Indonesia’s Haj Fund To Invest In Saudi Tourism Industry
The Indonesian Haj Fund Management Agency (BPKH) is planning to invest in Saudi Arabia to help Indonesian pilgrims who want to go on the haj or umrah …
Middle East
Saudi Arabia Chooses Prime As The Sole Halal-Certification Body In The Philippines
Saudi Arabia has chosen Prime Certification and Inspection, a subsidiary of the United Arab Emirates-based Prime Group of Companies, the only …
Saudi Arabia Allows Umrah For Immunized Pilgrims In Ramadan
Only pilgrims and worshippers who have been immunized against COVID-19 or have fully recovered from the pandemic will be allowed into the Grand …
Qatar FinTech Hub Announces Wave 2 Of Its Incubator, Accelerator Programs
22 FinTechs selected to take part in Wave 2 of the Incubator and Accelerator Programs to run from March until June 2021. The Qatar FinTech Hub …
Saudi Arabia, Malaysia To Strengthen Trade Relations
Minister of Commerce Dr. Majid Bin Abdullah Al-Qasabi has confirmed that the trade relations between the Kingdom of Saudi Arabia and Malaysia have …
Saudi Arabia Extends Support for Hajj, Umrah Operators
Riyadh: Saudi Arabia’s King Salman approved a range of initiatives to assist firms and individuals operating in support of Islamic pilgrimages of Hajj …
Deutsche Bank To Announce A Major Sukuk Issuance In Saudi Arabia
Deutsche Bank expects to bring to the market a “major” Islamic bond in Saudi Arabia by the end of the first quarter, as part of a wider push into the …
Brazil’s BRF Purchases Saudi Food Processing Unit
The Brazilian food company strengthens its foothold on the international market with manufacturing operations in Saudi Arabia. It will invest USD 7.2 …
Pakistan, UAE To Boost Bilateral Trade
Pakistan and the UAE are working on a new economic roadmap to boost bilateral trade volume and establish joint ventures between the two nations’ …
Saudi Arabia Poised to Become a Global Leader in Islamic Finance
The Kingdom of Saudi Arabia, being the largest Islamic finance market globally in economies with dual financial systems (comprising both conventional …
IRTI Launches Saudi Arabia Islamic Finance Country Report
In conjunction with the G20 Summit being held in Saudi Arabia on 21-22 November 2020, the Islamic Research and Training Institute (IRTI) of the …
Pakistani Meat Export To Middle East Increase
Pakistan is pushing hard to increase its export of halal meat to various countries in the Middle East. The Pakistani government is trying to boost …
Dubai Becomes A Center Of Global Trade
Dubai is increasingly becoming an important center of global trade. It is evident from the external trade statistics released by Dubai Customs earlier …
IDB, UAE Discuss The Impact Of COVID-19 On Private Sector & Global Economy
The Islamic Development Bank Group and the UAE Ministry of Economy and Annual Investment Meeting, recently conducted a live webinar entitled “IsDB …
COVID-19 Pandemic & Localization Initiatives in GCC Countries
COVID-19 coronavirus is here to stay. This is a painful fact none of us can ignore anymore. Central banks around the world have been using various …
Oman Arab Bank To Merge With Alizz Islamic Bank
Oman Arab Bank and Alizz Islamic Bank are planning to merge after securing regulatory approval from the Central Bank of Oman. The deal will further …
COVID-19 & Oil Price Collapse: A Double-Edged Sword For GCC
COVID-19 and oil price collapse are proving a double-edged sword to the Gulf Cooperation Council (GCC) countries. The World Bank recommends these …
COVID-19 To Impact GCC Sukuk Issuance In 2020
Global Islamic bond issuance is set to remain stable at around $180 billion
Dubai: Islamic finance is set to keep expanding in 2020 and beyond as …
GCC Ministers Discuss Economic Impact Of COVID-19
RIYADH: Commerce ministers of the Gulf Cooperation Council (GCC) held a virtual meeting to discuss the economic impact of the coronavirus disease …
Asian Economies To Suffer Heavily Due to COVID-19 Outbreak
WASHINGTON- The World Bank is estimating that the coronavirus outbreak will cause economic growth to slow significantly this year in China and other …
Saudi Arabia Urges Muslims To Defer Hajj Plans
Saudi Arabia’s hajj minister asked Muslims on Tuesday to temporarily defer preparations for the annual pilgrimage amid uncertainty over the …
Brazil To Increase Halal Chicken Export To Oman
BRF SA, the world’s largest chicken exporter, has announced that it has been granted 15 permits to export meat products from Brazil to Oman. …
Luxury Still Driving Travel Landscape In GCC Countries
In the past two decades, the travel landscape has significantly changed in GCC countries. But, the concept of luxury has remained a vital element of …
Pakistan, Turkey To Formulate Uniform Halal Standards
ISLAMABAD, (UrduPoint / Pakistan Point News – 17th Feb 2020 ): The recent Memorandum of Understanding (MoU) signed between Halal Accreditation Agency …