Stocks to Track: Nokia Corp (ADR) (NYSE:NOK), BP plc (ADR) (NYSE:BP)

On Monday, shares of Nokia Corp (ADR) (NYSE:NOK), included 0.24 % and shut at $4.17 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $4.14 and $4.18. Nokia and the UAE’s GCAA to develop end-to-end ecosystem to support regular commercial use of an unmanned aerial system (UAS) in the UAE

Nokia’s unmanned aerial vechicle (UAV) Traffic Administration concept will give GCAA ability to track and manage all UAS in UAE airspace, supporting use of automated drones for both commercial and government applications

Project will facilitate the UAE to become the world’s first country to allow UAS usage in safe and secure environment and embrace drone technology as part of smart city operations

21 November 2016

Dubai, UAE – Nokia and the United Arab Emirates General Civil Aviation Authority (GCAA) have reached a planned partnershipto drive the development of an end-to-end UAS ecosystem that will make the UAE the first country in the world to allow the operation of drones by both businesses and government agencies in a safe, secure and managed environment. The project is part of an program by the GCAA to make Dubai one of the world’s smartest cities by 2017, and will allow Dubai government security network operator Nedaa to develop a next generation network for mission-critical and smart city services within the GCAA regulatory framework.

At the heart of this new ecosystem will be Nokia’s UAV Traffic Administration (UTM) concept, which is being developed to manage drones in and around cities, and coordinate their interactions with people, manned aircraft and an increasingly diverse array of connected objects. The Nokia UTM system will provide capabilities such as automated flight permissions, no-fly zone control and beyond-visual-line-of-sight (BVLOS) that are critical for the safe operation of UAVs in densely populated urban areas. The ecosystem will also serve as a testing ground for various applications of drone technology, which can be explored in a safe and controlled environment.

Shares of BP plc (ADR) (NYSE:BP), added 2.26 % and shut at $34.40 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $34.24 and $34.45. The association’s commercial center capitalization is $107.96 Billion with the general uncommon loads of 18.92 billion. BP p.l.c. operates as an integrated oil and gas company worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of natural gas, counting liquefied natural gas (LNG), and power and natural gas liquids (NGLs). It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, in addition to NGLs extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemical products and related services to wholesale and retail customers. It offers lubricants, and related products and services under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemical products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemical products. This segment also sells gasoline, diesel, and aviation fuel. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. This segment also owns and operates 10 refineries in Russia; and refineries in Germany.

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