Banking

July 24, 2017

1

Four Sectors Are Mobilized To Stop The Bleeding Of Hard Currency

Trade and Industry Industry, Assassi Ahmed Abdelhafed, held a coordination meeting, on Thursday, on the subject of goods and outstanding products at the level of the sea and dry ports, in the presence of representatives of the Ministries of Industry and Mines, Agriculture, Rural Development and Fisheries, the General Directorate of Customs, and the Bank of Algeria, in order to focus on the points that should be followed in the context of ensuring the protection of the national economy and abide by the conditions of granting"...

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July 24, 2017

2

Mavenir Announces R & D Center of Excellence Focused on 5G Network and Services 

(ME NewsWire)-- Mavenir, the leader in accelerating and redefining network transformation for Service Providers, today announced a new R&D and 5G Innovation centre of excellence in Ra'anana, Israel focused on 5G Network and Services solutions.

The next generation of the network infrastructure will be based on a common flexible infrastructure that supports applications with stringent quality of experience"...

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July 23, 2017

3

QNB Group Commences Operations in India

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"...

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July 20, 2017

4

Philip Morris International General Counsel Gives Expert Testimony at U.S. Commission Hearing on Global Threats Posed by Illicit Tobacco

(ME NewsWire)-- Marc Firestone, Senior Vice President and General Counsel of Philip Morris International (NYSE/Euronext Paris: PM), today appeared as an invited witness before the Commission on Security and Cooperation to offer expert testimony in support of the Commission’s objective of addressing the security and economic threats posed by the illicit trade in tobacco. The hearing was held on Capitol Hill in Washington, D.C.

The"...

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July 19, 2017

5

The invest.com Group Announces Token Generation Event for Stox, A New Prediction Market Platform

(ME NewsWire)-- Continuing its quest to democratize investing for all, The invest.com Group is today announcing an upcoming token generation event for Stox, a new prediction-based trading platform. invest.com was founded in 2014, employs a team of 200 across five countries, has 3M registered clients, and generated $50M in annual revenue for 2016. Stox will be issued as a smart token using the Bancor protocol, which the team has evaluated to be the best blockchain based liquidity solution. STX will hold BNT in its reserve which would guarantee continuous and high liquidity, enabling anyone to purchase STX directly through the smart token with Ether, as well as liquidate STX back to Ether — notably, with low slippage and no spread. “We are excited to collaborate with Stox and support their effort to become a pioneer member in the Bancor network. We believe that the guaranteed liquidity and the stability of STX will benefit token holders, the Stox project at large and provide a strong case study for the Bancor protocol,” said Eyal Hertzog, Chief of Product,......

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July 19, 2017

6

ADM Expands Destination Marketing Capabilities with Completion of Industries Centers Acquisition

(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"...

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July 18, 2017

7

Andersen Tax Announces Debut in Israel

(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"...

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July 18, 2017

8

IMA Encourages Proactive Issues Resolution, Personal Accountability and Whistleblower Protections in Revised Ethics Guidance

IMA® (Institute of Management Accountants) today introduced a revision to its Statement of Ethical Professional Practice (SEPP), designed to help guide the ethical aspects of the business, as well as personal decisions of IMA members and other management accounting professionals. The SEPP, effective July 1, 2017, replaces the previous version published in 2005 and reflects changes"...

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July 18, 2017

9

Bank of America Reports Second-Quarter 2017 Financial Results 

(ME NewsWire)-- Bank of America reported its second-quarter 2017 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways: Bank of America newsroom at http://newsroom.bankofamerica.com. Bank of America Investor Relations website at http://investor.bankofamerica.com. Business Wire’s news webpage at http://www.businesswire.com/portal/site/home/news. Investor Conference Call information Bank of America Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio will discuss the company’s results in a conference call at 8:30 a.m. ET today. For a listen-only connection to the investor presentation, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international). The conference ID is 79795. Please dial in 10 minutes prior to the start of the call. Investors can also listen to a live audio webcast......

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July 17, 2017

10

Muscat Insurance Company Selects Beyontec Suite 

Beyontec, a leading insurance information and technology firm specializing in providing configurable solutions to the P & C Insurance industry announced today that Muscat Insurance Company (MIC), one of the leading insurance companies in Oman has selected Beyontec as their preferred technology partner. Beyontec will implement their award-winning insurance solution Beyontec Suite for MIC.

After evaluating"...

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