Doha, Qatar - Monday, October 10th 2016 [ME NewsWire]

QNB Group, the largest bank in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2016.

For the nine months ended 30 September 2016, Net Profit reached QAR9.7 billion (USD 2.7 billion), up by 11% compared to last year. Total assets reached QAR713 billion (USD196 billion), up by 37% from September 2015, the highest ever achieved by the Group.

QNB Group completed the acquisition of 99.88% stake in Finansbank A.Ş. – Turkey, during the year.

The growth in assets was driven by loans and advances which grew by 38% to reach QAR507 billion (USD139 billion). At the same time QNB Group increased its customer funding by 31% to QAR501 billion (USD138 billion). This led to the Group’s loans to deposit ratio reaching 101.3%.

QNB Group’s prudent cost control policy and strong revenue generating capability allowed it to maintain an effici ... Read more »

- Collaboration to generate tumor targeting drug conjugates and immuno-oncology therapeutics-

CAMBRIDGE, United Kingdom & CAMBRIDGE, Mass. & OSAKA, Japan - Monday, October 10th 2016 [ME NewsWire]

-Takeda makes investment in Crescendo-

(BUSINESS WIRE)-- Crescendo Biologics Limited (Crescendo), the drug discovery and developer of Humabody®-based therapeutics, and Takeda Pharmaceutical Company Limited (TSE: 4502) today announced a global, strategic, multi-target collaboration and license agreement for the discovery, development and commercialization of Humabody® -based therapeutics for cancer indications with a high unmet medical need.

Crescendo will use its proprietary transgenic platform and engineering expertise to discover and optimally configure Humabody® candidates (Humabody® Drug Conjugates and Immuno-Oncology modulators) against multiple targets selected by Takeda.

“We see significant potential in Crescendo a ... Read more »

Producing farmlands will increase volumes of current products and offer future development potential

WESTLAKE VILLAGE, Calif. - Monday, October 10th 2016 [ME NewsWire]

(BUSINESS WIRE)-- Dole Food Company announces the acquisition of the TucFrut farms and packing facilities in the Molina and Linares areas of Chile. The TucFrut property, located 140 miles South of Santiago, consists of five different farms spread over 1,000 hectares (2,400 acres) and currently produces apples, blueberries and kiwifruit on over 660 hectares (1,600 acres).

“With the acquisition of TucFrut we are strengthening our leadership of Dole’s Chilean deciduous export business and diversified fruit operations,” says Johan Linden, President and COO of Dole Food Company. “Dole Chile has been a success story for Dole since the 1980s based on our grower supply and a worldwide distribution under the Dole label.”

The TucFrut farm will strengthen Dole’s ... Read more »

 –Used in combination with a Yokogawa analytical service to ensure high product quality–

TOKYO - Thursday, October 6th 2016 [ME NewsWire]

(BUSINESS WIRE)-- Yokogawa Electric Corporation (TOKYO:6841) announces that it has developed Process Data Analytics, an application program that can detect a decline in quality or productivity at an early stage of the manufacturing process by analyzing process data, facility status information, operation history, and other data. Used in combination with Yokogawa’s analytical services, this software is a quality stabilization solution that can help companies stabilize and continuously improve the quality of their products. This software will be released for sale in March 2017.

Development Background

While working to quickly respond to a diverse array of market needs, manufacturers face a growing need to stabilize the quality of the products coming off their production lines. Product quality is ... Read more »

 New Flagship GSMA Intelligence Report Identifies Megatrends Shaping Mobile Ecosystem

LONDON - Thursday, October 6th 2016 [ME NewsWire]

(BUSINESS WIRE)-- The GSMA today launched its inaugural ‘Global Mobile Trends’ report, offering a vast wealth of data and insight on the state of the mobile ecosystem today and mapping out its future development. This flagship report, produced by GSMA Intelligence, the research arm of the GSMA, compiles data on mobile subscriber growth trends, mobile internet adoption, devices, and industry financials from both a global and regional perspective.

“This first edition of the annual Global Mobile Trends report pulls together key data and analysis from GSMA Intelligence to present a comprehensive view of the megatrends shaping the global mobile ecosystem,” said Hyunmi Yang, Chief Strategy Officer at the GSMA. “In this year’s report we demonstrate evidence of a major shift in mobile to Asia, ... Read more »

ZURICH - Tuesday, October 4th 2016 [ME NewsWire]

    Aibel to take turnkey Engineering, Procurement and Construction responsibility for offshore platforms
    ABB to focus on delivering core high voltage direct current technology

(BUSINESS WIRE)-- ABB and Aibel today announced a strategic partnership to deliver state-of-the-art offshore wind integration solutions. ABB will focus on its proven high voltage direct current (HVDC) technology, while Aibel will take turnkey Engineering, Procurement and Construction (EPC) responsibility for the design, construction, installation and commissioning of the offshore platforms. The partnership will combine the core competencies of the two companies to deliver best-in-class solutions. The partners will collaborate on the design, engineering and optimization of offshore wind connections.

“We are proud to partner with Aibel to tap the vast opportunities of the ongoing Energy Revolut ... Read more »