Category: Finance & Investment

Kazakhstan launches major halal meat processing plant

| 16/12/2015 | Reply
Kazakhstan launches major halal meat processing plant

The project will result in an increase in the number of livestock and will expand the export potential of the region.

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Burger King France’s owner to boost number of Halal-only restaurants

| 15/12/2015 | Reply
Burger King France’s owner to boost number of Halal-only restaurants

The move, if confirmed, will see the opening of about 40 restaurants serving only burgers with meat from cattle slaughtered in accordance with Islamic law.

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Saudi Arabia: Almarai eyes $1.5bn stake in UAE food company

| 15/12/2015 | Reply
Saudi Arabia: Almarai eyes $1.5bn stake in UAE food company

Almarai, is among several companies to have shown an initial interest in NFPC, one of the largest food and dairy manufacturers and distributors in the UAE.

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UAE: Shariah standard for Gold can fit well in global Islamic economy

| 04/12/2015 | Reply
UAE: Shariah standard for Gold can fit well in global Islamic economy

“The development of a Shariah Standard on Gold is part of a broader process of harmonisation within the industry,” Dr. Mohammad Daud Bakar.

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Halal Celebrations: Bringing together friends and family

| 03/12/2015 | Reply
Halal Celebrations: Bringing together friends and family

Meet the young entrepreneur hoping to keep festive celebrations ongoing all year round with his business selling greeting cards and crackers.

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Thailand’s plan to become a top-five exporter of Halal foods by 2020

| 02/12/2015 | Reply
Thailand’s plan to become a top-five exporter of Halal foods by 2020

The department will also expedite development plans for Halal products of small and medium-sized enterprises.

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Turkey and Brunei Halal Food venture soon

| 29/11/2015 | Reply
Turkey and Brunei Halal Food venture soon

The ambassador added that the Sultanate could be an export hub in the ASEAN region and that trade is key to Brunei’s economic diversification plans.

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Expert says GCC should invest in food production

| 09/11/2015 | Reply
Expert says GCC should invest in food production

It could also serve as a source of food export revenues, which could shave off $20bn worth of food imports from the US.

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Pakistan: Al Shaheer profit up by Rs76m

| 31/10/2015 | Reply
Pakistan: Al Shaheer profit up by Rs76m

Al Shaheer Corporation Limited, which recently held its initial public offering (IPO), boosted its net profit by more than half for the quarter ended September 30, 2015.

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Malaysia-OIC trade to climb 19pc this year

| 29/10/2015 | Reply
Malaysia-OIC trade to climb 19pc this year

Malaysia has successfully signed a bilateral Free Trade Agreement (FTA) with Turkey and Pakistan as a catalyst to boost bilateral trade between the Muslim nations.

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Malaysia: UMP, Mara tie up to set up RM20m halal gelatine project

| 23/10/2015 | Reply
Malaysia: UMP, Mara tie up to set up RM20m halal gelatine project

UMP is cooperating with Majlis Amanah Rakyat (Mara) to set up the country’s first gelatin capsules halal gelatine incubator project estimated to cost RM20 million.

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Brunei to build $90 million halal food manufacturing plant

| 23/10/2015 | Reply
Brunei to build $90 million halal food manufacturing plant

Local food company AZ Food (B) Sdn Bhd, Tunisia-based Catering and International Trading (CIT) and the Brunei Economic Development Board (BEDB) signed a Memorandum of Understanding.

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Saudi Arabia’s expanding poultry sector

| 21/10/2015 | Reply
Saudi Arabia’s expanding poultry sector

Poultry meat remains the most competitive source of animal protein in Saudi Arabia, where total consumption is projected to reach about 1.54 million MT in 2015.

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UAE: Halalbooking to launch $1b IPO

| 19/10/2015 | Reply
UAE: Halalbooking to launch $1b IPO

Halalbooking.com, an online booking platform in the halal tourism sector, said it was targeting growth, with plans to launch a $1 billion (Dh3.67 billion) initial public offering (IPO) in three years.

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Malaysia: Islamic banking players urged to expand overseas

| 16/10/2015 | Reply
Malaysia: Islamic banking players urged to expand overseas

“The domestic Islamic banking industry players should be brave enough to tap into foreign markets to expand their businesses and grow the industry.”

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Pakistan: Post-IPO results: Al Shaheer’s profit up by 168%

| 08/10/2015 | Reply
Pakistan: Post-IPO results: Al Shaheer’s profit up by 168%

One of the largest exporters of meat, Al Shaheer saw its revenues for the year rise 12% to Rs5 billion compared to Rs4.4 billion in FY14.

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Yunus joins Dubai ruler to help shape UAE’s welfare project

| 08/10/2015 | Reply
Yunus joins Dubai ruler to help shape UAE’s welfare project

The UAE is seeking assistance from Nobel Laureate Muhammad Yunus in designing a massive welfare programme it launched on Sunday to combat poverty.

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Study explores untapped Islamic economy potential of the African market

| 07/10/2015 | Reply
Study explores untapped Islamic economy potential of the African market

A Dubai Chamber of Commerce and Industry study to be launched at Africa Global Business Forum reveals large investment opportunities in the untapped sectors.

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Bosnian Processor Builds Plant With Eye on Turkish Market

| 07/10/2015 | Reply
Bosnian Processor Builds Plant With Eye on Turkish Market

In total, along with the planned increase in workforce and exports, the project could be worth up to BAM 30m (€58.6m), the meat processor says.

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Dubai: Nobel Peace laureate blasts global banking system

| 06/10/2015 | Reply
Dubai: Nobel Peace laureate blasts global banking system

Muhammad Yunus said, “A global financial system that served the rich “was one reason why the whole planet remains entirely unsustainable”.

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