Search Results for: saudi arabia⊂mit=Search
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OIL PRICES AFFECTING DEMAND FOR SPECIALIST COATINGS IN MENA AREA
DEMAND for coatings for the Middle East’s oil and gas sector has been sluggish in the wake of lower energy prices. New infrastructure projects and maintenance is ongoing, but with government and national oil companies’ (NOCs) budgets getting tighter, so is the demand for innovative coating solutions.…
NONWOVENS FINISHERS COMBINING COLOURING AESTHETICS WITH SUSTAINABILITY
AN APPRECIATION of interior design along with environmental concerns appear to be driving innovation when it comes to the colouring of nonwovens.
Often used in functional or ‘behind the scenes’ capacities in industrial applications, colour is not always top of the list when consideration is given to nonwovens finishing processes.…
MIDDLE EAST AND AFRICA FRAGRANCE MARKETS
IT has been a tough year for the fragrance industry in the United Arab Emirates (UAE), where competition between international and local brands has intensified, while consumer spending has been weakening. But this has not stopped perfumiers from launching new products nor has it prevented overseas suppliers from expanding their local presence.…
GETTING MORE OIL FROM EXISTING RESERVES WHILE LIMITING GLOBAL WARMING MAY NOT BE CONTRADICTORY, BUT COULD BE COSTLY
Enhancing the percentage of oil recovered from existing assets is a no-brainer for countries that want to maximise economic gains from their oil reserves.
In an era of apparently ‘lower for longer’ oil prices, it is high up the agenda for oil companies and governments.…
GULF ECONOMIES DAMPENED BY LOW OIL PRICES, BUT CONSUMERS STILL PREPARED TO SPLURGE ON PERSONAL CARE PRODUCTS
The Arabian peninsula oil-producing nations of the Gulf Cooperation Council (GCC) have long been considered a lucrative consumer market for international brands. Many businesses flourish in the region and the beauty and personal care product industries are no exception.
According to Euromonitor International, the retail value of the GCC region’s beauty and personal care market was USD9.3 billion in 2016 – member countries are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).…
GCC COUNTRIES MOVE TO BOOST WOMEN REPRESENTATION ON BOARDS – BUT PROGRESS IS SLOW
Promoting women to corporate boards within the Middle East and elsewhere can directly improve profitability and change the way a company approaches its market, participants at a recent networking breakfast hosted by ACCA concurred.
Entitled ‘Women in Finance: beyond the numbers’, the event was held on February 2 at the Four Seasons resort hotel in Dubai and attended by senior finance professionals and leaders from the United Arab Emirates (UAE).…
EXPERTS URGE MORE GULF STATE ACTION TO CURB TERRORIST FINANCING
Terrorist financing is continuing in the Middle East, highlighted by the devastating attack in Istanbul over the new year. Radical Islamic groups still operate in Iraq and Syria, notably the Islamic State and the Levant, or ISIL (also known as ISIS), and the source of funding for these terrorist groups is a contentious issue.…
GLOBAL OLIVE OIL SECTOR BECOMES MORE DIVERSE AS EMERGING COUNTRY PRODUCERS DEVELOP OUTPUT
THE OLIVE oil industry has traditionally been dominated by some key major European players, notably Spain, Italy and Greece, but with global consumption rising, production is emerging in countries which have previously relied on imports.
International Oil Council statistics show how new production centres are being created.…
EXPERTS URGE MORE GULF STATE ACTION TO CURB TERRORIST FINANCING
Arab Gulf governments are repeatedly accused of aiding terrorist financing on and, more often, off the record. Calls to get tough on these states have been sidelined by political and economic expediency, while Gulf moves to curb terrorist financing have been lacklustre and there may be risks ahead, reports Paul Cochrane, in Beirut.…
SAUDI ARABIA: MALE GROOMING MARKET GROWS – AS MORE SAUDI MEN WORK IN OFFICES
Saudi Arabia’s economy has been going through tough times ever since oil prices started tumbling in late 2014. Only a few market segments have withstood the effects of the latest downturn – men’s grooming being one of them. Overall, the male grooming market in the kingdom registered a minor value decline of 0.4% in 2016 compared to 2015, reaching Saudi Arabian SAR2 billion (USD533.2 million), according to research company Euromonitor International.…