engine owned by Adobe. This is the only platform that prohibit the Adobe Flash tablets, even for the third application. File system inaccessible browser does not allow you to download files that are not recognizable, such as ZIP or EXE. Additionally, you can not just upload a previously downloaded file because you can not directly access the file structure.

Tied on iTunes You need iTunes to activate your tablet and upload your multimedia files. So you are very tied to iTunes. However, five reported IOS release iPad with cloud-based services in the future.

Tablets are using IOS iPad iPad 2

(CNet / KSP)

source : about daily