What's written on the pendent is:
Mashalla is an Arabic phrase used to show appreciation for a person or happening. Also it said to protect the person or any object from evil eye. It shows respect, and also reminds that everything is achieved by the will of God. The closest English translation is "In His Name and as He Wills" It is used to show joy and praise, and is evoked upon hearing good news or seeing something very beautiful to avoid giving it an evil eye.