World Bulletin / News Desk
Turkey can increase its share to 10 percent -- $400 billion -- in the global halal market, said World Halal Summit’s head on Tuesday.
“With our government's policies and the efforts of the private sector, we can raise our share of the global halal market to 10 percent -- $400 billion in a short period of time,” Yunus Ete told Anadolu Agency.
The World Halal Summit Istanbul (WHSI) and the 5th Organization of Islamic Cooperation (OIC) Halal Expo would be held under the auspices of the President Recep Tayyip Erdogan on Nov. 23 in Istanbul.
Ete said that the world halal sector has almost reached $4 trillion, of which $2 trillion is “Islamic Finance”, $1 trillion “Halal Food Industry”, $250 billion “Halal tourism”, and the rest is medicines cosmetics and textiles.
“Turkey's share of the world's halal sector varies between 2 percent and 5 percent. Our country's share of the Islamic market is about $100 billion”, Ete added.
Ministers and representatives from 57 countries will join the summit and expo, of which Anadolu Agency is the global communications partner.
More than 7,500 people with 150 top brands, institutions and organizations from over 80 countries are expected to attend the summit and expo.
BIST 100 up 0.18 percent while USD/TRY exchange rate climbs over 3.8
Unemployment rate in October fell 1.5 percentage point year-on-year, says TurkStat
BIST 100 drops 0.31 percent to open at 114,286.27 points on Monday, US dollar decreases to 3.75 Turkish liras
U.S. Treasury Secretary says he wants to make sure bitcoin does not become a ‘digital Swiss bank account’
About 12 minutes into trading, the Dow Jones Industrial Average was at 25,675.70, up 0.4 percent.
BIST 100 rises 0.30 percent to open at 115,062.79 points on Friday, US dollar/lira, euro/lira exchange rates go down
Food Price Index gains 8.2 percent year-on-year in 2017, reaching highest annual average since 2014
Gas prices also rising in US, forecast to hit highest levels since 2014
BIST 100 rises 0.65 percent to open at 114,329.36 points on Thursday
‘We think the recovery is firm and the momentum is there says World Bank Development Prospects Group Director
Fiscal, monetary policies pushed economy 'to a much stronger-than-expected rebound in growth,' bank says
BIST 100 drops 0.18 percent to open at 114,812.31 points on Wednesday
Amazon founder’s fortune grew to $105.1 billion after company’s shares increase again
BIST 100 index up 0.01 pct; US dollar/Turkish lira exchange rate drops to 3.7470
BIST 100 gains 0.75 percent; US dollar-Turkish lira exchange rate hovers at around 3.74; euro-lira rate falls to 4.49