Immo Gironde Sat, 09 Oct 2021 16:14:07 +0000 en-US hourly 1 Immo Gironde 32 32 Egypt to chair African Ministerial Council responsible for water from 2023 Sat, 09 Oct 2021 13:10:32 +0000

Egyptian pavilion receives over 50,000 visitors during first week of Expo 2020 Dubai

CAIRO: The Egypt pavilion at Expo 2020 Dubai received more than 50,000 visitors in the first week of the event, according to a government minister.

Egyptian Industry and Trade Minister Nevin Gamea said the unprecedented attendance meant the country’s pavilion was “one of the most attractive” to visitors.

She noted the great interest of visitors, who had expressed their fascination with the contents of the pavilion.

Dr Ahmed Maghawry, head of trade representation and commissioner general for Egypt’s participation in the exhibition, said the high demand was due to the unique content available, including the archaeological objects on display and the design of the pavilion, which depicted different time periods. of ancient Egyptian civilization.

There were also interactive screens showing the developments Egypt was witnessing in all areas, especially industry, infrastructure, smart cities and national projects, he said.

Egypt wants the pavilion to maintain this pace of growing demand by enriching the content, especially with the start of events to be held inside the pavilion, including seminars and conferences, he added.

Gamea inaugurated the pavilion last Tuesday. It is located on an exhibition area of ​​3,000 square meters and will take place over the next six months.

The minister said the Egyptian pavilion was one of the most important participants in the exhibition as it was located next to the United Arab Emirates pavilion, reflecting the relationship between the two brotherly countries.

She added that the state’s participation reflected Egypt’s concern to make this event a success.

Expo 2020 Dubai is the largest global event since the start of the pandemic and the first of its kind in the Middle East. The event is expected to receive nearly 25 million visitors in the six months it lasts.

It all started with a big celebration with the participation of more than 190 countries.

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More than 80% of millennials want personal loans to finance their education, according to IIM Kozhikode study – Edexlive Sat, 09 Oct 2021 08:32:00 +0000

IIM Kojikode | Photo: Express

At least 81% of millennials (aged 25 to 35) want to take out a personal loan in the near future for education, according to a national survey carried out by the entrepreneurship and innovation cell (E-Cell) of IIM Kozhikode in collaboration with the digital lending platform IndiaLends. . The report, titled “Indian Borrowers’ Sentiment Report,” sampled 1,400 respondents from Level 1 and Level 2 cities, focusing on the spending habits of Millennials and Generation Z (21-25 years old) and their propensity to take out a personal loan.

The survey included both employed and self-employed participants and presented several interesting data points. According to the report, the finances of about 66% of Gen Z were affected by the second wave of COVID, while the finances of about 75% of baby boomers (aged 60 and over) were not affected by the second wave of COVID. no impact. The second wave of the pandemic was more difficult for 53% of the self-employed class against 46% of the salaried class.

More than 27 percent of Millennials plan to apply for a personal loan to cover their medical bills, while about 18 percent plan to apply for a personal loan for their marriage. IndiaLends Founder and CEO Gaurav Chopra said: “With around 65% of Indians planning to opt for a personal loan in the immediate future, there is a clear indication of pent-up demand for credit products and general optimism among customers. ”


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Budge Patty, 1950 Roland Garros and Wimbledon champion, dies at the age of 97 | ATP circuit Fri, 08 Oct 2021 21:26:58 +0000

Budge Patty, the easygoing American who won the Roland Garros and Wimbledon titles in 1950 during a 15-year amateur career, has died in a hospital in Lausanne, Switzerland, aged 97.

Patty, a service volleyball player on the court and a playboy outside of it when he moved to Paris after World War II, has become a fluent speaker of French. In 1950, the year he decided to quit smoking, Patty scored three straight fifth set victories at Roland Garros, culminating in a 6-1, 6-2, 2-6, 5-7 final victory. , 7-5 against Jaroslav. He and Drobny got the warmth of the crowd. A year earlier, he had finished second behind fellow American Frank Parker.

A month after her victory on Parisian clay, Patty built a serve and return strategy to defeat Frank Sedgman in the Wimbledon final. After watching Sedgman in Paris and at the Queen’s Club, Patty realized that the Australian didn’t like rushing into the net and instead preferred to dictate the tempo of the match. Patty warmed up for the Wimbledon final on an outdoor court with Tony Trabert barely hitting a ball in the field. But by the time he stepped onto center court, the 26-year-old settled in quickly and won 6-1, 8-10, 6-2, 6-3.

International Tennis Hall of Fame President Stan Smith said: “Budge Patty was one of America’s great players of the 1940s and 1950s. To win over 70 tournament titles is remarkable, and to win Wimbledon and Roland Garros. consecutively is a huge achievement. . Although he competed before my time, I have often heard how beautiful and elegant his playing is. He will be remembered as one of the greatest champions in the history of tennis “.

Photo: STF / AFP via Getty Images

Born in Fort Smith, Arkansas, the Patty family quickly moved to Los Angeles, California. He first played tennis at the age of nine with his older brother, who nicknamed him “Budge” for his laziness and “failure to move”, on the courts of Los Angeles High School and at Queen’s. Anne Park. As a junior, he trained every Saturday at 6 a.m. with Pauline Betz, a five-time major singles champion, who lived nearby.

After Patty won the Los Angeles Novice Championship at the age of 13, Betz heard about a tennis pro called Bill Weissbuch, assistant to Eleanor Tennant and coach of five-time major singles winner Alice Marble. , who was looking to develop a young talent. Betz promoted Patty, 13, who caught the eye of actors Barbara Stanwyck and Robert Taylor, and over the next two years he won every tournament he attended. He took lessons with Weissbuch at the Beverly Hills Tennis Club, owned and operated by Fred Perry and Ellsworth Vines.

Weissbuch pushed the need to play aggressive tennis, and it was a 6-0, 6-0 loss to Bill Tilden at the club that forced the 5’4 “Patty to give up her base game. his autobiography of 1951, Tennis my way, Patty wrote: “Tilden said to me at the end,” Sonny you play a really good game of tennis, but you’re never gonna be better than right now unless you learn to play some type of tennis. a little more aggressive play. Learn to fly and attack as much as possible. This is the only way to become a champion. “

Patty won the U.S. National Under-15 title in 1939, the Under-18 singles and doubles titles in 1941 – saving one match point against Vic Seixas in the singles final – and worked on his game the following year, when he retained the title, after he left high school. He had planned to go to the University of Southern California in 1942, but a few days after his enlistment he was called up to the United States Army. After six months, he was allowed to leave camp each day in Salt Lake City to train for three consecutive weeks to win the Utah State Championship title. Subsequently, Patty spent two years in Italy with the public relations department of the 12th Air Force and was demobilized in January 1946.

Photo: AFP / Getty Images

Less than four years after his first appearance at Wimbledon in 1946, where a number of center court seats were still stranded due to bomb damage, John Olliff, former Davis Cup player and tennis correspondent for The daily telegraph, called Patty the world’s No. 1 amateur in 1950. To date, Patty is only one of three American men – Don Budge in 1938 and Trabert in 1955 – to have achieved the double at Roland Garros and Wimbledon.

At Wimbledon in 1953, Patty failed to convert six match points on Drobny’s serve in a third round match that lasted four hours and 20 minutes – a record at the time for the longest tennis match. continued. In doubles, Patty won the Roland Garros mixed title in 1946 with Betz and teamed up with Gardnar Mulloy, who died at the age of 102 in November 2016, for the doubles title at Wimbledon in 1957. He also finished second in doubles with Mulloy at the US two championships. months later.

Often criticized for not having played enough on American soil, Patty then worked as a travel agent from her Paris residence (her home since 1948) and had small roles in films, before going into real estate. He married the daughter of a Brazilian engineering magnate, Marcina Maria Sfezzo, his wife for 60 years and they lived in Lausanne, Switzerland. He was inducted into the International Tennis Hall of Fame in 1977, made annual visits to the All England Club at Wimbledon, and continued to play three or four times a week until the late 1980s, often using his old timers. wooden frames.

Patty is survived by his wife and their two daughters, Christine and Elaine.

John ‘Budge’ Edward Patty, tennis player, born February 11, 1924, died October 3, 2021.

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argenx to highlight potential first-order FcRn antagonist, Efgartigimod, at upcoming neuromuscular meetings Fri, 08 Oct 2021 09:12:45 +0000
  • Additional data from the ADAPT Phase 3 trial demonstrates coherent depth of response during the first two cycles of treatment as measured by minimal expression of symptoms
  • Additional ADAPT data as well show consistent improvements in disease score by patient subgroup based on the affected muscle area or Concomitant medication
  • New analyzes show efgartigimod treatment does not impact vaccine immune response
  • Initial data of My Real World® MG Research Study highlightseverity of illness athe burden of treatment of people living with gMG

Breda, Netherlands – October 8, 2021 – argentx (Euronext & Nasdaq: ARGX), a global immunology company committed to improving the lives of people with severe autoimmune diseases and cancers, today announced the presentation of additional data from the trial of efgartigimod Phase 3 ADAPT for the treatment of generalized myasthenia gravis (gMG). The data will be presented at two upcoming neuromuscular meetings: the annual meeting of the American Association of Neuromuscular and Electrodiagnostic Medicine (AANEM) on October 13-16, 2021 in Aurora, CO and the virtual science session of the Myasthenia Gravis Foundation of America ( MGFA) in October. 30, 2021.

“The additional ADAPT data presented at these important neuromuscular forums strengthens our understanding of the value efgartigimod can offer as a potential treatment for people living with gMG. are all key considerations for an attending physician, ”commented Wim Parys, MD, medical director of argenx. “We also present the first data from our study of real-world evidence, through which we learn more about the severity of gMG and how it can affect a person’s ability to function and impact. negative on his quality of life. We will continue to listen to patients to discover the real burden associated with the management of this chronic debilitating disease. “

AANEM presentations

Title: “Review of the efficacy, safety and tolerability of Efgartigimod in seronegative patients with acetylcholine receptor autoantibodies with generalized myasthenia gravis: subgroup analysis of the phase ADAPT study 3 ” Laureate, President Research Initiative Award
Presenter: Chafic Karam, MD, University of Pennsylvania
Session: Abstract posters Session I and II
Date and Time: Thursday, October 14 from 1:00 p.m. to 1:30 p.m. MDT; 3:30 p.m. – 4:00 p.m. MDT
Site: Poster room

Title: “Minimal expression of symptoms in patients with generalized myasthenia gravis following treatment with Efgartigimod ” Finalist, Best Abstract
Presenter: Tuan Vu, MD, University of South Florida
Session: Abstract posters Session I and II
Date and Time: Thursday, October 14 from 1:00 p.m. to 1:30 p.m. MDT; 3:30 p.m. – 4:00 p.m. MDT
Site: Poster room

Title: “Actual impact reported by patients with myasthenia gravis: initial data from MyRealWorld® MG study ”
Author: Glenn Phillips, Ph.D., Senior Director, Health Economics at argenx
Session: Summary Poster Session III and IV
Date and Time: Friday, October 15 from 1:00 p.m. to 1:30 p.m. MDT; 3:30 p.m. – 4:00 p.m. MDT
Site: Poster room

Title: “Patient burden of generalized myasthenia gravis”
Author: Suraj Muley, MD, Gregory W. Fulton SLA and Neuromuscular Center

Session: Summary Poster Session III and IV
Date and Time: Friday, October 15 from 1:00 p.m. to 1:30 p.m. MDT; 3:30 p.m. – 4:00 p.m. MDT
Site: Poster room

Title: “General guidelines for the management and practice of myasthenia gravis: a cross-sectional survey of community neurologists in the United States. “
Author: Gil Wolfe, MD, University of Buffalo
Session: Summary Poster Session III and IV
Date and time: Friday, October 15 from 1:00 p.m. to 1:30 p.m. MDT; 3:30 p.m. – 4:00 p.m. MDT
Site: Poster room

Title: “Diagnostic adjudication of chronic inflammatory demyelinating polyneuropathy (CIDP) in the ADHERE trial: review of the first 100 cases »
Author: Peter Donofrio, MD, Vanderbilt University
Session: Summary Poster Session III and IV
Date and Time: Friday, October 15 from 1:00 p.m. to 1:30 p.m. MDT; 3:30 p.m. – 4:00 p.m. MDT
Site: Poster room

In addition to the poster sessions listed above, argenx will be hosting a sponsored industry forum at AANEM:

Title: “Burden, Co-morbidities and Treatment of Generalized Myasthenia Gravis: Where Do We Stand?” “
Presenters: Nicholas J. Silvestri, MD, FAAN, University of Buffalo; Neelam Goyal, MD, Stanford Healthcare; John H. Stone, MD, MPH, Massachusetts General Hospital
Dated and the time: Thursday, October 14 from 12:00 p.m. to 1:00 p.m. MDT
Site: Juniper Ballroom



Title: “Actual impact reported by patients with myasthenia gravis: initial data from the MyRealWorld MG study ”
Author: Vera Bril, MD, University Health Network, University of Toronto
Time: 12:00 p.m. EDT

Title: “Treatment with Efgartigimod of patients with generalized myasthenia gravis shows consistent improvements in all muscle subgroups and independent of background immunosuppressive therapy”
Author: Chafic Karam, MD, University of Pennsylvania
Time: 2:20 p.m. EDT

Title: “Effect of Efgartigimod, a neonatal Fc receptor blocker, on humoral vaccine responses in autoimmune patients”
Author: Jeffrey Guptill, MD, MA, MHS, Duke University
Time: 2:35 p.m. EDT


Title: “Actual use of IVIG in American adults with generalized myasthenia gravis ”
Author: Glenn Phillips, Ph.D., Senior Director, Health Economics at argenx

About MG
MG is a rare, chronic autoimmune disease in which IgG antibodies disrupt communication between nerves and muscles, causing debilitating and potentially fatal muscle weakness. Over 85% of people with MG progress to generalized MG (gMG) within 18 months, where muscles all over the body may be affected, causing extreme fatigue and difficulty in facial expression, speech, swallowing and mobility. In more severe cases, MG can affect the muscles responsible for breathing. Patients with confirmed AChR antibodies represent 80-90% of the total gMG population. There are approximately 65,000 people in the United States and 20,000 people in Japan living with the disease.

About the CIDP
Chronic inflammatory demyelinating polyneuropathy (CIDP) is a rare and serious autoimmune disease of the peripheral nervous system. Although confirmation of the pathophysiology of the disease is still emerging, there is growing evidence that IgG antibodies play a key role in damage to peripheral nerves. People with CIDP experience fatigue, muscle weakness, and loss of sensation in the arms and legs which may get worse over time or may come and go. These symptoms can significantly affect a person’s ability to function in their daily life. Without treatment, a third of people living with CIDP will need a wheelchair.

About Efgartigimod
Efgartigimod is an experimental antibody fragment designed to reduce pathogenic immunoglobulin G (IgG) antibodies by binding to the neonatal Fc receptor and blocking the recycling process of IgG. Efgartigimod is being investigated in several autoimmune diseases known to be mediated by pathogenic IgG antibodies, including neuromuscular disorders, blood disorders, and skin blisters.

About Argenx
argenx is a global immunology company committed to improving the lives of people with severe autoimmune diseases and cancer. In partnership with leading university researchers as part of its Immunology Innovation Program (IIP), argenx aims to translate advances in immunology into a world-class portfolio of novel antibody-based drugs. argenx is evaluating efgartigimod in several serious autoimmune diseases. argenx is also advancing several early stage investigational drugs within its therapeutic franchises. argenx has offices in Belgium, the United States, Japan and Switzerland. For more information visit and follow us on LinkedIn.

Kelsey kirk

joke comijn

Beth del giacco

Michelle greenblatt

Forward-looking statements

The content of this announcement includes statements which are, or may be considered, forward-looking statements. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms believe, estimate, anticipate, expect, intend, may, will or should and include statements made by argenx regarding the data. clinics of its product candidates; the expected results of its strategy; the momentum of its product candidate pipeline as well as Argenx’s statements regarding research progress and the number of treatment options; and its plans to partner with human rights organizations. By their nature, forward-looking statements involve risks and uncertainties, and readers are cautioned that such forward-looking statements are not guarantees of future performance. Argenx’s actual results may differ materially from those predicted by forward-looking statements due to various important factors, including Argenx’s expectations regarding the inherent uncertainties associated with competitive developments, preclinical and clinical trials, and development activities of Argenx. products and regulatory approval requirements; argenx’s dependence on collaborations with third parties; estimate the commercial potential of Argenx product candidates; Argenx’s ability to obtain and maintain intellectual property protection for its technologies and drugs; the limited operating history of Argenx; and Argenx’s ability to obtain additional financing for its operations and to complete the development and commercialization of its product candidates. A further list and description of these risks, uncertainties and other risks can be found in the documents and reports of the Securities and Exchange Commission (SEC) of Argenx, including in the most recent annual report of Argenx on the form 20-F filed with the SEC and in filings and reports filed by argenx with the SEC. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements speak only as of the date of publication of this document. argenx assumes no obligation to publicly update or revise the information contained in this press release, including any forward-looking statements, except as required by law.

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U.S. banks to report mixed third quarter results and uncertain lending outlook Thu, 07 Oct 2021 13:08:00 +0000

(Reuters) – America’s largest lenders are expected to report moderately higher third-quarter profits next week as pandemic-related accounting adjustments that doubled profits earlier this year fade and business begins to return to the normal.

FILE PHOTO: Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of New York, USA October 11, 2020. Photo taken October 11, 2020. REUTERS / Nick Zieminski / File Photo

Analysts on average expect JPMorgan Chase & Co, the country’s largest lender, to post slightly lower profits than the period last year, when the earnings season kicks off on Wednesday, according to the Refinitiv I / B / I / O data.

Next Thursday, Citigroup Inc and Morgan Stanley are both expected to report a 15% increase in profits, while Bank of America Corp is expected to rise by around 35%. Wells Fargo & Co, which also reports Thursday, is expected to post a massive jump of more than 100% in a quarter in which results were depressed by unusual spending.

Goldman Group Inc will close the week on Friday, with earnings expected to rise slightly.

Share buybacks will boost earnings per share in the quarter and into future periods.

Investment banking clusters are expected to make dramatic gains from a record takeover boom, while lower rate trading income will be partially offset by strong equity volumes.

But analysts say the focus will be on whether net interest income, which provides more than half of banking sector income but has stagnated in recent quarters, is expected to increase in the coming months. due to rising interest rates and new demand for loans from businesses and consumers.

“That’s going to be the question. It’s the heart of the business for everyone, ”said Gerard Cassidy, Gerard Cassidy analyst at RBC Capital Markets.

Some banks might show that they are earning more interest because they have started investing more of their excess cash in securities, such as 5-year US Treasuries which were recently earning 1%, three times the amount. at the beginning of the year.

Analysts will also be looking for signs that commercial and industrial borrowing has stopped falling. They expect an increase once the supply chains hampered by COVID recover and allow businesses to build up stocks that need bank financing. Many businesses and consumers have paid off their loans during the pandemic.

Bank of America’s expected 35% profit increase is likely due to lower loan loss provisions and higher net interest income. Its results may suggest that its strategy of investing its excess liquidity in government and mortgage-backed securities has paid off.

Unlike at the start of this year, banks will benefit only marginally this quarter from the release of reserves for pandemic-related loan losses that have not materialized. Banks have already released 60% of the $ 50 billion in reserves they set aside and will likely only release another $ 5 billion this quarter, according to Goldman Sachs analyst Richard Ramsden.

He expects Wells Fargo and Citigroup to experience the greatest benefit.

The results of these two banks could also be influenced by the amount they have to spend to comply with orders from regulators to improve their controls.

Wells Fargo’s profits the previous year were hit by the costs of repairing damage to customers.


Big investment bank takeover advisory fees will increase by 80% on average, Cassidy said, adding that he also expects share underwriting to increase.

Trading income, on the other hand, is expected to decline by around 10% on average as fixed income markets, which generated record trading volumes last year, stabilized at more normal levels.

JPMorgan’s third-quarter net profit is expected to decline about 3% from a year ago due to lower trading revenues and higher expenses, according to analysts’ average estimate.

The results of investment banking giant and fund manager Morgan Stanley are expected to rise on higher takeover advisory fees, higher equity trading income and higher wealth management fees.

Goldman Sachs is also expected to benefit from higher merger and acquisition costs amid the biggest global boom on record.

Most banks will report that expenses have increased more than revenues, according to Ramsden. Keeping up with the competition continues to demand more spending on technology. Analysts also fear that banks will have to pay more to attract employees.

Reporting by David Henry and Elizabeth Dilts Marshall in New York; edited by Michelle Price and Nick Zieminski

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Pandora Papers: How Tinubu hosted Buhari, others in a corruption-tainted London villa owned by Oyetola [Photos] Thu, 07 Oct 2021 06:51:02 +0000

President Muhammadu Buhari had paid a goodwill visit to the ally and national leader of the All Progressives Congress, APC, Bola Ahmed Tinubu at his London villa.

What many see as an innocent visit by the country’s commander-in-chief may have more profound consequences for this current administration’s fight against corruption.

Buhari at Tinubu in London

The London home of Tinubu, which has seen a constant flow of “sympathizers” and politicians, has been a sort of mecca.

Besides Mr. Buhari, other politicians who visited Tinubu at the mansion are the Governor of Lagos State, Babajide Sanwo-Olu; a former governor of Ogun State, Ibikunle Amosun; Amosun’s successor, Dapo Abiodun; the Governor of Ekiti State, Kayode Fayemi; the governor of Ondo State, Rotimi Akeredolu; members of the Lagos State House of Assembly; the Speaker of the House of Representatives, Femi Gbajabiamila; a contingent from Kano State led by Governor Abdullahi Ganduje; best fuji musician; Wasiu Ayinde, among other dignitaries.

Tinubu and Dapo Abiola in London

What most Nigerians didn’t know was that the property was linked to one of the country’s biggest corruption scandals since Buhari became president in 2015.

According to Bonus hours, the mansion where Tinubu housed Buhari is not only embroiled in a multibillion-dollar fraud scandal, the Buhari government had in fact obtained a property freeze order from a Federal High Court before the previous owner, who is now an international fugitive, only sells it at a huge discount to an offshore company owned by the governor of Osun State, Gboyega Oyetola, a relative of Tinubu.

Sanwo-Olu visits Tinubu in the UK

Naija News reports that this revelation is part of the reports published by the ‘Pandora Papers’, created by the International Consortium of Investigative Journalists (ICIJ) a nonprofit newsroom and journalist network centered in Washington, DC, which exposes a global tangle of political power and secret offshore finance and transactions.

The investigation which involved more than 600 journalists and more than 100 media organizations has already revealed the financial transactions of former British Prime Minister Tony Blair, Kenyan President Uhuru Kenyatta, Russian President Vladimir Putin’s image maker and many others.

Pandora Papers investigation uncovered financial secrets, including those of politicians, former and former public officials, including the governor Atiku Bagudu from Kebbi State, former PDP vice presidential candidate Peter Obi, APC leader Senator Stella Oduah, among others.

Olasoju, K1 and Tinubu

The leaked documents came from 14 offshore service companies around the world that help clients set up shell companies and design opaque structures to conceal their financial transactions.

The property that Tinubu has now taken as his home is located at 32 Grove End Road in London’s affluent Westminster district.

The Pandora Papers report said:

Villa 32 Grove End Road exudes astonishing opulence. According to an advertising brochure for the property published by the famous British real estate company Savills, the estate is made up of two buildings – a five bedroom property with a formal reception, an office, a master bedroom with an en-suite dressing room, bathroom and a cinema suite with a balcony overlooking the back garden. Two of the property’s four other bedrooms are en-suite.

The mansion at 32 Grove end road

The second building of the estate is a self-contained two bedroom apartment which is built above the property’s double garage. The property includes a gym, two guest changing rooms, a driveway that can park up to eight cars, front and rear gardens and an electric gate.

Bought from a fugitive at a discount of £ 8million
Documents obtained from the UK property register revealed that in July 2013, the property with title number 340992 was purchased for £ 11.95million by Zavlil Holdings Ltd, a front company incorporated in the British Virgin Islands, a notorious tax haven.

Other documents obtained by Bonus hours revealed that Zavlil Holdings Limited is owned by Kolawole Aluko, an international fugitive wanted by law enforcement in Nigeria and the United States for money laundering.

Kola Aluko and his partner, Jide Omokore, have been indicted in the United States and Nigeria for multi-million dollar fraud and money laundering violations allegedly in collusion with former Minister of Oil Resources Diezani Alison-Madueke.

In 2016, the federal government of Nigeria filed a Mareva injunction with a Federal High Court in Lagos to confiscate a list of properties owned by Messrs. Aluko and Omokore worth $ 1.8 billion.

In the lawsuit against Omokore and Aluko, alongside their companies, Atlantic Energy Drilling Concepts Nigeria Limited and Atlantic Energy Brass Development Limited, the Nigerian government asked the court to grant it seven orders to prevent the defendants from disposing of the assets. The government alleged that they were acquired by fraudulent means.

The third prayer the government made to the court was to grant it an order restraining the accused “to instruct, demand, accept, receive payments and / or carry out transactions, transfer, mortgage or otherwise treat the assets of the defendants in the homes and premises land in Abuja and Lagos and others outside Nigeria.

The government then listed 17 properties in Abuja, Lagos, the United States, Canada, Dubai, Switzerland and the United Kingdom.

Among the listed properties was “Grove End Road, London”.

The court granted the government all its prayers. In October 2017, an attempt by the defendants to dismiss the Mareva injunction granted on the properties was subsequently rejected by Oluremi Oguntoyinbo, the trial judge.

But just then (October 18, 2017) the court dismissed the defendant’s attempt to dismiss the injunction, documents obtained from the UK property register revealed Mr Aluko had sold the house for £ 9million to Aranda Overseas Corporation, an incorporated offshore company. in the British Virgin Islands by two of Tinubu’s most trusted surrogates – Adegboyega Oyetola, former chairman of the Paragon Group of Companies and outgoing Governor of Osun State and Elusanmi Eludoyin, Oyetola’s successor to Paragon.

The huge discount at which the property was sold is curious and raised the question of whether Mr Aluko was in desperate need of selling the property even though a court ordered it to be frozen.

The UK, especially the greater London area, is characterized by a rapid increase in property values.

Based on the probable value calculation, the property is expected to be worth around £ 17million. So Mr Aluko sold the property at a discount of £ 8,000,000.

Source: Naija News

]]> 0 $ 2.2 million in micro-loans to help businesses in West Louisville Thu, 07 Oct 2021 03:00:00 +0000

LOUISVILLE, Ky. (WAVE) – Eleven Louisville neighborhoods are set to receive more than $ 2 million in COVID assistance. The money, funded by a block federal grant, will be used to help small businesses recover from the pandemic.

The assisted neighborhoods are Algonquin, Portland, California, Russell, Chickasaw, Shawnee, Park DuValle, Shelby Park, Parkland, Park Hill and Smoketown.

Money is loaned to businesses through Louisville Housing and Opportunities Micro-Enterprise Community Development Loan Fund, Inc. LHOME’s business coaching, called “Back to Business Initiative,” focuses on loans under $ 150,000 to help women and minority-owned businesses. .

Shawn Spencer runs Trimen Solutions, a human resources and recruiting agency in the Parkland neighborhood. She said a loan from the fund would have an exponential impact in West Louisville.

“The only thing you need to have on staff first and foremost is money to pay salaries,” Spencer said. “Being able to have a cushion, without necessarily having to go to the bank, is so important. “

With just three rooms and five cabins, Spencer said she makes sure thousands of workers are paid. It was an easier task before the pandemic took over all of its customers.

“Our customers had dried up,” Spencer said. “Some of them were still in operation, (and) some had to close and have yet to reopen.”

Now, she said worker shortages made her so busy that she’s outgrown her office space but doesn’t have the money to expand. Spencer said many businesses like his can’t afford a lot of traditional loans right now, but need cash to become a profitable place.

“It’s good to get the money, but sometimes you don’t know when your income is going to rebound to the point where you can pay that money back,” she said.

LHOME CEO Mary Ellen Wiederwohl said what makes loans special is that up to $ 50,000 can be forgiven. To be eligible for a loan, the business must meet the following conditions:

  • Have an established business that was operating before March 1, 2020;
  • Be the business owner or a majority partner;
  • Have a documented loss of income directly related to the COVID-19 pandemic;
  • Demonstrate how this coaching and funding will help to re-establish and / or develop the business;
  • Have a bank account; and
  • Be at least 18 years old and have a state-issued ID.

Wiederwohl said that even if business owners don’t qualify, they should reach out.

“We can always help,” she said. “These are the neighborhoods that start far behind everyone.”

This funding is the last of nearly $ 30 million the city has administered to help at least 894 small businesses survive the pandemic.

For Spencer, the culture in West Louisville is especially important.

“If you’re worried about facing high interest loans or where you’re going to get the money to cover the next payroll,” Spencer said. “You can’t do these little things that could change someone’s professional life or career path. “

Wiederwohl said businesses in West Louisville were hit particularly hard during the pandemic as many stores were using non-traditional banks and were not eligible for loans from the Paycheck Protection Program. To learn more about loans and if you qualify, Click here.

Copyright 2021 WAVE 3 News. All rights reserved.

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New low-interest loans to growing businesses in Beaver, Blair, Bucks and Chester County Wed, 06 Oct 2021 14:44:32 +0000

Governor Tom Wolf announced today that the Pennsylvania Industrial Development Authority (PIDA) has approved low-interest loans to four companies, located in Beaver, Blair, Bucks and Chester counties, to help expand operations, better serve their consumers, and create and keep jobs.

“PIDA funding is an incredible tool for growing businesses in Pennsylvania who are taking the critical next steps to advance their capabilities and ensure they can continue to serve consumers reliably,” Governor Wolf said . “These affordable resources are invaluable as businesses grow and play a major role in my administration’s commitment to supporting and developing the economy and the state workforce.”

In 2021, PIDA approved $ 38,577,782 in low-interest loans that generated $ 91,045,930 in private investment and supported 1,592 full-time jobs created and maintained.

The approved projects are as follows:

Beaver County
Pauana Holdings, LLC, through the Beaver County Corporation for Economic Development, received approval for a 15-year, $ 1,240,000 million loan at a fixed rate of 2.5% to acquire a building 40,200 square foot multi-tenant located in the Township of Hopewell, Beaver County. . The multi-tenant building mainly consists of flexible industrial spaces. Building features include approximately 40% finished area of ​​office / assembly space), seven platform-height overhead doors, entrance door with ramp, and concrete decks at each door. The total cost of the project is $ 3,200,000 and is expected to create at least 25 new full-time jobs within three years.

Blair County
MacInnis Group, LLC, through the Altoona-Blair County Development Corporation, received approval for a 15-year $ 700,000 loan at a 1.5% reset rate to acquire 55 acres of unimproved land (two parcels) located in the Township of Greenfield, in the County of Blair. The land will immediately be used by Pennstress as a depot yard for larger concrete structures fabricated at their nearby facility. The total cost of the project is $ 1,400,000.

Bucks County
701 Canal St LLC, through the Bucks County Economic Development Corporation, has been approved for a 15-year, $ 627,600 loan at a 2.5% fixed rate for the purchase of a tenant facility multiples of 41,792 square feet located in Bristol Borough, Bucks County. The building is divided into eleven units with each tenant space varying from 650 square feet to 5,034 square feet. Currently, nine tenants occupy the facility and eight use their space for light manufacturing, warehousing and distribution. The total cost of the project is $ 1,600,000.

Chester County
JD Eckman, Inc., through the Chester County Economic Development Board, received approval for a 10-year, $ 910,000 loan at a fixed rate of 2.5% to expand the corporate office of JD Eckman located in the Township of West Sadsbury, in the County of Chester. The property consists of an existing 27,000 square foot, three story office building, occupied by the owner. The PIDA project will allow the addition of flexible space on one floor of 29,400 square feet. The new space will feature three standard bay doors and five high bay doors and will be primarily used as a warehouse and repair shop for the company’s vehicles and equipment. The total cost of the project is $ 4,050,000.

For more information on the Pennsylvania Industrial Development Authority and other DCED initiatives, visit

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These are the secret properties of the King of Jordan in Malibu Wed, 06 Oct 2021 14:41:00 +0000
King Abdullah II bin Al-Hussein of Jordan and his 3 properties in Malibu at 29140 Cliffside Drive, 29150 Cliffside Drive, 29208 Cliffside Drive (Getty, Redfin, Realtor)

The three houses on Cliffside Drive, perched side by side, total 22,000 square feet and offer breathtaking views of the Pacific Ocean. Purchased for $ 70 million over a three-year period, their property has remained a mystery to neighbors in the exclusive Point Dume section of Malibu.

The largest, a 12,000 square foot mansion, was registered at an address in Switzerland. Another, a four-bedroom villa, was purchased by a company in the British Virgin Islands. And the third, a 7,600 square foot “large European-style estate” was acquired from a Delaware-based LLC.

The high-end properties are among more than a dozen Kings Abdullah II bin Al-Hussein of Jordan purchased through shell companies in the United States and abroad, revealed this week in the massive leak of documents financiers known as Pandora Papers.

The Malibu homes were purchased between August 2014 and September 2017, according to Redfin. King Abdullah also implemented a plan to demolish one of the existing homes and build a much larger one, according to a Washington Post investigation from the Pandora Papers mine of documents.

In some ways, the king’s desire to remain anonymous is trite. The rich, famous and powerful have long plunged millions of people into homes of choice while using layers of shell companies to hide their transactions.

“It’s no surprise,” said Compass luxury broker, Ron Wynn.

The desire to hide the real identity can be so great that an agent working on a sale may not know the real buyer, said Michael Nourmand, owner of luxury brokerage firm Nourmand & Associates. He said the situation is very rare.

Congress has sought to crack down on hidden buying. Earlier this year, he passed a law that requires true owners of shell companies to identify themselves or face criminal penalties. The measure aims to help stop the flow of illicit money into real estate; there has been no allegation that the King’s houses identified in the Pandora Papers were purchased illegally.

But for years, Malibu’s properties had won over the king’s neighbors and local government officials. They were left to speculate on the absent owner whose building plans, which included a new swimming pool and steel pergola, appeared to include space for safety details.

Here’s a more in-depth look at the King’s properties in Malibu:

These are the secret properties of King Abdullah in Malibu
29140 Cliffside Drive (real estate agent)

29140 Cliffside Drive

Purchased for $ 12.2 million, the 2,700-square-foot home is the smallest and cheapest of the trio. Built in 1982, the four bedroom, four bathroom home sits on 1.1 acre land and has a chic and warm beach vibe. The white Mediterranean villa-style property is partially surrounded by dense foliage and includes garden paths and panoramic ocean views.

The King bought the property in July 2015. The seller was Annette Smith, who represented a decades-old family trust, according to reports. The King bought the property through a company called Setara Ltd., registered in the British Virgin Islands.

The king seems to have had big plans for the property. Last year, Setara submitted documents proposing a teardown, with a proposal to build a new house more than twice the size, according to the Post.

These are the secret properties of King Abdullah in Malibu
29150 Cliffside Drive (Redfin)

29150 Cliffside Drive

Fit for a king at 11,700 square feet, the mansion is the largest of the bunch, though the lot is only 1.2 acres. The house has six or seven bedrooms – listing sites differ on this – and at least seven bathrooms.

It was last bought in August 2014, for $ 33.5 million, according to Redfin. The king purchased the property through Nabisco Holdings, according to public records. . It is not related to the cookie company. The firm is located in Montreux, Switzerland, on the shores of Lake Geneva. The seller was Staz Trust, which was controlled by Steven Goldman and Azita Etaati.

Built in 1999 and renovated in 2005, the house has massive pillars, swept-in entrances and a hotel-style swimming pool. It has floor-to-ceiling windows overlooking the ocean, a gym and a theater.

“This exquisite estate offers all that is magnificent in Malibu living,” according to its 2014 list. Chris Cortazzo of Compass – Malibu’s top luxury broker – had the list along with 29208 Cliffside. Cortazzo declined to comment.

29208 Cliffside Drive (Redfin)

29208 Cliffside Drive

At 1.3 acres, the property has the largest lot of the three and sits adjacent to Point Dume State Beach.

The home measures 7,700 square feet and has seven bedrooms and 7.5 bathrooms.

It sold for $ 23 million in September 2017, making it the King of Three’s most recent purchase. The buyer was listed as Timara Limited, registered in the British Virgin Islands. The seller was an LLC registered in Delaware.

In December 2020, This Clarke Inc., a Camarillo-based construction company, placed a mechanic’s lien on the property for $ 755,000. It was lifted a few weeks later, according to property records. This Clarke declined to comment.

Cortazzo’s listing for the property called it a “large European-style estate with 100 feet of panoramic ocean views as far as the eye can see.” The beige house has a light and airy feel – more like a relaxed beach pillow from a king.

The king also had construction plans for this house, the ICIJ reported. These include the new swimming pool, pergola and a large outdoor barbecue.

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Pandora Papers: 3 offshore companies connect a Swiss bank, the best arbitrator and his wife, the Gulf tycoon Wed, 06 Oct 2021 13:55:11 +0000 Hiroo Advani, lawyer and co-founder of Business India magazine, and his wife Nita Hiroo Advani owned two offshore companies in the British Virgin Islands (BVI) and Seychelles, records in the Pandora Papers studied by The Indian Express.

Nita Advani was also co-owner of a third offshore company in BVI with Tony Jashanmal, group director of a family-owned retail and distribution empire in the Gulf.

The records of the Pandora Papers show that a Swiss private bank, Clariden Leu, was authorized to give instructions for the management of the affairs of the three offshore entities. The London address of Clariden Leu has been recorded as the business address of these companies.

Hiroo Advani founded Advani & Co, India’s “oldest specialist arbitration practice” in 1986. The law firm’s website describes him as a “world authority on arbitration law” and “one of only two Indian lawyers ever listed in the International Who’s Who of Commercial Arbitrators”.

Previously, together with his brothers Ashok and Rajkumar, he had founded Business India, a bimonthly, in 1978.

Alcogal’s records identify Nita Hiroo Advani as the beneficial owner of Batheath Ltd in the British Virgin Islands.

According to Indian Companies Register (RoC) records, Nita Hiroo Advani has been the Director since 2006 of Chryssa Real Estate Pvt Ltd in Mumbai (with a 99.9% stake). The records also show a different director identification number for Nita Hiroo Advani for her listing as a director in Narayani Properties And Estate Developers Pvt Ltd in Goa (with a 95% stake).

Holder of an Indian passport, Jhangiani Tony Naraindas Jashanmal runs the Jashanmal group which began its journey in 1919 when his grandfather established his first department store in Basra, Iraq.

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Today, the group operates more than 150 stores in the United Arab Emirates, Kuwait, Bahrain and Oman, as well as a distribution network of consumer goods and services spanning more than 1,000 points of sale. .

On May 3, 2010, Hiroo and Nita provided compliance information as beneficial owners of Lidcote Ltd, a company incorporated in BVI, and Faraday International Limited, which was incorporated in Seychelles.

On the same day, Nita and Tony Jashanmal provided details of compliance as beneficial owners of Batheath Ltd, which was incorporated in BVI.

Lidcote (BVI) was established in December 2006, Batheath (BVI) in March 2008 and Faraday International (Seychelles) in December 2008.

In compliance cases, Advanis and Jashanmal were represented by Clariden Leu Asset Management (UK) Ltd, a subsidiary of Credit Suisse until its acquisition by Swiss wealth management firm Falcon Private Bank in 2013.

The Advanis and Jashanmals declared inheritance, personal and business property as a source of funds for these businesses.

In addition to serving as holding and investment companies, these three entities have listed businesses on offer ranging from real estate, oil and mining to money transfer and jewelry. The beneficiaries used directors, secretaries and shareholders for all three companies.

In a resolution of July 5, 2010, Faraday International (Seychelles) recorded that “the Company borrows from Clariden Leu Ltd and has pledged (all / part) of its assets held with Clariden Leu Ltd as collateral” on May 11, 2010.

Earlier in February 2009, Clariden Leu wrote to business service provider Cook Worldwide on behalf of Hiroo Advani for the establishment of a Mauritius company as a wholly owned subsidiary of Batheath Limited (BVI). This communication was copied to Hiroo Advani.

One of the goals of the proposed Mauritian company, Clariden Leu wrote, would be “to invest in real estate investments, including hotel and hotel projects in India”.

In 2017, the exhibition records, the two BVI companies – Batheath Limited and Lidcote Limited – were struck off the register. Faraday International (Seychelles) was due to be struck off in June 2016, but its status remains unclear.

In an email response to questions from The Indian Express, Hiroo Advani said, “These are NRI client companies and as far as I know the clients shut them down about 10 years ago. Do not have any other information because you did not keep old files. Nita Advani has never had a stake in Batheath Ltd (BVI). Tony Jashanmal has been a businessman in the Gulf for 50 years and I am not aware of his business connections. Nita Advani’s national businesses are all local businesses and all returns have been filed and taxes paid.

In an email response, Jashanmal said, “I am a non-resident Indian and have lived and run business outside of India for over 50 years. I have no recollection of ever having a Batheath Limited (BVI) offshore company.

“Anyway, it’s so long ago and even I had such a company that it was never activated and couldn’t have funds over $ 100. Have held no shares with Nita Hiroo Advani and never in the past and present has any kind of commercial interest, ownership or other business relationship with her, ”he said.

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