Search Results for: saudi arabia
10 results out of 475 results found for 'saudi arabia'.
INVASION OF UKRAINE WILL INCREASE RAMADAN AND EID AL FITR TRAVEL COSTS SAY EXPERTS
After two years of strict travel restrictions, international borders are finally opening for quarantine-free travel, coinciding with the month of Ramadan. But to what extent will the escalation of oil prices and disruption of air travel caused by Russia’s invasion of Ukraine affect Muslim travellers’ plans?…
ISLAMIC FINANCE HIGHER EDUCATION EXPANDS WORLDWIDE
With the Islamic finance sector growing fast – with global turnover valued at USD2.2 trillion, according to S&P Global Ratings’ Islamic Finance Outlook 2022 Edition, with a projected 12% growth between 2021 and 2022 – demand for higher education courses on the topic are growing fast.…
GOVERNMENT MEGA-PROJECTS KICK-START GROWTH IN MIDDLE EAST AND NORTH AFRICA PAINT MARKETS
The Middle East and North Africa (MENA) paint market has had a difficult past two years, but the sector is gradually rebounding, driven especially by major development projects and growth in Saudi Arabia and Egypt.
“It has been tough period. Covid-19 had a significant impact on the MENA.…
PROFILE OF PAKISTAN CLOTHING AND TEXTILE INDUSTRY
Pakistan textile and clothing industry has witnessed many advances and retreats during the last 10 years. With the country operating a less draconian set of lockdowns than neighbouring countries in south Asia, it has leveraged recent investment by increasing clothing and textile exports.…
HALAL SECTOR EXPLORES TECHNICAL SOLUTIONS TO DEMONSTRATE COMPLIANCE WITH STANDARDS
The Covid-19 pandemic and latterly the Russian invasion of Ukraine has sparked an increase in cybercrime and fraud, and the halal sector – reliant on compliance with detailed production and sales standards – is a soft target for commercial criminals.
This fact is compounded by the proliferation of halal certificates as the sector expands worldwide.…
WILL MALDIVES DEVELOP OFFSHORE ISLAMIC FINANCE SECTOR FROM GROWTH IN LOCAL SERVICES?
The Indian Ocean archipelago Maldives is developing an Islamic finance sector, although it may need to strengthen legislation and local turnover to attract enough international players to develop an offshore hub. The government established in 2016 the state-owned Maldives Centre for Islamic Finance Ltd (MCIF) charged with developing the country’s capacity to be a “hub for Islamic finance”, primarily in south Asia.…
MUSLIM COUNTRIES MAINTAIN AWKWARD NEUTRALITY OVER RUSSIAN INVASION OF UKRAINE
Many Muslim countries, their governments and businesses, have adopted an uneasy neutrality towards Russia, as it continues its invasion of Ukraine.
Malaysia is a case in point – its close relations with European, north American and Asian countries (such as Japan and South Korea) means it will not want to breach their sanctions on Russia.…
NEW ZEALAND’S BUTTER EXPORT SECTOR EMERGES FIGHTING FIT FROM COVID-19 PANDEMIC
NEW Zealand’s butter industry is thriving, despite the disruption of Covid-19 and now Russia’s invasion of Ukraine, with strong export demand particularly from China but also from other markets worldwide, especially in the ASEAN (Association of Southeast Asian Nations) bloc. Major exporter Fonterra is also looking ahead to a world that increasingly cracks down on carbon emissions, introducing the first carbon-zero certified organic butter made in NZ, reflecting how consumers are seeking more sustainability in their food purchases.…
LOCAL START-UPS INNOVATE IN ASIA’S HIJAB HAIRCARE, GCC MARKET STILL UNTAPPED
Global haircare brands are starting to recognise a gap in the Muslim market as they launch products for hijab-wearing women and include them in marketing campaigns. L’Oréal’s Kérastase is the latest international brand to target this segment, having positioned its first anti-hair fall (loss) range, Genesis, to appeal to hijab-wearing women in Malaysia.…
MALDIVES PUSH FOR HALAL TOURISM LIKELY TO BOOST HALAL FOOD IMPORTS
The proactive move by the mainly Muslim south Asian archipelago of Maldives to boost halal tourism will make this country a larger market for halal-certified food imports. Imported food sold to its permanent population of 540,500 must be halal food under Maldives Food and Drug Authority (FDA) regulations, said Dr Abdullah Shiham Hassan a senior Maldives lawyer and past head of law in the faculty of Shariah law at the Maldives National University: “This is checked and monitored by the FDA regularly.” …