Search Results for: Saudi Arabian

BY PAUL COCHRANE

THE WESTERN financial system is undergoing profound change, of weakened trust in the sector, heightened tax regulations, pressure to curb banking secrecy and tougher regulatory compliance. As a result, the owners of legal and extra-legal capital who are looking for a safe haven for their money are starting to consider destinations outside the established offshore jurisdictions – the less regulated financial centres of the Middle East and Asia.…

BY PAUL COCHRANE

SAUDI Arabia’s failure to secure a wide-ranging atomic energy treaty with the USA, continues to push the oil-rich country into the arms of other nuclear suiters, experts on the kingdom have told World Nuclear News. The Saudis plan is to invest USD112 billion over the next 20 years to build 16 nuclear power plants (NPPs) to offset rising domestic energy demand and retain its position as a leading hydrocarbons exporter.…

BY KEITH NUTHALL

THE EUROPEAN Food Safety Authority (EFSA) is staging a re-evaluation of the sweetener aspartame after it agreed to bring forward from 2020 a scheduled inquiry, despite recent scientific assessments failing to reveal fresh concerns about the sweetener.

Indeed, EFSA reviewed the latest studies on aspartame only in April, but accepted a European Commission request for a new study.…

BY PAUL COCHRANE

THE MULTI-billion dollar beauty market in the Middle East’s Gulf countries is back on an upward trend, thanks to renewed economic growth as this rich region, with avid consumers start spending again. Demand for cosmetics and personal care products are being driven by high disposable incomes, new sales channels and a growing lifestyle trend among both men and women in terms of plastic surgery, personal fitness and body care.…

BY SERAJ ELALEM and JOSH MULL

ON February 17 as Libya’s revolt against the regime of Col Muamar Gaddafi began, Judith San Pedro, 52, reported to work as head nurse in the intensive care unit of Al-Jala Hospital in Benghazi, Libya.…

BY MJ DESCHAMPS

THE CANADIAN federal government is planning to scrap the legal monopoly operated by Canadian Wheat Board (CWB) for grains grown in Manitoba, Saskatchewan, Alberta and parts of British Columbia. The legal requirement that farmers in this area sell wheat and barley to the CWB would disappear on August 1, 2012.…

BY MATTHEW BRACE

The United Arab Emirates’ (UAE) Fujairah International Airport has selected Czech Republic and Slovakia-based IT company ALES for the supply of an air traffic control system and ERA (part of American technology and systems company SRA International) for a wide area multilateration radar to fully automate the airport’s air control centre, and implement an advanced surveillance solution.…

BY KEITH NUTHALL and DAVE YIN

THIS has been the year where the European Union (EU) considered imposing a draconian origin labelling law that would have been a major headache for knitwear manufacturers and retailers. In the winter, the European Parliament was seriously discussing insisting on a regulation forcing knitwear and crocheted clothes and accessories imports into the EU to carry country of origin labels.…

BY MATTHEW BRACE

The return of economic growth in the Middle East – especially in the Arabian Gulf region – has prompted European aviation technology company AVTECH to establish a new subsidiary in Dubai.

AVTECH Middle East LLC opened for business on May 31, 2011, after more than three years of collaborations between AVTECH Sweden AB and local United Arab Emirates (UAE) businessman Dr Mohammed bin Saeed Al Badi (SPELLING CHECKED).…

BY MATTHEW BRACE

The countries of the Arabian Gulf region will spend USD90 billion on new airports and expansion projects over the next few years, according to the organisers of the Dubai Airport Show 2011. The figure is based, in part, on figures from the Airports Council International and the International Air Transportation Association (IATA) that have predicted that airports in the Middle East are expected to handle more than 400 million passengers yearly by 2020.…