Category: Finance & Investment

Saudi Arabia just announced plans to build a $500 billion mega-city

| 26/10/2017 | Reply
Saudi Arabia just announced plans to build a $500 billion mega-city

The business and industrial-focused city will span 10,230 square miles. To put that size in perspective, 10,230 square miles is more than 33 times the land area of New York City.

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Dubai Exports and DIEDC Seek New Zealand’s Partnership in Building Halal Hub

| 24/10/2017 | Reply
Dubai Exports and DIEDC Seek New Zealand’s Partnership in Building Halal Hub

With a low population and a food-export-driven economy, New Zealand is viewed as a major market and potential partner in channelling trade through Dubai.

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Saudi Arabia: Blockchain Platform for Islamic Finance

| 20/10/2017 | Reply
Saudi Arabia: Blockchain Platform for Islamic Finance

The Saudi Arabian Islamic Development Bank (IDB) has put its researchers on the task of developing blockchain-based products.

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Qatar investments expand in Turkey following Arab boycott

| 20/10/2017 | Reply
Qatar investments expand in Turkey following Arab boycott

Qatar is believed to be doubling its investments in Turkey in 2018 to amount to $20 billion by injecting new investments worth $19 billion; in addition to the existing $18 billion investments in various fields.

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UAE: Revamped Islamic Economy strategy 2017-2021 on the cards

| 18/10/2017 | Reply
UAE: Revamped Islamic Economy strategy 2017-2021 on the cards

The global Fiqh league, to be established in collaboration with the centre’s strategic partners, will be the first international, legally independent non-profit scientific body of its kind in the world.

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Malaysia to ramp up initiatives and internationalise Halal concept

| 17/10/2017 | Reply
Malaysia to ramp up initiatives and internationalise Halal concept

Zahid said Malaysia can benefit greatly from the halal industry, which has been identified as a new source of economy via the Islamic Economic Transformation Programme.

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Pakistan: Foreign group offers Sustainable Farming on BOT basis in Karachi

| 15/10/2017 | Reply
Pakistan: Foreign group offers Sustainable Farming on BOT basis in Karachi

A conglomerate have submitted a proposal that includes a complete integrated Halal farming system in the province of Sindh with a farm-to-fork concept to cater to domestic and global demand of Halal food.

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Opinion: Ethics in Business – An Islamic Perspective

| 11/10/2017 | Reply
Opinion: Ethics in Business – An Islamic Perspective

Can business ethics truly exist or how does a businessman be ethical in a highly competitive business environment these days?

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From Food to Cosmetics, Japan Firms Eye Malaysia’s Halal Industry-SMBC

| 06/10/2017 | Reply
From Food to Cosmetics, Japan Firms Eye Malaysia’s Halal Industry-SMBC

Japan’s Sumitomo Mitsui Banking Corp (SMBC) is looking to back a push by Japanese firms planning to invest in Malaysia’s Sharia-compliant halal market, an SMBC official said.

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Bahrain: 24th World Islamic Banking Conference – 4-6 December 2017

| 05/10/2017 | Reply
Bahrain: 24th World Islamic Banking Conference – 4-6 December 2017

This year the Halal ecosystem and modest fashion are also topics that will be touched upon under the WIBC Islamic Economy Series.

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Dubai Will Issue First Ever State Cryptocurrency

| 02/10/2017 | Reply
Dubai Will Issue First Ever State Cryptocurrency

The token will be considered legal tender “for various government and non-government services, from their daily coffee and children’s school fee to utility charges and money transfers.”

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Halal sausage maker to quadruple production

| 30/09/2017 | Reply
Halal sausage maker to quadruple production

Turkmenistan halal meat producer Taze Ay plans to increase sausage production by 400% after securing a loan from a London bank investing in small and medium-sized enterprises (SMEs).

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UAE: DAFZA, International Center of Islamic Economy Introduce ‘Transformation Forum’

| 25/09/2017 | Reply
UAE: DAFZA, International Center of Islamic Economy Introduce ‘Transformation Forum’

The event will provide a stimulating environment for the development of Shar’iah-compliant products where supervisory bodies and financial institutions can share ideas and ways to drive transformation towards Islamic Finance.

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Malaysian Firm to offer Halal certification services to Chinese companies

| 21/09/2017 | Reply
Malaysian Firm to offer Halal certification services to Chinese companies

The company would collaborate with the Johor Religious Islamic Department (Maij) and Malaysia Islamic Development Department (Jakim) in this matter.

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UAE: Finocracy adds Ernst & Young heavyweight to accelerate FinTech agenda

| 19/09/2017 | Reply
UAE: Finocracy adds Ernst & Young heavyweight to accelerate FinTech agenda

A group of prominent investors led by Ashar Nazim have acquired a significant stake in Finocracy. Ashar was formerly senior partner and the global head of Islamic banking practice at EY.

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Islamic investment opportunities on the rise between the UAE and the UK

| 11/09/2017 | Reply
Islamic investment opportunities on the rise between the UAE and the UK

This ambitious vision coincides with the aspirations of the UK and the UAE to increase bilateral trade to Dh120 billion by 2020.

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Dubai Food Park to get major Chinese-UAE facility

| 11/09/2017 | 1 Reply
Dubai Food Park to get major Chinese-UAE facility

Dubai Food Park (DFP), the region’s largest specialised food sector zone, will be home to a China-UAE Food Industrial cluster.

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Saudi Arabia: The Hajj and the year-round Umrah generate $12bn in revenues from worshippers

| 06/09/2017 | Reply
Saudi Arabia: The Hajj and the year-round Umrah generate $12bn in revenues from worshippers

Pilgrimage is the backbone of a plan to expand tourism under Crown Prince Mohammed bin Salman’s economic reform programme, to diversify the economy away from oil.

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Pakistan exploring new markets for export of meat, dairy products

| 04/09/2017 | Reply
Pakistan exploring new markets for export of meat, dairy products

Efforts are being made for market access in Russia, China, South Africa, Egypt, Hong Kong and Indonesia besides Middle-East countries for meat and meat products.

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Sheikh Mohammed bin Rashid Al Maktoum Unveils Blueprint for Dubai Food Park

| 23/08/2017 | Reply
Sheikh Mohammed bin Rashid Al Maktoum Unveils Blueprint for Dubai Food Park

The Park will be a one-stop destination for government, administrative and logistical services related to food wholesale, import, export and re-export.

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