oil and gas

July 23, 2017

QNB Group, the largest financial institution in the Middle East and Africa, has recently commenced operations in the city of Mumbai, the economic capital of the Republic of India.

The start of the Group’s operations in the Republic of India comes in support of its vision to become a leading bank in the Middle East, Africa, and Southeast Asia by 2020, in addition to establishing a foothold in highly competitive markets.

Through its new branch in India, the Group offers a full spectrum of"...

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July 22, 2017

The Abu Dhabi National Oil Company, ADNOC, recently announced the expansion of its strategic partnership model, as well as the more active management of its portfolio of assets.

Following the launch of this new initiative, Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of ADNOC met last week with both potential and existing partners in China and Japan. These discussions focused on the new partnership and co-investment opportunities created through ADNOC’s new approach, as well as the deepening of UAE bilateral relations with both countries.

ADNOC’s"...

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July 20, 2017

(ME NewsWire)-- SECOND QUARTER HIGHLIGHTS

  • Total and base orders grew 3%1; higher orders in all regions
  • Revenues up 1%
  • Operational EBITA margin2 12.4%, dampened this quarter by commodity prices and some overcapacity
  • Net income $525 million
  • Cash flow from operating activities $467 million reflects timing of short-term incentive payments
  • Net working capital as a percentage of revenues 14.1%, reduced 90 bps on an annual basis
  • Active portfolio management: B&R acquisition closed July 6, KEYMILE’s communication business to be acquired Q3

“In"...

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July 20, 2017

(ME NewsWire)-- The 10th edition of the World Games 2017 will be distributed in Europe jointly by SES and ATM System, the official host broadcaster for the multi-sport event. The international event, taking place in Wroclaw, Poland, from 20 to 30 July 2017, will be transmitted via two SES satellites: SES-4 located at 22 degrees West and ASTRA 3B at 23.5 degrees East.

Under the agreement announced by SES (Euronext Paris:SESG) (LuxX:SESG), ATM System will be responsible for TV production and will use SES’s satellite capacity for distribution from the Wroclaw sports arenas to broadcasters across"...

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July 20, 2017

(ME NewsWire)-- Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly-owned subsidiary of Marsh & McLennan Companies (NYSE:MMC), today announced the launch of “Bold Ideas for Mending the Long Term Savings Gap,” which addresses ways to improve the $70 trillion global retirement savings deficit. These ideas are part of Mercer’s ongoing commitment to exploring ways of improving financial security for individuals.

Through four main themes, Mercer explores innovative responses to what Jacques Goulet, President of Health and Wealth, Mercer refers to"...

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July 19, 2017

(ME NewsWire)-- Panasonic Corporation announced today that it has completed the acquisition of 100% of outstanding shares of Zetes Industries SA and the de-listing of Zetes shares from Euronext Brussels. Zetes is headquartered in Brussels, Belgium and has a market leading position in goods and people identification and mobility solutions in Europe.

This acquisition is an important milestone for Panasonic’s logistics business, one of the key segments in the growing B2B Solutions business. The transaction allows Panasonic to further strengthen its logistics solutions capabilities that help its logistic"...

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July 19, 2017

(ME NewsWire)-- Nuvias, a rapidly growing, pan-EMEA, high value distribution business, today announced that it has achieved Platinum partner status in Oracle PartnerNetwork (OPN). By attaining Platinum level membership, Oracle has recognized Nuvias for its in-depth expertise and excellence in Oracle Communications Session Border Controller (SBC) and Operations Monitoring solutions. This achievement further strengthens the EMEA product portfolio for the recently launched Nuvias Unified Communications (UC) Practice, which resulted from the acquisition of leading UC specialist SIPHON Networks at the end of 2016. Oracle Communications’ SBC will form the core part of a range of Nuvias’ end-to-end UC solution packages aimed at the service provider and enterprise reseller markets. These include the Nuvias Hosted Unified Communications Package, integrated with Broadsoft UC cloud technology, as well as the Nuvias SIP Trunking, Cloud Connector and Assured Trunk packages. Nuvias will roll-out these new Oracle-based solutions across EMEA with a focus on DACH*, France, Italy, Spain, the Nordics and the Middle East, through established Nuvias regional sales and support operations. Oracle......

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July 19, 2017

(ME NewsWire)-- Archer Daniels Midland Company (NYSE: ADM) announced today that it has completed its acquisition of a controlling interest in Industries Centers, which will now be known as ADM Israel.

“By combining ADM’s unparalleled global network with the experience and capabilities of Industries Centers, ADM Israel offers customers in Israel unequalled service, including end-to-end supply chain management,” said Joe Taets, president of ADM’s Agricultural Services business unit. “We’re looking forward to expanding to offer both new and existing customers in Israel"...

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July 18, 2017

The Arab Region’s leading think tank and sustainability centre Arabia CSR Network will hold a host of trainings in the second half of 2017. Starting with a certified training on GRI Standards in July and a few more of the same in September and December, ACSRN will offer more trainings to build capacity of individuals and organisations in CSR and sustainability. A two-day training on Integrated Reporting will be held in October, an accredited 3 day CSR Advanced course in November and a one day workshop titled Materiality Matrix in October. August ACSRN will organise a one day GRI Standards Transition Module for interested participants.

Arabia"...

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July 18, 2017

(ME NewsWire)-- The Andersen name will debut in Israel and the Middle East this week as Beneli Tax formally adopts the Andersen name as a member firm of Andersen Global. The tax firm, based in Tel Aviv, entered a Collaboration Agreement with Andersen Global in January 2017, and is now a full-fledged member firm operating under the name Andersen Tax.

“We are pleased to formalize our relationship with Andersen Global and adopt the Andersen name which so clearly represents our values,” said Ilan Ben-Eli, lead Partner of Andersen Tax in Israel. “Our priority has and will continue to be"...

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