Search Results for: Saudi Arabian

Implementing international sanctions is never easy, but the sanctions regime on Iran is highly complex, buffeted by shifting diplomatic stances. With its Security Council ally Russia relying on Iranian military and technology supplies for it to pursue its invasion of Ukraine, time-limited UN restrictions on Iran’s nuclear programme officially lapsed on October 18.…

UK recession expected by the end of the year

The way the data is evolving there is a 60% chance the UK will be in recession by the end of 2023, or certainly by the early stages of 2024, according to Simon Ballard, Chief Economist, First Abu Dhabi Bank.…

Over the past 50 years, generational differences in style and colour preference have altered demand for decorative paints, but geography and climate are also drivers when it comes to choosing interior coatings. More recently, at a more global level, differentiation has sharpened between the tastes of Baby Boomers and Generations Y (Millennials) and Z.…

Anti-money laundering fines worldwide are expanding fast, say researchers, but assessments of whether this reduces and deters money laundering or just feed government coffers are not yet conclusive. According to Ireland-based international compliance firm Fenergo, AML/CFT fines worldwide – levied on organisations failing to operate legally mandated AML/CFT controls – increased 52% year-on-year in 2022, totalling USD4.1 billion, compared to USD2.7 billion in 2021.…

The Morocco textile and clothing industry is forging ahead with expansion and modernisation plans despite the September 8 earthquake that killed 2,900 people and could cause up to USD10 billion’s worth of damage, according to the US Geological Survey (USGS).…

Saudi Arabia’s universities are ramping up their efforts to boost their sustainability working within an unforgiving status quo of fossil fuel reliance, high energy and water consumption plus rising greenhouse gas (GHG) emissions.

Public and private universities have in recent years started addressing these challenges by fostering sustainability practices on their campuses and influencing Saudi society to become environmentally conscious. …

China has developed such a robust renewable energy sector that it can withstand the impact of potential decoupling from US markets and suppliers, say experts as Sino-American relations sour. But good relations and cooperation would strengthen both sides’ shift to clean power.…

An ACCA co-hosted conference in Dubai has heard how today, Gulf Cooperation Council (GCC) bloc companies should not view meeting ESG (environmental, social, governance) standards as an optional add-on, which may help marketing, but as a prerequisite for commercial long-term survival.…

The Lithuanian dairy industry has seen its share of highs and lows in recent years, culminating this year in a rash of dairy farmer protests, rising energy costs, inflation, farm closures, and rock bottom prices for raw milk. During the first half of 2022, export sales grew according to Lithuanian dairy producer organisation Pieno Centras (1), as dairy product prices rose and demand remained high, boosting production and Lithuanian farm milk sales.…