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Category: Middle East & Africa

Saudi Arabia’s Foodie Scene Growing

| 30/03/2012 | Reply
Saudi Arabia’s Foodie Scene Growing

Despite the rise of fast-food joints, gourmet chefs aim to create a gourmet food culture. What will transform the country into a major international food scene are more culinary schools for developing chefs.

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Morocco: Halal Exhibition to be held in Meknes

| 27/03/2012 | Reply
Morocco: Halal Exhibition to be held in Meknes

For the first time, Morocco will hold an international Halal food exhibition entirely dedicated to the export market. It will be held in the historic city Meknès, in Morocco, 13-15 of September 2012. Moroccan authorities, as well as concerned institutions, will be also be attending a parallel conference to discuss and debate on the current government directives, and also to share their different experiences regarding Halal issues with all the foreign participants.

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Opinion: Is it investment? Or a land grab?

| 26/03/2012 | Reply
Opinion: Is it investment? Or a land grab?

Priming it is a rush by China, India, South Korea and Gulf petro-economies to snap up land abroad to secure their food supplies. But who is buying land where – and what they are doing with it – may never be fully answered, for many transactions are never publicly announced.

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Qatar Halal Festival

| 22/03/2012 | Reply
Qatar Halal Festival

The first Qatar Halal Festival will take place this week, kicking off on Thursday March 22nd. Organised by Katara, the cultural village, the week-and-a-half long event will delve into an important part of the nation’s heritage and give an insight to the Halal animal trade.

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Opinion: The problems facing Muslim nations

| 18/03/2012 | Reply
Opinion: The problems facing Muslim nations

Most Islamic countries are being left behind in social progress as compared with other nations. There are essentially five reasons for this situation.

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UAE: Sharjah Expo Centre ties up with OIC trade wing to promote Halal fair

| 12/03/2012 | Reply
UAE: Sharjah Expo Centre ties up with OIC trade wing to promote Halal fair

Aiming to effectively tap into the nearly US$ 3 trillion global Halal food market, Expo Centre Sharjah (ECS) has tied up with the Morocco-based Islamic Centre for Development of Trade (ICDT) to launch the inaugural edition of Halal Food Middle East.

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Saudi Arabia: Cafes promote a new culture of dialogue

| 09/03/2012 | Reply
Saudi Arabia: Cafes promote a new culture of dialogue

The growing number of coffee shops in Riyadh gives a different dimension to the city because as they are no longer simply a place for relaxation and comfort but offer facilities to discuss sports, culture, science, technical issues and finance. They sometimes solve some dilemmas of society.

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GCC investing in food security in Pakistan, India and others

| 08/03/2012 | Reply
GCC investing in food security in Pakistan, India and others

Gulf Cooperation Council (GCC) governments are investing heavily in outside farmland acquisitions and leases, along with injecting money in domestic food production industry, to secure food supplies to the region and safeguard against market fluctuations.

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UAE: Gulfood 2012 sees record participation

| 07/03/2012 | Reply
UAE: Gulfood 2012 sees record participation

Gulfood 2012, the leading annual trade show for the food and beverage industry, which took place recently in Dubai, saw a record participation of 3,800 exhibitors from 88 countries and 110 international pavilions and attracted 68,681 trade visitors.

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Saudi Arabia: Saudi delegation seeks food products from Pakistan

| 06/03/2012 | Reply
Saudi Arabia: Saudi delegation seeks food products from Pakistan

The Saudi delegation’s plan is also to visit the meat exporting companies’ facilities in different Pakistani cities with an aim to award licenses to them and above all to sign a memorandum of understanding (MoU) with the state-owned Trade Development Authority of Pakistan (TDAP). The plan is to boost exports of a range of food commodities from Pakistan to Saudi Arabia, mainly meat, poultry and fish products.

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Islamic finance: An industry inclusive to all, irrespective of background

| 06/03/2012 | Reply
Islamic finance: An industry inclusive to all, irrespective of background

Dr Mohammad Daud Bakr, president and CEO of Amanie Advisors, has the distinction of being both a globally-renowned Sharia scholar as well as an acclaimed entrepreneur. Dr Daud provides insights into Arab Spring countries’ potential for Islamic finance, scholars sitting on multiple Sharia boards and some of the challenges faced by the $1 trillion (Dh3.67 trillion) industry.

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UAE: Digital presence a must for Middle East brands

| 05/03/2012 | Reply
UAE: Digital presence a must for Middle East brands

The TNS Digital Life study, which surveyed 60,000 respondents globally, found that 20 per cent of actual in-store sales are influenced by pre-purchase digital touch points, suggesting that brands must be the driver of information before user-generated material takes hold.

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UK/UAE: “Rock star” Islamic scholars a risk for Islamic finance

| 29/02/2012 | Reply
UK/UAE: “Rock star” Islamic scholars a risk for Islamic finance

There are over 400 sharia scholars worldwide but only around 15 to 20 prominent and experienced ones, which creates demand for scholars to sit on multiple boards. The top 20 scholars hold 14 to 85 positions each, occupying a total of around 620 board positions or 55 percent of the industry.

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USA: Muslim Consumer Group Presentation at Riyadh’s Halal conference

| 27/02/2012 | Reply
USA: Muslim Consumer Group Presentation at Riyadh’s Halal conference

Syed Rasheeduddin Ahmed, founder & President of Muslim Consumer Group For Food Products USA/Canada presented a paper on Processing Aid or Hidden Ingredients in Food Products & ingredients and their Halal status from US food industry point of view at First International Conference on Halal Food Control at Riyadh, Saudi Arabia.

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UAE: Shariah-compliance boosts business value by 25%

| 25/02/2012 | Reply
UAE: Shariah-compliance boosts business value by 25%

Converting a conventional business to a Shariah-compliant entity can increase the value of a company by 18-25 per cent due to the scarcity of genuine Islamic investments, but the process involves various risks, said Swiss banking group, Bank Sarasin.

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UK: HMC Delegation returns with assurances from CEO of SFDA

| 23/02/2012 | Reply
UK: HMC Delegation returns with assurances from CEO of SFDA

Presenting his report to the HMC National Executive Committee, Shaykh Yunus said; “This was a
very important conference for the Muslim community around the world and we congratulate the Saudi Drug and Food Authority for an outstanding conference and wonderful hospitality.”

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Malaysia: Huge Opportunities For Malaysian Businesses In Arab Countries

| 23/02/2012 | Reply
Malaysia: Huge Opportunities For Malaysian Businesses In Arab Countries

The Council of Arab Economic Unity is in Malaysia for the first time to enhance economic ties as well as for the Malaysia Global Business Forum-Strategic Partners-Malaysia and The Arab World held at the Malaysian External Trade Development Corporation (MATRADE) on Tuesday. The Secretary General said that Muslim and Arab countries should work very hard towards enhancing the halal standard and promoting halal products.

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Italy: UAE, Italy promoting halal food certification

| 22/02/2012 | Reply
Italy: UAE, Italy promoting halal food certification

“The ministry is working on an ambitious project of halal certification, an instrument that allows a marriage of Italian excellence and the guarantee of production respecting Islamic rules, which brings significant potential for opening towards markets connected to precise religious principles,” the director of the department of trade internationalisation at the ministry, Patrizia Giarratana, said.

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USA: McDonald’s to open 100 new outlets in Middle East

| 22/02/2012 | Reply
USA: McDonald’s to open 100 new outlets in Middle East

At the largest food trade fair in the Middle East, Gulfood, it was revealed that McDonald’s is expected to open 100 new outlets this year with a particular focus on the United Arab Emirates and Saudi Arabia. Currently, the Golden Arches has 833 restaurants in 17 markets in the Middle East and Africa – a growth rate of between 10 to 15 per cent every year.

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Saudi Arabia: Private Equity firms buy key stake in Saudi food group

| 22/02/2012 | Reply
Saudi Arabia: Private Equity firms buy key stake in Saudi food group

Levant Capital, an investment firm focused on regional private equity investments and Citi Venture Capital International (CVCI) said they have jointly acquired a controlling stake in Saudi-based Al-Raya For Foodstuff Company for $100 million. The transaction presents an opportunity for Levant Capital and CVCI to capitalize on the growth in consumer-driven demand and the increasingly attractive middle income segment of the Gulf region’s largest economy.

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