From halal meal boxes to modest menswear: Top UK Islamic economy trends for 2018

From halal meal boxes to modest menswear: Top UK Islamic economy trends for 2018
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Haute Elan expects growing interest in ‘modest’ male fashion. (Supplied)
From halal meal boxes to modest menswear: Top UK Islamic economy trends for 2018
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Romanna bint Abu Baker, founderof London Modest Fashion Week.(Supplied)
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Updated 30 December 2017

From halal meal boxes to modest menswear: Top UK Islamic economy trends for 2018

From halal meal boxes to modest menswear: Top UK Islamic economy trends for 2018

LONDON: Gone are the days where “halal” shopping referred only to a trip to the local butchers to ask for a special cut. Muslims across the world are increasingly product-savvy, seeking out the latest consumer products that also fit their religious beliefs, spelling a boom in the so-called Islamic economy.
The year ahead ushers in trends for modest garb for men and women, Barbies with mix-and-match abaya wardrobes, and from-scratch meal kits for those who want both a tasty, and halal, dinner.
As the international Muslim population grows, the Islamic economy is expected to grow from $1.24 trillion in 2016 to reach $1.93 trillion by 2022, according to the Thomson Reuters “State of the Global Islamic Economy” report.
In the UK, in particular, which is home to around 3 million Muslims — with 1 million in London alone — the Islamic community is fueling some innovative consumer trends. The UK capital is proving to be an engine of growth for the Islamic economy in the West, with fresh startups emerging every month to tap into growing demand.
Arab News spoke with some of the UK’s top Islamic economy entrepreneurs to find out about some of the hottest trends for 2018.

‘Modest fashion’ for guys
The overall modest fashion industry is thriving in the UK, evidenced by the success of homegrown brands such as Aab and Haute Elan. This trend was crystallized with the launch of London’s first Modest Fashion Week in February 2017, where modern Muslim women flocked to buy everything from modest office wear to sports hijabs.
The trend will dip into the male domain next year, predicted Romanna bint Abu Baker, founder of London Modest Fashion Week (LMFW) and owner of modest fashion boutique, Haute Elan.
“Modesty is no longer the realm of only women. LMFW 2018 will be the start of demonstrating that shift,” Abu Baker told Arab News. “The panels and collections we have on the runway will demonstrate the emergence of the aesthetically-conscious Muslim man. We have seen a surge in applications from men. What is male modesty? Longer shirts to cover the rear, longer shirts and sweats and accessories, including more contemporary styles of … head covering,” she said.

Halal meal kits
The last few years have seen the emergence of halal convenience foods in the UK for busy working Muslims. Walli Datoo, co-founder of Halalnivore, an online gourmet halal meat delivery service, predicts there is more growth in the market as the Muslim meat consumer opens up to different options available.
“We are planning to experiment with a hybrid model between what we already do and a service that similar to a ‘Hello Fresh’ or ‘Gousto’ meal box delivered with halal ingredients,” Datoo told Arab News. “We’ll also be working on our branded ‘supper club’ to help engage consumers.”
The food entrepreneur also predicts more innovation in the restaurant space “where halal-only offerings are trying to set themselves apart from the competition.”
“Casual dining places (burgers and wraps) will be getting really creative with their menus and moving away from the traditional kebab shop and plain burger offerings,” he said.
Noman Khawaja, co-founder of Haloodies, a UK premium food retailer that sells prepared halal meats says technology and social media will play a key part in driving demand for halal food in 2018. “Consumer behavior will also be of key interest to businesses,” Khawaja told Arab News.
Haloodies launched the UK’s first handheld, halal meat snack, ‘2Go’ in the UK in 2017 and Khawaja said the firm has more launches planned for 2018.

‘Hijarbies’ and Muslim dolls
Jessica Robinson, the founder of UK-based modest sports fashion firm Shorsa, predicts steady demand for her additional product line: Muslim dolls.
The company is currently selling Shorso Mini dolls, which come with a handmade abaya and matching hijab and retail for £19.99 ($27).
The firm also sells different modest outfits specifically made for Barbie dolls. The ‘Hijarbie’ handmade outfits come in casual styles and formal styles including ball gowns and wedding dresses with sleeves. “They’re close to selling out and we’re ordering more for next year,” said Robinson.

Halal hotel boom
The UK halal-friendly travel market is growing year-on-year. In recent years, VisitBritain, the UK’s national tourism agency, has been running campaigns to target tourists from the Middle East. According to its figures, the average length of stay and average spend for Gulf markets are higher than the worldwide average.
For example, the average Saudi visitor stays for 16 nights and spends £2,370 in the UK. This compares favorably with the overall average figures for international visitors at seven nights and £599 spend respectively.
“One of the big attractions for this market in London is its choice of world cuisine halal restaurants; our guests enjoy eating out and spending money in the various halal restaurants in London. Together with other factors, such as great museums, parks and shopping streets and malls, these are hugely important factors for halal-conscious travelers to travel to London,” said Ufuk Seçgin, chief marketing officer at UK-based global travel booking site HalalBooking.com.
Seçgin predicts that more London hotels will offer basic halal-friendly services in 2018, such as the removal of alcoholic drinks from the minibar in the guest’s room, provision of prayer mats or halal food options on the hotel’s restaurant menus.

Mainstream at last
Haroon U B Latif, head of insights at research firm Dinar Standard, says he is “bullish” on the UK economy for 2018.
“The UK halal ecosystem will grow its international footprint and halal food will lead the charge at home — you’ll see halal becoming more available in mainstream outlets,” the analyst said.
Latif predicts there will be at least one “significant” private equity investment in a halal food company in 2018.


Dubai real-estate transactions surge 43% in March as sector rebounds

Dubai real-estate transactions surge 43% in March as sector rebounds
Updated 23 April 2021

Dubai real-estate transactions surge 43% in March as sector rebounds

Dubai real-estate transactions surge 43% in March as sector rebounds
  • The value of property transactions jumped 40 percent YOY in March
  • Real-estate agents earned 392 million dirhams in commission in Q1

RIYADH: Dubai real-estate transactions jumped 43 percent year over year in March 2021 to 6,590 as investors flooded back into the sector.

The value of sales rose 40 percent to 22.9 billion dirhams ($6.2 billion), according to the real estate bulletin issued by Dubai Land Department (DLD), WAM reported. The number of transactions was the second highest monthly total since February 2017.

The bulletin highlighted continued attractiveness of the real estate sector to new investors, with 5,683 entering the market in Q1 2021, representing 64 percent of the total number of investors in the period.

The value of commissions achieved by active real estate brokers reached 392 million dirhams in Q1 2021, while 143,374 rental contracts were recorded in Q1 2021, 57 percent of which were new contracts and 43 percent were renewed.

The bulletin highlighted the top five areas for investor attractiveness. In villa sales, Hadaeq Sheikh Mohammed Bin Rashid topped the list in Q1 2021, followed by Wadi Al Safa 5, Wadi Al Safa 7, Nad Al Sheba 1, and Al Thanyah Fourth. In apartment sales, Dubai Marina, Palm Jumeirah, Business Bay, Burj Khalifa, and Al Merkadh topped the list in Q1 2021.

Sales of luxury villas, sea-view apartments and second-hand family houses jumped in March, re-energizing a property market that saw a sharp fall in activity at the height of the pandemic and had been in a five-year slump prior to that, Reuters reported at the time.

S&P Global credit analyst Sapna Jagtiani does not expect Dubai’s real estate market to recover to pre-pandemic levels until next year, the agency said.


Red Sea Project uses smart light systems as it seeks dark sky accreditation

Red Sea Project uses smart light systems as it seeks dark sky accreditation
Updated 23 April 2021

Red Sea Project uses smart light systems as it seeks dark sky accreditation

Red Sea Project uses smart light systems as it seeks dark sky accreditation
  • Smart systems help reduce waste and minimize light pollution
  • Red Sea Project wants to be certified by the International Dark Sky Association

RIYADH: All Red Sea Project assets, including resorts, hotels and facilities, run through smart control systems that allow enough light as needed while being careful to save energy consumption and reduce waste, said Myriam Yaniz, director of lighting management at the company.

Red Sea Project is using the technology as it looks to be certified as an International Dark Sky Place by the International Dark Sky Association.

The company reviews different scenarios to know the adequate amount of lighting required during different times of the day and during the different seasons, Yaniz told Al Eqtisadiyah paper, during the World's Earth Day celebration on Thursday.

"At the design stage and during the first meeting of any destination project, our night vision is conveyed to our team of consultants and provided with our list of criteria to ensure that the work is carried out accordingly," she said.

Red Sea Project is a land and property development on Saudi Arabia’s Red Sea coast announced by the Saudi Crown Prince Mohammad bin Salman in July 2017.


Saudi bank deposit growth accelerated to 11-month high in February

Saudi bank deposit growth accelerated to 11-month high in February
Updated 23 April 2021

Saudi bank deposit growth accelerated to 11-month high in February

Saudi bank deposit growth accelerated to 11-month high in February
  • Bank deposit growth was the fastest since March 2020

RIYADH: Bank deposits in Saudi Arabia grew during February at the fastest pace since March 2020 as the economy continued to rebound from the coronavirus pandemic.

Deposits reached SR1.96 trillion ($522.5 billion) at the end of February, an increase of 1.83 percent, the most since the previous March’s 1.92 percent gain, Al Eqtisadiah reported, citing SAMA data.

On an annual basis, bank deposits in Saudi Arabia increased by 10.2 percent, or SR180.47 billion. Individual and corporate deposits, which made up 74.6 percent of total deposits, increased by 9.8 percent year over year.

Demand deposits increased 14.2 percent to SR1.29 trillion in the 12 months to the end of February, making up 88 percent of total deposits with savings and foreign deposits accounting for the rest.


Egypt and Russia agree to resume all flights, including to resorts

Egypt and Russia agree to resume all flights, including to resorts
Updated 23 April 2021

Egypt and Russia agree to resume all flights, including to resorts

Egypt and Russia agree to resume all flights, including to resorts
CAIRO: Egypt and Russia have agreed to resume all flights between the two countries in a call between their presidents, Abdel Fattah El-Sisi and Vladimir Putin, Egypt’s presidency said in a statement.
Flights to resort destinations Sharm Al-Sheikh and Hurghada were suspended after a Russian passenger plane crashed in Sinai in October 2015, killing 224 people.
The Egyptian statement did not specify a timeline for the resumption of flights, but Russia’s Interfax news agency reported this week that flights could resume in the second half of May.
An Airbus A321, operated by Metrojet, had been taking Russian holiday makers home from Sharm el-Sheikh to St. Petersburg in 2015, when it broke up over the Sinai Peninsula, killing all on board. A group affiliated with Daesh militants claimed responsibility.
The decision to resume flights followed “the joint cooperation between the two sides on this issue, and based on the standards of security and convenience provided for visits at Egyptian tourist destination airports,” the statement said.

Egypt raises domestic fuel prices for first time since subsidy reform

Egypt raises domestic fuel prices for first time since subsidy reform
Updated 23 April 2021

Egypt raises domestic fuel prices for first time since subsidy reform

Egypt raises domestic fuel prices for first time since subsidy reform
  • Egypt lowered fuel prices in October 2019 following protests
  • Egypt phased out fuel subsidies on the advice of the IMF

RIYADH: Egypt’s price-setting committee raised domestic fuel prices on Friday for the first time since it was formed in October 2019 following the completion of subsidy reforms, the petroleum ministry said in a statement.

Prices were last raised in July 2019 when Egypt, a net oil importer, finished phasing out subsides on fuel products as part of a reform program backed by the International Monetary Fund. Prices had remained stable over the past year after being lowered in April 2020 and October 2019.

The prices of 80-octane, 92-octane, and 95-octane fuel were raised by 0.25 Egyptian pounds each, to 6.25 Egyptian pounds ($0.40), 7.5, and 8.5 pounds per liter, respectively, the statement said.

The pricing committee’s mechanism links energy prices to international markets, and takes into account the exchange rate as well as the impacts of the coronavirus pandemic, the statement said.

Egypt lowered fuel prices in October 2019 following several rounds of price hikes as part of an austerity program that triggered discontent, including protests against President Abdel Fattah El-Sisi.