Search Results for: UAE
10 results out of 368 results found for 'UAE'.
GREEK TOBACCO INDUSTRY RALLIES AGAINST SERIES OF SETBACKS
The economic crisis, anti-smoking legislation, increased product taxation and new tax regimes for producers are taking their toll on the Greek manufactured tobacco market.
A surge in cigarette prices has depressed cigarette sales and increased fine cut tobacco sales, according to market researchers Euromonitor International.…
GULF COATINGS MARKET STILL WITNESSING STAGNANT GROWTH, BUT PLANNED MAJOR EVENTS MAY PERK UP SALES
THE GULF paint and coatings market has had another year of stagnant growth, with sales impacted by stalled infrastructure projects, government policies and regional turbulence. Sales in 2017 were further impacted by the economic siege of Qatar, now into its seventh month, by its Gulf Cooperation Council (GCC) neighbours Saudi Arabia, the United Arab Emirates (UAE), and Bahrain.…
SOUTH AFRICAN EXPAT USES PASSION FOR ACCOUNTING PROFESSION TO DRIVE FINANCIAL EXCELLENCE IN THE GULF
Cynthia Corby is living proof that the sky is the limit for female accounting professionals. An audit partner and construction industry leader at Deloitte Middle East, the South African national has broken every glass ceiling in the industry. Not only was she the youngest audit manager ever in Deloitte South Africa at the age of 23, but 10 years later, she became one of the first female partners at Deloitte Middle East.…
INTERNATIONAL TECHNICAL ROUND UP – EU RELEASES TAX EVASION BLACK LIST
*The European Union (EU) Council of Ministers has published a blacklist of jurisdictions it thinks do not cooperate sufficiently with international efforts to reduce tax evasion. They are American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macau, the Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad & Tobago, Tunisia and the United Arab Emirates (UAE).…
EU COUNCIL ADOPTS CONTROVERSIAL MONEY LAUNDERING AND TAX FRAUD BLACKLIST
THE EUROPEAN Union (EU) Council of Ministers today (December 5) adopted a money laundering blacklist, bringing widespread criticism because the listing – designed to prevent tax fraud and evasion – only covers countries outside the 28-nation bloc. Despite the European Commission screening 92 jurisdictions worldwide, the final list of non-cooperative jurisdictions in taxation matters only contains 17 jurisdictions: American Samoa, Bahrain, Barbados, Grenada, Guam (another US territory), South Korea, Macau (a China special administrative region), the Marshall Islands, Mongolia, Namibia, Palau, Panama, Saint Lucia, Samoa, Trinidad & Tobago, Tunisia and the United Arab Emirates (UAE).…
THE FUTURE OF BEAUTY IN SAUDI ARABIA
Saudi Arabia’s efforts to liberalise its society and economy are positively affecting the local beauty market. Ever since the global plunge in oil prices that led to the shrinking of the state’s budget, the kingdom’s government has embarked upon major economic reform.…
UAE BEAUTY SALES MOVE ONLINE AND TOWARD NATURAL AND ETHICAL LINES
With its mega shopping malls, opulent standards of living and investor-friendly climate, the United Arab Emirates (UAE) has always been a strategic market for international beauty brands. The small nation of 9.27 million was ranked as the seventh biggest consumer of beauty products in the world by research firm Euromonitor International, with a per capita spend of around USD239 in 2016.…
ABU DHABI AIRPORTS CHAIRMAN SAYS NEW TERMINAL WILL OPEN BY END OF 2019
THE CHAIRMAN of Abu Dhabi Airports has said that the new terminal of Abu Dhabi International Airport (AUH) will open in the fourth quarter of 2019, well past the project’s original 2017 completion deadline. Awaidah Murshed Al Marrar said that 86% of construction work for the 742,000m2 Midfield Terminal Building (MTB) was now completed, “despite the challenges and difficulties…” At a meeting of project partners, he said the expansion would ensure that the United Arab Emirates (UAE) capital’s airport would make “its mark on the regional and international air transport map”, handling 45 million passengers-a-year by 2027.…
QATAR STAND OFF HIGHLIGHTS GULF FAILINGS OVER COUNTER-TERROR FINANCE CONTROLS
THE FIVE month-long diplomatic and commercial dispute between Qatar and the so-called ‘anti-terror quartet – ATQ’ of Saudi Arabia, the Saudi Arabia, Bahrain, the United Arab Emirates (UAE) and Egypt) continues and revolves around Doha’s alleged financial support for terrorist groups.…
VEGAN MAKEUP BECOMING MAINSTREAM IN THE UAE
THE UNITED Arab Emirates (UAE) has long been a fertile ground for colour cosmetics brands thanks to its large young population (its median age is just over 30) and the presence of image conscious consumers. Despite the pressure of rising costs and fierce competition among brands, the country’s colour cosmetics market experienced moderate growth in 2017 compared to 2016, increasing an estimated 4% in value terms to reach Emirati Dirham AED1.1 billion (USD299.4 million), according to market researcher Euromonitor International.…