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Natural gas has played an increasing part in meeting the Middle East’s domestic energy needs. Its role and significance vary for each country, but demand is driven mainly by gas-intensive industries and electricity generation, which is strongly seasonal, peaking during the summer due to air conditioning loads.…

Jordan maybe a small country – with a population of just 6.6 million people, but it is one of the largest pharmaceutical manufacturers in the Middle East. A key reason is that production is export focused, particularly of generics. The country’s USD500 million-a-year turnover manufacturing sector had been steadily growing at 8% to 10% per year until 2012, according to the Jordanian Association of Pharmaceutical Manufacturers and Medical Appliances (JAPM).…

A year after the Russian rouble suffered its worst single-day drop in exchange rate value in 16 years, Russians are more cautious about buying cosmetics and are showing a tendency to downgrade to cheaper products or seek out sales items. Experts are expecting increased competition in these lower cost segments in the coming years, as well as growing consumer interest in local brands and natural cosmetics. …

If the 2013 and 2014 were all about the rise of South Korean personal care product brands in China, then 2015 was the year that regional currency wars and weaker economic sentiment at home dictated how Chinese consumers spent on cosmetics and toiletries.…

IT has been a tough year for China’s growing economy, which has experienced some unexpected faltering in 2015, but facial care product sales have continued to surge ahead.

Retailers of these products have posted strong and sustained growth rates, increasing by 8% in the whole of 2014 to Chinese Yuan Renminbi – CNY142 billion (USD22.1 billion) and are estimated to have grown by another 10.2% in 2015, to CNY (also known as RMB) 156.4 billion, according to market researcher Euromonitor International.…

MALAYSIA’S Audit Oversight Board (AOB) has revoked the registration of an audit firm for the first time since the regulator was established by the Securities Commission Malaysia in 2010.

It has scrapped the registration of Wong Weng Foo & Co, managing partner, Wong Weng Foo and partner Abdul Halim Husin, from December 2.…

THE OIL and gas industry is preparing itself for regulatory challenges following the agreement on limiting climate change struck in Paris on December 12. In comments following the deal, industry organisations stressed the key role the oil and gas industry will continue to play as a key energy and product ingredient source, even as the world moves towards a lower carbon economy.…

The rise of hipsters and the appeal of the bearded lumberjack look, dubbed ‘lumbersexual’, in recent years has led to a rapid growth in beard and moustache care products sector worldwide. Specialty products such as beard oil and conditioners, as well as tools such as beard brushes, have become necessities for many men with facial hair.…

The conflict in Syria has seriously impacted trade and business in the Levant. The millions of Syrian refugees that have fled to neighbouring Lebanon and Jordan are putting economies under serious strain, causing the authorities to turn a blind eye to illicit trade and unregulated business.…

THE EUROPEAN Parliament has given its political support for strong action by the European Commission in the coming year to propose and implement concrete actions to create an ambitious Energy Union. Its goal is to freely trading power between the European Union’s (EU) 28 member states.…