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Dubai, United Arab Emirates - Wednesday, May 11th 2016 [ME NewsWire]

 World Free Zones Organization (World FZO) today launched the ‘Free Zone of the Future Program’ on day two of its 2nd Annual International Conference and Exhibition currently underway in Dubai.

The Free Zone of the Future Program is an international initiative revolving around three main pillars that will enable free zones around the world to contribute to a secure and sustainable future. The pillars constituting the program are: excellence and best practices, innovation and entrepreneurship, and sustainability. Each pillar contains components to help determine the tools and resources required for facilitating the program to achieve its long term objectives.

The conference drew government officials, policy makers, global economic experts and academics into a series of panels followed by a strategic workshop. The first panel of the day discussed Governance in Global Value Cha ... Read more »

 Major industry advancement in sustainability and closed-loop technology

SEATTLE - Wednesday, May 11th 2016 [ME NewsWire]

(BUSINESS WIRE)-- Textile technology startup Evrnu™, SPC and global jeanswear leader Levi Strauss & Co. (LS&Co.) today announced they have created the world’s first jean made from regenerated post-consumer cotton waste. Using a new, patent-pending recycling technology, discarded consumer waste is converted into renewable fiber. The first prototype, in the form of a pair of iconic Levi’s® 511® jeans, represents a future where textile waste is reduced considerably and cotton garments are continually regenerated to create a more sustainable world.

Each year in the U.S. alone, 13.1 million tons of textile waste is created and of this 11 million tons ends up in landfills. Until now, there hasn’t been a viable solution that effectively transforms old clothes into new without compromising quality or st ... Read more »

ABU DHABI, United Arab Emirates - Monday, May 9th 2016 [ME NewsWire]

The Capital Police Directorate’s Traffic Department has launched a new initiative under the theme ‘Read with us: Donate a Book’. The initiative falls in line with the National Strategy for Reading and allows staff members and partners to donate a useful book for the work team.

This annual initiative is supervised by the Strategic Planning Section at the General Directorate of Central Operations of Abu Dhabi Police.

Colonel Hamad bin Athath Al Ameri, Head of the Capital’s Traffic Department, noted that the work team will collect the donated books and will display them in the library at the General Directorate’s training halls. This approach aims to promote reading as an ‘Institutional Culture’ and an ‘Interactive Practice’ that would achieve the ambitions and strategic vision of the reading challenge. He said: “The initiative has a s ... Read more »

ABU DHABI, United Arab Emirates - Monday, May 9th 2016 [ME NewsWire]

Representing The Ministry of Interior, the Office of the Inspector General honored Hassan Ali Al Zaabi and Obeid Ibrahim Bou Malha, Founders of Medad Printing & Packaging. The celebration was held in appreciation of their efforts in promoting culture and community awareness.

Major General Ahmed Nasser Al Raisi, Inspector General of the Ministry of Interior, confirmed that the initiative falls within the Ministry’s interests, through the honoring of UAE organizations operating in the fields of culture and awareness promotion. It supports and encourages all activities that provide cultural awareness for future generations and enhance educational endeavors.

He praised the efforts of Medad, which is known for attracting Emirati authors and novelists, as well as publishing their innovations and ideas.

For more information about:

The Ministry of Interior, please click HER ... Read more »

LONDON - Wednesday, May 11th 2016 [ME NewsWire]

(BUSINESS WIRE)-- Sodali Inc. and Morrow & Co. LLC jointly announced today that Sodali has acquired Morrow & Co., creating Morrow Sodali Global, the largest independent corporate governance, proxy solicitation, investor relations, capital markets and shareholder services firm in the world. Sodali has been a global leader in such services within Europe, Latin America and other emerging markets, and Morrow & Co has been a trusted provider of these services to many of the largest publicly-traded corporations in the United States for more than 40 years.

Together, Morrow Sodali will serve more than 600 corporate clients in 30 countries, with aggregate market capitalization in excess of US$5 trillion. The combined company will advise boards of directors and executive management teams on issues related to corporate governance, annual and special shareholder meetings, shareholder activism, strategic communications, ... Read more »

NEW YORK - Thursday, May 12th 2016 [ME NewsWire]

(BUSINESS WIRE)-- StepStone Group LP (“StepStone”), a leading global private markets advisory and asset management firm, today announced that it has reached an agreement to add an established team of infrastructure investment specialists who have been advising leading global investment institutions for more than 10 years. The infrastructure and real assets team that established KPMG’s institutional investment advisory business in 2011 will be joining StepStone. This will increase StepStone’s infrastructure and real assets team to over 20 investment professionals globally, operating out of La Jolla, London, New York, Perth, Sydney, and Toronto.

In addition, James O’Leary, head of the KPMG team, will become the Head of StepStone Infrastructure & Real Assets. Prior to KPMG, Mr. O’Leary was Head of Colonial First State Global Asset Management’s real assets platform.

Mon ... Read more »

NEW YORK - Thursday, May 12th 2016 [ME NewsWire]

(BUSINESS WIRE)-- StepStone Group LP (“StepStone”), a leading global private markets advisory and asset management firm, today announced it will acquire Swiss Capital Alternative Investments AG (“Swiss Capital”), one of the leading private debt and hedge fund solutions providers in Europe. Completion of the consolidation will follow customary regulatory approvals and is expected to close before year end 2016. Terms were not disclosed.

Swiss Capital is an international alternative asset manager with more than US$5 billion of assets under management offering customized solutions across a variety of platforms to institutional investors, primarily in Switzerland, Germany and Austria.

As part of the acquisition, StepStone will launch StepStone Private Debt and StepStone Hedge Funds, which will combine StepStone’s global capabilities and significant institutional client network with Swis ... Read more »