Tag Archives: Recent Business News

ما الذي يدعم صناعة الخزانات في الإمارات العربية المتحدة في إبريل الجاري ؟

لندن 15 أبريل، /بي أر نيوز وير/ ایشیانیت باکستان

وزارة الطاقة تجتمع مع رواد صناعة صهاريج التخزين لدفع عجلة التنمية في المنطقة.
إنها فترة مثيرة لمجال صناعة تخزين السوائل في منطقة الشرق الأوسط وأفريقيا، فقد أدى تنامي دور دولة الإمارات العربية المتحدة كمركز إستراتيجي للتجارة العالمية إلى سلسلة من التحديات الجديدة يتوجب على رواد الصناعة في المنطقة الاستجابة لها.
تطالب الرموز الرائدة في تلك الصناعة بالتعاون للارتقاء لدفع هذه الصناعة نحو الأمام.
كما أشار يسر سلطان الرئيس التنفيذي لشركة هورايزون ترمينالز/Horizan Terminals/

إلى أن ” مع تغير السوق، يجب علينا صناعة أن اتباع أحدث التقنيات وتطبيق أفضل الممارسات لتحقيق أداء من الطراز العالمي في تلبية بل وتخطي طموحات عملائنا.

واستنادا إلى هذا النمو الذي حققته الإمارات العربية المتحدة كمركز استراتيجي للتجارة العالمية، فإن هورايزون ترمينالز ليميتد/Horizon Terminals/ تسعى لأن تصبح أكبر مزود خدمة مستقلة للمحطات في مجال التخزين العملاق للنفط في الشرق الأوسط وأفريقيا والبحر المتوسط،في الوقت الذي تحافظ فيه على موقع قيادي في منطقة الشرق الأقصى.

وكما شدد أيضا بيتر فورد الرئيس التنفيذي لميناء صلالة على أنه بتزايد الطلب فإن الحاجة للتعاون بين حملة الأسهم الرئيسين أصبحت أكثر أهمية عن ذي قبل.

وأعرب عن اعتقاده بأن جذب خبراء ولاعبين عالميين جدد في هذا القطاع شيء ضروري لزيادة فرص وتعزيز مهارات وتكنولوجيا التطوير لتلك الأصول.

وللتأكيد على هذا التعاون ودفع عملية تنمية صناعة التخزين في الشرق الأوسط ، سيتم  افتتاح منتدى صهاريج التخزين:ام اي ايه 2013  في الفترة من 30 أبريل الجاري وحتى الثاني من مايو المقبل في جي دي دبليو ماريوت ماركيز.

ويقام المنتدى بالتعاون مع هوريزون تيرمينالز/Horizon Terminals/ وإينوك /ENOC/(شركة البترول الإماراتية الوطنية) وميناء صلالة و أرامكو السعودية/Aramco/ وستالتهافينStolhaven وإويل تانكينج/ Oiltanking /وجالانا/Galana /وجلف بيتروكيميالز/Gulf Petrochem / وأبكو،/ABCCO / كما يحشد الحدث أكثر من 250  خبيرا للكشف عن أفضل الممارسات وضمان على الابتكار في هذه الصناعة وذلك لوضع الشرق الأوسط في مكانة رائدة كمركز للتخزين .

ومن المقرر أن يفتتح وكيل وزارة الطاقة الإماراتية، دكتور مطر حامد النيادي، رسميا المنتدى في الأول من مايو المقبل حيث يلتقي بالخبراء والمشاركين البارزين.

وسينضم إلى الحضور :

جالانا بتروليم ليميتيد، وشيل ، ودي إم سي سي بيشتيل للنفط والغاز والكمياويات، و جي بي إس شيوميل تيرمينال، وفي تي تي أي الفجيرة ليميتيد، ومجموعة نيلكون المصرية ، وأرامكو السعودية، وسيلفر وينج مي، وستالتهافين ترمينالز ،وهوريزن تيرمينالز ،وميناء صلالة ،وأبكو ،وأندريس أند هاوزر ،والعقبة للكيمايويات ،وتوباز للنفط والغاز ،وإمارات ، وسولفوكيم ،وهانيويل ،والاسكندرية لتداول وتخزين الكيماويات ،وسابيك ، و العديد من الشركات الأخرى.

من أجل مزيد من التفاصيل المتعلقة بالحدث ولحجز مقعدك ،عليك الاتصال بنا فورا عبر البريد الإلكتروني :atmarketing@tankstorageforum.com

أو الإتصال على الهاتف رقم:+44- (0)207-045-0939

المصدر:منتدي  صهاريج التخزين

Gunvor Launches USD 300 Mil. Facility to Support Middle East Trading

DUBAI, UNITED ARAB EMIRATES–(Marketwired – April 12, 2013) – Gunvor Group, here comprising Gunvor S.A, Gunvor Middle East DMCC and Gunvor Singapore Pte Ltd, (together “Gunvor” or the “Company”) has launched the syndication of a USD 300 million secured uncommitted borrowing base revolving credit facilities (the “Facilities”), which will be used to finance working capital needs for the purchase of oil products and LNG, and for receivables related to physical transactions in the Middle East region.

ABN AMRO Bank N.V. (“ABN AMRO”) acting through its Dubai International Financial Center Branch has been appointed as Bookrunner and Mandated Lead Arranger. In addition, Arab Petroleum Investments Corporation (APICORP) and Gulf International Bank B.S.C. have joined the Facilities as Early Bird Mandated Lead Arrangers (together with the Bookrunner the “Mandated Lead Arranger Group”). Qatar National Bank has joined the transaction as an Arranger prior to General Syndication.

The Facilities are part of Gunvor’s global geographic expansion and its diversification of financing to support new investments and existing operations. Gunvor first opened a Middle East rep office in 2009, and formalized its presence in 2010 through the establishment of Gunvor Middle East DMCC, located in Dubai, United Arab Emirates. In three years, Gunvor has become one of the region’s main traders, and continues to expand with a focus on long-term investment in the Middle East.

Gunvor will be hosting a bank meeting on 15 April in Dubai.

About Gunvor

Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. With strategic investments in energy infrastructure-refineries, pipelines, storage, terminals and mining-Gunvor further generates sustainable value across the global supply chain for its customers. The Group’s main trading offices are in Geneva, Singapore, Nassau and Dubai, with a network of representative offices around the globe. For more information, go to GunvorGroup.com or follow on Twitter: @Gunvor.

Gunvor
Seth Pietras
+41 79 870 6290
seth.pietras@gunvortrade.ch

Ex-Im Bank and Dubai Economic Council Sign $5 Billion Agreement

WASHINGTON, April 10, 2013 / PRNewswire — Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States (Ex-Im Bank), and Hani Rashid Al Hamli, secretary general of the Dubai Economic Council (DEC), inked a $5 billion memorandum of understanding (MOU) Thursday at Ex-Im Bank’s 38th Annual Conference here.

(Logo: http://photos.prnewswire.com/prnh/20110414/MM83673LOGO)

“The MOU underscores our continued cooperation with our partners in Dubai and helps ensure that American exporters are not disadvantaged by foreign companies relying upon state-driven capital,” said Chairman Hochberg. “The more orders American exporters fill in Dubai, the more American jobs we can support.”

According to the agreement, “DEC and Ex-Im Bank anticipate that as much as $5 billion in export-credit support may be approved to finance DEC’s members’ and customers’ procurement of U.S. goods and services for a variety of Dubai infrastructure projects.”

Potential areas of cooperation include, but are not limited to, air-traffic control and airport infrastructure; railway, urban-metro, and port-development projects; power generation; oil, gas, and petrochemical projects; and water-treatment projects.

In FY 2012, Ex-Im Bank approved approximately $3.32 billion in U.A.E. authorizations.

ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to assist foreign buyers purchase U.S. goods and services.

Ex-Im Bank approved $35.8 billion in total authorizations in FY 2012 – an all-time Ex-Im record. This total includes more than $6.1 billion directly supporting small-business export sales – also an Ex-Im record. Ex-Im Bank’s total authorizations are supporting an estimated $50 billion in U.S. export sales and approximately 255,000 American jobs in communities across the country. For more information, visit www.exim.gov.

IFA Arranges US $50m Financing From Kuwait International Bank for Al Wafir Marketing Services Company

KUWAIT CITY, April 4, 2013/PRNewswire-FirstCall –

Kuwait’s International Financial Advisors KSCC (“IFA”) announced today the closing of a 5 year term loan facility between Al Wafir Marketing Services Company KSCC (“Al Wafir”) and Kuwait International Bank KSC (“KIB”) for an aggregate amount of KD 14 M (approximately US$ 50 Million). IFA acted as the arranger and sole advisor to Al Wafir on this deal.

Othman Al Sumait, Chairman of Al Wafir, said: “This new facility will extend our maturity profile and will fund cost-efficiently the future growth of our operations. As the exclusive BOT operator of Kuwait’s central wholesale market for fruits & vegetables, Al Wafir plans to leverage its expertise by entering into a number of businesses related to the food supply chain. We expect this expansion strategy to greatly enhance shareholders value and to position Al Wafir as a leading player in the wholesale food sector.”

Loai Mukamis, Chief Executive officer of Kuwait International Bank stated: “KIB has always been eager to adopt lucrative BOT projects, given that Al Wafir Market demonstrates a remarkable representation in terms of execution of such projects.” Mukamis added that “One of our primary objectives at KIB is to attract different businesses across the industry to achieve our strategic decision to diversify our financing portfolio.”

Bassel Attieh, Head of Investments and Executive Vice President of IFA, added: “We wish to thank KIB and Al Wafir for their trust and professionalism regarding this transaction which stands out as one of the few successful senior deals for a BOT project in Kuwait. We were able to work around a number of issues that are inherent to the current Kuwaiti BOT law and which had so far impeded the financing of similar schemes. We hope this transaction will help set a benchmark for the funding of future BOT or PPP concessions that are so critical for the improvement of Kuwait’s public infrastructure.”

About IFA

International Financial Advisors KSCC (Kuwait) is a leading provider of financial advisory, securities trading and asset management services. IFA is the flagship company of an investment conglomerate with significant presence across hospitality, real estate, asset management and financial services. The Company operates globally with a special focus on the GCC, South Africa and Asia. IFA is listed on both the Kuwait Stock Exchange (ticker: IFA KK) and the Dubai Financial Market (ticker: IFA DB) and its conglomerate has a combined market capitalization in excess of US$ 2 billion. For more information, visit http://www.ifakuwait.com.

About Al Wafir

Al Wafir Marketing Services Company KSCC (Kuwait) was established in 1998, for the purpose of developing the central fruits and vegetables market for wholesalers under a BOT scheme from the Government of Kuwait. The market is operated as a monopoly by Al Wafir for a period of 19 years (starting July 2010) after which the infrastructure will be handed back to government agencies. The company has plans to expand in the region through the establishment of similar projects and other food-related businesses. Al Wafir is a member of the world union of wholesale markets.

About KIB

KIB was established in 1973, as a conventional real estate bank that converted to an Islamic bank in 2007. KIB Operates under the provisions of Islamic shariah and has assets in excess of US $4.6B. The bank has a rating of A- from Fitch and offers a full range of banking services through a network of 23 branches spread across the state of Kuwait. KIB is listed on the Kuwait Stock Exchange and has a market capitalization in excess of US$ 1 billion. For more information please visit http://www.kib.com.kw

Source: IFA

Photo Release — Quintiq Launches Oil, Gas and Petrochemical Business Unit

‘S-HERTOGENBOSCH, Netherlands, April 4, 2013 (GLOBE NEWSWIRE ) — Quintiq, a global leader in supply chain planning and optimization (SCP&O), today announced the launch of a new business unit focused on meeting increasing demand from its rapidly growing customer base in the oil, gas and petrochemical industry.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=17948

Quintiq’s breakthrough SCP&O solutions are helping some of the largest oil and gas companies in the world to optimize their business planning and make fast, collaborative and well-informed decisions across their businesses. Quintiq can be applied to every part of the supply chain including production, processing and distribution and to all planning levels from strategic planning to operational scheduling.

The highly specialized team will be led by Quintiq Commercial Director Simon Rogers, a chemical engineer with over 25 years of SCP&O experience in the oil and gas industry, and Quintiq Operational Director Coen Verberk, who has more than 20 years’ experience in supply chain planning and optimization. Prior to joining Quintiq, Rogers’ roles included Vice President of Sales and Marketing for M3 Technology, Chief Information Officer of KBC Advanced Technologies and Director of Honeywell’s advanced applications business unit.

“Historically, the industry has used various niche point solutions and spreadsheets to plan and schedule its resources,” said Rogers. “As market volatility has increased and value chains have become more integrated and complex, these solutions fail to manage risk or account for all relevant KPIs. Quintiq empowers companies to optimize their value chains over all time horizons, fully accounting for risks. I look forward to leading, along with Coen, Quintiq’s significant business growth and momentum in the challenging oil and gas sector.”

About Quintiq

Quintiq’s revolutionary supply chain planning and optimization (SCP&O) platform enables enterprises to improve efficiency at every stage of the supply chain journey. It powers end-to-end planning and optimization of personnel, resources, and processes in a single planning environment, across all planning horizons. Many of the world’s largest and most successful enterprises rely on Quintiq to achieve their business goals, strengthen their competitive advantage, and create new revenue streams.

Established in 1997 and growing rapidly, Quintiq has a global presence with dual headquarters in the Netherlands and the USA, a global development center in Malaysia, and offices around the world. Quintiq’s software is in use at over 500 locations in 78 countries worldwide.

For more information, visit www.quintiq.com or follow Quintiq on Twitter, Facebook, LinkedIn and YouTube.

CONTACT: North America Enquiries
Jon Temerlies
Racepoint Group
Tel: 1-202-349-0859
Quintiq@Racepointgroup.com

EMEA Enquiries
Charlotte Poh
Global Marketing Communication Manager
Tel:+31 (0)736910739
pressrelease@quintiq.com

King & Spalding Advises Turkey’s Bank Asya on US$250 Million Certificates Issuance

DUBAI, UNITED ARAB EMIRATES–(Marketwired/ – April 3, 2013) – King & Spalding advised Asya Katilim Bankasi A.Ş. (Bank Asya), the largest Turkish participation bank, on the issuance of US$250 million resettable subordinated tier 2 certificates in a landmark Shari’ah-compliant capital markets transaction.

The certificates, listed on the Irish Stock Exchange and due in 2023, are the first subordinated tier 2 Shari’ah-compliant certificates to be issued from Europe, Turkey and the Middle East. The certificates are issued through Asya Sukuk Company Limited, a Cayman Island incorporated special purpose vehicle.

The King & Spalding team that advised on the deal was led by Dubai-based Middle East and Islamic finance partner Rizwan H. Kanji, with senior associate Lidia Kamleh, associate Pavandeep Gill and transactional specialist Gina Bunker supporting. The joint lead managers on the transaction were Bank of America Merrill Lynch, EmiratesNBD, HSBC and National Bank of Abu Dhabi PJSC, which were advised by Allen & Overy.

“This is a landmark transaction,” said Kanji. “It is a debut by Bank Asya in the international capital markets and the first tier 2 Sukuk outside of Asia. This transaction should facilitate other potential capital funding issuances by participation banks in Turkey in a similar manner.”

King & Spalding’s debt capital markets team in Dubai has extensive experience advising on Sukuk issuances from Turkey, including the first-ever Turkish Sukuk and the first Sukuk under the amended Turkish legislation in 2011.

About King & Spalding
Celebrating more than 125 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 800 lawyers in 17 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.

Contact:
King & Spalding
Matt Hyams
+1 212 827 4057
mhyams@kslaw.com

Asian Leadership Meet to Focus on Sustainable Growth

SEOUL, KOREA–(Marketwire – March 22, 2013) – Steady economic growth and job creation will be the focus of this year’s Asian Leadership Conference, together with dependable welfare that does not leave a hefty financial burden on future generations.

The meet hopes to respond to growing calls for big businesses to make concessions and cooperate with small and mid-sized companies to strive for a more level playing field and create a business environment that nurtures the entrepreneurial spirit.

The conference, now in its fourth year, takes place on March 26-27 and is hosted jointly by the Chosun Ilbo and TV Chosun.

The official theme is, “Asia’s Next Challenge: Good Growth and Smart Welfare.” The first part refers to growth that encourages job creation and a balance between big and small businesses. The second concerns sustainable yet efficient welfare.

Economist and Nobel laureate Thomas Sargent and Gunther Schmid of the Social Science Research Center Berlin will discuss job creation strategies. France’s deputy minister for digital economy and Korean adoptee Fleur Pellerin and Steve Chen, cofounder of YouTube, will share their thoughts on how to employ digital innovation to create new jobs.

There will also be lectures from global management gurus and CEOs on the sidelines of the main sessions.

Like last year, the entire conference will progress digitally, with all materials accessible online and procedures done using tablet PCs that will be provided to all participants. People around the world also can watch the main sessions and the lectures on Ustream live pay-per-view.

-Date: March 26-27, 2013
-Venue: Sheraton Grand Walker Hill, Seoul
-Ustream Live Pay-Per-View Channels:
-Main Session: http://www.ustream.tv/channel/chosunalc
-Lectures: http://www.ustream.tv/channel/chosun-speech
-Pay-Per-View Fees: 19.99 USD for Main Session, 29.99 USD for Lectures, include VOD watching

Contact Information

Contact
Asian Leadership Conference Secretariat
Telephone: +82-2-724-6130-1
E-mail: Email Contact
Website: www.alcchosun.com

(Unencrypted Contact)

Contact
Asian Leadership Conference Secretariat
Telephone: +82-2-724-6130-1
E-mail: alc@chosun.com
Website: www.alcchosun.com