Category: Middle East & Africa

Saudi Arabia pharma: Pfizzing

| 13/10/2011 | Reply
Saudi Arabia pharma: Pfizzing

Pfizer has become the first multinational pharma investor to set up a wholly owned subsidiary. It is all part of the Saudi efforts to expand the healthcare sector. Because of restrictions on foreign-ownership of businesses, foreign investments in Saudi Arabia’s pharma sector have traditionally been limited to joint ventures with domestic firms. Now the development of economic “free zones” is changing that, and Pfizer of the US is one company taking advantage.

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Halal and Islamic finance markets will converge, says Al Islami CEO

| 09/10/2011 | Reply
Halal and Islamic finance markets will converge, says Al Islami CEO

The $1 trillion (AED3.68 trillion) global Islamic finance industry is in the process of developing a road-map to converge on $651 billion (AED2.4 trillion) halal market, says Saleh Abdullah Lootah, Managing Director of Al Islami Foods.

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UAE Eyes on Lucrative Chinese Market amid Euro Debt Crisis

| 08/10/2011 | Reply
UAE Eyes on Lucrative Chinese Market amid Euro Debt Crisis

The large population of China and other Eastern countries as well as the growth in their markets make them a very attractive investment destination not only for the UAE investors but also for Americans and Europeans. As concerns rise over the Euro debt crisis and the global debt crisis mainly in developed countries, investors are becoming more risk averse

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The Growth Potential for Halal cosmetics

| 30/09/2011 | 2 Replies
The Growth Potential for Halal cosmetics

The latest in green cosmetics comes from the ancient Islamic tradition of halal. Although halal products have been around for a few years, a recent report has shown that the market is set to grow.

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Egypt could be the next GCC member state, Gulf sources say

| 29/09/2011 | Reply
Egypt could be the next GCC member state, Gulf sources say

Sources said that the GCC states are enthusiastic about Egypt joining, as the country has the capabilities and shares mutual strategic interests with the Gulf states. Egypt’s security historically has also been linked to the security of the Gulf.

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Turkey: D8 members to discuss joint projects

| 26/09/2011 | Reply
Turkey: D8 members to discuss joint projects

Participants will discuss jointly manufacturing a car, adopting policies on energy and environmental issues, observing food standard — halal food in particular — and joint petrochemical plans. Iran, Turkey, Malaysia, Pakistan, Nigeria, Egypt, Bangladesh and Indonesia are D8 members.

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UAE-China: A complementary relationship

| 25/09/2011 | Reply
UAE-China: A complementary relationship

Exhibitors and government representatives at the five-day China-Arab Trade Forum were keen to offer a range of solutions for Arab governments and businesses sitting on heavy cash chests — not least the opportunity to invest in Ningxia, the western province with a 36 per cent Muslim population, as well as joint trade proposals in areas like halal food and development.

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China turns to its Muslims in Arab trade push

| 24/09/2011 | Reply
China turns to its Muslims in Arab trade push

A Halal food company formed 12 years ago in Beijing to cater to the dining requirements of the city’s Muslim community is now Xiangjuzhai Foods Group, and is one of Beijing’s biggest Halal food suppliers. It has been approached by the Chinese government to play a role in its ambitious plans to build a dominant Halal foods export industry to cater to West Asian markets.

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China makes dent in halal market

| 21/09/2011 | Reply
China makes dent in halal market

With 22 million Muslims, China has just one-eight of India’s Muslim population. But China has managed to play an effective role in the $500 billion export market for halal food by capitalizing on its influence as the world’s biggest buyer of petroleum products.

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China plans free zone for Arabs

| 21/09/2011 | Reply
China plans free zone for Arabs

The China-Arab States Economic and Trade Forum will also look at issues relating to expanding China’s Halal food industry, trading in the yuan and joint financing of major construction projects in the Middle East region including in Egypt, Tunisia and Libya.

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UAE: Inzi and Anwar’s new cut

| 20/09/2011 | Reply
UAE: Inzi and Anwar’s new cut

Pakistan’s batting legends Inzamam-ul-Haq and Saeed Anwar, who once used to butcher bowlers, are now bringing their meat brand “Meat One” to Dubai. Their main aim is to bring this trusted brand to the UAE to ensure supply of best quality fresh ‘halal meat’ to people there. They will be opening two branches in Dubai.

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UAE-China trade grows 9% to $12.5b in 2010

| 19/09/2011 | Reply
UAE-China trade grows 9% to $12.5b in 2010

A UAE delegation will attend the China (Ningxia) International Trade and Investment Fair (CITIF) and the China-Arab States Economic and Trade Forum running from September 21 to 25, 2011, at the capital of the Ningxia Hui Autonomous Region. UAE and China are exploring avenues to enhance the bilateral trade.

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Makkah for the rich: Islam’s holiest site ‘turning into Vegas’

| 18/09/2011 | Reply
Makkah for the rich: Islam’s holiest site ‘turning into Vegas’

To the al-Saud monarchy, Makkah is their vision of the future – a steel and concrete metropolis built on the proceeds of enormous oil wealth that showcases their national pride. Behind closed doors – in places where the religious police cannot listen in – residents of Makkah are beginning to refer to their city as Las Vegas, and the moniker is not a compliment.

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Money politics and political freedom

| 17/09/2011 | Reply
Money politics and political freedom

There are a number of Muslim majority and non-Muslim countries that have declared themselves to be Islamic finance hubs and halal food hubs. Malaysia is ranked 56th out of 178 countries (with a score of 4.4), Turkey also 56th (4.4), UAE 28th (6.3), Bahrain 48th (4.9), Brunei 38th (5.5), the UK 20th (7.6), France 25th (6.8), Luxembourg 11th (8.5), Singapore 1st (9.3), Hong Kong 13th (8.4), and Indonesia 110th (2.8).

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UAE: “Halal market witnessing significant growth worldwide

| 03/09/2011 | Reply
UAE: “Halal market witnessing significant growth worldwide

Al Islami, Chief Executive Deputy, Hamid Badawi, stressed on the importance of creating global standards for the “Halal” industry as a step towards transforming it to a global economic power. He said that “creating legislation to regulate the global “Halal” industry is one of the most prominent factors that enhance the performance of this growing sector worldwide”.

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Al Islami, CNBC Arabia jointly organize Halal Market Forum 2011

| 29/08/2011 | Reply
Al Islami, CNBC Arabia jointly organize Halal Market Forum 2011

The industry experts who were invited to the forum include: Hamid Badawi, Deputy Chief Executive Officer of Al Islami Foods, Alaa Kamal, Head of Sales and Marketing of Midamar Middle East, a US based Halal food producer and Wahid Kandil, General Manager of Prairie Halal Foods Middle East, a Canada based halal food producer.

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How to identify and meet the needs of the Muslim consumer

| 28/08/2011 | Reply
How to identify and meet the needs of the Muslim consumer

Sunsilk has realised that there are specific needs that Muslim women who observe the headscarf have, and speaks directly about their concerns for the condition of their scalp. The have come up with the “1st shampoo for covered hair.”

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Productivity in Ramadan 2011 Survey Results Provide Concrete Recommendations for Employers & Governments

| 25/08/2011 | Reply
Productivity in Ramadan 2011 Survey Results Provide Concrete Recommendations for Employers & Governments

DinarStandard™, a Muslim market research and business media firm, and ProductiveMuslim Ltd, a productivity training and media firm, have joined forces to deliver a ground-breaking study that presents a fact-based assessment of the state of productivity during Ramadan across the world.

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Saudi Arabia: Central bank sees moderate inflation

| 21/08/2011 | Reply
Saudi Arabia: Central bank sees moderate inflation

Saudi Arabia imports the bulk of its food needs. Muhammad al-Jasser, the governor of Sama, the country’s central bank, has repeatedly said that inflationary pressures, caused mainly by an increase in global food prices, are worrying.

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High Food Prices Threaten Poorest: World Bank

| 21/08/2011 | Reply
High Food Prices Threaten Poorest: World Bank

Food prices near record peaks and volatility in commodity markets are driving the lives of the world’s poorest people to the edge of survival, the World Bank warned on Monday. Global food prices in July were 33% higher than a year ago.

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