Category: Finance & Investment

UAE: DIEDC to update Islamic Economy Strategy

| 27/12/2016 | Reply
UAE: DIEDC to update Islamic Economy Strategy

The participants discussed the outcomes of a workshop held on 8 December outlining the strategic goals and future objectives for Islamic economy and also examined steps forward.

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Japan: NH Foods to make Malaysia export hub for Halal foods

| 21/12/2016 | Reply
Japan: NH Foods to make Malaysia export hub for Halal foods

The group’s unit NHF Manufacturing, a 51:49 joint venture with poultry producer Lay Hong, will build a new factory in Selangor, a state adjacent to the Malaysian capital.

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Egypt: Cartel Capital to help Gulf companies invest in food sector acquisitions

| 20/12/2016 | Reply
Egypt: Cartel Capital to help Gulf companies invest in food sector acquisitions

Two companies from Saudi Arabia and Bahrain have tasked Cartel Capital to nominate a group of companies in the food sector for acquisition.

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UAE eyes Dubai as Islamic economy hub

| 20/12/2016 | Reply
UAE eyes Dubai as Islamic economy hub

The UAE’s Ministry of Finance recently signed a MoU with DIEDC to boost co-ordination on matters related to the strategic plan for ‘Dubai the Capital of Islamic Economy 2017-2021’.

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Turkey: World Halal Summit will look at ways to get rid of foreign currency pressures

| 16/12/2016 | Reply
Turkey: World Halal Summit will look at ways to get rid of foreign currency pressures

60 countries at Istanbul World Halal Summit unite, taking joint position against US dollar, instead using local currencies or gold in trade. Also demand investment in Halal sector.

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A fixture of New York street meat, Halal Guys has gone global

| 15/12/2016 | Reply
A fixture of New York street meat, Halal Guys has gone global

The goal is to open one to two restaurants a month, according to Dan Rowe, CEO of Fransmart, a franchise consultancy firm that is advising the budding chain on its expansion.

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Malaysia: USD132 billion global potential by 2021 in Halal pharmaceuticals

| 08/12/2016 | 2 Replies
Malaysia: USD132 billion global potential by 2021 in Halal pharmaceuticals

Chemical Company of Malaysia (CCM) today shared that the company will continue to play an active role in spurring the Bumiputera Agenda through its current activities and future plans.

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McDonald’s sells Singapore, Malaysian franchise to Saudi group

| 03/12/2016 | Reply
McDonald’s sells Singapore, Malaysian franchise to Saudi group

It had sold the franchise rights for its restaurants in Singapore and Malaysia to Saudi Arabia’s Lionhorn Pte Ltd as part of a plan to move away from direct ownership in Asia.

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Cambodia: Halal order raises stakes for abattoir

| 25/11/2016 | Reply
Cambodia: Halal order raises stakes for abattoir

SLN Meat Supplies, the company behind Cambodia’s first industrial slaughterhouse, is hoping to secure an export contract to supply $50 million worth of halal beef to a Malaysian distributor.

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Canada: Paramount Fine Foods crossing international waters

| 05/11/2016 | Reply
Canada: Paramount Fine Foods crossing international waters

30 locations will open across Pakistan in partnership with Paramount. In March next year, Paramount will also launch three locations in London, England.

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Brunei: MoU signed between Ghanim, Pure Fresh China and Golden Tree

| 26/10/2016 | Reply
Brunei: MoU signed between Ghanim, Pure Fresh China and Golden Tree

Pure Fresh International Holdings Limited is located in the People’s Republic of China, and is the leading O2O (online to offline) fresh product chain platform worldwide.

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Malaysia: HDC calls for Bumiputera entrepreneurs to venture into the booming halal industry

| 23/10/2016 | Reply
Malaysia: HDC calls for Bumiputera entrepreneurs to venture into the booming halal industry

The 2017 Budget will not only empower Bumiputera entrepreneurs but also spur the development of the country’s halal industry.

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Saudi Arabia set to become world’s biggest tech investor

| 19/10/2016 | Reply
Saudi Arabia set to become world’s biggest tech investor

The Kingdom is joining forces with Japan’s Softbank to create a giant $100 billion fund which could become a dominant player in the industry.

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GIES: UAE to set up the world’s first Sharia-compliant trade bank

| 13/10/2016 | 1 Reply
GIES: UAE to set up the world’s first Sharia-compliant trade bank

DIEDC are in discussions with the Central Bank of the UAE to obtain approval for a wholesale Islamic banking licence for the new entity.

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GIES: Capitalise on Muslim population growth

| 13/10/2016 | Reply
GIES:  Capitalise on Muslim population growth

GIES with key messages – focus on innovation and technology and capitalise on the rapid Muslim population growth.

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GIES: Stakeholders in Islamic economy need to focus on start-ups

| 13/10/2016 | Reply
GIES: Stakeholders in Islamic economy need to focus on start-ups

There’s huge market potential in e-commerce, where only 1 per cent of commerce in Muslim countries is done online for the time being.

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GIES: Global Islamic Economy Summit 2016 witnesses launch of Awqaf International Organization

| 13/10/2016 | Reply
GIES: Global Islamic Economy Summit 2016 witnesses launch of Awqaf International Organization

The pioneering initiative is mandated to enhance the role of endowments in the development of societies worldwide.

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Innovation 4 Impact Competition: 5 finalists pitched innovations for Islamic digital economy

| 12/10/2016 | Reply
Innovation 4 Impact Competition: 5 finalists pitched innovations for Islamic digital economy

Innovation 4 Impact is designed to support Islamic digital entrepreneurs from around the world obtain mentorship, advice, investment and scale their business ventures.

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GIES: The Halal Food Market Is the Islamic Economy’s Largest Sector

| 06/10/2016 | Reply
GIES: The Halal Food Market Is the Islamic Economy’s Largest Sector

The State of the Islamic Economy report revisits the Halal Food Indicator (HFI) to evaluate a country’s halal food ecosystem.

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UAE: ‘Too many authorities, and not enough Sharia scholars’

| 06/10/2016 | Reply
UAE: ‘Too many authorities, and not enough Sharia scholars’

Some economists have forecast that the slowdown in economic activity will lead to a new round of debt-inspired refinancings at big Dubai corporates.

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