Category: Finance & Investment

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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Dafza issues guide on Dubai halal industry

| 22/08/2017 | Reply
Dafza issues guide on Dubai halal industry

Highlighting Halal products in different industries, with numerous financial investment possibilities for international financiers to contribute to improving the Islamic economic climate.

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Nigeria out of $2.3tr market for lack of Halal certification agency

| 21/08/2017 | 1 Reply
Nigeria out of $2.3tr market for lack of Halal certification agency

Halal Research Council are partnering with Jaiz Foundation on Halal Certification to establish the first Halal certification agency in Nigeria.

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USA: Whole Foods stock rockets 28% on $13.7 billion Amazon takeover deal

| 16/06/2017 | Reply
USA: Whole Foods stock rockets 28% on $13.7 billion Amazon takeover deal

Mackey will remain CEO of the grocery store chain after the deal closes, and the store will continue to operate under the Whole Foods brand.

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Indonesia told to develop Halal industry

| 15/06/2017 | Reply
Indonesia told to develop Halal industry

“We need to think about a roadmap to develop a halal industry [in Indonesia] that is consistent with the existing National Industry Development Masterplan (RIPIN),” said CORE researcher.

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Japan: NH Foods JV makes progress on Malaysia halal hub

| 08/06/2017 | Reply
Japan: NH Foods JV makes progress on Malaysia halal hub

Japan’s biggest food manufacturer has chosen Malaysia to be its hub for halal exports, in partnership with a Malaysian chicken major.

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Malaysian incubator signs deal to boost China’s halal exports

| 07/06/2017 | Reply
Malaysian incubator signs deal to boost China’s halal exports

A Malaysian technology and energy incubator has agreed to collaborate with companies in Hong Kong and China to produce and market halal-certified foods internationally.

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Malaysia: AsiaBio eyes halal product export venture with Chinese firms

| 05/06/2017 | Reply
Malaysia: AsiaBio eyes halal product export venture with Chinese firms

AsiaBio plans to explore opportunities with three Chinese companies to form a partnership to produce and export Halal-certified food products to the global marketplace.

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Dubai makes big strides in key Islamic economy sectors

| 31/05/2017 | Reply
Dubai makes big strides in key Islamic economy sectors

Remarkable progress has been achieved in three strategic sectors of Islamic economy – Islamic finance, halal trade and industry, and Islamic lifestyle in the emirate.

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Spain: The Cordoba Halal Cluster already has a corporate image

| 31/05/2017 | Reply
Spain: The Cordoba Halal Cluster already has a corporate image

The final objective is to create a business park for the the production of certified Halal products that a thousand companies Have already shown an interest in.

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Philippines: P150-M budget for DOST Halal program in Davao Region

| 30/05/2017 | Reply
Philippines: P150-M budget for DOST Halal program in Davao Region

Components under this program include research and development, testing, human resource development, and technology transfer.

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