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Moroccan Owner of World’s First ‘Halal’ Sex Shop Targets Saudi Arabia

Moroccan Owner of World’s First ‘Halal’ Sex Shop Targets Saudi Arabia

Marrakesh- In 2010, a Moroccan named Abdelaziz Aouragh launched what the media dubbed as the world’s first halal sex shop, which provides a range of erotic products that do not contravene… Read more »

Dubai Produces World’s First ‘Halal’ Wine

Dubai Produces World’s First ‘Halal’ Wine

Responding to demands of the Gulf Emirate luxurious residents, a Dubai company has announced the launch of the world’s first ever “halal” fizzing wine that includes a “24-carat edible gold… Read more »

Tata Motors launches Nano car in Bangladesh market

Tata Motors launches Nano car in Bangladesh market

The much-publicised ‘Nano’ car manufactured by India’s Tata Motors has hit the Bangladesh market. Commerce Minister Tofail Ahmed launched the vehicle at a function at Ruposhi Bangla Hotel in Dhaka… Read more »

Faith in Islamic finance on the rise in non-Muslim world says IDB and Thomson Reuters

Faith in Islamic finance on the rise in non-Muslim world says IDB and Thomson Reuters

For the second consecutive year, the Islamic Corporation for the Development of the Private Sector (ICD), the private sector development arm of the Islamic Development Bank (IDB), presents findings from… Read more »

Garnier issues apology following threats of boycott

Garnier issues apology following threats of boycott

Cosmetics giant Garnier has issued an apology after it came under fire following a Facebook post showing members of the Israeli army posing with packages of the company’s products was… Read more »

Sharjah to spend $400m on Islamic cultural schemes

Sharjah to spend $400m on Islamic cultural schemes

Sharjah has announced it will spend AED1.5 billion ($400m) on 21 projects related to its selection as this year’s Islamic Culture Capital. Funding includes $38m for the 4000-seat Al Majaz… Read more »

Dubai named world’s top performing property market in 2013

Dubai named world’s top performing property market in 2013

Dubai was the world’s best performing real estate market during 2013 with price growth nudging 35 percent, Knight Frank has revealed in a new report. The Knight Frank Global House… Read more »

Feroz Allana tops Arabian Business GCC Indian Rich List for 2014

Feroz Allana tops Arabian Business GCC Indian Rich List for 2014

Food magnate Feroz Allana has topped the Arabian Business GCC Indian Rich List for 2014, with an estimated wealth of $4.4bn. Altogether, nine billionaires make the list, with the combined… Read more »

South Africa Introduces Islamic Bonds

South Africa Introduces Islamic Bonds

South Africa will launch its first sukuk Islamic bond this year, as it seeks to diversify its debt obligations, Finance Minister Pravin Gordhan said Wednesday. “Our first sukuk (Islamic) bond… Read more »

Turkey to be 12th largest global economy by 2028: CEBR

Turkey to be 12th largest global economy by 2028: CEBR

Turkey will be the 12th largest economy of the world by 2028, while Britain will surpass France and Germany to become Europe’s biggest, according to a study released by a… Read more »