State of the Global Islamic Economy Report 23/2024: A $142 Billion Opportunity
Highlights: The State of the Global Islamic Economy 2023/24 Report underscores the significant growth and potential in the halal pharmaceutical industry. In 2022, Muslim consumer spending on pharmaceuticals reached a substantial $108 billion, marking a 7.8% increase from the previous year. This spending is projected to reach $142 billion by 2027, with a compound annual […]
UAE’s Prime Healthcare Wants to Make a Breakthrough into Halal Pharmaceuticals
Highlights: In 2022, Prime, a UAE-based healthcare company, entered into a partnership with Pharmaniaga Partners, a prominent name in the industry from Malaysia. Under the agreement, Prime has gained the rights to register, import, market, sell, and distribute pharmaceutical products from PMB, a Pharmaniaga-owned entity. PMB is a halal-certified manufacturing plant by the Department of […]
BRICS expansion: What’s in store for the global halal industry?
Highlights: The BRICS group is expanding by admitting six new countries, including Argentina, Saudi Arabia, Egypt, UAE, Ethiopia, and Iran. This decision was made during the 15th BRICS summit in Johannesburg, South Africa. The expansion is seen as a strategic move to reshape global trade and the economic landscape. It’s based on the economic potential […]
State of the Global Islamic Economy Report 23/2024: A $142 Billion Opportunity
Highlights: The State of the Global Islamic Economy 2023/24 Report underscores the significant growth and potential in the halal pharmaceutical industry. In 2022, Muslim consumer spending on pharmaceuticals reached a substantial $108 billion, marking a 7.8% increase from the previous year. This spending is projected to reach $142 billion by 2027, with a compound annual growth […]