Search Results for: saudi arabia

Global supply chain delivery delays and price tensions continue to disrupt Italy’s otherwise robust food can production sector. With profit margins squeezed, food canners expect prices to rise across the board for these long shelf-life food staples

According to Italian can manufacturing industry association ANFIMA’s most recent data, Italy produced 698,523 tonnes of rigid metal packaging (tinplate and steel) and 24,745 tonnes of aluminium packaging in 2020, up 3.6% and 7% from the same period the previous year, respectively.…

The food halal market for Portugal, a largely Christian country that was in the early Middle Ages part of the Muslim world, has been expanding, serving a growing local Muslim community and Muslim tourists keen to taste Portuguese food.

Between 711 and 1249, most of Portugal was under Muslim rule, which influenced its language and culture.…

Oil-service provider Petrofac is to pay out a total GBP77 million (USD104.6 million) after pleading guilty to seven separate counts of failure to prevent bribery to win over GBP2.6 billion (USD3.5 billion) in Middle East contracts. In a case brought by the UK Serious Fraud Office (SFO), Her Honour Judge Deborah Taylor October 4 sentenced the Jersey-based contractor in Southwark Crown Court to pay GBP47,197,640 (USD64,208,613) in fines, a GBP22,836,985 (USD31,066,704) confiscation order plus the SFO’s GBP7 million (USD9.5 million) costs.…

Many friends ask me why, as a businessman and investor controlling pioneering projects, why I am concerned with politics? I always answer that my experience has taught me that the key to progress lies in politics, and this is especially true in Arab countries, where, frankly, politics is everything. …

WHILE the imposition of age limits on the consumption of tobacco and other nicotine products remains very much a national, and in some cases sub-national jurisdiction decision, there is no doubt that the general trend worldwide is for tighter restrictions on younger consumers, even if they are often tough to enforce.…

Young and aspiring accountants might balk at the idea of working in the Gulf Cooperation Council (GCC) region’s oil and gas sector. A connection to hydrocarbons amid growing societal pressure to de-carbonise economies can, in some circles, attract criticism.

But for GCC accountants, the ability to combine financial reporting with every increasing sustainability assessment tool, means oil and gas might be a good long term career bet.…

President Joe Biden may think he has three main foreign policy priorities this year – China, Russia and Iran – but the truth is, as far as the Middle East is concerned, all these challenges roll into one.

That is because both China and Russia are seeking increased influence in the Middle East, and hoping for potential missteps from the USA over the Iran file to leverage their diplomatic positions.…

Saudi women are taking up professional roles unimaginable a few years ago, and that includes in accounting, a trend encouraged by the government. A new women’s accountancy programme was launched in March (2021) by the Saudi Organization for Certified Public Accountants (SOCPA), supported by the ministry of commerce.…

MALTA’S only multiple casino operator has been fined over serious AML/CFT failings, with the country’s Financial Intelligence Analysis Unit (FIAU) ordering Tumas Gaming Ltd to undertake AML control reforms.

The company must pay EUR233,156 for breaching the country’s Prevention of Money Laundering and Funding of Terrorism Regulations.…

When the COVID-19 pandemic unfolded in the first half of 2020, China’s textile industry quickly increased its nonwoven-based supply capacity of protective masks, medical protective clothing, isolation clothing and other emergency prevention and control materials.

Data compiled by the China National Textile and Apparel Council show that the country’s output of nonwoven products recorded a robust year-on-year growth of 14.4% in in the first eleven months of 2020.…