medNews

GOVERNMENT OF MALTA "DISDAIN AT THE ALLEGATIONS BY SALVINI"

“In response to Italian Deputy Prime Minister Matteo Salvini’s claim regarding the alleged unfulfilled voluntary reallocation pledges by EU member states, the Government of Malta wishes to remind that several days prior to this case in question, Malta had coordinated the first example of intra-EU voluntary reallocation from the Lifeline vessel. From the Lifeline, Italy had pledged to take 50 migrants from Malta”, the Government of Malta declares in a official statement.

“When this second case occurred, and Italy requested support for a voluntary intra-EU reallocation of these migrants, Malta was the first nation to respond by pledging to take from Italy the same amount it had earlier pledged to take from Malta in the Lifeline case – the Government of Malta adds -. After several requests from Malta, when the Italian and Maltese experts eventually got together to decide the modalities to fulfil these pledges it was agreed that since both countries had agreed to take the same amount from each other and since these migrants are human beings who had already suffered a difficult crossing and rescue, that rather than have them undergo another voyage to another state, each country would retain 50 and thus fulfil its pledges by cancelling each other’s pledge.  Therefore, Malta retained the 50 from the Lifeline that should have been transferred to Italy and Italy retained 50 from the Pozzallo case that should have been transferred to Malta”.

The Government of Malta expresses “disdain and surprise at the inaccurate allegations by Minister Salvini”. Malta also reminds that “DG Home, who was coordinating the modalities of these voluntary reallocation initiatives, considers both Malta and Italy to have fulfilled their pledges to each other”. The Government of Malta invites “the Government of Italy to revise its statistics and refrain from repeating unfounded claims”.

(ITALPRESS/MNA)


Source: medNews

EGYPT'S TOTAL PUBLIC INVESTMENTS RECORD

Egypt’s total public investments during the first quarter of the 2018/2019 fiscal year have registered EGP 80 billion, with government investments of about EGP 27.4 billion, Minister of Planning, Monitoring and Administrative Reform Hala El Saeed said Saturday.

Most of the government investments have been directed to develop infrastructure.

A total of 18 percent of these investments have been allocated to the sector of construction and public utilities, while the transport sector and electricity sector have been provided with 13 percent and 11 percent of the investments respectively.

In addition, 7 percent of these investments were directed to the health and education sectors with public investments exceeding EGP 5 billion.

The minister stressed the state’s keenness on supporting SME sector by implementing the CBE’s initiative to allocate EGP2 billion to finance small and medium-sized enterprises, as well as increasing the Upper Egypt-allocated investments to EGP 26 billion compared to EGP 22 billion in previous years.

Egypt has achieved positive growth rates in all economic sectors, driven by the leading the growth of foreign direct investment sector.

The industry sector’s vital role in achieving sustainable development and applying Egypt Vision 2030.

Source: Al Ahram Online.

(ITALPRESS/MNA)


Source: medNews

SYNDIAL, PILOT PLANT BEGINS TRANSFORMING ORGANIC WASTE INTO BIO-OIL

Syndial, Eni’s environmental services company, begins operating at its pilot plant at the the Gela refinery. The plant transforms Organic Fraction of Municipal Solid Waste (OFMSW) by recycling it into bio-oil, which can then be used to produce next-generation fuels. The plant represents the first milestone in a process driven by Eni’s own research and launched with the development of the proprietary waste-to-fuel technology created by Eni’s Renewable Energy and Environmental R&D Center in Novara.

Through waste-to-fuel technology, the process of converting biomass into energy can be completed in just a few hours with a low environmental impact. Additionally, the technology generates a byproduct that is a precious and increasingly scarce resource: water, for both civil and industrial usage. Wet waste is exploited not only by producing bio-oil and biomethane, but also by recycling and treating its water content, which is around 70%, in a system which will provide great benefits for society.

Through these operations, Eni is putting in place another major pillar for a strategy characterised by an integrated circular economy model. Following the completion of the pilot phase, Eni will build waste-to-fuel plants on an industrial scale, which will eliminate a great amount of organic waste through reuse and provide significant environmental benefits to large urban areas in Italy and abroad. 

The activity at the Gela plant will enable Eni to gather the data needed to inform the design of future plants. The Gela pilot plant has a bio-oil production capacity of approximately 70 kg per day and is supplied with 700 kg of organic waste per day by SRR, a waste management company in Ragusa.

The waste-to-fuel project is a tangible example of Eni’s integrated circular economy model in action. In addition to repurposing reclaimed or disused sites, Eni extracts value from raw materials found in waste by transforming them into new energy materials with zero impact on the food chain. Simultaneously, Eni makes a contribution to the areas where it operates by offering support to the municipal waste disposal system.

(ITALPRESS/MNA)


Source: medNews

SPARKLE, NEW TALENTS FOR MEDITERRANEAN HUB OF THE FUTURE

Sparkle, the International Services arm of the TIM Group and among the top ten global operators, strengthens its ICT innovation skills by welcoming on board twelve young STEM graduates in South Italy and in particular in its offices in Palermo and Catania.

Within the ICT and Network divisions, the Telecommunications and IT engineers will manage the transmission platforms to support Sparkle’s network and submarine cable systems, as well as control the infrastructures and platforms for automation, programmability and virtualization of network functions.

The new recruits successfully completed a training period focused on assurance processes and transmission services, specializing in various installed technologies, in line with the transversal approach required by the international market.

Via the two poles of Palermo and Catania, Sicily has been a strategic area for Sparkle for years, confirming its vocation as Mediterranean Hub, the heart of technological innovation and the main gateway for Internet traffic between Europe and Africa, the Middle East and Asia.

Palermo hosts the Sicily Hub, a neutral data center that is emerging as the main hub for Internet traffic in the Mediterranean thanks to its proximity to North Africa and the Middle East and its connectivity to all cable landing stations in Sicily.

Sicily Lab is the hyper-converging data center and technology innovation laboratory in Catania. It has recently contributed to the success of Sparkle, awarded for two cutting-edge projects during MEF 2018, the leading industry meeting dedicated to the development of innovative technologies for international connectivity.

The specialized training of new employees is part of the broader Global Training Program dedicated to partners, operators and service providers, that Sparkle has been carrying out for several years and which in 2019 will be further expanded with new initiatives in collaboration with institutions based in Sicily.

(ITALPRESS/MNA)

 


Source: medNews

MALTESE MP PARTICIPATES IN FERRARI EXHIBITION

Within the framework of “Palermo Capital of Culture 2018”, a show of about thirty models of the Prancing Horse took place in the Sicilian capital, promoted by the Scuderia Ferrari Club Palermo and San Vito Lo Capo and presided over respectively by Alessandro Li Muli and Roberto Leone.  The Major Leoluca  Orlando took part in the event, together with the municipal councilor Giulio Cusimano and, in representation of the Government of Malta, the Parliamentary Secretary for the Protection of Consumers in Valletta, Deo Debattista. The two chairmen of the Scuderia Ferrari Club have given the souvenir plates to the Maltese guest.

(ITALPRESS/MNA)


Source: medNews

TUNISIA, RECORD IN FOOD EXPORT

Positive signs come from Tunisian food exports, which show an increase of 63% in the first six months of 2018, compared to the same period of last year.

According to data published by the Ministry of Agriculture, Hydroelectric Resources and Fisheries, olive oil is the driving force behind the sector, which has seen an increase in exports: 80.4 thousand tons for an estimated value of 776.9 million dinars compared with 26.4 thousand tons in 2017 for a value of 233.3 million dinars. Olive oil confirms itself to be one of the protagonists of Tunisian exports, representing 15% of the total value of total agricultural production.

The exports of dates and fish products also contributed to this positive result, which grew by 60% and 34% respectively in the same period of reference.

(ITALPRESS/MNA)


Source: medNews

ESSO AND SONATRACH COMPLETE TRANSACTION FOR AUGUSTA REFINERY

Esso Italiana, a subsidiary of ExxonMobil, and Sonatrach Raffineria Italiana S.r.l. said today that they have completed their transaction announced earlier this year for Esso’s Augusta refinery, three fuel terminals in Augusta, Palermo and Naples, and associated pipelines. Esso’s former assets have been formally transferred to Sonatrach Raffineria Italiana, a new fully owned Sonatrach Italian subsidiary.

ExxonMobil has also entered into a variety of multi-year agreements with Sonatrach for technical support, refinery products, operations, and use of the Augusta, Palermo and Naples terminals.

The transaction does not affect Esso branded retail stations, fuels and lubricants customers or distributors, or ExxonMobil’s other operations in Italy.

(ITALPRESS/MNA)


Source: medNews

ISRAEL, USD 60 MILLION FOR INVESTMENTS IN ANGOLA

The State of Israel has 60 million US dollars to invest in various sectors in Angola, in particular in the construction of a solar power plant in the province of Benguela, to fill the local deficit in terms of production and distribution. This information was released in Benguela by the ambassador in Angola, Oren Rosenblat, speaking to the press, after a courtesy meeting with the governor of the province, Rui Falcão, underlining that the construction of this plant comes in response to a request from local authorities. According to Oren Rosenblat, the province of Benguela experiences irregularities in the production and distribution of electricity, for the development of this part of the country, in particular its industrial park, hence the realization of the solar power plant initiative, in the near future.

As mentioned, the infrastructure, with a capacity to produce 50 megawatts, will be built by Israeli entrepreneurs, as part of a project that the state has developed over the last five years for the sustainable growth of African countries, especially in remote locations and for populations that do not have energy from the national network. On the other hand, he stressed that Israel’s priority in Benguela essentially lies in the agricultural sector, since the 10 municipalities in the province have excellent areas for agriculture.

“Our primary objective is to contribute to the expansion of the agricultural sector, through technical exchange, taking into account the great agricultural potential of the region, whose foundations are based on family farming, to encourage the participation of the private sector in feasible projects outlined by the government, due to the scarcity of financial resources, “he said.
Incidentally, he reported that the State of Israel has already invested USD 300 million in the agro-livestock sector in Angola, since 2014.

“We want to establish cooperation with the Government of Benguela in agriculture and energy, such as those already established in different provinces, where farms built by Israel are successfully advancing, thus ensuring food security in those areas,” he said. Asked about the importance of the Lobito Corridor, he said that its development necessarily implies an increase in the volume of internal investments. From his point of view, in the African continent there is a problem since “entrepreneurs prefer to invest outside their countries”, he said.
For Oren Rosenblat, the increase in investments in the Lobito Corridor is crucial for the future of the economies of Angola, the Democratic Republic of the Congo and Zambia, a process where the Benguela Railway will play a leading role.
(ITALPRESS/MNA).


Source: medNews

TUNISIA, OVER 2 BILLION DINARS FOR OLIVE OIL EXPORTS

Exports of Tunisian olive oil generated revenues of 2.14 billion dinars and 215 thousand tons at the end of October 2018, according to the figures presented by the Ministry of Agriculture, Water Resources and Fisheries, knowing that during the 2017/2018 season, olive oil production reached about 325 thousand tons, compared to 100 thousand tons of last season.

Also according to these figures, production reached 1.6 million tons of olives, which generated 325 thousand tons of oil. For comparison, last season’s olive production reached 500 thousand tons per 100 thousand tons of oil.

The exports of olive oil performed well, too, with an evolution of 156%, in value and 147% in volume.

It should be noted that the European market absorbs 70% of Tunisian exports. Between January 2018 and October 7, 2018, 44,000 tons were authorized for export under a quota (56,700 tons) established with the European Union (EU), were exported to Europe.

(ITALPRESS/MNA)


Source: medNews

MALTA, EU ASKS TO INTENSIFY SUPERVISION OF BANKS

The European Commission asked the European Banking Authority (EBA) to conduct a survey which found that the Malta Financial Intelligence and Analysis Unit (FIAU) was violating EU legislation. The European Commission has therefore formulated a formal opinion requesting the Maltese Anti-Money Laundering Supervisory Authority (Financial Intelligence and Analysis Unit) to take a series of precautions including improving its risk assessment methodology for money laundering and financing. terrorism, strengthen its control and monitoring strategy by aligning resources with the risk presented by some recycling institutes, ensure that the authority is able to react quickly to any identified shortcomings, including  through the revision of its sanctioning procedures, to ensure that its decision-making process is adequately motivated and documented, to adopt systematic and detailed registration procedures for non-site inspections. Valdis Dombrovskis, Vice-President responsible for Financial Stability, Financial Services and Capital Markets Union, said “the EBA will be given the tools and additional resources needed to ensure effective cooperation and convergence supervision. I trust in the cooperation of the European Parliament and the Council to make this proposal immediately a legislative act”. 

 


Source: medNews

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