Fluor Signs Memorandum of Understanding with Saudi Arabian Mining Company Ma’aden
June 29, 2017
(ME NewsWire)-- Fluor Corporation (NYSE: FLR) announced today that it has signed a memorandum of understanding (MOU) with Saudi Arabian Mining Company (Ma’aden) to support future Ma’aden projects located within and outside the Kingdom of Saudi Arabia. Under the MOU, Fluor would be considered for conceptual; pre-front-end engineering and design (FEED); FEED; engineering, procurement and construction management; and program management contracting services for future projects. “This understanding would allow both parties to increase their involvement in Saudi Arabia and expand their services outside the Kingdom,” said David Seaton, Fluor’s chairman and chief executive officer, who signed the MOU at the inaugural Saudi-U.S. CEO Forum in Riyadh recently. “Fluor’s legacy in Saudi Arabia dates back to 1947 and we have a strong partnership with Ma’aden,......
Heathrow and Travelex launch new appointment service for VAT Refunds
June 29, 2017
(ME NewsWire)-- Travelex has partnered with Heathrow to launch VAT Refund by Appointment, a new service for customers reclaiming their tax when leaving the UK. Customers flying from Heathrow Terminal 5 can now book private refund appointments for a fast, efficient service at a time convenient to them.
John Rayment, UK Commercial Director, Travelex explains: “Tax-free shopping is one of the great benefits"...
MPEG LA Introduces License for EVS
June 28, 2017
(ME NewsWire)-- MPEG LA, LLC today announced the availability of the EVS Patent Portfolio License providing efficient access to technologies underlying the EVS (Enhanced Voice Services) standard.
Designed to operate ubiquitously over packet-switched mobile and fixed-line communications networks, EVS represents a significant advance for voice and audio compression devices with compression, network capacity"...
Mirka and Cafro Join Forces to Expand in the Field of Superabrasives
June 28, 2017
(ME NewsWire)-- The world leading abrasives and power tools manufacturer Mirka Ltd. announces the acquisition of 100 % of the shares of the Italian superabrasive wheels and tools manufacturer Cafro S.p.A. Mirka is part of the Finnish family owned KWH Group and offers a complete range of superior sanding solutions for high quality surface finishing. The acquisition is an integral part of Mirka’s strategy to expand its business in the field of superabrasives and grinding solutions.
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Leading UAE-based Cybersecurity Company Warns of Dangers of Petya Ransomware and Stresses the Importance of Network Security Assessments & Patching
June 28, 2017
Two months after one of the worst ransomware attack in history was conducted via WannaCry, a newer, more dangerous version is out in the wild. Security researchers have called it Petya, and it’s even more devastating than WannaCry.Petya has some of the same characteristics of WannaCry, including using the notorious EternalBlue exploit for Windows. The only difference with Petya is that, according to one well-known security researcher, it is currently spreading over local networks. This threat of a more advanced WannaCry"...
Savage Saudi Arabia to Provide One of the First Industrial Rail Switching Operations in the Kingdom of Saudi Arabia at Saudi Aramco’s Natural Gas Plants
June 27, 2017
(ME NewsWire)-- Savage Saudi Arabia (Savage) has entered into an agreement with Saudi Aramco, the world’s top exporter of crude oil and natural gas liquids, to operate one of the first industrial rail switching facilities in the Kingdom of Saudi Arabia. The rail operations will support Saudi Aramco’s Wasit and Berri natural gas plants, located near the Jubail area in the Eastern Province of Saudi Arabia.
“We’re"...
Foreign Ministry affirms its full rejection of all CLAIMS of Hafter forces' Spokesman
June 25, 2017
The Ministry of Foreign Affairs announced Monday its total rejection of the statement made by the Spokesman of the Major General Khalifa Hafter in eastern Libya on the Sudan's relation with parties in Libyan arena, stressing Sudan's continuous role in achieving security and stability for the brotherly Libyan people.
In a press statement Saturday, the Foreign Ministry denied all the allegations made by the spokesman of Hafter, which were crowded with fallacies and obvious errors in the names and descriptions"...
Ministry of Intl Cooperation underlines working for strengthening external partnerships
June 25, 2017
The Ministry of International Cooperation (MoIC) has affirmed the need to strengthen external partnerships to open wider horizons for international cooperation and intensify efforts to ensure its supervisory and coordinating role and to manage foreign aid to accomplish its effectiveness as to achieve the economic development goals through mobilization of international cooperation mechanisms to attract the technical and financial resources through coordination and follow-up of their implementation and utilization of development"...
Zuma says South Africa's recession will end soon
June 24, 2017
South Africa’s President Jacob Zuma today said he was confident that the country will emerge sooner than expected from its first recession for eight years.
Africa’s most advanced economy unexpectedly contracted in the first quarter of this year, pushing it into its first recession since 2009.
“This situation is of serious concern to government,”"...
Mozambique: Construction Industry SMEs Receive $1m AfDB Support
June 24, 2017
Mozambique’s Nacala Corridor Business Linkages Technical Assistance Project has received $1 million in grants from the African Private Sector Assistance Fund (FAPA), a multi-donor thematic trust fund that provides grant funding for technical assistance and capacity building to implement the African Development Bank’s (AfDB) Private Sector Development Strategy.
FAPA has provided more than $51 million to 65 projects across Africa in a"...