Recover your password
Enter your email that you login with, for the instructions to be sent to your registered email.
Sign in
Reset Password

You can also sign in using your account in one of the social networks.


Create account for free and enjoy unlimited access to exclusive industry insights and reports

Create a New Account
  • News
  • Insights
  • Companies
    Companies Database Companies Ranking
  • Market Reports
  • Tools & Resources
    Infographics Events and Courses Announcements SGIE Dashboard
Logo
  • Halal Industry
  • Islamic Finance
  • Islamic Lifestyle
  • OIC Economies
Sign In Create Account

Sign In Create Account

  • Halal Industry
  • Islamic Finance
  • Islamic Lifestyle
  • OIC Economies

  • PREMIUM REPORTS
  • News
  • Insights
  • Companies
    Companies Database Companies Ranking
  • Market Reports
  • Tools & Resources
    • Infographics
    • Events and Courses
    • Announcements


Home / Insights

Featured Insights

OIC Economies

Is Iran teetering on the economic brink?

23 Jan 2026
Insight

OIC Economies
Gaza crisis: How Palestinians are braving the employment fallout
16 Jan 2026
Insight

OIC Economies
What does the future hold for the Abraham Accords?
31 Dec 2025
Insight

OIC Economies
How a marketing agency is taking the Palestinian cause global
15 Dec 2025
Insight

Halal Industry
Tech-powered precision medicine gains ground across OIC countries
07 Nov 2025
Insight

OIC Economies
Will US tariffs prompt India to pivot to the GCC?
24 Oct 2025
Insight


All Other Insights
OIC Economies
Is Iran teetering on the economic brink?

Iran’s government may be under stress, but it retains coercive stability, according to analysts.  

“The regime is under very strong pressure, certainly. The most problematic is the leadership succession, which has no obvious answer. We may therefore yet see some changes, but I think we’re far away from a collapse in the government’s ability to provide basic services and maintain a monopoly on the use of force within the territory,” Vladimir Gorshkov, macro policy strategist at State Street Investment Management tells Salaam Gateway. 

Conflict sparked in Iran on December 28 when protests broke out in two major markets in the country’s capital, Tehran, after a spike in inflation pushed food prices higher. The head of Iran’s central bank resigned the following day as demonstrations spilled over to other cities.

“Iran is experiencing administrative failure (collapse of services and currency) but retains coercive stability. The security apparatus remains cohesive and loyal,” Khaled Al Terkawi, an economist advisor at Etunum tells Salaam Gateway. 

Iran has been contending with challenges emanating from economic sanctions, political turmoil and fiscal deficits for years. US President Donald Trump reimposed sanctions during his first term in 2018 while the United Nations reimposed its sanctions last September. The country’s social and economic plight was exacerbated with Israeli and American airstrikes targeting its military brass and nuclear sites last June.

The country’s economic woes continue - the International Monetary Fund forecasts Iran’s economy to grow 1.1% this year and 1.6% in 2027, in its January report. The figures remain unchanged from the fund’s October 2025 projections. 

In its last October regional economic outlook report for the Middle East and Central Asia, the fund projected Iran’s government debt to increase to 36.4% of its GDP in 2026, and 39.3% by 2030. Meanwhile, inflation has more than doubled in the last five decades, from 20.6% in 1980 to 42.4% in 2025. 

“The sanctions imposed on Iran, coupled with the scale of its military spending have all contributed significantly to the weakening of the currency,” adds Terkawi. 

“Consequently, the currency is currently in its worst state, and this decline is perhaps the root cause of most of the problems. Therefore, addressing inflation will primarily involve tackling the currency collapse and, on the other hand, reducing the government's excessive spending on unproductive matters.”

Iran’s 2026 draft budget presented to its parliament days before the protests began, proposed a 2% rise in value-added tax from 10% to 12%, with Iranian consumers and employees expected to assume the maximum weight of the tax rise. The proposal suggested a 20% increase in salaries for government employees and retirees, against an inflation rate of more than 40%.  

Iranian rial fell from 1.12 million to $1 on December 12 to 1.43 million to $1 on December 28. It traded at an all-time low of 1.48 million to $1 on January 6, according to Bonbast.com, a website that tracks live exchange rates in Iran’s free market.    

“The sharp depreciation is a massive loss of purchasing power for the population; a sad reality that will be all too familiar. The sell-off has an element of panic. Seeing the currency slide has prompted capital flight; people buying gold, USD, stablecoin -- to preserve the value of their savings,” says Gorshkov.  

Terkawi believes the rial's decline to around 1.5 million against the dollar indicates a structural, not merely technical, bottom. It reflects long-term expectations and a complete erosion of confidence, leading to rapid memory loss and the dollarization of the economy.

President Trump has threatened to impose a 25% tariff on countries that do business with Iran, complicating the country’s economic abyss. Gorshkov feels that imposing such a tax would conflict with other objectives.

“It’s not clear yet what how the administration aims to implement these, if at all, as imposing the tariff would conflict with other foreign policy objectives. For example, China is Iran’s largest export destination, but to slap a new tariff on that relationship risks upending the ongoing trade truce.”

“This suggests selective implementation at best and probably just the threat thereof. It will therefore not a game-changer. But in a world where Iran can use every marginal dollar that it can get its hands on, it matters,” adds Gorshkov.    

The new tariffs, however, will act as secondary sanctions, punishing third parties for trading with Iran, notes Terkawi. 

“This exacerbates the crisis by forcing deeper discounts on Iranian oil exports (slashing revenue despite volume) and severing supply chains for basic goods, further fueling inflation and panic.”

The Iranian government’s directive to sever internet services on January 8 has compounded the country’s economic plight, costing the economy tens of thousands of dollars in financial loss. 

Iran’s deputy minister of communications and information technology, Ehsan Chitsaz, put the economic cost of the internet outage at $2.8 million to $4.3 million a day, according to Iran’s state-run news agency IRNA. 

Actual costs may be significantly higher, with NetBlocks, a digital governance and connectivity tracker, reportedly estimating that internet shutdown could costs the country over $37 million each day. 

Root and branch reform 
Terkawi suggests that the currency needs to regain confidence, not just undergo a change. Moreso, a comprehensive financial audit is necessary. 

“The government must immediately address the absence of financial action task force recommendations to release foreign oil reserves and their associated interest. Without foreign currency inflows, this monetary opportunity becomes ineffective.”

The government must cease deficit financing (financial printing and debt guarantees). Without these structural corrections, superficial measures like redenomination (removing zeros) become practically ineffective, he adds. 

23 Jan 2026
Insight
OIC Economies
Gaza crisis: How Palestinians are braving the employment fallout

For many Palestinians, the prospect of securing stable work now feels more distant than ever. After more than two years of relentless war in the Gaza Strip, local job opportunities have all but vanished, while access to the global labour market remains limited to a small number of highly qualified professionals.

In the West Bank, nearly one-third of men and women were unemployed in early 2025, according to the International Labour Organization. In Gaza, the situation is far worse, with government data showing unemployment soaring to almost 68% by the end of 2024.

The war has wiped out most sources of income. Local organisations have shut down, and the commercial sector - shops, bakeries, and small businesses - has been nearly destroyed. The collapse has affected both seasoned professionals and a generation of young people graduating in devastation.

“Although Palestinians are incredibly skilled - they’re amongst the highest educated in the region with an almost 20-year tradition of monetising skills online - they face additional challenges,” Kathrine Nicolaisen, founder and CEO of Olives & Heather, a remote-first, Palestinian social-impact marketing agency, tells Salaam Gateway.

Those who completed their studies between 2023 and 2026 are entering a labour market that barely exists. 

“That is four graduating cohorts, each numbering in the thousands. Imagine all these young people entering a devastated job market,” Farah Alejil, humanitarian programs officer at Gaza-based NGO AlAnqaa Association for Community Development tells Salaam Gateway. 

Alejil graduated just months before the war began. “The public sector is non-operational, the private sector is barely functioning, and while the international job market remains active, it demands exceptionally high qualifications and at least five years of experience,” she adds. 

Battling the perception of instability

One of the most persistent obstacles is perception. Employers - particularly international ones - often hesitate to invest in Palestinian talent due to assumptions about instability, reliability, and infrastructure.

“Sure, during active war Palestinians and especially Gazans will not be working at 100% capacity, but they’re extremely flexible and motivated, and will find ways to make things work,” says Nicolaisen.

Alejil says this reluctance is widespread in remote hiring. “Foreign employers think twice before hiring people from Gaza because of concerns around financial transfers, productivity, and their ability to deliver work consistently - simply because they’re based in Gaza.” 

“That said, some employers are willing to take the risk, and when they do, the impact can be significant. Even if just 20 people are hired out of a thousand, those 20 often go on to train and employ others, creating a ripple effect that supports entire households.”

Infrastructure gap

Even when jobs are theoretically available, the basic conditions needed to work remotely are often missing. Many students completed their education entirely online during the war, yet lack access to stable electricity, Internet, or professional training in how to find and sustain remote work.

“Over the past two years, Internet access has been repeatedly cut off. Electricity is rarely available,” says Alejil. 

“I personally have an external power line, but many people don’t even have an electricity connection. How can remote workers function under these conditions?”

The disruption has stalled the careers of experienced professionals as well. Senior developers who once juggled multiple international clients now find themselves with one - or none. Long-standing contracts have been terminated, and entire outsourcing branches shut down.

“Some youth-led workspaces exist, supported by external funding, but there are thousands of graduates, and these spaces can only accommodate 20 to 30 people at a time,” adds Alejil.

“Even then, the Internet is not always stable. Internet access is beyond our control - the lines are largely supplied from the Israeli side and can be cut off from all of Gaza at any time.”

Nicolaisen points to the extraordinary measures many Palestinian remote workers take just to stay online - combining solar panels, car batteries, and eSims to generate power and secure Internet access.

Payment barriers 

Getting paid remains another formidable challenge. Financial restrictions and exclusion from international aid initiatives continue to isolate Palestinian workers from the global economy.

“Even initiatives launched to serve refugees and displaced communities exclude Palestine,” says Nicolaisen. “All of these factors combined makes it very hard for Palestinians to access the international job market.”

She adds that basic survival needs - housing, safety, and mental health - place an enormous burden on freelancers trying to maintain professional commitments amid ongoing trauma.

Alejil echoes this reality. “For entrepreneurs, private loans are nearly impossible to obtain, and even professionals working for international organisations struggle to receive their salaries. Western Union is blocked throughout Gaza, and wire transfers are extremely difficult.”

As a result of these challenges, a lot of digital employees have been let go by their employers over the past two years, according to Nicolaisen. 

“Rather than adjusting, they decided to cut ties and even close down whole outsourcing branches.”

Training, placement, and local solutions

Despite the scale of the crisis, some organisations are working to rebuild pathways into employment. 

Olives & Heather collaborates with local and international tech startups and ecosystem builders - including Gaza Sky Geeks, the Palestinian IT Association, and social enterprise BuildPalestine - to train and place Palestinian marketers and designers.

BuildPalestine has intensified its efforts, recently launching a $1.2 million fundraising campaign aimed at tripling the number of impact-driven businesses it supports - from 25 today to 65 enterprises by 2028 - signalling a longer-term commitment to economic resilience.

Complementing these initiatives, educational programmes such as Axsos Academy, a Palestinian coding bootcamp, equips talent with the skills needed for online work, while recruiters including Foras, MENA Alliances, and TAP play a critical role in connecting Palestinians to job opportunities.

Axsos Academy recently partnered with US-based NGO HEAL Palestine to launch 50 fully funded tech scholarships for youth from Gaza, offering a tangible pathway to skills development and employment amid the ongoing crisis.

Nicolaisen believes the tech sector offers the most immediate potential for job creation in Palestine.

“The tech sector is already contributing 4% to the Palestinian economy, and the potential is infinite,” she says.

“All Palestinians and Gazans need to start making an income and rebuild their lives is a laptop and an Internet connection.”

At the local level, organisations like AlAnqaa Association are often more effective than large international NGOs, according to Alejil.

“They hire from within the community - people with experience, though not necessarily elite qualifications - bringing in fresh graduates, supporting and training them, and gradually increasing their responsibilities.”

“Today, we have 72 employees, which is a significant achievement for a local organisation,” she says. “About 12 are permanent full-time staff, and the rest part-time.”

AlAnqaa recently launched a mobile physiotherapy outreach programme, employing newly graduated physiotherapists to provide care to injured citizens in their homes. The organisation is also preparing to establish a workspace to support both local employment and online work in Gaza.

A workforce in waiting 

The crisis facing Palestinian workers is not a shortage of talent, ambition, or work ethic - it is a crisis of access, infrastructure, and imagination. 

Palestinians have spent decades building skills for the digital economy, only to be locked out at a time they need it most.

Yet within this bleak landscape, small but significant interventions are proving that employment is possible when flexibility and trust are prioritised. 

From community-led NGOs to remote-first tech initiatives, these efforts offer a blueprint for how global employers, donors, and policymakers can move beyond sympathy toward meaningful inclusion.

16 Jan 2026
Insight
OIC Economies
What does the future hold for the Abraham Accords?

The year 2020 was a watershed for geopolitics as the world watched the UAE and Bahrain normalize relationships with Israel under the US-brokered Abraham Accords. Announcements on Kosovo, Sudan and Morocco, signaled the beginning of broader Israeli integration into the Arab world. 

The world and the Middle East, in particular, has gone through the wringer since, plagued with disrupted supply chains, the Gaza conflict, and centennial high trade tariffs. Furthermore, rising nationalism, deep ideological divides and power shifts have left the world reeling.  

Hence, what was billed as the beginning of transcontinental trade corridors, mending of schisms and greater financial and economic integration has instead been marked by a hardening of positions, fueled by Israel’s war and conduct in Gaza and the indiscriminate attack on several Middle Eastern countries.  

Fruits of labour 
The Abraham Accords were inked with a new beat of hope and integration with the establishment of several forums and pacts. The UAE-Israel comprehensive economic partnership agreement - the largest between Israel and any Arab country - was arguably the most prominent, seeking to boost bilateral trade to over $10 billion over five years.

“The past five years have demonstrated the tangible benefits of peace. Trade between Israel and the UAE reached over $3.2 billion in goods last year, not including government-to-government transactions or software and services. Investments have surpassed $5 billion, and more than two million Israelis have travelled to the UAE since normalization,” said Amir Hayek, the first Israeli ambassador to the UAE, in an article published in the Atlantic Council’s September issue brief.  

“These are not abstract statistics; they represent millions of human interactions and billions of dollars driving growth on both sides,” added Hayek.

The Negev Forum was another initiative, convening Bahrain, Egypt, Morocco, the UAE, the US, and Israel, on matters of regional security and economic cooperation. The UAE, US, India and Israel created the I2U2 Group in 2022, focusing on joint investments and new initiatives followed by the development of the India-Middle East-Europe Economic Corridor (IMEC) a year later. 

Accumulated trade between Israel and the Abraham Accord countries, including the UAE, Bahrain, Morocco, Sudan, Egypt, Jordan and Kosovo, exceeded $4 billion in 2023, up 16% on 2022, the Abraham Accords Peace Institute (AAPI) said in its 2023 Annual Report. 

…..remain shrouded in doubt
However, the Gaza war has put most of those initiatives under a shadow of doubt. 

“The Abraham Accords have survived, but they have changed [in] nature. So, the Abraham Accords are no longer a peace project. They have become a security and resilience framework,” said Ilan D. Scialom, director of strategy, Zalis & European Observatory of the Abraham Accords, during a webinar hosted by the New Lines Institute for Strategy and Policy.  

“You can’t stabilize regional economies while Gaza keeps burning every two years. Peace without Palestine narrative is bankrupt” he added. “We are entering what I call Abraham Accords 2.0 – not a sequel but a recalibration.” 

Is the future in the balance?
New countries keen or even agreeing to join the Abraham Accords is on the cards. Kazakhstan has agreed in principle to join last month, becoming the first country in US President Donald Trump’s second term to do so. 

Sir Liam Fox, Chairman, Abraham Accords Prosperity Group, said that there is a change in the mindset of how people now see the Gulf region as one of opportunity. “This is the moment, this is the time for investments in this region,” he said at a summit. 

However, experts suggest that the vision of an integrated Middle East is contingent on a peaceful Palestine narrative. 

“The impact and aftermath of October 7 have reverberated around the region, making further progress on normalization more complicated. They have also underscored how the domestic and strategic interests of key regional players are still deeply intertwined with the Israeli-Palestinian conflict,” Yael Lempert, former US ambassador to Jordan said at a policy forum held by the Washington Institute. 

“The vision of an integrated Middle East will not be fully realizable without a pragmatic vision for resolving this conflict in a way that includes a viable future Palestine.”
 

31 Dec 2025
Insight
OIC Economies
How a marketing agency is taking the Palestinian cause global

Kathrine Nicolaisen, a Danish marketeer, and founder of Olives & Heather, was fuelled by a sense of justice and, one part ire, to form a remote-first marketing agency, in an attempt to showcase Palestinians on the world employment map. 

She speaks with Salaam Gateway on creating awareness, showcasing Palestinian talent regionally and globally and uplifting the indigenous society. 

Talk us through your journey of creating Olives & Heather?
I’m originally from Denmark but have been living abroad since I was 19. I built my career as a marketeer working in tech, but after my first trip to Palestine in 2018, I started looking for ways to get involved with the Palestinian cause. I was driven largely by a great sense of indignation, and wanted to offer support in a meaningful and relevant way.

At first, I spent a year working remotely for a Palestinian civil society organisation supporting their marketing efforts but then made the move to Palestine in 2020 to spend six months volunteering.

         Kathrine Nicolaisen, CEO of Olives & Heather 

From there it snowballed: I landed a consultancy gig with another civil society organisation, I got a job with an American NGO operating out of Gaza, and by December 2021, I transitioned into what is now Olives & Heather. 

At first, I thought I would work as a marketing strategist supporting Palestinian startups, but as time went on, there was demand not only for strategy but hands-on execution, too.

That’s when I realised that the potential impact of Olives & Heather would be across three pillars: supporting Palestinian founders, amplifying Palestinian voices through advocacy work, and creating alternative job opportunities for Palestinian marketeers and designers.

The latter turned out to be the more significant part. 

How is the company creating opportunities for the next generation of Palestinian professionals?
Palestinian youth are amongst the highest educated in the region. The literacy rate is near 100% - 70% have attended university, and the level of English spoken across Palestine is exceptionally high for the region.

On top of that, Palestine has a long tradition of digital work dating back to the 90’s, when the first software companies were launched, followed by a wave of entrepreneurship, startup, and freelance culture after the 2007/2008 Gaza war.

In Gaza alone, tens of thousands of young people have been making a living online for years, so the talent and skills are already there. All they need is a chance, and that’s where Olives & Heather comes in. 

We’re a remote-first marketing agency with a team of 15 people, mostly women, working from locations such as Ramallah, Jericho, Tulkarem, Gaza City, Deir Al Balah, etc. 

Staying connected with the Palestinian tech community, whilst working with local tech startups and ecosystem builders is our bread and butter. However, over the last two years, we’ve greatly expanded and we now work with tech companies, startups, and ecosystem builders globally. 

What are the key impediments in promoting Palestinian talent?
Challenging stereotypes and reframing the narrative is a central part of our job. Over the years we’ve worked closely with key ecosystem players like Gaza Sky Geeks, the Palestinian IT Association, BuildPalestine, and many accelerators and tech upskilling initiatives.

Key obstacles and misconceptions tend to be rooted in a fear of investing in an unstable workforce and infrastructure, scepticism towards education and skills level, but also the fact that Palestinian labour is twice as expensive as its neighbouring countries Egypt and Lebanon, and 3-5 times more expensive than traditional Far East outsourcing destinations. 

This means that not only does Palestinian talent have to deliver excellent work, they have to go above and beyond from a service aspect in order to compete - and that was before the war in Gaza. 

Olives & Heather’s role is to attract international clients, creating opportunities for Palestinian talent that did not exist otherwise. 

Our duty is towards our team, but the team also understands that with every project, every client comes a responsibility to do your absolute best - not for Olives & Heather - but to pave the way for more opportunities to come.

Our greatest success is not just how many jobs we can directly create for Palestinian marketeers and designers, but our wider impact across the Palestinian tech ecosystem. 

What are the company’s key goals for 2026? 
Prior to the war, the youth unemployment rate in Palestine was estimated to be between 50-70%, meaning local opportunities were not just scarce - they were almost non-existent.

With the ceasefire in place, we are seeing a surge in Gaza-based freelancers looking to return to work. With the Palestinian tech ecosystem being dealt a serious blow, local opportunities are scarce, with freelancers needing all the support and opportunities they can get. 

Our goal as a business is to aggressively grow and expand as much as possible, and we hope to provide stable income for over 100 freelancers by 2028.

All growth to date has been entirely organic, and we are now ramping up our marketing and sales efforts, but we are also exploring alternative funding opportunities from philanthropic investors or business angels.
 

15 Dec 2025
Insight
Halal Industry
Tech-powered precision medicine gains ground across OIC countries

Precision medicine is fast emerging as a transformative force across the Organisation of Islamic Cooperation (OIC) countries. 

By harnessing breakthroughs in genomics, biotechnology, and artificial intelligence, these nations are laying the groundwork for a future of personalized prevention and treatment.

Several Muslim-majority nations are developing large-scale, population-specific genetic databases to tackle regional health challenges — particularly inherited and chronic diseases.

While disparities in infrastructure and research capacity persist, growing investments in biomedical innovation, digital health, and scientific training are positioning OIC countries to enhance health outcomes, lower costs, and strengthen self-reliance in medical science.

“The rise of individualized medicines is going to be a massive boom for the pharmaceutical industry - imagine a future where treatments are tailored to the unique genetic and biological makeup of each of the planet’s eight billion people,” Richard Staynings, chief security strategist at US-based Cylera, tells Salaam Gateway.

To make large-scale personalization feasible and affordable, he adds, the sector will need to embrace “advanced automation, artificial intelligence, and data-driven manufacturing at unprecedented levels.”

Malaysia’s leap into genomic medicine

Malaysia is emerging as a regional leader in integrating precision medicine into its healthcare system through collaboration between academia, government, and the private sector.

In 2024, the Ministry of Science, Technology and Innovation and the Ministry of Health launched the MyGenom Project, to conduct large-scale genome sequencing and build a national genomic reference database that reflects the country’s ethnic diversity. 

“This genomic infrastructure will strengthen Malaysia’s capacity for precision medicine, enabling more accurate disease prediction, personalized treatment, and improved pharmacogenomics,” Fadzhairi Jabar, CEO of Malaysian biotechnology company Arcadia Life Sciences tells Salaam Gateway.

Institutions like the Universiti Kebangsaan Malaysia Medical Molecular Biology Institute are spearheading clinical research on how genetics interact with environmental factors to influence disease, paving the way for tailored healthcare solutions.

Private-sector partnerships are also taking shape. Prudential Malaysia, for example, is working with healthcare providers to include precision medicine in cancer treatment plans, improving accessibility and affordability.

“Growing collaboration among government, academia, and industry, and supported by initiatives like the MyGenom Project and Clinical Research Malaysia, is driving progress in genomics, pharmacogenomics, and clinical trials across the OIC country,” says Jabar.

Malaysia’s multicultural makeup - comprising Malay, Chinese, Indian, and indigenous populations - presents both opportunity and challenge.

“This diversity enables the development of a rich, representative national genomic reference that can address gaps in global datasets and improve understanding of population-specific health risks,” says Jabar.

“It also supports efforts to reduce adverse drug reactions and enhance outcomes in chronic diseases such as cardiovascular, diabetes, and cancer. However, ensuring equitable representation of all ethnic groups remains a key challenge.”

AI and big data are central to these efforts. Programs like MyGenom integrate genomic, clinical, and population data for predictive analytics.

“Arcadia Life Sciences contributes by developing multi-omics biomarker platforms that combine genomic, proteomic, and metabolomic data with AI-driven analytics,” Jabar adds. 

“This enables discovery of disease-specific biomarkers and supports pharmacogenomics and personalized treatment.”

The company is now working with universities, hospitals, and research institutes locally and abroad to validate biomarkers and embed AI into clinical workflows - a move expected to boost Malaysia’s bioinformatics and translational research capacity.

GCC: A genomic frontier

Across the Gulf, precision medicine is rapidly evolving.

The UAE has emerged as a frontrunner, combining national programs with global partnerships involving AbbVie, AstraZeneca, and Harvard Medical School to develop diagnostics and advance personalized therapies. Its Emirati Genome Program, launched in 2019, has already sequenced more than 800,000 genomes, making it one of the world’s most comprehensive genetic datasets.

The personalised precision medicine programme for oncology has supported over 250 Emirati cancer patients through genomic screening and individualized care.

These efforts form part of Abu Dhabi’s Healthcare Life Science Vision 2030, which seeks to position the emirate as a global hub for precision medicine. The city’s Declaration on Longevity and Precision Medicine, launched in 2024, outlines a blueprint for integrating AI and genomics into mainstream healthcare.

Abu Dhabi showcased AI-powered diagnostic tools for early detection of chronic diseases like diabetes and cancer, at this year’s tech jamboree, Gitex. Integrated with the health information exchange platform, Malaffi, these innovations enhance data sharing and clinical coordination.

In January, researchers at Dubai’s Mohammed Bin Rashid University of Medicine and Health Sciences published a milestone study based on 53 individuals that strengthens the UAE’s National Genome Strategy. By March, the Emirates Genome Council was outlining plans to use genomic data to enhance public health outcomes.

Meanwhile, the Saudi Human Genome Program continues to advance the country’s personalized medicine capabilities by building a vast national genetic database. Institutions like King Faisal Specialist Hospital & Research Centre are pioneering genetic diagnostics and CAR-T cell therapies, while the King Abdullah International Medical Research Center leads gene therapy trials for rare diseases.

Saudi Arabia's embrace of AI-driven pharmacogenomics and digital health tools — including the world’s first diabetes command center launched recently — underscores its vision improve patient outcomes.

Meanwhile, Qatar has become a model for precision medicine integration. The Qatar Genome Programme has sequenced more than 30,000 citizens and 3,000 Arab residents, establishing critical datasets for regional populations. 

The newly formed Qatar Precision Health Institute is translating these findings into clinical practice, expanding pharmacogenomics implementation, and training healthcare professionals.

In 2024, Hamad Medical Corporation launched a pharmacogenomics initiative that embeds genetic testing into prescribing practices, enabling more effective drug therapy.

Smarter diagnostics and early detection

Early detection remains a cornerstone of precision medicine, aiming to identify disease long before symptoms emerge.

The UAE is pushing the frontier with AI-enhanced tools and screening programs like Detectiome, a multi-cancer test, capable of identifying tumors at their earliest stages. Saudi Arabia’s Food and Drug Authority has also approved an in vitro diagnostic test for early detection of Alzheimer’s disease - a 20-minute, non-invasive plasma biomarker assay hailed as a major step forward.

Radiology, too, is being transformed. “In radiological medicine, procedures that once relied on traditional CT scans to perform contrast tomography now use far lower doses of radiation,” says Staynings. “This produces a darker image that a radiologist can still interpret, but which can also be enhanced through AI technologies.”

The result, he explains, is sharper imaging that can detect subtle cellular changes — early indicators of tumor development invisible to the naked eye.

“That is a huge advantage, especially for fast-growing populations across the Muslim world, where the costs of managing millions of additional patients with chronic diseases could be enormous,” he adds. 

“If we can prevent those diseases from ever manifesting themselves, we can save national health systems billions of dollars.”

07 Nov 2025
Insight
OIC Economies
Will US tariffs prompt India to pivot to the GCC?

Indian businesses and exporters may steer a course towards GCC countries to circumvent steep US tariffs, according to analysts.  

US President Donald Trump signed an executive order in August, imposing an additional 25% tariff on imports from India, in addition to other duties, fees, taxes, exactions, and applicable charges.

The White House cited India’s continued purchase of Russian oil, as the rationale for the move, calling it a counter to Russia’s threat to US national security and foreign policy. Russia accounts for about 34% of India’s crude imports. 

Indian exports to the US fell 11.93% year-on-year in September, and a whopping 20.39% on the previous month, as the impact of the tariffs began to take shape. 

The steepest impact will fall on labour-intensive sectors where the US accounts for a large share of India’s exports - including carpets (58%), textiles and garments (35%), gems and jewellery (39%), and shrimp (32%), Ajay Srivastava, founder of the Global Trade Research Initiative, a Delhi-based think tank, tells Salaam Gateway. 

“These industries have thin margins and little room to absorb a 50% tariff shock.” 
The impact may drive Indian companies to veer towards other lucrative markets, including the GCC. 

“Several Indian firms, particularly in gems and jewellery and electronics assembly, are exploring a shift of production and processing bases to the UAE and other GCC countries to remain cost competitive. The region’s low-tariff access to key markets and strong logistics networks makes it an attractive fallback option,” adds Srivastava. 

“Sectors where production and finishing facilities can be quickly established are best positioned to reroute exports via the GCC.” 

Krishna Bhimavarapu, an economist at US-headquartered State Street investment Management adds that while there is a lot of uncertainty, there is a good chance for Indian firms to explore the GCC markets, especially given the positive trade dialogue that has been happening.

India has strong economic and diplomatic ties with the Gulf countries with bilateral trade worth $178.56 billion in FY2024-25. 

Indian exports to the UAE soared 24.33% year-on-year in September, rising from last year’s $2.8 billion to $3.5 billion last month. Exports to Saudi Arabia increased 14.2% last month, too, according to data released by the Indian ministry of commerce and industry.   

“Dubai and Abu Dhabi, already major re-export hubs, are emerging as natural staging points for Indian firms diversifying away from direct US shipments,” says Srivastava. 

The six-nation GCC hosts north of nine million Indian expatriates, making it an invigorating market for the Indian diaspora and products.  The influx of Indian businesses into the GCC has continued to gather momentum, with over 9,000 joining Dubai Chamber of Commerce during the first six months of the year.

Meanwhile, over 40 Indian companies have established regional headquarters in Saudi Arabia.

The UAE will also be home to Bharat Mart, a huge facility spread across 2.7 million square feet designed to provide new market opportunities to Indian manufacturers and exporters.

Trade alliances are in the ascendant, too - India signed a comprehensive economic partnership agreement (CEPA) with the UAE in May 2022, to reduce or eliminate tariffs on the vast majority of products. The Southeast Asian country has recenty concluded CEPA negotiations with the sultanate of Oman and is aiming to lock in a free trade agreement with Qatar by third quarter of next year to push bilateral trade to $30 billion by 2030.

Among reports of an imminent US-India trade deal, will such a pact, if realized, stall the influx of Indian companies looking to step up shop in the GCC? 

“I don't think so,” says Bhimavarapu. “Because there is also a trade dialogue with the GCC countries alongside with the US.”

24 Oct 2025
Insight
OIC Economies
Can Saudi-Pakistan defence pact serve as a template for similar agreements? 

Saudi Arabia and nuclear-armed Pakistan’s strategic mutual defence agreement signed earlier this month could serve as a blueprint for similar defence alliances. 

The strategic pact, signed in Riyadh by Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud and Muhammad Shehbaz Sharif, Pakistan’s Prime Minister, during the latter’s state visit to the kingdom, aims to “develop aspects of defence cooperation between the two countries and strengthen joint deterrence against any aggression”. 

Image Courtesy: Saudi Press Agency

The two countries have conducted a series of joint military exercises over the years, including the Al-Samsaam-VIII-22 joint exercise in 2022, and a more recent exercise conducted in Multan last year. The joint statement added that “any aggression against either country shall be considered an aggression against both”. 

“KSA and Pakistan….one front against any aggressor…always and forever,” Saudi defence minister Prince Khalid bin Salman wrote on social media platform X, in the immediate aftermath of the deal. 

The landmark agreement comes at a precarious time as the Mideast region continues to grapple with security risks fuelled by Israeli aggression, including its drawn-out atrocities on Gaza and strikes on neighbouring countries, which culminated in last week’s attack on Qatar’s capital. 

The Doha attack, which challenged Qatar’s sovereignty and drew swift condemnation from regional and global states, including the UAE, Saudi Arabia, UK, France and Spain, was defining, with Qatar bordering Saudi Arabia. 

While US President Donald Trump offered assurance that such an attack will not happen again on Qatari soil, Israeli premier held a different and a darker stance, warning Qatar that either it must “expel” Hamas members or “bring them to justice, because if you don’t, we will.”

Netanyahu’s dark promise casts a shadow of doubt over the region’s security, with its heat being felt beyond Qatar’s borders.  

Muhammad Faisal, a South Asia security researcher at the University of Technology Sydney, said that the security architecture of Gulf has been stress tested during past four months twice: first by the Iran-Israel war, and second by recent Israeli airstrikes in Qatar.

“These events accelerated pressures on the Gulf’s security order since the onset of Gaza crisis, and particularly, Israel’s unilateral use of force across eight countries in two years. Gulf states are scrambling to bolster their security, as Trump administration reassess America’s military footprint across the globe."

It also sets a blueprint for similar agreements with other GCC states, he adds.

Pakistani defence minister Khawaja Asif told a local media outlet that the entry of other Arab nations in the incumbent defence agreement was not ruled out, and that the current pact carried no clause that obviates the entry of another nation or limits Pakistan from forging similar alliances. 

Pakistan’s military ranks as the 12th most powerful in the world this year, out of a list of 145 countries gauged on military strength, according to Global Firepower Ranking. It trails India (4th) and Türkiye (9th), and lies ahead of Saudi Arabia (24th) and the UAE (54th). The country beefed up its defence spending to $9 billion for the fiscal year 2025-26, up 20% year-on-year. 

Pakistan, the only nuclear-armed Muslim-majority country in the world, also recently emerged from an intense military showdown with neighbouring India. Both nations traded attacks over four days in May, striking each other’s military installations.  

While the new agreement will build on years of defence cooperation and coordination between Pakistan and Saudi Arabia, the signaling and timing appears to be very distinct.  

“What makes this agreement different from any similar step in modern Saudi history is its carefully chosen timing and binding nature. The agreement does not revolve around joint exercises or logistical cooperation, but rather around a direct defensive commitment — representing a shift from cooperation to pledge,” Mohammed H. Al Qahtani, CEO of Saudi Arabia Holding Company wrote in a LinkedIn post. 

“Saudi Arabia does not host a permanent [US] base but only rotational deployments, granting it wider decision-making latitude. It has been the most targeted by missiles and drones over the past decade, thus bearing the greatest need.”

In the immediate term, this agreement will consolidate multi-dimensional defence cooperation already underway, adds Faisal.

"More crucially, the political and defence coordination between the two sides will deepen, while strengthening respective military capabilities of both countries. Certainly, this defence cooperation agreement [also] sets a template for similar bilateral defence cooperation with Qatar and the UAE."

20 Sep 2025
Insight
OIC Economies
How OIC nations are investing in food security

According to the World Food Program, food security is achieved when people have reliable access to sufficient, nutritious food. That might seem simple enough, but for decades, food security has meant emergency grain shipments in the 57-member Organisation of Islamic Cooperation (OIC).

Today, with climate shocks, volatile markets, and rising populations, it has become an even more pressing issue, making urgent investment essential.

The Global Food Security Index 2022 ranks most OIC states as "weak" or "very weak." While countries such as Bahrain, the UAE, and Uzbekistan are outliers with their progress, conditions have deteriorated at the other end in countries such as Somalia, Sudan, Syria, and Yemen between 2020 and 2022.

The FAO classifies 26 OIC countries as low-income food deficit states, and 22 require external assistance. Between 2020 and 2022, an average of 45% of the OIC's population faced moderate or severe food insecurity, with nearly half of the world's food crises occurring in OIC states.

Fragile systems on the brink of collapse
According to SESRIC's 2023 report, agriculture still provides livelihoods for millions and contributes more than 25% of GDP in 11 OIC member countries. But the region remains a net importer. In 2021, imports reached $292.9 billion, far outpacing exports at $188 billion, even as intra-OIC trade grew 85%.

The four pillars of food security reveal how exposed the region is. Domestic production has declined in many places, leaving states like Saudi Arabia, the UAE, and Jordan importing more than 90% of their cereals. Access to food is deeply uneven: food is affordable in the Gulf, but in sub-Saharan Africa, households spend more than their GDP-equivalent income on food, leaving them reliant on aid. 

Malnutrition is entrenched, with nearly one in five children stunted, especially in Niger and Libya, where poor sanitation compounds the crisis. Stability is the weakest pillar: wars, droughts, floods, pandemics, and market shocks repeatedly push communities to the brink. In 2022, 172,000 people in OIC states were classified as facing famine, with millions more in emergency hunger.

Financing gaps in the agriculture chain
Agriculture in OIC countries remains severely underfinanced, receiving less than 5% of total credit. Only about 39% of farmers have access to finance or insurance, leaving smallholders vulnerable to shocks.

Some relief has come from multilateral financing. The Islamic Development Bank (IsDB) has committed $8 billion through its Food Security Response Program, while its trade finance arm, ITFC, channelled $1.75 billion into food and agriculture in 2024. But more is needed.

Sporadic investment responses
Before examining each country's investments, it's important to acknowledge that food security is a complex and vast area that translates to different areas of concern depending on each country's topography and specific requirements.

With financing channels under strain, OIC governments and institutions are turning to targeted investments across key sectors:

Water and land: The UAE's Bustanica vertical farm — a $40 million Emirates Crop One venture — now supplies Emirates Airlines, while a joint venture between Plenty Unlimited Inc., a U.S.–based indoor vertical farming startup, and Mawarid Holding Investment, a subsidiary of Alpha Dhabi Holding in the UAE, is to build five indoor farms across the GCC. Morocco's OCP Group has committed $13 billion (2023–27) to expand fertilizer capacity and develop green ammonia, backed by a €350 million AFD loan.

Agro-inputs and fertilizer: Morocco's OCP is ramping up exports across Africa, while Nigeria's Dangote Fertiliser plant, with a capacity of 3 million tonnes a year, has become a key supplier. Bangladesh's 2025/26 ITFC plan allocates $2.75 billion for petroleum and fertilizers.

Poultry and livestock: Qatar's 2024–30 Food Security Strategy focuses on poultry and dairy, while Egypt, with support from ITFC and the World Bank, is expanding feed and milling capacity.

Grain and logistics: Wheat imports remain unavoidable. Saudi Arabia's SALIC bought an 80% stake in Olam Agri for $1.78 billion in 2025, securing access to origination in Asia and Africa. The UAE's ADQ owns 45% of Louis Dreyfus Company, while Egypt has shifted to private wheat contracts, supported by $1.3 billion in ITFC financing.

Technology and insurance: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) issued $1.12 billion in guarantees for food-related trade between 2022 and 2024. The OIC's dedicated agency, IOFS, has proposed a $1 billion Grain Fund to pool reserves and invest in climate-resilient crops.

Progress is beset by gaps
Progress is tangible. But gaps remain. Tariffs and weak logistics hamper intra-OIC food trade. Efficient logistics and transport infrastructure are vital for lowering trade costs and ensuring predictable food imports. While OIC trading hubs benefit from advanced systems, many smaller economies face high costs due to weak networks.

Investing in transport corridors, alongside supportive trade agreements, could reduce costs, boost trade flows, and strengthen food security. Between now and 2027, several milestones will test these strategies: the SALIC–Olam Agri integration, OCP's green ammonia rollout, and the launch of the IOFS Grain Fund.

27 Aug 2025
Insight
OIC Economies
How regional engagement is supporting Syria’s economic renaissance

It was a sight to behold when US President Donald Trump announced a cessation of sanctions on Syria to a rapt audience in Saudi Arabia this May, an announcement that elicited thunderous applause from the crowd and drew Saudi Crown Prince Mohammed bin Salman to his feet in appreciation. 

In the aftermath of the announcement, big-ticket investments and support have come Syria’s way, in an attempt to revive its battered economy and offer a new leash to a country reeling from a confluence of challenges for more than a decade. 

Qatar, Saudi Arabia and the UAE were among the first countries to endorse the new leadership of President Ahmad Al Shara, that came at the heels of the erstwhile premier Bashar Al Assad’s ouster. 

Syria signed $14 billion worth of investment agreements this month, including a $4 billion deal inked with a consortium led by Qatar’s UCC Holding to redevelop Damascus International Airport, a $2 billion Damascus Metro project with the UAE’s national investment corporation and a $2 billion plan for Damascus Towers with Italy-based UBAKO.

Other real estate projects include a $500 million deal for the Baramkeh Towers project, and a $60 million agreement for the Baramkeh Mall.

These were preceded by a slew of 47 agreements last month valued at around $6.4 billion, with infrastructure and real estate deals worth more than $2.93 billion. A preliminary agreement was signed between the Saudi Tadawul Group and the Damascus Securities Exchange in July. 

Beth Morrissey, managing partner at Kleiman International Consultants, told Salaam Gateway earlier this month that the re-opening of the Damascus Securities Exchange is widely viewed as a major achievement.

Dubai-based logistics company DP World also inked a 30-year $800 million development agreement in July to modernise Tartus, Syria’s second-largest port and a key gateway to trade routes across Levant, Europe and North Africa.  

In May, Syria signed a preliminary agreement with a consortium of American and Turkish companies led by Qatar’s UCC Holding to develop power generation projects valued at approximately $7 billion.

Four power plants will be developed under the agreements, with an installed generation capacity of 4,000 megawatts and a 1,000 MW solar power plant. Syria has also signed a protocol with Turkey to establish a joint business council to open prospects for economic cooperation. 

The country’s aviation industry is taking off as well, with regional airlines resuming services. Turkish Airlines restored flights to Aleppo in August for the first time in over a decade.

The Turkish national carrier joined Dubai-based Emirates Airlines, Kuwait’s Jazeera Airways, and Saudi low-cost carrier Flynas to kickstart Syria’s aviation space and rebuild travel links across the region.  

Despite the windfall of investment, Syria needs a minimum of $1 trillion dollars to reconstruct, Dr. Mohammad Nidal Al-Shaar, Syria’s minister of economy and industry, estimated in May. 

“We need at least $1 trillion to reconstruct and rebuild a new Syria,” he added. “There is an understanding and consensus within the international community, especially from the Middle East, that Syria has to become a stable country. They are all looking forward to protecting Syria from further chaos.” 

Syria’s economy is expected to grow a nominal 1% in 2025, following a contraction of 1.5% last year, the World Bank forecasted in a report released in July. Growth prospects are a stark contrast to the 2000-2010 period during which the country’s GDP grew at an average annual rate of 4.8%.

During the 2010-2022 period heavily marked by conflict, Syria’s GDP shrank 53% between 2010 and 2022, with its annual crude oil production slipping 90% between 2010-2024. Investment contracted from an average of 19.2% of GDP in 2006–2010 to an average of 14.2% during 2011–2022. 

“A growing regional engagement, particularly through Türkiye and some Gulf states, may support economic recovery and attract investment,” the World Bank report added. 

Syria’s recovery will require a heavy lift from multiple actors, including countries and the Syrian diaspora living in them. Syrians living abroad can contribute to Syria’s economic recovery in multiple ways, notes Conor Clifford Murphy, partner at DinarStandard. 

“The Syrian diaspora can advocate for economic opportunities in Syria, help connect local businesses with international markets, and promote Syria as a viable investment destination. Many Syrian expatriates and business leaders are interested in participating in the reconstruction of Syria’s infrastructure and industries, further stimulating economic recovery.”

 

26 Aug 2025
Insight
View all Insights

Reports
Global Islamic Fintech Report 2025/26
18 Feb 2026

Global Islamic Fintech Report 2024/25
11 Oct 2025

State of the Global Islamic Economy (SGIE) 2024/25 Report
11 Oct 2025

View all reports

Announcements
Women chair 15.8% of board positions in 73 listed financial companies in the UAE

26 Nov 2025


Royal Academy of Management, Oman, and Thinkers50 announce winner of inaugural Future Readiness Award  

10 Nov 2025


Abu Dhabi Fund for Development inaugurates agricultural systems development project in Karakalpakstan, Uzbekistan

23 Sep 2025


View all announcements

Subscribe to our newsletter

Get Islamic economy and Halal Industry updates in your inbox

By submitting this form you are acknowledging that you have read and agree to our privacy statement


Infographics
Halal Industry
Muslim spending in North America
19 Nov 2025

View all

Events & Courses
View all

Special Coverage

30 Notable Islamic Fintechs - 2026

View all

30 Notable Islamic Fintechs - 2025

View all

Global Islamic Fintech Report 2025/26

View all

15 Most Active VCs in the Islamic Digital Economy

View all

State of the Global Islamic Economy (SGIE) 2024/25 Report

View all

Global Islamic Fintech Report 2024/25

View all

Top 30 Digital Islamic Economy Startups 2024

View all

Top 30 OIC Halal Products Companies 2023

View all

Gaza Crisis

View all

Global Islamic Fintech Report 2023/24

View all

The State of the Global Islamic Economy 2023/24 Report

View all

Global Islamic Fintech Report 2022

View all

State of the Global Islamic Economy 2022

View all

Food Security

View all

Women in the Islamic Economy

View all

COVID-19 and the Global Islamic Economy

View all

E-book: Impacts of the COVID-19 outbreak on Islamic finance in OIC countries

View all

State of the Global Islamic Economy 2020/21

View all

Global Islamic Fintech Report 2021

View all
List Your Company

Create your company profile on Salaam Gateway to reach a global Islamic audience.

Create
Publish Your Announcement

Share your company's latest updates.

Submit
Share Your Event or Course

Reach thousands of Islamic economy businesses and professionals.

Add
Logo
Follow
  • Halal Industry
  • Islamic Finance
  • Islamic Lifestyle
  • OIC Economies
  • Market Reports
  • Events & Courses
  • News
  • Insights
  • Companies
  • Infographics
  • Announcements
  • Cookies Policy
  • Privacy Statement
  • Terms of Use
  • About us
  • Contact us

© 2023 Salaam Gateway