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THE CHAIRMAN of Abu Dhabi Airports has said that the new terminal of Abu Dhabi International Airport (AUH) will open in the fourth quarter of 2019, well past the project’s original 2017 completion deadline. Awaidah Murshed Al Marrar said that 86% of construction work for the 742,000m2 Midfield Terminal Building (MTB) was now completed, “despite the challenges and difficulties…” At a meeting of project partners, he said the expansion would ensure that the United Arab Emirates (UAE) capital’s airport would make “its mark on the regional and international air transport map”, handling 45 million passengers-a-year by 2027.…

THE FEDERAL Aviation Administration (FAA) of the USA has released new Stage 5 Airplane Noise Standards that insist new designs for subsonic airplanes ensure these aircraft are at least 7 decibels (dBs) quieter than planes in existing fleets. After December 31 (2017), the FAA will only approve applications for airplanes of 121,254 pounds (55,000 kg) or more to be sold and operate in the USA if they comply with this standard.…

THE USA clothing industry, reliant on free trading, has not had much welcome from the populist policies of the administration of President Donald Trump and his Republican allies in the Congress. The sector has helped see off plans to impose a border adjustment tax (BAT), which would have crippled importers and is currently lobbying for a successful outcome to the decision to renegotiate the North American Free Trade Agreement (NAFTA).…

THE HOLD that ethical sourcing and sustainability has over the US fashion and apparel industries is not necessarily being cemented by customers, a major American clothing conference has heard – but by changing investor requirements.

Zeke Hart, director of sustainability services for accounting firm PwC, said at a presentation during the 29^th Annual Apparel Importers Trade and Transportation Conference, held in New York City, on November 15:

“You don’t want to rub it in the face of your consumers that they need to buy a more ethical pair of jeans.”…

Prospects for trade deals that have underpinned the growth in American clothing and textile imports and exports appear increasingly precarious as the administration of President Donald Trump passes the 300-day mark, participants at a clothing industry conference heard this week.

Concern is especially severe regarding the North American Free Trade Agreement (NAFTA), as indicated by ‘SaveNAFTA’ being the password to access a mobile app provided to attendees at the 29^th annual Apparel Importers Trade & Transportation Conference held by the American Import Shippers Association (AISA) and the United States Fashion Industry Association (USFIA) on November 15, in New York City.…

With its history of currency counterfeiting, drug trafficking, proliferation of weapons of mass destruction (WMD) and the laundering of related proceeds and payments, there is surely no state worldwide that has a worse money laundering track record than that of the Democratic People’s Republic of Korea (DPRK, North Korea).…

THE EUROPEAN metals industry has reacted positively to the European Parliament’s endorsement, on November 15 at a Strasbourg plenary meeting, of new European Union (EU) anti-dumping rules which are scheduled to come into force early next year.

However, sector representatives cautioned this week that while the proposals, first presented by the European Commission in November 2016, were stronger and clearer than past rules for erecting such protective duties, “the proof is in the pudding”.…

THE FIVE month-long diplomatic and commercial dispute between Qatar and the so-called ‘anti-terror quartet – ATQ’ of Saudi Arabia, the Saudi Arabia, Bahrain, the United Arab Emirates (UAE) and Egypt) continues and revolves around Doha’s alleged financial support for terrorist groups.…

WHILE the Vatican City State and Holy See’s acceptance that their financial institutions could be exploited by money launderers is far more realistic than the denials of 10 years ago, a much-anticipated Italian court ruling has shown much work is needed to clear dirty money from these hallowed accounts.…

AS a developing country with a fast-growing, cash-based economy, Vietnam presents strong potential for money laundering and other financial crimes. Weak regulations and poor governmental oversight of the financial sector add to the challenges the country faces in combatting financial crimes.…