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Dubai food giant IFFCO Group moves toward liquidation amid $2 billion debt

[Editor’s Note: Follow the Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.] The move towards provisional liquidation of Dubai-based food conglomerate IFFCO Group marks one of the most significant corporate distress cases in the Gulf consumer sector in recent years, highlighting how mounting debt, shareholder complexities and geopolitical disruptions…