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Leading Bangladesh steelmaker KSRM has joined rivals BRSM and Abul Khair in building new billet plants, lured by cheaper production at home and prospects of overseas sales.

All three companies now say they hope to start operations of new mills in the coming year (2014), with their combined annual output of billet reaching 3 million tonnes, double the size of the country’s estimated billet imports of 1.5 million tonnes per year, industry insiders have told Steel First.…

PAINT manufacturers have been expecting a major boost to business following the economic stimulus and infrastructure investment projects launched by Gulf governments over the past few years. But projects have not materialised to the degree expected, and while the USD2.26 billion Gulf paint and coating market is still flourishing, it is not meeting expectations.…

PAINT manufacturers have been expecting a major boost to business following the economic stimulus and infrastructure investment projects launched by Gulf governments over the past few years. But projects have not materialised to the degree expected, and while the USD2.26 billion Gulf paint and coating market is still flourishing, it is not meeting expectations.…

THE HIGHLY diverse and emerging markets of the Middle East, North Africa, and South Asia (MENASA) face major challenges in bringing financial services, accounting and auditing up to international standards. They are often lacking qualified professionals and sometimes overly reliant on expatriate expertise.…

A SENIOR official within an organisation charged with increasing European textile exports to Russia has told WTiN.com that Russia’s 2012 accession to the World Trade Organisation (WTO) has created real opportunities for European manufacturers to score Russian sales.

Igor Salomakhin, head of the Moscow liaison office of the Russia-Europe Textile Alliance (RETA), has told WTiN that it is helping a growing number of European textile businesses expand their sales in Russia by helping establish direct contact with new customers in Russia.…

AUSTRALIAN beef exporters are nervous about a decision by the Russian government – confirmed directly to globalmeatnews.com – that it is planning to lift the existing ban on imports of US beef. It has been banned since this February (2013), with the official reason being the use of beta agonists in US beef production – and since then, Australian exports of high-end (chilled, not frozen) high value beef exports to Russia over the last 10 months have soared.…

Given its location, political actors and recent history, Lebanon has long been under the international regulatory spotlight. The US Treasury’s fingering of the Lebanese Canadian Bank in 2011 for money laundering concerns rocked its financial sector. Beirut has since been scrambling to address any short-comings, while at the same time dealing with sanctions on neighbouring Syria.…

THE BALTIC States’ proximity to Russia and their position as a border between eastern and western financial markets, renders Estonia, Latvia, and Lithuania particularly at risk as regards money laundering.

Hard hit during the global financial crisis they have still made considerable strides towards improving anti-money laundering (AML) and combating the financing of terrorism (CFT) legislation while transitioning into the Eurozone: Estonia joined January 2011; Latvia will join this January; Lithuania wants to join by 2015. …

DIGITAL innovation and exports dominated discussion at the 31st edition of Liber 2013, Spain’s leading book fair, which ended on Sunday (October 6) in Madrid after drawing 10,000 visitors, compared with 6,000 last year in Barcelona.

And while 450 exhibitors and 300-plus international buyers almost universally framed their comments in terms of recession, robust overseas sales and advances in e-publishing made for a slightly more positive mood than last year.…

While Syria is mired in its bloody civil war, it remains targeted by multilateral sanctions. But despite being essentially cut off from the international banking system, Damascus is evading these sanctions by using Russian banks, and is being financially propped up by Iran.…