Oil and gas

July 24, 2017


OPEC-non OPEC follow-up meeting: Adjustments for a better stabilizing of markets

The prospects for OPEC -non-OPEC agreement on the reduction of oil production are expected to be examined, on Monday in Saint Petersburg (Russia), by representatives of the signatory countries, with a view to possible readjustments in a global oil market under pressure, Radio Algerie reported on Sunday.

This task has been entrusted to the Joint Ministerial Committee"...

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July 23, 2017


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


ABB: Building Growth Momentum 


  • 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"...

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July 20, 2017


The World Games 2017 Delivered across Europe with SES Video

(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"...

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July 20, 2017


Mercer Sets Forth Bold New Ideas to Address the Sustainability of Global Retirement Systems

(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.


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July 19, 2017


Algeria, EU discuss boosting energy partnership

Algerian Energy Minister Mustapha Guitouni on Monday met with European Union (EU) Ambassador John O'Rourke to discuss ways of boosting cooperation in the energy sector.

The meeting focused on a number of issues, including partnership in hydrocarbon sector, renewable energies, energy efficiency, integration of energy market, technology transfer and local development, Guitouni said in a statement.


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July 19, 2017


Panasonic Successfully Completes the Acquisition and De-listing of Zetes Industries SA

(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"...

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July 19, 2017


Nuvias Named Oracle PartnerNetwork Platinum Level Partner 

(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,......

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July 19, 2017


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


Arabia CSR Network to host GRI and CSR trainings from Sep to Dec

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"...

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