Hong Kong, China-Thursday, May 3rd 2018 [ AETOS Wire ]
LuLu Financial Group, the leading financial services and payments solution brand, started its operations in Hong Kong with the inauguration of their head office at Hankow Centre in Kowloon.
The branch was inaugurated by Adeeb Ahamed, Managing Director, LuLu Financial Group in the presence of Surendran Ammitathody, VP-APAC, other senior officials and dignitaries.
The group acquired 100% ownership of a local financial services company in Hong Kong, adding five more branches to its global network. Branded as “LuLu Money” in Hong Kong, this is LuLu Financial Group's tenth country of operation and second in the APAC region, after Philippines.
Speaking on the occasion, Adeeb Ahamed said, “We are extremely delighted to start our operations in Hong Kong. The Asia Pacific region is home to some of the most dynamic economies and Hong Kong is one of the most strategic markets. We are excited to be part of the region's growth story.”
“Further to offering our world class services, that has made us one of the most sought after financial services organisation in the world, we will be reaching out to a larger audience through our innovative digital platforms that have been created in-house,” added Adeeb Ahamed.
“LuLu Money” retail outlets will offer money transfer, retail currency exchange and import & export of currencies. The company is also foraying into the digital space, with an aim to revolutionize the fintech environment in the region. The upcoming “LuLu Money” app will have various features including instant online transactions, payment tracking in real time and payment history, among others.
With plans to move nearly 30% of its transactions on to the digital platform by 2020, LuLu Financial Group is committed to remain on the digital fast track.
About LuLu Financial Group
LuLu Financial Group is an ISO 9001:2015 certified global financial services enterprise that serves banking institutions, business houses, local and international corporations as well as individuals. The group's services are designed to facilitate secure and instant financial transactions through digitized state-of-the-art systems that deliver flexibility, reliability, and transparency.
Established in 2008, LuLu Financial Group has its global headquarters in Abu Dhabi and operates more than 180+ branches across Oman, Kuwait, Qatar, Bahrain, India, Bangladesh, Philippines, Seychelles and Hong Kong.
To commemorate the 100th anniversary of Shiekh Zayed, leading global healthcare provider NMC Healthcare will provide for free cutting-edge medical treatment to 100 child refugees worldwide suffering serious heart conditions.
Abu Dhabi, United Arab Emirates-Sunday, May 6th 2018 [ AETOS Wire ]
Leading global healthcare provider NMC Healthcare today revealed a commitment to treat 100 child refugees with heart conditions globally. The children will receive treatment in NMC's wide network of industry-leading medical facilities around the world.
NMC Healthcare made the pledge as part of the 100-year anniversary of Sheikh Zayed bin Sultan Al Nahyan; Shiekh Zayed, the founding father of the United Arab Emirates. Sheikh Zayed was renowned for his passion for ensuring the health and wellbeing of people worldwide.
Executive Vice Chairman, NMC Health Plc, Khalifa Butti Bin Omeir said that the treatment the children will receive is a continuation of the legacy created by Sheikh Zayed.
“Our late father of the Nation, Sheikh Zayed was driven by a belief that all people should enjoy the utmost health and wellbeing,” said Mr.Bin Butti.
“NMC Healthcare is proud to help continue our father's vision by offering our advanced medical services to child refugees around the world. We look forward to providing each child who receives treatment with a lifetime of health, wellbeing and happiness, as this would have undoubtably been the desire of our late father.” He added.
The children will receive the much-needed treatment for a variety of serious heart conditions across the countries.
The year 2018 has been dedicated as the 'Year of Zayed' in the UAE to commemorate the 100th birthday of the region's late founding father Sheikh Zayed, who laid the foundations for a strong state that has earned global reputation, in particular in the healthcare, technology, education and finance sectors.
Farah Al Obaidi, Head of Media Relations, +97143298996, +971503323158
(BUSINESS WIRE)-- Citi Private Bank today revealed new thought leadership content for executives in the family office industry, who are increasingly relied upon by the world's wealthiest families to manage their wealth and other family affairs.
This content will include critical insights into the workings of family offices and best practices gathered from extensive research by the Private Bank's Global Family Office unit.
“The family office industry, which manages several trillion dollars of assets worldwide, is often opaque, with very little publicly available information,” said Peter Clive Charrington, Global Head of Citi Private Bank. “Family office executives frequently find themselves constrained by this. With the release of our insights, we believe they will be better equipped to fulfill the needs of their clients and their families.”
“Family offices are having to deliver ever more sophisticated and complex services to their families,” said Stephen Campbell, Chairman of the Global Family Office Group, Citi Private Bank. “With first-hand experience both of running family offices and providing private banking services, our family office team has a unique understanding of the needs and issues they face. This allows us to partner effectively and tailor solutions for a wide range of needs.”
The new thought leadership content was inspired by the Private Bank's interactions with its 1,100 family office clients worldwide.
It will be presented digitally in a series of articles and white papers over a three-month period and will address topics including:
Planning a successful family office that can deliver the service that wealthy families require The costs of creating and running a family office, and assessing value-for-money Why building the right family office team is about more than just the executives' experience Why family offices are increasingly relying upon bespoke remuneration packages to attract top executive talent, which often go beyond financial incentives The risk of family wealth dissipating within three generations and how resisting nepotism can help avoid this How grooming tomorrow's family leaders can help preserve family wealth and influence and prevent discord in the family What executives need to know to serve their families' desire to benefit society while seeking investment returns The value of working with external partners in order to manage families' wealth
The Global Family Office Group at Citi Private Bank is a team of family office experts located throughout Asia, the Middle East, Europe, and the Americas, who provide family offices with advice on best practices, as well as connecting them to the Private Bank's investment, lending, banking, trust, custody, and corporate advisory and financing services.
Citi Private Bank is one of the world's fastest growing private banks; dedicated to serving worldly and wealthy individuals and families, providing customized private banking across borders. With approximately $460 billion in global assets under management, the franchise includes 48 offices, serving clients across 116 countries. Citi Private Bank helps clients grow and preserve wealth, finance assets, make cash work harder, preserve legacies, and serve family and family business needs through objective advice and a truly open architecture investment platform. The firm offers clients products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance, banking and aircraft finance, as well as art and sports advisory and finance.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Citi Regional Media: North America Sophia Stewart, +1 212-816-7140 Global Public Affairs, Citi Private Bank Communications firstname.lastname@example.org or Europe, the Middle East and Africa Belinda Marks, +44 (0) 207 508 3082 Global Public Affairs, EMEA Communications Belinda.email@example.com or Latin America Alexandra Ravinet, +1 305-420-4292 Global Public Affairs, Latin America Communications firstname.lastname@example.org or Asia Harsha Jethnani, +852 2868-7738 Global Public Affairs, Asia Pacific Communications email@example.com or Richard Tesvich, +852 2868-7689 Global Public Affairs, Asia Pacific Communications firstname.lastname@example.org
Dubai, United Arab Emirates-Sunday, May 6th 2018 [ AETOS Wire ]
To help usher in the Holy month of Ramadan, Society Cafe and Lounge, located in Jumeirah 1, has decided to offer traditional Middle Eastern treats with a twist in a stunning peacock inspired décor by Albal Designs- an homage to the vibrant Indian city of Jaipur and is a modern take to traditional Ramadan Tents.
Well known for its excellent culinary fare, Executive Head Chef Jarek Wysmyk in collaboration with Middle Eastern cuisine guru Chef Troy Payne, will be providing customers with revamped and innovative versions of classics like Harissa Soup, Duck & Date Fatayer, French Quail Schnitzel, Kousa, Chicken B'stilla, and Traditional Lamb Ouzi. Sweets like Baklava, Kunafa Croissant, and Umm Ali in Croissant Brioche will be joined by the café's new signatures such as the Samoa Cake (Chocolate sponge cake with buttercream frosting coated with toasted coconut and chocolate & caramel drizzle), Date and Mandarin Bundt Cake, and Lemon & Apricot Madeline.
Aside from the gorgeous interiors and sumptuous Ramadan feast, Society Café and Lounge is launching the first edition of their fashion pop-up, named “The Social Edit” in association with District Marketing, which will host emerging designers to showcase their Ramadan Collections. Think kaftans, abayas and jalabiyas, amongst other things.
To cater to the non-fasting customers, the café will be open from 7am – 3pm for breakfast and lunch and will re-open at 7pm – 10pm for Iftar, and 11pm – 2am for Suhoor. Iftar price starts at 180 DHS/pax and 150 DHS/pax for Suhoor. Reservations are recommended.
Society Café & Lounge is an all-day dining concept featuring a contemporary and refined take on Modern European culinary fare. Housed inside a restored 2-storey villa in Jumeirah 1, Society Café pays homage to a glasshouse and is open seven days a week, Sunday to Saturday from 7am - 3pm for breakfast and lunch, 7pm – 10pm for Iftar, and 11pm – 2am for Suhoor.
Dubai, United Arab Emirates-Sunday, May 6th 2018 [ AETOS Wire ]
HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the 200 megawatt (MW) first stage of the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park. Dubai Electricity & Water Authority (DEWA) is implementing the third phase using the Independent Power Producer (IPP) model at Levelised Cost of Energy of 2.99 US cents per kilowatt hour using photovoltaic solar panels. The 3rd phase is being implemented in partnership with a consortium led by Abu Dhabi Future Energy Company (Masdar) and Électricité de France (EDF) Group. The second and third stages of this phase, which have a capacity of 300MW each, will be completed in 2019 and 2020 respectively.
HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, noted that the plant is the first in the Middle East and North Africa (MENA) to use a single-axis solar tracking system, which increases energy efficiency by 20-30%. It uses over 800,000 self-cleaning solar cells that maintain a high-performance level. The project provides over 60,000 residences with clean energy, reducing over 270,000 tonnes of carbon emissions annually. It was implemented with over 2.4 million accident-free man-hours.
Al Tayer noted that the project has increased the share of clean energy to 4% of Dubai's total installed capacity. Capacity of the photovoltaic and Concentrated Solar Power (CSP) IPP–based projects currently under construction is 1,500MW.
“Masdar and DEWA have played an active role in enhancing the cost efficiency and productivity of renewable energy by deploying the latest advances in technology. Solar power complements conventional energy in a relationship that makes perfect economic sense in this region, given the number of clear sunny days in the year, by helping to reduce energy costs through peak shaving,” said HE Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Chairman of Masdar.
“It is a great honour for the EDF Group to contribute to the Emirate of Dubai's energy transition. I am delighted with the trusting relationship we have forged with our partners, DEWA and Masdar, to develop carbon-free energy in the region and beyond,” said HE Jean-Bernard Levy, Chairman and CEO of EDF Group.