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BRITISH VIRGIN ISLANDS SCANDAL POSES QUESTION – HOW CAN GOVERNMENT GRAFT BE TACKLED IN AUTONOMOUS JURISDICTIONS?
INDEPNDENT states accused of harbouring major corruption are the responsibility of their own citizens, ideally with change imposed through the ballot box. But dependent jurisdictions with powers reserved to metropolitan (former colonial) governments have more complex political problems. Keith Nuthall reports on the latest scandal in the British Virgin Islands (BVI).…
TAIWAN AIMS TO BECOME A LEADER IN FABRIC DIGITALISATION
A public-private partnership in Taiwan has been leveraging visual scanning technologies to help launch a standardised platform using artificial intelligence (AI) to accurately render fabrics digitally.
Its goal is to help propel Taiwan from a major quality fabric supplier to a world player in digital fashion design. …
RAMADAN MAY PROMPT MUSLIMS TO TARGET ZAKAT ALMS ON UKRAINIAN REFUGEES FOLLOWING RUSSIAN INVASION
Muslims have been considering how their ‘Zakat’ charitable obligations during Ramadan delivers an obligation to supporting Muslim refugees from Ukraine, forced from their home by the Russian invasion of their country.
The war has prompted the largest refugee crises that Europe has experienced this century, even larger than the impact of the war in Syria.…
INVASION OF UKRAINE WILL INCREASE RAMADAN AND EID AL FITR TRAVEL COSTS SAY EXPERTS
After two years of strict travel restrictions, international borders are finally opening for quarantine-free travel, coinciding with the month of Ramadan. But to what extent will the escalation of oil prices and disruption of air travel caused by Russia’s invasion of Ukraine affect Muslim travellers’ plans?…
ISLAMIC FINANCE HIGHER EDUCATION EXPANDS WORLDWIDE
With the Islamic finance sector growing fast – with global turnover valued at USD2.2 trillion, according to S&P Global Ratings’ Islamic Finance Outlook 2022 Edition, with a projected 12% growth between 2021 and 2022 – demand for higher education courses on the topic are growing fast.…
HALAL CERTIFICATION LOGOS AIM TO TRANSMIT MESSAGES OF RELIABILITY AND QUALITY
Halal certification systems are many and varied worldwide, but if they have one uniting feature, it is their use of logos, affixed to products, buildings and publicity, to promote the importance of their guidelines.
These symbols are important to certification bodies, and time and imagination is spent on making them distinct, even if their designs are not universally popular.…
RUSSIA PAINT SECTOR DISRUPTED BY INVASION OF UKRAINE, WHOSE COATINGS INDUSTRY FACES DEVASTATION
The Russian paint industry is being disrupted by its government’s invasion of Ukraine, with foreign coatings majors quitting the country, hit hard by resulting financial and trade sanctions. Ukraine’s smaller paint and coatings sector has been devastated by the miliary action, with factories and offices destroyed and supply chains wrecked.…
THE STREAMING LAUNDROMAT OFFERS ORGANISED CRIME A NEW CHANNEL FOR MOVING DIRTY MONEY
Streaming services that deliver online content, including gaming, videos and music, have opened new avenues for money launderers, including the ability of fraudsters to commit predicate offences, whose proceeds are hidden and moved.
The problem is exacerbated by the growing popularity of streaming – according to US-based Grand View Research, the global video streaming market alone was worth USD50.11 billion in 2020, projected to grow at a compound annual growth rate (CAGR) of 21% from 2021 to 2028.…
GOVERNMENT MEGA-PROJECTS KICK-START GROWTH IN MIDDLE EAST AND NORTH AFRICA PAINT MARKETS
The Middle East and North Africa (MENA) paint market has had a difficult past two years, but the sector is gradually rebounding, driven especially by major development projects and growth in Saudi Arabia and Egypt.
“It has been tough period. Covid-19 had a significant impact on the MENA.…
RUSSIAN INVASION OF UKRAINE CAUSES SUNFLOWER OIL SHIRTAGE AND COULD PROMT FAMINE IN AFRICA, SAY EXPERTS
The international oilseeds and related vegetable oil markets are facing major disruption through Russia’s invasion of Ukraine, with global vegetable oil prices soaring, according to the UN Food & Agriculture Organisation (FAO).
Its Vegetable Oil Price Index averaged 248.6 points in March, up 46.9 points (23.2%) from February, a new record high, driven by higher sunflower, palm, soy and rapeseed oil prices.…