Day: 13 September 2017

Monaco’s Grimaldi Forum has recorded one of its best figures for attendance at its summer exhibition, with 47,000 people visiting the acclaimed “The Forbidden City”.

“We could have reached the symbolic landmark of 50,000 visitors but the constraints of our event calendar are such that we could not exceed 60 days,” said Sylvie Biancheri, Director General.

She added that this was the type of exhibition that the public has come to expect from the Grimaldi Forum, with a strong heritage theme and yet accessible to a wide audience.

Ms Biancheri also announced the theme of the summer exhibition for 2018: “The Gold of the Pharaohs,” with an exceptional loan of 150 pieces from the collections of the Cairo Museum.

Under the guidance of Christiane Zieglern, the event will go back 2,500 years of history from the perspective of the craftsman in precious metals.

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OG Oil and Gas, a minority shareholder in New Zealand’s NZ Oil and Gas (NZOG), has said it will offer NZOG shareholders 77 cents a share, outbidding an offer by Singapore-owned Zeta Resources.

OG Oil and Gas is owned by Monaco-based Ofer Global, which was founded by Eyal Ofer, the son of shipping mogul Sammy Ofer.

According to New Zealand press reports, NZOG is sitting on cash after recently selling stakes in the Tui and Kupe oilfields, its two producing investments.

Zeta has said it wants to cut NZOG’s overheads and views further exploration as risky, but already controls nearly 30 percent with the help of other shareholders. OG Oil and Gas, on the other hand, has a much smaller 4.3 percent stake.

OG Oil and Gas is enthusiastic about NZOG taking advantage of its interest in the Clipper exploration permit off the Canterbury coast, and believes its interest in the Toroa prospect off the Otago coast should be “diligently pursued”. It is seeking up to 70 percent of NZOG but has not yet made a formal offer.

OG Oil and Gas is chaired by Eyal Ofer, who is also involved in real estate, hotels, financial investments and oil and gas production platforms. Eyal Ofer is the chairman of Ofer Global, Zodiac Group and Global Holdings, and a noted philanthropist.

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The Astana EXPO 2017 International Specialised Exhibition closed on Sunday, September 10, after recording a considerable success for Monaco.

Nearly 115 countries and organisations participated in the Expo, and the Monaco Pavilion, with the theme, “Thinking about the future”, was a real success throughout the 93 days of the event. A total of 250,000 visitors were welcomed at the Pavilion, accounting for about seven percent of the total numbers.

The Pavilion was also put to use on several occasions for specialised events that drew particular attention to the values and potential of the Principality.

On the eve of the closing, the Monaco Pavilion received the bronze medal for its design, awarded by the International Exhibition Bureau.

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