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SHOULD Middle Eastern oil producers, Saudi Arabia in particular, be price makers rather than takers, confined to influencing prices through OPEC quotas? With OPEC’s contribution to overall oil production dwindling compared to non-OPEC producers’ output, and rising domestic demand in the Arab world, there are strong arguments for price signalling, but the turmoil in the region means any change in strategy will be difficult to implement.…

SO diverse are the Middle East’s oil and gas reservoirs and the environmental conditions encountered that companies focused on optimising exploration and production view the region as a giant laboratory for proving new technologies.

Its oil also varies hugely in viscosity, from the Arab Light crude of Saudi Arabia’s Al Khurais onshore field to the heavy crudes in Oman’s Mukhaizna onshore field.…

ETHIOPIA’S potential as a source of industrial minerals is beginning to be realised, with a growing number of exploration and mining projects underway, and rapidly increasing foreign investment.
To date, its Ministry of Mines has granted 72 industrial minerals exploration licenses – 61 to foreign companies, eight to Ethiopian/foreign joint ventures, and three to local companies; and 52 mining licenses – 28 to foreign companies, 17 to Ethiopian/foreign joint ventures, and seven to local companies.…

DECLINING demand from the USA and European Union (EU) for Bangladesh knitwear has not dampened the world’s second largest clothing exporter from aiming high. Rather, Bangladesh is planning to more than double its current knitwear exports, to USD20 billion by 2020, seeking out new markets.…

BY CARMEN PAUN IN BRUSSELS

IN a move which critics might claim animal welfare is being given priority over human safety, the European Union (EU) is about to implement a marketing ban on all cosmetics which have been tested on animals since March 11, 2013.…

BY CARMEN PAUN, IN BRUSSELS

AFTER two years from the entry into force of the Terrorist Finance Tracking Programme (TFTP) between the European Union (EU) and the United States, the European Commission patted itself on the back, claiming the agreement is working.…

BY MARK ROWE, MICHAEL KOSMIDES, IN ATHENS, AND MOHAMMED YUSUF, IN NAIROBI

WHILE Aden Adde International Airport, Mogadishu, Somalia, does not serve an unrecognised country, it has operated without an effective government since 1991. But with Mogadishu security now improving, airport traffic has grown from just three to four flights-a-day to around 18 this year.…

THE LUXURY packaging seent of the personal care product industry has always been important, but with the industry’s high end becoming increasingly profitable worldwide, packagers are assuming a really critical role.

Simply, while revolutionary formulations are being developed to tap wealthy markets, the resulting cosmetics and personal care products need to set themselves apart for marketing with classy exteriors.…

BY ROBERT STOKES

SMALL and medium sized enterprises (SMEs) in the European Union (EU) complain they cannot get finance from banks, or not on reasonable terms. Banks counter that there is just not that much demand.

Politicians have responded with schemes to improve the flow of finance to SMEs.…

BY CARMEN PAUN IN BRUSSELS

THE EUROPEAN Commission is hoping that the recent overhaul of the European Union’s (EU) Generalised Scheme of Preferences (GSP) will increase the flow of rare earth metals and aluminium oxide into the EU. Concerns persist about supplies of these important industrial minerals.…