TP-LINK MEA TO SHOWCASE SMB PRODUCTS AT CAIRO ICT 2016

Networking Vendor Supports Digital Transformation for Egypt’s ‘Initiative for Small and Medium Businesses’

(Dubai, UAE) –23rd November 2016 – TP-Link Technologies Co Ltd, a global provider of SOHO, SMB networking products and wireless LAN solutions, has announced that it will be demonstrating its commitment to Egypt’s ICT sector by returning to Cairo ICT 2016, one of the Middle East and North Africa’s (MENA) most prominent IT and communications exhibitions. TP-Link will use its participation at the show to showcase a range of products including networking solutions, wireless products, and full range of SMB solutions. 

According to the vendor which manufactures a broad range of products to the consumer, SOHO and SMB markets, including Wireless solution, ADSL, Routers, Switches, IP Cameras, Powerline Adapters, Print Servers, Media Converters and Network Adapters, participating at the Cairo ICT 2016 this year is special as it coincides with TP-Link’s 20th anniversary milestone and the rebranding that the company has unveiled and is promoting to channel partners and end user customers.

Roger Gong, Country Manager, Egypt at TP-Link Middle East, said the company is delighted to be participating at this year’s Cairo ICT 2016 as the company will use the appearance at this year’s show, which is being held from 27th to 30th November under the theme “Digital Disruption Era”, to introduce the SMB product line to channel partners and their end user clients. “We are not just participating, but want to ensure that channel partners in Egypt have the opportunity to see the SMB products, which the company has introduced in the market,” he said. “We have decided to use our appearance to promote our SMB range of products and to raise awareness around the new corporate identity following the rebranding earlier this year.”

Gong added that in launching the SMB products during Cairo ICT 2016, TP-Link is also demonstrating its commitment and support for the President of the Arab Republic of Egypt, Abdel Fattah El-Sisi’s “Initiative for Small and Medium Businesses.”

“We excited to be participating at this year’s show as the company has set its focus on building a robust channel business that is 100% driven through distributors, resellers and retail partners,” he pointed out. “Being at Cairo ICT 2016, reinforces our commitment to the Egypt market and the channel partners we work with.”

He explained that TP-Link’s support for the SMB market with the launch of new products is part of a wider plan to be part of “building Egypt’s economy” by providing networking and wireless solutions that promote SMBs to be at the forefront of driving the digital transformation agenda in that country. “We are delighted at the business prospects that lie ahead for us in Egypt,” he said. “That’s why we are highlighting a full support of range of products we believe will benefit partners and end user customers in that country.” 

Cayan Group Launches the Hotel Apartments Tower of Cayan Cantara

Cayan sets foot in hospitality and tourism sector

(Dubai, 21stNovember, 2016) -- Cayan Group, the leading property developer in the Middle East is to hold a press conference on the development and launch of a Hotel Apartments Tower at Cayan Cantara. The Hotel Apartments Tower, will be managed & operated by a well-renowned hospitality giant in the Middle East and beyond.

“The unbridled success of the first Cayan Cantara tower prompted us to carry on with our master plan for the Cayan development on the strategic Umm Suqiem Road. Entering the hospitality and tourism sector through the development of a hotel apartment tower at Cayan Cantara is of strategic importance to the growth of Cayan both in terms of physical growth and brand equity, and Dubai which is a tourist magnet is a good place to put our hospitality strategic plans in motion,’’ said Ahmed Alhatti, Chairman of Cayan Group.  

The iconic Cayan Cantara project was launched recently, and since then the branded residences tower has received  tremendous response from the public and already achieved 60% in sales.  Further, for investors in the project, approximate appreciation in value is above 20%. Now along with the hotel apartment tower, there will be more than 700 units in the form of studios, apartments ranging from one-bedroom to three-bedroom, and penthouses for a convenient and luxurious living complete with retail spaces, restaurants, meeting rooms, gym, spa, and lounge. The development of the project is managed through a AED 1billion real estate development fund set up between Cayan Group and the investment firm SHUAA Capital.

At the upcoming press conference, more details about the hotel apartment tower including the hotel operator, construction updates, and official launch date of sales of the tower will be announced. The press conference is to be held in Dubai, on 28thNovember 2016.

مجموعة كيان العقارية تعلن عن طرح البرج الفندقي في مشروع "كيان كنتارا"

كيان توسع نشاط اعمالها في قطاع السياحة والضيافة 

(دبي، 21 نوفمبر 2016) - مجموعة "كيان"، الرائدة في مجال التطوير العقاري في الشرق الأوسط، ستعقد مؤتمرا صحفيا تعلن فيه عن طرح برج الشقق الفندقية في مشروع "كيان كنتارا" في دبي، الذي سيتم ادارته وتشغيله من قبل احدى اكبر شركات ادارة الفنادق ذات الخبرة الواسعة في هذا المجال في منطقة الشرق الأوسط.

و أشار رئيس مجلس ادارة مجموعة "كيان" احمد الحاطي "إن النجاح الكبير الذي حققه البرج الأول من مشروع "كيان كنتارا" دفعنا إلى المضي قدما في خطتنا الرئيسية التي نسعى فيها الى تطوير هذا المشروع القائم على طريق "أم سقيم" الاستراتيجي في دبي. أضيف ان توسعنا في مجال السياحة والضيافة من خلال انشاء برج للشقق الفندقية في مشروع "كيان كنتارا" هو احدى استراتيجياتنا الهامة لتنمية و تطوير المجموعة وعلامتنا التجارية، وخاصة في دبي التي تعد وجهة سياحية عالمية ومدينة هامة لوضع خطط النمو الاستراتيجية في قطاع الفنادق".

وكانت قد اطلقت المجموعة برج الشقق السكنية المميز ، والذي لقي اقبالا كبيرا من قبل المشترين و المستثمرين حيث وصلت نسبة مبيعاته الى 60%. بالاضافة الى زيادة في قيمة الأصول بنسبة تصل الى أكثر من 20% من تاريخ اطلاق البرج السكني. اما بعد اطلاق برج الشقق الفندقية سيكون هناك أكثر من 700 وحدة سكنية مختلفة على شكل استوديوهات و شقق تتراوح مساحاتها بين غرفة نوم واحدة وغرفتين وثلاثة غرف،  اضافة الى شقق "البنتهاوس" الفاخرة ومساحات تجارية ومطاعم وقاعات للاجتماعات وصالة رياضية ومنتجع صحي.

وتتم إدارة تطويرالمشروع من خلال اتفاقية تمت بين مجموعة "كيان" وشركة "شعاع كابيتال" للاستثمار لتنمية الصندوق العقاري، وتبلغ كلفة المشروع مليار درهم اماراتي.

في المؤتمر الصحفي القادم، سيتم الإعلان عن المزيد من التفاصيل حول برج الشقق الفندقية بما في ذلك المشغل الرئيسي للفندق و وتاريخ الإطلاق الرسمي لمبيعات البرج  و اخر مستجدات البناء. وسيعقد المؤتمر يوم 28 نوفمبر الجاري في دبي.

Panasonic Homes & Living showcases Switches & Lighting Solutions at Big 5 2016

November 21st 2016, UAE – Panasonic Homes & Living, caters to the largest gathering of construction professionals in the Middle East at BIG 5 2016 in collaboration with its UAE channel partner ADVANCE EST. for Lighting & Electricals (a subsidiary of M/S Easa Hussain Al Yousifi [EHY] group of companies). Panasonic is present at stand 6B277 in Hall 6 at Dubai World Trade Centre during the show which is taking place from November 21st-24th 2016.

The region’s largest construction and building event equips the exhibitors with a vast platform to present their products targeting many disciplines of the construction vertical.

Panasonic Homes & Living offers a broad spectrum of Switches & Sockets, LED Lightings, Switchgears, Solar Panels, Energy Recovery Ventilators (ERV), Air Moving Equipment (AME), Ventilation Fans, and Ceiling Fans & Electric Fans. Ranked no 2 globally for wiring devices, Panasonic will be showcasing its top level switches series and lighting solutions this year at Big 5. Customers from the construction industry can find solutions tailored to their needs at the Panasonic stand.

Panasonic has been strongly catering to the ever-changing demands of Middle East Construction sector. The brand actions to deliver best-value-for-money options with unmatched quality and these products are a reflection of the company’s commitment to offer innovative and sustainable solutions that boast comfort, safety and durability.

Tatsuya Kumazawa, Sales Director – Panasonic Eco Solutions Middle East & Africa (PESMAF) says, “With our strong brand image, high quality standards, long history of servicing different markets for years and our strategic alliances with industry leaders; Panasonic is well-positioned to cater to this dynamic and potential market in the coming years.”

He adds, “Middle East Construction industry is likely to be resilient, presenting opportunities and registering growth at a slow pace despite the slump in oil prices recently. The GCC markets are still gaining a lot of investors’ confidence as prices are still stable, which reflects the market’s maturity and promising future.”

Panasonic’s Electrical Construction Materials are distributed by M/S.Advance Establishment for Lighting & Electricals (AELE) in UAE. Founded in 1998, M/S.Advance countrywide distribution network offers a complete range of Panasonic electrical products including switches and receptacles.

Canada and Zambia lead on UN resolution to end child, early and forced marriage

Gender equality, the empowerment of women and girls and the advancement of their human rights are critical to the achievement of peace, prosperity and sustainable development

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OTTAWA, Canada, November 23, 2016/APO/ -- 

The Honourable Stéphane Dion, Minister of Foreign Affairs, and the Honourable Marie-Claude Bibeau, Minister of International Development and La Francophonie, today issued the following statement:

Child, early and forced marriage threatens the lives and futures of girls and women around the world

“Today, the United Nations General Assembly’s Third Committee adopted a resolution on child, early and forced marriage, led by Canada and Zambia with 106 co-sponsors. This year’s resolution increases global momentum toward achieving the target, articulated in the 2030 Agenda for Sustainable Development, of ending the practice. The resolution provides a road map of what must be done to end it and help those affected by it. The widespread support for this resolution is a clear signal that the international community is committed to taking action.

“Child, early and forced marriage threatens the lives and futures of girls and women around the world. It is a violation of their human rights that disrupts their education, jeopardizes their health, makes them more vulnerable to violence and limits their participation in the economic, political and social spheres.

“Gender equality, the empowerment of women and girls and the advancement of their human rights are critical to the achievement of peace, prosperity and sustainable development. Canada is committed to working with the international community to end this harmful practice so that girls around the world have the opportunity to live healthy and empowered lives.”

Distributed by APO on behalf of Department of Foreign Affairs Canada.

Euro surpasses RMB in traditional trade finance

SWIFT RMB Tracker shows the euro is now the second-most-active currency for trade finance, whilst the RMB slips to position number three

Brussels, 23 November 2016 – Since the launch of the first SWIFT RMB Tracker in November 2011, the RMB has shown stellar growth for payments, whilst RMB usage by value in traditional trade finance – letters of credit and collections – has been decreasing since 2014. The Chinese currency is now the third-most-active currency in trade finance, after the euro, with a share of 4.61%. Three years ago, the RMB was ranked #2 in trade finance with a share of 8.66%. Since October 2013, the trade finance values in RMB have decreased by 66%, whilst trade finance across all currencies decreased in value by 35%.

“The general slowdown of the Chinese and world economies over the past few years has impacted global trade growth across all currencies, not just the RMB,” says Michael Moon, Head of Payments Markets, Asia Pacific, SWIFT. “For example, commodities trade growth has been declining as evidenced by the reduction of documentary trade. On a positive note, the inclusion of the RMB in the Special Drawing Right (SDR)[1] basket should generate further trust and confidence in the RMB currency and support further RMB internationalisation.”

In terms of international payments, compared to September 2016, the RMB has dropped one position to #6 in the currency rankings for international payments, with a share of 1.67%. This month’s decrease is likely due to seasonal effects following the Golden Week holiday in China in October. RMB payments value decreased by 22.44% compared to September 2016, whilst in general all payments currencies decreased by only 5.96%.

اليورو يتجاوز عُملة "رينمينبي" في مجال التمويل التجاري التقليدي

أداة "سويفت" لتتبع عُملة "رينمينبي" تُبيّن أن اليورو هو الآن ثاني أنشط عُملة للتمويل التجاري بينما انزلقت عُملة "آر إم بي" إلى المركز الثالث

بروكسل، 23 نوفمبر 2016 – منذ أطلقت "سويفت" أداتها الأولى لتتبع عُملة "آر إم بي" أو ما يعرف أيضاً بعملة "رينمينبي" الصينية في شهر نوفمبر 2011، برهنت العُملة عن نمو مذهل في مجال المدفوعات في حين أن استخدام "آر إم بي" من حيث القيمة في مجال التمويل التجاري التقليدي – الاعتمادات والتحصيل – يسجلّ انخفاضاً منذ عام 2014. وتعتبر العُملة الصينية حالياً ثالث أنشط عُملة في مجال التمويل التجاري بعد عُملة اليورو مستحوذة على حصة قدرها 4.61 في المائة. وقد كانت عُملة "آر إم بي" في المركز الثاني في مجال التمويل التجاري منذ ثلاث سنوات بحصة قدرها 8.66 في المائة. ومنذ أكتوبر 2013، انخفضت قيم التمويل التجاري بعُملة "آر إم بي" بنسبة 66 في المائة في حين أن التمويل التجاري قد انخفض بنسبة 35 في المائة لكل العُملات.

صرح مايكل مون، رئيس أسواق المدفوعات في منطقة آسيا الباسيفيك لدى "سويفت": "إن التباطؤ العام في الاقتصاد الصيني والاقتصادات العالمية في السنوات القليلة الماضية قد أثر على نمو التجارة العالمية في كل العملات وليس في عُملة ’آر إن بي‘ وحدها. فعلى سبيل المثال، يسجلّ النمو في تجارة السلع انخفاضاً كما يظهر في انخفاض التجارة المستندية. ولكن من منظور إيجابي، فإن ضمّ عُملة ’آر إم بي‘ إلى سلّة عملات حق السحب الخاصSpecial Drawing Right (SDR)1 من شأنه أن يولّد ثقة أكبر في عُملة ’آر إم بي‘ ويدعم تدويل ’آر إم بي‘ بشكل أكبر."

فيما يتعلّق بالمدفوعات العالمية، فإن عُملة "آر إم بي" قد انخفضت إلى المركز السادس بين العُملات المستخدمة للمدفوعات العالمية منذ سبتمبر 2016 بحصة تبلغ 1.67 في المائة. والانخفاض المسجل هذا الشهر هو على الأرجح بسبب التأثيرات الموسمية بعد إجازة الأسبوع الذهبي في الصين في شهر أكتوبر. وقد انخفضت قيمة المدفوعات بعُملة "آر إم بي" بنسبة 22.44 في المائة مقارنة بشهر سبتمبر 2016 في حين أن المدفوعات بكل العُملات بشكل عام قد انخفضت بنسبة 5.96 في المائة فقط.

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سلّة عملات حق السحب الخاص (1)  SDR  هي عبارة عن أصول احتياطية عالمية أنشأها صندوق النقد الدولي في عام 1969 ليُكمّل الاحتياطات الرسمية للدول العضوة في الصندوق. واعتباراً من مارس 2016، تم جمع 204.1 مليار لسلّة عملات حق السحب الخاص  SDR ( ما يوازي حوالي 285 مليار دولار أميركي) وتوزيعها على الأعضاء. يمكن استبدال هذه الأصول مقابل عُملات متداولة. وقيمة سلّة عملات حقّ السحب الخاص ترتكز على سلّة مكونة من خمس عُملات رئيسية هي الدولار الأميركي واليورو والرينمينبي الصيني (آر إم بي) والين الياباني والجنيه الإسترليني – اعتباراً من 1 أكتوبر 2016. المصدر: صندوق النقد الدولي.