Finance & economy

October 2, 2014

1

Algeria-UNDP: Six associations benefit from micro-financing for environmental projects

Memorandums of understanding on environmental projects funded by the Global Environment Facility (GEF) as part of the micro-financing programme of non-governmental organizations were signed, Tuesday in Algiers, between six Algerian associations and the Facility, under the aegis of the United Nations Development Programme (UNDP).


The signing ceremony was held at"...

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October 2, 2014

2

Algeria’s GDP growth likely to rise to 4% in 2014, says IMF

Algeria’s GDP growth is forecast to reach 4% in 2014 against 2.8% in 2013, said Wednesday the Head of the International Monetary Fund mission in Algiers Zeine Zeidane.


"The economic activity has strengthened in 2014 and the real GDP growth is expected to rise to 4% against 2.8% in 2013," Zeidane told a news conference held at the end of his consultation mission"...

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October 2, 2014

3

IMF satisfied with Algeria’s economic and financial position

The head of the IMF mission in Algeria Zeine Zeidane, said that Wednesday in Algiers that Algeria’s economic and financial position is relatively favorable, while putting a stress on the importance of larger control of the budgetary deficit.


"The economic activity has strengthened in 2014 and the real GDP growth is expected to rise to 4% against 2.8% in 2013,""...

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October 2, 2014

4

Advisory body for modernization of housing sector to be created soon, says minister

A national advisory body for orientation to help in the implementation of the new building industrialization policy, bringing together experts and industry executives, will be created soon, said Wednesday the minister of Housing, National planning and the City, Abdelmajid Tebboune.


"In order to exploit all national skills of our executives, despite the age of some of"...

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October 2, 2014

5

Algeria, United States seek to step up bilateral relations in health

The development of bilateral relations between Algeria and the United States in the health field was broached Tuesday, in Algiers, by Minister of Health, Population and Hospital Reform Abdelmalek Boudiaf and US Ambassador to Algiers Joan A. Polaschik, a ministry's communiqué said.


The meeting was an opportunity for the two officials to assess bilateral cooperation"...

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October 2, 2014

6

Consortium of Leading Financial Firms Invest in New Communication and Workflow Platform

(ME NewsWire) Today, Symphony Communication Services Holdings LLC, a secure communication and workflow technology company, announced its formation through a $66 million investment from a group of the world’s leading financial institutions. Through this unprecedented consortium, Symphony seeks to solve an industry-wide communication challenge by providing a platform for communities of financial services professionals to communicate securely and efficiently using compliant standards"...

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October 2, 2014

7

SES Enabled emergency.lu Awarded the VSAT 2014 “Changing Lives Award”

(ME NewsWire) -- SES TechCom, a fully owned subsidiary of SES S.A. (NYSE Paris:SESG) (LuxX:SESG) announces that it has been attributed the prestigious “Changing Lives Award” at the VSAT 2014 conference in London.


The “Changing Lives Award” highlights and recognises an inspiring initiative that has significantly"...

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October 2, 2014

8

Panasonic Forms New Automotive & Industrial Systems Company in Europe

(ME NewsWire) -- Panasonic Europe today announces the finalization of its Automotive & Industrial Systems Company formation. Panasonic Automotive & Industrial Systems Company Europe (PAISEU), headed by Dr. Wilhelm Steger as President since the beginning of this year, has been created to centralise the company’s business-to-business strategy within Europe and drive revenue within the automotive and industrial sectors. Steger has the financial goal to double revenues by"...

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October 2, 2014

9

NEC Launches UNIVERGE® SV9000 Series Communications Servers

NEC Corporation (NEC) (TOKYO: 6701) announced today the launch of the UNIVERGE SV9000 series, its latest line of communications servers. The new offerings include the SV9100, SV9300, and SV9500 platforms, which serve a range of customers from small and mid-sized businesses (SMBs) to large enterprise customers. Also being launched are new terminals, including the DT800 and DT400 series, as well as the UT880, an innovative new-generation desk phone integrating a traditional desktop phone and an Android tablet into one device.

...

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October 2, 2014

10

GEM Global Yield Fund Commits to Invest Up to IDR 180 Billion in PT. Sidomulyo Selaras Tbk (SDMU)

PT. Sidomulyo Selaras Tbk, a publicly listed transportation and logistics company on the Indonesian Stock Exchange, has successfully signed an Investment Agreement today in the form of an Equity Line of Credit valued at IDR 180 billion for 3 years, and a Call Option for IDR 132 billion with GEM Global Yield Fund of the Global Emerging Markets Group. Total Investments will be IDR 312 billion.


Under"...

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