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NEW YORK -Wednesday, December 20th 2017 [ AETOS Wire ]

(BUSINESS WIRE)-- Starr Companies today announced the appointment of Ambassador Jose L. Cuisia, Jr. as chairman of Starr International Insurance Philippines Branch, a branch of Starr International Insurance (Asia) Limited, a company established and licensed to write general insurance in Hong Kong. Ambassador Cuisia will be working with local management for the strategic development and growth of the branch and other Starr entities for rapid growth in the region.

“Joey has had a long and distinguished career in both business and public service, including building Philam Life into the largest and most successful life insurer in the Philippines and serving as Ambassador to the country. We have been great friends and colleagues for a very long time and it is wonderful to work with him again at Starr.” stated Maurice R. Greenberg, chairman, Starr Companies.

As Ambassador of the Republic of the Phil ... Read more »

Dubai, United Arab Emirates -Tuesday, December 19th 2017 [ AETOS Wire ]

Dubai Aerospace Enterprise (DAE) Ltd. has announced that its leasing division, DAE Capital and Yunnan Hongtu Airlines (“Hongtu”) of China have today completed a lease agreement for two new Airbus A320-200 aircraft. These modern, fuel efficient planes will be delivered in 2018 and are part of a direct order DAE has with Airbus. The aircraft will come equipped with CFM 56-5B4/3 PIP engines.

This latest addition to the Hongtu A320 family fleet will assist the carrier as it looks to capitalize on China’s increasing domestic demand for leisure and business air travel, offering a high-end, customized service to its passengers. Hongtu currently has a fleet of three Airbus A320 family aircraft and operates flights to 10 domestic destinations.

Commenting on the deal, DAE Chief Executive Officer, Firoz Tarapore said: “DAE is pleased to welcome on board one of China’s y ... Read more »

NEW YORK-Wednesday, December 20th 2017 [ AETOS Wire ]

(BUSINESS WIRE)-- Starr Companies today announced the appointment of Steve Blakey as president and chief executive officer of Starr Insurance Holdings.

“We are pleased to introduce Steve as our new Company President. With over 35 years of experience, including establishing Starr’s presence in the United Kingdom and throughout Europe as well as making Starr one of the leading providers of aviation and aerospace insurance in the world, Steve is uniquely qualified to lead the company going forward,” stated Maurice R. Greenberg, chairman, Starr Companies.

Steve Blakely replaces Chuck Dangelo, who has announced his retirement. “After 46 years in the insurance industry, we would like to thank Chuck for his contributions to our company and industry. He has been instrumental in leading Starr’s growth and we wish him well in his retirement.”

About Starr Companies

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Actions across three divisions to shift the center of gravity towards strengthened competitiveness, higher growth segments and lower risk in line with Next Level strategy

ZURICH-Wednesday, December 20th 2017 [ AETOS Wire ]

    Power Grids: joint venture agreement for electrical substations infrastructure project business with SNC-Lavalin signed, closing expected 2018
    Industrial Automation: oil & gas EPC activities to be moved into joint venture together with Arkad; closing of transaction now expected by December 31, 2017
    Robotics and Motion: turnkey full train retrofit business to be wound down
    Fourth quarter 2017 results expected to be impacted by approximately $150 million of operational EBITA and additionally $75 million of non-operational pre-tax charges on net income
    Management and ongoing project continuity assured in all cases ... Read more »

–For improved agility in implementing control system projects–

TOKYO-Tuesday, December 19th 2017 [ AETOS Wire ]

(BUSINESS WIRE)-- Yokogawa Electric Corporation (TOKYO:6841) announces that it has developed an N-IO standard field enclosure and a control system virtualization platform. The enclosure is a weatherproof remote IO cabinet that stores IO devices used by the CENTUM(R) VP integrated production control system and the ProSafe(R)-RS safety instrumented system, and the virtualization platform enables the control of multiple virtual devices on a single server. By reducing the amount of time and effort to engineer a new system, these solutions help to both speed up project execution and reduce total cost of ownership (TCO). The N-IO standard field enclosure is scheduled to be released in February 2018, and the virtualization platform will be released in May 2018.

Development Background
As global competition intensifies and the market enviro ... Read more »

ISTANBUL-Tuesday, December 19th 2017 [ AETOS Wire ]

(BUSINESS WIRE)-- The 8th annual Self-Organising Networks (SON) World was held in London on 16-18 October 2017. The event is the foremost gathering for the network optimization industry and mobile operators. In recognition of the successful automated network optimization project, Turkcell and P.I. Works received the “Leading Contribution to SON” award.

Turkcell deployed P.I. Works uSON, the award winning centralized SON platform, to automate the most critical network management activities with significant impact on service quality. 23 SON modules have been activated nation-wide in a very short time-frame. P.I. Works solution uses adaptive algorithms and correlates network and customer experience management data to provide the best set of improvement actions.

Turkcell Executive Vice President, Network Technologies Gediz Sezgin said “This award is a proof of the successful work carried out by ... Read more »

Jeddah, Saudi Arabia-Tuesday, December 19th 2017 [ AETOS Wire ]

Saja Hotels & Resorts, the leading Saudi hotel and condominium management and operation company, has recently announced the opening of the new Saja AlMadinah Hotel in Madinah, Saudi Arabia. The new hotel is designed to provide pilgrims and visitors to Madinah with the best convenient accommodation in the holy city of Madinah.

The four-star hotel is strategically located in the Northern side of the central area, just steps away from the Prophet's (PBUH) Mosque in Madinah.

Commenting on the opening, Mr. Mohannad Bin Nabeel Khogeer, Chief Executive Officer of Saja Company noted, “Due to our extensive experience in the Saudi hospitality market, we are conveniently capable to cater to the needs of pilgrims who visit the holy city of Madinah during the Hajj and Umrah seasons. Saja AlMadinah Hotel provides high-quality hospitality services and comfort, its premium location and affordable a ... Read more »

Leading broadcaster in the Baltics distributes TV package to Latvia, Lithuania and Estonia via satellite at Astra 5 degrees East

LUXEMBOURG-Tuesday, December 19th 2017 [ AETOS Wire ]

(BUSINESS WIRE)-- All Media Baltics’ Pay TV subscribers will be able to enjoy the broadcaster’s channel package in HD quality, including its original premium TV channels, at 5 degrees East, following a multi-year capacity agreement announced by SES.

Under the agreement, All Media Baltics will use several transponders of satellite capacity on ASTRA 4A to distribute its five original channels and its pay TV channel package to the Baltics, which includes movies, entertainment, and sports.

All Media Baltics was created in October 2017 after Providence Equity Partners acquired all of the media and Pay TV companies of Modern Times Group in the Baltics, which was already relying on SES for delivery of its TV package at 5 degrees East. With this agreeme ... Read more »

SAN FRANCISCO-Tuesday, December 19th 2017 [ AETOS Wire ]

(BUSINESS WIRE)-- Andersen Global is proud to announce an expanded presence in the Middle East by way of a Collaboration Agreement with Alem & Associates, the leading law firm in Lebanon. Alem & Associates is headquartered in Beirut, but also has offices in Saudi Arabia and the United Arab Emirates. The firm has over 40 personnel in Beirut, and about 10 in both Riyadh and Dubai.

Alem & Associates was founded in 1953 and is led by Senior Partner, Mohamed Y. Alem. The firm advises clients throughout the world but with a focus on the Middle East. Alem & Associates’ legal practice areas include corporate law, tax, mergers & acquisitions, real estate and construction, capital markets, employment and social security, banking & finance, energy and environment, aviation, intellectual property, franchising, technology, media and entertainment, white collar defense and government investigati ... Read more »