Search Results for: UAE
10 results out of 368 results found for 'UAE'.
EU BEEF, SHEEP AND GOAT MEAT EXPORTS FALLING FAST, SAYS EUROPEAN COMMISSION
THE OUTLOOK for European Union (EU) beef, sheep and goat meat imports looks bleak, with sales tumbling, according to an EU agricultural markets 2018 and 2019 forecast released by the European Commission.
Beef exports started falling by December 2017, and this has continued into this year, with exports almost 15% lower in the first four months of 2018 year-on-year.…
MARRIOTT FD PAUL SIMMONS PERSONIFIES THE HUMAN SIDE OF FINANCE
Paul Simmons, Chief Financial Officer, Marriott International Middle East and Africa, provides a glimpse into running the finances of the region’s largest international hotel operator.
The Middle East – particularly the countries of the Arabian Gulf – is known for its impressive skyline of luxury hotels.…
PASSENGER EXPERIENCE COMES TO THE FOREFRONT AT DUBAI AIRPORT SHOW
Enhancing the quality of passenger experience while maintaining maximum security was a recurring theme during the Dubai Airport Show 2018. The annual airport industry event, held from May 7 to 9, drew more than 7,500 visitors.
Covering 15,000 square metres of space across three halls of the iconic Dubai International Convention and Exhibition Centre, its 18th edition hosted more than 350 exhibitors from 60 countries.…
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.…
INTERNATIONAL TECHNICAL ROUND UP - EU TO FORCE INTERMEDIARIES TO REPORT TAX AVOIDANCE
*A newly approved European Union (EU) directive on transparency requirements for tax intermediaries will insist that accountants designing or promoting aggressive tax planning schemes report them to national tax authorities. The requirements, approved by the EU Council of Ministers, apply from July 1, 2020, and member states will have to fine intermediaries, including lawyers and bankers, that fail to report.…
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.…
BRAZIL LOSES COMMANDING POSITION IN GLOBAL TOBACCO LEAF MARKETS OVER PAST 10 YEARS, WTO DATA SHOWS
THE IMPORTANCE of Brazil as the world’s top supplier of internationally-traded tobacco leaf and manufactured products has been waning for the past decade, with India, notably, improving its position. New statistical analysis released by the World Trade Organisation (WTO) shows that this market share fall for Brazil also represented a decline in volume sales, given the global trade in tobacco leaf and products has shrunk since 2013 – until 2016, the year for which the latest data is available.…
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.…