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ONE of the wealthiest countries in the world, Qatar’s gross domestic product (GDP) per capita was estimated at USD73,653 in 2015, according to the World Bank. Close to 85% of the country’s 2.5 million population are expatriates and this has influenced the skincare products on offer, while high levels of disposable income continue to drive consumption.…

VIETNAM’S construction and manufacturing sectors are driving demand for paints and varnishes as economic growth remains healthy despite speed bumps this year. While this key south-east Asian emerging market’s economic growth took a hit this year thanks to environmental issues and weak global export demand, the country’s paints and coatings industry continues to grow.…

THE INTERNATIONAL Confederation of European Beet Growers (CIBE) and the European Association of Sugar Producers (CEFS-Comité Européen des Fabricants de Sucre) have jointly called on the European Union (EU) to continue protecting producers with import tariffs, even as the EU negotiates 12 trade deals affecting the food industry.…

VIETNAM’S construction and manufacturing sectors are driving demand for paints and varnishes as economic growth remains healthy despite speed bumps this year. While this key south-east Asian emerging market’s economic growth took a hit this year thanks to environmental issues and weak global export demand, the country’s paints and coatings industry continues to grow.…

A global player in the textile tyre, composite and construction reinforcement technologies market, Turkey’s Kordsa Global is benefiting from a new research initiative as it seeks to remain a world leader in the market of tyre reinforcement technologies.

Keen to reinforce its own position as an innovator, in 2014 Kordsa Global entered into a partnership with Sabancı University to create the Composite Technologies Centre of Excellence.…

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).…

A trial into alleged corruption by disgraced former Turks & Caicos Islands (TCI) Premier Michael Misick and his former ministers has heard how they had browbeaten a former British Governor, ignoring his calls for them to follow due process in economic development policies.…

The world’s leading sportswear brands and manufacturers are struggling to equip their factories with the robotic cyberphysical systems (CPS) element of Industry 4.0 processes, at least in the near term, a major international conference has heard.

Last week’s World Federation of Sporting Goods Industry (WFSGI) Manufacturers Forum in Taichung, Taiwan, (held on November 15-16), played host to delegates from 20 countries representing brands such as adidas, Nike and Giant Bicycles, market-leading manufacturers such as Taiwan’s footwear specialist Pou Chen, as well as academics and Industry 4.0 experts.…

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.…

Turkey’s rocky political situation following the failed military coup of July 15, the following massive purges and recurring terrorist bombings may have a negative effect on the country’s large textiles sector, experts are warning.

“It’s likely to lead to some uncertainties, obviously, in the general economy,” Turkey-born economist Ozan Şakar, of managing director of London-based Descartes Capital.…