Category: Islamic Economy

Mena hospitality, tourism revving up IT resources

| 07/10/2013 | Reply
Mena hospitality, tourism revving up IT resources

Regional tourism has high growth potential, according to the World Bank, and is especially strong in Gulf countries, with industry growth projected to increase from $ 19.2 billion in 2011 to $ 28.3 billion by 2016,

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UAE: Dubai Islamic Economy Strategy built on 7 pillars

| 07/10/2013 | Reply
UAE: Dubai Islamic Economy Strategy built on 7 pillars

Many of these initiatives have launched already, such as the Dubai Global Sukuk Centre, the Dubai Centre for Islamic Finance, the Global Islamic Economy Summit and Islamic Economy Award.

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UAE: ‘Dubai – World Capital of Islamic Economy’ initiative unveiled

| 06/10/2013 | Reply
UAE: ‘Dubai – World Capital of Islamic Economy’ initiative unveiled

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, today launched the ‘Dubai – Capital of Islamic Economy’ initiative.

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UAE: Dubai to get International Centre for Halal Products by 2014

| 05/10/2013 | Reply
UAE: Dubai to get International Centre for Halal Products by 2014

The Dubai Chamber and Thomson Reuters are also organising the Global Islamic Economy Summit being held on November 25-26, 2013. A team has been assigned to work on Islamic economy studies.

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Malaysia: CIMB Islamic Receives Loan Applications Worth RM100 Million At Halfest 2013

| 05/10/2013 | Reply
Malaysia: CIMB Islamic Receives Loan Applications Worth RM100 Million At Halfest 2013

Applications and leads came from SME entrepreneurs across businesses such as food and beverages, pharmaceuticals and perfumeries.

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Malaysia: F&N to double dairy exports to RM400m in 5 years

| 02/10/2013 | Reply
Malaysia: F&N to double dairy exports to RM400m in 5 years

“Our strategic location within the Selangor Halal Hub will also provide additional thrust to widen our penetration to the global halal markets, which offers exponential growth opportunities with its two billion consumers.”

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UAE: Dubai close to launching Halal certification

| 02/10/2013 | Reply
UAE:  Dubai close to launching Halal certification

Islamic economic experts said a halal certification stemming from Dubai would have a greater effect on global halal trade than existing regulations, which have limited enforceability.

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Shekra gets crowdfunding for Arab SME’s off the ground

| 02/10/2013 | Reply
Shekra gets crowdfunding for Arab SME’s off the ground

INJAZ Al-Arab has signed an MoU with Shekra, a crowd funding solution in Egypt supporting startups education, legalities, funding, mentoring, and monitoring processes, to provide additional funding for MENA start-up companies through crowdfunding.

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UAE: Dubai official says more hotels becoming “alcohol-free”

| 01/10/2013 | 1 Reply
UAE: Dubai official says more hotels becoming “alcohol-free”

Hotels are increasingly choosing to become alcohol-free zones in a bid to tap into the growing, and often lucrative, Islamic market, Dubai Chamber of Commerce and Industry president and CEO Hamad Buamim said.

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The travel genome in the DNA of Muslims

| 01/10/2013 | Reply
The travel genome in the DNA of Muslims

When it comes to travel, Muslims as a community are unique. From a very young age, they develop the lifelong desire to perform Hajj, which is to travel to Makkah in Saudi Arabia and perform a set of acts of worship.

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All set for Global Islamic Economy Summit

| 29/09/2013 | Reply
All set for Global Islamic Economy Summit

The much-anticipated Global Islamic Economy Summit, or GIES 2013, under patronage of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has captured the world’s attention on the possible blueprint of an Islamic economy.

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On Track to an Islamic Economy

| 25/09/2013 | Reply
On Track to an Islamic Economy

The notion that Islamic Finance and the Halal food sector ‘belong together’ in a holistic rather than a circumstantial way, is starting to gain a bit of traction, not just on the conference circuit, but also around the tables where Big Decisions get made.

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10 reasons why travel is a key vertical in the Halal market space – part 1

| 24/09/2013 | Reply
10 reasons why travel is a key vertical in the Halal market space – part 1

There is no doubt that Halal/Muslim Travel market is an important area to be taken into account in any framework for building robust and sustainable economy drivers. This segment is not only a direct driver for economic growth, technological innovation, social enterprise, etc. but also is a strong catalyst for growth of other industries in the destinations.

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Opinion: Promoting the origination of Islamic Assets

| 23/09/2013 | Reply
Opinion: Promoting the origination of Islamic Assets

An exclusive interview with Yavar Moini, head of Islamic Finance at M Capital Group, a merchant banking group, and formerly ran Morgan Stanley’s global Islamic Finance business regarding ‘Dubai the Centre of Islamic Economy’.

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Dubai: ‘Islamic Economy Award’ launch in November

| 21/09/2013 | Reply
Dubai:  ‘Islamic Economy Award’ launch in November

The launch of the “Islamic Economy Award” is part of the upcoming Global Islamic Economy Summit in Dubai in November, under directive of His Highness Sheikh Mohammad Bin Rashid Al Maktoum and Sheikh Hamdan Bin Mohammad Bin Rashid Al Maktoum.

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UAE falafel chain to IPO on Nasdeq Dubai

| 19/09/2013 | Reply
UAE falafel chain to IPO on Nasdeq Dubai

Just Falafel, a United Arab Emirates-based franchise restaurant offering the traditional Arab food, has hired an advisor to help arrange an initial public offer of shares on the Nasdaq Dubai bourse as soon as October.

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UK: London steps up Islamic finance ambitions

| 19/09/2013 | Reply
UK: London steps up Islamic finance ambitions

Britain is encouraging banks through a task force to establish sharia-compliant products, aiming to position London as a Western hub for a fast-growing Islamic finance sector that is expected to reach $2.6 trillion by 2017.

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UAE: European Halal foods firm moves to Dubai

| 19/09/2013 | Reply
UAE: European Halal foods firm moves to Dubai

Dubai FDI, the foreign investment office in the Department of Economic Development (DED), along with the Austria Business Center has facilitated the successful establishment of a European Halal foods company in Dubai.

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Dubai’s historic forays into Islamic Economy

| 16/09/2013 | Reply
Dubai’s historic forays into Islamic Economy

Dubai’s ambition to be the capital of the Islamic Economy is bigger than what most can fathom. The Islamic Economy is more than Islamic finance and halal chicken; it is a multi-billion dollar industry that will have a monumental impact on global trade.

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Dubai: Global Islamic Economy Summit Open for Registration

| 15/09/2013 | 3 Replies
Dubai: Global Islamic Economy Summit Open for Registration

Summit is in line with the launch of ‘Dubai: Capital of Islamic Economy’ by His Highness Sheikh Mohammed Bin Rashid Al Maktoum. It will be held at the Madinat Jumeirah in Dubai on November 25 and 26, 2013.

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