DIFC strengthens partnerships with European hubs

Arif Amiri, CEO, DIFC Authority.
Updated 18 September 2019

DIFC strengthens partnerships with European hubs

Dubai International Financial Centre (DIFC), a leading financial hub in the Middle East, Africa and South Asia (MEASA), has undertaken a roadshow to key financial centers including the UK, France, Germany and Switzerland, led by Essa Kazim, governor of DIFC, and Arif Amiri, chief executive of DIFC Authority. During the week-long campaign, high-level strategic meetings took place in London, Frankfurt, Paris and Zurich, highlighting DIFC as the ideal base for European firms seeking to scale their operations across the MEASA and capitalize on the exponential growth of the region.

The roadshow highlighted the strength of DIFC’s wealth and asset management market, which was reported to be $424 billion in 2018, equivalent to approximately 30 percent of the GCC’s combined GDP. The event also highlighted key milestones achieved by the center during the first half of 2019.

Amiri said: “Our recent visit to Europe was a huge success and reinforced the great interest from financial institutions and corporates looking to grow their business in MEASA markets.


LuLu to fly 12 students from Kingdom to NASA

Updated 23 January 2020

LuLu to fly 12 students from Kingdom to NASA

LuLu, the largest hypermarket chain in the Middle East, awarded a total of 12 young students of different nationalities from Saudi Arabia, India, Philippines, and Egypt, a chance to visit the NASA center in the US.
LuLu’s back-to-school promotion called “Fly to NASA” was held in partnership with Almarai. The hypermarket hosted a competition last September in search of students who are science and space knowledge enthusiasts to experience and visit the NASA center in Huntsville, Alabama.
Shehim Mohammed, LuLu Hypermarket director of Saudi Arabia, said: “We are glad to finally announce the winners of this innovative campaign, which is a first and the most unique among our activations over the years of operating in the region. Thank you to our partner Almarai for joining hands with us in this exciting promotion. This is the first time that LuLu will lead a great opportunity to children who have the high potential to grow and learn more while having fun through science.”
Winners include: Abrez Hussain, Mohammed Ahmed, Rayyan Abdul Aziz, Naif Saad Altwaim, Osama Al-Harbi, Hugh Matthew, Khalid Abdul Aziz, Munther Mohammed Qasim Abujazar, Ahmad Gahwagy, Ahmed Khalaf, Hamza Ladha and Asif Rijo.
“Fly to NASA” winners will get to enjoy and experience a one-week trip, which will include five days of fun and learning at NASA’s Space Camp. The selection process involved two phases — first was the preliminary online registration, while the final stage featured a live quiz to obtain the top 12 winners. Students aged 9 to 18 years were encouraged to register and join the online activation.
With 185 stores operating worldwide, LuLu is the fastest growing retail chain across 10 countries, which include the GCC, India, Egypt, Indonesia, and Malaysia. Founded in the early 1990s, it has successfully expanded to different parts of the world, garnering more than 1,600,000 shopping patrons everyday.
LuLu is one of the favorite shopping destinations in Saudi Arabia, where it offers a broad selection of international products. It is one of the Middle East’s top employers with its workforce numbering to 50,000.