GCC Halal food imports set to jump to $53bn by 2020

Updated 08 November 2014
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GCC Halal food imports set to jump to $53bn by 2020

The annual 9th Dubai International Food Safety Conference and Exhibition (DIFSC), being held in Dubai from tomorrow until Nov. 11, is organized by the Food Control Department of Dubai Municipality with the support of International Association for Food Protection (IAFP), International Union of Food Science and Technology (IUFoST) and Institute of Food Technologists.
The importance of this conference is the global food supply, which is getting increasingly complex. The increase of food safety challenges and reports of widespread food-borne illnesses require individuals and organizations to collaborate and collectively work to address them.
The conference aims discuss how people protect the highly complex and growing global food supply chain with innovation and a strong desire to change the way things are done to create a better future, according to its organizers.
"Halal food will be the focus of attention of this year’s conference,” said Hussain Nasser Lootah, director general of Dubai Municipality.
He said: “Halal food has an estimated annual global market value of $1 trillion, which equates to approximately 20 percent of a global food market predicted to reach $5.3 trillion by the end of 2014. Halal food imports into the GCC are set to jump from $25.8 billion in 2010 to $53.1 billion by 2020.”
He added: “Halal food imports into the UAE annually will reach $8.4 billion by the end of the decade.”
Khalid Sherif, director of food control department at Dubai Municipality, said: "This new initiative represents an engaging, value-added proposition for our global network of food manufacturers and traders.”
Halal food, according to the Food and Agriculture Organization of the United Nations (FAO), is defined by Islamic law as lawful food permitted for consumption.
Halal food cannot consist of or contain anything which is considered unlawful under Islamic law and there are strict criteria governing the entire supply chain - from slaughtering of animals, processing and transportation to kitchen preparation and storage, he added.
The principal food inspection officer at Dubai Municipality, Bobby Krishna believes that "the four days at the conference will be spent on learning, discussion and constructive arguments and, above all, paving the way for sharing our responsibilities and challenges."


‘There is no free lunch’, Macron tells tech giant CEOs

Updated 40 min 9 sec ago
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‘There is no free lunch’, Macron tells tech giant CEOs

PARIS: President Emmanuel Macron told executives from the world’s biggest technology firms on Wednesday that he wanted innovation to be a driving force for the French economy, but also that they needed to contribute more to society.
The French leader paints himself as a champion of France’s plugged-in youth and wants to transform France into a “startup nation” that draws higher investments into technology and artificial intelligence. He is also spearheading efforts in Europe to have digital companies pay more tax at source.
Macron’s guest-list included Facebook Inc. Chief Executive Mark Zuckerberg, IBM’s Virginia Rometty, Intel Corp’s Brian Krzanich, Microsoft Corp’s Satya Nadella and a raft of other big hitters in the corporate world.
“There is no free lunch,” he quipped in English to the executives lined up on the steps of the Elysee Palace for a photo call at a lunch meeting. “So I want from you some commitments.”
As Macron spoke, IBM announced it would hire about 1,400 people in France over the next two years in the fields of blockchain and cloud computing.
Ride-hailing app Uber also said it planned to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off criticism over their treatment.
Macron will hold one-on-one talks with Mark Zuckerberg on tax and data privacy on the sidelines of the Tech For Good summit — a day after the Facebook chief executive faced questions from European Union lawmakers.
Those talks will be frank, an Elysee official said ahead of the meeting. While Macron will be pitching France Inc, he will also push his case for a European Union tax on digital turnover and a tougher fight against both data piracy and fake news.
Zuckerberg on Tuesday sailed through a grilling from EU lawmakers about the social network’s data policies, apologizing to leaders of the European Parliament for a massive data leak but dodging numerous questions.
Macron told the executives that business needed to do more in tackling issues such as inequality and climate change.
“It is not possible just to have free riding on one side, when you make a good business,” the French president said.