We want to improve halal industry, says Organization of Islamic Cooperation chief

Tatarstan President Rustam Minnikhanov received OIC Chief Yousef bin Ahmad Al-Othaimeen at his house in the capital Kazan on Thursday. (SPA)
Updated 10 May 2018
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We want to improve halal industry, says Organization of Islamic Cooperation chief

  • Al-Othaimeen explained that OIC’s many activities have largely benefited from the increased interaction between the organization and Russia.

JEDDAH: Secretary-General of the Organization of Islamic Cooperation (OIC), Yousef Al-Othaimeen, has underlined the OIC’s keenness to cooperate with Russia to bolster trade and investment, including encouraging trade and finance and boost the Halal industry as well as rural and agricultural development.
Addressing the launch ceremony of the 10th International Economic Summit entitled Russia-Islamic World: Kazan Summit 2018, hosted by the Republic of Tatarstan, Al-Othaimeen called for the coordination of executive and legislative mechanisms to facilitate business deals.
He also called for the liberalization of visa processes between OIC member states and the Russian Federation, highlighting that the volume of trade between Russia and OIC member states rose from $34.6 billion in 2014 to $42.5 billion in 2016.
Al-Othaimeen explained that OIC’s many activities, which aim to spread Islamic financial products and youth work, have largely benefited from the increased interaction between the organization and Russia.
He pointed out that Islamic finance assets are projected to increase 7 percent by 2022 after reaching $1.6 trillion in 2016.
Tatarstan President Rustam Minnikhanov received OIC Chief Yousef bin Ahmad Al-Othaimeen at his house in the capital Kazan on Thursday.
He thanked the OIC and expressed his appreciation for its tireless efforts to improve OIC-Russian relations and for its valuable contributions in the Islamic world.
Minnikhanov and Al-Othaimeen agreed to strengthen the existing cooperation in the fields of trade, finance, Halal products, and capacity building.


Crown prince award ‘will build Saudi-Sino cultural bridges’

Updated 22 February 2019
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Crown prince award ‘will build Saudi-Sino cultural bridges’

ARAB NEWS BEIJING: Leading academics and literary talents from Saudi Arabia and China will be honored under an award scheme sponsored by Saudi Crown Prince Mohammed bin Salman.
Saudi Arabia’s Minister of Culture Prince Badr bin Abdullah bin Farhan announced the Prince Mohammed bin Salman Award for Cultural Cooperation between the Kingdom and China during a visit to King Abdul Aziz Public Library at Peking University in Beijing on Thursday.
The announcement was made on the eve of the Saudi crown prince’s visit to China, the latest stop on an Asian tour.
The cultural cooperation award will honor leading academics, translators and high-achievers from the Kingdom and China in the categories: Best scientific research in Arabic, best artistic work, best Chinese-Arabic book translation and vice versa, person of the year, and most influential person of the year in the cultural milieu.
Prince Badr bin Abdullah bin Farhan said: “This partnership is in the name of Crown Prince Mohammed bin Salman and represents the common commitment to build cultural bridges between the two countries, developing cultural exchange, and promoting artistic and academic opportunities for our citizens.”
He said the yearly award will promote language, literature, and Arabic and creative arts in China, and encourage cultural exchange.
The Kingdom and China have a long history of cultural cooperation, including the annual Arabic Arts Festival.
The King Abdul Aziz Public Library at Peking University was inaugurated in 2017 during King Salman’s official visit to China, where he received an honorary doctorate degree.