Lulu Group Expansion Project $100M USD into Philippines

August 9, 2018

Mr. Yusuf Ali, Lulu Group Chairman (2nd from left). Mr. Adeeb Ahamed, ARKIN Technologies Chairman and Lulu Exchange CEO (3rd from left). President Rodrigo Duterte (Center)

AE-headquartered Lulu Group International, owned by billionaire Yusuff Ali M.A., has stepped up its investment in South East Asia with a new facility in the Philippines. The Abu Dhabi-based retail giant inaugurated its logistics and food processing facility, May Exports in Laguna, Manila, Philippines. The company will initially buy $10 million worth of goods including food and non-food products, from the South East Asian nation to package and subsequently be exported to the Middle East and other countries where Lulu Group operates supermarkets and hypermarkets. The group plans to increase the number of goods purchased to $20 million by 2019, according to Charito Plaza, Director General of Philippine Economic Zone Authority (PEZA).

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ARKIN To Launch Financial Chat Solutions

May 17, 2018

ARKIN is excited to announce the launch of a proprietary chat application with mobile payments to allow users to send and receive money instantly, at anytime from anywhere. ARKIN’s Chat App aims to enhance the mobile payment user experience by making sending money as quick and easy as sending a text or chat message, bringing convenience to a whole new level. Beyond the ability to send and receive messages, ARKIN has developed a chat platform with a mobile payment capability that allows users to send, request and transfer funds to any recipient’s using ARKIN’s various platforms.

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Yusuff Ali MA, Chairman and Managing director of the LuLu Group International, is the topmost Indian business owners in the Middle East, along with Adeeb Ahamed as the 17th, according to a recent list released by Forbes Middle East.

May 14, 2018

Dubai: Over 100 Indian nationals, mainly businessmen and executives that are based in the UAE, have just been recognised for their “phenomenal success” in the Arab world. These expatriates are among the top 100 business owners and 50 Indian executives that made it to the Forbes Middle East’s Top Indian Leaders 2018 rankings.

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LuLu Financial Group Commences Operations in Hong Kong

May 3, 2018

Adeeb Ahamed, MD, LuLu Financial Group along with Surendran Amittathody, VP-APAC, LuLu Financial Group, Priscilla Law, Head of Financial Services, Invest Hong Kong, Rajiv Raipancholla, CEO, Orient Exchange and officials from the Philippines Consulate General, Hong Kong during the opening of the LuLu Financial Group’s Hong Kong head office at Hankow Centre in Kowloon
(Photo: AETOSWire).

HONG KONG–(BUSINESS 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.

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Lulu Group’s Rs. 1,800 cr. dream project inaugurated

May 01, 2018

KOCHI, INDIA (April 28, 2018) – Lulu Group International launched its mega project in Kochi. Pinarayi Vijayan, Chief Minister of Kerala officially inaugurated the Lulu Bolgatty International Convention Center & Grand Hyatt this morning in the presence of Union Minister Nitin Gadkari, UAE Minister for Tolerance, HH Sheikh Nahyan Mubarak Al Nahyan, Bahrain Deputy Prime Minister Sheikh Khalid Bin Abdullah Al Khalifa, Yusuffali MA, chairman of Lulu group along with ambassadors of UAE, KSA & Bahrain and other dignitaries.

The Rs. 1,800 crore mega project is part of its Rs. 13,000 cr. expansion plan in India in the retail, hospitality & food processing sectors.

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Lulu International Exchange donates Dh1m to Sandooq Al Watan

April 23, 2018

Picture: Mohamed Taj Aldeen Al Qadhi, Director General, Sandooq Al Watan, during the signing ceremony at our global headquarters in Abu Dhabi.

Lulu International Exchange has given AED 1 million to Sandooq Al Watan, the private sector social responsibility initiative that is dedicated to the development of the nation. The donation, which has been gratefully received by Sandooq Al Watan, will be used to help fund the objectives of the leadership in preparing for the post oil era, with a focus on enhancing scientific research and encouraging innovation to bring unique solutions that positively impact the community and help in achieving sustainable development.

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ARKIN gets PayNet for eSwitch

April 20, 2018


PayNet, an up and upcoming Fintech organization in the Philippines, has signed a deal with ARKIN to join their rapidly growing eSwitch network.

CEO Ralph Santos had this to say about the latest ARKIN deal: “We are truly excited to be working with a company that shares the same technological vision and passion for innovation.”

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ARKIN Technology to launch first global ewallet switch

March 19, 2018


Dedicated to its mission of carving new frontiers in the financial sphere, ARKIN is in the midst of implementing a world first: a globally available electronic wallet switch platform. Primed to take the fintech industry by storm, ARKIN’s eSwitch will first hit the Asian and Gulf Cooperation Council by Q2 or Q3 of 2018.

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Lulu Exchange Funds Digital and Innovation. Investment in Tech Startup

February 7, 2018


L/R Mr. Robert Wason (COO Lulu Exchange), Mr. Chris Aldaba (Head of Partnerships & Innovation, Lulu Exchange), Mr. Adeeb Ahamed (MD, Lulu Financial Group), Mr. Ralph Santos (CEO, ARKIN Technologies), Mr. Surendran Amittathody (CFO, Lulu Exchange), Mr. Joseph Cleetus (Head, Pearl Data Direct).

Commits to invest $3.5 million in ARKIN Technologies LTD. to offer new digital solutions Read More