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FINANCE & ECONOMY

Haramain train starts service from Jeddah airport station
December 12, 2019

EDDAH — The Haramain High Speed Train resumed on Wednesday its service between Jeddah and Madinah after a gap of nearly two and a half months.

This was for the first time, the train started operation from the railway station of the new terminal of King Abdulaziz International Airport (KAIA) after the main station in Sulaymaniyah district in Jeddah was rendered inoperative following a massive fire.

The"...

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Hydrogène de France Announces the World's First Plant for Mass Production of High-Powered Fuel Cells (Over 1 MW)
December 12, 2019

Hydrogène de France (HDF) becomes a French industrial company by launching its high-powered fuel cell production plant in Bordeaux. This plant, with an annual production capacity of 50 MW, will be the first in the world to mass produce high-powered PACs (greater than 1 MW) using PEM (Proton Exchange Membrane) technology. The industrialization and standardization of these systems reduces their cost and improves significantly their reliability and maintenance.

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Nel ASA: Receives Purchase Order for a 3.5 MW Electrolyser from ENGIE
December 12, 2019

Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel, OSE:NEL), has received a purchase order, following a previously announced contract, for a 3.5 MW electrolyser from ENGIE. The electrolyser is an element of ENGIE's hydrogen solution to produce renewable hydrogen for the world's largest fuel cell electric mining haul truck for Anglo American, a global mining company, and is scheduled to be installed during 2020.

Reference"...

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Schlumberger Limited Announces CFO Succession
December 12, 2019

Schlumberger Limited (NYSE:SLB) announced today that Simon Ayat, Executive Vice President and Chief Financial Officer, will step down from this position effective January 22, 2020. Mr. Ayat, who joined the Company in 1982, will remain with Schlumberger as Senior Strategic Advisor to the Company’s Chief Executive Officer for a period of two years.

Schlumberger CEO Olivier Le Peuch"...

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Genesis Co-Founder Michael Watkins Is Named One of the World’s Most Influential Business Thinkers
December 12, 2019

Michael Watkins, leadership transitions expert and best-selling author of the classic onboarding reference The First 90 Days, was named one of the world’s most influential business thinkers by Thinkers50. Among those also included in the prestigious rankings were W. Chan Kim, Renée Mauborgne, Roger Martin, Amy Edmondson, and Daniel Pink.

Thinkers50 identifies and ranks the"...

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Moody’s Analytics Wins Balance Sheet Risk Management and Enterprise Stress Testing Categories in Chartis RiskTech100®
December 12, 2019

Moody’s Analytics, a global provider of financial intelligence, has won the Balance Sheet Risk Management and Enterprise Stress Testing categories in the Chartis RiskTech100® 2020. These are two of the seven categories we won, including the Banking Industry category, to go along with a #4 overall ranking. It’s the second year we’ve won the Balance Sheet Risk Management category, on the strength of the RiskConfidence™ balance sheet management platform. Banks around the world use this integrated platform to manage their enterprise-level ALM and liquidity risk and for a host of regulatory and business needs. Anchored in our industry-leading modeling expertise, Moody’s Analytics stress testing solutions help banks meet their stress testing challenges while extracting business......

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Best Practices, Innovation and Leadership Recognized at Frost & Sullivan’s 2019 Middle East Best Practices Awards Banquet
December 12, 2019

Frost & Sullivan concluded its fifth edition of 2019 Middle East Best Practices Awards Banquet, on 11th December at Atlantis - The Palm in Dubai. The Awards programme served as a platform to recognise companies driven by visionary growth, innovation, and leadership that will catalyse and transform industries in the near future.

Frost &"...

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Beyontec Strengthens its African Foot Print with Zamara
December 12, 2019

Beyontec, a leading global insurance technology solution provider announced the successful implementation of its core solution, the Beyontec Suite at Zamara.

Headquartered in Nairobi, Zamara is the largest pension fund administrator in Kenya controlling one third of the Kenyan pension fund market. The company provides financial and insurance solutions that inevitably result in financial"...

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Solasia Announces License and Capital Alliance for SP-04 (PledOx®) with Maruho
December 12, 2019

Solasia Pharma K.K. (TSE: 4597, Headquarters: Tokyo, Japan, President & CEO: Yoshihiro Arai, hereinafter “Solasia”) announced today that it has entered into an exclusive license agreement with Maruho Co., Ltd. (Headquarters: Osaka, Japan, President & CEO: Koichi Takagi, hereinafter “Maruho”) for commercialization of Solasia’s product SP-04 (PledOx®, hereinafter “product”), a therapeutic agent for chemotherapy"...

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Moody’s Analytics Wins Model Validation Category in Chartis RiskTech100®
December 12, 2019

Moody’s Analytics has won the Model Validation category in the Chartis RiskTech100® for the second straight year. It’s one of our seven category wins this year to go with a #4 overall ranking. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191119005036/en/ In an increasingly challenging financial environment, there is an ever-greater need for validating and monitoring credit risk models. Our market-leading model validation solutions cover retail as well as commercial asset classes, for both internally developed and third-party models. Among our offerings is the cloud-based CAP™ solution. Powered by industry-leading Moody’s Analytics data and our wealth of risk modeling experience, the CAP solution lets firms tailor their models—both internal and third-party—to their own unique experience. Moody’s Analytics advisory services complement the CAP™ platform......

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