Decision-makers seek a real financial return

first_imgINTRO: IRCA Secretary-General Antoine Martens briefed Murray Hughes on the aims of the XXVIIth IRCA-UIC Congress in MarrakechINTRO: XXVIIth IRCA-UIC Congress, Marrakech, October 6-10WHEN THE world’s most senior railway executives gather in the Moroccan city of Marrakech this month they bear a heavy responsibility. Railways everywhere are undergoing the most far-reaching structural changes in their history as governments press them to stop spending taxpayers’ money. The Marrakech event presents the opportunity to set an agenda for the next five to ten years that could lead to the railways gaining the independence they crave and put them on course to make a real financial return.Not for nothing has the International Railway Congress Association picked the theme ’The Rail Mode: from Economic Necessity to Financial Return. Although the IRCA is bound by statute not to take a particular stance – partly because it counts 27 governments among its members, it is conscious of the need to steer strategic thinking towards what only a few years ago would have been inconceivable. It is a non-profit organisation, and other members include 97 railways and 14 organisations such as the Association of American Railroads and the Association of Latin American Railroads. There are also 10 associate members from the industrial sector.Three sub-themes for the congress are intended to persuade delegates to tackle specific strategic subjects:last_img read more

ADNOC in $4B pipeline investment deal with BlackRock, KKR

first_imgAbu Dhabi’s ADNOC has signed a multi-billion-dollar pipeline infrastructure partnership with KKR and BlackRock, two of the world’s leading institutional investment funds.As part of the transaction, a newly formed entity called ADNOC Oil Pipelines will lease ADNOC’s interest in 18 pipelines, transporting stabilized crude oil and condensate across ADNOC’s offshore and onshore upstream concessions, for a 23-year period.The entity will, in turn, receive a tariff payable by ADNOC, for its share of volume of crude and condensate that flows through the pipelines, backed by minimum volume commitments.Funds managed by BlackRock and KKR will form a consortium to collectively hold a 40% interest in the entity, while ADNOC will hold the remaining 60% majority stake. Sovereignty over the pipelines and management of pipeline operations remain with ADNOC.The transaction will result in upfront proceeds of approximately $4 billion to ADNOC and is expected to close in Q3 2019, subject to customary closing conditions and all regulatory approvals.“BlackRock and KKR’s long-term investment underlines the attractiveness of Abu Dhabi and the UAE as a rapidly emerging investment destination for international capital. This transaction marks the first time that leading, global institutional investors have deployed capital into key midstream infrastructure assets of a national oil company in the Middle East,” ADNOC said.As part of the deal ADNOC Oil Pipelines is leasing 18 pipelines of a total length of over 750km, and a total aggregate capacity of approximately 13,000 Mbblpd (gross).According to ADNOC, these assets represent key midstream infrastructure for Abu Dhabi’s energy ecosystem, allowing for the vast majority of Abu Dhabi’s crude oil production to be transported from ADNOC’s onshore and offshore upstream assets, to Abu Dhabi’s key takeaway outlets and terminals for conversion to other products, or on to global energy markets.Most importantly, this transaction marks a milestone for ADNOC and Abu Dhabi as it paves the way for further significant foreign direct investment into the UAE,” Sultan Al Jaber, UAE Minister of State and ADNOC Group CEOThe pipelines have underlying long-term minimum volume commitments and are supported by crude oil production from ADNOC Onshore and ADNOC Offshore –  onshore and offshore operating companies in ADNOC with global IOCs as JV partners, each with an average remaining concession life of over 35 years.Commenting on the transaction, Sultan Al Jaber, UAE Minister of State and ADNOC Group CEO, said: “The level and sophistication of the investors that we are attracting as financial partners to invest, alongside ADNOC, in these select pipeline assets is a clear reflection of the UAE’s stable, attractive and reliable investment environment. It also demonstrates the global investment community’s validation of ADNOC’s progressive and smart approach to unlocking value from its portfolio of assets while retaining control over their ownership and operation.”“This transaction is another example of the innovative steps we are taking to constantly optimize our assets and capital and deliver sustained value to both ADNOC and the UAE. We are creating a range of attractive opportunities for global and regional institutional investors to partner and invest alongside ADNOC to enhance value from our sizeable infrastructure base, drawing on our expertise in structuring and packaging value-enhancing partnership programs that preserve Abu Dhabi’s ownership and control of its assets. Most importantly, this transaction marks a milestone for ADNOC and Abu Dhabi as it paves the way for further significant foreign direct investment into the UAE.” Henry Kravis, Co-Founder, Co-Chairman and Co-CEO of KKR, said:  “We have created an innovative core midstream infrastructure platform alongside ADNOC and BlackRock that can be a catalyst for further foreign investment and broader economic transformation in the United Arab Emirates. Having long had a presence in the region, we appreciate the high quality of ADNOC as a partner and Abu Dhabi’s investor-friendly environment to enable our first direct investment in the region. With this transaction as a precedent, we believe there is substantial potential to do even more.”“For many years BlackRock has had strong relationships in the United Arab Emirates and across the region, so we are especially pleased to be able to play a role in this landmark transaction,” said Laurence D. Fink, Chairman and CEO of BlackRock. “Public-private partnerships are essential for investment to drive continued economic growth in the region, and we believe that today’s agreement among ADNOC, BlackRock and KKR will be followed by many more such partnerships to invest in the future growth of the region.”last_img read more

Franklin County Resident Arrested for Prescription Forgery

first_imgFRANKLIN COUNTY, Ind. — 1 person was arrested on multiple counts of Prescription forgery.The Franklin County Sheriff’s Department initiated an investigation, after a complaint was made by the Brookville Family Dentistry.During the investigation, the Sheriff’s Department discovered that Jessica Andre, 29, of Brookville, an employee of the practice, was prescribing herself Oxycodone under Dr. Michael Bent’z practice.Andre was arrested on 18 counts of Obtaining by Fraud; Forged Prescriptions.She faces up to 2 and a half years in prison, and up to a $10,000 fine.last_img

ICC World Cup Ravi Shastri handpicked two teams to watch out for in showpiece event

first_img For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps. highlights India will play their first game against South Africa on June 5. Kedar Jadhav’s availability is still doubtful. Virat Kohli will lead Indian team into the World Cup for the first time. Shastri said a team can’t pre-plan for a big event like the World Cup and the four years leading up to the tournament is the time to prepare.”In these big tournaments…. You go with the flow, you react spontaneously to different situations and the four years that have gone in between the World Cup, that’s what prepares teams,” he said. The former captain rates West Indies and Australia, the two teams to watch out for in the showpiece event. “When they (West Indies) were in India I said we might have beaten them but we had a tough series and they played some excellent cricket. And I said that at the given time, there was no (Chris) Gayle, there was no (Andre) Russell in that side,” Shastri said. “I said watch out for this side, they have serious talent and I was very happy about that. Because you have played in the glory days of West Indies against some of the best players to have played the game and then the country has gone through some real debacles. “The power hitting there is something that no team comes close. When it comes to the sheer ability to hit sixes, they are way up the ladder there.”Talking about defending champions Australia he added: “You would expect that from Australia.They have won more World Cups than any other team in the last 25 years. There is never an Australian team which is not competitive. “And now they have got all their players back and they seem to be in pretty good form but then again in the World Cup it is that given day,” Shastri said. (With Inputs: PTI) New Delhi: India are a flexible side with enough ammunition in their arsenal going into the ICC Cricket World Cup 2019, believes head coach Ravi Shastri, making it clear that combinations would depend on conditions. When Vijay Shankar was picked in the 15-man squad, it was largely perceived that the Tamil Nadu all-rounder could bat at crucial number four position but Shastri said there is not one player, who is certain to play in that position and says that anyone can bat anywhere.    “We are a flexible team. It’s horses for courses, we have got enough ammunition. We have got enough players who can bat at 4. So, I am not really worried about that,” Shastri said.”I think we have got all bases covered. Last thing you want is passengers on the tour. You want to have in those 15 players … who can play anytime, at any given time. If there is a major injury to a fast bowler, there will be a replacement almost straight away,” he said in an interview with CricketNext. The ICC ODI World Cup will be played in the England and Wales from May 30 to July 14.All-rounder Kedar Jadhav suffered an injury during then IPL, where key wrist spinner Kuldeep Yadav’s lack of form also came under the scanner but Shastri said, “it doesn’t worry me at all.” “In-fact I am totally blanked out from that. When the flight takes off on the 22nd May we will see who are the 15 on that and just take it from there. Luckily in Kedar’s case, there is no fracture so we will wait and watch. There is still time so it should be ok,” he said.last_img read more

SCA likely to get two additional playing facilities

first_img…president describes 2017 as memorable and defining yearBy Frederick HalleyTORONTO, Canada – Over the past two seasons, the Scarborough Cricket Association (SCA) has been severely handicapped with the unavailability of the Ellesmere playing facility, which consists of three playing fields.This is due mainly to infrastructural works being carried out at the venue by the Toronto City Council officials and the likelihood of the SCA getting the use of the grounds for the 2018 seeming very remote.However, through the efforts of Councillor Jim Karygiannis of Scarborough-Agincourt, efforts are in train to allocate two new playing fields, adjacent to each other in the Scarborough area.Karygiannis made the disclosure at last Saturday night’s 37th annual presentation and gala, held at the Eastown Banquet Hall, Scarborough.Karygiannis’ announcement was greeted with loud applause from those present at the impressive ceremony. Representatives from both the council and the SCA are scheduled to visit the site in the near future to check on the feasibility.Meanwhile, in his message delivered at the function, Karygiannis applauded the hard that had gone on into making the event possible. In extending his greetings, he pointed out that “one of Toronto’s greatest strengths is our diversity, which helps us achieve great things when we come together with our international partners.”Member of Parliament for Scarborough Centre, Salma Zahid, who was also present at the occasion, posited that “your efforts are admirable and a credit to our community.”SCA president, Guyanese-born, Shiv Persaud, described 2017 as “a memorable and defining year in which the association underwent several changes to enhance the level of competition, providing a pathway for our players to achieve provincial and national opportunities to further their cricketing career and advance our use of innovative technology.”Persaud said the SCA was fortunate to experience unimaginable weather in September which led the way for keenly a contested finals and a larger than normal spectator turnout. For example, our Elite final between Hawaiian Arctic and Highland Creek “A”,was a true test of grit and character, in what was a fierce battle on a scorching hot day that saw Highland Creek “A” emerging victorious.“As a result, spectators were treated to sublime batting and bowling performances. Highland Creek went on to have a record year in the SCA, by also claiming the Premier Championship crown and runner-up in the T20 final, thus becoming only the first club to accomplish such a feat in a single season.”The SCA president also disclosed that the association became a member of Cricket Ontario, the Provincial Sports Organisation for Cricket in Ontario and a body recognised by Cricket Canada, the National Sports Organisation for Cricket in Canada.“This was a step taken to ensure our players, especially the women and juniors were being recognised at the highest level possible. As such we had eight players who represented SCA at the Cricket Ontario Central T20 competition and six players at the Junior level. We are anxiously expecting the planning and development meetings for the women players as we move forward to 2018.”Commenting on the new initiative undertaken by some teams, Persaud pointed out that “we understand that technology is improving to allow for real time scoring, comprehensive record keeping and for establishing a presence on social media.As such, we had games for the first time in the association that was being scored live online and available for a wider platform of supporters to follow. Although we have experienced positive feedback, this is still an area that we continue to work on diligently as there are improvements to be made.”Persaud also applauded the generous sponsors who he said continued to make a positive impact for the sport of cricket and building stronger communities through their philantrophic contributions. “We are optimistic that our planned initiatives for achieving funding will help us to make a larger impact in the Scarborough community.”“As we reflect on 2017, there are many areas that we have started planning and exploring to build on our successes in 2018. For example, exploring the possibility of having lights at Ashtonbee and running our T20 competition across the Canada Day long weekend. We are delighted to be celebrating this special evening with you and do look forward to welcoming you back in 2018.”last_img read more

George’s AFN Rejects NOC’s Investigative Panel

first_imgThe NOC had on Wednesday at its board meeting in Abuja said it has set up a four-man investigative panel to mediate in the crisis rocking the AFN.“The NOC does not have the power to interfere in the internal affairs of the AFN,’’said Ebewele,who was former technical committee chairman of the federation.“What the NOC is doing is trying to assert an authority that does not exist because the body thinks Nigerians are naive and ignorant of the rules governing international sports“The AFN, for the avoidance of doubt, is only answerable to its parent body, World Athletics (formerly the International Association of Athletics Federations) which is aware of developments in the federation,’added Ebewele who querried NOC’s motive behind the so called investigative panel.“We have set up a fact finding panel to look into the infractions committed by the suspended president of the federation,Shehu Ibrahim Gusau and there is no going back,’Ebewele insists and recalled a similar ploy employed by the NOC in June this year.“In June this year,the NOC deceived us with a reconciliatory meeting where an agreement was reached inter-alia that the committees of the board should be reconstituted forthwith;decisions of the board should at all times be approved as specified in the constitution of the AFN and that due process should be followed in the administration and management of resources of the board.“But what did we get? Gusau flouted all the agreements and the sixth and final agreement says sanctions as provided in the constitution of the AFN shall be invoked in the event of a breach of the resolutions,” he explained.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram One of the members of the board of Olumide George-led Athletics Federation of Nigeria (AFN), Brown Ebewele on behalf of the ‘group’ has rejected the Olive branch of the Nigeria Olympic Committee(NOC) to settle waring factions claiming the ownership of the soul of the federation.The former athlete, who has been a board member of the federation said the NOC lacks the power to set up a committee to look into a perceived crisis in the federation.last_img read more

Dungey doing Dungey things and more takeaways from Syracuse’s 27-23 loss to No. 3 Clemson

first_img Facebook Twitter Google+ Published on September 29, 2018 at 3:33 pm Contact Josh: | @Schafer_44 Late in the second quarter, Clemson’s freshman quarterback Trevor Lawrence rolled out to his left and took off down the sideline. As Syracuse defensive end Josh Black tripped Lawrence from behind, Syracuse’s Evan Foster pummeled Lawrence and the freshman wouldn’t come back for the rest of the game.After senior quarterback Kelly Bryant announced his transfer earlier this week, Clemson was forced to use redshirt freshman quarterback Chase Brice. But led by a heavy run game — the Tigers rushed for 293 yards— Clemson (5-0, 2-0 Atlantic Coast) stormed back and defeated Syracuse (4-1, 1-1), 27-23, on Saturday afternoon at Memorial Stadium.Here are three fast reactions from Syracuse’s near upset.So closeSyracuse opened its first drive of the fourth quarter with a touchdown. It led by 10. Then, everything fell apart and Clemson running back Travis Etienne took over.On Clemson’s next drive, Etienne ripped off a 17-yard rush and broke loose down the right side for a 26-yard touchdown. As he broke through the right side, the sophomore running back shook off diving attempts from both Ryan Guthrie and Andre Cisco.AdvertisementThis is placeholder textOn Clemson’s final drive, one which took more than five minutes and traveled 94 yards, Etienne sealed the game. From the Syracuse two-yard line, he ran untouched to the right side of the line and into the end zone, sealing SU’s fate.Dungey doing DungeyOn national television, against a defense which ranks in the top 20 in both yards and points allowed per game, Eric Dungey threw for 250 yards while rushing for two touchdowns.After spending the season’s first four weeks ranked 10th in ESPN’s Heisman Watch, Dungey pulled through against more high-end competition.On fourth and goal from the one-yard line, Dungey took the snap from the one-yard line. He rushed to the left and leapt but didn’t reach the endzone. His second effort would though. The senior quarterback waved toward the corner of the endzone as he and the SU fans celebrated a 23-13 SU lead.Role reversalOn Brice’s second pass of the game, Kendall Coleman stuck his helmet under the redshirt freshman quarterback’s chin. Steps earlier, Coleman fooled Clemson left tackle Mitch Hyatt. The junior defensive end jab-stepped left before bouncing outside and running straight through Brice.Early in the game in the second quarter, Chris Slayton broke through the middle of Clemson’s offensive line. Pushing his man aside with a hard punch to the shoulder, he broke into the backfield and sank Trevor Lawrence.Syracuse finished with four sacks and six tackles for loss. Commentslast_img read more

KSA sanctions Royal Panda and LeoVegas over online offering

first_img Kambi takes full control of LeoVegas sportsbook portfolio August 26, 2020 Related Articles LeoVegas hits back at Swedish regulations despite Q2 successes August 13, 2020 Share StumbleUpon Dutch gambling authority Kansspelautoriteit (KSA) has sanctioned both Royal Panda and LeoVegas after the two operators were found to be offering games of chance to consumers within the country.The KSA emphasised that “online gambling is currently prohibited”, and subsequently handed Royal Panda a €400,000 while LeoVegas was issued with a fine of €350,000.The fines follow on from research carried out by the KSA during the latter half of 2018 and early 2019, which revealed that the two gaming operators, “despite this prohibition, still focused on the Netherlands with their offer.”As part of the ruling, it was emphasised that both companies were accessible to the public via a Dutch IP, as the KSA offered examples of actions that constituted the receipt of the two penalty fees, including the option to wager using the Dutch iDEAL payment method.Both sites also offered a number of games of chance to the public, which including sports betting, casino titles and virtual slot machines.Earlier this year, Kindred Group was fined €470,000 by the KSA after it was found to be in breach of the legislative terms set by the ‘1964 Gambling Act’.Kindred explained that the KSA had  sanctioned the penalty to its Malta-based trading subsidiary Trannel International Ltd for accepting wagers from Dutch customers in violation of 1964 Gambling Act regulatory provisions.As it stands under Dutch legislation, all physical or online gambling offerings are illegal with Holland Casino the only exception. Providing an update on the impending change to Dutch law the regulator commented in a media statement: “In February this year, the Senate passed the Remote Gambling Act (Koa). The law is currently being worked out in more detail. It will soon be possible to obtain a license under strict conditions for offering games of chance via the internet. Supervision is then possible, allowing players to play protected. “The Ksa takes action against illegal gambling providers because there is no check on the fairness of the game. It is also impossible to check whether vulnerable groups, such as minors, are being excluded from participation.” Share Submit Björn Nilsson: How Triggy is delivering digestible data through pre-set triggers August 28, 2020last_img read more

Watch Yasiel Puig’s early 3-run HR before leaving game with injury

first_img Newsroom GuidelinesNews TipsContact UsReport an Error Dodgers hit seven home runs, sweep Colorado Rockies How Dodgers pitcher Ross Stripling topped the baseball podcast empire Related Articles Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco center_img Cody Bellinger homer gives Dodgers their first walkoff win of season Yasiel Puig’s 3-run home run put the Los Angeles Dodgers in front of the Los Angeles Angels in the second inning.Puig left Sunday’s game against the Angels with a right intercostal/oblique strain and is unlikely to play again before the All-Star break, according to reporter J.P. Hoornstra.In his second at-bat, Puig reached for his right side after swinging at a 1-and-1 fastball from Heaney in the fifth inning. He briefly conferred with an athletic trainer and Roberts before leaving the game.Sign up for our Inside the Dodgers newsletter. Be the best Dodger fan you can be by getting daily intel on your favorite team. Subscribe here.The Angels and Dodgers are playing the third game of the Freeway Series tonight at Angels Stadium. Dodgers’ Max Muncy trying to work his way out of slow start last_img read more

Mozgov is a Lakers game-time decision vs. Golden State

first_img“Now I’m good,” Mozgov said. “I’m good now.” Newsroom GuidelinesNews TipsContact UsReport an Error EL SEGUNDO — After completing morning shootaround Friday without any reported setbacks, Lakers center Timofey Mozgov is considered a game-time decision for when the Lakers (2-3) host the Golden State Warriors (4-1) tonight at Staples Center.Mozgov said he will see a doctor Friday afternoon to determine his status after suffering a soft tissue contusion around his left eye and a laceration in his mouth during Tuesday’s loss in Indiana.After missing Wednesday’s win in Atlanta, Mozgov had tests Thursday that came back negative for any fractures or concussions. Lakers coach Luke Walton added the doctors will monitor how Mozgov feels after completing conditioning drills.“My eye is kind of OK, I have some problems,” Mozgov said at the Lakers’ practice facility three days after getting poked in the eye by Pacers forward Lavoy Allen. “But I feel confident I’m good. My lips right now bother me a little more than my eye.”center_img Mozgov has encountered various limitations after receiving four stitches to repair his lacerated mouth thanks to an inadvertent elbow from Pacers guard Jeff Teague.“I can’t eat. I can’t drink. I can’t kiss my wife,” Mozgov said, drawing laughter. “My wife still loves me.”Walton maintained that Mozgov will start if considered healthy after averaging 8.5 points and 6.0 rebounds through three regular-season games. If not, Lakers rookie center Ivica Zubac could start again after posting six points on 3-of-3 shooting and four fouls against Atlanta.“He missed a couple of passes today,” Walton said. “I don’t know if that had anything to do with the vision.”Mozgov said it did not.last_img read more