Istanbul hosts World Halal Summit
Today, the World Halal Summit has kicked off in Istanbul.
The summit kicked off with a recitation of verses from the Holy Koran.
Later on, Turkish President Recep Tayyip Erdogan’s letter was read.
The letter says,
‘Halal has already become a living style around the world. New technologies are important for extension of geography of the halal trading. This is a significant issue for Turkey. I’m sure that these issues will be comprehensively discussed at today’s summit. I sincerely greet you and wish the event a great success’.
Thereafter, Yunus Ete, the chairman of the World Halal Summit Council, said that the world halal sector is approaching $4 trillion with $2 trillion in Islamic finance products, $1 trillion in halal food, $250 billion in halal tourism, and the rest in instruments such as halal medicine, halal cosmetics and halal textile.
According to him, Turkey’s share in Islamic finance is $55 billion: ‘85% of halal market constituted from non-Islamic countries’.
It was noted that Halal food market of Turkey amounts to $5 billion, which doubles per year. By the end of this year, the halal food market of Turkey is expected to reach $30 billion.
- 13.12.2017Azerbaijani population spend AZN 14.2B on food this year
- 13.12.2017Azerbaijan’s positive balance from foreign trade turnover nears $5B
- 13.12.2017Azerbaijan doubles car import
- 13.12.2017AZN13.7B invested in Azerbaijan’s fixed capital this year
- 13.12.2017SCC transfers nearly AZN 2.4B to state budget this year
- 12.12.2017Number of wageworkers in economy announced
- 12.12.2017Annual inflation reaches 13.4%
- 11.12.2017Central Bank announces result of today’s auction
- 11.12.2017Azerbaijan still biggest investor in Georgia
- 11.12.2017Azerbaijan-based banks see AZN 4.2B decline in provision of crediting
- 11.12.2017Banks’ liabilities to Central Bank decline
- 11.12.2017Azerbaijan-based banks’ net profit nears AZN 550M
- 11.12.2017Azerbaijan-based banks’ net worth makes up AZN 3.1B
- 08.12.2017Bitcoin tumbles after dramatic gains ahead of futures launch
- 08.12.2017Troubled loans reach AZN 1.9B
- 08.12.2017Azerbaijan sees 8% rise in October’s mortgage lending
- 08.12.2017Personal savings increase
- 08.12.2017Azerbaijan-based banks see 2.4-fold decline in external borrowing
- 08.12.2017Azerbaijan sees rise in money supply
- 08.12.2017Azerbaijan sees decline in provision of crediting
- 08.12.2017Customs duty of raw silk increased tenfold
- 08.12.2017SOFAZ: Despite quitting EITI, Azerbaijan remained loyal to its principles
- 07.12.2017Bitcoin breaks through the $16,000 mark
- 07.12.2017Tax burden is below 40 pct in Azerbaijan - review
- 06.12.2017Azerbaijan’s new taxes minister Mikayil Jabbarov introduced to staff
- 06.12.2017Monetary base increases
- 06.12.2017CB currency reserves rise 31%
- 06.12.2017ADB allocates $250M to Azerbaijani government
- 06.12.2017Georgia reduces fuel import from Azerbaijan
- 06.12.2017SCC transfers nearly AZN 215M to state budget this year
- 06.12.2017Bitcoin extends gains, rises above $12,000 to record high
- 05.12.2017Import of newsprint exempted from customs duty
- 05.12.2017ADB allocates $400 million for Azerbaijan Railways
- 05.12.2017AMF to hold placement of next bond issue on December 8
- 04.12.2017Azerbaijan-based banks ranking for expenditures growth rate
- 04.12.2017Azerbaijan-based banks ranking for deposit portfolio growth rate
- 04.12.2017Azerbaijan-based banks ranking for authorized capital growth rate
- 04.12.2017AZN 11.3B directed to socio-economic development of Baku this year
- 04.12.2017Azerbaijan-based banks ranking for loan portfolio growth rate
- 04.12.2017Azerbaijan-based banks ranking for personal savings growth rate
- 23.11.2017Azerbaijan announces new customs duties for import of wheat, rice and corn
- 23.11.2017Subsistence minimum to be increased by 11%
- 27.11.2017AccessBank starts “Thoroughly profitable” campaign
- 23.11.2017Azerbaijani parliament gives time to government to consider budget proposals
- 23.11.2017Azerbaijani parliament discussing 2018 budget package
- 23.11.2017IBA to be put up for privatization in 2018