Search Results for: saudi arabia
10 results out of 423 results found for 'saudi arabia'.
COMPANIES OFFER NEW HI-TECH EQUIPMEN TO BOOST ROAD AND TRAFFIC SAFETY
BY DEIRDRE MASON
WITH every new piece of European Union (EU)-inspired road and vehicle-safety legislation brings a new opportunity to make and sell the kit to local authorities so that they can comply. Speed limiters may not be the newest story in safety equipment, but the requirements to fit them had a further boost on January 1 this year.…
OECD PANEL BLASTS BRITAIN, IRELAND, PORTUGAL OVER CORRUPTION
BY KEITH NUTHALL
THE ORGANISATION for Economic Cooperation and Development’s (OECD) working group on bribery has strengthened its criticism of Britain’s dropping a bribery investigation concerning BAE Systems and the Al Yamamah defence contract with Saudi Arabia. At a March meeting, the committee “reaffirmed its serious concerns” about the matter and alleged “continued shortcomings in UK anti-bribery legislation”, for instance over the liability of legal persons to foreign bribery charges.…
GULF ECONOMIC HOTSPOT MORPHS INTO KEY INTERNATIONAL BRANDED FOOD MARKET
BY PAUL COCHRANE, in Dubai
THE UNITED Arab Emirates’ (UAE) highly competitive food sector is expecting double-digit growth this year, driven by 7% annual population growth, booming foodservice and tourism sectors, and rapid economic growth.
Food producers and retailers in this economic powerhouse of the oil-rich Gulf say there is strong growth across the board, from fresh fruit to ready-made meals in the modern retail environment of the UAE, particularly in Dubai, which is undergoing a construction boom and the top destination for most expatriate workers and tourists.…
IFC PLANS EXPANSION OF JEDDAH AIRPORT
BY KEITH NUTHALL
DETAILED plans are now being laid for the development of King Abdulaziz International Airport in Jeddah, Saudi Arabia, with the World Bank’s International Finance Corporation (IFC) coordinating the management of long term concessions. A joint venture involving the Saudi Binladin Group and Aeroports de Paris Management has been chosen as the preferred bidder for a US$250 million to expand, rehabilitate and operate over 20 years a specialised passenger terminal for Hajj and Umrah pilgrims who flood into the region annually.…
MIDDLE EAST VOX POP: FALCONRY - IS IT OUT OF CONTROL?
BY PAUL COCHRANE, in Beirut
HUNTING with falcons has been part of Arab culture for thousands of years, but with wild falcons declining because of trapping and Middle Eastern hunters also shooting falcons for sport, what do Arabs think about imposing tougher restrictions?…
OECD ATTACKS BRITAIN OVER FOREIGN BRIBERY
BY KEITH NUTHALL
BRITAIN’S Serious Fraud Office dropping a major foreign bribery investigation concerning BAE Systems and the Al Yamamah defence contract with Saudi Arabia could lead to an Organisation for Economic Cooperation and Development (OECD) censure. The OECD working group on bribery admits “serious concerns as to whether the decision was consistent with the OECD Anti-Bribery Convention”, and will discuss the case in March.…
SAUDIS THREATEN LEGAL ACTION AGAINST CIGARETTE MAJORS
BY KEITH NUTHALL
THE SAUDI Arabia health minister has publicly warned American and European tobacco manufacturers that his oil-rich government will sue them for compensation over health problems caused through smoking.
Speaking at the 12th Gulf Symposium Against Smoking, in the Saudi capital Riyadh, Dr Hamad Al-Manie said: "I have met with representatives from tobacco companies in the kingdom at my office before.…
INDIA SELLS EXCESS OIL REFIINING CAPACITY TO OIL-PARCHED WEST
BY RAGHAVENDRA VERMA, in New Delhi
"REFINERY Process Outsourcing" or simply RPO is an exciting buzzword in the otherwise hard-pressed Indian petroleum industry, as the term represents newly found and highly profitable venture of operating refineries to fulfil surging international demand.…
LEBANON UNIVERSITIES STRUGGLE TO RECOVER FROM ISRAEL-HEZBULLAH WAR
BY PAUL COCHRANE, in Beirut
CONTRARY to all assumptions, Lebanese universities have not experienced the student exodus they thought might happen following the month long war between Israel and Hizbullah, but the conflict did cost lives, financial losses and a sizeable reduction in the number of Western students.…
UNITED ARAB EMIRATES PAINT SECTOR FEATURE
BY PAUL COCHRANE, in Beirut
WITH the United Arab Emirates (UAE) in the midst of an unprecedented construction boom, the paint sector is flourishing with contracts of up to half a million dollars underway, 200% growth in fire-resistance paints, and over 16% growth predicted for the sector as a whole this year.…