Quotes: 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.

 


Khaleej Times




  MENA News Headlines
 Jul 24 2016 - Two Israeli Reconnaissance Planes Violate Lebanon's AirspaceQatar News Agency
(MENAFN - Qatar News Agency) Beirut, July 23 (QNA) - An Israeli reconnaissance plane has violated the Lebanese airspace above Lebanon's Alma Shaab and flew over Iqlim Kharroub region, as indicated by ...

 Jul 24 2016 - Mass Hunger Strike in Protest of Israel's Detention of PalestiniansQatar News Agency
(MENAFN - Qatar News Agency) Ramallah, July 23 (QNA) - A mass hunger strike across Israeli prisons continued on Saturday in protest of Israel";s detention of Palestinians without charge or trial, ...

 Jul 24 2016 - EU Condemns Kabul AttacksQatar News Agency
(MENAFN - Qatar News Agency) Brussels, July 23 (QNA) -The EU has condemned an attack in Kabul earlier today at a march in which 80 people were killed and over 200 injured. A statement by Maja ...

 Jul 24 2016 - Turkey Forms State of Emergency Coordination CommitteeQatar News Agency
(MENAFN - Qatar News Agency) Ankara, July 24 (QNA) - Turkey has formed a state of emergency coordination committee chaired by Prime Minister Binali Yildirim, according to the Official Gazette. The ...

 Jul 24 2016 - Israeli Army Injures One Palestinian, Arrests Three OthersQatar News Agency
(MENAFN - Qatar News Agency) Ramallah, July 24 (QNA) - Israeli soldiers invaded, at dawn Sunday, the town of Silwad, east of the central West Bank city of Ramallah, shot and seriously wounded one ...

 Jul 24 2016 - Bahrain to launch USD526m market revampMENAFN
(MENAFN) Bahrain's government has announced a USD526 million project to revamp Bahrain's Manama Central Market.In detail, the project is still awaiting approval, six months after it was suspended ...

 Jul 24 2016 - Enec, KHNP shake hands on support services dealMENAFN
(MENAFN) The Emirates Nuclear Energy Corporation (Enec) and Korea Hydro & Nuclear Power (KHNP) have inked an operating support services agreement (OSSA) for the Barakah nuclear power plant in Abu ...

 Jul 24 2016 - QIA, Douglas Emmett acquires USD225m LA office buildingMENAFN
(MENAFN) Qatar Investment Authority (QIA) has announced the acquisition of a mega office property in Los Angeles in joint venture with Douglas Emmett, a real estate investment trust (REIT.In detail, ...

 Jul 24 2016 - WEEK AHEAD: Blue-chips aplenty due to update marketProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) The week ahead is set to be a busy one as blue-chips race to get their results out before people head off on holiday. The first of the big companies reports on ...

 Jul 24 2016 - Italian banking crisis may not spill over to global economy: QNBGulf Times
(MENAFN - Gulf Times) Italian banks are in 'trouble” because of their 'large stock of bad loans” QNB said although it does not foresee the trouble 'spilling over” to the wider ...

more...


 





Google

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help