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☆ Edmond de Rothschild to open advisory office in Dubai
▼ + stars: | 2023-02-28 | by ( Hadeel Al Sayegh | ) www.reuters.com time to read: +2 min

DUBAI, Feb 28 (Reuters) - Edmond de Rothschild Group, which specialises in asset management and private banking, said on Tuesday it is expanding its presence in Dubai with an advisory office as it looks to the fast-growing Middle East hub to cater to an affluent pool of clients. It previously had a representative office in Dubai, but said the new office will "enhance" its ability to serve clients in the region. Edmond de Rothschild plans to hire about five people in Dubai next year, a spokesperson said. A growing number of hedge funds have set up shop in Dubai, attracted by lower licensing fees and capital requirements for the industry, including Millennium Management, ExodusPoint Capital Management and BlueCrest. French private equity firm Ardian said last month it was opening an office in neighbouring Abu Dhabi, capital of the United Arab Emirates, while CVC opened an office in Dubai last year.

Saudi Press Agency/Handout via REUTERSDUBAI, Nov 10 (Reuters) - Saudi Arabia's Public Investment Fund (PIF) is working with Lazard (LAZ.N) on funding options and a potential initial public offering of Masar, a $27 billion mega project in the holy city of Mecca, two sources with direct knowledge told Reuters. The PIF, Lazard and Masar did not respond to a Reuters query for comment. Bloomberg first reported Lazard was advising the sovereign wealth fund on NEOM. Masar is a 1.2 million square metre urban development project in the western part of Mecca. Reporting by Hadeel Al Sayegh;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

☆ Layoffs are picking up. These are the first 3 steps to take after losing your job
▼ + stars: | 2022-11-04 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

In this article UALAALTSLANFLXSHOP-CALYFT Follow your favorite stocks CREATE FREE ACCOUNTWanan Yossingkum | Istock | Getty ImagesThe labor market is still strong, but layoffs are picking up. File to collect unemployment benefits ASAPYou should file for unemployment benefits as soon as possible after a layoff, said Andrew Stettner, the director of workforce policy and senior fellow at The Century Foundation. Even if you received unemployment benefits earlier in the pandemic and are facing joblessness again, you may qualify for more aid. (However, if you have less than $5,000 in the account, the money may be sent to an individual retirement account for you, she added.) However, you won't be able to continue contributing to a plan at a company you're no longer working for.

☆ Analysis: As Netanyahu returns, concerns grow over far-right ally
▼ + stars: | 2022-11-03 | by ( James Mackenzie | ) www.reuters.com time to read: +6 min

[1/5] Likud party leader Benjamin Netanyahu, accompanied by wife Sara Netanyahu, addresses his supporters at his party headquarters during Israel's general election in Jerusalem, November 2, 2022. "This party is a huge success, no religious party in Israel has ever achieved such a number," he said. With the conflict with the Palestinians surging anew and touching off Jewish-Arab tensions within Israel, Ben-Gvir on Thursday tweeted: "The time has come to impose order here. Contrary to his hawkish image, Netanyahu has often taken a more flexible and pragmatic approach than some of his predecessors. "Netanyahu now has a personal interest in limiting the power of law authorities and the Supreme Court because of his trial," Shapira said.

[1/2] Chief Financial Officer of HSBC Georges Elhedery poses for a photo in this undated handout picture. It’s also surprised investors and raised questions about HSBC’s direction. Known at HSBC (HSBA.L) for his strategic vision more than for his accounting skills, Elhedery has climbed the ranks of HSBC’s investment bank since joining in 2005. "It was a surprise to us,” said Hugh Young, Asia chairman of Aberdeen Standard Investments, one of HSBC's top 25 shareholders. CEO Noel Quinn has done a good job but investors are impatient for faster progress, Young said.

A logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong, China August 4, 2020. Register now for FREE unlimited access to Reuters.com RegisterSince his return to HSBC in September, Elhedery has been working on projects for Quinn. He is one of several Lebanese bankers to rise to the top ranks at HSBC, including his predecessor heading the investment bank, Samir Assaf. Shares of Hong Kong-listed HSBC, which makes the bulk of its sales and profit in Asia, fell 2.5% in a firm broader market (.HSI). "This is about how the group executive committee is positioned with potential succession options for the future," Quinn told Reuters.

☆ Uber's chief incrementalist: Sundeep Jain is a divisive leader who shuns flying cars in favor of a steady march toward 'super app' status.
▼ + stars: | 2022-10-12 | by ( Tom Dotan | ) www.businessinsider.com time to read: +12 min

Instead, Jain has overseen the introduction of add-on features to Uber's app, such as rental car bookings and party buses leasing. "Spending a half billion a year on flying cars doesn't make sense for the type of business we are," said one current Uber executive. "I don't think innovative people want to work for a non-innovative product leader," said one former Uber executive. "Under Sundeep's leadership the product team has shipped more products, to more users, than ever before," a spokesperson told Insider. That's two billion dollars," a current Uber product executive said.

☆ London Heathrow opens Amex Centurion Lounge
▼ + stars: | 2021-10-12 | by ( Emily Mcnutt | ) edition.cnn.com time to read: +14 min

On Tuesday, Oct. 12, the iconic blue doors to the American Express Centurion Lounge opened to passengers for the first time at London’s Heathrow Airport. Heathrow Centurion Lounge locationThe brand-new Centurion Lounge at Heathrow Airport is located within the recently reopened Terminal 3, home to carriers such as Virgin Atlantic, Delta Air Lines, Qantas, KLM, Finnair, Emirates and some British Airways flights. Inside the Amex Centurion Lounge at HeathrowOnce you’ve located the lounge, you’ll need to either walk up the stairs or take the elevators up to the second level. Despite their name, you don’t need to hold the exclusive American Express Centurion Card to gain access to Amex Centurion Lounges. Emily McNuttOverall, the new Amex Centurion Lounge in London has a lot going for it.

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There are now 15 total Centurion Lounges lounges around the world, with a few new additions on the horizon. Amex Centurion Lounge locationsAmerican Express Centurion Lounges can cover you in some of the largest international airports in the world, though the Centurion Lounge footprint itself is mostly focused in the United States. These are the full-fledged current Centurion Lounges and announced future locations, not including the international Amex lounges that are in the process of being rebranded as Centurion Lounges. Hong Kong (HKG)The Amex Centurion Lounge in Hong Kong has a "lounge within a lounge" for Centurion card members. It’s also currently the only Centurion Lounge to feature a “lounge within a lounge” exclusively for Amex Centurion card members.

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