Government

September 25, 2016

1

Cigna Foundation Workplace Wellness Summit Set for Oct. 11 in Dubai; Leading Dubai Employers to Discuss Health, Well-being of Workforce

Leading multi-national employers in Dubai will discuss the health and well-being of the workforce at the Cigna Foundation Workplace Wellness Summit taking place Oct. 11 from 8 a.m. to 1 p.m. at the Jumeirah Emirates Towers Hotel, Sheikh Zayed Road, Dubai, United Arab Emirates (UAE). Employers, NGOs, academicians, medical professionals and others with an interest in workforce health and well-being are invited. Seated is limited, and there is no registration fee.

The"...

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September 25, 2016

2

Algeria plans bank privatizations as oil money dries up

Algeria plans to allow its dominant state banks to list on the local stock exchange to help develop its financial markets and diversify sources of funding after the oil price slide, a senior financial official said.

The plan will open the door for foreign investors to acquire controlling stakes in banks, reversing a rule requiring Algerian firms to keep a majority"...

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September 24, 2016

3

Opec in new push to clinch key output freeze deal

As far as Opec decision-making is concerned, Algeria, which plays host to oil ministers next week, has always been the land of surprises.

The last two meetings of the Organization of the Petroleum Exporting Countries (Opec) held in Algeria -- in 2004 and 2008 -- shocked the market with unexpected production cuts to prop up prices.

The stars could align for Opec again next week when its ministers return to Algiers and look ready to curb output for the first time in eight years, according to Opec officials and sources.

Saudi Arabia and Iran, arch-rivals in oil markets...

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September 24, 2016

4

OPEC meeting in Algiers: Boutarfa expects 'positive solution'

The informal meeting of the Organization of Petroleum Exporting Countries (OPEC), which will take place Wednesday in Algiers, must imperatively lead to "positive solution" in order to stabilize the market, Energy Minister Noureddine Boutarfa stressed in an interview to APS, highlighting Algeria's conciliatory role within OPEC.

"We will spare no effort to ensure the success of this meeting. We do not expect a negative scenario. The meeting must"...

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September 23, 2016

5

Shanhai Capital to Acquire Analogix Semiconductor

Analogix Semiconductor, Inc. and Beijing Shanhai Capital Management Co, Ltd. (Shanhai Capital), today jointly announced that they have entered into a definitive merger agreement under which a consortium led by Shanhai Capital will acquire all of the outstanding shares of Analogix for over $500 million. China Integrated"...

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September 22, 2016

6

Over US$1.36 Billion of Expo 2020 Dubai Spend to be allocated to SMEs Globally

Expo 2020 Dubai – the first World Expo to be held in the Middle East, Africa and South Asia (MEASA) region – has announced that 20% of the Expo’s total direct and indirect spend, representing more than US$1.36 billion in contracts, will be allocated to Small and Medium Enterprises (SMEs), both local and international.

The"...

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September 22, 2016

7

Slovenia Confirms Participation in Expo 2020 Dubai

The Republic of Slovenia is announced as the latest nation to officially sign up to Expo 2020 Dubai in exchange of letters at the Dubai Chamber of Commerce.

His Excellency Sultan Al Mansouri, UAE Minister of Economy, met with His Excellency Zdravko Počivalšek, Slovenian Minister of Economic Development and Technology, on Thursday for an exchange of letters to officially confirm Slovenia’s commitment"...

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September 21, 2016

8

Abdulla Matar Al Mannaei Wins the Award for Best CEO in Middle East in CSR Category

The award was presented during the CEO Middle East award ceremony

HE Abdulla Matar Al Mannaei, Managing Director of Emirates Auction, was announced winner of the annual Best CEO Award 2016 in Corporate Social Responsibility category.

Presented by CEO Middle East Magazine, a publication of the ITP, the leading publishing group in"...

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September 19, 2016

9

Mauritius''blue economy' under threat from climate change

Pointe aux Piments, is a port located in the north-west of the island of Mauritius in the Indian Ocean.

Fishermen at the port are unable to deal with the consequence of climate change and the coastal erosion caused by pollution and illegal fishing.

They complain that the working conditions have become difficult adding that they have no other alternative means.

"Coastal"...

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September 19, 2016

10

Guitouni: No increase in electricity, gas prices

Chief Executive Officer of the national electricity and gas group (SONELGAZ) Mustapha Gouitouni reassured customers that no increase in the prices of electricity and gas is scheduled for this year.

There will no increase in the prices of electricity and gas, Guitouni told APS on the sidelines of a meeting with executives of Sonelgaz in Algiers, stressing that the group has adopted rigorous measures to collect its dues of institutions and companies,"...

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