#oman oil market

[businessgateways]

For a very long time, the oil and gas sector has been a pillar of the world's energy system, supplying countries with energy and advancing civilization. But in recent years, the sector has seen a surge of technical developments and cutting-edge methods that are revolutionizing the way energy is harvested, generated, and used. We'll examine some of the most important areas of the sectors of oil and gas industry in this post, as well as the amazing inventions that are influencing its future.

[allthebrazilianpolitics]

Brazil boosts agricultural exports to Africa and Asia

Last year, Brazil witnessed a significant enhancement in the export of agricultural products to Africa and Asia, following the establishment of specialized sanitary certification services for its agricultural commodities. This development was spearheaded by the Department of Inspection of Plant Products under the Secretariat of Agricultural Defense, focusing on the certification of food safety standards for markets including China, Morocco, and the Gulf Cooperation Council (GCC) nations.

Notably, Brazil's exports to the GCC included 270 tons of nuts and almonds in 2023, with shipments like cashew nuts to Oman, Brazilian nuts, and pecans to Saudi Arabia, alongside coconut oil to the United Arab Emirates. Additionally, the collaborative efforts of the Ministry of Agriculture, agricultural attachés, and ApexBrasil have broadened the scope of Brazilian agricultural exports. This includes a significant increase in coffee beans to Indonesia and the introduction of crude soybean oil to the Moroccan market, alongside a 30% rise in black pepper exports to the same country.

Continue reading.

[workersolidarity]

🏭 OPEC ANNOUNCES FURTHER OIL PRODUCTION CUTS OF 2.2 MILLION BARRELS PER DAY

The OPEC Secretariat, on Thursday November 30th, noted the announcement of several OPEC countries of additional voluntary cuts amounting to a total of 2.2 million barrels a day, aimed at "supporting the stability and balance of oil markets."

Production cuts were calculated from the 2024 required production level as set on June 4th, 2023, and are in addition to the voluntary cuts announced in April and extended through the end of 2024.

Production cuts are being announced by the following countries:

🇸🇦 Saudi Arabia: 1'000 thousand barrels per day

🇮🇶 Iraq: 223 thousand barrels per day

🇦🇪 United Arab Emirates: 163 thousand barrels per day

🇰🇼 Kuwait: 135 thousand barrels per day

🇰🇿 Kazakhstan: 82 thousand barrels per day

🇩🇿 Algeria: 51 thousand barrels per day

🇴🇲 Oman: 42 thousand barrels per day

Starting January 1st until the end of March 2024. Afterwards, these voluntary cuts will be returned gradually, subject to market conditions.

The above amounts will be in addition to those announced by the Russian Federation of 500 thousand barrels per day for the same period, which will be made from the average export levels of the months May and June of 2023, and will consist of 300 thousand barrels per day of crude oil and 200 thousand barrels per day of refined products.

#source

@WorkerSolidarityNews

[earlymanx216]

Logistics and shipping in the United Arab Emirates (UAE)

Logistics and shipping in the United Arab Emirates (UAE) have undergone significant transformations over the past few decades, driven by the country's strategic location as a global transportation hub, booming trade volumes, and investments in infrastructure development. The UAE's logistics and shipping sectors have played a vital role in supporting the country's economic growth, facilitating international trade, and enhancing its competitiveness in the global market. In this article, we will explore the evolution, challenges, and future prospects of logistics and shipping in the UAE.

Evolution of Logistics and Shipping in the UAE:

The UAE has a long history of involvement in maritime trade, with the ports of Dubai and Abu Dhabi serving as key trading centers for centuries. However, it was only in the 1970s that the country began to emerge as a major player in global trade, fueled by the discovery of oil reserves and the development of its infrastructure.

The first modern container terminal in the UAE was established in Dubai in 1972, marking a major milestone in the country's logistics and shipping sector. The UAE's strategic location between Europe, Asia, and Africa, along with its modern infrastructure, has made it an ideal hub for regional and global trade.

Over the past few decades, the UAE has continued to invest heavily in its logistics and shipping infrastructure, transforming itself into a world-class transportation and logistics hub. The country's major ports, including Jebel Ali Port in Dubai and Khalifa Port in Abu Dhabi, have become some of the busiest and most advanced ports in the world, handling millions of TEUs (twenty-foot equivalent units) of cargo every year.

In addition to ports, the UAE has also invested in modern airports and extensive road networks, connecting the country to major markets in the Middle East, Asia, and Europe. The Dubai International Airport, for instance, is one of the busiest airports in the world, serving as a major air cargo hub and handling millions of passengers and cargo every year.

Challenges Facing the UAE's Logistics and Shipping Sector:

Despite the impressive growth of the UAE's logistics and shipping sector, it still faces several challenges that need to be addressed. These challenges include:

Competition from neighboring countries: The UAE faces stiff competition from other countries in the region, such as Saudi Arabia, Oman, and Qatar, which are also investing heavily in their logistics and transportation infrastructure. This competition puts pressure on the UAE to continually improve and innovate in order to maintain its competitive edge.

Infrastructure constraints: The UAE's logistics and shipping sector faces several infrastructure constraints, such as limited land availability and congested roads. These constraints can lead to delays and higher transportation costs, affecting the sector's overall competitiveness.

Dependence on oil revenue: The UAE's economy is heavily dependent on oil revenue, which can be volatile and subject to fluctuations in global oil prices. This dependence makes it important for the country to diversify its economy and focus on non-oil sectors, such as logistics and shipping.

Future Prospects of Logistics and Shipping in the UAE:

Despite these challenges, the future prospects for the UAE's logistics and shipping sector are bright. The country has taken several steps to address the challenges facing the sector and to position itself as a leading logistics and transportation hub in the region. Some of these steps include:

Infrastructure development: The UAE continues to invest heavily in its infrastructure, with several major projects underway to expand and modernize its ports, airports, and road networks. For example, the Abu Dhabi Ports Company is investing over $1 billion in expanding Khalifa Port, while Dubai is planning to build a new airport and expand its existing port facilities.

Diversification of the economy: The UAE is focused on diversifying its economy and reducing its dependence on oil revenue. This includes developing non-oil sectors such as tourism, logistics,

[klayhrconsultants]

Explore Gulf Job Market Trends with Vital Insights from the Best Recruitment Agency in Saudi Arabia

The Gulf region, known for its dynamic economy and diverse job opportunities, continues to be a magnet for job seekers worldwide. As the economic landscape evolves, understanding the latest job market trends is crucial for anyone looking to secure a position in this competitive environment. Partnering with the best recruitment agency in Saudi Arabia can provide invaluable insights and guidance to navigate these changes effectively.

Understanding the Gulf Job Market

The Gulf Cooperation Council (GCC) nations—Saudi Arabia, the UAE, Qatar, Kuwait, Oman, and Bahrain—have historically been sought-after locations for expatriates. These countries offer lucrative job opportunities, tax-free salaries, and a high standard of living. However, the job market in the Gulf is constantly shifting, influenced by factors such as economic diversification, technological advancements, and policy changes.

Economic Diversification

Saudi Arabia, the Gulf's largest economy, is experiencing a profound transformation through its Vision 2030 initiative. This bold strategy seeks to reduce the nation's reliance on oil by developing new sectors and industries. Consequently, there is an increasing need for professionals in areas like renewable energy, tourism, entertainment, and technology. By keeping up-to-date with these trends, job seekers can more effectively align their skills with new opportunities.

Technological Advancements

The Gulf region is rapidly embracing digital transformation, with a strong focus on technology and innovation. This shift is creating a surge in demand for IT professionals, data analysts, cybersecurity experts, and digital marketers. Job seekers with expertise in these areas are likely to find ample opportunities as companies invest in digital infrastructure and e-commerce platforms.

Policy Changes and Localization

Governments in the Gulf are implementing localization policies to increase employment opportunities for their citizens. In Saudi Arabia, the Saudization program is designed to increase local employment by mandating that businesses employ a specified proportion of Saudi nationals. While this presents challenges for expatriates, it also opens up opportunities for those with specialized skills and experience that are in short supply locally.

The Role of Recruitment Agencies

Navigating the Gulf job market can be daunting, but partnering with a reputable recruitment agency in Saudi Arabia can make a significant difference. These agencies have a deep understanding of the local market trends and can provide tailored advice to job seekers.

Personalized Job Matching

The best recruitment agencies offer personalized job matching services, taking into account a candidate's skills, experience, and career aspirations. They have extensive networks and relationships with top employers, giving job seekers access to exclusive opportunities that may not be advertised publicly.

Expert Guidance and Support

Recruitment agencies provide expert guidance throughout the job search process, from resume writing and interview preparation to salary negotiation and contract review. Their insights into industry-specific trends and employer expectations can help candidates present themselves effectively and increase their chances of success.

Access to Exclusive Opportunities

Many companies in the Gulf prefer to work with recruitment agencies to fill high-level positions, ensuring they find the best talent available. By partnering with a leading agency, job seekers can gain access to these exclusive opportunities and position themselves as strong candidates in the eyes of potential employers.

Conclusion

The Gulf job market offers exciting prospects for job seekers, but understanding the latest trends and aligning oneself with the right opportunities is key to success. By exploring job market trends with vital insights from the best recruitment agency in Saudi Arabia and recruitment agencies in Dubai, candidates can navigate this dynamic landscape with confidence. Whether you're aiming to advance your career in a new industry or secure a high-level position in a thriving sector, the expertise and support of top recruitment agencies can be invaluable. With their assistance, you can unlock the potential of the Gulf job market and achieve your career goals in this vibrant region.

[merakistar]

Sabic-Approved Flanges in Oman

Meraki Star Metals Oil & Gas Equipment Trading L.L.C offers a wide quality extent of Incoloy 800/800H/800HT Flanges, which has presumably the best components like high versatility, outrageous arrangement, strength and that is only the start. Incoloy 800 Slip on Flanges (UNS N08800) is used for process piping, heat exchangers, warming part sheathing, carburizing gear, and nuclear steam-generator tubing. Incoloy 800 Flanges (UNS N08810) has added carbon and reinforcing treatment that considers higher jerk and break properties at 1100 Degree F (800 Degree C).

Incoloy 800 Weld Neck Flanges (UNS N08811) is a nickel-iron-chromium blend, which has a significant part of the comparable characteristics of various people from the 800 composite social occasion. Meanwhile, these Incoloy 800 Outwardly weakened flanges are furthermore being introduced in different sizes and shapes to our clients. We moreover offer these Incoloy 800H Connection Weld Flanges at market driving expenses. Also, similarly as with standard austenitic treated prepares, Incoloy 800 Lap Joint Flanges may be welded using methodologies like MIG, TIG, and shield metal round portion welding. Incoloy 800 Ring Joint Sort Flanges is impenetrable to chloride molecule stress utilization breaking.

The nickel content makes Incoloy 800 Presentation Blind Flanges astoundingly impenetrable to both chloride stress-utilization breaking and to embrittlement from precipitation of sigma stage. Incoloy 800 Spacer Flanges is ordinarily used in electric arrive at warming-part sheathing; steam methane further developing radiators and removed tubing for ethylene; smelling salts refluent coolers, etc. Incoloy 800HT Long Weld Neck Flanges is in like manner used in Compound and Petrochemical dealing.

Incoloy 800 / 800H / 800HT Pipe Flanges Specifications

Specifications: ASTM B564 / ASME SB564

Size: 1/2″NB TO 60″NB

Standards: ANSI/ASME B16.5, B 16.47 Series A & B, B16.48, BS4504, BS 10, EN-1092, DIN, etc.

Class / Pressure: 150#, 300#, 800#, 900#, 1500#, 2500#, PN6, PN10, PN16, PN25, PN40, PN64 etc.

Standard: ANSI Flanges, ASME Flanges, BS Flanges, DIN Flanges, EN Flanges, etc.

[shreya-0]

Understanding Standard, Hybrid WTI, and OTI: A Simplified Guide

Ever heard of WTI, OTI, or hybrid options? If you're involved in the world of trading or investing, these terms might sound familiar. Let's break down what they mean and how they differ.

What is WTI?

West Texas Intermediate (WTI) is a benchmark crude oil grade widely traded on the New York Mercantile Exchange (NYMEX). It's often considered the most influential oil price benchmark in the world, setting the price for many other crude oil varieties.

What is OTI?

Oman Trading International (OTI) is another benchmark crude oil grade, primarily traded in the Middle East. It's a popular choice for buyers in the region due to its proximity and favorable pricing.

What are Hybrid Options?

Hybrid options combine the characteristics of standard options with additional features. They offer a more flexible and tailored approach to trading and investing. Some common types of hybrid options include:

Compound options: These options are based on the performance of another option.

Basket options: These options are based on a basket of underlying assets.

Lookback options: These options allow the holder to choose the most favorable strike price in hindsight.

Why are hybrid options popular?

Increased flexibility: Hybrid options offer more customization options than standard options.

Risk management: They can be used to manage risk and protect investments.

Potential for higher returns: Hybrid options can potentially offer higher returns than standard options.

In conclusion, WTI and OTI are two important benchmarks in the crude oil market. Hybrid options, on the other hand, provide traders and investors with a more flexible and tailored approach to trading and investing. By understanding these terms, you can make more informed decisions in your financial endeavors

[tamanna31]

Palm Oil 2024 Industry - Technologies, Applications, Verticals, Strategies & Forecast 2030

Palm Oil Industry Overview

The global palm oil market size was valued at USD 70.44 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2030. The market is driven by exponentially growing demand from the food, beverage, biofuel, energy, personal care, and cosmetics industries. Major manufacturers are in Asia Pacific region due to tease of availability of raw materials in region. Market is highly competitive as well as comprehensive in nature owing to presence of a large number of all scale players which try to gain a competitive edge over others with their high production, superior distribution networks,product quality, and various competitive strategies.

Gather more insights about the market drivers, restrains and growth of the Palm Oil Market

Indonesia is largest palm oil producer as well as exporter of the same. Country exports product globally. The government also supports cultivators of palm plant. It is a major source of income for many small and medium scale producers in region. The industry is majorly responsible for development and upliftment of cultivators in region.

Similarly, product has witnessed increasing demand from biofuel industry. It is used in production of biofuel which is further used as a sustainable alternative to crude oil in many applications such as engine oil. Biofuel industry is a budding industry with limited applications for now.

Although industry is expected to attain development as many players are involved in research and development of industry. As the industry will gain ground demand for palm oil from industry is expected to increase and drive product market.

Browse through Grand View Research's Renewable Chemicals Industry Research Reports.

The Middle East sea salt market size was estimated at USD 599.19 million in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030. 

The global chondroitin sulfate market size was valued at USD 1.29 billion in 2023 and is projected to grow at a CAGR of 3.6% from 2024 to 2030.

Global Palm Oil Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global palm oil market report based on nature, product, end-use and region:

Nature Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

Organic

Conventional

Product Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

Crude Palm Oil

RBD Palm Oil

Palm Kernel Oil

Fractionated Palm Oil

End-use Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

Food & Beverage

Personal Care & Cosmetics

Biofuel & Energy

Pharmaceuticals

Others

Regional Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

North America

U.S.

Mexico

Canada

Europe

Germany

UK

France

Spain

Italy

Russia

Asia Pacific

China

India

Japan

South Korea

Malaysia

Indonesia

Central & South America

Brazil

Argentina

Colombia

Middle East & Africa

South Africa

Saudi Arabia

Turkey

UAE

Oman

Yemen

Kenya

Nigeria

Ghana

Egypt

Key Companies & Market Share Insights

The market has presence of multinational companies such as ADM and Wilmar International Ltd. which make market more competitive. Major players have acquired plantations or contracts with cultivators to ensure constant supply of raw materials.  Volatility in prices of raw material adversely affect profitability of product. For the same, in 2023, Nagaland government signed memorandum of understanding (MoU) with Patanjali Food palm oil cultivation.

The products manufacturers are engaged in continuous R&D activities, capacity expansion, mergers & acquisitions, and other strategies to gain a competitive advantage over others. For example, In November 2019, PT. Mahkota Group acquired a palm oil mill in South Sumatra, through subsidiary, PT Berlian Inti Mekar. This plant produces CPO based products such as cooking oil or olein and processing about 400 tons of palm kernel oil per day.

Key Palm Oil Companies:

ADM

Wilmar International Ltd.

Sime Darby Plantation Berhad

IOI Corporation Berhad

Kuala Lumpur Kepong Berhad

United Plantations Berhad

Kulim (Malaysia) Berhad

IJM Corporation Berhad

PT Sampoerna Agro, Tbk

Univanich Palm Oil Public Company Ltd.

PT. Bakrie Sumatera Plantations tbk

Asian Agri.

Order a free sample PDF of the Palm Oil Market Study, published by Grand View Research.

[businessgateways]

Find out how Oman's oil and gas firms are a driving force behind innovation and expansion. These business titans, which range from global behemoths to regional powerhouses, help Oman achieve energy independence and fuel its economy.

[artifythree]

Is Online Payroll Management Software Genuine Best for Your HR Tasks?

Numerous business organizations across the Middle East are presently adopting online payroll management software. It helps them formulate a centralized system of calculating, distributing, and managing employee benefits in the form of wages or remuneration. Though the primary role of any Middle East-oriented payroll software is to monitor the payroll management factor of human capital resources, it can be integrated well with other HR operations processes. For example, if you aim to progress in the segment of Bahrain region’s best payroll software solutions, hands-on knowledge in the overall HR niche for Qatar-based businesses could immensely help.

This post reflects on the well-known integration of digital payroll services to deliver various connected HR services. Since the topic is a bit diverse from your usual articles explaining the connection between HR responsibilities and payroll management systems, try to approach it with an open mind. If correctly explored and complied with, this subject is going to be a revelation for existing general HR duties of several business organizations.

The World of Payroll Management Software

Digital payroll processing and management is one of the most crucial segments of a new-age organization. It helps the remuneration arm of the business collaborate with other operational departments, mainly the HR niche. To delve more deeply into the world of HR management using payroll software, focus on the merits that showcase its unique applications in markets in the Middle East like hr software Bahrain, UAE, Saudi, Oman, etc.

Under the category of payroll management software, you may opt for various iterations of HR modules. The most prominent in this category are the direct tasks related to payroll solutions in the HRMS domain. Trying to build an automated process where the payroll solution works like a well-oiled machine is the best choice to render it effectively. Add to it a functional service that collaborates with your resources to give mutual workflow space, and your organization profits wildly from it.

Compliance in payroll management is another thing of note. Maintain all standard policies and regulatory proceedings related to monetary employee benefits wisely to achieve the best success ratio. In digital records, cash transactions and transfers are easy to access. The same applies to specialized employee-related payroll benefits, too.

How Can Payroll Systems Assist Your HR Activities?

Whether it be operations using HR and payroll software in Bahrain or the availability of platforms like optimum HRMS services, payroll systems are guaranteed to boost your HR domain activities. The role of payroll service suites in boosting your HR activities can be summarized below:

Irrespective of your organization’s HR conditions, it is mandatory to employ a payroll solution. Digital platforms are preferred in this case to help maintain a sense of achievement, transparency, and robust process-oriented solutions.

Since the automated version of a payroll system is cloud-based, you can trust it to motivate the HR process and various attached operations directly.

Digital payroll management helps to secure your entire HR segment’s employee-based duties. It guarantees a sense of privacy and a well-maintained HR organizational structure.

An employee self-service portal is accessible in payroll solutions connected to HR management modules. It is a booster to save and preserve the overall operations environment.

Adding payroll considerations to your core HR processes will give you a more human touch, as employees will easily identify with such parameters. You can present an employee-oriented model.

Though salary disbursement is a payroll service, it is important to note that the rest of the activities related to salary administration and considerations come under HR profiles. This interlinking is crucial in building a system of utmost workplace significance.

The wide range of data reports can be strategically promoted to play core roles in the HR niche. These reports correspond to a multitude of payroll parameters and metrics.

Consider the below factors for portraying a systematic payroll process with HR considerations.

HR features — The most prominent factor for you to consider is the addition and validation of several HR features using payroll technology. But what matters even more is the innate distribution of core HR features from the beginning stages of its implementation.

Integration possibilities — For an HR platform to work effectively regarding its payroll functions, the wholesome integration of various HR tasks is necessary. You should develop a model where the payroll module integrates well with all other HR solutions.

Employee concerns — Your employees would be very concerned about several issues and features related to payroll services. It is quite natural for the resources to feel that way. But, if you have a proper HR management system in place, there is no need to address their panic related to this topic.

Dedicated support — Whether it is customer support or employee support, the ideal format of a winning payroll formula includes clear, dedicated effort from the HR division. The one core feature that can enable this situation is the direct involvement of payroll with all HR solutions conveying employee engagement norms.

Scalable solutions — Scalability is an interesting feature. Even though you can record it with payroll and general HR terms, the policy gets better while considering the entire organization. You should pay sufficient attention to your business’s response to changing marketplace conditions and efficient employee-handling measures. It is a precursor of incoming business scaling purposes.

Security in the pay scale — Another exclusive feature that denotes a relationship between employees and their working environment is the safety, security, and privacy they receive regularly. It applies to digital HR solutions, where the resources feel safe and secure about their pay scales, wage structures, remuneration patterns, etc.

Flexible workflow terms — In any HR or payroll model, flexibility is an important factor. The system should be user-friendly and effective, with an excellent space for customization according to the specific business operating unit.

[sachiyasteel]

Stainless Steel Orifice Flanges Manufacturer in India - Sachiya Steel International

Stainless Steel Orifice Flanges Manufacturer in India. Leading suppliers dealers in Mumbai Chennai Bangalore Ludhiana Delhi Coimbatore Pune Rajkot Ahmedabad Kolkata Hyderabad Gujarat and many more places. Sachiya Steel International manufacturing and exporting high quality Stainless Steel Orifice Flanges worldwide. We are India's largest Stainless Steel Orifice Flanges Exporter, exporting to more than 85 countries. We are known as Stainless Steel Orifice Flanges Manufacturers and Exporters due to exporting and manufacturing on a large scale. 

Types of Stainless Steel Orifice Flanges -

We at Sachiya Steel International manufacture a wide variety of Stainless Steel Orifice Flanges. There is a different types of Stainless Steel Orifice Flanges used for different needs.Our Stainless Steel Orifice Flanges are available in different sizes, grades and shapes. Sachiya Steel International manufactures and exports high-quality industrial Stainless Steel Orifice Flanges. We are Exporters of the following Stainless Steel Flanges -Stainless steel Slip On Flanges, Stainless steel Weld Neck Flanges, Stainless steel Blind Flanges, Stainless steel Long Weld Neck Flanges, Stainless steel Companion Flanges, Stainless steel Lap Joint Flanges, stainless steel Socket Weld Flanges, Stainless steel Orifice Flanges, Stainless steel Threaded Flanges and more.

About Stainless Steel Orifice Flanges -

Sachiya Steel International is one of the largest Stainless Steel Orifice Flanges Manufacturers in India. The small hole on orifice plates restricts flow which causes the pressure to drop. The pressure can be measured using pressure gauges before and after the orifice plates which allows you to determine the flow rate using the Bernoulli's Equation. An orifice plate is installed between orifice flanges or a metering unit. We also known as Stainless Steel Orifice Flanges Manufacturers in India.

Stainless Steel Orifice Flanges Manufacturers in India: Industrial Stainless Steel Orifice Flanges -

Oil Gas Industries

Acid and Chemical Industries

Automobile Industries

Cement Industries

Pharmaceuticals Industries

We are leading Exporters of Stainless Steel Orifice Flanges in more than 85 Countries worldwide.

Stainless Steel Orifice Flanges Manufacturers in India: Stainless Steel Orifice Flanges Grades -

Stainless Steel Orifice Flanges Manufacturers in India.

Carbon Steel Orifice Flanges Manufacturers in India.

Alloy Steel Orifice Flanges Manufacturers in India.

Nickel Alloy Orifice Flanges Manufacturers in India.

Duplex Steel Orifice Flanges Manufacturers in India.

Titanium Orifice Flanges Manufacturers in India.

Aluminium Orifice Flanges Manufacturers in India.

Cities we supply Stainless Steel Orifice Flanges to -

Sachiya Steel International is manufacturer supplier of Stainless Steel Orifice Flanges in most of the major Indian cities in more than 20 states. We are leading supplier of Stainless Steel Orifice Flanges in Mumbai, Ahmedabad, Ludhiana, Delhi, Rajkot, Pune, Coimbatore, Chennai, Bangalore and many other cities. 

Sachiya Steel International Exports Stainless Steel Orifice Flanges to following countries -

Stainless Steel Orifice Flanges exporters in Saudi Arabia, Oman, Dubai, UAE, Mexico, Kuwait, Qatar, Iraq and many other countries. Sachiya Steel International has created a brand name for itself in the international market, by exporting large quantities of high-quality Stainless Steel Orifice Flanges.

Additional Information -

Stainless Steel Orifice Flanges Price: Rs.170-270 /Piece

Payment Modes: LC(Letter of Credit), TT(Telegraphic Transfer or Wire Transfer), Cheque and others.

Packaging: Stainless Steel Orifice Flanges are packaged with caution and safety so they reach our clients as good as he would expect.

Port of Dispatch: Mumbai or Kalamboli ports in Maharashtra state of India.

Note: The size, quantity, quality and other details of the Stainless Steel Orifice Flanges will be written/printed on the packaging of the shipment for convenience.

Read More - Stainless Steel Orifice Flanges Manufacturer in India

[marcdodson]

Historical Support for China's South China Sea Territorial Stance

There have been recent claims in the media that Great Britain and other nations who operate Freedom of Navigation Operations (FONOPS) in the South China Sea have taken no stance concerning the sovereignty of the three island groups that are the subject of dispute among China, the Philippines and Vietnam. However, there is overwhelming evidence that this is not the case. Instead, that evidence points to prior recognition of the islands as historic Chinese territory.

To examine this question, public statements by government officials regarding the Spratley, Paracel and Pratas Islands (Dongsha Islands) were examined, a common legal practice used by the International Court of Justice to show official intent.

British Government efforts at understanding China’s history in the region were made in 1944 when preparations were underway for post war administration of occupied territories. The British Military Administration, Malaya, was making observations concerning Chinese maritime history in the South China Sea region:

“It must not be forgotten that while Europe was still relying on the galley in the Mediterranean and was only feeling towards the fore- and aft- rig in the North Seas and sailing in ships whose capacities measured in tens of tons, the Chinese were already ocean sailors with junks to be found from their own coasts to the mouth of the Indus whilst the Arabs in dhows of over 1,000 tons capacity were bringing the spices of the East Indies to Egypt and the European markets.”

Chinese ability to sail across the South China Sea region and into the Indian Ocean can be seen as recognized by the U.K. Government in this statement.

Economic exploitation of the resources in the South China Sea region was recognized earlier in Europe; among the first records in the post Roman Empire period were made in 1154. Roger of Sicily’s Court Geographer, the Arab al-Idrisi, provided early recorded details of Chinese junks sailing towards the West:

“All the Chinese ships, great or small, that navigate in the China Sea are solidly constructed of wood. The pieces of timber are disposed geometrically one over the other, protected by palm fibres and caulked with flour and fish oil. In the China Sea and the Indian Ocean there are large animals 100 yards [this is probably feet] long and 25 wide, on the backs of which grow bumps of rocks and shellfish like vegetation, by which the ships are sometimes damaged. Mariners recount how they attack these animals with arrows and thus force them to move out of their way. They add that they pierce the smallest of these animals and boil them in cauldrons, that their flesh dissolves and turns into liquid fat. This oily substance is renowned in the Yemen, in Aden, on the coasts of Fars and Oman, and in the Indian Ocean and the China Sea. The people of these regions make use of this substance for filling the hulls of the ships.”

That al-Idrisi was able to record the hunting of whales in the South China Sea region in 1154 exhibits the longevity of the practice in Chinese maritime history and the long-term presence of the history itself, rendering it unsurprising that President Xi of China would invoke an observation of Chinese maritime use since “ancient times” in claiming the islands as Chinese territory.

The history of Chinese maritime trade in the region is also based on the foundation of Spratly Islands' exploitation and occupation. The Spratly Islands have been historically known to Chinese mariners, who were observed to sail through the South China Sea to Jakarta (then Batavia) by John Crawfurd, a mariner and trader in the 1830s. It was subsequently reported in the Japan Times in 1933 that Chinese fishing parties were leaving members who then lived on the islands.

These records of historical use have been disputed, as the BBC reporter Bill Hayton noted in 2014: “On 13 April 1930, the French Warship Malicieuse dropped anchor off Spratly Island, hundreds of kilometers to the south of Pratas and the Paracels, and fired a 21-gun salute. The only witnesses to this display of imperial pomp were four marooned and starving fishermen unaware that they were witnessing the opening salvo in a still-unfinished battle for their fishing grounds.”

However, reports of rice supplies and other necessities arriving from China contradict Hayton's suggestion that there were four marooned and starving fishermen. Junks were commandeered for military operations on the Southern Chinese coastline, making them unavailable for the 800-mile voyage from Hainan that year, adding to the maritime issues related to the ongoing conflict with Japan (1930-1945).

After World War II, the Spratly Islands were noted by the British High Commission of Singapore as territory that was returned to China. In 1971, the following statement was made: “Spratly Island was a Chinese dependency, part of Kwangtung Province…and was returned to China after the war. We cannot find any indication of its having been acquired by any other country and so can only conclude it is still held by communist China. (Far Eastern Economic Review, December 31, 1974).”

It should be noted that this was outside of any major conflict in the modern period in the South China Sea (1930–1945, 1945–1956, 1974), and made after an exhaustive study was concluded by the U.K. Foreign and Commonwealth Office. It can therefore can be considered a reasoned statement of recognition made by a knowing and authoritative governmental source who was based in the Southeast Asian before and during World War II.

The consistent nature of other statements made by Britain France and Japan suggest that these nations have historically taken the same position as China, and made public statements to that effect.

For example, France occupied the Paracel Islands in the 1930s during the war between China and Japan. The occupation took place over a year after France had refused to abolish its extraterritorial rights in China, which had been held since 1844. The first official announcement concerning the seizure of the Paracel Islands was made by M. Bonnet, the French Foreign Minister at the Quay d’Orsay, stating that the islands were now occupied by two detachments of Annamite gendarmes from Vietnam in 1938. Amid the Sino-Japanese conflict, the Quai d’Orsay took the opportunity to note that “the islands have been visited by Chinese fishermen for generations” (North China Herald, July 4, 1938, June 6, 1934).

Meanwhile, the Chinese Ambassador Wellington Koo informed M. Bonnet that China continued to claim sovereignty over the islands, and Japanese Vice-Minister for Foreign Affairs Mr Horinouchi also made official representations “regarding the French occupation of the Paracel Islands’ (Japan Times & Mail, July 6, 1938; Portsmouth Evening News, July 7, 1938; emphasis added).

It is clear that the occupation by France of islands used for internationally-recognized Chinese historical economic life was protested by China as an invasion of sovereign territory, and was publicly repeated by Japanese officials, who wished to possess the islands for belligerent purposes that were directed towards China during their war of the 1930s and 40s. The impact today can be derived from a legal interpretation, as UNESCO and UNCLOS provide protections and rights for historic grave sites. 

[robertsteven65]

Technological Advances in CAP Production Drive Propionic Acid Market

Propionic Acid Market size was valued at USD 1.57 billion and is expected to grow to USD 3.12 billion in 2032. Between 2023 and 2032, this market is estimated to register the highest CAGR of 7.3%

The propionic acid market refers to the global industry centered around the production, distribution, and utilization of propionic acid, a three-carbon carboxylic acid with the chemical formula CH3CH2COOH. Known for its strong odor and clear, colorless appearance, propionic acid is primarily produced through the hydrocarboxylation of ethylene using a nickel carbonyl catalyst. This chemical is widely used in the food and feed industry as a preservative, effectively preventing the growth of mold and bacteria in various products. 

Beyond its preservative qualities, propionic acid is also utilized in the production of specialty propionates like cellulose acetate propionate (CAP), a valuable thermoplastic. Additionally, it serves important functions in the manufacturing of herbicides, pharmaceuticals, and solvents. The versatility of propionic acid across these applications underscores its significance in various industrial processes. However, due to its potential to cause irritation upon contact, health organizations are vigilant about monitoring exposure levels, ensuring that its use remains safe for workers and consumers. 

Download a sample report in MINUTES@  https://market.us/report/propionic-acid-market/request-sample/ 

Key Market Segments

Based on Purity

Upto 99%

Above 99%

Based on Application

Animal Feed and Food Preservatives

Sodium Salts

Herbicides

Plasticizers

Other Applications

Based on End-User

Agriculture

Food and Beverage

Personal Care

Pharmaceuticals

Other End-Users

Purity Analysis: The up to 99% purity segment of propionic acid is the most lucrative, projected to grow at a CAGR of 8.5%, driven by its industrial advantages like reducing food consumption and increasing tissue insulin sensitivity.

Application Analysis: The food preservative segment leads the propionic acid market with a projected CAGR of 7.4%, fueled by the rising demand for ready-to-eat foods and natural preservatives.

End-User Analysis: The food and beverage segment, holding a 42% revenue share in 2022, is the most lucrative in the propionic acid market, with a projected CAGR of 7.5%, driven by its extensive use in preventing mold and bacteria in various processed foods.

Market Key Players

BASF SE

Dow Inc

Eastman Chemical Company

Perstorp Holding AB

Hawkins, Inc

CORBION N.V

Otto Chemie Pvt. Ltd

Merck KGaA

Oman Oil Company SAOC

Celanese Corporation

Other Key Players

Drivers:

The propionic acid market is driven by its use as a preservative in packaged food and animal feed, with demand expected to rise due to the need for safe preservatives. The production of herbicides and cellulose acetate propionate (CAP), along with increasing consumer demand for convenience foods, further fuels market growth.

Restraints: 

Environmental concerns regarding pesticide use and the lack of innovative products are likely to constrain market growth. Additionally, the adverse health effects of propionic acid, such as nausea, vomiting, and skin irritation, may impede market expansion.

Opportunities: 

Propionic acid esters, which can serve as natural solvents and flavorings, present significant growth opportunities. Their use in biogas facilities and as alternatives to chemical solvents offers profitable potential for industry participants.

Challenges: 

The main challenges include addressing environmental concerns, mitigating the health risks associated with propionic acid, and overcoming the market pressure to reduce product margins, which affects overall revenue.

[mohdlarik]

Risk Management Strategies for US Financial Institutions Venturing into the Middle East

The world is transforming in different ways, with the Middle East being one of the most important regions with the two most emerging countries—the United Arab Emirates and the Kingdom of Saudi Arabia.

The UAE has solidified its position as the premier destination for high-net-worth individuals globally, with a projected net inflow of over 6,700 millionaires in 2024 — more than any other country globally. The Kingdom of Saudi Arabia is building a promising new mega-city, Neom, in a desert with more than $500 billion. 

These two countries, along with other countries of the Gulf, including Qatar, Bahrain, Kuwait, and Oman, are attractive destinations for investors of foreign countries, particularly from the United States of America.  

The Middle East offers a promising frontier for US financial institutions too, with its dynamic markets and strategic significance. However, success in this region requires a deep understanding of the local landscape and a proactive approach to risk management. By implementing out-of-box strategies, US financial institutions can navigate the complexities of the Middle East, capitalize on its opportunities, and foster long-term growth and stability.

As U.S. financial institutions continue to eye expansion into the Middle East, they face a complex and multifaceted risk landscape that requires meticulous management strategies. The region, rich in investment opportunities and characterized by rapid economic growth, presents a unique set of challenges and potential pitfalls. U.S. banks and financial firms must navigate these intricacies with a robust approach to risk management to ensure successful market entry and sustained operations.

One of the foremost challenges for US financial institutions expanding into the Middle East is the diverse and often stringent regulatory environment. Each country in the region has its own set of financial regulations, often influenced by Islamic banking principles, which can significantly differ from US standards. Institutions must engage local expertise such as hiring local legal and financial experts who understand the intricacies of regional regulations can provide invaluable insights.

Regulatory risk also poses a significant challenge. The regulatory environment in the Middle East varies widely across different countries, with some jurisdictions imposing stringent regulations while others offer more lenient oversight. U.S. financial institutions must ensure full compliance with local laws and regulations, which may differ substantially from those in the United States. Engaging local legal experts and regulatory consultants can provide invaluable guidance in navigating these complexities and avoiding costly compliance missteps.

Cultural differences represent another critical aspect of risk management. Business practices and consumer behavior in the Middle East are influenced by a distinct cultural context, which U.S. institutions must respect and understand. This necessitates cultural sensitivity training for staff and the incorporation of local customs and preferences into business strategies. Building a diverse team with regional expertise can enhance cultural competence and foster better communication and relationships with local clients and partners.

Economic risk, including currency volatility and fluctuating oil prices, is another area requiring careful attention. The economies of many Middle Eastern countries are heavily dependent on oil, making them susceptible to global oil market fluctuations. U.S. financial institutions should employ strategies such as currency hedging and diversification of investment portfolios to mitigate the impact of economic instability. Keeping abreast of economic indicators and trends in the region will also aid in making informed business decisions.

Cybersecurity risk is increasingly prominent as digital transformation accelerates across the Middle East. Financial institutions expanding into the region must invest in robust cybersecurity measures to protect against cyber threats and data breaches. This involves implementing advanced security protocols, conducting regular security audits, and fostering a culture of cybersecurity awareness among employees. Partnering with local cybersecurity firms can also enhance the institution's defensive capabilities against region-specific cyber threats.

One of the primary benefits of compliance with banking regulations in the UAE is the enhancement of financial stability. The UAE's financial system, like any other, is susceptible to various risks, including market fluctuations, credit risks, and operational hazards. By adhering to regulatory frameworks set by authorities like the Central Bank of the UAE, banks can mitigate these risks. Compliance ensures that banks maintain adequate capital reserves, manage their liquidity effectively, and conduct their operations prudently. This stability is vital not only for the banks but also for the economy, as it prevents financial crises that could have widespread adverse effects on businesses and individuals.

Another significant benefit is the protection of consumers. Banking regulations in the UAE are designed to safeguard the interests of depositors and borrowers. These regulations ensure transparency in financial transactions, fair treatment of customers, and the protection of personal and financial data. By complying with these regulations, banks foster a trustworthy environment where customers feel secure in their financial dealings. This trust is essential for the sustained growth of the banking sector, as it encourages more people to use banking services, thereby promoting financial inclusion and literacy.

Compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations is particularly important in the UAE, given its strategic location and status as a global financial hub. These regulations help prevent illicit activities that could tarnish the country's reputation and lead to severe economic consequences. Banks that comply with AML and CTF requirements contribute to a safer financial environment by detecting and reporting suspicious activities, thereby supporting global efforts to combat financial crimes. This not only protects the integrity of the financial system but also enhances the UAE’s standing in the international community.

Furthermore, regulatory compliance fosters a competitive and innovative banking sector. Regulations often require banks to adopt best practices and the latest technological advancements to improve their services and operations. This compliance drives innovation as banks seek to meet regulatory requirements in cost-effective and efficient ways. For instance, the adoption of advanced data analytics, cybersecurity measures, and digital banking solutions can be seen as a direct response to regulatory demands. This innovation benefits customers through improved services and products, making banking more accessible and convenient.

Moreover, compliance with international banking standards and regulations enhances the UAE's integration into the global financial system. By aligning with global standards, such as those set by the Basel Committee on Banking Supervision, the UAE can attract foreign investment and facilitate cross-border financial transactions. This global integration is essential for a country that aims to be a leading international financial center.

[denvertravelideas]

The United Arab Emirates Introduces New Initiatives to Boost Tourism

In a bid to fortify its position as a global tourism hub, the United Arab Emirates (UAE) is rolling out several forward-thinking initiatives aimed at making travel to the region more attractive and accessible. These measures, encompassing new visa options and specialized programs, are designed to cater to a wide array of travelers and professionals, further solidifying the UAE's reputation as a premier destination.

GCC Grand Tours Visa: A Regional Travel Revolution

One of the most significant developments is the introduction of the GCC Grand Tours visa, expected to be available by the end of 2024. This innovative visa will allow travelers to enter and exit multiple Gulf Cooperation Council (GCC) countries on a single entry, similar to the Schengen visa system in Europe. This multi-entry visa will facilitate seamless travel across the six GCC states: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.

The GCC Grand Tours visa is a strategic move aimed at simplifying travel logistics and encouraging tourists to explore the rich cultural and historical offerings of the entire region. By removing the hassle of obtaining separate visas for each country, the initiative is expected to boost intra-regional tourism and foster a more interconnected Gulf tourism market.

Also checkout: UAE Multiple Entry Tourist Visa

Dubai's Gaming Visa: Attracting Creative Talent

In a move to attract a niche segment of the global workforce, Dubai has launched a unique gaming visa under the Dubai Program for Gaming 2033. This visa targets professionals in the creative gaming industry, including game developers, designers, and esports athletes. The initiative aligns with Dubai's broader vision to position itself as a leading hub for gaming and digital entertainment.

The gaming visa is part of Dubai's ambitious plan to create a dynamic and innovative ecosystem that supports the growth of the gaming sector. By offering tailored visas to gaming professionals, Dubai aims to attract top talent and foster a vibrant community of creatives who can contribute to the city's burgeoning digital economy.

Enhanced Visa Exemptions: Simplifying Travel for More Nationalities

Complementing these specialized visas, the UAE has also expanded its visa exemption policy. Nationals from 87 countries can now enter the UAE without the need for a pre-arranged visa. This update significantly simplifies the travel process for a large number of potential visitors, making the UAE more accessible than ever before.

The expanded visa exemption policy is a testament to the UAE's commitment to welcoming a diverse array of tourists from around the world. By streamlining entry requirements, the UAE is poised to attract more visitors, thereby boosting its tourism sector and supporting the country's broader economic goals.

Strategic Goals and Economic Impact

The UAE's new tourism initiatives are part of a broader strategy to diversify the economy and reduce dependence on oil revenues. By bolstering the tourism sector, the UAE aims to generate additional revenue streams and create new job opportunities. The initiatives are also aligned with the UAE Vision 2021 and the UAE Centennial 2071, which outline the country's long-term goals for sustainable development and economic diversification.

Creating a Competitive Tourism Landscape

With these new measures, the UAE is set to enhance its competitive edge in the global tourism market. The introduction of the GCC Grand Tours visa, in particular, is expected to attract a significant number of tourists who are keen on exploring the diverse landscapes and cultural heritage of the Gulf region. This initiative, combined with the gaming visa and expanded visa exemptions, positions the UAE as a forward-thinking destination that caters to the evolving needs of modern travelers.

Conclusion

The UAE's latest tourism initiatives reflect a strategic approach to fostering a more inclusive and accessible travel environment. By introducing innovative visa options and expanding exemptions, the UAE is poised to attract a broader spectrum of visitors, from casual tourists to specialized professionals. These efforts not only enhance the UAE's appeal as a travel destination but also support its broader economic objectives, paving the way for sustained growth and development in the years to come.