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The export of Russian halal products increased by 82% in value, reaching $380 million in 2024 amid extending relations with the Islamic countries.
“We have set major, ambitious goals, and trade with Islamic countries plays an important role in achieving them,” said First Deputy Agriculture Minister Elena Fastova at the International Economic Forum Russia – Islamic World: KazanForum. “Last year, Russia exported halal products worth $380 million—an 82% increase compared to 2023.”
Fastova identified Saudi Arabia, the UAE, and Iran as the primary consumers of Russian halal products. “We are also expanding exports to Algeria, Kuwait, Jordan, and Egypt,” she added.
The 16th International Economic Forum ‘Russia - Islamic World: KazanForum’ is taking place on May 13-18 in Kazan. The main theme for this year has been defined as ‘Digitalization: New Reality and Additional Opportunities for Expanding Cooperation’.
Head of the Agroexport federal center, Ilya Ilyushin, stated that Russia has "set ambitious targets for increasing food exports to Islamic countries." He added that the volume of Russian agricultural exports to the markets of the largest Islamic countries is expected to exceed $26 billion by 2030.
“Agricultural attachés are stationed in many Islamic countries—such as Algeria, Egypt, Indonesia, Iran, Malaysia, the UAE, Saudi Arabia, and Turkey—with representation in over 20 countries where the population is predominantly Muslim,” he noted.
To unlock the export potential of Russian halal products, Agroexport has developed a dedicated strategy for promoting them in the Middle Eastern and North African markets, he added.
The U.S. Federal Aviation Administration lifted a nationwide ground stop on Friday (13 November) after a communications failure at air traffic control centres caused chaos at airports and triggered the longest nationwide shutdown since the 9/11 attacks in 2001.
More than 30 people have been taken to hospital after a cargo ship collided with a passenger cruise docked on the Mississippi River in New Orleans on Friday (13 November).
Saudi Arabia said it intercepted two Houthi ballistic missiles targeting Riyadh and three drones in its oil-rich Eastern Province on Sunday (15 November), as Iran's Revolutionary Guards claimed separate attacks on a U.S. military facility in Bahrain.
Europe will send a team of diplomats to Ukraine peace talks rather than a single envoy, EU leaders agreed on Friday at the end of a summit in Dublin.
Afghanistan’s Ministry of Education has challenged a United Nations report on access to education, saying its findings do not reflect the full picture of the country’s education system.
Azerbaijan plans to allocate 150 million manat ($88.2 million) to international investment and development funds in 2027, according to the Chamber of Accounts' assessment of the country's draft state budget.
Jensen Huang’s abrupt resignation as Nvidia’s chief executive has rattled global technology markets, sent Chinese AI stocks tumbling and fuelled concerns over tighter U.S. chip export restrictions.
Azerbaijan's non-oil and gas exports, excluding non-monetary gold, rose 20.8 per cent year-on-year to $3.6 billion in the first 10 months of 2026, according to preliminary figures released by the Center for Analysis of Economic Reforms and Communication (CAERC) on Thursday.
Nvidia's board is scheduled to meet to decide whether to remove CEO Jensen Huang following reports of extramarital affairs, including one involving a woman suspected of links to Chinese intelligence, as U.S. lawmakers intensify scrutiny of the chipmaker's exports to China.
Calls for Nvidia CEO Jensen Huang to resign are growing amid national security concerns, raising questions about the future of the AI chip giant. With billions in quarterly revenue, no announced successor and investors already reacting to the controversy, what happens if its co-founder steps down?
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