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Search Results for: Lebanon

10 results out of 195 results found for 'Lebanon'.

MIDDLE EAST PAINT MARKET SUFFERS AS GULF ECONOMIC WEAKNESS AND LEVANT CONFLICT RESTRICTS SALES



 

Time was that the Gulf was a hotspot for paint and coatings sales and production, with frothy demand fuelled by major building projects – most met by locally manufactured product. But today, demand for paint in the Gulf countries is sluggish due to low oil prices, depressing overall economies and a drop in the number of infrastructure and real estate projects under construction.…

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EUROPE STILL HAS SIGNIFICANT WORK TO COMPLETE BEFORE HARMONISING ITS NATIONAL GRID



MARCH’S approval by the European Parliament of new European Union (EU) electricity market rules, designed to increase consumer choice, boost renewables access and cap power subsidies, were hailed by the European Commission as a new dawn for the creation of the EU’s much vaunted Energy Union.…

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MONEY SERVICE BUSINESSES IN EMERGING MARKETS FACE TOUGHER COMPLIANCE AND DERISKING DEMANDS



MONEY service businesses (MSBs) are having a tougher time operating in compliance with international AMF/CFT rules, especially those in emerging market countries, where they have to deal with a double challenge of tighter controls and derisking by banking partners.

MSBs throughout the Middle East, for instance, have been hit by derisking from correspondent banks as well as designations by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC).…

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TRADE-BASED MONEY LAUNDERING TO RISE AS IRAN SEEKS TO EVADE NEW USA SANCTIONS



TRADE-based money laundering (TBML) continues to be a complex typology that is tough for law enforcement to detect and ML regulators to control.

The risk is that with Iran being subject to new USA sanctions, the use of TBML is going to grow in the short term, warn experts.…

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UAE’s OPEN ECONOMY AND COMPLEX POLITICS MEANS AML REGULATION IS MORE DECENTRALISED THAN IN CENTRALISED SAUDI KINGDOM NEXT DOOR



The Kingdom of Saudi Arabia and the United Arab Emirates (UAE) are political and economic heavy-weights in the Middle East, but while they have much in common, their anti-money laundering/combating the financing of terrorism (AML/CFT) regimes and the risks they face significantly differ, primarily due to the UAE’s greater exposure to the international financial system.…

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SOARING COSTS IN JORDAN’S GARMENT SECTOR COULD DETER INVESTORS



JORDAN garment exporters maybe growing their export sales, but high costs and declining local purchases could weaken their ability to take advantage of robust growth in overseas demand, industry experts have told just-style.

Jordan’s garments exports are expected to have generated receipts of USD1.8 billion in 2018, and their value is expected to grow by at least 8% in 2019, a source at the Jordan Enterprise Development Corporation told the Jordan Times newspaper this week.…

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MIDDLE EAST PAINT MARKET MIXED BAG – AS ECONOMIC DIVERSIFICATION PROJECTS BOOST SALES WITHIN WEAK MARKETS



Paint markets throughout much of the Middle East are experiencing a downturn due to the region’s political instability and economic slowdown. However, manufacturers are nonetheless betting on a rebound as larger projects re-start and reconstruction begins in certain markets.

In the oil-based economies of the United Arab Emirates (UAE) and Saudi Arabia, lower oil prices have hit government budgets, causing state-backed projects to be suspended or delayed, while having a knock-on effect on the wider economy.…

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CHARITIES STILL STRUGGLE TO AVOID BEING TAINTED WITH TERRORIST FINANCING



Charities continue to be at risk of being exploited by terrorist groups looking to transfer money and finance their operations, with the Middle East a high-risk area.

These non-governmental organisations (NGOs) are, however, criticising the extra scrutiny the sector is facing from regulators, banks and governments, saying it is driving charity financing into the shadows, actually increasing risks of financing by crime and terror groups.…

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UNINETTUNO – ITALY’S TOP ONLINE UNIVERSITY HARNESSING 3D TECH TO ENHANCE LEARNING



With traditional universities increasingly using web-based learning as a way of recruiting students world-wide, University World News spoke to the head of Italy’s top online university to see how it has developed a successful model for international higher learning

Enrollments for the 2018-2019 school year at the Rome-based International Telematic University, Uninettuno, have exceeded expectations, university rector Maria Amata Garito, shared with UWN: “I can confirm that enrolments have jumped quite a bit this year – up by circa 200% compared to last year,” said Garito.…

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EU ROUND UP – EU FRAUD MAYBE DECLINING, BUT MILLIONS OF EUROS LOST TO SCAMS EVERY YEAR



THE CONTINUED vulnerability of European Union (EU) revenue collection and spending to fraud has been brought into sharp relief by a new European Commission statistical analysis on financial crime.

That said, a working paper noted that in terms of revenue through external import duties (called ‘own resources’ in EU jargon) detected fraud cases involving EUR10,000 or more alone in 2017 indicates losses have been falling – but still to EUR76 million.…

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