Saturday 29 April 2017 \

 

economy

France most popular European travel destination for Muslims

Source : HalalFocus / 03 Oct 2014

France has emerged as the most desirable travel destination in Europe by Muslim tourists particularly among Malaysian travelers, according to a poll of travelers in the Middle East and Southeast Asia.

 

Russia, Iran agree to boycott US dollar in bilateral trade

Source : GlobeMuslims / 03 Oct 2014

Russia and Iran have agreed to use their own national currencies in bilateral trade transactions rather than the U.S. dollar.

Iran’s IRNA news agency reported that the plans were announced in a meeting on Tuesday in Tehran by Iranian business magnate and head of the Iran-Russia Joint Chamber of Commerce, Asadollah Asgaroladi.

 

Palestinian govt calls for $4 bn for Gaza reconstruction

Source : AFP / 02 Oct 2014

The Palestinian government on Thursday in a reconstruction plan for Gaza ahead of an October 12 donor conference called for $4 billion to rebuild the war-battered territory.

Gaza’s infrastructure was devastated during a 50-day Israeli military operation which killed nearly 2,200 Palestinians, while attacks by Gaza militants killed 73 on the Israeli side.

 

Prices of sanctioned goods grow 3 times faster

Source : Itar-Tass / 27 Sep 2014

The prices of products affected by the Russia's retaliatory sanctions grew almost three times faster than those of other staples, the Ministry of Economic Development said on Friday.

 

Organic farming gaining popularity in Saudi Arabia

Source : Saudi Gazette / 27 Sep 2014

Last week, Saudi Agriculture 2014, the 33rd international agriculture, water, and agro-industry trade show, took place at the International Convention and Exhibition Center in Riyadh.

Organic farming was one of the topics addressed at the exhibition. Under the patronage of the Ministry of Agriculture, the Department of Organic Agriculture (DOA) participated with its own organic farming pavilion, a joint venture with on one side the ministry and the German GIZ International Services’ “Organic Farming Project” and on the other the Saudi Organic Farming Association (SOFA).

 

Palestine premier urges $ 3.8bn in aid for Gaza reconstruction

Source : Presstv / 26 Sep 2014

Prime Minister of the Palestinian unity government Rami Hamdallah has called for USD four billion in urgent aid for the reconstruction of the war-torn Gaza Strip. 

Hamdallah said Tuesday that he has asked the international community to donate 3.8 billion dollars of international aid to help Palestinians rebuild Gaza following its devastation as a result of Israel’s war on the impoverished enclave this summer.

 

Metro project to bring Riyadh on par with world’s great cities

Source : Arab news / 23 Sep 2014

The $22.5 billion metro project — called King Abdulaziz Project for Riyadh Public Transport — is a linchpin of the Saudi capital’s modernization program. It will be the backbone of the Saudi capital’s public transport system and a key component of growth.

 

Spending by Muslim population on clothes to rise to $322b by ’18

Source : SaudiGazette / 22 Sep 2014

There is a huge gap in the global Islamic clothes, fashion and design market in the absence of major Islamic brands capable of meeting the requirements of the Muslim population, especially women, a research note by Dubai Chamber of Commerce and Industry based on a study by Thomson Reuters revealed.

 

90% of Gazans live below poverty line, 95% of water undrinkable

Source : MiddleEastMonitor / 20 Sep 2014

Head of the Popular Committee against the Siege Jamal Al-Khodari has described living conditions in the Gaza Strip as "disastrous" after the latest Israeli war.

In a briefed press release, Al-Khodari said that more than 90 per cent of Palestinians in Gaza live under the poverty line because of the sharp increase of unemployment rates.

 

Lotus Halal ETF and the rising profile of islamic finance in Nigeria

Source : BusinessDayOnline / 18 Sep 2014

Lotus Halal ETF, a non-interest capital market product which tracks the NSE Lotus Islamic Index (NSE-LII) was launched back in August.

The NSE-LII index tracks the performance of 15 Sharia-screened equities listed on the stock exchange. Some of companies comprised in the index include Cadbury Nigeria, Dangote Cement and Unilever.

 
 

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