Daily Archives: December 8, 2015

Gaetano Holdings Confirms Komi Oil 4.4 Bn Barrels Reserve

LONDON, Dec. 08, 2015 (GLOBE NEWSWIRE) — CEO of Gaetano Holdings Ltd (London), Excellency Youness Fathi, is pleased to announce that Geological Experts report showing Komi Oil (Komi Republic, Russia) has a 4.4 Billion Barrels Resource. Oil fields (South-Zverinetsky & Zverinetsky-2) are the closest to the fast growing Asian-Pacific region markets.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b7657393-fa9f-49fa-87f0-0af408c757d2

For further information, contact: 
Jacqueline Jestin 
Chief Executive to His Excellency's Office 
Tel.: 00 44 74 0488 4516

Copyright © 2015 GlobeNewswire, Inc.

MoCA Membership Growth Includes Companies From Asia to Africa

SAN RAMON, Calif., Dec. 08, 2015 (GLOBE NEWSWIRE) — Further evidence of its international reach and adoption, MoCA® has recently added four new OEMs with headquarters and operations in Africa and Asia. More than 40 percent of membership in the Alliance is by companies outside the U.S, with 21 of 51 total members of international origin.

“MoCA is excited with the addition of these companies and welcomes them into our membership. Their market and technology expertise will help shape how MoCA integrates into the challenge of the international home network space,” said Charles Cerino, president of MoCA.

This growth in membership is also of particular interest and accomplishment given the recent wave of consolidation and M&A activity among operators and CPE vendors.

Recently added new members include:

Jiangsu Yitong High-Tech Company Ltd., manufactures television broadcast equipment to 300 network operators in China;

Digital Multimedia Technology Company Ltd., is based in Seoul, South Korea and manufactures and markets CPE for satellite and cable operators in South Korea and worldwide;

Compal Broadband Networks is based in Taiwan and is a supplier of broadband equipment including set-top boxes and cable modems;

Altech Multimedia (Pty) Ltd, based in Johannesburg, South Africa is a leading developer of STBs and PVRs for the African Broadcast Industry.

About MoCA®

MoCA® technology is the fastest and most reliable backbone for Wi-Fi®™ and has been adopted by cable, telco/IPTV and satellite operators worldwide.  MoCA 2.0 offers net data rates of 400 and 800 Mbps (bonded), and one Gbps in point to multi-point mode.  The Alliance has 198 certified products and 51 members worldwide. Visit www.mocalliance.org for more information.

Copyright © 2015 Multimedia over Coax Alliance. All Rights Reserved. MoCA and the MoCA logo are trademarks of the Multimedia over Coax Alliance, registered in the U.S. and other countries.

Rob Gelphman
VP, Marketing and Member Relations

Copyright © 2015 GlobeNewswire, Inc.

Delivering Better Lives From Argentina to Zimbabwe

LONG BEACH, Calif., Dec. 8, 2015 (GLOBE NEWSWIRE) — UTi Worldwide Inc. (Nasdaq:UTIW), a global supply chain services and solutions company, is proud to announce that its charitable foundation Delivering Better Lives (DBL) will be funding the building of a new Out Patients Department at Bwaila Hospital in Lilongwe, Malawi. The new department will make a substantial difference to doctors and nurses as well as the thousands of people who attend the hospital each week – many of whom currently have to wait outside, sometimes up to 12 hours, before being seen.

The project in Bwaila Hospital is one of more than ten new initiatives due to be launched before the end of the year and will mean that DBL has supported 40 new projects in 2015, with the foundation currently funding projects from Argentina to Zimbabwe.

This year UTi Worldwide team members have run, recycled, and even eaten ‘Freakin Hot Buffalo Chicken Sandwiches’ to help raise money for good causes. As well as these individual efforts, staff from across all 59 countries in the UTi network took part in the company’s annual Global Walkathon and community week, raising almost USD 60,000.

The money raised by UTi employees has, since DBL’s launch in 2007, helped millions of people around the world, by funding projects that contribute to making a difference to local people in the countries where UTi operates. Some of the programs DBL is currently supporting include:

-- renovating and extending an orphanage in South Africa;
-- funding the implementation of a water storage and irrigation program in Peru;
-- providing school equipment and building a new library in Bangladesh; and
-- rebuilding a children's home, following an earthquake in New Zealand.

Glenn Mills, DBL Executive Director, said: “At Delivering Better Lives we believe we have a responsibility to help the people less fortunate around us. Through the dedicated work of UTi team members, we work with local communities to find projects which are making a real difference and identify what help we can provide, putting in place the infrastructure that allows the benefits to be sustained over the long term.”

For more information on DBL, go to: http://www.go2uti.com/delivering-better-lives.

About UTi Worldwide
UTi Worldwide Inc. is an international, non-asset-based supply chain services and solutions company providing air and ocean freight forwarding, contract logistics, customs brokerage, distribution, inbound logistics, truckload brokerage and other supply chain management services. The company serves a large and diverse base of global and local companies, including clients operating in industries with unique supply chain requirements such as the energy and mining, retail, apparel, chemical, automotive, pharmaceutical and technology industries. The company seeks to use its global network, proprietary information technology systems, relationships with transportation providers and expertise in outsourced logistics services to deliver competitive advantage to each of its clients’ supply chains.

CONTACT: Katie Quinlan
Director, Global Strategic Marketing & Communications
+49 (0) 173 710 6425

Italy’s foreign trade: focus on Africa, Iran and ASEAN countries

(AGI) Rome, Dec. 5 – The year 2016 will be difficult for foreign trade, but Italy is determined to balance the accounts and identify new areas of development, with a coordinated strategy. In an interview with Italian news agency AGI, Italian Deputy Minister of Economic Development Carlo Calenda explained the government’s objectives and guidelines.

“There has never been so much consistency of views in this field as there is today,” said Calenda. “Our strategy is developed by the Presidency of the Council and then all ministers take a decision on it together. The system is beginning to work in a systematic way.” The keywords in the process are coordination and continuity: “We keep working on the relationship with the selected countries and the sectors we focus on must be quite clear,” the deputy minister explained. The strategy also takes complex geopolitical situations into account, and the government even believes that business can promote peace. “But the contrary is also true,” continued Calenda. “For Italian companies it is very important to start thinking in geopolitical terms. In 2016 we will have an extremely unstable situation, not only from the point of view of safety, but also in terms of financial security. Hence the strategy of consolidating primarily secure markets, like the United States and Canada, before moving on to new markets, with rational strategies. In the U.S. we focus on large-scale retail trade. We are pushing agro-food and textile products, half of which are new brands. We will work initially with four chains. Later we will present ourselves with a single brand, set out by Agriculture Minister Maurizio Martina, at the main American food fairs, combining ‘Tutto Food’, Cibus and Vinitaly.”

As for emerging markets such as Latin America, the government is moving “from the Mercosur countries to the Pacific and Mexico. In Asia, we focus on the ASEAN area (Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam), where we are closing many deals. And then there is Africa, where we try to bring entire supply chains, technology centres in all sectors.”

In Turkey, Italy has opened an investment desk in cooperation with a local merchant bank. So the strategy is diversified: “We export products to the U.S., while we export products, equipment and infrastructure to Asia and the Pacific area. We can also try to penetrate more difficult markets, but we should go there with the right prospects and with ventures right for those countries,” Calenda added.

Italy expects to triple its exports to Iran once the current sanctions on the country are lifted as a result of negotiations in the nuclear issue. “Iran will be the good news of 2016 for Italy,” said Mr Calenda who recently led a delegation of entrepreneurs to Tehran ahead of the likely lifting of sanctions. The results are “very positive”, the deputy minister concluded, also announcing a series of meetings in the coming months between the Italian and Iranian government “at all levels”. With Iran, Calenda explained, “we can quickly reach three billion euros in exports, tripling their current size. And trade worth seven billion is feasible by the end of 2017. The mission to Iran was a success for several reasons. First of all the size of the mission: 371 entrepreneurs were in Tehran and more than a thousand business-to-business meetings were held. But the quality of the work was also excellent: our entrepreneurs are very happy, a satisfaction rate of 90 percent being measured after the mission. And, unlike other missions, satisfaction with the business meetings was even higher than 90 percent, also thanks to a highly developed and interesting Iranian entrepreneurial class.” The waiting is now for ‘implementation day’, which will mark the reopening of full-scale trade with the country. “Our hands are tied until implementation day,” Calenda continued, explaining that his meetings with the governor of the Central Bank of Iran showed the need to “prepare everything” to be “ready for the day after”.

Italian export credit agency SACE pledged to lend five billion euros for investments. “But that is not the end of it,” the deputy minister went on. “A number of Iranian banks could open in Italy to restart the flow of trade and investment.” Iran will also have to go through an ‘upgrading’ of the country that could involve Italian industry. “There is a good cooperation with Italy on this; I think of the tanning and marble industries for example,” continued Calenda. “We operate like this: we bring a technology centre for a given industry, we transfer our equipment to this centre, and there we train local operators. This stimulates others to buy our machines and to work closely with Italians. And there are also companies that used to be in Iran, such as Techint, who are interested in returning.” The prospects look promising in the oil and gas sector as well: “We met with the Deputy Minister of Oil and with him we outlined the situation with a dozen Italian companies”.

Carlo Calenda, is leaving in the coming days for Africa, where he will have meetings in several countries. His tour will start in Ghana and Ethiopia, from where he will move on Dec. 15 to Nairobi to lead an Italian delegation at the WTO’s Tenth Ministerial Conference. “Matteo Renzi has made an unprecedented effort in Africa,” Calenda said in an interview with AGI about foreign trade. The deputy minister underlined that Africa will be one of the cornerstones in Italy’s foreign affairs ‘offensive’. In 2014 Prime Minister Renzi was in Mozambique, Angola and Congo-Brazzaville, and this year he has visited Ethiopia and Kenya. In 2016 he will be back in Africa for several meetings, starting in Ghana. ” Italy’s objective in Africa – said Calenda – is to transfer entire supply chains. We have already opened a fruitful dialogue with Mozambique. We have done preparatory work on oil and gas, and we opened a service center in Maputo for Italian companies that want to go there to invest and produce.” In Maputo, Calenda went on, “a fair is held in which more Italian than Portuguese companies participate,” although Portugal is the historical reference point of that part of Africa. The more established destinations include Congo-Brazzaville and Angola, while the next steps are Ethiopia and Ghana, where the prime minister will go as well. Calenda explained: “Next year we will be back in Ghana and Ethiopia with a business mission. Ghana is a very advanced country where we are not yet present. Ethiopia’s economic growth has been spectacular, and we are present there with large-scale infrastructure projects. There are many similarities with our country, like the presence of an important leather industry; it is a most promising country.”

The WTO’s Tenth Ministerial Conference in Nairobi will be the first held in Africa. The choice was made to underline the importance of developing countries in multilateral negotiations. The organization, based in Geneva, has 161 member countries – to be joined for the occasion by future members Liberia and Afghanistan.

Marilia Cioni
AGI Agenzia Giornalistica Italia
International Relations / Content Production
+39 06 51996354
+39 380 3303759

Novartis supporting education in the fight against malaria in sub-Saharan Africa

— 3.3 billion people in 97 countries worldwide at risk of malaria infection1
— 584,000 deaths from malaria were estimated in 20131
— ~90% of deaths caused by malaria occur in Africa, and children under 5 years account for 78% of all deaths1
— Malaria can be prevented and treated

BASEL, Switzerland, Dec. 8, 2015 (GLOBE NEWSWIRE) — As part of a continued commitment in the fight against malaria, Novartis Pharmaceuticals launches a new educational website, providing educational resources to healthcare professionals in sub-Saharan Africa.

The site provides access for registered healthcare professionals to educational resources and a series of live webcast events, covering a range of topics. The first webcast in the series will focus on WHO recommendations and the challenges faced treating malaria in the pediatric population in Africa.

The website is now live and healthcare professionals have access to the following resources:

— WHO prequalification program interactive presentation
— Malaria lifecycle video
— Interactive timeline ‘The fight against Malaria over 6 decades’
— ‘Optimizing Pediatric Malaria Therapy in Africa’ a CME approved training program

In addition to these on-demand resources, a series of live webcasts will be hosted by key experts. These webcasts will provide healthcare professionals access to interactive seminars where the latest information and challenges faced in the fight against malaria will be discussed.

The first in the series of webcasts will be held on the 9th December 2015, from 5.00 to 6.30pm CET. This will be hosted by Dr Quique Bassat, who will provide the latest information concerning antimalarials for the pediatric population, with reference to the WHO treatment guidelines and drug quality. The second presentation, by Ms. Benedetta Schiavetti, will exemplify challenges faced in the field, providing a case study from the Democratic Republic of Congo. After the presentations, there shall be an opportunity for healthcare professionals to interact with the experts via a live web-based Q&A session.

Following the live broadcast, the video will be available for download at viewers’ convenience.

To access the website and find more information on the webcast, please register at http://edge.media-server.com/m/s/i5g8pi64/lan/en

For press-related enquiries, please contact:

  Vanessa Racloz, PhD                 Simona Sappia                            
  Assoc. Director Public Affairs      Head of Malaria Initiative Communications
  Malaria Initiative                  Malaria Initiative                       
  Novartis Pharma AG                  Novartis Pharma AG                       
  Basel, Switzerland                  Basel, Switzerland                       
  Phone:  +41 61 3240262              Phone:  +41 61 3247184                   
  Email: vanessa.racloz@novartis.com  Email: simona.sappia@novartis.com        
  www.malaria.novartis.com            www.malaria.novartis.com                 

1. WHO. World Malaria Report 2014.
http://apps.who.int/iris/bitstream/10665/144852/2/9789241564830_eng.pdf?ua=1 [Accessed 19/11/2015]