Search Results for: saudi arabia
10 results out of 471 results found for 'saudi arabia'.
GULF CAR SECTOR BOOMING, BUT WITH A FEW EXCEPTIONS SAY EXPERTS
BY PAUL COCHRANE, in Kuwait City and Beirut
THE AUTO sector and market of the Middle East’s Gulf region experienced yet another boom year in 2007 on the back of high oil prices, a rising population and strong economic growth. But although sales were uniformly high among the six Gulf Arab states that make up the Gulf Cooperation Council (GCC), Kuwait had a noticeably slower year, particularly for American and European brands.…
OIL-RICH KUWAIT MOVES TO BAN SMOKING IN PUBLIC PLACES
BY PAUL COCHRANE, in Kuwait City
KUWAIT is set to follow Dubai by banning smoking in public places, a move that is expected to further hit local struggling non-premium tobacco distributors, who are still reeling from a hike in duty and advertising bans imposed five years ago.…
AL ZOUR: THE WORLD'S LARGEST 'GRASS ROOTS' REFINERY IS BEING BUILT IN KUWAIT
BY PAUL COCHRANE, in Kuwait City
THE KUWAIT National Petroleum Company is pushing ahead with multi-billion dollar energy projects, recently green lighting a US$14 billion budget for the 615,000 bpd Al Zour refinery, the world’s largest purpose built facility of its kind.…
IRAN AND VENEZUELA DEVELOP ANTI-AMERICAN OIL AND GAS AXIS
BY RACHEL JONES, in Caracas
FOLLOWING the late-November OPEC summit in Riyadh, Saudi Arabia, Venezuelan President Hugo Chavez visited Tehran to discuss joint ventures over oil refining and then chuckle with his Iranian counterpart, Mahmoud Ahmadinejad, over the weakened US dollar.…
CHINA IS KEY SOURCE OF GLOBAL COUNTERFEIT CAR PARTS TRADE SAYS OECD
BY KEITH NUTHALL
CHINA has been baldly accused of hosting much of the world’s booming counterfeit auto parts production. A detailed report by the planet’s largest think tank – the Organisation for Economic Cooperation and Development (OECD) – said: "China has been repeatedly identified as the principal source of counterfeit activity in the automotive sector, involving both trademark and design infringements.…
SAUDI ARABIA TOUGHENS MONEY LAUNDERING AND TERROR FINANCE PROCEDURES
BY PAUL COCHRANE, in Beirut
SAUDI Arabia, the Middle East’s largest economy and a major political player internationally, has been linked to terrorist financing, but despite AML and CTF measures put in place by the kingdom, very little is known about the country’s implementation and adherence to regulations.…
OIL MAJORS FACE UNEVEN DEVELOPMENT OF VAST MIDDLE EAST LNG RESERVES
BY PAUL COCHRANE, in Beirut
WITH demand for liquefied natural gas (LNG) surging across the globe, the Persian Gulf is at the epicentre of LNG developments due to its vast gas resources. But the rapid expansion of the sector is not without complications.…
OIL MAJORS FACE UNEVEN DEVELOPMENT OF VAST MIDDLE EAST LNG RESERVES
BY PAUL COCHRANE, in Beirut
WITH demand for liquefied natural gas (LNG) surging across the globe, the Persian Gulf is at the epicentre of LNG developments due to its vast gas resources. But the rapid expansion of the sector is not without complications.…
MIDDLE EAST FEATURE - UAE BAHRAIN LEBANON SAUDI ARABIA
BY PAUL COCHRANE, in Beirut
SALES of cosmetics, perfumes and toiletries are surging in the Middle East, with sales reaching US$2.1 billion last year according to official statistics.
German cosmetics and toiletries manufacturing giant Beiersdorf estimated regional growth at 10% percent last year.…
BAHRAIN
BY PAUL COCHRANE, in Beirut
Bahrain has a population of less than 800,000 and is not a major market for the international players, but with a growing economy sales are consistent and should increase as the retail environment develops. No soaps or cosmetics are made in Bahrain, imported from plants in neighbouring Saudi Arabia and the UAE, as well as from Asia, Europe and North America.…