Australia may be famous for many things — its movie stars such as Hugh Jackman, Nicole Kidman and pop icon Kylie Minogue but its greatest export is a culinary one — the quality of its delicious halal meat.
With around 16 percent of Australia’s beef exports to the Middle East and North African region destined to the Kingdom and a surge in demand for high-quality grain-fed beef and wagyu, it seems Saudi Arabia does not get enough of this premium product.
The Kingdom is also the largest destination for Australian mutton in the region, accounting for 27 percent of shipments.
Tarek Ibrahim, celebrity chef and star of Fatafeat TV, says: “As one of the world’s greatest food-producing nations, Australia deserves and enjoys a reputation for excellence so it comes as no surprise that Australia produces some of the world’s greatest meat.”
Tarek Ibrahim adds: “When talking about meat, for me it has to be Australian. It’s the only country in the world where I truly trust the halal and food safety systems. It’s utterly delicious and a dream to cook with for anyone from a top executive chef to the home cook.”
Ibrahim said: “Australians are renowned for their ‘barbies’ and what better way to celebrate Australia Day than to relax with family and friends over a delicious barbecue. Surf between flavors and textures; for example, if you like steak that has a light and gentle flavor choose grain-fed beef and for a deeper flavor go for the grass-fed selection.”
He added: “The hand test can give you a good sense of how hot the grill or barbecue plate is. Hold your outstretched palm about 6cm from the heat. If you can only hold it above the heat for around a second it means it’s too hot. If you can hold your hand above the heat for three-four seconds it’s at a moderately high temperature, which is perfect for barbecuing. Any longer, say eight seconds, then the heat is too low. The barbecue should be hot enough to sizzle the meat as it makes contact with the plate or grill.”
Halal meat is Australia’s greatest export
Halal meat is Australia’s greatest export
Closing Bell: Saudi main market edges up to 10,745 points
RIYADH: Saudi equities closed higher on Monday, with the Tadawul All Share Index finishing up 135.69 points, or 1.28 percent, at 10,745.45.
The MSCI Tadawul 30 Index also advanced, rising 22.21 points, or 1.57 percent, to close at 1,436.31, while the Nomu Parallel Market Index slipped 31.80 points, or 0.13 percent, to 23,586.94.
Market breadth was positive on the main market, with 216 gainers against 42 decliners, while Nomu saw 42 stocks advancing and 36 declining.
Trading activity picked up, with 261.7 million shares changing hands, while total turnover reached SR5.10 billion ($1.3 billion).
Among the top performers, Saudi Fisheries Co. led the gains, closing at SR63.90, up SR5.80, or 9.98 percent. Naseej International Trading Co. rose to SR34.94, gaining SR3.16, or 9.94 percent, while Dar Al Arkan Real Estate Development Co. ended at SR16.74, up SR1.16, or 7.45 percent.
Zahrat Al Waha for Trading Co. added 6.84 percent to close at SR2.50, and Alamar Foods Co. climbed 5.75 percent to SR42.70.
On the losing side, Al Masar Al Shamil Education Co. fell 4.36 percent to SR23.90, while Saudi Paper Manufacturing Co. declined 2.82 percent to SR62.05.
United International Holding Co. slipped 2.36 percent to SR153.40, Saudi Aramco Base Oil Co. dropped 2.09 percent to SR98.60, and United Electronics Co. eased 1.90 percent to SR85.00.
On the announcement front, Mouwasat Medical Services Co. announced that its board has approved the establishment of a new hospital in Riyadh’s Al-Narjis District, with a planned capacity of 280 beds and a total investment cost of SR900 million.
The project will be financed through a mix of self-funding and long-term Shariah-compliant bank facilities, with further details on timelines and financial impact to be disclosed at a later stage.
Shares of Mouwasat Medical Services Co. closed at SR67.95, gaining SR1.40, or 2.10 percent.
Saudi Arabian Mining Co. reported a net addition of 7.8 million ounces of new gold resources following extensive exploration and drilling activities across multiple sites, alongside the identification of new mineralization opportunities in gold and base metals.
The company noted that the financial impact of these discoveries has yet to be determined and will be assessed in due course.
Shares of Saudi Arabian Mining Co. closed at SR67.50, up SR3.05, or 4.73 percent.
