Finance & economy

July 6, 2015

1

Compulsory check payment to compel 16,000 importers to justify 'from where did you get this!'

The obligation to pay by check, beyond certain thresholds, officially went into force Wednesday, July 1st 2015 in Algeria. Every day, some practices will undoubtedly change. “Echorouk” got in touch with economists and banking sources in order to shed light on the upcoming changes to be brought about by this governmental decision about the introduction of the compulsory check payment.


Regarding"...

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July 6, 2015

2

CFOs will play critical role in the economic survival of the oil and gas industry, says ACCA

With oil prices slowly recovering from the dramatic fall last summer which forced global organisations to put multi-million dollar projects on ice, ACCA (the Association of Chartered Certified Accountants) has detailed the key areas in which chief financial officers (CFOs) working in the sector can galvanise the finance function in the fight to future-proof their business in an ever more volatile market.


Speaking"...

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July 6, 2015

3

Seiko Instruments Releases New Convenience Timer IC for Automotive Applications

The S-35720 Series is suitable for time management after engine shut-down, enabling improved regulation of automotive emissions and EV battery safety.


Seiko Instruments Inc. (SII) announced the release of the new S-35720 Series convenience timer IC suitable for managing relative time after engine shut-down with its optional alarm time in 1 second increments from 1 second"...

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July 6, 2015

4

ENEL ENDESA Awards SIAE MICROELETTRONICA Group for a Fibre to Microwave Transport Frame Contract

In the effort of renewing and expanding the existing telecommunication infrastructure ENEL ENDESA selects SIAE MICROELETTRONICA GROUP as sole supplier for the Spanish and Peru transport network. Latest generation of microwave radio, WDM, auxiliary equipment, network management system and related professional services including the complete network design are part of the supply.


In"...

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July 6, 2015

5

Western Union Enhances Mobile Money Transfer Capabilities in Africa

The Western Union Company (NYSE:WU), a leader in global payment services, in collaboration with the MTN Group, a multinational mobile telecommunications company servicing 229,2 million customers in 22 countries, today announced the launch of a new mobile money transfer service in Rwanda and Ivory Coast. The new service allows MTN customers in both countries to receive a Western Union Money Transfer® transaction in their mobile wallet.


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July 5, 2015

6

Algeria denies implementing austerity over oil prices plunge

Algeria Prime Minister Abdelmalek Sellal said Saturday the government has adopted a policy of rationalizing public spending rather than austerity to face the plunging oil prices.


"The government has drawn up a policy meant to rationalize public spending," Sellal told reporters on the margins of a visit he paid to a local smart card manufacturing unit, on the eastern suburbs"...

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July 5, 2015

7

Sellal inaugurates Douera dam-reservoir

Prime Minister Abdelmalek Sellal inaugurated Saturday, during his working and inspection visit to Algiers, the Douera dam-reservoir (South West of Algiers), a great strategic hydraulic complex with an 87 million m3 stocking capacity.


Located on Oued Benamar, about 2 km South-West of the city of Douera and 27 km from Algiers, the Douera dam-reservoir will allow the stocking"...

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July 5, 2015

8

DVCOM Technology and Yealink organise the first of its kind Virtual Marathon

Yealink, the global leading Unified Communication (UC) terminal solutions provider launched their 5 Km virtual Marathon run through their master distributor in the region - DVCOM Technology. The first ever Yealink Marathon run in the region kicked off on 30th May 2015 and is aimed solely at the System Integrators and Resellers in the region. This innovative campaign will have the partners getting the sales of the Yealink phones to run the meters and take them to the 5 km finish line by 24th August 2015.


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July 5, 2015

9

GCC and German Rheumatologists to establish “Spondyloarthritis” Center of Excellence in partnership with Abbvie pharmaceuticals

  • Spondyloarthritis disease (SpA), is a type of inflammatory back pain often mistaken for mechanical back pain, that affects approximately 3% of adults
  • Studies show gap between onset of disease and diagnosis reach up to nine years

In partnership with AbbVie Biopharmaceuticals, a global, research-based biopharmaceutical company, Rheumatologists from around the GCC journeyed to Charite Berlin University Hospital in Germany to discuss the recent updates in the management of Spondyloarthritis disease (SpA),"...

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July 4, 2015

10

Pershing Square Holdings, Ltd. Releases Monthly Net Asset Value and Performance Report for June 2015

Regulatory News:

Pershing Square Holdings, Ltd. (ticker: PSH:NA) today released the following regular monthly Net Asset Value (NAV) and Performance Report for the month of June 2015. The information has also been posted to the PSH website, www.pershingsquareholdings.com. Monthly net asset value and performance are calculated at the close of business on the last business day of the month.


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