TORTOLA, British Virgin Islands - Tuesday, July 2nd 2013 [ME NewsWire]

(BUSINESS WIRE)-- Luxoft Holding, Inc announced today the closing of its initial public offering of 4,705,880 Class A ordinary shares at $17.00 per Class A ordinary share, which includes the exercise in full by the underwriters of their option to purchase up to 613,810 additional Class A ordinary shares. 2,046,035 of the Class A ordinary shares were offered by Luxoft, and another 2,659,845 Class A ordinary shares, which includes the over-allotment, were offered by its parent, IBS Group Holding Limited. Luxoft’s ordinary shares are listed on the New York Stock Exchange under the trading symbol "LXFT”.

UBS Limited, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, VTB Capital plc and Cowen and Company, LLC are the joint bookrunning managers for the offering. A copy of the final prospectus related to the offering may be obtained when available from UBS Securities LLC, by telephone at 1-888-8 ... Read more »

BHOPAL, India & MUMBAI, India - Tuesday, July 2nd 2013 [ME NewsWire]

    The facility for large rotating equipment and variable frequency AC drives
    Global Design Center for energy-efficient motor solutions

(BUSINESS WIRE)-- Avantha Group Company CG’s motor facility in Bhopal was inaugurated today in the presence of Avantha Group Founder & Chairman Mr Gautam Thapar. This plant will meet the growing global demand for drives and motors. The equipment is primarily targeted at the oil and gas, cement, mining and metals, water treatment, electrical transportation, and power generation sectors.

This world-class facility will design and deliver customized and energy-efficient rotating machines with advanced manufacturing technology as well as electronic drives with the latest hardware and software components. The products will meet international standards and statutory certifications. The facility deploys the latest manufacturin ... Read more »

ABU DHABI, United Arab Emirates - Tuesday, July 2nd 2013 [ME NewsWire]

In a meeting held on Tuesday, the Al Faraj Relief Fund’ Board of Directors decided to launch a special Ramadan campaign to support its programs to provide aid and assistance to target groups. The meeting, which was held at the Abu Dhabi Police GHQ conference room, was chaired by Major General Nasser Lakhrebani Al Nuaimi, Secretary General of the Office of Deputy Prime Minister and Minister of Interior, Chairman of the Al Faraj Fund Board of Directors.

The campaign includes a number of media programs highlighting the Fund’s role and objectives through Abu Dhabi TV, the Emirates and Sama Dubai channels; the Holy Quran Radio, Emarat FM; Channel 4 FM, Ajman; as well as local newspapers.

The Board also decided to intensify case studies related to families of inmates at the Punitive Reformatory Establishments; in order to provide them with help and assistance.

Moreover, the Board of Directors r ... Read more »

ABU DHABI, United Arab Emirates - Tuesday, July 2nd 2013 [ME NewsWire]

In a meeting recently held at the General Directorate of Residence and Foreigners Affairs in Abu Dhabi, Colonel Salem Ali Al Qattam Al Zaabi, Abu Dhabi Residency and Foreigners Affairs Director General discussed with a delegation from Masdar city for renewable energy, ways to enhance cooperation in areas of mutual interest between the two parties.

The Masdar City delegation was headed by Mr. Ahmed Mohammed Baghoum, Director of the Free Zone Authority at Masdar City.

The visit is in keeping with the strategic goals of the Ministry and the Naturalization, Residency and Ports sector. It aims to develop work with partners and to bolster internal and external partnerships to achieve public interest.

 Colonel Al Zaabi welcomed the delegation members and gave them an overview of the ways to achieve the coveted strategic objectives designed to enable seamless action to support business devel ... Read more »

Dubai Police lauds the achievement

Abu Dhabi, United Arab Emirates - Tuesday, July 2nd 2013 [ME NewsWire]

The Quality Assurance Office, at the General Department of Community Service of Dubai Police, lauded the high level of partners’ satisfaction with Abu Dhabi Police, which amounted to 93%. In a visit to the Community Police Department of Abu Dhabi Police, Colonel Hamid Al Ansari, Director of the office stressed that this high-level of satisfaction represents a significant progress, and reaffirms the development of community work in the relationship between partners and the police.

Lt. Colonel Mubarak Bin Muhairom, Director of the Community Police Department at Abu Dhabi Police had met the Dubai Police delegation members and gave them an overview of the partnership management system at ADP, how it is applied to work with partners, and the method used to take advantage of governmental, local and private partnerships for the interest of the community.

During ... Read more »

ABU DHABI, United Arab Emirates - Tuesday, July 2nd 2013 [ME NewsWire]

An Abu Dhabi Police delegation explored ways to enhance cooperation in the areas of police and security work with Belarus Ministry of Interior. Discussions also touched on developing the existing memorandum of understanding between the two parties to a joint cooperation agreement, in the exchange of expertise and specialized training.

The Abu Dhabi Police delegation, headed by Head of the Ports and Airports Police Department, Colonel Khamis Musbah Al Marar, visited the Republic of Belarus at an official invitation extended by the Belarus Interior Minister. The visit aims to acquaint the ADP delegation with the best practices used to secure and protect airports and land border ports.

The delegation members met with Belarus Interior Minister, Igor Shunevich, who lauded the deep-rooted friendship relations between the United Arab Emirates and the Republic of Belarus. Moreover, he emphasized the fir ... Read more »

HIGH POINT, Caroline du Nord - Mardi 2 Juillet 2013 [ME NewsWire]

(BUSINESS WIRE)--TransTech Pharma Inc. a aujourd'hui annoncé avoir complété avec succès une réunion de fin de phase 2 avec l'Administration américaine chargée des aliments et des médicaments (U.S. Food and Drug Administration ; FDA) pour le TTP488. Le TTP488 est en cours de mise au point pour le traitement des stades léger à modéré de la maladie d'Alzheimer. La division des produits neurologiques de la FDA a considéré que les données de l'essai clinique de phase 2 terminé étaient suffisantes pour approuver le lancement d'un programme d'inscription en phase 3. La FDA est en accord avec la proposition de TransTech sur les grandes lignes en termes de taille et de conception des études cliniques de phase 3 prévues, les critères d' évaluation primaires, la base de données de totale s&eacu ... Read more »

LONDRES - Mardi 2 Juillet 2013 [ME NewsWire]

    Building a better working world (Bâtir un monde professionnel meilleur) devient une fin
    EY est la nouvelle marque mondiale
    Un nouveau logo dévoilé

(BUSINESS WIRE)--EY a annoncé aujourd'hui que Mark Weinberger était devenu le président et directeur général Monde. Le prestataire de services professionnels a également annoncé l'adoption de EY comme sa marque de commerce internationale, dévoilé un nouveau logo et adopté le slogan Building a better working world comme son objectif.

Le parcours professionnel et les compétences de Mark, 51 ans, tant au sein d'EY qu'à l'extérieur d'EY sont éminents. En effet, avant d'occuper le poste de responsable fiscal et de directeur général Monde et Amériques, Mark travaillait comme associé-conseil ... Read more »

DULUTH, Géorgie - Mardi 2 Juillet 2013 [ME NewsWire]

(BUSINESS WIRE)--AGCO, Your Agriculture Company (NYSE : AGCO), un fabricant et distributeur mondial de matériel agricole, a nommé aujourd'hui Eric Hansotia vice-président directeur en charge de l'activité mondiale des solutions de récolte et de technologie avancée. « Nous sommes très heureux d'annoncer qu'Eric Hansotia a rejoint notre équipe de direction», a déclaré Martin Richenhagen, président du conseil, président d'administration et chef de la direction d'AGCO. « Il va encadrer une équipe mondiale de professionnels axée sur le développement, la vente, la gestion de produits et le soutien du matériel de récolte mondial ainsi que l'agriculture de précision et la technologie de connectivité pour toutes les machines AGCO ».

M. Hansotia possède une expérience extensive dans l'industr ... Read more »

HIGH POINT, N.C. - Tuesday, July 2nd 2013 [ME NewsWire]

(BUSINESS WIRE)-- TransTech Pharma Inc. announced today that it has successfully completed an End of Phase 2 meeting for TTP488 with the U.S. Food and Drug Administration (FDA). TTP488 is under development for the treatment of mild to moderate Alzheimer’s disease. The FDA Division of Neurology Products agreed that the data from the completed Phase 2 clinical trial is sufficient to support the start of a Phase 3 registration program. The FDA concurred with TransTech’s proposal for the overall size and design of the planned Phase 3 clinical studies, the primary endpoints, the total safety database proposed for NDA filing, the clinical pharmacology program and the plan to apply for a Special Protocol Assessment ("SPA").

The Phase 3 clinical trial design for TTP488 will focus on patients with mild to moderate Alzheimer’s disease. TransTech Pharma anticipates filing an SPA request within the next few weeks.

"We are ... Read more »

Dubai, United Arab Emirates - Tuesday, July 2nd 2013 [ME NewsWire]

Accor, the world’s leading hotel operator, has launched a special promotion for its members to celebrate becoming a partner with the Etihad Guest loyalty program.

Etihad Guest members, who are also members of Le Club Accorhotels, Accor’s loyalty program, will earn triple Etihad Guest Miles while staying in one of Accor’s 1000 hotels located around the world.

The triple miles are an added benefit to travellers who will also earn Le Club Accorhotels points which can be converted to Etihad Guest miles by registering on accorhotels.com and selecting Etihad Guest as their earning preference. The offer will run until the 31 August 2013.

Commenting on the launch, Christophe Landais, Managing Director for Accor Middle East said, "Etihad Guest’s award-winning program mirrors the level of service we continually seek to offer guests of Accor hotels worldwide.

"We are delighted to be associated wi ... Read more »

LONDON - Tuesday, July 2nd 2013 [ME NewsWire]

    Building a better working world adopted as purpose
    EY adopted as global brand name
    New logo unveiled

(BUSINESS WIRE)-- EY announced today that Mark Weinberger has become Global Chairman and CEO. The professional services organization also announced the adoption of EY as its global brand name, unveiled a new logo and adopted Building a better working world as its purpose.

Mark, 51, has had a distinguished career with a track record of leadership both inside and outside of EY. Mark has previously served as the Global and Americas Head of Tax and on the Global and Americas Executive. He has been a senior advisory partner for many of EY’s largest clients and also served on the Global Markets Executive and Global Public Policy Committees. Mark was the Assistant Secretary of the US Treasury (Tax Policy) under President George W. Bush and he was appointed to the US ... Read more »

Dubai, United Arab Emirates - Tuesday, July 2nd 2013 [ME NewsWire]

Value Retail, the creator and operator of the Collection of Chic Outlet Shopping® Villages, the leading luxury outlet shopping destinations in Europe, has entered into a partnership with Global Hotel Alliance (GHA), to provide its Shopping Day Experience packages as part of GHA’s loyalty programme ‘GHA Discovery’ for 19 hotel brands worldwide.

GHA Discovery Black card members (with stays of more than 30 days at GHA hotels) can now redeem Shopping Day Experience packages at four of the nine Chic Outlet Shopping® Villages across Europe: Bicester Village near London; Kildare Village near Dublin; Ingolstadt Village near Munich; and Wertheim Village near Frankfurt as part of the GHA Discovery Programme.

The Chic Outlet Shopping® Villages are home to more than 900 boutiques of world-leading international fashion and lifestyle brands offering their previous seasons’ collections with savings of ... Read more »

DULUTH, Ga. - Tuesday, July 2nd 2013 [ME NewsWire]

(BUSINESS WIRE)-- AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, today named Eric Hansotia Senior Vice President, Global Harvesting and Advanced Technology Solutions. "We are very pleased to announce that Eric Hansotia has joined our executive team,” said Martin Richenhagen, Chairman, President and Chief Executive Officer of AGCO. "He will be responsible for a global team of professionals focused on the development, sales, product management and support for global harvesting equipment as well as for precision agriculture and connectivity technology for all AGCO machinery.”

Mr. Hansotia has extensive Agricultural Industry experience in engineering, quality, advanced technology, manufacturing, product management and global business leadership. In his 20-year tenure with John Deere, his most recent role was Senior Vice President, Global Harvesting, where he le ... Read more »

Dubai, United Arab Emirates - Tuesday, July 2nd 2013 [ME NewsWire]

 NEARBUY provides a new geo-specific advertising platform, which delivers targeted advertisement to customer directly on mobile phone while they are near the point of purchase.

NEARBUY is a free app compatible with iPhone, Blackberry and Android.

Once downloaded, NEARBUY users will have access to exclusive and selected offers on their mobile device. No spam and no need for paper vouchers anymore, the shopper will use the barcode generated directly from their device.

NEARBUY is unlike any other platform that currently exists in the market where the user is requested to open the App and search for deals and coupons. Taken into account the selection of favorite brands, NEARBUY informs spontaneously users of available offers when they are in a shopping mall or around participating outlets.

Aldo, Dune, Garage, Nine West, Charles & Keith, La Vie en Rose, Athlete’s Co, Inglot,  ... Read more »

Dubai, United Arab Emirates - Tuesday, July 2nd 2013 [ME NewsWire]

Ideal for Managed Service Providers, the MRM-100 Appliance Collects and Forwards SNMP, Log and Windows Events and Application Data for Complete ICT Infrastructure Monitoring - Securely and Cost Effectively

Managed FZ-LLC, a leader in innovative managed services and security solutions, today unveiled the new Managed Remote Monitor, MRM-100 remote monitoring and data collecting and forwarding appliance. The MRM-100 appliance is a small form factor appliance that is ideal for Managed Services Providers (MSP) that want to remotely monitor and manage their SMB and Enterprise clients’ multivendor and mixed Windows and Linux ICT infrastructure, without exposing them to potential vulnerabilities caused by remote log forwarding and opening too many ports on various networking elements.

"As an MSP, we remotely monitor our client’s Windows and Linux servers, desktops and LAN/WAN elements and to get data we hav ... Read more »

Sharjah, United Arab Emirates - Tuesday, July 2nd 2013 [ME NewsWire]

With the Syrian catastrophe plunging into an uncontrolled nose-dive, the UAE public converged on streets and social networks to mobilize awareness, funds and hope for refugees. An emotional street parade in Sharjah on World Refugee Day resonated across the Twitterverse, where in 48 hours the ‘Big Heart for Syrian Refugee Children’ campaign attracted 8,000 prospective humanitarians.

The crisis now holds the unwanted world record as the biggest humanitarian appeal in human history, with over 3.6 million Syrians needing $5 billion for life-saving and life-changing interventions.  

Spearheading the appeal is "The Big Heart”, Her Highness Sheikha Jawaher Bint Mohammed Al-Qasimi, UNHCR Eminent Advocate for Refugee Children. Her campaign uses a kaleidoscopic fusion of hard-hitting viral videos, social media and on-the-ground engagement to trigger global participation.  

In a tragic domin ... Read more »

Dubai, United Arab Emirates - Tuesday, July 2nd 2013 [ME NewsWire]

Exclusive distributor of Yokohama tires, Juma Al Majid Group, is launching its Tyre Clinic Campaign across its UAE retail network.

Yokohama tires are sought after by individuals who desire Safety, High-Performance and Endurance. The two-month campaign (29 June - 28 August) extends to all Saloon, Sedan & 4WD motorists during the Dubai Summer Surprises event and Ramadan. Visitors can avail a "Free Tire Check-Up” receiving advice on the tyre’s condition, maintenance, one-time nitrogen filling, one rotation and tyre balancing service up to 8,000 km free-of-charge. Customers will also become eligible for a 50% discount on one wheel alignment service up to 8,000 km.

"Customers who purchase four Yokohama tires can avail prizes including watches, home appliances, and more through a Scratch-and-Win coupon,” commented Mr Hassan El Haj, General Manager, Tyres and Batteries Division, Juma Al Majid Group.
... Read more »

Specialized Patrols to Reduce Youth Stunts

Abu Dhabi, United Arab Emirates - Monday, July 1st 2013 [ME NewsWire]

The Abu Dhabi Police Traffic and Patrols Directorate reinforced traffic control through specialized patrols, to curb dangerous reckless behavior by youth during summer vacation. This includes show-offs and stunts with vehicles and motorcycles, fitted with illegally modified power boosters which increase the speed and amplify the engine’s sound, in addition to other reckless behavior.  "This kind of behavior causes inconvenience and subjects the youth to serious traffic accidents if the driver loses control over his vehicle”, noted Brigadier Eng. Hussein Ahmed Al Harthi, Director of the Traffic and Patrols Directorate at Abu Dhabi Police.

Brigadier Al Harthi emphasized that a comprehensive plan for crowd management and stunts control has been developed in Abu Dhabi, Al Ain and the Western Region, in line with the summer traffic safety plan to intens ... Read more »

Spin-off from Covidien plc creates new global specialty pharmaceuticals company

DUBLIN - Monday, July 1st 2013 [ME NewsWire]

(BUSINESS WIRE)-- Mallinckrodt plc (NYSE: MNK) begins "regular-way” trading today on the New York Stock Exchange as an independent, global specialty pharmaceuticals company under the symbol MNK. Mallinckrodt completed its previously announced separation from Covidien plc (NYSE: COV) in a spin-off to shareholders on Friday, June 28.

"Today marks a significant new chapter in Mallinckrodt’s proud history,” said Mark Trudeau, President and CEO of Mallinckrodt. "We are well positioned to leverage the skills and capabilities that have been developed over 145 years of pharmaceuticals industry experience. There are many benefits to our being independent that will accrue to Mallinckrodt’s shareholders, customers and employees going forward. We are excited about the growth opportunities that lie ahead.”

Covidien announced in December 2011 that ... Read more »

RESEARCH TRIANGLE PARK, N.C. - Monday, July 1st 2013 [ME NewsWire]

(BUSINESS WIRE)-- Quintiles Transnational Holdings Inc. (NYSE: Q) will release its financial results for the second quarter of 2013 on Thursday, August 1, 2013, before the market opens. An investor conference call will be held on Thursday, August 1, 2013 at 8:00 a.m. EDT.

To participate via telephone, please dial +1 (855) 484-7367 or +1 (631) 259-7541 outside the United States, approximately 15 minutes before the scheduled start of the call. The conference call will also be accessible, live via webcast, on the Investor Relations section of the Quintiles website at www.quintiles.com.

An archived edition of the conference call will be available online at www.quintiles.com after 1:00 p.m. EDT on Thursday, August 1.

About Quintiles

Quintiles (NYSE: Q) is the world’s largest provider of biopharmaceutical development and commercial outsourcing services with a network of more than 27,000 empl ... Read more »