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United Arab Emirates

Population 9.1 million – 2015

GDP 2015 – USD370 billion (up 3.2% on previous year)

Projected 2016 GDP growth – 2%

Size of non-oil economy 2015 – 66% (IMF)

Proportion of local nationals in private sector – 1% (LSE estimates 2014)

Saudi Arabia

Population 31.5 million – 2015

GDP 2015 – USD646 billion (up 3.5% on previous year)

Projected 2016 GDP growth – 1.86%

Size of non-oil economy 2014 – 57% (IMF )

Proportion of local nationals in private sector 2016 – 16% (Oxford Strategic Consulting)

Qatar

Population 2.2 million – 2015

GDP 2015 – USD166 billion (up 2.9% on previous year)

Projected 2016 GDP growth – 3.3%

Size of non-oil economy 2015 – 49% (IMF)

Proportion of local nationals in private sector 2014 – 5% – (Qatar Statistics Authority)

Bahrain

Population 1.3 million – 2015

GDP 2015 – USD32 billion (up 2.9% on previous year)

Projected 2016 GDP growth – 2.2%

Size of non-oil economy 2015 – 76% (IMF)

Proportion of local nationals in private sector 2013 – 18% (Bahrain’s Labour Market Regulatory Authority).…

Central Bank theft – casino repercussions: the Philippines

The theft in February of $101m from the Bangladesh Bank account at the Federal Reserve Bank New York in an audacious hack of SWIFT codes saw funds flow to casino accounts at Rizal Commercial Banking Corporation in the Philippines.…

A senior Canada metal industry association has called on its government to continue ratifying the Trans-Pacific Partnership (TPP), despite US President-elect Donald Trump’s commitment to withdraw the US from the trade deal on his first day of office.

“We definitely still support Canada moving forward with the TPP, even without the US.…

Voters in Massachusetts are poised to decide on Tuesday [November 8] whether the US state should ban the sale of pork products or veal from animals that cannot turn around or stretch their limbs within their cages.

The provision would also ban the sale of pork and veal products produced by animals confined in stalls and cages which severely limit their movements.…

Vietnam’ clothing and textile industry has been assessing the impact of losing an anticipated huge garment export boost under the Trans-Pacific Partnership (TPP) now that US president-elect Donald Trump has promised to sign an executive order pulling out of the 12-nation trade deal.…

IRAN’S rose water export sector is facing the potential for rapid expansion now that the country can trade freely globally after the bulk of international banking and economic sanctions imposed over the Iranian nuclear programme were lifted this January (2016).…

UNITED States President-elect Donald Trump’s commitment to withdraw the US from the Trans-Pacific Partnership (TPP) trade deal, condemning the deal as a “potential disaster for our country”, has received the thumbs-down from the cosmetics industry.

“TPP represents an important step forward for the cosmetics industry in the signatory countries, containing as it does a specific annex for cosmetics and personal care,” Cosmetics Europe director general John Chave told Soap Perfumery & Cosmetics.…

SLOW and cumbersome traditional financing does not fit the needs of dynamic, small-and-medium-sized enterprises (SMEs) in today’s fast fashion-driven garment industry, the CEO of London-based finance company iwoca, Christoph Rieche told just-style.com. 

Rather, the trend is more towards simplified trade financing, he said.…

Non-wovens textile manufacturers are likely to benefit from a soaring Chinese market for their products, thanks to a fast ageing population, the government’s recently launched two-child policy, and demand created by air pollution that continues to plague the country, and international conference in Shanghai has head.…

Sun protective clothing is continuing to move from its health-focused niche origins to become a general and versatile product, protecting consumers of all ages from the harm of prolonged sun exposure. What first began as products for children or for people with varying skin ailments, such as melanoma or xeroderma pigmentosum (XP), a rare disease where the body is unable to repair damage caused by ultraviolet (UV) light, the market has been expanding robustly.…