Search Results for: Lebanon
10 results out of 223 results found for 'Lebanon'.
KEY NORTH AFRICA PAINT MARKETS STABILISE AFTER YEARS OF INSTABILITY
NORTH Africa is never an easy market in which to do business, and the Arab Spring and its turbulent aftermath has not helped ease trade, but as the paint industry looks to 2018, there is optimism that profits can be made.…
NEW TAX A DAMPENER ON MIDDLE EAST PERSONAL CARE PRODUCT SALES
CONSUMERS do not like sales tax, and they are particularly sensitive to tax-based price increases when new taxes are introduced. So, it is maybe no surprise that personal care product sales in the Middle East have been dampened by the introduction of value added tax (VAT) in both Saudi Arabia and the United Arab Emirates (UAE) in January 2018, inflating beauty product prices.…
NGOs WORKING IN SYRIA RISK SERIOUS BREACHES OF SANCTIONS AND AML/CFT RULES
NON-governmental organisations (NGO), aid agencies and charities are under increased pressure to abide by international and domestic anti-money laundering and terrorist finance regulations, such as those imposed by the UK, US and European Union (EU), including international sanctions. But it can be tough for NGOs to comply with such rules when operating in countries where there is civil conflict or civil war.…
SMALL AND HOPING TO BE BEAUTIFULLY FORMED – QATAR’S LOCAL POPULATION FEEDS DOMESTIC COSMETIC SURGERY MARKET
QATAR is a small country, roughly half the size of Wales and with a population of 2.5 million. But what it lacks in demography and geography, it makes up for in spending power – and its significant cosmetic surgery industry is a key beneficiary.…
CONFLICT AND CONSTRAINT HIT LEBANESE HAIR CARE MARKET
THE LEBANESE haircare market has been in a state of flux over the past six years, reflecting the instability in the Levant. Following the start of the Syrian conflict in 2011, the country’s haircare market grew as Lebanon took in more than 1 million Syrian refugees.…
THE CHALLENGES OF AUDITING NGOs OPERATING IN CONFLICT ZONES
NON-GOVERNMENTAL Organisations (NGOs), international aid agencies and charities are under increased pressure to abide by international and domestic regulations that ensure their financial probity and avoidance of corruption. But while there is often effective oversight in their home countries, when in the field, especially in conflict zones, NGOs can struggle to navigate local rules and adapt to difficult circumstances to ensure appropriate auditing is in place.…
CONFLICT SENDS SYRIAN CAR MARKET SPIRALLING DOWNWARDS BUT NEW CHINESE MODELS HINT AT RECOVERY
THE SYRIAN car sector has been hit hard by the country’s ongoing civil conflict, now into its sixth year. From nearly 90,000 cars being imported into Syria annually before the rebellion against the rule of President Bashar al-Assad started in 2011, imports have now plunged to around 1,000 cars a year.…
LEBANON AIRPORT SECURITY EQUIPMENT DONATED BY USA
THE USA Department of State’s Bureau of International Narcotics and Law Enforcement Affairs (INL) has provided USD650,000’s worth of security screening equipment for Rafiq Hariri International Airport, Beirut, Lebanon. This included one mobile x-ray screener for vehicles; six hand-held explosive trace detection (ETD) systems; six liquid aerosol and gel scanners; and six shoe scanners.…
JORDAN BESET BY PROBLEMS MAKING IT LESS FINANCIALLY CLEAN THAN PREVIOUSLY PERCEIVED
WHILE Jordan usually has a reputation for reliability, security and stability, the truth is that the Hashemite Kingdom is behind the compliance curve as regards anti-money laundering (AML) and combating the financing of terrorism (CFT) compared to many of its Middle Eastern peers.…
CORRESPONDENT BANK DERISKING IN THE MENA HEIGHTENS RISK OF FINANCIAL CRIME
DE-RISKING by US and European banks worried about falling foul of anti-money laundering (AML) laws has caused more than 80 Arab banks in the Middle East and North Africa to have lost their correspondent banking relationships over the past four years.…