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OIL AND GAS

‘Prince of oil and war’ set to take helm in Saudi Arabia
June 23, 2017

Riyadh in mid-summer, nearing the end of the Ramadan fast, is a cauldron of searing heat. The political temperature in the Saudi Arabian capital and across the region rose perceptibly this week with the news that a young man in a hurry will one day – and perhaps fairly soon – mount the throne of a country at the heart of the current turmoil in the Middle"...

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XPRIZE Announces Teams Advancing in $15M Global Learning XPRIZE at EdTechXEurope
June 22, 2017

(ME NewsWire)-- Today, XPRIZE, the world’s leader in designing and managing incentive competitions to solve humanity’s grand challenges, announced 11 semi-finalists advancing in the $15M Global Learning XPRIZE. Announced at this year’s EdTechXEurope, XPRIZE is challenging these semi-finalist teams to develop open source and scalable software that will enable children in developing countries to teach themselves basic reading, writing and arithmetic within 15 months. “Throughout my career, I’ve seen the many ways technology has evolved to help children access an education they may otherwise not have,” said Matt Keller, senior director of the Global Learning XPRIZE. “What most excites XPRIZE about these semi-finalist teams is the possibility that their innovative......

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Australian Automotive Manufacturing Plants Shutting Down Operations
June 22, 2017

(ME NewsWire)-- Hilco Industrial Acquisitions B.V. (www.hilcoind.com) announced today that it will lead the disposition process for a massive machinery and equipment asset sale which will effectively shut down the automobile manufacturing business on the Australian Continent. The sale comes because of the recent closure of all Toyota Australia manufacturing operations, the last remaining auto production facility remaining on the continent. This unprecedented auto equipment sale will include all the key production shops and vendors that have been part of the manufacture of cars in Australia for over 60 years. All the equipment will be offered for sale via private treaty from their production shops including aluminum casting, furnaces, engine line machining, assembly, robotic automation, presses, extruders,......

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Oil prices PLUNGE: New woe heaped on Saudi Arabia's battered economy
June 21, 2017

Brent crude sank below $46 a barrel, as US shale producers continue to flood the market and challenge the Middle East's long-held control over global oil supply.

The latest price fall also dragged down the FTSE 100, which is full of mining and commodity stocks, with Brent crude now around 20 per cent lower than it was at the start of the year.

Saudi"...

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Saudi Arabia overtakes US and Russia in recoverable oil rankings
June 21, 2017

Saudi Arabia has added enough recoverable oil resources to retake top position ahead of the United States and Russia, according to Rystad on June 20, 2017.

The Rystad Energy Annual Review found that the addition of 73 billion barrels of recoverable oil since the 2016 review had helped the country to regain the"...

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Saudi oil giant takes stake in Irish wastewater start-up OxyMem
June 20, 2017

OxyMem’s wastewater management system has attracted investors from far and wide, though courting the Saudi Arabian Oil Company is a big coup.

Saudi Aramco is the Saudi Arabian national petroleum and gas company, worth up to $10trn (depending on who you believe).

It is the major player in the world energy"...

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IBC2017 Innovation Awards Shortlist Announced: eSports, OTT, IP-OB trucks, and Content Delivered on High Speed Trains amongst Industry Trends Tackled by Entrants
June 20, 2017

(ME NewsWire)-- IBC announces today the shortlist for the IBC2017 Innovation Awards. Demonstrating a breadth of innovation in the electronic media, entertainment and technology industry, the international judging panel reviewed an array of compelling entries, settling on 11 finalists from around the world, all offering very different solutions.

The"...

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SIAE MICROELETTRONICA to Extend the Microwave Network in the State of Bahia for COELBA, Neoenergia Group
June 20, 2017

(ME NewsWire)-- COELBA, part of the Neoenergia group, is one of the first Power utility companies in Latin America offering a fully digital energy distribution system. In their effort to modernize and improve the quality of life in the state of Bahia, COELBA decided to invest in the upgrade and extension of its wireless communication backbone. The existing heterogeneous network comprised of satellite links and low frequency wireless links operating at 900MHz and 1,5Ghz. With the need of connecting new sites and transport new services COELBA decided to build a homogeneous, modern and reliable infrastructure across Bahia. SIAE MICROELETTRONICA technology was selected to implement the modern wireless infrastructure maximising reliability with protected configurations, performances with high capacity bandwidth and providing a single network management system. “SIAE MICROELETTRONICA has developed a strong footprint in the Brazilian market, especially in the......

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Telenor Maritime and SES Networks Provide High-speed Connectivity to Silversea Cruise Ships
June 20, 2017

(ME NewsWire)-- SES (Euronext Paris:SESG) (LuxX:SESG) announced today that Telenor Maritime has signed a multi-year agreement to provide high-speed broadband access to Silversea’s luxurious cruise ships via SES Networks’ Maritime+ solution. Telenor Maritime will be using SES Networks’ fully-managed maritime solution to offer capacity of up to 150Mb/s to provide passengers on Silversea’s ultra-luxury cruise ships a true broadband experience at sea. Passengers onboard these eight ships will be able to stay connected through social network accounts, audio and video conferencing apps, and will also be able to stream video as they sail to the most exotic travel destinations ranging from the tropical paradise of Brazil to the epic wilderness of Antarctica. Designed especially for service......

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Saudi non-oil private sector to rise at 1.2% in ’17
June 19, 2017

The non-oil private sector in the Kingdom is expected to grow at around 1.2 percent compared to 0.1 percent in 2016, Jadwa Investment’s recent macroeconomic update showed.

“The recent issuance of an Islamic bond (sukuk), and the reinstatement of allowances for public sector workers should help lift, or at least stabilize, consumer spending and sentiment. In fact, business surveys continue to point towards an expansion in the non-oil private"...

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