Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE - Al Islami eyes expansion in Russia, CIS countries  Join our daily free Newsletter

MENAFN - Khaleej Times - 15/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Al Islami's expansion will further highlight Dubai's growing stature as the capital of the halal economy.

Al Islami Foods, the leading halal food company in the Middle East, will soon be establishing a permanent presence in Russia, Azerbaijan and other countries in the Commonwealth of Independent States, or CIS, saying that the former Soviet states represent a whopping 284 million people who are potential food consumers.

A top Al Islami spokesperson said that awareness about halal food has been increasing exponentially among Muslim and non-Muslim residents in the CIS countries and current indications show that this remains a highly under-served market. Russia's current annual production of halal food stands at around 65,000 tonnes, produced mostly by unorganised livestock farmers and smaller meat-production companies.

"Russian and CIS consumers are increasingly showing a marked preference for food products that comply with real halal standards," said Saleh Abdullah Lootah, board member of Al Islami Foods.

"In recent times, this unprecedented demand has led many retail outlets and restaurants in those countries to introduce exclusive sections and menus featuring only pure halal food products."

Al Islami's top executives recently visited Moscow and Azerbaijan as part of a high-level Dubai government trade delegation to explore business opportunities for UAE companies with their Russian counterparts. Currently, Al Islami exports its halal products widely across the GCC and its entry into Russia will further reinforce its position as a truly global halal leader.

Pointing out that in Russia alone, Muslims form 20 per cent, or roughly 40 million people, Lootah added that Al Islami's expansion in the Russian and CIS markets is in line with the UAE government's vision to position Dubai as the capital of the Islamic economy.

"Russia and the CIS countries are a promising market and we are keen to have a first-mover advantage by establishing our presence here soon after reviewing local distribution partnerships and logistical infrastructure," he said.

Al Islami's expansion will further highlight Dubai's growing stature as the capital of the halal economy. The emirate had recently hosted the successful Halal Congress to highlight its vision for a halal economy that involves Islamic financial instruments, Islamic insurance, Islamic contracts' arbitration, Islamic food industry and trade standards and Islamic quality management standards.

 






  MENA News Headlines
 Jul 13 2014 - Companies of UAE's DMCC increase 30 percentMENAFN
(MENAFN) Total number of companies operating in the UAE-based DMCC has boosted by 1.027 to 8.865 in the first half of 2014, according to Arabian Business.DMCC, the largest free zone in the UAE, said ...

 Jul 13 2014 - Bahrain's Garmco eyes USD50m investments to improve capacityMENAFN
(MENAFN) Bahrain-based Gulf Aluminium Rolling Mill Company (Garmco) eyes to invest USD50 million for capacity expansion, chief executive Graham Bruce told the GDN, Gulf Daily News reported.The annual ...

 Jul 13 2014 - GCC construction projects to hit USD195b by 2015MENAFN
(MENAFN) Construction projects in the GCC countries are expected to reach USD195.67 billion by the end of 2014, which is 35 billion higher than in 2013, according to Arabian Business.Contractor ...

 Jul 13 2014 - In Gaza, war clouds Palestinian teen's dream of peaceAFP
(MENAFN - AFP) In 2012, Mohamed Abu Aisha took part in a US peace camp with Israelis, but now he wonders if some of them are flying the warplanes overhead in Gaza. Standing in the Tuffah ...

 Jul 13 2014 - Qatar's inflation reaches 3.4 percent in 12 monthsMENAFN
(MENAFN) Qatar's inflation rate was the highest among the GCC countries as it hit 3.4 percent in twelve months to the end of May, according to the Peninsula Qatar.The Statistical Centre for the ...

 Jul 13 2014 - Tonino Lamborghini to launch new hotel in DubaiMENAFN
(MENAFN) Tonino Lamborghini, the company owned by the son of the famous Italian carmaker Ferruccio Lamborghini, plans to launch a hotel project in Dubai as part of its plan to expand in the Middle ...

 Jul 13 2014 - Dubai's gov't gifts land worth USD500m to EmiratisMENAFN
(MENAFN) Dubai's government granted over USD500 million worth of land to local citizens in the first six months of the current year, including ten plots on Palm Jumeirah, according to Arabian ...

 Jul 13 2014 - Unique collection of Islamic textiles from the Sharjah Museum of Islamic Civilization featured in a new bookMENAFN Press
(MENAFN Press) One of the world's most important and stunning collections of Islamic textiles from the Sharjah Museum of Islamic Civilization is being celebrated in a new publication created by ...

 Jul 13 2014 - Telefônica Vivo selects Ericsson for Brazilian digital city projectMENAFN Press
(MENAFN Press) Ericsson (NASDAQ:ERIC) has been chosen by Telefônica Vivo to integrate the smart parking and smart lighting for its digital city project in Águas de São Pedro, Brazil. Collaborating ...

 Jul 13 2014 - Millennium Plaza Hotel Dubai holds luxurious media Iftar MENAFN Press
(MENAFN Press) To celebrate the holy month of Ramadan, Millennium Plaza Hotel Dubai recently hosted an Iftar for the media who enjoyed a wide variety of international cuisines and Arabic specialties ...

more...


 






Google

Taqs

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help