Category: Finance & Investment

Malaysia: MTDC to help SMEs boost Halal capabilities

| 08/03/2017 | Reply
Malaysia: MTDC to help SMEs boost Halal capabilities

Malaysian Technology Development Corp (MTDC) is looking to help 30 small and medium enterprises (SMEs) practicing Halal principles to improve their technological capabilities with a Halal fund.

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As Canadian exports diversify, Riz Global Foods finds success in the Middle East

| 02/03/2017 | Reply
As Canadian exports diversify, Riz Global Foods finds success in the Middle East

A study by the Conference Board of Canada found that SMEs owned by recent immigrants to Canada, are more likely to export, and they are also among the fastest-growing SMEs.

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Islamic finance and digital currencies: The halal aspect

| 12/02/2017 | Reply
Islamic finance and digital currencies: The halal aspect

With the growing utilisation of fintech in the Islamic finance sector, the question arises what role digital currencies and blockchain technologies play in Shariah banking.

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Malaysia: CCM to return to the black, halal cert to help

| 07/02/2017 | Reply
Malaysia: CCM to return to the black, halal cert to help

The Chemical Company of Malaysia Bhd (CCM), which recently received certification to produce halal pharmaceutical products, is looking to turn around its fortunes after two years of chalking up losses.

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Dubai’s 2017-2021 Islamic Economy strategy tied to GDP growth

| 01/02/2017 | Reply
Dubai’s 2017-2021 Islamic Economy strategy tied to GDP growth

By Shalini Seth, Media ME DUBAI – The Dubai Islamic Economy Development Centre (DIEDC) on Tuesday announced what it calls a “refreshed” growth strategy for the next five years until 2021, after multiple sessions of stakeholder engagement, with the objective of measuring and expanding its impact on the UAE’s gross domestic product, or GDP. THREE PILLARS, […]

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Pakistan: Fauji Meat officially begins commercial operations

| 17/01/2017 | 1 Reply
Pakistan: Fauji Meat officially begins commercial operations

Pakistan has been endowed with a large livestock population which includes cattle, buffalo, sheep and goat. It has a herd size of more than 60 million animals; one of the largest in the world.

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UAE: DIEDC, Astana International Financial Centre sign MoU

| 16/01/2017 | 1 Reply
UAE: DIEDC, Astana International Financial Centre sign MoU

Furthermore, DIEDC will assist in setting up the Kazakh Halal Accreditation Body in collaboration with its strategic partners. The organisation will join the International Halal Accreditation Forum.

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Yunnan principally agrees to work with Malaysia with trade and Halal products

| 15/01/2017 | Reply
Yunnan principally agrees to work with Malaysia with trade and Halal products

Yunnan has agreed in principle to work with Malaysia on several issues related to increasing trade, including certification for halal products and connectivity.

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Malaysia: Alibaba and the Halal industry: A win-win situation

| 13/01/2017 | Reply
Malaysia: Alibaba and the Halal industry: A win-win situation

The Halal Industry Development Corporation (HDC) is in talks with Chinese e-commerce giant Alibaba Group to form a joint venture to enter the international halal market in a big way.

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Pakistan: Food sector should get zero-rated facility for global share

| 11/01/2017 | Reply
Pakistan: Food sector should get zero-rated facility for global share

“There is no Muslim country in the list of top-10 halal meat exporters, although Pakistan has a big potential of exporting halal meat globally,” said Lahore Chamber of Commerce and Industry representatives.

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Brazilian food giant, Qatar to buy Turkish poultry firm Banvit

| 11/01/2017 | Reply
Brazilian food giant, Qatar to buy Turkish poultry firm Banvit

BRF will take a 60 percent stake in the joint venture, while the Qatar Investment Authority will take 40 percent in a deal that calculates Banvit’s enterprise value at $470 million.

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Brazil: BRF sees $1.5 billion Halal unit IPO by late March – sources

| 05/01/2017 | Reply
Brazil: BRF sees $1.5 billion Halal unit IPO by late March – sources

Brazilian food exporter BRF SA is seeking to raise about $1.5 billion from the sale of a 20 percent stake of a unit logo-1focused on the halal processed food market via an initial public offering.

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Brazil’s BRF launches unit focused on Muslim food markets

| 05/01/2017 | Reply
Brazil’s BRF launches unit focused on Muslim food markets

BRF said the Dubai-based unit has been renamed One Foods Holdings Ltd, from Sadia Halal, with the goal of building market share in the region.

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UAE: DIEDC to update Islamic Economy Strategy

| 27/12/2016 | Reply
UAE: DIEDC to update Islamic Economy Strategy

The participants discussed the outcomes of a workshop held on 8 December outlining the strategic goals and future objectives for Islamic economy and also examined steps forward.

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Japan: NH Foods to make Malaysia export hub for Halal foods

| 21/12/2016 | Reply
Japan: NH Foods to make Malaysia export hub for Halal foods

The group’s unit NHF Manufacturing, a 51:49 joint venture with poultry producer Lay Hong, will build a new factory in Selangor, a state adjacent to the Malaysian capital.

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Egypt: Cartel Capital to help Gulf companies invest in food sector acquisitions

| 20/12/2016 | Reply
Egypt: Cartel Capital to help Gulf companies invest in food sector acquisitions

Two companies from Saudi Arabia and Bahrain have tasked Cartel Capital to nominate a group of companies in the food sector for acquisition.

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UAE eyes Dubai as Islamic economy hub

| 20/12/2016 | Reply
UAE eyes Dubai as Islamic economy hub

The UAE’s Ministry of Finance recently signed a MoU with DIEDC to boost co-ordination on matters related to the strategic plan for ‘Dubai the Capital of Islamic Economy 2017-2021’.

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Turkey: World Halal Summit will look at ways to get rid of foreign currency pressures

| 16/12/2016 | Reply
Turkey: World Halal Summit will look at ways to get rid of foreign currency pressures

60 countries at Istanbul World Halal Summit unite, taking joint position against US dollar, instead using local currencies or gold in trade. Also demand investment in Halal sector.

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A fixture of New York street meat, Halal Guys has gone global

| 15/12/2016 | Reply
A fixture of New York street meat, Halal Guys has gone global

The goal is to open one to two restaurants a month, according to Dan Rowe, CEO of Fransmart, a franchise consultancy firm that is advising the budding chain on its expansion.

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Malaysia: USD132 billion global potential by 2021 in Halal pharmaceuticals

| 08/12/2016 | 2 Replies
Malaysia: USD132 billion global potential by 2021 in Halal pharmaceuticals

Chemical Company of Malaysia (CCM) today shared that the company will continue to play an active role in spurring the Bumiputera Agenda through its current activities and future plans.

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