The global halal products and services sector is growing at eight percent year-on-year to $2.3 trillion (AED8.44 trillion) – higher than the GDP of more than 200 countries in the world, according to research conducted by Orange Fairs and Events, organizers of the Halal Expo – Dubai, 2017. Of this, about 67 percent represents the…
UAE is the number one halal holiday destination for development, a new YouGov study has found. The YouGov annual Travel Oracle, a survey of more than 22,000 respondents online from across the Middle East, North Africa and South Asia (MENASA) region, revealed that while most respondents (29 percent) associated more closely with Saudi Arabia as…
Assets of Islamic Banks in the UAE rose by 9.8 percent to reach AED445 billion at the end of Q2 2015, HE Mubarak Rashed Al Mansouri, Governor of Central Bank of the UAE, said at the opening session of the Global Islamic Economy Summit. The governor said the UAE has 8 full-fledged Islamic banks, which,…
As the $2 trillion Halal industry, which includes food, finance and much more, grows, many call for new ways to develop coherence and diversity. “Demand is increasing and we now must focus on developing our products. I am not saying forget about being Halal, but we must start innovating,” says Saleh Abdullah Lootah, Managing Director…
