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10 results out of 361 results found for 'saudi arabia'.

REGULATORY CONVERGENCE OF COSMETICS LEGISLATION WILL HAPPEN – BUT SLOWLY, SAY EXPERTS, COSMETICS EUROPE MEETING HEARS

ACHIEVING regulatory convergence in the USD465 billion global cosmetics industry (Euromonitor 2017 figures) is an important long-term goal, industry experts agreed at European personal care product association Cosmetics Europe’s June 13-14 annual conference 2018 in Brussels. Europe is a key market for this industry – providing EUR77.6…

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MARRIOTT FD PAUL SIMMONS PERSONIFIES THE HUMAN SIDE OF FINANCE

Paul Simmons, Chief Financial Officer, Marriott International Middle East and Africa, provides a glimpse into running the finances of the region’s largest international hotel operator.

 

The Middle East – particularly the countries of the Arabian Gulf – is known for its impressive skyline of luxury hotels.…

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HAJJ ECONOMICS MEAN BIG BUSINESS IN SAUDI ARABIA AND BEYOND

 

The Hajj pilgrimage to Mecca is one of the five pillars of Islam, a religious duty every Muslim should perform once in their lifetime. But with 1.7 billion Muslims worldwide and the Hajj only occurring over five days every year, the event is a logistical challenge for the Saudi Arabian government, tour operators, hospitality service providers, retailers and accountants.…

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PASSENGER EXPERIENCE COMES TO THE FOREFRONT AT DUBAI AIRPORT SHOW

Enhancing the quality of passenger experience while maintaining maximum security was a recurring theme during the Dubai Airport Show 2018. The annual airport industry event, held from May 7 to 9, drew more than 7,500 visitors.

Covering 15,000 square metres of space across three halls of the iconic Dubai International Convention and Exhibition Centre, its 18th edition hosted more than 350 exhibitors from 60 countries.…

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INDIA PETROCHEMICALS SET TO ADVANCE – BOOSTING COUNTRY’S ROLE AS O&G IMPORTER

India’s petrochemicals industry is preparing to exploit its growth potential and can benefit from lessons learned in Europe. Indeed, India’s intertwined petrochemicals and refining sectors received a significant endorsement of their future potential in April 2018 in the shape of major foreign investment in what will be one of the world’s biggest integrated sites for these twin purposes.…

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BANKS WARY OF IRAN BUSINESS DESPITE UN AGREEMENT TO REINTEGRATE THE COUNTRY INTO INTERNATIONAL FINANCIAL SYSTEM

SINCE the 2015 nuclear agreement between Iran and the USA, the UK, Russia, France, China, Germany and the European Union (EU), foreign financial institutions have – in theory – been allowed to do business with Iran.  But the reality – as ever with relations with Iran – is proving to be a good deal more complex.…

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GROWTH IN FREE TRADE ZONES BOOSTS BLACK MARKET OF ALCOHOLIC DRINKS SAYS OECD

AN OFFICIAL from the Organisation for Economic Co-operation & Development (OECD) has told just-drinks that the growth in free trade zones (FTZ) is boosting the sale of counterfeit drinks.

OECD’s policy analyst Florence Mouradian said the drinks sector that was a target for illicit traders in FTZs.…

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CHANGI LOSES JEDDAH AIRPORT CONTRACT, 10 MONTHS AFTER WINNING TENDER

A CONSORTIUM led by Singapore’s Changi Airports International (CAI) has lost a contract to operate and manage Saudi Arabia’s new King Abdulaziz International Airport (KAIA), in Jeddah, which, has been due to open in May (2018). Saudi Arabia’s General Authority of Civil Aviation (GACA) said it will launch a new international tendering process.…

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NUMBER OF WOMEN ON MIDDLE EAST BOARDS STILL LOW, DESPITE ENCOURAGEMENT FROM SOME GOVERNMENTS

Most organisations in the Middle East today acknowledge the importance of gender diversity, yet the current number of females on boards does not reflect this, according to participants at a recent networking breakfast in Dubai, hosted by ACCA.

An important reason for this is the self-perception of women, who feel that they lack the experience to be a board member, according to research from Hawkamah, the Institute for Corporate Governance at the Dubai International Financial Centre (DIFC), whose CEO Dr Ashraf Gamal El Din addressed the meeting.…

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WAVE OF PROTECTIONISM WARPS COSMETICS TRADE IN NORTH AFRICA

PROTECTIONISM and currency problems are posing challenges for north Africa’s beauty and personal care market, often forcing consumers to change their purchasing behaviour and turn to locally manufactured products, when they are available.

In Egypt, the region’s most populous country, the fall in value of the local currency, the Egyptian pound, against the Euro, has helped increase the price of imported products.…

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