Individuals and Businesses in the UAE could lose millions if they remain vulnerable to cyber attacks, according to recent reports. Dubai, United Arab Emirates - Tuesday, November 8th 2016 [ME NewsWire] To educate and raise awareness on Cyber vulnerability, Millennium Insurance Brokers, one of the leading Insurance Advisory and Broking firms in association with Clyde & Co are organising a seminar on Cyber Risks and Security in Dubai on November 10, 2016 at Hotel Al Murooj Rotana Dubai. “The seminar aims to educate and advise corporates and individuals on various cyber risks and security issues and how one can mitigate them,” said Albert Rodrigues, Managing Director, Millennium Insurance Brokers. “It will also include a session on compliance and legal aspects under cyber law, governing Information Technology in the UAE”. Speaking further on theAnchor subject, Albert said that, “the potential losses could be in the form of losing data or getting data corrupted, expenses incurred in ... Read more »

Solution Challenges Legacy Market Data Distribution Models with Move to Public Cloud HONG KONG - Tuesday, November 8th 2016 [ME NewsWire] (BUSINESS WIRE)-- FinovateAsia 2016 -- Xignite, Inc., the leading provider of cloud-based financial data Application Programming Interfaces (APIs) announced today the ability to license the company’s Market Data Cloud platform. The Xignite Market Data Cloud is a cloud-based market data distribution solution that helps exchanges and financial data vendors distribute their data via massively scalable APIs from the Amazon Web Services (AWS) public cloud. The solution allows market data to remain stored in the cloud and be consumed only when, and, as needed. The Xignite solution enables exchanges, data vendors, index companies and other data originators in the $26 billion market data space to quickly upgrade or replace legacy distribution technology, while drastically reducing their infrastructure costs. Customers can deploy and independently operat ... Read more »

BOARD expands strategic corporate focus to United States with Boston HQs and four-fold US employee base expansion BOSTON, MA and CHIASSO, SWITZERLAND - Tuesday, November 8th 2016 [ME NewsWire] (BUSINESS WIRE)-- BOARD International, the world’s leading supplier of Decision Making software for enterprises, today announced co-located headquarters in Boston, MA and Chiasso, Switzerland to underscore its strategic focus on the US market for Business Intelligence, Analytics and Performance Management software. “The year 2016 has seen tremendous growth for BOARD both in Europe and the US, and our strategic plans call for elevating our US revenues to at least 50% of corporate revenues by 2019,” said BOARD CEO, Giovanni Grossi, at an inauguration ceremony in the Boston offices. “A Boston headquarters underscores our strategic commitment to that US growth with adequate space, staffing and funding to accommodate our rapid growth and expanded enterprise customer base.” In the past year, BOAR ... Read more »

TOKYO - Tuesday, November 8th 2016 [ME NewsWire] (BUSINESS WIRE)-- Toshiba (TOKYO:6502) has developed Bluetooth® low energy 1 System-on-Chip (SoC) compliance with version 4.2 that reduces current to 50% that of current products2 for IoT devices driven by a small-sized coin cell lithium battery. By adopting an architecture configuration and analog circuit design suited to low power operation, current consumption of 3.2mA for receive (RX) and 3.5mA for transmit (TX)3 are achieved, considerably lengthening battery life. The SoC also integrates RF (Radio Frequency)4 matching networks, reducing the number of external components and contributing to downsizing of IoT devices. This technology will be presented at the 2016 IEEE Asian Solid-State Circuits Conference (A-SSCC) in Toyama, Japan, on November 8. Recent rapid advances in IoT have realized wearable multi-functional IoT devices, such as smart watches and smart bands, that collect and manage a wide range of sensor information. Bluetoot ... Read more »

Dubai, United Arab Emirates - Tuesday, November 8th 2016 [ME NewsWire] IMA® (Institute of Management Accountants), the global association of accountants and financial accountants in business, is conducting a roadshow across the Middle Eastern countries to drive value in corporate organizations. Dennis Whitney, Senior Vice President, Certifications, Exams, and Content Integration for IMA, will be arriving from the Unites States to chair the event, speak about IMA’s globally recognized management accounting certification (CMA), and conduct sessions on managing innovation, risk, and adapting to new technology, amongst other trending topics in the finance industry. Whitney has held positions as CFO for a management consulting company and tax accountant for an insurance company before joining IMA in 1993. And to add to his expertise, Whitney has presented on a variety of topics, including computer-based testing, the business of certification, growing a credential overseas, closing the accou ... Read more »

Dubai, United Arab Emirates - Tuesday, November 8th 2016 [ME NewsWire] H.E. Troels Lund Poulsen, Danish Minister for Business and Growth lead representatives of 45 Danish companies in a two days visit to Dubai, UAE, during which several workshops and activities on relevant issues were organized. The Minister’s visit aimed to strengthen the commercial ties between Denmark and the UAE, and follow-up on the MOU signed in 2014 between the two sides on the exchange of knowledge in sustainability and energy efficiency fields. The visiting companies were divided into three groups: a group for aviation, a group for maritime, and a group for green technologies. The activities of the Green Tech group were organized by Act NOW by Grundfos, a partnership between private, public and non-governmental organizations with the goal to promote reducing energy consumption and CO2 emissions. Grundfos, the award-winning world leader in advanced pump solution, along with other 16 Danish companies were par ... Read more »

Doha, Qatar. - Tuesday, November 8th 2016 [ME NewsWire] Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, has been named 2017’s ‘Best Private Bank’ in Qatar, by the industry-leading ‘Global Finance’ magazine. This award is a testament to al khaliji’s commitment providing clients with innovative products, personalized services and exceptional banking experience in Qatar, UAE and France. Private Banking clients place tremendous confidence in the banks Financing Strength, Wealth Management Services and international presence. What makes the proposition particularly powerful is the focal point of the relationship is in Qatar and the Private Bankers coordinate local and international banking requirements on behalf of their clients. With the selection based on a comprehensive range of factors including entry submissions, market research, input from industry analysts and executives, and other users of private banking services, garnering the coveted title is a te ... Read more »

QESCO, the joint venture between EUROSTAR and Quantum, aims to help businesses in KSA to implement eco-sustainable and socially responsible practices by reducing energy consumption Dubai, United Arab Emirates - Tuesday, November 8th 2016 [ME NewsWire] With a steadily growing demand for energy consumption in the Kingdom, the country has been making a national effort to enhance efficiency and eco-sustainability. In line with this mission of the government, QESCO (Quantum Eurostar Energy Solutions Company), a one-stop-shop destination for energy efficient solutions, is eyeing KSA to introduce its leading Smart technologies. A joint venture company between the leading business conglomerate, EUROSTAR Group and Italian technology major Quantum, QESCO showcased its leading energy efficient solutions at the RetrofitTech KSA 2016, the region’s largest event for the retrofitting and refurbishment industry. QESCO is a leading Smart Solutions provider that aims to leverage on its in-depth ind ... Read more »

Une nouvelle solution en matière de « Know Your Customer » (KYC) est attendue prochainement en soutien de la distribution de fonds. Fundsquare en assume le rôle de maître d’œuvre. LUXEMBOURG - Jeudi 3 Novembre 2016 [ME NewsWire] (BUSINESS WIRE)--Le processus KYC, qui consiste à procéder à une vérification systématique de l’identité des investisseurs, constitue une obligation pour le secteur financier dont le coût estimé s’élève à 180 millions EUR par an rien que pour l’industrie des fonds d’investissement luxembourgeoise1. Cela étant, en opérant une mise en commun du processus, au lieu de le répéter client par client comme c’est actuellement le cas, ce coût serait susceptible d’être ramené à 20 millions EUR, soit une réduction de 70 %. Un groupe de travail, constitué de 22 des principaux gestionnaires d’actifs et fournisseurs de services financiers, est déjà en train de travailler sur une solution visant à optimiser les procédures de conformité aux obligations en matière de KYC pour ... Read more »

A new Know Your Customer (KYC) solution to support fund distribution is expected soon. Fundsquare leads the works. LUXEMBOURG - Thursday, November 3rd 2016 [ME NewsWire] (BUSINESS WIRE)-- KYC, a process of verifying the identity of investors, is mandatory in the financial sector and costs an estimated EUR 180 million annually only for the Luxembourg fund industry1. However, if the process was pooled, instead of the current client-by-client replication, the spending could be lowered by 70%, down to EUR 20 million. A working group comprising 22 of Europe’s leading asset managers and asset servicing providers is already working on a solution optimising how the KYC obligations in fund distribution could be addressed. Fundsquare, a market infrastructure dedicated to investment funds, initiated the industry dialogue. “We inquired different players in the sector – management companies and asset servicing providers – about their KYC needs. In the next step we listed the requirements of a s ... Read more »

TOKYO - Monday, November 7th 2016 [ME NewsWire] (BUSINESS WIRE)-- Toshiba Corporation (TOKYO:6502) continues to build on its commitment to promoting the Internet of Things and Big Data analysis with development of a Time Domain Neural Network1 (TDNN) that uses an extremely low power consumption neuromorphic semiconductor circuit to perform processing for Deep Learning. TDNN is composed of a massive number of tiny processing units that use Toshiba’s original analog technique, unlike conventional digital processors. TDNN was reported on November 8 at A-SSCC 2016 (Asian Solid-State Circuits Conference 2016), an IEEE-sponsored international conference on semiconductor circuit technology held in Japan. Deep learning requires massive numbers of calculations, typically executed on high performance processors that consume a lot of power. However, bringing the power of deep learning to IoT edge devices, such as sensors and smart phones requires highly energy efficient ICs that can perform the ... Read more »

COLOMBES, France - Wednesday, November 2nd 2016 [ME NewsWire] (BUSINESS WIRE)-- OT (Oberthur Technologies), a leading global provider of embedded security software products and services, today announced that Itelma, the biggest Tier 1 automotive equipment supplier in Russia, has selected OT to connect cars to ERA-GLONASS, the Russian emergency call system, and to VimpelCom, one the of the leading operators in Russia, for commercial services such as breakdown calls or stolen car recovery, remote control and diagnostics, fleet management, etc. Implemented in Russia since January 2015, the Russian ERA-GLONASS system is harmonized with the future European eCall system (112) and has similar functions to serve every road in the country. It was created to reduce the emergency services time-to-arrival by up to 30% on average, which is expected to save up to 4,000 lives per year. All new car models introduced to the Russian market since the beginning of 2015 must be equipped with on-board ERA ... Read more »

DURHAM, N.C. - Monday, November 7th 2016 [ME NewsWire] (BUSINESS WIRE)-- Bioventus, a global leader in orthobiologic solutions, today announced the appointment of Andrew McCartney as Managing Director, International for Europe, Middle East and Africa (EMEA). McCartney, who will be responsible for leading the company’s EMEA business and growing the Bioventus Active Healing Therapies portfolio within the region, will also have responsibility for the international headquarters office in Hoofddorp, The Netherlands. “We are very pleased Andrew is joining us to lead our growing business in EMEA,” said Tony Bihl, CEO of Bioventus. “His broad and deep experience of the European healthcare market, business management and marketing will help us accelerate our growth in key international markets.” McCartney joins Bioventus from Stryker, where for the past 10 years he progressively grew through leadership roles in Sales, Marketing and Business Unit Management positions. He most recently served ... Read more »