Oct 182018
 
Grindr and MOSAIC Release New Survey Report, Capturing Experiences of GBTQ Community in Middle East and North Africa

Survey measuring experiences of Grindr users living in 21 territories show large majority reporting self-acceptance despite adversity Los Angeles & Beirut, Oct. 18, 2018 (GLOBE NEWSWIRE) — Grindr, the world’s largest queer mobile social network, in partnership with the …

Oct 182018
 
Committed to Support China’s Belt and Road Initiative, XCMG Wins Big in International Market

XUZHOU, China, Oct. 18, 2018 /PRNewswire/ — XCMG, China’s leading construction machinery manufacturer, is marking the fifth anniversary of China’s “Belt and Road” Initiative (BRI) with significant success in the global market, especially in the markets of the initiative’s participating …

Oct 092018
 
Cross Ocean Partners Closes its First US Special Situations Fund at $605 Million; Total Capital Commitments Across the Strategy Grow to $885 Million

GREENWICH, Conn., Oct. 09, 2018 (GLOBE NEWSWIRE) — Cross Ocean Partners, a global asset management firm, announced the successful final closing of Cross Ocean USSS Fund I (A), its US Special Situations (“USSS”) credit fund, on June 29, 2018.  The fund closed with total aggregate committed capital of c. $605 million, which brings aggregate capital commitments across the firm’s USSS strategy to c. $885 million. Commitments to the strategy came from a global investor base, represented by investors from North America, the Middle East and Australia, including public and private pension plans, insurance companies, family offices and a sovereign wealth fund, amongst others.  The USSS strategy focuses on investments in stressed and distressed corporate debt, primarily senior and asset backed instruments that offer more downside protection.  As of June 30, 2018, Cross Ocean USSS Fund I (A) has drawn c. 39% of its committed capital.  “We are delighted with the success of our first time fund in the US,” said Graham Goldsmith, Chief Executive Officer and co-Chief Investment Officer of Cross Ocean Partners.  “The firm is very pleased and grateful to have the support of existing Cross Ocean limited partners and develop relationships with new ones.  Our deployment rate has been steady, and we believe we have a strong pipeline of opportunities ahead.” About Cross Ocean Partners: Cross Ocean Partners is a global asset management firm focused on credit investments in a broad range of asset classes, including corporate loans and bonds, hard assets, commercial real estate, liquidations and structured [Read More…]

Oct 092018
 
Cross Ocean Partners Closes its First Aviation Fund at $438 Million

GREENWICH, Conn., Oct. 09, 2018 (GLOBE NEWSWIRE) — Cross Ocean Partners, a global asset management firm, announced the successful final closing of Cross Ocean Aviation Fund I on August 20, 2018, with total aggregate committed capital of c. $438 million. The Aviation Fund attracted a diverse investor base which includes private pension plans, insurance companies, endowments, charitable foundations and family offices, amongst others. The Aviation Fund focuses on investments in late life commercial aircraft and engines, globally with an emphasis on North America and Europe. As of September 30, 2018, the Aviation Fund has drawn c. 22% of its committed capital, and it has funded a series of acquisitions of commercial aircraft and engines. “We are delighted with the success of the fundraise for our first aviation fund,” said Graham Goldsmith, Chief Executive Officer and co-Chief Investment Officer of Cross Ocean Partners. “The firm is very pleased and grateful to have the support of existing Cross Ocean limited partners and develop relationships with new ones as it continues to broaden its investor base. Finally, the team is excited is about the opportunity set in the late life aviation market.” About Cross Ocean Partners: Cross Ocean Partners is a global asset management firm focused on credit investments in a broad range of asset classes, including corporate loans and bonds, hard assets, commercial real estate, liquidations and structured credit. As of October 1, 2018, the Firm has 47 employees globally, with offices located in Greenwich, Connecticut; London, United Kingdom; and Dublin, Ireland. [Read More…]

Sep 302018
 
Commercial Bank of Dubai Selects Glint to Drive Focus on Employee Engagement

Leading UAE Financial Services Firm Committed to a People-Centric Culture DUBAI, United Arab Emirates, Oct. 01, 2018 (GLOBE NEWSWIRE) — Glint, the people success platform that helps leading organizations increase employee engagement, develop their people, and improve business results, today announced that Commercial Bank of Dubai (CBD), a leading bank in the United Arab Emirates, has chosen Glint to deliver improved agility to its employee engagement strategy. Glint’s platform will help CBD increase employee engagement through frequent pulse surveys, as well as employee lifecycle, manager and team effectiveness surveys that will take employees just minutes to complete. Glint’s interactive dashboards will automatically analyze employee data and deliver results, recommendations, and suggested actions in real time. “The financial services industry is rapidly changing and becoming more digital in its product and service offerings. In order to respond to these changing demands our employees must be fully engaged and committed to our goal of creating a high performance culture,” said Gareth Powell, Chief Human Resources Officer, Commercial Bank of Dubai. “Glint’s people success platform represents the very best technology to equip our organization to understand the employee experience and take the right actions to improve engagement and performance. Their technology and expertise will give us an important foundation for supporting our employees to deliver on the bank’s ambitious goals through to 2020.” “Commercial Bank of Dubai is committed to fostering a high-performance culture and sees the implementation of an agile employee engagement process as essential to support this effort,” said Scott Sinatra, [Read More…]

Sep 302018
 
Strong Regional Growth in Demand for Graduate Management Education

Asia-Pacific, Canada and Europe Regions See Gains; Strong Economy and Political Turmoil Continue to Impact U.S. Numbers RESTON, Va., Oct. 01, 2018 (GLOBE NEWSWIRE) — Overall, demand for graduate management education is stable in 2018 compared with 2017 according to findings of the annual Application Trends Survey from the Graduate Management Admission Council. Applications to business school programs in the Asia-Pacific, European, and Canadian markets are up over 2017 while programs in the United States report a drop in volume.  Across graduate business school program types—including MBA, business master’s, and PhD programs—most programs in Asia-Pacific, Canada and Europe received more applications than last year. Growth in the Canadian and European regions derive largely from increases in international applications, while domestic growth is fueling increases in Asia-Pacific. Regionally, strong growth in application volume across all program types was offset by declines in the United States.  Programs in Asia-Pacific had an 8.9% increase, Canada realized 7.7% growth, and Europe had a 3.2% increase in application demand across all program types. The United States experienced a nearly 7% decline, including a 1.8% decline in domestic application volume and a 10.5% drop in international volume across all program types. “Demand for graduate management education is stable year over year,” said Sangeet Chowfla, GMAC president and CEO.  “However, there are significant regional variations. Non-U.S. programs continue to thrive, highlighting the continued emergence of enhanced educational and professional opportunities outside the United States.” “Several factors can help explain the lag in U.S. business school demand,” Chowfla continued.  [Read More…]

Sep 242018
 
Bombardier CRJ Series Certified for Higher Maintenance Intervals

MONTREAL, Sept. 24, 2018 (GLOBE NEWSWIRE) — Bombardier Commercial Aircraft announced today that the Federal Aviation Agency (FAA) has granted approval for the maintenance intervals escalation of the CRJ700, CRJ900 and CRJ1000 aircraft. The line maintenance interval (A-check) is extended to 800 flight hours, and the heavy maintenance interval (C-check) at 8,000 flight hours. “With the longest maintenance intervals on the regional jet market, the CRJ aircraft family continues to deliver more value to operators, along with its excellent reliability and its proven outstanding operational capability”, said Charles Comtois, Head of CRJ Series Program, Bombardier Commercial Aircraft. “We are thrilled that our operators are benefitting from our continuous improvement mindset as with this evolution, the CRJ Series operators can now take advantage of 14 per cent less maintenance days, meaning more days of revenue flying.” The maintenance intervals have doubled since the launch of the CRJ aircraft family. The new maintenance intervals are applicable for new production deliveries as well as all CRJ700, CRJ900, and CRJ1000 aircraft in service. About Bombardier With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety. Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock [Read More…]

Sep 242018
 
Seclore Offers the First Open Data-Centric Security Platform

Easily leverage best-of-breed data protection solutions and existing Enterprise systems for an automation-first approach to data protection and tracking MILPITAS, Calif., Sept. 24, 2018 (GLOBE NEWSWIRE) — Seclore, providers of the industry’s first browser-based Rights Management solution, today announced the release of Seclore’s Data-Centric Security Platform (DCSP). A first-of-its kind platform, it is designed to give customers an open, integrated and automated Data-Centric Security approach to discover, identify, protect and track sensitive data.  The automation and agility of the platform enables organizations to remove the limitations of point solutions while increasing the security of sensitive data. At the core of the Seclore DCSP, is the Seclore Unified Policy Manager, the central engine for orchestrating policy management, identity federation, and usage data consolidation. Learn more about the Seclore Data-Centric Security Platform “As data grows exponentially and is stored and shared within and outside the organization, there is no ‘one-security-tool-fits-all’ to protect data. The Seclore DCSP solves the data protection challenge by giving organizations the ability to connect best-of-breed Data Loss Prevention, Data Classification, Rights Management and Data Analytics solutions with the organization’s existing Enterprise systems such as ECM, ERP, EFSS, eMail, SIEM and more, to optimize security and tracking of sensitive data,” said Vishal Gupta, CEO of Seclore. The Seclore DCSP synchronizes four areas of the Data-Centric Security process: Discovery:  Discover and automatically protect sensitive documents with granular usage controls using Seclore Connectors for DLP and Seclore Rights Management. Identification:  Determine what data is sensitive with Seclore Data Classification powered by [Read More…]

Sep 212018
 
Virgin Hyperloop One Chooses the Royal Kingdom of Saudi Arabia as Site of Upcoming Global Promotional Film

Jeddah chosen as principal Mideast location for groundbreaking filming initiative by Virgin Hyperloop One Engagement to display how hyperloop would promote Saudi economic and social modernization in concert with Vision 2030 ideals LOS ANGELES, Sept. 21, 2018 (GLOBE NEWSWIRE) — Virgin Hyperloop One, the California-based hyperloop company that is leading the revolution in mass transportation, has chosen Jeddah as the principal site for the Middle Eastern segment of a global promotional campaign to air later this fall.  The film will highlight the future of mobility, environmental sustainability, and human connectivity through the transformative proprietary technology. “We are privileged to further deepen our close relationship with the Kingdom in choosing Jeddah as the Mideast site of this major campaign,” said Josh Giegel, the Co-Founder of Virgin Hyperloop One.  “Jeddah is an up-and-coming modern urban center in the region and is setting high standards to achieve the objectives of Vision 2030.  We know there is a bright future for Saudi Arabia, already evidenced in our partnership with the Prince Mohammed bin Salman bin Abdulaziz Foundation ‘MISK’ to collaborate with young & talented Saudis about how our cutting-edge technology can transform the world.” With such popular filming locations in the United Arab Emirates to represent Mideast modernization, the choice of Jeddah highlights the company’s belief in the socio-economic advances of the Kingdom and the ideals of Vision 2030.   The Vision is the landmark blueprint authored by HRH Crown Prince Mohammad bin Salman bin Abdulaziz to provide a new foundation of growth, prosperity and highly [Read More…]

Sep 212018
 
Bombardier Delivers First 90-seat Q400 Aircraft to SpiceJet

SpiceJet becomes the first airline to take advantage of the Q400 aircraft’s increased profit potential TORONTO, Sept. 21, 2018 (GLOBE NEWSWIRE) — Bombardier Commercial Aircraft today announced the delivery of its first 90-seat Q400 aircraft. The aircraft was handed over to India’s SpiceJet Limited (“SpiceJet”) the launch operator for the extra-capacity, 90-seat aircraft. “We are excited to induct the 90-seat Q400 aircraft into our fleet,” said Ajay Singh, Chairman and Managing Director, SpiceJet. “The additional seats and performance improvements will result in substantial reduction in unit costs and also we will enable us to address our market needs in the regional space.” “The delivery of the first 90-seat Q400 aircraft showcases the commitment of Bombardier’s Q Series turboprop program to respond to customer requirements as they address traffic growth in regional markets,” said Todd Young, Head of the Q Series Aircraft Program, Bombardier Commercial Aircraft. “I thank and congratulate the employees and suppliers who have worked tirelessly to deliver this most recent enhancement to the Q400 aircraft, and I also thank our customer, SpiceJet for its strong support and collaboration in this continuous improvement program.” “This is a very important milestone for the Q400 aircraft program because the 90-seat option demonstrates the increased profitability potential that this unique turboprop has to offer,” said Colin Bole, Senior Vice President, Commercial, Bombardier Commercial Aircraft. “The increased passenger capacity allows 15 per cent reduction of seat cost compared to the previous standard Q400 aircraft and provides an enormous benefit for airlines. We are [Read More…]