Search Results for: UAE

BY RAGHAVENDRA VERMA

INDIA’S home ministry has confirmed to the Money Laundering Bulletin that it will approach the Financial Action Task Force (FATF) with formal claims and evidence alleging Pakistan’s key intelligence agency is counterfeiting Indian currency.

A senior official from the ministry said the Indian government would approach the international body in next two to three weeks.…

BY KEITH NUTHALL

THE EUROPEAN Commission has proposed imposing definitive countervailing duties on imports into the European Union (EU) of certain polyethylene terephthalate (PET) exported from Iran, Pakistan and the United Arab Emirates (UAE). The duties – which as usual compensate EU producers for government subsidies or assistance in the exporting countries – would range from 5.1% to 16.7%.…

BY RAGHAVENDRA VERMA

INDIA continues to attract international cosmetic and perfume brands as its consumer base and their spending grow. According to the United States Trade Mission to India, the country’s USD2.68 billion beauty and wellness market is growing at 15-20% annually, almost twice as fast as the United States and European markets.…

BY PAUL COCHRANE

THE MULTI-BILLION dollar cosmetics and fragrances industry in the Middle East’s six Gulf Cooperation Council (GCC) countries has had a mixed few years in the wake of the global financial crisis, made more unpredictable by demographic change and purchasing behaviour shifts.…

BY MARK ROWE

IS the recession’s worst over for the jet fuel aviation industry? Passenger traffic during this late spring and summer has risen sharply compared with flights year-on-year, giving hope to an industry that Giovanni Bisignani, director general of the International Air Transport Association (IATA), described last year as "structurally sick".…

BY KARRYN MILLER, ANCA GURZU, MARK ROWE and PAUL COCHRANE

THE NEED to think out of the box to reduce carbon emissions and pollution is becoming increasingly appreciated in the Asia-Pacific region. And the coatings sector offers a range of solutions to reduce energy use.…

BY PAUL COCHRANE

DEMAND for more environmentally-friendly coatings and paints is on the rise in the six Gulf Cooperation Council (GCC) countries, driven by government-backed infrastructure projects that are forcing paint manufacturers to comply with strict requirements.

Still a specialised product, ‘green’ paints account for less than 10% of sales in the United Arab Emirates’ (UAE) US dollar USD$300 million paint market and the USD$1 billion Saudi Arabian market, according to Bassam Bizri, general manager of Chemipaint in the UAE (NOTE – SPELLING IS CORRECT).…

BY PAUL COCHRANE

CONFECTIONERY manufacturers in the Middle East are not only ideally placed geographically to sell their products to the rich European Union (EU) market, they are assisted by a series of free trade agreements either in place, or in the works.…

BY PAUL COCHRANE

CORRUPTION, bribery and cronyism have long been a part of business in the six-member Gulf Cooperation Council (GCC) countries, with media reports of such malpractice few and far between yet alone prosecutions. But this taboo topic has started to hit headlines in the Gulf over the past year as prominent businessmen have been arrested for fraud, bribery cases investigated and governmental units set up to tackle the problem.…

BY PAUL COCHRANE

THE KINGDOM of Saudi Arabia’s USD$1 billion paint sector market is projected to return to double-digit growth this year on the back of massive government spending, following static growth in 2009 in the wake of the global financial crisis.…