Search Results for: Saudi Arabian
10 results out of 444 results found for 'Saudi Arabian'.
GROWTH IN FREE TRADE ZONES BOOSTS BLACK MARKET OF ALCOHOLIC DRINKS SAYS OECD
AN OFFICIAL from the Organisation for Economic Co-operation & Development (OECD) has told just-drinks that the growth in free trade zones (FTZ) is boosting the sale of counterfeit drinks.
OECD’s policy analyst Florence Mouradian said the drinks sector that was a target for illicit traders in FTZs.…
CHANGI LOSES JEDDAH AIRPORT CONTRACT, 10 MONTHS AFTER WINNING TENDER
A CONSORTIUM led by Singapore’s Changi Airports International (CAI) has lost a contract to operate and manage Saudi Arabia’s new King Abdulaziz International Airport (KAIA), in Jeddah, which, has been due to open in May (2018). Saudi Arabia’s General Authority of Civil Aviation (GACA) said it will launch a new international tendering process.…
NUMBER OF WOMEN ON MIDDLE EAST BOARDS STILL LOW, DESPITE ENCOURAGEMENT FROM SOME GOVERNMENTS
Most organisations in the Middle East today acknowledge the importance of gender diversity, yet the current number of females on boards does not reflect this, according to participants at a recent networking breakfast in Dubai, hosted by ACCA.
An important reason for this is the self-perception of women, who feel that they lack the experience to be a board member, according to research from Hawkamah, the Institute for Corporate Governance at the Dubai International Financial Centre (DIFC), whose CEO Dr Ashraf Gamal El Din addressed the meeting.…
WAVE OF PROTECTIONISM WARPS COSMETICS TRADE IN NORTH AFRICA
PROTECTIONISM and currency problems are posing challenges for north Africa’s beauty and personal care market, often forcing consumers to change their purchasing behaviour and turn to locally manufactured products, when they are available.
In Egypt, the region’s most populous country, the fall in value of the local currency, the Egyptian pound, against the Euro, has helped increase the price of imported products.…
NUMBER OF WOMEN ON MIDDLE EAST BOARDS STILL LOW, DESPITE ENCOURAGEMENT FROM SOME GOVERNMENTS
Most organisations in the Middle East today acknowledge the importance of gender diversity, yet the current number of females on boards does not reflect this, according to participants at a recent networking breakfast in Dubai, hosted by ACCA.
An important reason for this is the self-perception of women, who feel that they lack the experience to be a board member, according to research from Hawkamah, the Institute for Corporate Governance at the Dubai International Financial Centre (DIFC), whose CEO Dr Ashraf Gamal El Din addressed the meeting.…
TURKISH "POWERHOUSE" NONWOVENS SECTOR TO EXPERIENCE FURTHER SIGNIFICANT GROWTH
TURKEY has become “a powerhouse” in the nonwovens sector and forecasts predict further growth of between 5-10% this year with “game changer” new products coming to market, according to industry insiders – but overcapacity is keeping margins tight, they warn.
Turkey is the largest nonwovens producer in the Middle East, and now the second largest in Europe, according to European nonwovens industry association EDANA.…
JORDAN CABINET APPROVES IRAQ PIPELINE PROJECT IN PRINCIPLE
THE JORDANIAN cabinet has approved in principle a deal between Jordan’s ministry of energy and mineral resources and Iraq’s oil ministry to build an oil and gas pipeline linking the main southern Iraq oilfields near Basra and Jordan’s port, Aqaba. The Jordanian ministry has said that the 1,680km pipeline could daily pump one million barrels of oil daily and 258 million cubic feet of gas to Jordan.…
SAUDI ARABIA’S PUSHES FORWARD WITH NUCLEAR POWER PLANS
Saudi Arabia is pushing ahead with ambitious plans to build 16 nuclear reactors, both small and large, to generate 17GWe by 2040. While no tenders have yet been awarded, the kingdom is working with numerous international partners to develop its nuclear infrastructure and safety systems.…
MID EAST AIR CARGO CLOTHING EXPORTERS GRAPPLING WITH NEW USA SECURITY CHECKS
EXPORTERS of air cargo, including clothing and textiles, from five Middle Eastern countries to the United States are in the process of gearing up to comply with mandatory enhanced screening imposed by the U.S. Transportation Security Administration (TSA). The order, disseminated on January 22, requires six air carriers flying from Egypt, Jordan, Saudi Arabia, Qatar and the United Arab Emirates (UAE) to participate in the TSA’s heretofore voluntary Air Cargo Advance Screening (ACAS) programme.…
NEW TAX A DAMPENER ON MIDDLE EAST PERSONAL CARE PRODUCT SALES
CONSUMERS do not like sales tax, and they are particularly sensitive to tax-based price increases when new taxes are introduced. So, it is maybe no surprise that personal care product sales in the Middle East have been dampened by the introduction of value added tax (VAT) in both Saudi Arabia and the United Arab Emirates (UAE) in January 2018, inflating beauty product prices.…