Daily Archives: April 7, 2018

Algeco Scotsman Announces Fourth Quarter 2017 Financial Results Conference Call

BALTIMORE, April 06, 2018 (GLOBE NEWSWIRE) — Algeco Investments B.V. (together with its subsidiaries, “Algeco Scotsman”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that it will hold its fourth quarter 2017 financial results conference call on Thursday, April 19, 2018 at 10:00 a.m., Eastern Time.

To access the call, please dial (847) 585-4422 or (888) 424-8151 (US toll free) and enter participant PIN code 7415823# approximately ten minutes prior to the start of the call.  You will be placed on hold until the event begins. The conference call will also be broadcast over the internet with an accompanying slide presentation. To join the web conference, go to http://web.meetme.net/r.aspx?p=2&a=UYARaneVyNMSWv. Please enter your name, email address and company to join the call. The customer service team can be reached at any time by pressing *0 on your telephone keypad.

Prior to the call, the slide presentation and fourth quarter 2017 financial information will be available at http://www.algecoscotsman.com/en/investors.html. Following the call, a recording of the call will also be available.

About Algeco Scotsman

Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Headquartered in Baltimore, Algeco Scotsman has operations in 24 countries with approximately 245,000 modular space and portable storage units and 11,400 remote accommodations rooms. The company operates as Target Logistics in North America, Algeco in Europe, Elliott in the United Kingdom, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

Investor Relations Contact

Scott Shaughnessy
Vice President, Finance
Algeco Scotsman
+1 410-933-5921

Trump, UAE Leader Push for Unity in Gulf Amid Standoff

WASHINGTON, U.S. President Donald Trump and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed of the United Arab Emirates agreed Friday to push for unity among Gulf nations, the White House said, amid a bitter standoff between Qatar and other U.S. allies in the region.

The two leaders agreed in a telephone call that members of the six-nation Gulf Cooperation Council can and should do more to increase coordination with each other and with the United States, the White House said in a statement.

The UAE, along with Saudi Arabia, Bahrain and Egypt, cut off travel and trade ties with Qatar last June, accusing it of supporting terrorism and their archrival Iran. Doha has denied the charges and has said the countries aim to curtail its sovereignty.

The dispute pits key U.S. allies against each other and has complicated efforts to maintain a united front against Iran.

Earlier this week, U.S. officials said the Trump administration was postponing until September a summit with Gulf Arab leaders that had been planned for May. A crowded diplomatic calendar and lack of progress in negotiations to end the dispute were cited as reasons by officials.

Trump last month met with Saudi Crown Prince Mohammed bin Salman, who was on multiweek tour through the United States and is scheduled to meet with Qatari Emir Sheikh Tamim bin Hamad al Thani April 10.

Source: Voice of America

UAE provides US$200m in support to Lebanese army and security forces.

The United Arab Emirates has announced a financial support of US$ 200 million, to be split equally between the Lebanese Armed Forces and the security forces. The support is part of the UAE’s efforts to contribute to the stability and welfare of Lebanon and its people.

In a statement released today, the UAE’s Ministry of Foreign Affairs and International Cooperation said the UAE will continue its support to Lebanon and its stability.

“The UAE has always stood by brotherly countries at all times, took part in all conferences and supported efforts aimed at assisting Lebanon and its people. In this regard, the UAE is providing a US$ 100 million to the Lebanese army and US$ 100 million to the security institutions there,” the statement said.

The Ministry reiterated UAE’s keenness to ensure security and stability of Lebanon, which emanates from the strong bonds among the Arab countries and from the UAE’s responsibility to maintaining regional and international security and peace.

“It is a priority for the UAE to see strong and tenacious military and security institutions in Lebanon at these critical times as this will help in re-inforcing its stability and in enabling it to play its key role in the region,” it concluded.

Source: UAE Ministry of Foreign Affairs