Finance & economy

May 25, 2017

1

Trans-Saharan Road: Development plan covering North of Mali, Niger and Algeria’s South

The Liaison Committee of the Trans-Saharan Road (CLRT) is working currently for the implementation of a development plan, covering the north of Mali and Niger and the far south of Algeria, allowing the identification of inadequacies and stakes relating to the profitability of the construction of this road, said Tuesday, in Algiers, CLRT’s Secretary General Mohamed Ayadi, APS reported.

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May 25, 2017

2

South African Agro-Processing Companies Showcase at Agro Fair in Iran

The Export Marketing and Investment Assistance Scheme (EMIA) of South Africa’s Department of Trade and Industry (dti) has financially supported South African companies in the agro-processing sector to enable them showcase their products at the International Agricultural Trade Fair in Tehran, Iran.

“The dti is participating for the first time at this exhibition and aims to expose SA agro products to the Iranian and other participating"...

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May 25, 2017

3

GCC Companies See Significant Rise in Fraud and Risk Incidents According to Kroll Global Fraud Report

Fraud, cyber, and security incidents are now the “new normal” for Gulf companies, according to the executives surveyed for the 2016/17 Kroll Annual Global Fraud and Risk Report1. The proportion of executives that reported their companies fell victim to fraud in the past year rose significantly to 88%, from 62% in 2015, highlighting the escalating threat to corporate reputation and regulatory compliance. The Gulf region saw the highest rise in fraud incidents of any region across the world.

Cyber"...

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May 25, 2017

4

Julphar’s Board of Directors Meeting Held on May 18th, 2017

During the meeting held on May 18th 2017, Julphar Gulf Pharmaceutical Industries’ Board of Directors released the company’s quarterly results and business achievements for the first three months of the year.

The Board discussed the situation in Middle East and North Africa (MENA), impacted by the environment in the Iraqi, Egyptian and Libyan markets, with the company achieving sales amounting"...

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May 25, 2017

5

The Estée Lauder Companies Announces Global Brand Leadership Updates 

Today The Estée Lauder Companies Inc. (NYSE:EL) announced global leadership updates for the following brands: Aveda, Bobbi Brown, La Mer and Bumble and bumble. These brands are part of the portfolio led by Jane Hertzmark Hudis, Group President. The following changes are effective July 1, 2017:

  • Dominique Conseil, Global Brand President, Aveda, has announced plans to retire. Succeeding Mr. Conseil is Barbara De Laere, who has been appointed Senior Vice President, Global General Manager, Aveda. Ms. De Laere"...

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May 25, 2017

6

Koch Supply & Trading, JOVO, MISC, Teekay Marine Solutions Sign Pioneering Deal in LNG Ship-to-Ship Transfer 

Providing another example of its innovative solutions within a developing LNG market, Koch Supply & Trading (KS&T) today announced the completion of the first of multiple and regular ship-to-ship (STS) LNG transfers with private Chinese company JOVO and Malaysian ship owner MISC. The agreement is the first of its kind for KS&T, JOVO and MISC and is the first LNG STS transfer in the Philippines.

With LNG STS transfers traditionally serving"...

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May 25, 2017

7

Rockwell Automation CEO Discusses Future of Industrial Internet of Things

Blake Moret, president and CEO of Rockwell Automation, spoke on Internet of Things (IoT) adoption and its impact on industrial productivity, sharing insights with more than 1,200 business leaders at Cisco’s IoT World Forum in London today. As the industry’s only company solely dedicated to industrial automation and information, Rockwell Automation is uniquely positioned to understand the challenges and opportunities associated with harnessing the future of smart manufacturing.

As"...

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May 25, 2017

8

US Food and Drug Administration (FDA) Begins Scientific Review of Philip Morris International’s Modified Risk Tobacco Product Application for its Electronically Heated Tobacco Product (EHTP) 

(ME NewsWire)-- On May 24, 2017, the US FDA published the executive summary and research summaries supporting Philip Morris International Inc.’s (PMI) (NYSE/Euronext Paris: PM) Modified Risk Tobacco Product (MRTP) application for the company’s EHTP. In doing so, the agency announced that it will publish a notice in the Federal Register establishing a formal docket for public comments on PMI’s application at a later date.

PMI"...

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May 24, 2017

9

Innovative Trade Initiative in Africa Extended to 2019

The Hub and Spokes programme that expands opportunities for business, employment and prosperity in African, Caribbean and Pacific countries has been extended to February 2019 starting with a stakeholders’ workshop currently ongoing in Bridgetown, Barbados.

The joint trade initiative of the European Union, ACP Group Secretariat, Commonwealth Secretariat and Organisation Internationale de la Francophonie places trade advisers, the ‘spokes’,"...

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May 24, 2017

10

The 1st Algerian summer fair to be launched in Oran, July 5th

The first Algerian summer fair has been scheduled to take place in the coming summer season, in the province of Oran (west Algeria), starting from 5th to 12th July, Radio Algerie reported on Tuesday, citing the organizers.

Initiated by the “Médina Events” agency specialized in events, this fair coinciding with the summer holidays, will bring together between 40 and 50 exhibitors, activating in several areas, related to travel,"...

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