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INTERNATIONAL INITIATIVES AIM TO HELP AIRPORTS RESPOND TO DISASTER EMERGENCY RELIEF EFFORTS
INTERNATIONAL efforts are under way to improve how airports can serve as effective humanitarian logistics hubs, reducing the risk that they become bottlenecks in disaster relief efforts. These moves follow research and a growing consensus in the air and aid sectors that while airports are undoubtedly a lifeline during crises, they can also hamper the efficient delivery of aid to victims.…
COSMOPACK AND COSMOPROF SEE INNOVATIONS PROVIDING GREEN BEAUTY IN A DIGITAL WORLD
This year’s edition of Italy’s premier beauty trade fair, Cosmoprof Worldwide Bologna (March 15-18) and its packaging “show within the show” Cosmopack have showcased innovations that will help pull the global personal care product sector towards a more sustainable future.
The 52nd edition of the successful B2B platform drew over 265,000 cosmetic beauty professionals, boasting an increase in visitors from abroad by 10% compared to the previous year.…
EGYPT PAINT INDUSTRY EXPANDS, DESPITE WEAK CURRENCY IN INFLATING IMPORTED INPUT COSTS
THE EGYPTIAN economy is still struggling to overcome the problem of low hard currency reserves, a challenge that has negatively affected the local paints and coatings industry due its high dependence on imports.
“There has been a crisis in terms of availability of US dollars to purchase raw materials and most of the raw materials are imported,” said Himanshu Vasisht, project lead for energy and chemicals at India-based market researcher Mordor Intelligence.…
FRANCE AND GERMANY FACING LEGAL ACTION OVER AML FAILINGS
BOTH France and Germany are facing legal action by the European Commission over their failure to implement the European Union’s (EU) 2015 fourth anti-money laundering directive (AMLD – 2015/849) correctly.
While both countries have written the legislation into national law, the EU’s executive has concluded that certain provisions are missing.…
ONLINE TOOLS OFFER ANTI-FRAUD INVESTIGATORS INCREASINGLY SOPHISTICATED SURVEILLANCE OF CRIMINALS
With more than 5.48 billion (see https://www.worldwidewebsize.com) pages on the internet, fraud investigators have a wealth of material at their fingertips to help trace fraudsters and link target individuals, objects, locations and events. Thankfully, there are also increasingly sophisticated sites and tools available online to make this task more efficient and less time-consuming.…
QUALIFIED GULF WOMEN NEED TO PUSH THEMSELVES FORWARD FOR SENIOR FINANCE POSITIONS – ACCA CONFERENCE TOLD
Women in the Gulf region need to put themselves forward and show the skills they can contribute to organisations if they want to be considered for more senior positions, participants of a recent event hosted by the Association of Chartered Certified Accountants (ACCA) have said.…
EU PLANS BLACKLISTING OF AMERICAN TERRITORIES OVER AML/CFT FAILURES
THE EUROPEAN Commission has included four American external territories – Puerto Rico, the US Virgin Islands, Guam and American Samoa – on a proposed blacklist of weak AML/CFT jurisdictions released today (Feb 13).
Brussels’ updated list includes 12 countries that are viewed with concern by the Financial Action Task Force (FATF) – the Bahamas, Botswana, North Korea, Ethiopia, Ghana, Iran, Pakistan, Sri Lanka, Syria, Trinidad & Tobago, Tunisia and Yemen. …
MAJOR BAHRAIN SHALE OIL AND GAS FIND COULD CREATE MAJOR DEMAND FOR FRACKING MINERALS
WITH Bahrain investigating its first major oil find in 86 years, the mineral sector will be keeping a close eye on exploration because this is an offshore shale oil and gas resource that will need fracking inputs to extract hydrocarbons.
“It is definitely very unique, a one of a kind oil find in shallower waters close to shore,” said Edgar van der Meer, senior research analyst at NRG Expert, in London.…
PETROFAC EXECUTIVE PLEADS GUILTY OVER MIDDLE EAST BRIBES
The former global head of sales for Jersey-based oilfield services company Petrofac International Ltd pleaded guilty February 6 to UK Bribery Act violations related to over USD50 million in bribes to agents to gain engineering, procurement and construction contracts in Iraq and Saudi Arabia. …
BAHRAIN’S UNIQUE OFFSHORE SHALE FIND COULD DEVELOP NEW EXTRACTION TECHNOLOGY
BAHRAIN’S first oil find since 1932 is of major economic significance to the small Gulf state, which has been less reliant on hydrocarbons than its oil and gas rich Gulf neighbours. But it is also of global significance, being a unique, conventional-unconventional offshore shale find in shallow waters.…