Search Results for: saudi arabia⊂mit=Search
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HOW CLOTHING FIRMS CAN PREPARE SUPPLY CHAINS FOR THE NEXT CRISIS
FASHION brands and clothing retailers have seen their supply chains struggle under lockdown measures imposed by governments trying to contain Covid-19. The shutdowns, of course, began just in time for 2020’s spring season, causing maximum disruption.
According to consulting firm McKinsey, 2020 was the fashion industry’s worst year on record, with a 90% decline in overall profits and almost three-quarters of registered firms globally making a loss.[1]…
SOYBEAN OIL - A COVID-19 SUCCESS STORY THAT MIGHT LAST
With global markets and daily consumer habits being disrupted for almost a year due to the ongoing global Covid-19 pandemic, some oils and fats sales have grown – and a key example is soybean oil. This is true worldwide, from North and South America, to Africa, Asia, and Europe.…
LUXEMBOURG COMPANY REGISTER SCRAPE REVEALS CRIMINAL, DEAD AND CHILD OWNERS
The latest probe by the Organized Crime and Corruption Reporting Project (OCCRP) into publicly accessible data held on Luxembourg’s ultimate beneficial ownership (UBO) register – ‘OpenLux’ [1] – has alleged gaps in European Union (EU) requirements as well as the Grand Duchy’s own UBO provisions.…
BIDEN NEEDS TO RECOGNIZE SYRIAN GOVERNMENT HAS WON WAR AND START PEACE TALKS
The US new administration of President Joe Biden has a real opportunity to help forge peace in Syria, and if it succeeds, it could reap a series of important foreign policy goals.
This Levant country needs calm and reconstruction. For that to happen, the Biden team needs to recognise that the Baathist regime of President Bashar Hafez al-Assad has won this conflict, and still has rights in areas controlled by Kurds.…
BIDEN NEEDS TO RECOGNIZE SYRIAN GOVERNMENT HAS WON WAR AND START PEACE TALKS
The US new administration of President Joe Biden has a real opportunity to help forge peace in Syria, and if it succeeds, it could reap a series of important foreign policy goals.
This Levant country needs calm and reconstruction. For that to happen, the Biden team needs to recognise that the Baathist regime of President Bashar Hafez al-Assad has won this conflict, and still has rights in areas controlled by Kurds.…
E-COMMERCE AND DIGITALISATION BOOM IN THE GULF
E-commerce and digitalisation have needed a good push to really get going in the Gulf. And this has happened through Covid-19. The pandemic has shoved digitalisation into widespread adoption amid an otherwise difficult economic environment.
In the Gulf’s two largest economies, Saudi Arabia and the United Arab Emirates (UAE), there has been a flurry of digital activity since the pandemic hit.…
ISLAMIC FINANCE FLOURISHES IN THE GULF AND SE ASIA
Islamic finance is flourishing across parts of the Middle East and south-east Asia. Assets are increasing, there is a greater diversification in product offerings, and Islamic fintech is starting to take off.
Islamic finance assets were estimated at USD2.88 trillion globally in 2020, and are forecast to grow at a CAGR of 5% to 2024, to reach USD3.69 trillion, according to New York-based research firm DinarStandard’s State of the Global Islamic Economy (SGIE) 2020-21 report.…
SHIFTING AND VARIED LABELLING RULES ARE MAJOR COMPIANCE CHALLENGE FOR INTERNATIONAL BEAUTY BUSINESS
REGULATIONS affecting what information can, should and cannot be placed on personal care product packaging are among the most demanding of compliance issues facing beauty manufacturers.
One reason is that this is both a very international field and a dynamic one – rules change all the time and vary widely from market to market.…
SAUDI ARABIA PAINT SECTOR VIEWS RECOVERY IN SHORT AND MEDIUM TERM AFTER COVID-19 PANDEMIC ENDS
The Saudi Arabian paint market is rebounding after a sluggish 2020, when sales declined due to an economic downturn caused by lower oil prices and the Covid-19 pandemic, as well the trebling of value added tax (VAT) across the kingdom. The World Bank has projected that this will cause a 5.4% contraction in national GDP, a highly unusual recession in a fossil-fuel rich country used to robust growth.…
RESPECTING THE SANCTITY OF JERUSALEM’S RELIGIONS CAN DELIVER PEACE, DESOPITE CITY’S BLOODY HISTORY
THE ACCESSION to power of President Joe Biden has sparked speculation that the recent shift in USA policy towards Israel and the Palestinian Territories pushed by his predecessor Donald Trump may be over.
Regardless of the justified criticism of Trump’s ethics and unpredictable governing style, the fact remains that his administration moved the needle in the Middle East.…