Search Results for: united nations

A banker with the London-based European Bank for Reconstruction & Development (EBRD) has been jailed for six years by London’s Old Bailey Central Criminal Court of England and Wales on June 20 for taking USD3.5 million in bribes from a consultant, plus two years for money laundering to run concurrently.…

SAUDI Arabia’s hot and humid desert climate has made it a high-priority higher income market for international deodorant brands. With temperatures regularly exceeding 45 degrees Celsius in the summer and 30 degrees in the winter, staying fresh all day is a social necessity.…

THE EVER-intensifying skyline of Nairobi, Kenya’s capital city, illustrates the rapid economic growth of this equatorial East African country, and its growing workforce is increasingly keen to buy deodorants to keep them dry and comfortable in the office and outside.

An increased focus on banking, industry, manufacturing and construction have raised the country’s gross domestic product (GDP) by 5.3% year-on-year in 2014 and 5.6% in 2015 (Deloitte Economic Outlook 2016).…

WITH a climate that leaves consumers constantly battling with dry and frizzy hair, and with a sizeable population of 32.6 million people, Saudi Arabia has become a strategic destination for haircare brands. Despite the deceleration of economic activity over the last year and tighter liquidity, the Kingdom’s haircare market experienced moderate growth in 2016 compared to 2015, increasing 1% in value terms to reach Saudi Arabian Riyals SAR2.9 billion (USD746.4 million), according to market researcher Euromonitor International.…

NON-GOVERNMENTAL Organisations (NGOs), international aid agencies and charities are under increased pressure to abide by international and domestic regulations that ensure their financial probity and avoidance of corruption. But while there is often effective oversight in their home countries, when in the field, especially in conflict zones, NGOs can struggle to navigate local rules and adapt to difficult circumstances to ensure appropriate auditing is in place.…

ACCOUNTANTS must become trusted business advisers to succeed in big corporations, says ACCA-qualified Sumathi Mohnani, whose 20-year career at IBM has seen her become Global Integration CFO for one of its subsidiaries – Sanovi Technologies.

“You need to understand the business itself – the product or the service that you are selling,” she stressed.…

THE EUROPEAN Parliament has approved last month a binding workplace limit saying workers making and applying paints and coatings should not breathe air with more than 0.005 mg/m3 (milligrams per cubic metre) of chromium (VI) compounds – a widely-used mineral-based chemicals used in the paint and automotive sectors.…

Consumers in the United Arab Emirates (UAE) are becoming savvier about their beauty products and more conscious of what ingredients they’re putting on their skin and hair. This increasing awareness along with a widening choice of products is driving steady growth in the country’s natural and organic cosmetics and toiletry market.…

Demand is growing for a major international programme designed to support developing countries build up their tax audit capacity and – critically – the funding is there to meet that need. Launched as a joint initiative of the Organisation for Economic Co-operation & Development (OECD) and the United Nations Development Programme (UNDP) in July 2015 after an initial pilot phase, Tax Inspectors Without Borders (TIWB) sees tax experts work side-by-side with local officials in developing and emerging markets.…

FOUR Brazilian presidents (including the incumbent), dozens of lawmakers, nearly all governors, mayors of major cities, members of the judicial system and of the press, have been tainted with corruption allegations by the sprawling Lava Jato probe. It has had global impact as one of the biggest scandals in history.…