Finance & economy

February 11, 2016

1

Letter from Elliott to Fellow Shareholders of Bank of East Asia, Limited (HKEx stock code: 23)

(ME NewsWire)-- Elliott1 today announced the release of the attached letter to fellow shareholders of Bank of East Asia, Limited (“BEA”). Elliott, which owns a shareholding of over 7% in BEA, believes that the BEA board should now finally focus on delivering proper value for BEA shareholders by conducting an auction process to explore the scope for a sale of BEA at an appropriate premium.

Elliott’s"...

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February 11, 2016

2

Algeria plans to producce optical fiber, says CEO of Algeria Telecom

Algeria plans to embark soon on optical fiber production, CEO of Algeria Telecom Azouaou Mehmel told the Algerian Managers (FCE) Forum.


"Algeria Telecom is in discussions with national industry groups for the local production of optical fiber and accessories that the company imports," said Mehmel, adding that the company will engage "soon" in partnerships with these"...

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February 11, 2016

3

Government approves dates of national school examinations 2016

Ministry of National Education announced Wednesday in a communiqué that the government has approved the dates proposed by the Joint Committee (ministry and social partners) on the organisation of the national school examinations.


"The ministry of the National Education announces that the government approved the national school examinations dates for 2016, based"...

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February 11, 2016

4

Financial Intelligence Unit forwarded 125 illicit money transfer files to Courts in ten years

The Financial Intelligence Processing Unit (CTRF) linked to Algeria’s finance Ministry has filed 125 dubious cases to the Courts since it began operations in 2005 to date, “Echorouk” learnt from this specialized body.

These cases relate, for the most part, to the suspicion of offenses to the legislation and the flow of capital to or from abroad including illicit transfers of capital, the CRTF unit said.


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February 11, 2016

5

Nouri: 'Drought won't affect water supply, no increase in price'

Minister of Water Resources Abdelawab Nouri said Wednesday in Tipaza that water shortage facing Algeria for more than three months would not affect the drinking water supply, excluding, at the same time, any increase in the price of water.


"Algeria currently has a stock of seven billion m³ water, i.e. 70% of surface water resources, but new water supplies are highly"...

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February 10, 2016

6

MENA Women in Finance award launched at diversity event

A new Middle East & North Africa (MENA) ‘Women in Finance’ award has been launched at an event in Dubai which looked at how businesses can encourage greater diversity and benefit in the process.


The award initiative was announced by event host ACCA (the Association of Chartered Certified Accountants) at their recent event with the theme "Lead the change – increasing gender diversity to boost performance.” Launched in partnership with business information company Naseba, the award will"......

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February 10, 2016

7

International Coalition Announces Criminal Lawsuit Against Petrobras et al in Spanish Criminal Court

The Asociacion de Afectados de Petrobras, a Madrid-based shareholder association; International Securities Associations & Foundations Management Company for Damaged Petrobras Investors (Bolsa Madrid) Ltd. (“ISAF Petrobras”); and a coalition of international law firms, including Cremades Calvo-Sotelo, Motley Rice, and Lowey Dannenberg Cohen & Hart, announce that they have prepared a substantial criminal complaint against Petroleo Brasileiro SA, certain Petrobras group entities and (formerly) high-ranking"...

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February 10, 2016

8

Arabia CSR Awards 9th Cycle launched

The region’s premier CSR and Sustainability Awards scheme was officially launched in the United Arab Emirates in a press conference held this morning. Currently in its ninth cycle, the Arabia CSR Awards have been successful in unveiling the good examples and best practices coming out of public and private establishments across the Arab region. Known for its high rigour and benchmarking properties, the Arabia CSR Awards are keenly contested by big and small, public"...

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February 10, 2016

9

Philip Morris International Recognized as Top Employer in Europe and the Middle East

Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM) today was recognized as a Top employer in Europe for the fourth consecutive year, and for the first time in the Middle East, in recognition of the company’s excellent work environment and exceptional development opportunities for employees. Top Employer certification is the result of an independent assessment by the Top Employers Institute, which has recognized PMI as a leading employer in 24 countries across Europe and the Middle East.


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February 10, 2016

10

Hadjar calls to develop cooperation between Algerian, Tunisian universities

Minister of Higher Education and Scientific Research Tahar Hadjar called Tuesday, in Tunis, for the development of the cooperation between the Algerian and Tunisian universities and research centres.


Speaking at the opening of the Algerian-Tunisian extended committee in higher education, the minister underlined the need “to deepen reflection on ways to strengthen"...

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