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BANKING

CBJ interest rate reduction will have minimal impact, economists say March 10, 2020

AMMAN — Economists on Monday said the Central Bank of Jordan’s (CBJ) decision to lower interest rates on all monetary policy instruments by 50 basis points as of last Thursday will have “little impact” in light of the current global economic headwinds caused mainly by the coronavirus outbreak.

“The timing has become predictable — when the Federal Reserve System in the US lowers its interest rate, the CBJ expectedly"...

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World Bank's funding of NEPCO ''only a proposal'': Planning Ministry March 10, 2020

Amman, March.9 (Petra) -- The Ministry of Planning and International Cooperation spokesperson, Issam Majali, said a World Bank's funding project for the National Electric Power Company (NEPCO) is just a government proposal that hasn't' been completed yet.

No official request in this regard has been submitted to the World Bank, either by NEPCO or the government, until a final scenario is produced to deal with the company's debt, study all available options, and take the appropriate decision thereon,"...

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i2c Expands Presence in Middle East and Africa Due to High Demand for Its Agile ProcessingMarch 3, 2020

i2c Inc., a leading provider of payment and open banking technology, today announced it is expanding its presence in the Middle East and Africa (MEA) due to high demand in the region for its solutions. i2c partners with financial institutions, fintechs and governments using its unique i2c agile processing technology and APIs to bring innovative credit, debit, prepaid, and multi-currency solutions to market quickly. To support the growth in MEA, i2c added a General Manager position to its team and is announcing today the appointment of payments industry veteran Aurangzaib Khan to the position. Khan is based in Dubai. Prior to joining i2c, Khan was VP, Government Business Development for Mastercard in the UAE and Oman where he managed government relationships and engagement in the areas of policy and regulation, fostered commercial initiatives and grew revenue. Other senior Mastercard positions......

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Jim McCarthy Joins i2c as PresidentMarch 2, 2020

i2c Inc., a leading provider of payment and open banking technology, today announced the appointment of Jim McCarthy as President of the company. Reporting to i2c CEO and founder Amir Wain, McCarthy is responsible for i2c teams working with clients, partners and prospects. He is based at i2c headquarters"...

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Western Union Launches Worldwide Coronavirus Relief Drive February 17, 2020

(AETOS Wire)-- Today, Western Union (NYSE: WU) a leader in cross-border, cross-currency money movement and payments, and the Western Union Foundation announced a USD $1M global matching challenge to help fight COVID-19 (coronavirus) and for relief in China and other affected countries. The combined Western Union and Western Union Foundation match will be up to USD $500,000. The Western Union Foundation is accepting contributions from Western Union employees, Agents, customers, and the public, across the globe between now and April 14, 2020. The aid will be pledged to local and global NGOs, including Give2Asia and International Medical Corps* for ongoing relief efforts in China and other impacted nations throughout the world, including to purchase supplies, equipment and frontline medical treatment. As of February 13, 46,997 individuals are estimated to have been infected with COVID-19, with 1,368 deaths globally (46,550 cases and 1,368 deaths in China), according to the World Health Organization. “Western Union is a global company and we support our customers,......

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1.86 Customer Minutes Lost (CML) of Electricity per Year in DubaiFebruary 17, 2020

Dubai Electricity and Water Authority (DEWA) has achieved a new world record in electricity Customer Minutes Lost (CML) per year. DEWA recorded 1.86 minutes, in Dubai, compared to around 15 minutes recorded by leading electricity companies in the European Union. This is a new addition to DEWA’s record of international achievements in electricity and water services.

“At DEWA, we work according to the vision and directives of our leadership"...

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30 Teams to Vie for Honors at US$5-Million Mohamed Bin Zayed International Robotics Challenge 2020 in Abu DhabiFebruary 11, 2020

Khalifa University of Science and Technology, organizers of the Mohamed Bin Zayed International Robotics Challenge, announced a total of 30 teams will be competing for honors at MBZIRC 2020, the second edition of US$5-million biennial competition to be held from 23-25 February in Abu Dhabi, UAE, in parallel with the 4th edition of Unmanned System Exhibition (UMEX) and Simulation & Training Exhibition and Conference (SIMTEX) 2020.

Around 500"...

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New Report by Arthur D. Little Highlights the Need for Greater Reconfiguration in the Telecoms IndustryFebruary 10, 2020

(AETOS Wire)-- Arthur D. Little (ADL) has published its annual telecoms study, which highlights the need for greater reconfiguration in the global telecoms industry. Backed by client conversations, a global survey and interviews targeting investors, board members and senior executives of telecom operators, the study has revealed that inorganic growth options are a viable tool for operators to survive in the challenging telecoms market, with more than 90 percent of respondents agreeing."...

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Aptorum Group Announces Further Positive Data For Its ALS-4 Small Molecule Anti-virulence (Non-bactericidal) Drug Candidate For The Treatment of Infections Caused By Staphylococcus Aureus and On Track Targeted For IND Submission in H2 2020 February 10, 2020

(AETOS Wire)-- Aptorum Group Limited (NASDAQ: APM) (“Aptorum Group”), a biopharmaceutical company focused on the development of novel therapeutics to address global unmet medical needs, announces further positive data from its current investigational new drug (IND)-enabling studies for ALS-4, a small drug molecule candidate indicated for the treatment of infections caused by Staphylococcus aureus (or “S. aureus”), including methicillin-resistant Staphylococcus"...

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Aptorum Group Announces Significant Progress of Repurposed Drug Candidate, SACT-1 for Neuroblastoma Targeting IND Submission in H2 2020 February 10, 2020

(AETOS Wire)-- Aptorum Group Limited (Nasdaq: APM) (“Aptorum Group”), a biopharmaceutical company focused on the development of novel therapeutics to address global unmet medical needs, announces positive data and development in relation to its repurposed drug candidate, SACT-1, for the treatment of neuroblastoma, a rare type of childhood cancer that develops in infants and young children. Subject to completion of current validation studies, Aptorum Group plans to leverage"...

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