Search Results for: United Nations

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.…

BY LEE ADENDORFF

EARLIER this year the search of the house of a notorious octogenarian loan shark in Naples made headlines in Italy. The news was given particular attention not because of the elderly gentleman’s reputation as one of the city’s most prominent usurers, but because of the amount of money investigators found hidden in his home: over Euro EUR5 million (US dollars USD7.15 million) in cash stashed behind tiles and false walls together with hundreds of thousands of Euros in debtor cheques.…

BY KEITH NUTHALL

THE UNITED Nations’ main crime-fighting body has valued the cost of the fraudulent medicine industry at USD1.6 billion annually in Africa and Asia alone.

Fake medicines have become an important health-related concern and a growing area of organised crime, something international bodies realise they need to increasingly deal with, said a communiqué from the UN Office on Drugs & Crime (UNODC).…

BY MJ DESCHAMPS

THE POOREST countries in the world have an unprecedented opportunity to attract investment in the pharmaceutical sector, according to a new report by the United Nations Conference on Trade and Development (UNCTAD).

The study stressed how large research and development-based pharmaceutical transnational corporations facing the expiration of blockbuster drug patents are entering into partnerships with profitable generic manufacturers in developing countries as a survival strategy.…

BY MATTHEW BRACE

Abu Dhabi-based airport systems integration provider Bayanat Airports Engineering and Supplies has signed a strategic partnership agreement to become the exclusive United Arab Emirates (UAE) sales representative for Adacel, an Australia-based specialist in advanced air traffic control simulators and automated ATM systems.…

BY RAGHAVENDRA VERMA

INDIA’S multi-billion dollar ‘2G’ scam is a startling example of extreme arbitrariness and blatant disregard to rules during a tendering process to make illicit money. Raghavendra Verma in New Delhi explains how the manipulation in the government’s distribution of mobile telephony frequency became the country’s biggest ever financial scandal.…

BY MARK ROWE

RENEWABLE energy investments may often be low in price, but when there are enough of them, they make a difference in a region’s energy profile. Such is the case for eastern Europe, where many millions of Euros are being invested in green energy projects.…

BY KEITH NUTHALL

BRAZIL and Argentina are among almost 100 countries expected to lose tariff breaks for their cosmetics exports to the European Union (EU), under a planned reform of the EU’s Generalised System of Preferences (GSP) system. The European Commission wants to focus import duty concessions on poorer countries and so those regarded by the World Bank as high-or-upper middle income states would no longer qualify from January 2014.…

BY KEITH NUTHALL

THE EUROPEAN Commission has delayed the planned April 29 end to European Union (EU) airport bans on carrying duty-free liquids bought outside the EU onto connecting flights. International airports in all 27 member states were supposed by then to have sufficient screening technology and procedures to ensure such liquids were safe.…

BY ZLATKO ?ONKA?

GENERAL Motors (GM) Europe unit Opel/Vauxhall is constructing a new engine plant in the western Hungarian city of Szentgotthárd, aiming to boost the company’s growing share of the south-east Europe market. Opel managers have said they want this Euro EUR500 million investment (US dollar USD713.780 million) to help the company grow its 5.5% market share (in 2010 – 35,456 cars) of the regional market, making it the sixth most popular marque (up from eighth in 2009).…