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iSON, Staxx Partner to Strengthen Mobile Device Security



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  • iSON, Staxx Partner to Strengthen Mobile Device Security

iSON Technologies, a leading technology services provider in Africa has announced a strategic partnership with Staxx Solutions, a technology solutions provider with strong focus on mobile security.

The partnership is aimed at providing customers with the best of breed in mobile device cyber security solutions.

The new partnership will serve 29 countries across Middle East and Africa and will augment both companies’ efforts to help businesses detect and block the growing number of cyber-attacks on mobile devices, while managing their communications. These selected regions are most vulnerable to cyber-attacks and through this partnership, iSON Technologies and Staxx Solutions have demonstrated a strong awareness of the environment for which they intend to dominate.

Mobile devices are now the standard computing platforms in all organizations. This new paradigm improves user productivity and effects fast and seamless communication among units and beyond. However, it also exposes data on the devices to theft, harassment and other channels of misuse that could signify danger. A single attack can result in a security breach, compromising an organization’s entire data, assets and brand. The strategic goal of this partnership is to help organizations mitigate these risks to their businesses.

Speaking about the partnership, Akshay Grover, Chief Growth Officer, iSON Technologies said, “Our mission to always provide solutions to mobile analytical issues remains unchanged, and this is a step in the right direction to ensuring that our clients experience maximum safety while using their mobile devices”. Our portfolio provides security solutions to help organizations holistically protect their people, infrastructures, data and applications; offers solutions for network and infrastructure security, advanced threat protection for modern day threats, application security through its complete lifecycle, data-centric security, identity and access management, he reiterated.

Commenting on the partnership, Shuaib Mahmud, Chief Executive Officer, Staxx Solutions, said, “STAXX seeks to provide the best of breed Mobile Cyber Security solutions to the markets we serve enabling businesses to protect their mobile enterprise. Partnering with world class leaders like iSON allows us to reach a much broader market segment. With Africa and the Middle East experiencing some of the highest growth and adoption rates of Mobile technology, there could be no better place to launch than a region rich with incredible business opportunities and a partner that offers the breadth of coverage like iSON”.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.

Crude Oil

South Africa’s iGas, PetroSA and Strategic Fuel Fund Merge to Create South African National Petroleum Company



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The South African Department of Mineral Resources and Energy (DMRE) has announced the merger of Central Energy Fund (CEF) subsidiaries iGas, PetroSA and the Strategic Fuel Fund (SFF).

The merger will be effective from 1 April 2021 and the new company will be called the South African National Petroleum Company.

The merger, driven by the pursuit of implementing a new company that has a streamlined operating model via the development of a shared services system and a common information platform, comes a few months after cabinet approval and the confirmation that PetroSA had incurred losses of R20 billion since 2014.

Additional factors which prompted the move included the determination to strengthen PetroSA which had not had a permanent CEO in five years prior to the appointment of CEO Ishmael Poolo last and, had become majorly ungainful since its failure to secure gas for the gas-to-liquids refinery project in Mossel Bay.

While the merger deadline has been set, the portfolio committee expressed reservations to the department’s likelihood of meeting the deadline, considering the existing legislative regime, pending issues raised in the SFF and PetroSA forensic reports, as well as PetroSA’s current insolvency and liquidity challenges, the official press statement on the briefing revealed.

“South Africa’s energy sector is entering a new dawn,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “With gas discoveries off the coast and the announcement of the REIPPP programme bid window 5 and 6 on the horizon, now is the most opportune time for the merger of the CEF subsidiaries. Of course, it is not an easy task and delays may be anticipated but, this move signals a real change towards a meaningful strategy that will not only be beneficial to the DMRE but to potential investors and local development as well.”

The African Energy Chamber welcomes this move and acknowledges that this is yet another step supporting the country’s determination to restarting the engines of sustainable growth and the transformation of energy policy and infrastructure.

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Crude Oil

Crude Oil Hits $71.34 After Saudi Largest Oil Facilities Were Attacked




Brent Crude Oil Rises to $71.34 Following Missile Attack on Saudi Largest Oil Facilities

Brent crude, against which Nigerian oil is priced, jumped to $71.34 a barrel on Monday during the Asian trading session following a report that Saudi Arabia’s largest oil facilities were attacked by missiles and drones fired on Sunday by Houthi military in Yemen.

On Monday, the Saudi energy ministry said one of the world’s largest offshore oil loading facilities at Ras Tanura was attacked and a ballistic missile targeted Saudi Aramco facilities.

One of the petroleum tank areas at the Ras Tanura Port in the Eastern Region, one of the largest oil ports in the world, was attacked this morning by a drone, coming from the sea,” the ministry said in a statement released by the official Saudi Press Agency.

It also stated that shrapnel from a ballistic missile dropped near Aramco’s residential compound in Eastern Dhahran.

Such acts of sabotage do not only target the Kingdom of Saudi Arabia, but also the security and stability of energy supplies to the world, and therefore, the global economy,” a ministry spokesman said in a statement on state media.

Oil price surged because the market interpreted the occurrence as supply sabotage given Saudi is the largest OPEC producer. A decline in supply is positive for the oil industry.

However, Brent crude oil pulled back to $69.49 per barrel at 12:34 pm Nigerian time because of the $1.9 trillion stimulus packed passed in the U.S.

Market experts are projecting that the stimulus will boost the United States economy and support U.S crude oil producers in the near-term, this they expect to boost crude oil production from share and disrupt OPEC strategy.

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Crude Oil

A Loud Blast Heard in Dhahran, Saudi Arabia’s Largest Crude Oil Production Site



Loud Blast Heard in Dhahran, Saudi Arabia’s Largest Crude Oil Production Site

Two residents from the eastern city of Dhahran, Saudi Arabia, on Sunday said they heard a loud blast, but they are yet to know the cause, according to a Reuters report.

Saudi’s Eastern province is home to the kingdom’s largest crude oil production and export facilities of Saudi Aramco.

A blast in any of the facilities in that region could hurt global oil supplies and bolster oil prices above $70 per barrel in the first half of the year.

One of the residents said the explosion took place around 8:30 pm Saudi time while the other resident claimed the time was around 8:00 pm.

However, Saudi authorities are yet to confirm or respond to the story.


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