Category: Finance & Investment

Thailand’s plan to become a top-five exporter of Halal foods by 2020

| 02/12/2015 | Reply
Thailand’s plan to become a top-five exporter of Halal foods by 2020

The department will also expedite development plans for Halal products of small and medium-sized enterprises.

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Turkey and Brunei Halal Food venture soon

| 29/11/2015 | Reply
Turkey and Brunei Halal Food venture soon

The ambassador added that the Sultanate could be an export hub in the ASEAN region and that trade is key to Brunei’s economic diversification plans.

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Expert says GCC should invest in food production

| 09/11/2015 | Reply
Expert says GCC should invest in food production

It could also serve as a source of food export revenues, which could shave off $20bn worth of food imports from the US.

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Pakistan: Al Shaheer profit up by Rs76m

| 31/10/2015 | Reply
Pakistan: Al Shaheer profit up by Rs76m

Al Shaheer Corporation Limited, which recently held its initial public offering (IPO), boosted its net profit by more than half for the quarter ended September 30, 2015.

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Malaysia-OIC trade to climb 19pc this year

| 29/10/2015 | Reply
Malaysia-OIC trade to climb 19pc this year

Malaysia has successfully signed a bilateral Free Trade Agreement (FTA) with Turkey and Pakistan as a catalyst to boost bilateral trade between the Muslim nations.

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Malaysia: UMP, Mara tie up to set up RM20m halal gelatine project

| 23/10/2015 | Reply
Malaysia: UMP, Mara tie up to set up RM20m halal gelatine project

UMP is cooperating with Majlis Amanah Rakyat (Mara) to set up the country’s first gelatin capsules halal gelatine incubator project estimated to cost RM20 million.

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Brunei to build $90 million halal food manufacturing plant

| 23/10/2015 | Reply
Brunei to build $90 million halal food manufacturing plant

Local food company AZ Food (B) Sdn Bhd, Tunisia-based Catering and International Trading (CIT) and the Brunei Economic Development Board (BEDB) signed a Memorandum of Understanding.

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Saudi Arabia’s expanding poultry sector

| 21/10/2015 | Reply
Saudi Arabia’s expanding poultry sector

Poultry meat remains the most competitive source of animal protein in Saudi Arabia, where total consumption is projected to reach about 1.54 million MT in 2015.

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UAE: Halalbooking to launch $1b IPO

| 19/10/2015 | Reply
UAE: Halalbooking to launch $1b IPO

Halalbooking.com, an online booking platform in the halal tourism sector, said it was targeting growth, with plans to launch a $1 billion (Dh3.67 billion) initial public offering (IPO) in three years.

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Malaysia: Islamic banking players urged to expand overseas

| 16/10/2015 | Reply
Malaysia: Islamic banking players urged to expand overseas

“The domestic Islamic banking industry players should be brave enough to tap into foreign markets to expand their businesses and grow the industry.”

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Pakistan: Post-IPO results: Al Shaheer’s profit up by 168%

| 08/10/2015 | Reply
Pakistan: Post-IPO results: Al Shaheer’s profit up by 168%

One of the largest exporters of meat, Al Shaheer saw its revenues for the year rise 12% to Rs5 billion compared to Rs4.4 billion in FY14.

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Yunus joins Dubai ruler to help shape UAE’s welfare project

| 08/10/2015 | Reply
Yunus joins Dubai ruler to help shape UAE’s welfare project

The UAE is seeking assistance from Nobel Laureate Muhammad Yunus in designing a massive welfare programme it launched on Sunday to combat poverty.

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Study explores untapped Islamic economy potential of the African market

| 07/10/2015 | Reply
Study explores untapped Islamic economy potential of the African market

A Dubai Chamber of Commerce and Industry study to be launched at Africa Global Business Forum reveals large investment opportunities in the untapped sectors.

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Bosnian Processor Builds Plant With Eye on Turkish Market

| 07/10/2015 | Reply
Bosnian Processor Builds Plant With Eye on Turkish Market

In total, along with the planned increase in workforce and exports, the project could be worth up to BAM 30m (€58.6m), the meat processor says.

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Dubai: Nobel Peace laureate blasts global banking system

| 06/10/2015 | Reply
Dubai: Nobel Peace laureate blasts global banking system

Muhammad Yunus said, “A global financial system that served the rich “was one reason why the whole planet remains entirely unsustainable”.

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Kenya: Sh350 million halal abattoir in Nairobi

| 05/10/2015 | Reply
Kenya: Sh350 million halal abattoir in Nairobi

More than 3,000 small scale farmers from Narok, Kajiado, Samburu and Isiolo counties raised the cash and built Halal Slaughterhouse.

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UAE: State of the Global Islamic Economy Report 2015-2016

| 28/09/2015 | Reply
UAE: State of the Global Islamic Economy Report 2015-2016

Four Islamic countries, Malaysia, KSA, UAE and Bahrain, have received top rankings as the healthiest Islamic economy environments worldwide.

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UAE: Need to adopt global standards for Islamic Economy

| 21/09/2015 | Reply
UAE: Need to adopt global standards for Islamic Economy

The adoption of globally accepted standards for different Islamic economy jurisdictions will not only benefit the producers, but will also enhance trade.

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Brunei Darussalam’s halal industry generating investor appetite

| 15/09/2015 | Reply
Brunei Darussalam’s halal industry generating investor appetite

Brunei Darussalam’s halal sector has the potential to become a cornerstone of the Sultanate’s diversification efforts.

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Canada: Halal chain eyes possible NYS expansion

| 15/09/2015 | Reply
Canada: Halal chain eyes possible NYS expansion

Paramount currently has 19 restaurants, called Halal, with immediate plans to open another eight locations.

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