International news agency

Search Results for: saudi arabia

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

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.…

Read more

TURKISH "POWERHOUSE" NONWOVENS SECTOR TO EXPERIENCE FURTHER SIGNIFICANT GROWTH

TURKEY has become “a powerhouse” in the nonwovens sector and forecasts predict further growth of between 5-10% this year with “game changer” new products coming to market, according to industry insiders – but overcapacity is keeping margins tight, they warn.

Turkey is the largest nonwovens producer in the Middle East, and now the second largest in Europe, according to European nonwovens industry association EDANA.…

Read more

JORDAN CABINET APPROVES IRAQ PIPELINE PROJECT IN PRINCIPLE

THE JORDANIAN cabinet has approved in principle a deal between Jordan’s ministry of energy and mineral resources and Iraq’s oil ministry to build an oil and gas pipeline linking the main southern Iraq oilfields near Basra and Jordan’s port, Aqaba. The Jordanian ministry has said that the 1,680km pipeline could daily pump one million barrels of oil daily and 258 million cubic feet of gas to Jordan.

Read more

SAUDI ARABIA’S PUSHES FORWARD WITH NUCLEAR POWER PLANS

Saudi Arabia is pushing ahead with ambitious plans to build 16 nuclear reactors, both small and large, to generate 17GWe by 2040. While no tenders have yet been awarded, the kingdom is working with numerous international partners to develop its nuclear infrastructure and safety systems.…

Read more

MID EAST AIR CARGO CLOTHING EXPORTERS GRAPPLING WITH NEW USA SECURITY CHECKS

EXPORTERS of air cargo, including clothing and textiles, from five Middle Eastern countries to the United States are in the process of gearing up to comply with mandatory enhanced screening imposed by the U.S. Transportation Security Administration (TSA). The order, disseminated on January 22, requires six air carriers flying from Egypt, Jordan, Saudi Arabia, Qatar and the United Arab Emirates (UAE) to participate in the TSA’s heretofore voluntary Air Cargo Advance Screening (ACAS) programme.…

Read more

MOROCCO’S FEZ AIRPORT EXPANDS WITH NEW TERMINAL

Morocco’s Fez airport (Fès–Saïs Airport) has opened a new terminal, being inaugurated last May (2017) by King Mohammed VI, enabling it to increase its capacity to 2.5 million passengers per year. The number of passengers passing through the airport has more than tripled in less than 10 years, from 228,399 passengers in 2006 to 892,974 in 2016, so the expansion will allow the airport to manage growing volumes for years to come.…

Read more

NEW TAX A DAMPENER ON MIDDLE EAST PERSONAL CARE PRODUCT SALES

CONSUMERS do not like sales tax, and they are particularly sensitive to tax-based price increases when new taxes are introduced. So, it is maybe no surprise that personal care product sales in the Middle East have been dampened by the introduction of value added tax (VAT) in both Saudi Arabia and the United Arab Emirates (UAE) in January 2018, inflating beauty product prices.…

Read more

GULF COATINGS MARKET STILL WITNESSING STAGNANT GROWTH, BUT PLANNED MAJOR EVENTS MAY PERK UP SALES

THE GULF paint and coatings market has had another year of stagnant growth, with sales impacted by stalled infrastructure projects, government policies and regional turbulence. Sales in 2017 were further impacted by the economic siege of Qatar, now into its seventh month, by its Gulf Cooperation Council (GCC) neighbours Saudi Arabia, the United Arab Emirates (UAE), and Bahrain.

Read more

NONWOVENS DEMAND GROWS ACROSS AFRICA AND MIDDLE EAST, BUT OVER AND UNDER-PRODUCTION PROBLEMS PERSIST

THE NONWOVENS market in the Middle East and Africa (MEA) is increasingly important to the global nonwovens industry, with rising consumer demand being generated by middle classes that are growing in size. Countries in the region are also comparatively young, with high birth rates, boosting demand for diapers and wipes.…

Read more

SOUTH AFRICAN EXPAT USES PASSION FOR ACCOUNTING PROFESSION TO DRIVE FINANCIAL EXCELLENCE IN THE GULF

Cynthia Corby is living proof that the sky is the limit for female accounting professionals. An audit partner and construction industry leader at Deloitte Middle East, the South African national has broken every glass ceiling in the industry. Not only was she the youngest audit manager ever in Deloitte South Africa at the age of 23, but 10 years later, she became one of the first female partners at Deloitte Middle East.…

Read more