Search Results for: UAE
10 results out of 299 results found for 'UAE'.
SANCTIONS REGIMES TIGHTEN ON SYRIA AS BLOODY CIVIL WAR CONTINUES
As Syria enters its 10th year of civil conflict, the economy is in tatters, foreign currency is in short supply, and sanctions have not only been renewed, the USA has introduced new secondary sanctions. Illicit crime and sanctions busting abounds.
In May (2020), the USA issued further guidance on Syria, while the European Union (EU) extended its sanctions on Syria for a further year, to 1 June 2021.…
ENERGY COMPANIES TAKE SPECIAL CARE TO REDUCE SPREAD OF COVID-19 WITHIN THEIR FACILITIES
AS governments worldwide loosen lockdowns imposed to impede the spread of Covid-19, energy companies are assessing their health and safety policies to ensure workplaces are not new infection hotspots, protecting workers and hence production.
These changes come as energy industries downscale workloads to reflect a collapse in demand for their output.…
AGRI-TEXTILES SECTOR BECOMES MORE SUSTAINABLE IN PRODUCTION AS DEMAND GROWS FOR ITS KEY FOOD PRODUCTION ROLE
If there is one subsector of technical textiles that is regarded as well suited to environment-friendly materials innovation, it is surely the agricultural textile (ag-tex) sector. This is indeed the case, with research and development specialists creating clever solutions allying the functional and sustainability benefits of ag-tex with new biodegradable and naturally-sourced fibre.…
WHISTLEBLOWING RULES IN MIDDLE EAST AND AFRICA EMERGE, BUT ARE INCONSISTENT
Only a handful of countries in the Middle East and Africa have dedicated whistleblowing laws – South Africa, Mozambique, Zambia, Uganda, Ghana, Liberia, Algeria, Morocco, and the Israel-occupied Palestinian territories, according to Blueprint for Free Speech, a charity promoting freedom of expression (https://www.blueprintforfreespeech.net/).…
MIDDLE EAST ENTREPÔT UAE HAS TECHNICALLY SOLID AML/CFT SYSTEM, BUT TOO FEW LAUNDERERS FACE CONVICTIONS, SAYS FATF
FATF has called on the United Arab Emirates (UAE) to work harder in tightening controls against the abuse of its complex jurisdictional set-up by money launderers and terror financiers, pointing to a weak implementation of its largely solid AML/CFT regulations by law enforcement and regulators.…
AI AML SYSTEM DEVELOPERS PUSHING TECH TOWARDS THE TRANSPARENCY REQUIRED BY REGULATORS
‘Explainability’ is becoming the watchword for AML solutions based on artificial intelligence (AI), with developers increasingly aware they must convince regulators their systems’ decisions are reliable and unbiased. The result has been manufacturer clams about the traceability of system decisions, according to a white paper produced in July last year by London, UK-based fin-tech industry network FinTech FinCrime Exchange and the London-based screening and compliance solution company Regulatory DataCorp Inc (RDC) – see https://rdc.com/wp-content/uploads/2019/07/AI-and-FinTech-FFE-RDC-Report.pdf.…
GULF REGION BEAUTY CONSUMERS ON THE LOOKOUT FOR AFFORDABLE LUXURY WHILE LEVANT MARKETS STRUGGLE
In a market long dominated by well-established players, the success of ‘masstige’ beauty brands, which combine elements of mass and luxury products, is creating fierce competition in the Gulf Cooperation Council (GCC) region. Consumers in the United Arab Emirates (UAE), Saudi Arabia, Qatar, Kuwait, Bahrain and Oman looking for skincare and cosmetics are increasingly shopping from South Korean brands such as Etude House, which opened a branch in Dubai Mall in 2018 and is known for its quirky kitsch products, and The Face Shop, which arrived in Dubai in 2008 and recently renovated its four concept stores in the city.…
NORTH AFRICA’S HOME-GROWN BEAUTY BUSINESSES CHALLENGE MAJORS FOR MARKET SHARE
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.…
MIDDLE EAST DAIRY MARKET GROWS AND BECOMES MORE SOPHISTICATED AND PRODUCERS MUST RESPOND, CONFERENCE TOLD
WITH Middle East dairy sales expanding steadily, dairy suppliers from around the world are targeting its consumers, hoping to gain a foothold in an increasingly diverse marketplace that is often open to innovation.
Dairy Industries International attended the 4th Global Dairy Innovation Congress MENA 2020, held in Dubai, the United Arab Emirates (UAE), from January 20-21, where participants were encouraged by sales projections as from market researcher Euromonitor International that the Middle East (and Africa) dairy market should expand at a compound annual growth rate (CAGR) of more than 3% between 2019 and 2023.…
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.…