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SOUTH AFRICA’S HIGH SKIN CANCER RISK AND DIVERSE SKIN TYPES GENERATES COMPLEX AND DYNAMIC SUNCARE MARKET
SKIN cancer ranks as South Africa’s most common form of the disease with the country also suffering the second highest incidence globally after Australia, according to the Skin Cancer Foundation of South Africa – research such as this is driving sales of sunscreen products.…
SUNKISSED UAE IS GROWING MARKET FOR SUNCARE PRODUCTS
YEAR–round sunshine, a young population, and a large expatriate community have made the United Arab Emirates (UAE) a strategic destination for multinational suncare brands, which continue to dominate the local market.
According to London-based research company Euromonitor International, the UAE’s suncare market was valued at Emirati Dirham AED89.38 million (USD24.3 million) in 2016, up 4% compared to 2015.…
GULF ECONOMIES DAMPENED BY LOW OIL PRICES, BUT CONSUMERS STILL PREPARED TO SPLURGE ON PERSONAL CARE PRODUCTS
The Arabian peninsula oil-producing nations of the Gulf Cooperation Council (GCC) have long been considered a lucrative consumer market for international brands. Many businesses flourish in the region and the beauty and personal care product industries are no exception.
According to Euromonitor International, the retail value of the GCC region’s beauty and personal care market was USD9.3 billion in 2016 – member countries are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).…
GCC COUNTRIES MOVE TO BOOST WOMEN REPRESENTATION ON BOARDS – BUT PROGRESS IS SLOW
Promoting women to corporate boards within the Middle East and elsewhere can directly improve profitability and change the way a company approaches its market, participants at a recent networking breakfast hosted by ACCA concurred.
Entitled ‘Women in Finance: beyond the numbers’, the event was held on February 2 at the Four Seasons resort hotel in Dubai and attended by senior finance professionals and leaders from the United Arab Emirates (UAE).…
RESEARCHERS PUSH AHEAD WITH INNOVATIONS TO INTEGRATE GRAPHENE IN TEXTILES
Researchers believe designers will expand the use of graphene in textiles for bio-medical, sportswear, fashion, furnishings, military and security equipment.
Isolated by scientists from graphite in 2004, a layer of pure carbon, graphene is the thinnest known compound. It is just one atom thick (a million times thinner than a human hair), the strongest compound ever discovered (between 100-300 times stronger than steel), the lightest material (with one square metre weighing only 0.77 milligrams) and very flexible.…
ICAO CLIMATE DEAL FOR AVIATION EMISSIONS FACING MAJOR CHALLENGES IN BRUSSELS AND WASHINGTON
Under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which is voluntary from 2024 to 2026, then mandatory for all ICAO member states 2027 to 2035, apart from certain exemptions, airlines will buy emissions units representing 1 tonne of carbon dioxide (CO2) from green projects to offset excess CO2 above 2020 levels.…
EXPERTS URGE MORE GULF STATE ACTION TO CURB TERRORIST FINANCING
Terrorist financing is continuing in the Middle East, highlighted by the devastating attack in Istanbul over the new year. Radical Islamic groups still operate in Iraq and Syria, notably the Islamic State and the Levant, or ISIL (also known as ISIS), and the source of funding for these terrorist groups is a contentious issue.…
WOMEN IN FINANCE STILL PRESSURED TO PROVE THEMSELVES MORE THAN MEN, SAYS KEY FEMALE UAE ENTREPRENEUR
EAGER to give a new twist to the abaya (the robe-like dress worn by some Muslim women), she went on to create dozens of unconventional designs of the traditional garment and opened three branches of her boutique in the United Arab Emirates (UAE).…
CHINA’S STEADY DEMONSTRATES THE VALUE OF INVESTING IN R&D TO PRODUCE QUALITY WOOL FABRIC
AS many leading fashion brands are stepping up use of Australian Merino wool, Chinese fabric makers with a long track record of in-house research and development (R&D) into wool are finding themselves better positioned than latecomers to reap the fruits of this trend.…
ATTENTION SWITCHES TO BILATERAL TRADE DEALS AS TRUMP LEAVES TPP IN THE DUST
Even as the official withdrawal of the United States from the Trans-Pacific Partnership (TPP) has been greeted by enthusiasm by American automakers, the focus is shifting to the bilateral trade deals that President Donald Trump has promised will take its place.…