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The FINANCIAL -- BP, together with the Ministry of Oil & Gas of the Sultanate of Oman, on September 25 announced that production has begun from the giant Khazzan gas field, which is operated by BP in partnership with Oman Oil Company Exploration and Production.
The FINANCIAL -- Only two in five people (42%) are confident about recognising the changes to their breasts that could be a sign of cancer, according to a new survey of 19,000 respondents by Avon Products, Inc., the world's leading social selling company.
The FINANCIAL -- Amazon Web Services (AWS), an Amazon.com company on September 25 announced that it plans to open an infrastructure region in the Middle East by early 2019.
The FINANCIAL -- Philipp Bardas will take over as Head of the Vienna Insurance Group (VIG) General Secretariat on 1 October 2017.
The FINANCIAL -- The prospect of an AI future both excites and concerns consumers around the globe. But fears around the drawbacks of AI are offset by the benefits, so the net result is positive. Many believe that AI will change society for the better. The machines are expected to eventually learn how to outsmart humans and become super intelligent. Meanwhile, adoption of AI in Georgia remains low. Georgian authorities are being advised to focus on the development of AI, which is the future of economic growth.
The FINANCIAL -- European Georgia – Movement for Freedom mayoral candidate for Tbilisi, Elene Khoshtaria, has spoken about the possibilities of increasing pensions in Tbilisi (at the expense of cutting bureaucratic expenditures at Tbilisi City Hall) on air on TV Pirveli and underscored specific money saving activities. Ms Khoshtaria stated: “For instance [at Tbilisi City Hall,] fuel expenses have increased eightfold whilst furniture expenses have doubled.”
The FINANCIAL -- After the eight-month long trend of GEL appreciation, Georgia’s national currency depreciated again vis-à-vis USD in September 2017. The Minister of Finance of Georgia, Dimitri Kumsishvili, assessed the GEL depreciation as a temporary, seasonal event.
The FINANCIAL -- Georgia’s annual growth rate for 2017 looks set to reach (or even exceed) the Georgian government’s 4% target. According to the preliminary statistics released by GeoStat, Georgia’s real GDP growth was 4% year over year (YoY) in Q2 2017. Based on this data, the ISET-PI forecast model predicts a 5.1% GDP growth in 2017.
The FINANCIAL -- In August 2017, FRUIT prices were 7.6% higher compared to the same month of 2016, and this was the first case in 2017 when year-to-year changes were positive. In August month-to-month changes became positive too and the FRUIT sub-index rose by 2.3%.
The FINANCIAL -- Unilever announced on September 25 that it has agreed to acquire Carver Korea, a leading skincare business in North Asia, for €2.27bn, from Bain Capital Private Equity and Goldman Sachs.
The FINANCIAL -- U.S. President Donald Trump says North Korea's Foreign Minister Ri Yong Ho and leader Kim Jong Un "won't be around much longer" if a speech Ri gave at the United Nations on September 23 echoes the thoughts of the country’s leadership.
The FINANCIAL -- Pakistan and India are trading accusations of state-sponsored terrorism against each other at the UN General Assembly in New York.
The FINANCIAL -- U.S. President Donald Trump says Iran’s test-launch of a new ballistic missile shows a landmark nuclear deal over the issue is questionable and that the Middle Eastern country is colluding with North Korea.
The FINANCIAL -- Moldova’s opposition Socialist Party says it is launching a campaign to increase the powers of the president and turn the country’s current parliamentary system of government into a presidential one.
The FINANCIAL -- Voters in Iraq's autonomous Kurdish region have begun casting ballots in an independence referendum, despite threats from Baghdad that it would fight to retain Iraq’s unity, including cutting off vital oil revenues.
The FINANCIAL -- The global medical technology (medtech) industry grew by 5% in 2016, a pace last seen before the financial crisis. This strong performance was fueled by mergers and acquisition (M&A) and portfolio optimization strategies, as well as continued focus on capital efficiency and research and design (R&D) investments, according to Pulse of the industry, the 2017 EY medical technology industry report.
The FINANCIAL -- Economy
The FINANCIAL -- On September 22 Conagra Brands, Inc. announced that it has entered into a definitive agreement to acquire Angie's Artisan Treats, LLC, the maker of Angie's BOOMCHICKAPOP ready-to-eat popcorn, from TPG Growth, the middle market and growth equity platform of alternative asset firm TPG.
The FINANCIAL -- Romanian President Klaus Iohannis has canceled a visit he had planned to Ukraine in October in protest against language legislation recently adopted by Ukrainian lawmakers.
The FINANCIAL -- Advisory firm JLL summarizes H1 2017 on the office market in Kraków, according to JLL.