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Category: Middle East & Africa

Opinion: Time right for growth of Islamic finance

| 16/03/2011 | Reply
Opinion: Time right for growth of Islamic finance

The halal food industry has greater brand recognition and penetration than Islamic finance among the 1.6 billion Muslims. But how many Muslims know about Islamic finance and, more important, how many are participants, the bankable 2 to 3 per cent?

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Opinion: Dubai on Empty

| 13/03/2011 | Reply
Opinion: Dubai on Empty

Its skyline erupting from the desert in just two decades, Dubai is a cautionary tale about what money can’t buy: a culture of its own. After gorging on the Viagra of easy credit, the emirate has the world’s tallest building, the world’s most expensive racetrack, and a financial crisis to match. A. A. Gill discovers that no one truly belongs in Dubai, where the legacy of oil has made everything worthless.

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UAE: Al Islami consolidates its strengths at Gulfood 2011

| 12/03/2011 | Reply
UAE: Al Islami consolidates its strengths at Gulfood 2011

Al Islami Foods, the leading halal food producer in the Middle East, consolidated its strengths at this year’s Gulfood show, organized by the Dubai World Trade Centre, which and ran from February 27 to March 2, 2011.

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Switzerland eyes summer vacationers from Saudi Arabia

| 03/03/2011 | Reply
Switzerland eyes summer vacationers from Saudi Arabia

Swiss tourist officials on Tuesday exuded confidence that they would get summer vacationers from Saudi Arabia despite the holy month of Ramadan, which this year coincides with the holiday season. “We are here to inform the local hotels, travel agencies and tour operators that our country is fully prepared to meet all of Ramadan requirements including halal food and shisha.”

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Opinion: Of Faith, Finance, Food and fashion

| 01/03/2011 | Reply
Opinion: Of Faith, Finance, Food and fashion

An interview with Dinar Standard CEO Rafi-uddin Shikoh from Rushdi Siddiqui’s regular ‘Islamic Finance 2.0′ column in Business Times of Malaysia.

“We are defining the ’emerging Muslim markets’ as the inter-connected over US$7 trillion (RM21.35 trillion) OIC member country economies, the over US$1.8 trillion (RM5.49 trillion) global Muslim consumer market, and the over US$1 trillion (RM3.05 trillion) Islamic Finance industry. There is tremendous connectivity and opportunities that exist within these three segments and we feel that collectively they are as large as any other emerging market today.”

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South Africa: Walmart imports will threaten food security – Basson

| 24/02/2011 | 1 Reply
South Africa: Walmart imports will threaten food security – Basson

Whitey Basson, the chief executive of Shoprite, said yesterday that he was “very worried” about food security and the manufacturing capacity for food in the country if more food was imported.

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Food Security: A Generous Heart

| 24/02/2011 | Reply
Food Security: A Generous Heart

The United Nations World Food Programme (WFP) looks at the humanitarian side of the World Food Programme in the Middle East.

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Nigeria: Nigeria-China trades hit $7.5b in 2010

| 21/02/2011 | Reply
Nigeria: Nigeria-China trades hit $7.5b in 2010

“The trade and investment mission will focus on promoting Halal food and products, which has become a lifestyle in China and her culture with a global market value in excess of $2 trillion per annum. This is a big market for Nigeria to participate and take its own market share. They will also be promoting other famous and excellent Chinese (Qinghai) companies, their brands and products.”

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Singapore: Middle East Enjoys a Taste of the South East

| 20/02/2011 | Reply
Singapore: Middle East Enjoys a Taste of the South East

Singapore food manufacturers anticipate growth in exports to Middle East as region’s appetite for Southeast Asian cuisine grows

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Dubai: Investors to meet international franchise brands at Gulfood 2011

| 20/02/2011 | Reply
Dubai: Investors to meet international franchise brands at Gulfood 2011

The Midamar-World Franchise Associates panel will enlighten the audience in practical matters of franchising such as the acquisition of brands, building a successful network, franchise agreements, legal matters, and financial planning. Midamar will discuss the sourcing and supply of Halal food and ingredients, accreditation, legal requirements and supply chain management.

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Mideast tops world in 2010 Aussie lamb sales

| 11/02/2011 | Reply
Mideast tops world in 2010 Aussie lamb sales

The Middle East established itself as Australia’s largest lamb export destination in 2010, surpassing the US, with shipments increasing 2% on the previous year, to a record 36,670 tonnes according to figures released by the Department of Agriculture, Forestry and Fisheries – DAFF in Australia.

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Halal market valued at $1.2 trillion

| 09/02/2011 | 1 Reply
Halal market valued at $1.2 trillion

With halal food currently accounting for approximately one-fifth of world food trade according to Euromonitor International, the provider of global business intelligence and strategic market analysis, food and beverage companies across the globe are recognising the considerable opportunities presented by this industry segment.

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Qatar: Qatar emulates Malaysia on Islamic banking

| 08/02/2011 | Reply
Qatar: Qatar emulates Malaysia on Islamic banking

Qatar, in requiring banks from HSBC Holdings Plc to Doha Bank QSC to close units offering Syariah- compliant services, is emulating Malaysia, the world’s biggest market for Islamic debt.

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IRAN: Tehran hosting Halal products exhibition

| 06/02/2011 | Reply
IRAN: Tehran hosting Halal products exhibition

The second International Halal Fair and Forum has opened in Tehran, with more than 75 domestic and foreign firms showcasing their halal products.

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UAE: Demand for halal products on the rise

| 05/02/2011 | Reply
UAE: Demand for halal products on the rise

More than 80 per cent of the world halal trade is done by non-Muslim countries, both in the West and East, who, by utilising the halal brand to their economic benefit, have become the biggest exporters of halal products in the world.

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Kuwait: Resolutions from the ‘First Gulf Conference on Halal and its Services’

| 03/02/2011 | Reply
Kuwait: Resolutions from the ‘First Gulf Conference on Halal and its Services’

Under the patronage of His Excellency Chancellor Rashed Abdul Mohsen Al-Hammad, Deputy Prime Minister for Legal Affairs, and Minister of Justice, the Minister of Awqaf and Islamic Affairs, the First Gulf Conference on Halal and its Services was held from 20-22 Safar 1432 AH corresponding to 24 to 26 January 2011, in the Holiday Inn Hotel, Salmiya, Kuwait.

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UAE: Speading awareness is crucial to food safety

| 03/02/2011 | Reply
UAE: Speading awareness is crucial to food safety

In reply to a question about halal food in the UAE, Sharif said the country’s strategy since 1986 is based on three main points to verify whether imported food is halal, which include the commitment of the source country, the food export documents and field inspection visits to food plants in other countries.

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Global Food Crisis: A Bowl of Opportunities for Muslim World

| 03/02/2011 | Reply
Global Food Crisis: A Bowl of Opportunities for Muslim World

Dinar Standard founder Rafi’uddin Shikoh will be presenting “Food Security and Opportunities in OIC Markets” at the World Halal Forum on 4-5 April.

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Cooperation between Iran, Malaysia Benefits Muslim World

| 27/01/2011 | Reply
Cooperation between Iran, Malaysia Benefits Muslim World

Iran and Malaysia have expanded their bilateral relations and mutual cooperation in recent years, specially in the field of economy.

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USA: IFANCA to Speak at First Gulf Conference on Halal Industry and its Services in Kuwait

| 27/01/2011 | Reply
USA: IFANCA to Speak at First Gulf Conference on Halal Industry and its Services in Kuwait

Dr. Chaudry said that IFANCA was proud to be part of the historic conference, and wishes the conference goals’ to receive an astounding success. “The First Gulf Conference on Halal Industry and its Services will raise the global food and beverage industry’s awareness of halal to a higher level,” says Dr. Chaudry.

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