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PAKISTAN FAILS TO REAP GLOBAL HALAL MEAT MARKETS
PAKISTAN meat sector executives believe their export sector is underperforming, failing especially to seize sales in affluent international halal markets.
With an estimated annual output of 2.2 million tonnes, Pakistan is the 19th largest producer of meat in the world.…
SFO BUDGET CUTS ATTACKED AFTER DATA LOSS FIASCO
ANTI-CORRUPTION campaigners Transparency International have criticised sustained cuts in the UK’s Serious Fraud Office’s (SFO) budget after the SFO lost 3% of the evidence from a high profile corruption investigation.
“A strong and well-resourced SFO is critical to the fight against corporate bribery,” said Robert Barrington, executive director of Transparency International UK, after the SFO admitted losing data from its investigation into defence contractor BAE Systems over alleged bribery in winning a massive defence contract from Saudi Arabia.…
ASIAINFO-LINKAGE HELPS TELCOS TO HARNESS BIG DATA, WHILE REDUCING ‘BIG BROTHER’ SNOOPING FEARS
THE BIG question for mobile operators today is how to make an honest buck tomorrow, when Internet connectivity is getting so fast, over-the-top (OTT) service providers are becoming increasingly competitive. Some specialists predict operators will essentially become utilities, offering basic network services, leaving the cream to content and OTT companies.…
ISLAMIC BANKING STARTS TO GROW IN SUB-SAHARAN AFRICA
ISLAMIC banks are big business in the Middle East and Southeast Asia, but not thus far in sub-Saharan Africa. The World Bank’s International Finance Corporation (IFC), however, recently took a USD5 million, 15% equity stake in Kenya’s Gulf African Bank (GAB) to support corporate finance and lending to small and medium businesses – its first in the sub-Saharan Islamic bank sector.…
COMMUNICATION SKILLS INCREASE COMPANY PROFITS AS WELL AS MINIMISING BAD PUBLICITY
WHEN a senior company figure blunders in communicating through the media, the corporate and career costs can be high, but getting it right can drive sales and profits.
Examples in the debit column are rife. Gene Morphis, the CFO of Nasdaq-listed US womenswear chain Francesca’s Holding Corp was fired in May 2102 after his ‘Tweet’ message on social media site Twitter inadvertently disclosed share price-sensitive information from a board meeting in contravention of rules applied by the US Securities & Exchange Commission (SEC).…
MANUFACTURERS SEEK IMPROVEMENTS IN SPEED, PRESSURED BY FAST FASHION RETAIL
To meet apparel and textile brands’ desire to move into fast fashion, manufacturers have begun to embrace new production processes that improve efficiency and performance. Apparel and textile manufacturers have been slower than many other manufacturing industries to embrace supply chain improvements in speed, but are now succumbing to pressure from brands moving into fast fashion retail.…
MIDDLE EAST COSMETICS MARKETS DIVIDED: GULF BOOMS WHILE LEVANT STRUGGLES
PERSONAL care product market in the Middle East can be divided into two current trends: sales in the affluent Gulf Cooperation Council (GCC) countries are booming, while on the other side of the region, in the Levant, markets are feeling the effects of the Syrian conflict, with the loss of tourists and low consumer confidence impacting bottom lines.…
SCIENTISTS STRIDE AHEAD ON NANO-STORAGE FOR GAS TECHNOLOGY
FOR some time, scientists have been aware that the concept of something being ‘bigger’ on the inside than outside’ is not entirely locked away in the realms of science fiction. This is particularly the case with researchers working on the storage and utilisation of natural gas who have focused on metal organic frameworks (MOFs), which can store much more gas than an empty cylinder of the same size.…
MOBIXELL OFFERS MOBILE COMPANIES A PORTAL TO SELL GOODS AND SERVICES TO THEIR CUSTOMERS
Making money in the mobile communications sector is always about the art of the possible, but ambitious companies will always seek to tap the most revenue streams. The question, as ever, is how to achieve such goals, without being weighed down with additional layers of management that eat into those vital profit margins.…
CROATIA'S ACCESSION SPURRED IMPROVEMENTS IN AML/CFT REGIME
ON July 1, Croatia finally became the European Union’s 28th member state – a long-awaited accession following 10 hard years of negotiations. Many of the questions that surrounded Croatia’s eligibility centred on the country’s level of commercial crime and corruption, including money laundering, and concerns about its ability to tackle such problems effectively.…