Search Results for: Moroccan

Big four accountancy firm, EY (formerly known as Ernst & Young) is to pay more than USD11 million in damages to a former partner that blew the whistle on the company’s collusion in covering up money laundering by a Dubai-based client Kaloti Jewellery International.…

AFRICA is commonly hailed as the world’s next big focus of economic growth, but for the civil aviation industry, this prospect will require significant investment in new intra-African routes and related airport and ATC infrastructure. It will also require governments to remove immigration barriers preventing African air travellers flying to other countries on their home continent.…

NORTH Africa is a region where care for appearance, grooming and personal hygiene is integral to its cultural DNA, so while personal care product majors have a strong presence, it is maybe no surprise that local beauty manufacturers continue to bubble up with fresh ideas and products that capture the imagination of consumers.…

Morocco’s textile and garment industry is undergoing an intense process of development to better meet today’s business challenges and the intense competition within the crowded international garment production sector.  With a mere 10 kilometres of Strait of Gibraltar seawater between Morocco’s key port Tanger-Med and Spain, Morocco should be a natural choice to lead in short ordering and fast fashion for European markets, however things are never just that simple.…

African garment and textile manufacturers are trying to create more synergy to better integrate the supply chain within the continent, but North African producers still dominate, and are expanding capacity, particularly in Egypt, say participants at a major regional industry meeting.…

African manufacturers are trying to integrate sustainability in their textile and fashion supply chains as retailers demand compliance with increasingly high standards fuelled by consumer pressure. But to do so, manufacturers are asking for assistance from international organisations to implement change.…

A FORMER EY auditor has launched a legal case claiming he was forced from the international accounting network, having alleged that a Dubai audit client was involved in a major precious metal money laundering scam.

Amjad Rihan, represented by London law firm Leigh Day, will claim in a case scheduled to begin in January that he had flagged concerns Kaloti Jewellery International had handled billions of dollars’ worth of cash transactions; imported gold from Moroccan suppliers painted with silver to avoid gold export restrictions; and handled transactions with high-risk countries such as Sudan and Iran without proper due diligence.…

MOROCCO’S clothing and textile industry association is optimistic about growth in the country’s apparel sector, with fast fashion sales to Europe driving expansion. Mohamed Tazi, general director of Morocco’s clothing and textile industry association AMITH (Association Marocaine des Industries du Textile et de l’Habillement) told just-style he is satisfied with the results of the sector regarding production and exports.…

NORTH Africa offers personal care product majors populous markets, close to European manufacturing centres, with large and growing middle classes (outside troubled Libya) – but trading in these countries is not without complication. Regulatory shifts, counterfeiting and some security concerns make these useful markets a challenge for brands to tap.…

AFRICAN garment and textile manufacturers have a long way to go to increase capacity, develop the supply chain and diversify overall production away from North Africa, an industry conference staged in Cairo has been told. But while north Africa accounts for more than USD10 billion out the continent’s USD13.54 billion in clothing and textile exports (during 2016, according to international trade data), the much discussed potential of Africa as the world’s next sourcing hub is starting to materialise.…