logo
Haraz to open more Charlotte locations as Yemeni coffee craze continues

Haraz to open more Charlotte locations as Yemeni coffee craze continues

Axios07-03-2025

The cafe chain that awakened Charlotte's taste for Yemeni coffee is expanding, with new locations planned from South End to Concord.
Why it matters: Charlotte's first Yemeni-style coffee shop, Haraz, quickly became a local favorite after opening in Plaza Midwood in December 2023. For months, lines of customers craving the culture's distinctive, rich flavor stretched out the door.
Just over a year later, the franchisees are already planning multiple new locations to respond to the demand for Middle Eastern coffee elsewhere in the city.
The latest: Owner Abdullah Saleh and his brothers — Mohamed, Saeed and Hamed — will open another location at the South & Hollis apartments in Lower South End, likely in mid-April. At 3,100 square feet, this cafe will be more than twice the size of the Central Avenue spot and offer more seating.
Their Concord location, at a to-be-announced address, is expected to open by late summer. Each shop will have its distinct character and nods to Yemeni culture, Saleh tells Axios.
Meanwhile, a separate owner, Raad Al-sharee, is building a Haraz location at Verde at McCullough Station in University City. He expects construction to finish inside the nearly 2,700-square-foot space this summer.
"I thought that would be a perfect spot for it, especially with the university, to serve all the communities," Al-sharee says.
What they're saying: Saleh attributes Haraz's success to young people's desire for places to hang out besides bars. The shop stays open late and sees decent foot traffic at night.
As Muslims, Saleh and his family don't drink alcohol. "Our way to socialize is to drink coffee and tea — whether early in the mornings or late at night. We wanted to bring some of that here to Charlotte."
The Haraz brand seemed like it would perform well in Charlotte, Saleh says, given the city's diversity and sense of community.
The business has drawn patrons from all backgrounds, not just the Middle Eastern population, Saleh says.
Zoom out: Since Haraz's arrival, other Middle Eastern coffee shops are popping up, too.
Qahwah House opened nearby on Pecan Avenue in December 2024.
Bayt Almocha will open in Centro NoDa, the Charlotte Observer reported.
Context: All three chains originated out of Dearborn, Michigan — an area with a majority Arab population.
Saleh relocated to Charlotte from Michigan in 2021, but he and his family are originally from Aden, the southernmost city in Yemen. Saleh hopes to shed light on Yemen's coffee history.
Zoom out: Haraz is growing in other cities, too. The brand has 17 cafes across multiple states, according to its website, and more than 125 locations in the making.
What to try: The Pistachio Latte ($8.74) is Haraz's top seller. For a more traditional order, go with the Adeni/Karak Chai ($6.13).
Stop by: Haraz is at 1204 Central Ave, next to Kouture Nail Bar.
Open Monday-Thursday 6am-11pm, Friday 6am-1am, Saturday 7am-1am and Sunday 7am-11pm
Go deeper: The 34 best coffee shops for working remotely in Charlotte

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trade tensions aren't stopping Chinese companies from pushing into the U.S.
Trade tensions aren't stopping Chinese companies from pushing into the U.S.

CNBC

timean hour ago

  • CNBC

Trade tensions aren't stopping Chinese companies from pushing into the U.S.

BEIJING — Chinese companies are so intent on global expansion that even the biggest stock offering to date on Shanghai's tech-heavy STAR board counts the U.S. as one of its biggest markets, on par with China. Shenzhen-based camera company Insta360, a rival to GoPro, raised 1.938 billion yuan ($270 million) in a Shanghai listing Wednesday under the name Arashi Vision. Shares soared by 274%, giving the company a market value of 71 billion yuan ($9.88 billion). The United States, Europe and mainland China each accounted for just over 23% of revenue last year, according to Insta360, whose 360-degree cameras officially started Apple Store sales in 2018. The company sells a variety of cameras — priced at several hundred dollars — coupled with video-editing software. Co-founder Max Richter said in an interview Tuesday that he expects U.S. demand to remain strong and dismissed concerns about geopolitical risks. "We are staying ahead just by investing into user-centric research and development, and monitoring market trends that ultimately meet the consumer['s] needs," he told CNBC ahead of the STAR board listing. China launched the Shanghai STAR Market in July 2019 just months after Chinese President Xi Jinping announced plans for the board. The Nasdaq-style tech board was established to support high-growth tech companies while raising requirements for the investor base to limit speculative activity. In 2019, only 12% of companies on the STAR board said at least half of their revenue came from outside China, according to CNBC analysis of data accessed via Wind Information. In 2024, with hundreds more companies listed, that share had climbed to more than 14%, the data showed. "We are just seeing the tip of the iceberg. More and more capable Chinese firms are going global," said King Leung, global head of financial services, fintech and sustainability at InvestHK. Leung pointed to the growing global business of Chinese companies such as battery giant CATL, which listed in Hong Kong last month. "There are a lot of more tier-two and tier-three companies that are equally capable," he said. InvestHK is a Hong Kong government department that promotes investment in the region. It has organized trips to help connect mainland Chinese businesses with overseas opportunities, including one to the Middle East last month. Roborock, a robotic vacuum cleaner company also listed on the STAR board, announced this month it plans to list in Hong Kong. More than half of the company's revenue last year came from overseas markets. At the Consumer Electronics Show in Las Vegas this year, Roborock showed off a vacuum with a robotic arm for automatically removing obstacles while cleaning floors. The device was subsequently launched in the U.S. for $2,600. Other consumer-focused Chinese companies also remain unfazed by heighted tensions between China and the U.S. In November, Chinese home appliance company Hisense said it aimed to become the top seller of television sets in the U.S. in two years. And last month, China-based Bc Babycare announced its official expansion into the U.S. and touted its global supply chain as a way to offset tariff risks. Chinese companies have been pushing overseas in the last several years, partly because growth at home has slowed. Consumer demand has remained lackluster since the Covid-19 pandemic. But the expansion trend is now evolving into a third stage in which the businesses look to build international brands on their own with offices in different regions hiring local employees, said Charlie Chen, managing director and head of Asia research at China Renaissance Securities. He said that's a change from the earliest years when Chinese companies primarily manufactured products for foreign brands to sell, and a subsequent phase in which Chinese companies had joint ventures with foreign companies. Insta360 primarily manufactures out of Shenzhen, but has offices in Berlin, Tokyo and Los Angeles, Richter said. He said the Los Angeles office focuses on services and marketing — the company held its first big offline product launch in New York's Grand Central Terminal in April. Chen also expects the next phase of Chinese companies going global will sell different kinds of products. He pointed out that those that had gone global primarily sold home appliances and electronics, but are now likely to expand significantly into toys. Already, Beijing-based Pop Mart has become a global toy player, with its Labubu figurine series gaining popularity worldwide. Pop Mart's total sales, primarily domestic, were 4.49 billion yuan in 2021. In 2024, overseas sales alone surpassed that to hit 5.1 billion yuan, up 373% from a year ago, while mainland China sales climbed to 7.97 billion yuan. "It established another Pop Mart versus domestic sales in 2021," said Chris Gao, head of China discretionary consumer at CLSA. The Hong Kong-listed retailer doesn't publicly share much about its global store expansion plans or existing locations, but an independent blogger compiled a list of at least 17 U.S. store locations as of mid-May, most of which opened in the last two years. The toy company has been "very good" at developing or acquiring the rights to characters, Gao said. She expects its global growth to continue as Pop Mart plans to open more stores worldwide, and as consumers turn more to such character-driven products during times of stress and macroeconomic uncertainty.

Albaraka Türk Katilim Bankasi And 2 Other Undiscovered Gems In Middle East Stocks
Albaraka Türk Katilim Bankasi And 2 Other Undiscovered Gems In Middle East Stocks

Yahoo

time2 hours ago

  • Yahoo

Albaraka Türk Katilim Bankasi And 2 Other Undiscovered Gems In Middle East Stocks

As Middle East stock markets continue to show resilience, with many Gulf indices rising and Dubai's main index reaching its highest level in over 17 years, investors are increasingly looking for opportunities beyond the well-trodden paths. In such a dynamic environment, identifying stocks that combine strong fundamentals with strategic market positioning can offer potential growth opportunities amidst the region's evolving economic landscape. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi 40.12% 43.54% 38.87% ★★★★★★ Vakif Gayrimenkul Yatirim Ortakligi 0.00% 50.97% 56.63% ★★★★★★ National General Insurance (P.J.S.C.) NA 14.55% 29.05% ★★★★★☆ Amanat Holdings PJSC 11.28% 31.80% 1.00% ★★★★★☆ Keir International 23.18% 49.21% -17.98% ★★★★★☆ Mackolik Internet Hizmetleri Ticaret 0.14% 25.61% 36.34% ★★★★★☆ Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi 0.53% 7.56% 49.01% ★★★★★☆ MIA Teknoloji Anonim Sirketi 17.80% 49.41% 66.89% ★★★★★☆ Rotshtein Realestate 167.30% 23.48% 15.60% ★★★★☆☆ Dogan Burda Dergi Yayincilik Ve Pazarlama 64.82% 46.23% -12.39% ★★★★☆☆ Click here to see the full list of 224 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener. Let's explore several standout options from the results in the screener. Simply Wall St Value Rating: ★★★★★★ Overview: Albaraka Türk Katilim Bankasi A.S. is a Turkish bank offering a range of banking products and services, with a market capitalization of TRY17.48 billion. Operations: Albaraka Türk Katilim Bankasi A.S. generates revenue primarily from its Commercial and Corporate segment, contributing TRY32.66 billion, followed by the Treasury segment at TRY21.81 billion. The Individual banking segment adds TRY7.04 billion to the total revenue stream. Albaraka Türk Katilim Bankasi, with total assets of TRY352.5 billion and equity of TRY20.4 billion, stands out due to its robust earnings growth of 159.8% over the past year, significantly outpacing the industry average of 0.8%. The bank's liabilities are primarily low-risk customer deposits, comprising 65% of its funding sources. It maintains an appropriate level of non-performing loans at 1.4%, backed by a sufficient allowance for bad loans at 163%. With a price-to-earnings ratio at just 1.4x compared to the market's 17.7x, it appears undervalued despite recent challenges in net interest income performance. Get an in-depth perspective on Albaraka Türk Katilim Bankasi's performance by reading our health report here. Explore historical data to track Albaraka Türk Katilim Bankasi's performance over time in our Past section. Simply Wall St Value Rating: ★★★★★★ Overview: Tukas Gida Sanayi ve Ticaret A.S., along with its subsidiaries, operates in the manufacture and sale of food products both in Turkey and internationally, with a market capitalization of TRY11.12 billion. Operations: Tukas derives its revenue primarily from the food processing segment, which generated TRY6.60 billion. The company's financial performance is characterized by its focus on this core segment, contributing significantly to overall sales. Tukas Gida Sanayi ve Ticaret, a nimble player in the food industry, showcases high-quality earnings with a price-to-earnings ratio of 8.1x, significantly lower than Turkey's market average of 17.7x. Despite reporting TRY 2 billion in sales for Q1 2025, down from TRY 2.24 billion the previous year, net income improved to TRY 488 million from a loss of TRY 108 million. The company is debt-free and saw its earnings grow by 5.1%, outpacing the industry growth rate of just 0.05%. However, free cash flow remains negative despite these positive indicators. Take a closer look at Tukas Gida Sanayi ve Ticaret's potential here in our health report. Gain insights into Tukas Gida Sanayi ve Ticaret's historical performance by reviewing our past performance report. Simply Wall St Value Rating: ★★★★☆☆ Overview: Africa Israel Residences Ltd focuses on the development and sale of residential units under the Savyonim brand in Israel, with a market capitalization of ₪2.92 billion. Operations: Africa Israel Residences Ltd generates revenue primarily from the promotion of projects, contributing ₪1.15 billion, and initiation of rental housing at ₪22.29 million. The company experiences a segment adjustment cost of -₪176.86 million impacting overall financials. Africa Israel Residences, a notable player in the real estate sector, has seen its debt to equity ratio improve significantly from 196.9% to 76.6% over five years. Despite high net debt levels at 67.1%, earnings grew by an impressive 34.2%, outpacing the industry average of 30.6%. Recent financials show sales rising to ₪246.58M for Q1 2025 from ₪208.17M last year, with net income increasing to ₪34.85M from ₪22.93M in the same period, reflecting strong operational performance despite large one-off gains impacting results by ₪80.3M recently reported for March-end financials this year. Delve into the full analysis health report here for a deeper understanding of Africa Israel Residences. Gain insights into Africa Israel Residences' past trends and performance with our Past report. Click through to start exploring the rest of the 221 Middle Eastern Undiscovered Gems With Strong Fundamentals now. Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include IBSE:ALBRK IBSE:TUKAS and TASE:AFRE. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Exploring Three Undiscovered Gems in Middle Eastern Markets
Exploring Three Undiscovered Gems in Middle Eastern Markets

Yahoo

time2 hours ago

  • Yahoo

Exploring Three Undiscovered Gems in Middle Eastern Markets

As Middle Eastern markets, particularly in the UAE, experience upward momentum with indices like Dubai's reaching their highest levels since 2008, investors are closely watching global economic developments such as the US-China trade talks for further cues. In this dynamic environment, identifying promising stocks involves looking for companies that can capitalize on regional growth trends and demonstrate resilience amid global uncertainties. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Amir Marketing and Investments in Agriculture 17.44% 5.21% 5.41% ★★★★★★ Formula Systems (1985) 33.74% 8.44% 11.96% ★★★★★★ Payton Industries NA 7.02% 14.80% ★★★★★★ Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi 40.12% 43.54% 38.87% ★★★★★★ Y.D. More Investments 62.65% 28.86% 32.05% ★★★★★☆ C. Mer Industries 109.27% 13.77% 72.47% ★★★★★☆ Keir International 23.18% 49.21% -17.98% ★★★★★☆ Alfa Solar Enerji Sanayi ve Ticaret 38.29% -32.50% -4.61% ★★★★★☆ Waja 23.81% 98.44% 14.54% ★★★★☆☆ Izmir Firça Sanayi ve Ticaret Anonim Sirketi 43.01% 40.80% -34.83% ★★★★☆☆ Click here to see the full list of 223 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener. Let's review some notable picks from our screened stocks. Simply Wall St Value Rating: ★★★★★☆ Overview: Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. is a company engaged in transportation services, with a market capitalization of TRY27.29 billion. Operations: GRSEL generates revenue primarily from its transportation services, with a focus on railroads, contributing TRY8.43 billion. Gür-Sel Turizm Tasimacilik ve Servis Ticaret, a dynamic player in the transportation sector, recently reported first-quarter sales of TRY 2.42 billion, a slight increase from TRY 2.32 billion last year. Despite this growth in sales, net income dipped to TRY 583.8 million from TRY 594.71 million previously. With its earnings growth at -19.3%, matching the industry average, it trades at an attractive valuation—61% below estimated fair value—and boasts robust interest coverage with EBIT covering interest payments by 68 times. The company seems well-positioned financially with more cash than total debt and positive free cash flow prospects ahead. Click to explore a detailed breakdown of our findings in Gür-Sel Turizm Tasimacilik ve Servis Ticaret's health report. Assess Gür-Sel Turizm Tasimacilik ve Servis Ticaret's past performance with our detailed historical performance reports. Simply Wall St Value Rating: ★★★★★★ Overview: Ashot Ashkelon Industries Ltd. is a company that manufactures and sells systems and components for aerospace and defense sectors both in Israel and internationally, with a market cap of ₪1.27 billion. Operations: The company's revenue is primarily derived from its military segment, contributing ₪286.72 million, and its aviation and complex assemblies segment, adding ₪115.23 million. The subsidiary in the USA generates an additional ₪50.44 million in revenue. Ashot Ashkelon Industries, a notable player in the Aerospace & Defense sector, has demonstrated robust financial health with its debt to equity ratio decreasing from 14.1% to 12.8% over five years. Its earnings growth of 45.6% outpaces industry standards, highlighting strong performance. The company reported first-quarter sales of ILS 121 million and net income of ILS 14 million, reflecting solid financial results compared to last year's figures. Despite recent share price volatility, Ashot's interest coverage by EBIT is a reassuring 9x, indicating well-managed debt obligations and promising future prospects in its niche market space. Click here and access our complete health analysis report to understand the dynamics of Ashot Ashkelon Industries. Review our historical performance report to gain insights into Ashot Ashkelon Industries''s past performance. Simply Wall St Value Rating: ★★★★★★ Overview: Delta Israel Brands Ltd. is a company that designs, develops, markets, and sells various clothing products in Israel with a market cap of ₪2.13 billion. Operations: Delta Israel Brands generates revenue primarily through the sale of clothing products in Israel. The company's market cap stands at ₪2.13 billion. Delta Israel Brands, a nimble player in the Specialty Retail sector, showcases a solid financial backbone with no debt compared to five years ago when its debt-to-equity ratio was 12.8%. The company's earnings have consistently grown at 8.7% annually over the past five years, although recent earnings growth of 15.4% lagged behind the industry's impressive 61%. Despite this, Delta maintains high-quality earnings and offers an attractive price-to-earnings ratio of 14.3x, undercutting the industry average of 15x. However, recent first-quarter results showed sales climbing to ILS 315 million from ILS 260 million last year while net income dipped slightly to ILS 29 million from ILS 33 million previously. Navigate through the intricacies of Delta Israel Brands with our comprehensive health report here. Evaluate Delta Israel Brands' historical performance by accessing our past performance report. Unlock more gems! Our Middle Eastern Undiscovered Gems With Strong Fundamentals screener has unearthed 220 more companies for you to here to unveil our expertly curated list of 223 Middle Eastern Undiscovered Gems With Strong Fundamentals. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include IBSE:GRSEL TASE:ASHO and TASE:DLTI. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store