Connect with us
Anglostratits

Business

IsDB-ICIEC and Export Credit’s Groundbreaking Event in Istanbul Explores the Transformative Power of Business Intelligence

Published

on

IsDB

Presentations by ICIEC, ICCIA, and CCD/IsDB offered comprehensive insights into the fundamentals of business intelligence, digital transformation roadmaps for SMEs, and the digitalization of investment promotion services

ISTANBUL, Turkey, October 9, 2023/APO Group/ — 

From September 26 to September 28, 2023, the Hilton Istanbul Maslak hosted a groundbreaking event that brought together more than 80 distinguished attendees to explore the pivotal role of information sharing and business intelligence in supporting trade and investment decisions in the member states of the Organization of Islamic Cooperation (OIC). Organized as a capacity-building program for users of the OIC Business Intelligence Centre (OBIC), the event was co-organized by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org/), the insurance arm of the Islamic Development Bank (IsDB) Group, the IsDB’s Cooperation and Capacity Development (CCD) Department, and the IsDB Regional Hub Istanbul. Additionally, the event was co-sponsored by The Participation Banks Association of Türkiye (TKBB) and Turk Eximbank.

The event included an opening session featuring insightful speeches by key figures in the industry:

  • Mr. Oussama KAISSI, the CEO of ICIEC, emphasized the significance of digitalization and automation for fostering development through trade and investment. He highlighted the opportunities presented by data abundance and technological advancements and stressed the importance of building robust information-sharing platforms.
  • Dr. Walid Abdelwahab, Director of IsDB Regional Hub Türkiye, shared his perspective on the importance of information sharing and digital transformation in supporting economic growth within the OIC member states.
  • The Participation Banks Association of Türkiye (TKBB) and the COMCEC Coordination Office (CCO) also provided valuable insights into the event’s overarching theme.

The event served as a platform for fruitful discussions, knowledge exchange, and the forging of valuable partnerships among attendees

One of the highlights of the event was a presentation and video showcasing the OIC Business Intelligence Centre (OBIC), shedding light on its mission to provide valuable information and analysis for enhancing economic cooperation and development among OIC member states.

A panel discussion on “How Digitalization and Business Intelligence Can Support Trade and Investment” further delved into the transformative potential of digitalization for economic growth and investment promotion. Presentations by ICIEC, ICCIA, and CCD/IsDB offered comprehensive insights into the fundamentals of business intelligence, digital transformation roadmaps for SMEs, and the digitalization of investment promotion services.

The second day of the event explored the theme of “Credit Information and the Importance of Information Sharing.” Presentations by ICIEC, Creditreform, and Afrieximbank highlighted the significance of credit reporting, information sharing, and digital IDs in fostering financial inclusion and trade promotion.

On the third day, the focus shifted to the “Efficient Utilization of Statistical Sources of Information on Credit, Trade, and Investment.” Presentations by SESRIC and ICDT introduced attendees to the collection and analysis of investment data, investment outlook in OIC member countries, and the efficient utilization of statistical resources for trade and investment information.

The event served as a platform for fruitful discussions, knowledge exchange, and the forging of valuable partnerships among attendees. It underscored the joint efforts of ICIEC, RH Türkiye, and IsDB’s Cooperation and Capacity Development Department in driving economic growth, promoting financial inclusion, and enhancing trade and investment decisions in the OIC member states.

The event’s proceedings are expected to translate into tangible actions that contribute to the economic development of OIC member countries, further strengthening their role on the global economic stage.

As a testament to the event’s success, Mr. Oussama KAISSI, the CEO of ICIEC emphasized, “Our collaborative efforts hold the transformative potential to usher in a new era in which information sharing and business intelligence will play a pivotal role in bolstering trade and investment within the member states of the Organization of Islamic Cooperation (OIC). This event stands as a defining milestone in our relentless journey, one where our unwavering commitment lies in nurturing economic cooperation and igniting the flames of sustainable development throughout the region.”

Dr. Walid Abdelwahab, Director of IsDB Regional Hub Türkiye, elaborated “The partnership between IsDB and ICIEC in organizing this workshop will help to foster knowledge sharing and capacity development among OIC member countries in utilizing Business Intelligence for trade and investment decisions. By equipping participants with Business intelligence skills, IsDB Group contributes to building skills to drive economic growth and attract investments that will, in turn, lead to job creation, technology transfer, and further overall economic development of the IsDB Member Countries and the broader Islamic finance industry,”.

Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

Published

on

Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

Continue Reading

Business

Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

Published

on

IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

Continue Reading

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

Published

on

The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

Continue Reading

Trending