Search Results for: UAE

Consumers in Japan are notoriously fickle and constantly in search of the next greatest product – and in a nation that takes its food very seriously, that applies doubly to the confectionery sector.

Sales of ice cream have been strong in recent years and continue to grow, although chocolate confectionery sales came to Japanese Yen JPY342 billion (USD2.95 billion) in the calendar year 2013, a minor contraction on the previous year – blamed on poor weather during the traditionally busy summer months.…

Multilateral talks over Iran’s nuclear power programme have partly and temporarily eased certain sanctions against the country. Yet while businesses worldwide are keen to get into the lucrative Iranian market to offer all kinds of good and services, the overarching sanctions regime put in place by the United States, the European Union  (EU) and the United Nations still remains, as do the risks of doing business with Iran, considered one of the world’s riskiest jurisdictions.…

THE ETHICAL traits of Sharia-compliant, or Islamic, financing, such as not allowing interest or investments in gambling and tobacco, have made sustainable and responsible investment (SRI) and green funds an obvious extension for the sector. But with Islamic finance already being a niche market, compared to conventional financing, initiatives to diversify into SRIs have struggled over the past several years.…

THE United Arab Emirates (UAE), including Dubai and Abu Dhabi, heads the global league table for the percentage of consumers reporting that they have been victims of fraud involving credit, debit or prepaid cards. This emerges from a fraud study of more than 6,100 consumers across 20 countries conducted by international payment systems provider ACI Worldwide and analysts Aite Group.…

THE MIDDLE East cosmetics market is weathering the region’s current political and economic instability in the region. While the markets in the Levant are experiencing tough times, Gulf sales continue to grow. Retailers and manufacturers are also offsetting the losses incurred in depressed and unstable countries by exporting to burgeoning African markets.…

INDIAN apparel exporters have demanded a series of favourable policy decisions from the new Bharatiya Janata Party (BJP)-led government while welcoming foreign buyers at the 53rd India International Garment Fair, held in New Delhi from July 14 to 16.
A presentation from the country’s Apparel Export Promotion Council was released to the conference, calling on the Indian government to conclude the planned EU-India free trade agreement “immediately to counter [the] competitive price advantage available to Bangladesh, Cambodia, Vietnam…” The paper also argued that until such a deal is struck the Indian government should compensate garment exporters with export subsidies equaling the burden of import duties imposed by EU.…

The importance of creativity in fuelling and underpinning economic development, especially within the financial sector, has been the focus of a roundtable discussion in Dubai involving 17 high profile female senior managers.

They listened to and discussed a presentation by Mark Batey, joint chair – psychometrics at work research group, Manchester Business School, at the Shangri La Hotel, in the United Arab Emirates (UAE) emirate, on May 12.…

Global technology analysts Gartner Inc is well known for its articulated predictions. An announcement in January 2014 to accompany its report on ‘Predicts 2014: The Rise of the Postmodern ERP and Enterprise Applications World’, highlighted the complex, and at times conflicting scenario facing companies considering moving their enterprise resource planning (ERP) systems to the cloud.…

Bangladesh steel makers are anticipating a rush of orders with the country beefing up efforts to implement new generation infrastructure projects involving billions of dollars. Government data indicates that more than USD13 billion will be invested in projects whose construction is planned over the next 10 years, ranging from a metro railway in the capital Dhaka, to elevated expressways, a deep-sea port and an underwater road tunnel in the southeastern port city of Chittagong.…

WHEN the Percassi family, owners of the successful make-up brand KIKO Make Up Milan, purchased in October 2013 a UNESCO-listed historic industrial site called Crespi d’Adda in northern Italy, it was not only a sign of their success, but proof of the old adage that tough economic times can be good for the beauty industry. …