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The Australian government has raised bureaucratic and regulatory hurdles that impede foreign investors from sinking money into the country’s agribusinesses, leaving the local dairy sector torn between the desire for growth and respecting Australia’s need to secure its food supplies.
Foreign money flowing into Australian rural businesses “has got to be investment that serves our national interest.…

THE EUROPEAN Parliament’s budgetary control committee has called for more thorough checks on European Union (EU) institution and budget spending. In a detailed resolution, it noted that while the value of EU frauds has been falling, the number of scams has been increasing.…

Abu Dhabi International Airport operator Abu Dhabi Airports has signed a United Arab Emirate Dirham AED458 million (USD124.6 million) contract with US-based Smiths Detection to upgrade detection and baggage screening systems at the airport’s upcoming Midfield Terminal.
The enhanced hold baggage system will include a high-speed explosives detection system, combining X-ray technologies to produce high-resolution images of baggage contents.…

The United States’ African Growth & Opportunity Act (AGOA) has helped boost many African countries’ apparel and textile sector, giving them duty-free and quota-free access to the US market. And while many are keen to see the act renewed before its expiration this September 30, some countries have benefited more than others.…

East Africa is emerging as an attractive sourcing alternative for apparel and textile producers around the world as costs in Chinese outsourcing centres rise especially. With cheaper labour and resources, the region has already attracted foreign investment, particularly from Asia.

International apparel and textile producers are looking hard at Ethiopia as an attractive production and sourcing destination.…

Taiwan is easing its 11-year-old import ban on offal and by-products sourced from United States and Canada-reared cattle over Bovine Spongiform Encephalopathy (BSE) concerns, by planning to classify six types of beef byproducts as “non-internal organs”, effectively clearing the way for their import.…

THE FINANCIAL Action Task Force (FATF) released its report on the ‘Financing of the Terrorist Organisation Islamic State in Iraq and the Levant (ISIL)’ on Friday. The 31-page report, following a four-month project launched in October 2014, is a summary of the revenue sources and financial activities of ISIL, emphasising that financing is a “constantly changing picture” and that more work needs to be done to develop countermeasures.…

QUALITY suspicious transaction reports (STRs) and suspicious activity reports (SARs) around the world are crucial to identifying and combatting money laundering – but a lack of feedback from law enforcement and financial intelligence units (FIUs) can discourage reporting entities from working to improve their reports.…

In the Gulf, the harsh desert climate has always made agricultural production difficult, so fats in the form of animal lard or milk ‘ghee’, have traditionally dominated diets.
But population growth in the Gulf Cooperation Council (GCC) countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – UAE), rising affluence, booming ex-patriot populations, and increasing diversity in imports, have driven increases in sales of higher end edible oils in the region.…

MIDDLE Eastern national oil companies do not always spring most readily to mind when demand for enhanced oil recovery (EOR) is discussed. The most obvious example of a country ‘least likely to’ need EOR is Saudi Arabia, with its vast oil reserves and a history of being able to rely on natural lift to produce.…