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SPA MARKET REPORT – MIDDLE EAST AND AFRICA
The United Arab Emirates’ (UAE) spa market experienced healthy growth in 2015 compared to 2014, increasing 11% in value terms to reach Emirati Dirham AED1.57 billion (USD428 million), according to market research company Euromonitor International.
In 2016, the market is predicted to grow by 9% to hit USD435 million year-on-year, accounting for nearly 14% of the Middle East and Africa’s USD3 billion spa market, according to Euromonitor.…
MIDDLE EAST AND NORTH AFRICA MALE GROOMING SEGMENT GROWS IN SIZE AND DIVERSITY
The male grooming market in the Middle East and North Africa (MENA) has grown significantly over the past decade as men become more image conscious and brand aware.
This MENA market “is growing and performing quite well, at around five per cent growth a year in constant terms,” said Amna Abbas, a research analyst at Euromonitor, in the United Arab Emirates’ (UAE) Dubai.…
KAO LAUNCHES HIGH-TECH INTERACTIVE AND EMOTIONALLY-SENSITIVE RESEARCH FACILITY
COSMETICS giant the Kao Group has opened a state of the art research facility at its existing plant in Odawara city, around 80 km south-west of Tokyo. Its new Beauty Research & Innovation Centre includes laboratory space where the company’s scientists, developers and marketing experts are encouraged to interact through technology in the search for new products.…
LANDMARK APPLE CASE WILL SHAKE UP GLOBAL TAX SYSTEM, ACCOUNTANTS WARN
The European Commission’s decision on August 30 to order United States (US) tech giant Apple to repay Ireland a record-breaking EUR13 billion in back taxes will make waves in the tax and accounting world, experts have told Accounting & Business Ireland.…
ORIGIN RULES AGREEMENT TO BOOST JORDAN’S CLOTHING TRADE
New relaxed rules of origin – technical criteria determining if a product qualifies for preferential trade arrangements – will make it easier for Jordan to export clothes where manufacturers employ Syrian refugees, a European Commission spokesperson has confirmed to just-style.
Under the decision, made by the 10th EU-Jordan Association Committee in the Jordanian capital Amman, agreed on July 18, Jordan’s clothing (and other product) exporters can benefit automatically from the special provisions including the EU’s generalised scheme of preferences (GSP), meaning their products will attract lower or no export duties.…
DUBAI FLIGHT CRASHES, BURNS – EVERYONE SAFE
MAJOR delays are expected at Dubai International Airport in the United Arab Emirates (UAE) after an Emirates airline plane crash-landed and burst into flames on a runway at Dubai International Airport just after 12:45pm local time today (August 3). Flight EK521 was arriving from Trivandrum International Airport, Thiruvananthapuram, India.…
EUROPEAN TECHNICAL TEXTILES RETAINS GROWING DEMAND AND EXPERTISE, BUT ASIAN RIVALS COULD THREATEN MARKET POSITIONS
BIG marketing stunts can boost sales of technical textiles and maybe one of the biggest examples in Europe this year was created by world renowned artists Christo. He created ‘The Floating Piers’ on Lake Iseo, near Brescia, in northern Italy.…
COUNTRIES MULL CARBON NEUTRALITY IN WAKE OF PARIS CLIMATE CONFERENCE – BUT WILL THEY ACHIEVE IT?
THE PARIS conference of the parties to the United Nations Framework Convention on Climate Change (UNFCCC) last December, of COP21, made a commitment to create a carbon-neutral world between 2050 and 2100. This means that governments and international organisations must devise policies to ensure the amount of greenhouse gases emitted by human activity equals the amount that that trees, soil and oceans can absorb naturally preventing the build-up of CO2 in the atmosphere.…
SOUTH AMERICAN COSMETICS FIGHTING FALLING LOCAL CURRENCIES
South America’s cosmetics and personal care sector is looking to bounce back from a slowdown caused by the region’s macroeconomic troubles, but political pressures and regional trade alliances are driving individual country markets down divergent paths.
Over the last year, countries across the region have been buffeted by economic turmoil that has had a knock-on impact on the cosmetics sector.…
COMMISSION’S AID PACKAGE WILL NOT COMBAT DAIRY WOES, CHARGES INDUSTRY
THE EUROPEAN Commission’s latest EUR500 million support package for European farmers, finalised at an August 26 European Union (EU) committee in Brussels, will not ease the dairy crisis, European dairy groups have warned.
“Production cuts is the label used to describe the current package of measures,” said the EU farm lobby group European Milk Board (EMB)’s president Romuald Schaber following the initial announcement of the plans in July.…