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12 Dec

CareFood Industries is Malaysia’s leading manufacturer/exporter of authentic Asian sauces. Recently, its President & CEO Mr. Miceky Quah introduced his company to our worldwide audience by letting us know how he started this company with only three products but is now offering more than 350 different sauces to corporate and end-user customers from Asia, Europe, Africa, Oceania, and North America. It is a marvelous success story by a small manufacturer from Malaysia who is introducing its authentic Asian sauces all over the world now. 

He told us that they…

CareFood Industries is Malaysia’s leading manufacturer/exporter of authentic Asian sauces. Recently, its President & CEO Mr. Miceky Quah introduced his company to our worldwide audience by letting us know how he started this company with only three products but is now offering more than 350 different sauces to corporate and end-user customers from Asia, Europe, Africa, Oceania, and North America. It is a marvelous success story by a small manufacturer from Malaysia who is introducing its authentic Asian sauces all over the world now. 

He told us that they…

0 comments
08 Aug

Top 10 Halal businesses you can start right now. This statement looks pretty bold especially considering the seemingly insurmountable challenges all kinds of businesses face these days even after spending millions of dollars on marketing etc.  The present article assumes that you have little to no money to start any of the below-mentioned business. However, please remember you need to have plenty of energy and insatiable desire to succeed in your halal business.   The path to success is not going to be an easy one.

Let us start exploring various business ideas related to the halal…

Top 10 Halal businesses you can start right now. This statement looks pretty bold especially considering the seemingly insurmountable challenges all kinds of businesses face these days even after spending millions of dollars on marketing etc.  The present article assumes that you have little to no money to start any of the below-mentioned business. However, please remember you need to have plenty of energy and insatiable desire to succeed in your halal business.   The path to success is not going to be an easy one.

Let us start exploring various business ideas related to the halal…

0 comments
05 May

First Abu Dhabi Bank (FAB) world business debit cardholders gain access to discounts offered by partner companies in sectors such as web design, corporate training as well as hospitality and recruitment.

Thursday 16, May 2019 BY KUDAKWASHE MUZORIWA

UAE’s FAB has partnered with Mastercard to launch its world business debit card aimed exclusively at SMEs.

The…

First Abu Dhabi Bank (FAB) world business debit cardholders gain access to discounts offered by partner companies in sectors such as web design, corporate training as well as hospitality and recruitment.

Thursday 16, May 2019 BY KUDAKWASHE MUZORIWA

UAE’s FAB has partnered with Mastercard to launch its world business debit card aimed exclusively at SMEs.

The…

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05 May

NUR-SULTAN. KAZINFORM - The project was implemented in cooperation with Al-Farabi KazNU with the International Financial Center Astana (AIFC) and Hamad Bin Khalifa Qatar University, Kazinform has learned from the university's press service. Rector of KazNU Galym Mutanov, President of the Hamad Bin Khalifa University Dr. Ahmad Hasna, Vice-Chairman of the AIFC Board Yernur Rysmagambetov, representatives of financial institutions, teachers and students took part in the opening ceremony.

The unique Center, equipped with the latest technology and modern software, will provide training…

NUR-SULTAN. KAZINFORM - The project was implemented in cooperation with Al-Farabi KazNU with the International Financial Center Astana (AIFC) and Hamad Bin Khalifa Qatar University, Kazinform has learned from the university's press service. Rector of KazNU Galym Mutanov, President of the Hamad Bin Khalifa University Dr. Ahmad Hasna, Vice-Chairman of the AIFC Board Yernur Rysmagambetov, representatives of financial institutions, teachers and students took part in the opening ceremony.

The unique Center, equipped with the latest technology and modern software, will provide training…

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05 May

Conventional financial institutions have successfully utilized technology to create a seamless online experience for the user. Unfortunately, halal investing has not kept pace in this regard. Opening a halal investment account can often be time consuming and inconvenient for the normal investor. With Wahed, clients can open accounts online and in minutes, fund their account free of charge and start with as little as $100, and monitor their performance at any time.

Wahed’s portfolio has been built based on Nobel-prize winning Modern Portfolio Theory, and is…

Conventional financial institutions have successfully utilized technology to create a seamless online experience for the user. Unfortunately, halal investing has not kept pace in this regard. Opening a halal investment account can often be time consuming and inconvenient for the normal investor. With Wahed, clients can open accounts online and in minutes, fund their account free of charge and start with as little as $100, and monitor their performance at any time.

Wahed’s portfolio has been built based on Nobel-prize winning Modern Portfolio Theory, and is…

0 comments
04 Apr

We all know that we, the Muslims are net importers of halal food from non-Muslim countries. On the other hand, there are millions of food companies in the Muslim world which are not yet working with potential to supplying halal food to the Muslim world.  However, they can export their products unless they get a verifiable halal certification by a reputable halal certification body.  To solve that problem,  recently a start-up in Indonesia has started using blockchain to simplify the halal certification process where more than 1.5 million businesses are trying to get halal certification…

We all know that we, the Muslims are net importers of halal food from non-Muslim countries. On the other hand, there are millions of food companies in the Muslim world which are not yet working with potential to supplying halal food to the Muslim world.  However, they can export their products unless they get a verifiable halal certification by a reputable halal certification body.  To solve that problem,  recently a start-up in Indonesia has started using blockchain to simplify the halal certification process where more than 1.5 million businesses are trying to get halal certification…

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03 Mar

Trace Labs and OneAgrix announced a partnership that will utilize blockchain-enabled solutions for transparency of halal food. OneAgrix, a B2B online marketplace for the sourcing of halal food ingredients and products, will use Trace Labs’ data exchange solutions to tackle halal trust deficit and enable food safety and transparency - bringing tangible benefits to businesses and consumers in the USD 2.5-trillion global halal market.

Beyond being a traditional online marketplace, OneAgrix provides an all-in-one, "Procure-Pay-Ship" solution to its…

Trace Labs and OneAgrix announced a partnership that will utilize blockchain-enabled solutions for transparency of halal food. OneAgrix, a B2B online marketplace for the sourcing of halal food ingredients and products, will use Trace Labs’ data exchange solutions to tackle halal trust deficit and enable food safety and transparency - bringing tangible benefits to businesses and consumers in the USD 2.5-trillion global halal market.

Beyond being a traditional online marketplace, OneAgrix provides an all-in-one, "Procure-Pay-Ship" solution to its…

0 comments
03 Mar

KUALA LUMPUR: Bank Islam Malaysia Bhd’s unit, BIMB Investment Management Bhd (BIMB Invest) aims to increase the size of its global shariah-environmental, social and governance (ESG) equity fund, BIMB-Arabesque i Global Dividend Fund 1 (BigDF1), to RM1 billion this year from RM800 million at present.

BIMB Invest Chief executive officer Najmuddin Mohd Lutfi said having accessed Singapore early this year, BigDF1 is poised for further market expansion in the region.

 

 

“We are looking at the Indonesian and Bruneian market by 2020, as well as other…

KUALA LUMPUR: Bank Islam Malaysia Bhd’s unit, BIMB Investment Management Bhd (BIMB Invest) aims to increase the size of its global shariah-environmental, social and governance (ESG) equity fund, BIMB-Arabesque i Global Dividend Fund 1 (BigDF1), to RM1 billion this year from RM800 million at present.

BIMB Invest Chief executive officer Najmuddin Mohd Lutfi said having accessed Singapore early this year, BigDF1 is poised for further market expansion in the region.

 

 

“We are looking at the Indonesian and Bruneian market by 2020, as well as other…

0 comments
03 Mar

KUALA LUMPUR, March 6 (Bernama) -- Shares of Brahim’s Holdings Bhd were actively traded on Bursa Malaysia and was on an uptrend this morning on news that the in-flight catering services provider was gearing up to exit the practice note 17 (PN17) status.

Yesterday, the company announced a plan to review its capital and business structure in compliance with Bursa Malaysia’s listing requirements.

“We are not planning to get de-listed and are determined to recover from the PN17 status.

Originally published on www.bernama.com

KUALA LUMPUR, March 6 (Bernama) -- Shares of Brahim’s Holdings Bhd were actively traded on Bursa Malaysia and was on an uptrend this morning on news that the in-flight catering services provider was gearing up to exit the practice note 17 (PN17) status.

Yesterday, the company announced a plan to review its capital and business structure in compliance with Bursa Malaysia’s listing requirements.

“We are not planning to get de-listed and are determined to recover from the PN17 status.

Originally published on www.bernama.com

0 comments
03 Mar

Cedar Rapids, IA, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Midamar has been producing frozen entrees for many years and they have now teamed up with a popular cook, Fauzia M. Afif, and co-founder Fozia Najfi, to create frozen entrees with unique flavors. We are excited to bring to you four entrees in total:
 

  • Halal Homestyle Salisbury Steak made from Zabihah Halal beef ground and mixed with onions and spices, paired with creamy mashed potatoes and brown gravy. 
  • Halal Macaroni and Cheese is a classic elbow pasta mixed with a mozzarella…

Cedar Rapids, IA, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Midamar has been producing frozen entrees for many years and they have now teamed up with a popular cook, Fauzia M. Afif, and co-founder Fozia Najfi, to create frozen entrees with unique flavors. We are excited to bring to you four entrees in total:
 

  • Halal Homestyle Salisbury Steak made from Zabihah Halal beef ground and mixed with onions and spices, paired with creamy mashed potatoes and brown gravy. 
  • Halal Macaroni and Cheese is a classic elbow pasta mixed with a mozzarella…
0 comments
02 Feb

By setting a target to support$3 billion worth of non-oil exports and re-exports, Etihad Credit Insurance (ECI) has set a visionary strategy and growth plan aligned with the country’s economic agenda based on the diversification objectives of the UAE Vision 2021, during the recently concluded ECI 2019 Kick-Off Meeting at the Jumeirah Emirates Towers Hotel, Dubai, UAE.

The event further highlighted ECI’s goal to support UAE-based companies with over $1.1 billion in exposure and revolving credit limits in 2019. With this, ECI remains committed to its role of assisting UAE…

By setting a target to support$3 billion worth of non-oil exports and re-exports, Etihad Credit Insurance (ECI) has set a visionary strategy and growth plan aligned with the country’s economic agenda based on the diversification objectives of the UAE Vision 2021, during the recently concluded ECI 2019 Kick-Off Meeting at the Jumeirah Emirates Towers Hotel, Dubai, UAE.

The event further highlighted ECI’s goal to support UAE-based companies with over $1.1 billion in exposure and revolving credit limits in 2019. With this, ECI remains committed to its role of assisting UAE…

0 comments
12 Dec

Yasaar Group, a UK-based Islamic Finance consultancy launched their sub-office in Bandar Seri Begawan, Brunei. The company was founded by a seasoned financial services consultant, Mr. Majid Dawood.

The company offers Islamic Finance and Shariah-compliant services to private and public financial institutions globally.   The founder & CEO of Yasaar Group said, "‘Yasaar Group is very optimistic about the significance and prospect of Islamic Finance in Brunei Darussalam.  For this reason, Yasaar wants to integrate into the Islamic Finance eco-system by working closely and…

Yasaar Group, a UK-based Islamic Finance consultancy launched their sub-office in Bandar Seri Begawan, Brunei. The company was founded by a seasoned financial services consultant, Mr. Majid Dawood.

The company offers Islamic Finance and Shariah-compliant services to private and public financial institutions globally.   The founder & CEO of Yasaar Group said, "‘Yasaar Group is very optimistic about the significance and prospect of Islamic Finance in Brunei Darussalam.  For this reason, Yasaar wants to integrate into the Islamic Finance eco-system by working closely and…

0 comments
04 Apr

Halal Guys

Two years after Astoria, N.Y.-based global franchise The Halal Guys first opened a location in Milwaukee’s East Side neighborhood, Halal Guys restaurant celebrated a grand re-opening as new owners Tammy and Paul Guadagno took over operations.

The fast-casual restaurant, located at 3133 N. Oakland Ave., serves Middle Eastern-style dishes and traditional halal food– food that adheres to Islamic law– such as gyros, hummus, baba ganouj, falafel and baklava. It held its re-opening on April 19, offering various specials that day and throughout the…

Halal Guys

Two years after Astoria, N.Y.-based global franchise The Halal Guys first opened a location in Milwaukee’s East Side neighborhood, Halal Guys restaurant celebrated a grand re-opening as new owners Tammy and Paul Guadagno took over operations.

The fast-casual restaurant, located at 3133 N. Oakland Ave., serves Middle Eastern-style dishes and traditional halal food– food that adheres to Islamic law– such as gyros, hummus, baba ganouj, falafel and baklava. It held its re-opening on April 19, offering various specials that day and throughout the…

0 comments
02 Feb

Global Halal Food Market Report 2013 to 2018 Development Challenges and Services – Worldwide Market Forecasts and Analysis, CAGR of 9.0% From 2018 till 2023

Global Halal Food Market report encompasses the overall and comprehensive study of the Halal Food Market with all its aspects influencing the growth of the market. The report acknowledges the need to stay updated in this competitive market conditions and this provides an all-inclusive data for making strategies and decision so as to boost the market growth and profitability. The Porters Five Forces model and SWOT analyses…

Global Halal Food Market Report 2013 to 2018 Development Challenges and Services – Worldwide Market Forecasts and Analysis, CAGR of 9.0% From 2018 till 2023

Global Halal Food Market report encompasses the overall and comprehensive study of the Halal Food Market with all its aspects influencing the growth of the market. The report acknowledges the need to stay updated in this competitive market conditions and this provides an all-inclusive data for making strategies and decision so as to boost the market growth and profitability. The Porters Five Forces model and SWOT analyses…

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02 Feb

Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, and Hydrocarbon Finder E&P LLC (HCF) signed an Islamic project financing facility for the development of oil and gas fields in Oman’s Block 7 operated by HCF.

The facilities agreement was signed by Sulaiman al Harthy, deputy chief executive officer - Meethaq Islamic Banking, and Brig Gen (retd) Sulaiman al Adawi, chairman of S&T Group on behalf of HCF, a press release said.

Harthy said, “Meethaq is proud to be associated with Hydrocarbon Finder and congratulate the promoters for initiating this…

Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, and Hydrocarbon Finder E&P LLC (HCF) signed an Islamic project financing facility for the development of oil and gas fields in Oman’s Block 7 operated by HCF.

The facilities agreement was signed by Sulaiman al Harthy, deputy chief executive officer - Meethaq Islamic Banking, and Brig Gen (retd) Sulaiman al Adawi, chairman of S&T Group on behalf of HCF, a press release said.

Harthy said, “Meethaq is proud to be associated with Hydrocarbon Finder and congratulate the promoters for initiating this…

0 comments
02 Feb

Lovely decor, quiet dining and an extensive menu make Barakat at the Al Meroz a sure winner

THE AL Meroz in Bangkok is Thailand’s first fully halal hotel, with every facility a practising Muslim could need, and of course non-Muslims are welcome too, the latter enjoying the terrific fine-dining restaurant Barakat as much as anyone.

The hotel has a prayer room and separate swimming pools for men and women. All the guestrooms are oriented towards Mecca, and women guests travelling alone can stay on one floor with female staff on duty.

Barakat has a wide range of…

Lovely decor, quiet dining and an extensive menu make Barakat at the Al Meroz a sure winner

THE AL Meroz in Bangkok is Thailand’s first fully halal hotel, with every facility a practising Muslim could need, and of course non-Muslims are welcome too, the latter enjoying the terrific fine-dining restaurant Barakat as much as anyone.

The hotel has a prayer room and separate swimming pools for men and women. All the guestrooms are oriented towards Mecca, and women guests travelling alone can stay on one floor with female staff on duty.

Barakat has a wide range of…

0 comments
02 Feb

Indonesia has become the first Asian country to sell "green" bonds internationally in a US$1.25 billion (S$1.65 billion) deal as one of the world's largest greenhouse gas emitters tapped into investor interest in climate-friendly investments.

Globally, US$155.5 billion of so-called green bonds were sold last year, according to the London-based Climate Bonds Initiative. But only a handful of governments have themselves sold such deals, where the proceeds are earmarked for investment in environmentally friendly projects.

Indonesia on Friday (Feb 23) sold US$1.25 billion in…

Indonesia has become the first Asian country to sell "green" bonds internationally in a US$1.25 billion (S$1.65 billion) deal as one of the world's largest greenhouse gas emitters tapped into investor interest in climate-friendly investments.

Globally, US$155.5 billion of so-called green bonds were sold last year, according to the London-based Climate Bonds Initiative. But only a handful of governments have themselves sold such deals, where the proceeds are earmarked for investment in environmentally friendly projects.

Indonesia on Friday (Feb 23) sold US$1.25 billion in…

0 comments
02 Feb

The tallest hotel in the world has officially opened its doors in Dubai, with the newly-completed Gevora Hotel stealing the Guinness World Record title from the nearby JW Marriott Marquis, which had held the position until now.

Opened on 12 February, the new hotel is located on the Sheikh Zayed Road, and stands at 356 metres tall (1167.98 feet), and features 528 deluxe rooms and suites, five separate dining experiences and leisure facilities with a main pool deck, and a health club. Guests staying at the lavish hotel will also have access to a range of specially-curated services,…

The tallest hotel in the world has officially opened its doors in Dubai, with the newly-completed Gevora Hotel stealing the Guinness World Record title from the nearby JW Marriott Marquis, which had held the position until now.

Opened on 12 February, the new hotel is located on the Sheikh Zayed Road, and stands at 356 metres tall (1167.98 feet), and features 528 deluxe rooms and suites, five separate dining experiences and leisure facilities with a main pool deck, and a health club. Guests staying at the lavish hotel will also have access to a range of specially-curated services,…

0 comments
02 Feb

An Iowa and Illinois television reporter has become the first woman to wear a hijab on air full time for a mainstream American TV station, the Muslim American Women in Media group told the Des Moines.

Tahera Rahman, reporter at WHBF-TV in Rock Island, Illinois, which covers northwestern Illinois and southeastern Iowa, recently moved to a reporter slot at the after spending two years as an off-air producer, the newspaper said.

Rahman, 27, told the Register she was determined to live her dream as a television reporter, even though some told her through the…

An Iowa and Illinois television reporter has become the first woman to wear a hijab on air full time for a mainstream American TV station, the Muslim American Women in Media group told the Des Moines.

Tahera Rahman, reporter at WHBF-TV in Rock Island, Illinois, which covers northwestern Illinois and southeastern Iowa, recently moved to a reporter slot at the after spending two years as an off-air producer, the newspaper said.

Rahman, 27, told the Register she was determined to live her dream as a television reporter, even though some told her through the…

0 comments
02 Feb

Halal Food market analysis is provided for the international market including development history, competitive landscape analysis, and major regions development status.

Halal Food Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Market over a longer period of time.

In this report, the global Halal Food market is valued at USD XX million in 2017 and is…

Halal Food market analysis is provided for the international market including development history, competitive landscape analysis, and major regions development status.

Halal Food Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Market over a longer period of time.

In this report, the global Halal Food market is valued at USD XX million in 2017 and is…

0 comments
02 Feb

A new wave of food bloogers is putting the spotlight on halal foods and carving out a niche on social media.

In a world dominated by influencers, “food porn” and sponsored posts, a new breed of Muslim foodies - colloquially known as ‘haloodies’ are carving out a niche on social media for the odd 1 billion consumers of halal food (meaning lawful in Arabic) around the globe. According to The Economist, the Islamic market will be worth more than $5 trillion by 2020, so you could say these bloggers are onto something.

Their task? Broadly, convincing the rest of the…

A new wave of food bloogers is putting the spotlight on halal foods and carving out a niche on social media.

In a world dominated by influencers, “food porn” and sponsored posts, a new breed of Muslim foodies - colloquially known as ‘haloodies’ are carving out a niche on social media for the odd 1 billion consumers of halal food (meaning lawful in Arabic) around the globe. According to The Economist, the Islamic market will be worth more than $5 trillion by 2020, so you could say these bloggers are onto something.

Their task? Broadly, convincing the rest of the…

0 comments
02 Feb

Hotel rooms with prayer schedules and halal eateries among Muslim-friendly gestures.

TAIPEI • From halal fried chicken to hot springs hotels with prayer facilities, Taiwan is adapting its traditional tourist draws to woo Muslim visitors as Chinese arrivals dwindle.

Mainland tourist numbers have slid dramatically as China relations deteriorate, with speculation that the authorities there are turning off the supply to pressure Taiwan's Beijing-sceptic government.

Taiwan is now looking to boost relations with 16 South and South-East Asian countries, as well as…

Hotel rooms with prayer schedules and halal eateries among Muslim-friendly gestures.

TAIPEI • From halal fried chicken to hot springs hotels with prayer facilities, Taiwan is adapting its traditional tourist draws to woo Muslim visitors as Chinese arrivals dwindle.

Mainland tourist numbers have slid dramatically as China relations deteriorate, with speculation that the authorities there are turning off the supply to pressure Taiwan's Beijing-sceptic government.

Taiwan is now looking to boost relations with 16 South and South-East Asian countries, as well as…

0 comments
02 Feb

Hotel rooms with prayer schedules and halal eateries among Muslim-friendly gestures.

TAIPEI • From halal fried chicken to hot springs hotels with prayer facilities, Taiwan is adapting its traditional tourist draws to woo Muslim visitors as Chinese arrivals dwindle.

Mainland tourist numbers have slid dramatically as China relations deteriorate, with speculation that the authorities there are turning off the supply to pressure Taiwan's Beijing-sceptic government.

Taiwan is now looking to boost relations with 16 South and South-East Asian countries, as well as…

Hotel rooms with prayer schedules and halal eateries among Muslim-friendly gestures.

TAIPEI • From halal fried chicken to hot springs hotels with prayer facilities, Taiwan is adapting its traditional tourist draws to woo Muslim visitors as Chinese arrivals dwindle.

Mainland tourist numbers have slid dramatically as China relations deteriorate, with speculation that the authorities there are turning off the supply to pressure Taiwan's Beijing-sceptic government.

Taiwan is now looking to boost relations with 16 South and South-East Asian countries, as well as…

0 comments
02 Feb

Malaysia-based firm HelloGold has received a sharia-compliant certification for its gold-backed cryptocurrency and plans to launch its online gold platform in Thailand later this year, the company said.

Its cryptocurrency product, dubbed GOLDX, was launched at the end of last year and has now received certification from Amanie Advisors, a Malaysia-based Islamic finance consultancy, said chief marketing officer Manuel Ho.

Unlike other cryptocurrencies, GOLDX involves the issuance of a token backed by physical gold stored in a Singapore vault, and transactions must be…

Malaysia-based firm HelloGold has received a sharia-compliant certification for its gold-backed cryptocurrency and plans to launch its online gold platform in Thailand later this year, the company said.

Its cryptocurrency product, dubbed GOLDX, was launched at the end of last year and has now received certification from Amanie Advisors, a Malaysia-based Islamic finance consultancy, said chief marketing officer Manuel Ho.

Unlike other cryptocurrencies, GOLDX involves the issuance of a token backed by physical gold stored in a Singapore vault, and transactions must be…

0 comments
02 Feb

The star donned a hijab and halal makeup while at Fashion Week.

She’s previously spoken of the “calmness” she’s felt since relocating to Dubai.

And now Lindsay Lohan has further embraced the culture of her adopted home in the Middle East, after showing up to support regional designers at London Modest Fashion Week.

The Mean Girls star was a guest of honour at the two-day event, which launched for the first time in the British capital just last year.

The star donned a hijab and halal makeup while at Fashion Week.

She’s previously spoken of the “calmness” she’s felt since relocating to Dubai.

And now Lindsay Lohan has further embraced the culture of her adopted home in the Middle East, after showing up to support regional designers at London Modest Fashion Week.

The Mean Girls star was a guest of honour at the two-day event, which launched for the first time in the British capital just last year.

0 comments
01 Jan

Gulf Navigation Holding said on Tuesday it will sell new shares to existing investors in the first quarter to raise funds for expanding its business as the Dubai-based shipper targets a goal of increasing its revenues by 300 per cent by 2021.

The Dubai-listed company said it will increase the company's capital by Dh448.3 million to raise the company's total paid up capital to Dh1 billion, distributed over one billion shares at a par value of Dh1 a share.

"Since July 2016, when we launched our new strategy under the slogan "A broad vision to a new horizon" we continued day…

Gulf Navigation Holding said on Tuesday it will sell new shares to existing investors in the first quarter to raise funds for expanding its business as the Dubai-based shipper targets a goal of increasing its revenues by 300 per cent by 2021.

The Dubai-listed company said it will increase the company's capital by Dh448.3 million to raise the company's total paid up capital to Dh1 billion, distributed over one billion shares at a par value of Dh1 a share.

"Since July 2016, when we launched our new strategy under the slogan "A broad vision to a new horizon" we continued day…

0 comments
01 Jan

The EQUATE Group, a global producer of petrochemicals, earned regional recognition by receiving the Investment Grade Bond/Sukuk Deal of the Year Award at the 2017 GFC Media Middle East Awards in Dubai.

The award was for EQUATE’s debut issuance of $2.25 billion 144A and Reg S five-year and ten-year dual-tranche bond offering, which was issued during November 2016. The bond issuance is part of EQUATE’s long-term financial restructuring plan following the acquisition of MEGlobal in December 2015.

Phisanu Sermchaiwong, EQUATE’s Chief Financial Officer, commented on the…

The EQUATE Group, a global producer of petrochemicals, earned regional recognition by receiving the Investment Grade Bond/Sukuk Deal of the Year Award at the 2017 GFC Media Middle East Awards in Dubai.

The award was for EQUATE’s debut issuance of $2.25 billion 144A and Reg S five-year and ten-year dual-tranche bond offering, which was issued during November 2016. The bond issuance is part of EQUATE’s long-term financial restructuring plan following the acquisition of MEGlobal in December 2015.

Phisanu Sermchaiwong, EQUATE’s Chief Financial Officer, commented on the…

0 comments
01 Jan

UAE-based Gulf Islamic Investments (GII) has announced the acquisition of nearly one million square feet of logistics centres for Amazon for $144 million.

The two Grade A logistics centres, located in Dortmund, Germany, serve as Amazon’s key logistics centres supplying goods to 29 other facilities, the company said in a statement.

The newly built facilities are leased out to Amazon on a long-term lease with regular rental uplifts linked to Germany CPI, it added.

Mohammed Al-Hassan, co-founder and CEO, said: “GII’s real estate investment strategy is to have an…

UAE-based Gulf Islamic Investments (GII) has announced the acquisition of nearly one million square feet of logistics centres for Amazon for $144 million.

The two Grade A logistics centres, located in Dortmund, Germany, serve as Amazon’s key logistics centres supplying goods to 29 other facilities, the company said in a statement.

The newly built facilities are leased out to Amazon on a long-term lease with regular rental uplifts linked to Germany CPI, it added.

Mohammed Al-Hassan, co-founder and CEO, said: “GII’s real estate investment strategy is to have an…

0 comments
12 Dec

(MENAFN - Muscat Daily) Muscat- Alizz Islamic Bank recently won the award for 'Best Sukuk Deal 2017' at the seventh Global Islamic Finance Awards 2017 (GIFA) held in Astana, Kazakhstan.

The award was received on behalf of the bank by Mustafa al Lawati, head of investment banking, project finance and syndications at Alizz Islamic Bank, according to a press release.

GIFA is one of the most prestigious awards in the world of Islamic banking and finance. It acknowledges the contributions of institutions in the growth and expansion of the Islamic banking and finance sector.…

(MENAFN - Muscat Daily) Muscat- Alizz Islamic Bank recently won the award for 'Best Sukuk Deal 2017' at the seventh Global Islamic Finance Awards 2017 (GIFA) held in Astana, Kazakhstan.

The award was received on behalf of the bank by Mustafa al Lawati, head of investment banking, project finance and syndications at Alizz Islamic Bank, according to a press release.

GIFA is one of the most prestigious awards in the world of Islamic banking and finance. It acknowledges the contributions of institutions in the growth and expansion of the Islamic banking and finance sector.…

0 comments
12 Dec

PETALING JAYA: RAM Ratings has assigned an “AA3/stable” rating to Edra Energy Sdn Bhd’s proposed sukuk wakalah of up to RM5.28 billion in nominal value (2017/2037) to fund the largest gas plant in Malaysia.

In a statement today, the rating agency said it reflects the company’s strong project economics, underscored by stable cash flow generation, resulting in a minimum finance service coverage ratio (with cash balances, post-distribution, calculated on payment dates) of 1.5 times under RAM’s sensitised case upon completion of the plant.

“Given the technology…

PETALING JAYA: RAM Ratings has assigned an “AA3/stable” rating to Edra Energy Sdn Bhd’s proposed sukuk wakalah of up to RM5.28 billion in nominal value (2017/2037) to fund the largest gas plant in Malaysia.

In a statement today, the rating agency said it reflects the company’s strong project economics, underscored by stable cash flow generation, resulting in a minimum finance service coverage ratio (with cash balances, post-distribution, calculated on payment dates) of 1.5 times under RAM’s sensitised case upon completion of the plant.

“Given the technology…

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