Digital payments could boost tax revenue by nearly $500m annually in Tanzania, finds new UN study

23/09/2016 / UN / africa / development / digital / fintech / news / payments / study

Many emerging economies are grappling with how to modernize their economies, improve transparency, drive sustainable growth and advance financial inclusion. A new from the United Nations-based Better Than Cash Alliance provides findings on Tanzania’s digital payment initiatives that reveal the large potential gains for governments, businesses and citizens when digitising payments.

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China and Nigeria top list for crude refining capacity expansions up to 2020

23/09/2016 / Asia / China / GlobalData / Nigeria / crude / energy / fuel / news

China and Nigeria have the most planned crude distillation unit (CDU) capacity for the next four years. According to the latest announcements, refining operators in those two countries will spend an estimated US$84 billion; and their combined CDU capacity would increase by 3.16 mmbd should all projects be realised, said analyst GlobalData.

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Energy sector IT professionals overconfident in ability to detect cyber attacks

19/09/2016 / IT / attacks / cyber / energy / gas / news / oil / power / technology

According to the US Department of Homeland Security, the energy sector faces more cyber attacks than any other industry, yet a new study released today by Tripwire, Inc. – a leading global provider of security and compliance solutions for enterprises and industrial organisations – suggests that IT professionals in the energy sector have a misplaced confidence, believing they could detect configuration changes to endpoint devices on their organisation's network within hours.

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ADNOC joins as host SPE Annual Technical Conference and Exhibition

19/09/2016 / ADNOC / ATCE / Dubai / SPE / UAE / energy / engineering / engineers / event / gas / news / oil / petroleum / technical

The Society of Petroleum Engineers (SPE) is pleased to announce that the Abu Dhabi National Oil Company (ADNOC) will be the host organisation of this year’s SPE Annual Technical Conference and Exhibition (ATCE). ATCE will take place in Dubai from 26–28 September under the patronage of the Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum.

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