Regulatory approvals received

LUXEMBOURG - Monday, July 4th 2016 [ME NewsWire]

Completion of the acquisition and full consolidation of O3b is expected on 1 August 2016

Accelerating SES’s top-line growth and generating an additional EUR 106 million of synergies by 2021

(BUSINESS WIRE)-- SES S.A. (Euronext Paris:SESG) (LuxX:SESG) announces today that on 1 July 2016, having received all of the necessary regulatory approvals, the company exercised its call option and offered to acquire the remaining shares and warrants of O3b Networks. The other shareholders have agreed to accept the SES offer, non-tendering warrant holders will be cashed out, and completion of the transaction is expected on 1 August 2016.

SES will pay USD 730 million to directly increase its fully diluted ownership of O3b from 49.1% to 100%, using proceeds from the company’s recent equity raising. On completion, SES will consolidate USD 1.2 billion of O3b net debt and ... Read more »

Dubai, United Arab Emirates - Sunday, July 3rd 2016 [ME NewsWire]

During the region’s construction boom of the last decade, industrial pumps were an integral part of every kind of construction project, from cooling and heating to wastewater and water treatment – and much more.  Today, the region is experiencing a new wave of construction and infrastructural development, but this time we are reaping the environmental and financial benefits of the smart technological advances available in the crucial area of pump engineering and management.

The current building and construction boom is now taking place in an era of sustainability awareness in all sectors, which has been encouraged by the regional governmental plans to use water and energy resources more wisely. Against this backdrop, world-leading pump manufacturer and trendsetter in water technology, Grundfos, has raised the bar for intelligent pump systems, giving the region’s construction sect ... Read more »

ENGLEWOOD, Colo. - Sunday, July 3rd 2016 [ME NewsWire]

(BUSINESS WIRE)-- The Western Union Company (NYSE: WU), a leader in global payment services, announced its participation as a founding partner in the White House call-to-action for private sector engagement on the global refugee crisis.

There are more than 65 million displaced people in the world today, the highest number on record since the UN Refugee Agency (UNHCR) began collecting statistics. More than 21 million of these people have crossed international borders in search of safety and are registered as refugees. The despair that drives these people to flee their homes is heart-breaking, but their resilience is awe inspiring. Refugees are a valuable untapped resource and, if given the opportunity, can thrive and contribute wherever they reside.

A crisis of this scale, however, requires more than government action. For this reason, Western Union is proud to join with President Obama in challenging the ... Read more »

Ras Al Khaimah, United Arab Emirates - Sunday, July 3rd 2016 [ME NewsWire]

The American University of Ras Al Khaimah (AURAK) has announced that the admissions period for new applications will remain open until the end of August.

According to the QS World University Rankings, has for the first time broken into the top 60 universities in the Arab region.  The latest figures rank AURAK as the number 11 on a national level, although the University expects to continue its remarkable ascension up the tables.  Since entering the QS rankings just two years ago in 2014, AURAK has climbed 150 places.

Manager of the Admissions Department, Hassan Ammari, in light of the University’s recent success, predicts a large influx of new students ahead of the new semester, beginning in September, 2016.  Mr. Ammari highlighted the large number of applications that the University has received over the last two months, and with admissions remaining open until th ... Read more »