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A MEETING of the European Parliament’s special committee on tax rulings has grilled multinationals over European Union (EU) member state tax rulings. The European Commission fears they have been abused by governments giving companies low tax rates in return for registering businesses in their jurisdictions.…

THE UNITED Arab Emirates’ (UAE) fragrance retail market (unisex and those targeted at female and male consumers) experienced healthy growth in 2015 compared to 2014, increasing 8% in value terms to reach Emirati Dirham AED2.23 billion (USD607.2 million), according to market researchers Euromonitor International.…

Experts predict artificial intelligence-based technology may underpin anti-money laundering (AML) measures within the next decade. With artificial intelligence (AI), or cognitive computing, services already providing significant applications in the financial crime prevention industry, several companies have begun developing and commercialising AI-based technology for AML.…

AT a time when the world is regularly sickened by the web-cast beheadings and civilian bombings by Islamic State (IS), it is perhaps hard to recall when Lebanon Shia militant Hizbullah group was regarded as maybe the world’s most notorious international terror group.…

BRAZIL may have emerged the world’s largest sun care market in terms of sales in 2014, pushing past the United States (US), according to market researchers Euromonitor International. And the country may retain its suncare crown – sales are expected to continue growing between 2014 and 2019, albeit at a slower pace compared its growth between 2009 and 2014. …

A shortage of raw materials and domestic equipment is making import substitution difficult for the Russian textile sector. Indeed, instead of seeing rising production amidst increased rhetoric about localising production, fabric output has slumped across all categories. According to industry insiders, manufacturers are still years away from replacing imports with locally-made products.…

THE EUROPEAN Medicines Agency (EMA) is to stage assessments of the effectiveness of its medical literature monitoring service in this coming year to ensure the effectiveness of this pharmacovigilance service.  An independent audit of the system’s internal quality management, controls and its output will be conducted early this year (2016).…

MILLENNIAL CONSUMERS ARE SHAKING UP INDIAN MARKET

The emergence of the millennial generation – those born between 1980 and the early 2000’s – is going to drive how consumption, including that of food, takes place in India, according to retail and manufacturing heads at the India Food Forum, which was held in Mumbai between January 19 and 21.…

Five years since the start of the Arab uprisings in 2011, instability is still impacting cosmetics sales in the Levant and north Africa. Last year saw a slight improvement on overall sales in 2014, the year the Islamic State spread through northern Iraq and Syria, but figures are down on 2013, and the growth projected in 2010, according to figures from market researcher Euromonitor International and estimates from cosmetics companies.…

THE JORDANIAN and Lebanese confectionery markets are both in a state of flux due to the conflict in neighbouring Syria, now into its fifth year. Local production has faced major competition from Syrian entrants fleeing the chaos of their home country, particularly in Jordan; while in Lebanon imports of parallel goods have soared over the past few years.…