Iran says 'agreement within reach' with Oman on Hormuz Strait reopening
Iran says it is holding “positive” talks with Oman on reopening the Strait of Hormuz to shipping traffic, while an official source familiar with t...
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.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 5th of August, covering the latest developments.
U.S. President Donald Trump said there was an "all-day negotiation" on Tuesday with Iran, characterising the talks positively while also threatening to hit Iran "really hard" if a deal was not reached.
Tehran had made plans to strike sites in Ukraine after Kyiv attacked an Iranian cargo ship in the Caspian Sea, a senior Iranian military adviser has said. Iran refrained from taking action after Kyiv said the strike was a mistake, Mohsen Rezaei told the state IRIB TV channel.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 4th of August, covering the latest developments.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Rising trade across the Caspian Sea is strengthening Georgia’s role as a logistics hub and could help the country develop higher-value industries, according to the Asian Development Bank (ADB).
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
SK Hynix reported record quarterly profit on Wednesday, but its shares slumped 10 per cent after the South Korean chipmaker fell short of investor expectations built around the artificial intelligence (AI) boom.
Oil prices have fallen more than six per cent as a pause in U.S.-Iran hostilities eased fears of wider supply disruption around the Gulf.
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