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Category: Middle East & Africa

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: 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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UAE: OIC Halal Middle East Exhibition & Congress

| 16/09/2013 | Reply
UAE: OIC Halal Middle East Exhibition & Congress

The inaugural Kitchen Equipment & Technology Middle East Exhibition will be held at Expo Centre Sharjah along with the second OIC Halal Middle East Exhibition & Congress from December 16 to 18, 2013.

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Saudi Arabia: KSA’s first F&B show a gateway to $70bn market

| 16/09/2013 | Reply
Saudi Arabia: KSA’s first F&B show a gateway to $70bn market

Saudi Arabia’s first international F&B trade show will provide a gateway to the $70bn market opportunity, attracting more than 20,000 industry professionals from the MENA region.

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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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Turkey: Islamic finance may reconstruct MidEast

| 12/09/2013 | Reply
Turkey: Islamic finance may reconstruct MidEast

President of the Global University for Islamic Finance (INCEIF) Daud Vicary Abdullah has said, “I don’t think [the crisis] will make too much impact on Islamic finance. Rather it can be seen as an aspect for reconstruction.”

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UK and UAE complement each other on Islamic finance

| 12/09/2013 | Reply
UK and UAE complement each other on Islamic finance

Senior Minister of State at the UK’s Foreign and Commonwealth Office Baroness Warsi welcomed Dubai’s initiative to be the global centre of Islamic economy, saying that the two countries “absolutely” complement each other in this regard.

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Dubai: 3rd Global Halal Trade & Logistics Summit

| 11/09/2013 | Reply
Dubai: 3rd Global Halal Trade & Logistics Summit

Global Trade Development Week is being held on the 21-24 October 2013 at the Shangri-La Hotel, Dubai, UAE. During it the 3rd Global Halal Trade and Logistics Summit will be held on the 22-23 October.

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UAE: Dubai focuses on Islamic finance as part of its economic diversification strategy

| 04/09/2013 | Reply
UAE: Dubai focuses on Islamic finance as part of its economic diversification strategy

Plans to establish Dubai’s credentials as a centre for Islamic finance took a step forward in July with the opening of a new academic institution to train professionals for employment in the sector.

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GCC-Singapore FTA comes into effect

| 02/09/2013 | Reply
GCC-Singapore FTA comes into effect

For the first time, the GCC countries have committed to recognise the Singapore MUIS Halal Standards (SMHS) as similar to and consistent with their domestic Halal Standards.

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UAE: Food colouring substance E120 is halal

| 31/08/2013 | Reply
UAE:  Food colouring substance E120 is halal

Concerns over the use of a type of food colouring in imported juices and sweets believed not to be halal have been clarified by Sharjah Municipality.

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UAE: Emirates Mulls Sukuk for $4.5 Billion in Planes

| 29/08/2013 | Reply
UAE: Emirates Mulls Sukuk for $4.5 Billion in Planes

Emirates, the world’s biggest airline by international passenger traffic, is considering the sale of Islamic bonds as it seeks to raise $4.5 billion in the financial year starting April 2014 to pay for planes.

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UAE: Dubai Islamic Bank becomes first Islamic bank to issue Visa Signature Cards

| 28/08/2013 | Reply
UAE: Dubai Islamic Bank becomes first Islamic bank to issue Visa Signature Cards

Dubai Islamic Bank (DIB) has announced that it will be the first Islamic bank in Central Europe, Middle East & Africa (CE.MEA) to issue all of its priority and premier customers with Visa Signature Debit Cards.

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UAE: Abu Dhabi intensifies efforts to increase locally sourced meat in the market

| 26/08/2013 | Reply
UAE: Abu Dhabi intensifies efforts to increase locally sourced meat in the market

The authority, which is responsible for agriculture and animal welfare, as well as food safety in the emirate, has started an awareness campaign among livestock owners to improve their animals’ health.

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Opinion: TED Talks OIC

| 25/08/2013 | Reply
Opinion: TED Talks OIC

The Muslim world is not in need of ideas, as there are many brilliant Muslims, young, old, men and women all included. What is needed is a neutral platform that sparks ideas into viable plans.

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UAE: Bachelor degree in Islamic banking and finance

| 25/08/2013 | Reply
UAE: Bachelor degree in Islamic banking and finance

With the Islamic finance industry growing rapidly in recent years, a bachelors degree in Islamic banking and finance programme has been inaugurated by Al Khawarizimi International College.

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UAE: OIC Halal Middle East Exhibition and Congress

| 20/08/2013 | Reply
UAE: OIC Halal Middle East Exhibition and Congress

The second OIC Halal Middle East Exhibition and Congress to highlight opportunities for global Islamic finance industry. The value of Shariah-compliant assets has more than doubled in the last six years alone.

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Opinion: Muslims may eat a Halal burger, but remain unable to invest in one

| 18/08/2013 | 1 Reply
Opinion: Muslims may eat a Halal burger, but remain unable to invest in one

In fact, ninety five per cent of the Muslim world does not have access to Islamic finance. And they don’t seem to mind.

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UAE: Amaf to position Dubai as the centre of the Halal market

| 17/08/2013 | Reply
UAE: Amaf to position Dubai as the centre of the Halal market

Awqaf and Minors Affairs Foundation(Amaf) intends to build a business model to position Dubai as a hub for the rapidly growing Islamic Halal market as part of its strategic plan for 2013-2016.

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