CHARLOTTE, N.C. - Monday, April 22nd 2013 [ME NewsWire]

Business Momentum Continues

    Deposit Balances up 5 Percent From Q1-12 to $1.1 Trillion
    First-lien Mortgage Production up 57 Percent From Q1-12 to $24 Billion
    Global Wealth and Investment Management Reports Record Post-merger Revenue, Net Income and Long-term Assets Under Management Flows
    Consumer Credit Loss Rates Reaching Five-year Lows
    Commercial Loan Balances up 17 Percent From Q1-12 to $367 Billion
    Maintains No. 2 Ranking in Global Investment Bank Fees; up 26 Percent From Q1-12 to $1.5 Billion
    Noninterest Expense Down Nearly $1.0 Billion From Q1-12, Driven Primarily by Project New BAC Initiatives
    Significant Progress in Legacy Assets and Servicing; Number of 60+ Days Delinquent Mortgage Loans Down 39 Percent From Q1-12 to 667,000 Loans

C ... Read more »

JEDDAH - Saudi Arabia - Monday, April 22nd 2013 [ME NewsWire]

High net worth individuals (HNWI’s) living in the GCC who can’t do without a supercar or two when they descend on the French Riviera, will now have seamless access to the familiar and customized support services of Al Ghassan Motors, the leading premium car dealer in the Gulf, for the first time in Europe.

In addition, local European premium car owners will have the opportunity to experience the unique approach that Al Ghassan Motors is known to offer its clientele where the priority is service delivery.

In a strategic move to develop a presence on the continent to benefit the local market as well as its existing client base of HNWI’s in the GCC, the company will open its first European showroom in Cannes, France before the 2013 summer season.

As an officially appointed dealer for Lamborghini, Bentley and Aston Martin, Al Ghassan Motors (France) will offer the traditional services expected from a ... Read more »

COLOMBES - Lundi 22 Avril 2013 [ME NewsWire]

(BUSINESS WIRE/ME NewsWire)--Le Conseil d’administration d’Oberthur Technologies, l’un des leaders mondiaux en matière de technologies de sécurité, annonce aujourd’hui la nomination de Didier Lamouche comme Directeur Général de la société.

« Au nom du Conseil d’Administration, je tiens à remercier chaleureusement Xavier Drilhon pour sa forte contribution au développement d’Oberthur Technologies au cours des 19 années qu’il a passées au sein du Groupe. Xavier laisse une entreprise dans une dynamique positive. »

Didier Lamouche est un dirigeant reconnu dans l’industrie, fort de 25 années d’expérience acquises à travers de multiples industries de technologies telles que les semi-conducteurs, les technologies de l'information et la téléphonie cellulaire.

Didier Lamouche remplace Xavier Drilhon, dirigeant historique chez Oberthur ... Read more »

COLOMBES, France - Monday, April 22nd 2013 [ME NewsWire]

(BUSINESS WIRE/ME NewsWire)-- The Board of Directors of Oberthur Technologies, a world leader in the field of secure technologies, announced today the appointment of Didier Lamouche as Chief Executive Officer of the Company.

Didier Lamouche is a well-known CEO in the industry, bringing to the role more than 25 years' experience gained across multiple industries like Semiconductor, Information Technology and Wireless communications.

Didier Lamouche replaces Xavier Drilhon – a veteran from Oberthur Technologies - who has led the strategy of the Group since the acquisition of the Company by Advent International in 2011.

Xavier Drilhon has successfully contributed to the transition to a new shareholding structure, and positioned the Company on market segments exhibiting a significant development potential.

"On behalf of the Board of Directors, I want to warmly thank Xavier Drilhon for his great cont ... Read more »

Diverse Topics Include Piracy and Security, ‘Zero Emissions’ Strategies, Emergence of LNG in Maritime Industry, Best Practices in Port Finance and Much More.

LOS ANGELES - Monday, April 22nd 2013 [ME NewsWire]

(BUSINESS WIRE)-- The International Association of Ports and Harbors has released the Conference Agenda for its upcoming 28th World Ports Conference to be held May 6-10th at LA Live in downtown Los Angeles. The bi-annual conference of global port authorities will address an array of economic, security, logistics and environmental aspects of port operations worldwide.

"The agenda for the 28th World Ports Conference very much reflects the variety of interests, trends and activities engaged in by port authorities around the world,” said Arley Baker conference vice president and Port of Los Angeles senior communications director. "The event provides a great opportunity for ports and port service providers to receive the latest information and insights about the ... Read more »

The platform embraces best practices, meets transparency requirements and provides sound control over investment policy, regulatory compliance, fund operations, risk management and governance.

ME Newswire / Business Wire

GENEVA - Monday, April 22nd 2013

Following the acquisition and integration of Nexar, Union Bancaire Privée, UBP SA has launched an alternatives division that offers clients broad alternative investment expertise, as well as innovative solutions. As part of this strategy, it has selected Guggenheim Fund Solutions (GFS) as its partner to provide clients with a state-of-the-art platform that combines carefully sourced, dynamic, high-potential hedge fund managers with a next-generation solution that delivers the transparency, governance, and structural risk mitigation required by investors.

Within this framework, UBP utilizes its extensive hedge fund investing experience to identify, select and monitor performing managers that operate o ... Read more »

DALLAS - Lundi 22 Avril 2013 [ME NewsWire]

SubOptic 2013

(BUSINESS WIRE)--Xtera Communications, Inc. (« Xtera »), important prestataire international de solutions destinées aux réseaux optiques, a annoncé aujourd'hui la disponibilité d'un nouveau répéteur optique pour les systèmes de câbles sous-marins. Grâce à ce dispositif qui élargit son portefeuille bien établi de solutions pour systèmes de câbles sous-marins, Xtera est en mesure d'offrir une gamme d'éléments prêts à l'emploi qui permettront aux fournisseurs de services de déployer des systèmes hautement fiables et performants de câbles sous-marins à l'envergure et aux capacités nettement améliorées.

« Avec ce produit modulaire, Xtera peut optimiser la conception des systèmes de câbles sous-marins et mieux répondre à la demande d'une plus grande capacité par fibre optique grâce à une bande passante pl ... Read more »

DALLAS - Monday, April 22nd 2013 [ME NewsWire]

SubOptic 2013

(BUSINESS WIRE)-- Xtera Communications, Inc. ("Xtera”), a leading global provider of optical networking solutions, today announced the launch of a next-generation optical repeater for subsea cable systems. This enhances Xtera’s well-established portfolio of solutions for subsea cable systems, putting Xtera in a position to offer a range of elements on a full turnkey basis that will allow service providers to build high performance and highly reliable submarine cable systems with significantly improved reach and capacity.

A modular optical design allows the amplifiers to be tailored to different system requirements, with variants covering both short regional systems and very long transoceanic systems; another variant offers an optical bandwidth extending well beyond the normal EDFA C-band. Powering is also improved, with high efficiency drivers allowing the line current to be tuned to close to the optimum, ... Read more »

Award-Winning Company Recognized for Life Sciences Focus, Innovative Solution Set, Rich Flexibility, and Real-Time Engagement Capabilities

PARIS - Monday, April 22nd 2013 [ME NewsWire]

(BUSINESS WIRE)-- Cegedim Relationship Management today announced that it is the recipient of Frost & Sullivan’s esteemed 2013 Customer Value Enhancement Award in Mobile Sales Force Automation (SFA). The award is presented each year to the company that has demonstrated excellence in implementing value-generating strategies, and in achieving ROI improvements for customers through its best-in-class offerings.

Vertical Focus, Innovation and Customer Engagement Features Distinguish Cegedim as Added-Value Market Leader

Annually, Frost & Sullivan performs an in-depth competitive analysis of mobile SFA solution providers. Analysts chose Cegedim Relationship Management for delivering the greatest value enhancement to its customers based on:

    Life Scien ... Read more »

LONDON - Monday, April 22nd 2013 [ME NewsWire]

(BUSINESS WIRE)-- Many insurers in Saudi Arabia are reporting deteriorating underwriting results at a time when the market’s growth is slowing, according to a new report from A.M. Best Co. Analysis shows that in recent years the market’s combined ratio has been increasing, while real premium growth has decelerated, leaving insurers to compete mainly on price.

The report, titled "Insurers’ Profitability Under Pressure as Saudi Arabia’s Growth Slows,” states that Saudi Arabia has the second largest insurance market within the Gulf Cooperation Council (GCC), with total premium reaching SAR 20.3 billion (USD 5.4 billion) in 2012. Mahesh Mistry, director, analytics, said: "With the largest population in the region at 28.2 million inhabitants, the market is considered to have great growth potential with total insurance penetration – premium as a percentage of gross domestic product – relatively low at 0.8% in 2011.”

However, ... Read more »

Abu Dhabi, Émirats Arabes - Lundi 22 Avril 2013 [ME NewsWire]

 Masdar, la compagnie de l’énergie renouvelable d’Abu Dhabi, a inauguré aujourd’hui à la république islamique de la Mauritanie une centrale solaire photovoltaïque à l’échelle commerciale d’une capacité de 15 mégawatt  et qui a couté 31.99 millions de dollars américains. La centrale solaire « Sheikh Zayed » se trouve à  à la capitale Nouakchott et elle est considéré comme étant la centrale solaire photovoltaïque la plus grande de l’Afrique. Cette nouvelle installation fournit 10% de la capacité énergétique de la Mauritanie et remplace des émissions de dioxyde de carbone de l’ordre de 21,225 tonnes annuellement.

Le réseau électrique de la Mauritanie alimenté en grande partie par des générateurs diesel coûteux, dispose actuellement  d’une capacit&eac ... Read more »