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MALTA’S only multiple casino operator has been fined over serious AML/CFT failings, with the country’s Financial Intelligence Analysis Unit (FIAU) ordering Tumas Gaming Ltd to undertake AML control reforms.

The company must pay EUR233,156 for breaching the country’s Prevention of Money Laundering and Funding of Terrorism Regulations.…

When the COVID-19 pandemic unfolded in the first half of 2020, China’s textile industry quickly increased its nonwoven-based supply capacity of protective masks, medical protective clothing, isolation clothing and other emergency prevention and control materials.

Data compiled by the China National Textile and Apparel Council show that the country’s output of nonwoven products recorded a robust year-on-year growth of 14.4% in in the first eleven months of 2020.…

Ever since President Joe Biden defeated former US President Donald Trump last November (2020), foreign policy experts have been predicting change regarding American foreign policy. This is especially as regards approaches to the Middle East, notably in dealings with the Gulf states.…

With global markets and daily consumer habits being disrupted for almost a year due to the ongoing global Covid-19 pandemic, some oils and fats sales have grown – and a key example is soybean oil. This is true worldwide, from North and South America, to Africa, Asia, and Europe.…

The US new administration of President Joe Biden has a real opportunity to help forge peace in Syria, and if it succeeds, it could reap a series of important foreign policy goals.

This Levant country needs calm and reconstruction. For that to happen, the Biden team needs to recognise that the Baathist regime of President Bashar Hafez al-Assad has won this conflict, and still has rights in areas controlled by Kurds.…

The US new administration of President Joe Biden has a real opportunity to help forge peace in Syria, and if it succeeds, it could reap a series of important foreign policy goals.

This Levant country needs calm and reconstruction. For that to happen, the Biden team needs to recognise that the Baathist regime of President Bashar Hafez al-Assad has won this conflict, and still has rights in areas controlled by Kurds.…

E-commerce and digitalisation have needed a good push to really get going in the Gulf. And this has happened through Covid-19. The pandemic has shoved digitalisation into widespread adoption amid an otherwise difficult economic environment.

In the Gulf’s two largest economies, Saudi Arabia and the United Arab Emirates (UAE), there has been a flurry of digital activity since the pandemic hit.…

Islamic finance is flourishing across parts of the Middle East and south-east Asia. Assets are increasing, there is a greater diversification in product offerings, and Islamic fintech is starting to take off.

Islamic finance assets were estimated at USD2.88 trillion globally in 2020, and are forecast to grow at a CAGR of 5% to 2024, to reach USD3.69 trillion, according to New York-based research firm DinarStandard’s State of the Global Islamic Economy (SGIE) 2020-21 report.…

The Saudi Arabian paint market is rebounding after a sluggish 2020, when sales declined due to an economic downturn caused by lower oil prices and the Covid-19 pandemic, as well the trebling of value added tax (VAT) across the kingdom. The World Bank has projected that this will cause a 5.4% contraction in national GDP, a highly unusual recession in a fossil-fuel rich country used to robust growth.…

THE ACCESSION to power of President Joe Biden has sparked speculation that the recent shift in USA policy towards Israel and the Palestinian Territories pushed by his predecessor Donald Trump may be over.

Regardless of the justified criticism of Trump’s ethics and unpredictable governing style, the fact remains that his administration moved the needle in the Middle East.…