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Dubai, United Arab Emirates -Monday, February 6th 2017 [ ME NewsWire ]

IMA® (Institute of Management Accountants), the association of accountants and financial professionals in business, has launched its newest membership offer for 2017 to counter the prevailing dip in confidence amid economic conditions in the Middle East.

Accounting and finance professionals planning to pursue the CMA® (Certified Management Accountant) certification may now register for the program and receive a one-year IMA membership free of charge.

“Challenging economic conditions often results in organizations and professionals ‘taking stock’ and reflecting on how to enhance their competencies for the long term. IMA, as the leading global organization focused on advancing competencies in management accounting, has an obligation to support society and the public interest in times like this,” states Hanady Khalife, Director of Operations, IMA Middle East/Af ... Read more »

Ras Al Khaimah, United Arab Emirates -Saturday, February 11th 2017 [ ME NewsWire ]

The American University of Ras Al Khaimah (AURAK) has signed a memorandum of understanding with Education For Employment (EFE), an international not-for-profit network that creates employment opportunities for youth across the Middle East and North Africa region.

The agreement seeks to provide jobseekers and university graduates in the UAE, regardless of nationality, with training opportunities as well as linkages to employers through developing relationships with local businesses and industries. Through this agreement, AURAK has become EFE’s first university partner in the UAE.

Speaking after the signing ceremony, Prof. Hassan Hamdan Al Alkim, president of AURAK, commented, “I have very high expectations for this new relationship. As one of the leading institutions of higher education in the country, we are confident that we are producing top-quality graduates. Now ... Read more »

OSAKA, Japan-Friday, February 10th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Panasonic Corporation today announced that it has developed a new technology, electrical control of the near infrared (NIR) light sensitivity of the same pixel in an organic CMOS image sensor. The sensitivity of all the pixels in the image sensor, which has directly stacked organic films, is simultaneously controlled by changing the applied voltage to the organic films.

This technology enables to switch between modes of color imaging*2 and NIR imaging frame by frame without a mechanical IR cut filter required for conventional image sensors. This contributes to miniaturizing a camera system and improving the robustness. This technology also enables global shutter operation*3 . Therefore, it can be suitable for applications in various fields of industry such as machine vision or intelligent transportation system, in which fast and accurate inspection or recognition are necessary. ... Read more »

 Partnered with Live Nation, Hilton Honors Launches Integrated Music Program, “Music Happens Here” and Presents a New Original Video Series Available on Spotify

MCLEAN, Va.-Friday, February 10th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Last night, during GRAMMY® Week, Hilton (NYSE: HLT) launched “Music Happens Here,” a first of its kind integrated music program that provides Hilton Honors members with unique concert experiences and unprecedented access to music and artist connections. The program builds on Hilton’s exclusive partnerships with Live Nation and with The Recording Academy® (the organization which bestows the GRAMMY®), and introduces a new music and travel content creation partnership with Spotify.

Hilton Honors has once again upped the ante to give members more of what they want most. Through its “Music Happens Here” program, Hilton will continue to provide Hilton Honors members with access ... Read more »

Dubai, United Arab Emirates-Friday, February 10th 2017 [ ME NewsWire ]

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inaugurated today the Museum of the Future installation at the 5th annual World Government Summit, taking place in Dubai on February 12-14, 2017.

The exhibit proposes three ideas for how countries can deal with the consequences of climate change. The UAE’s Ministry of Economy predicts the cost of importing food to quadruple to 60% of GDP by 2025 unless local, sustainable food sources are provided. According to the OECD, the global supply of potable water is projected to fall 40% short of global demand by 2030. Sea level rises could displace more than 250 million people by the end of the century, making most coastal cities uninhabitable.

The Museum of the Future exhibit is a unique 4D experience, proposing three bold concepts around food security, water supply and self- ... Read more »

HOUSTON-Friday, February 10th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT:ERN) (JSE:ERN) announced today that it, together with its subsidiary Erin Petroleum Nigeria Limited (EPNL), has entered into a three-year secured Pre-Export Finance Facility Agreement (Facility) with The Mauritius Commercial Bank Limited (the Lender). The Facility provides for a total commitment of USD $100 million and bears an interest rate of three-month LIBOR plus a 6% margin. The Facility will be repaid under a sculpted amortization schedule beginning on June 30, 2017 and ending on December 31, 2019.

Daniel Ogbonna, Senior Vice President and Chief Financial Officer commented: “I am pleased to announce the signing of this facility. This allows us to continue to invest in our offshore Nigeria assets, which we believe will create attractive returns for our shareholders.”

The Facility will be used to fund EPNL’s ... Read more »

INGELHEIM, Germany-Thursday, February 9th 2017 [ ME NewsWire ]

    Efficacy and safety of afatinib plus pembrolizumab to be assessed in Phase II trial in patients with locally advanced or metastatic squamous cell carcinoma (SqCC) of the lung
    Afatinib is approved in patients with advanced SqCC of the lung whose disease has progressed after treatment with platinum-based chemotherapy and in patients with specific types of EGFR mutation-positive non-small cell lung cancer (NSCLC)
    Boehringer Ingelheim continues to explore afatinib beyond the large LUX-Lung programme and its current indications

(BUSINESS WIRE)-- Boehringer Ingelheim today announced the initiation of a Phase II trial of afatinib* (Giotrif®) in combination with pembrolizumab (Keytruda®) for patients with locally advanced or metastatic squamous cell carcinoma (SqCC) of the lung.

Benjamin Levy, MD, Clinical Director, Sidney Kimmel ... Read more »

 —Revenue and profit rise excluding foreign exchange effects—

IWATA, Japan-Thursday, February 9th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Yamaha Motor Co., Ltd. (TOKYO:7272) (ISIN:JP3942800008) announced today that in its fiscal 2016 year, which finished on December 31, net income increased 5.2 percent to 63.2 billion yen thanks to business expansion in emerging markets and improved profitability in various business sectors. Net sales decreased 7.9 percent to 1,502.8 billion yen and ordinary income fell 18.5 percent to 102.1 billion yen.

In motorcycles, unit sales and operating income were strong in emerging markets such as India, Vietnam and the Philippines, thanks to increased sales of higher-priced products and cost reductions. Global net sales decreased due to foreign exchange effects. In developed markets, continued progress was achieved with initiatives to reduce inventories, improve financial positions and carry out structural re ... Read more »

YOKKAICHI, Japan-Thursday, February 9th 2017 [ ME NewsWire ]

(BUSINESS WIRE)-- Toshiba Corporation (TOKYO:6502) today announced that it has started construction of a new state-of-the-art semiconductor fabrication facility, Fab 6, and a new R&D center, the Memory R&D Center, at Yokkaichi Operations in Mie prefecture, Japan, the company’s main memory production base.

Fab 6 will be dedicated to production of BiCS FLASH™, Toshiba’s innovative 3D Flash memory1. Like Fab 5, construction will take place in two phases, allowing the pace of investment to be optimized against market trends, with completion of Phase 1 scheduled for summer 2018. Toshiba will determine installed capacity and output targets and schedules by closely monitoring the market.

Toshiba will also construct a Memory R&D Center adjacent to the new fab, with completion targeting December 2017. The facility will advance development of BiCS FLASH™ and new memories. ... Read more »