Category: Finance & Investment

McDonald’s sells Singapore, Malaysian franchise to Saudi group

| 03/12/2016 | Reply
McDonald’s sells Singapore, Malaysian franchise to Saudi group

It had sold the franchise rights for its restaurants in Singapore and Malaysia to Saudi Arabia’s Lionhorn Pte Ltd as part of a plan to move away from direct ownership in Asia.

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Cambodia: Halal order raises stakes for abattoir

| 25/11/2016 | Reply
Cambodia: Halal order raises stakes for abattoir

SLN Meat Supplies, the company behind Cambodia’s first industrial slaughterhouse, is hoping to secure an export contract to supply $50 million worth of halal beef to a Malaysian distributor.

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Canada: Paramount Fine Foods crossing international waters

| 05/11/2016 | Reply
Canada: Paramount Fine Foods crossing international waters

30 locations will open across Pakistan in partnership with Paramount. In March next year, Paramount will also launch three locations in London, England.

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Brunei: MoU signed between Ghanim, Pure Fresh China and Golden Tree

| 26/10/2016 | Reply
Brunei: MoU signed between Ghanim, Pure Fresh China and Golden Tree

Pure Fresh International Holdings Limited is located in the People’s Republic of China, and is the leading O2O (online to offline) fresh product chain platform worldwide.

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Malaysia: HDC calls for Bumiputera entrepreneurs to venture into the booming halal industry

| 23/10/2016 | Reply
Malaysia: HDC calls for Bumiputera entrepreneurs to venture into the booming halal industry

The 2017 Budget will not only empower Bumiputera entrepreneurs but also spur the development of the country’s halal industry.

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Saudi Arabia set to become world’s biggest tech investor

| 19/10/2016 | Reply
Saudi Arabia set to become world’s biggest tech investor

The Kingdom is joining forces with Japan’s Softbank to create a giant $100 billion fund which could become a dominant player in the industry.

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GIES: UAE to set up the world’s first Sharia-compliant trade bank

| 13/10/2016 | 1 Reply
GIES: UAE to set up the world’s first Sharia-compliant trade bank

DIEDC are in discussions with the Central Bank of the UAE to obtain approval for a wholesale Islamic banking licence for the new entity.

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GIES: Capitalise on Muslim population growth

| 13/10/2016 | Reply
GIES:  Capitalise on Muslim population growth

GIES with key messages – focus on innovation and technology and capitalise on the rapid Muslim population growth.

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GIES: Stakeholders in Islamic economy need to focus on start-ups

| 13/10/2016 | Reply
GIES: Stakeholders in Islamic economy need to focus on start-ups

There’s huge market potential in e-commerce, where only 1 per cent of commerce in Muslim countries is done online for the time being.

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GIES: Global Islamic Economy Summit 2016 witnesses launch of Awqaf International Organization

| 13/10/2016 | Reply
GIES: Global Islamic Economy Summit 2016 witnesses launch of Awqaf International Organization

The pioneering initiative is mandated to enhance the role of endowments in the development of societies worldwide.

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Innovation 4 Impact Competition: 5 finalists pitched innovations for Islamic digital economy

| 12/10/2016 | Reply
Innovation 4 Impact Competition: 5 finalists pitched innovations for Islamic digital economy

Innovation 4 Impact is designed to support Islamic digital entrepreneurs from around the world obtain mentorship, advice, investment and scale their business ventures.

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GIES: The Halal Food Market Is the Islamic Economy’s Largest Sector

| 06/10/2016 | Reply
GIES: The Halal Food Market Is the Islamic Economy’s Largest Sector

The State of the Islamic Economy report revisits the Halal Food Indicator (HFI) to evaluate a country’s halal food ecosystem.

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UAE: ‘Too many authorities, and not enough Sharia scholars’

| 06/10/2016 | Reply
UAE: ‘Too many authorities, and not enough Sharia scholars’

Some economists have forecast that the slowdown in economic activity will lead to a new round of debt-inspired refinancings at big Dubai corporates.

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UAE leads GCC’s Islamic economy indicator

| 04/10/2016 | Reply
UAE leads GCC’s Islamic economy indicator

The convergence between the Islamic economic sectors is strongly expected to enhance the Islamic economy space going forward.

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Delegation from Dubai to seek business in São Paulo

| 06/09/2016 | Reply
Delegation from Dubai to seek business in São Paulo

A delegation from the Dubai Exports agency and business owners from the United Arab Emirates will be in São Paulo on September 19 and 20 to meet with local executives.

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Kuwait’s Mezzan gets Saudi foothold with Al Safi deal

| 06/09/2016 | Reply
Kuwait’s Mezzan gets Saudi foothold with Al Safi deal

One of the largest food, beverage, and pharma manufacturing and distribution companies in the Gulf, has completed the acquisition of 70 percent of Al Safi Food Company.

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UK: High Wycombe Asda welcomes halal butcher counter

| 20/07/2016 | Reply
UK: High Wycombe Asda welcomes halal butcher counter

A halal butcher’s is to be installed into an Asda branch in High Wycombe as part of a £1.7 million investment.

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Brazil: BRF spin-off creates halal unit

| 01/07/2016 | Reply
Brazil: BRF spin-off creates halal unit

Brazilian meat processor BRF has announced plans to set up a subsidiary tasked with strengthening the meat giant’s supply of meat to Muslim consumers.

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Alghanim plans to bring US fast food giant to Saudi Arabia

| 23/06/2016 | Reply
Alghanim plans to bring US fast food giant to Saudi Arabia

US-based Wendy’s is reportedly the world’s third largest hamburger fast food chain with 6,482 locations.

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Malaysia and IDB to strengthen collaboration

| 23/06/2016 | Reply
Malaysia and IDB to strengthen collaboration

Malaysia and IDB could explore the development of joint-capacity development of a halal ecosystem in IDB member countries.

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