LUXEMBOURG - Tuesday, July 19th 2016 [ME NewsWire] (BUSINESS WIRE)-- The Luxembourg Government launched jointly with a group of private investors a seed fund to support the financing and the development of start-ups up to seven years of age which are operating within the national digital economy field. This move is a further step in increasing Luxembourg’s visibility as a hub for launching new innovative activities in one of the key sectors in the country’s economy. The Digital Tech Fund was set-up on the initiative of the Ministry of the Economy as part of the national “Digital Lëtzebuerg” initiative. The main but not exclusive aim of the fund will be to make venture capital investments in companies with projects which have reached the proof of concept stage in fields such as cybersecurity, fintech, big data, digital health, telecommunications and satellite services, or the “Internet of things”. To facilitate the transfer of new technologies resulting from public-funded research, p ... Read more »

Further Dialogue Between Government and Mobile Industry Needed Ahead of 4G Licensing LONDON - Tuesday, July 19th 2016 [ME NewsWire] (BUSINESS WIRE)-- The GSMA calls for the Egyptian authorities and the country’s mobile industry to work closely together to set a roadmap for the successful introduction of 4G services. Egypt is planning to move forward on licensing spectrum to support 4G in the coming weeks, although it is not yet clear if sufficient spectrum will be made available on terms that will encourage rapid and large-scale investments in 4G networks and services. “There are some critical success factors that should to be clarified before moving forward with 4G licensing in Egypt,” said John Giusti, GSMA Chief Regulatory Officer. “The GSMA is concerned about sufficient spectrum being made available at fair, market-reflective prices to support full-fledged 4G rollout. A clear spectrum roadmap is necessary to allow operators to understand how and when sufficient spectrum will b ... Read more »

RESTON, Va. - Tuesday, July 19th 2016 [ME NewsWire] (BUSINESS WIRE)-- SES Government Solutions (SES GS) has been awarded the Thule Tracking Station Digital Signal 3 (DS3) Service Contract to continue to provide the U.S. Government with critical communications capabilities. The service supports a global network that enables national-level missile warning, space surveillance, space control, and satellite command and control. The service consists of a one-year base period, with four one-year option periods for a total contract value of over USD 10 million. The solution connects key sensors to operations centers for missile defense missions and serves Air Force Space Command (AFSPC), United States Strategic Command (USSTRATCOM), and the North American Aerospace Defense Command (NORAD). SES GS has been the sole provider of commercial satellite communications to Thule Air Base for over thirty years. “This program continues to serve as a great example of the importance of our capability to ... Read more »

NEW YORK - Mardi 19 Juillet 2016 [ME NewsWire] (BUSINESS WIRE)--Moody’s Corporation (NYSE:MCO) a annoncé aujourd'hui avoir acquis la pleine propriété de Korea Investors Service (KIS), leader dans les notations de crédit en Corée. Fondée en 1985, la société KIS opère sur les marchés intérieurs de capitaux en proposant des notations de crédit, de la recherche ainsi que d'autres services. KIS est une filiale détenue majoritairement par Moody’s Investors Service depuis 2001. « Moody’s et KIS ont connu un partenariat productif de longue date, et cette acquisition consolide encore notre présence sur cet important marché », a déclaré Robert Fauber, président de Moody’s Investors Service. KIS Ratings continuera de fonctionner en tant que filiale indépendante de Moody’s Investors Service. M. Jae-Hong Lee, PDG de KIS, continuera de diriger l'entreprise. « Au cours des quinze dernières années, KIS a bénéficié de l'expertise et de la perspective mondiale de son affiliation à Moody’s », a indi ... Read more »

NEW YORK - Tuesday, July 19th 2016 [ME NewsWire] (BUSINESS WIRE)-- Moody’s Corporation (NYSE:MCO) announced today that it has acquired full ownership of Korea Investors Service (KIS), a leading provider of domestic credit ratings in Korea. Founded in 1985, KIS serves the domestic capital markets in Korea with credit ratings, research and other services. KIS has been a majority-owned affiliate of Moody’s Investors Service since 2001. “Moody’s and KIS have had a long-standing and productive partnership, and this deal further solidifies our presence in this important market,” said Robert Fauber, President of Moody’s Investors Service. KIS Ratings will continue to operate as an independent affiliate of Moody’s Investors Service. Mr. Jae-Hong Lee, Chief Executive Officer of KIS, will continue to lead the company. “Over the past 15 years, KIS has benefited from the expertise and global perspective provided by our affiliation with Moody’s,” said Mr. Lee. “I look forward to further buildi ... Read more »

CHARLOTTE, N.C. - Tuesday, July 19th 2016 [ME NewsWire] (BUSINESS WIRE)-- Bank of America today reported its second-quarter 2016 financial results. The news release, supplemental filing and investor presentation can be accessed in the following ways: Bank of America newsroom at http://newsroom.bankofamerica.com. Bank of America Investor Relations website at http://investor.bankofamerica.com. Business Wire’s news web page at http://www.businesswire.com/portal/site/home/news. The company will review these results with investors today at 8:30 a.m. ET. For a listen-only connection to the conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), and the conference ID is 79795. Please dial in 10 minutes prior to the start of the call. A replay will also be available beginning at noon ET on July 18 through 11:59 p.m. ET on July 25 by telephone at 1.800.934.4850 (U.S.) or 1.402.220.1178 (international). Bank of America Bank of America is one of the world's leading ... Read more »

LONDON - Monday, July 18th 2016 [ME NewsWire] (BUSINESS WIRE)-- Insurance and reinsurance rating agency A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) “A-” of International General Insurance Company Limited (IGI) (Bermuda) and International General Insurance Company (UK) Limited (IGI UK) (United Kingdom). The news follows rating agency Standard & Poor’s also reaffirming its “A-” insurer financial strength rating and counterparty credit ratings on IGI’s Bermuda and UK operations earlier this month. A.M. Best said the ratings of IGI “reflect its solid risk-adjusted capitalisation, consistently good technical performance and diversified business profile”. “We are delighted with the rating affirmation,” said Wasef Jabsheh, CEO of IGI. “A.M. Best pointed to our prudent risk selection and focus on profitability over top-line growth. We are writing high quality business and the rating recognises the strength of our philosophy and ... Read more »

COLOMBES, France - Monday, July 18th 2016 [ME NewsWire] (BUSINESS WIRE)-- OT (Oberthur Technologies), a leading global provider of embedded security software products and services, announces a key partnership with Swatch, the renowned Swiss watchmaker and one of the world’s most popular brands, to provide contactless payment to customers in Brazil. They will be able to pay with speed, security and convenience, just waving their stylish Swatch Bellamy watch close to contactless terminals enabled for NFC (near field communication) technology. OT will provide its FlyBuySE (secure element) - NFC chip embedded in the watch - and the personalization of the product credit card data. OT's FlyBuySE is fully integrated within Swatch Bellamy watches and provides a high level of security while enabling contactless payments and transactions. After buying the Bellamy Swatch, the owner automatically gets an account and an associated debit card with Brazil Pré Pagos. To activate it, owners just nee ... Read more »