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
 Apr 25 2015 - Dubai's Damac Q1 net profit down 38 percentMENAFN
(MENAFN) Dubai's Damac Properties reported a 38 percent fall in first-quarter net profit, despite surging revenue, because of the effect of a big one-off gain a year ago, Emirates 24/7 reported.The ...

 Apr 25 2015 - Saudi Cable signs USD170.7m debt restructure dealMENAFN
(MENAFN) Saudi Cable Company said in a statement that it has signed a deal with three of its main lenders to restructure USD170.7 million of debt, Arab News reported.The debt will be restructured ...

 Apr 25 2015 - Saudi petrochemical firms combined profit down in Q1MENAFN
(MENAFN) Saudi Arabia's first-quarter corporate earnings were generally weaker than expected, a sign that foreign investors should be cautious as the stock market opens up to them this year, Arab ...

 Apr 25 2015 - EU migrant rescue ships head for LibyaThe Peninsula
(MENAFN - The Peninsula) British and German warships made ready to sail for waters off Libya as Europe ramped up rescue operations in the Mediterranean after up to 900 desperate migrants drowned last ...

 Apr 25 2015 - Qatar- Al Rayyan thrash Al Markhiya as Emir Cup kicks off in styleThe Peninsula
(MENAFN - The Peninsula) Football giants Al Rayyan yesterday celebrated their ascent to Qatar Stars League (QSL) by crushing Markhiya 5-0 in their opening Emir Cup clash.Al Rayyan were demoted to the ...

 Apr 25 2015 - Qatar- 'Desert King' Al Attiyah is unstoppable on home soilThe Peninsula
(MENAFN - The Peninsula) Qatar's Nasser Saleh Al Attiyah, Spain's Marc Coma and Poland's Rafal Sonik each confirmed their third victories at the Sealine Cross-Country Rally in four years in the car, ...

 Apr 25 2015 - Qatar- Al Attiyah wins Sealine RallyThe Peninsula
(MENAFN - The Peninsula) Dakar Rally champion Nasser Saleh Al Attiyah yesterday said healthy time lead on the first three days set up his title win at this week's Sealine Cross-Country Rally. The ...

 Apr 25 2015 - Qatar- Stafford Sri Lankan School Doha celebrates New YearThe Peninsula
(MENAFN - The Peninsula) Stafford Sri Lankan School Doha celebrated the Sinhala and Hindu New Year recently by organising many traditional dances, games and competitions. The celebration, which ...

 Apr 25 2015 - Qatar- North Indians' Association celebrates BaisakhiThe Peninsula
(MENAFN - The Peninsula) North Indians' Association celebrated the harvest festival Baisakhi recently at Al Ghazal hall. Nearly 200 members joined the cultural programme organised by the association ...

 Apr 25 2015 - Qatar- Visa trading is illegal and punishableThe Peninsula
(MENAFN - The Peninsula) Qatari law sets strict punishment for visa traders with aim of preventing trade of illegal visas because every single illegal work visa adds an unemployed worker. If he/she ...

more...


 






Google

Click to Apply

 
 

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