Bitbuy and Cred launch High-Yield Crypto lending platform

Bitbuy, one of Canada’s leading cryptocurrency trading platforms, and Cred, a licensed San Francisco based leader in cryptocurrency lending and borrowing, today announced a strategic partnership that will accelerate the growth of the cryptocurrency economy and open finance in Canada.

Through this partnership, Bitbuy will become the first Canadian cryptocurrency trading platform to allow their users to earn interest on their cryptocurrency holdings. Canadians that hold Bitcoin, Ethereum, Bitcoin Cash, among others, will be eligible to earn up to 10% annualised interest on their holdings through a trusted and dependable provider.

“Enabling Canadians to earn from cryptocurrency is a natural step for Bitbuy. Identifying an experienced partner with an existing protocol in Cred allows us to expedite this process. We’re excited to instantly provide Canadians with this service offering,” said Adam Goldman, Bitbuy president, and founder.

The offering will be made available immediately through a co-branded microsite, with plans to develop a fully customised integrated solution in early 2020. No account minimums will be required, and interest will be paid every three months. Each initial term will be for six months, with the ability to roll over the cryptocurrency assets.

“It’s great to add Canada to the 179 countries we serve, and we’re excited that we found the right partner in Bitbuy to help Canadians earn money on their cryptocurrency simply by loaning it out,” said Dan Schatt, co-founder, and president of Cred.

The partnership comes as savings, lending and earning have emerged as some of the most popular new offerings within the cryptocurrency industry worldwide.

“There is an increasing number of Canadians who own cryptocurrencies and plan to hold these assets for the long-term. Lending will allow them to keep their assets safe while earning interest. Why not earn money while you HODL?” said Goldman.

Cred, founded by former executives of PayPal and Goldman Sachs, has taken numerous steps to ensure that its investments are always secure and fully compliant. The company, which has secured more than $300 million in lending capital, has implemented the industry’s most comprehensive set of risk management, information security, and insurance protection.

“At the end of the day, people should trust what happens in the world of cryptocurrency as much, if not more, as they do in the world of fiat,” Schatt said. “That’s why we’ve spent a lot of time and effort making sure your investments are safe with us.”

Bitbuy and Cred are equally committed to ensuring that Canadians have easy access to industry-leading products and services. As the cryptocurrency economy continues to evolve, the two companies plan to collaborate on more initiatives and offerings.

Kosair Charities grant supports SIEF

The Shriners International Education Foundation (SIEF) was created to support and expand educational opportunities and leadership development of our fraternity members and allied organisations. Since establishing SIEF, we’ve expanded offerings to include distance learning programs via live webinars and on-demand video training, and enhanced program content at our seminars.

Kosair Charities also believes that education is a critical component to the success of our fraternity and we are pleased to announce their support of SIEF, through a generous grant of $50,000 to further enhance training programs for current and future fraternity leaders – helping to provide the necessary tools to more effectively lead our hospitals and temples.

John Piland, executive vice president of Shriners International, accepted the grant on behalf of Shriners International at the Shriner Appreciation Reception hosted by Kosair Charities on Oct. 3. The evening celebrated the history of both organisations, while providing an update on grant recipients, future goals, and recognising key honorees.

“Shriners International Education Foundation is extremely grateful to Kosair Charities,” said Piland. “This partnership will allow the fraternity to make a sustaining impact by providing education, training and leadership development at the 2020 Assistant Rabban Seminar, and strengthening other efforts.”

Representatives of Kosair Charities will attend the 2020 Assistant Rabban Seminar in Tampa, Florida, March 9-11, 2020, and the closing reception will be named in their honor.

“We are proud of this grant and are looking forward to great impact with it as we help future Shrine leaders better understand leadership, responsibility and our mission to help children,” said Keith Inman, president of Kosair Charities.

We thank the board of Kosair Charities for their support of Shriners International and their commitment to preparing future leaders of the fraternity.

About Kosair Charities

Kosair Charities enhances the health and well-being of children by delivering financial support for healthcare, research, education, social services and child advocacy. We envision a word in which children in need live life to the fullest.

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If you join Advisory Excellence you will be issued a 2020 Certificate of Excellence logo for your website and email signature. Founded in 2013, the Certificate of Excellence honours firms that deliver consistently great service. This designation is given to experts who have been recognised by Advisory Excellence over the past 12 months. Establishments earning the Certificate of Excellence are located all over the world and do outstanding work.

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NIKE, Inc. announces sale of Hurley to Bluestar Alliance

NIKE, Inc. announced today it has reached a definitive agreement to sell the Hurley brand to Bluestar Alliance LLC. Terms of the transaction are not being disclosed and it is expected to be complete in December.

“We appreciate how Bob and the Hurley team have built Hurley into the world’s most innovative surf brand,” said Michael Spillane, President of Categories and Product, NIKE, Inc. “As we drive increasingly more targeted investment and focused growth through Nike’s Consumer Direct Offense, this change in ownership will allow sharper focus and intentional investment in Hurley’s growth potential.”

“We have always admired the Hurley brand as it has maintained its leadership role and premium positioning in the surf world,” stated Joey Gabbay, CEO of Bluestar Alliance. “This is a transformative acquisition for Bluestar as Hurley’s international footprint will enhance Bluestar’s reach around the world. We look forward to building upon the existing Hurley network and expanding to additional countries with the deep relationships that already exist within the Bluestar portfolio of brands. We see Hurley continuing to evolve into a 360-degree lifestyle brand, with action sports playing a key role.”

About NIKE, Inc.

NIKE, Inc., based near Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly-owned NIKE, Inc. subsidiary brands include Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories.

If you would like to find out more information, please visit: https://investors.nike.com/

New Efforts to Boost Dubai’s position for Commercial Arbitration

The newly formed board of trustees of the Dubai International Arbitration Centre (DIAC) held its first meeting earlier today at Dubai Chamber of Commerce Industry’s head office where it discussed new plans and efforts to boost Dubai’s position as a global centre for commercial arbitration.

The meeting comes after H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued a decree related to DIAC, an initiative of Dubai Chamber, which established the centre’s new board of trustees.

The board is joined by legal experts and business leaders, while UAE nationals represent 80% of new members.

The meeting was chaired by Dr. Ahmed Hassan Mohammed bin Al Sheikh, Chairman of the Board of Trustees, and attended by Dr. Ahmed Saeed bin Hezeem Al Suwaidi, the board’s Deputy Chairman; and board members Saeed Mohammed Al Shared Al Falassi; Ahmed Saeed Majed Belyouha; Ahmed Mohammed Ali Al Rashid; Jehad Kazim; Dr. Hassan Mohammed Arab Darwish; Abdulaziz Mohammed bin Shafaar Al Marri; Graham Kenneth Loufit; and Robin Joy Abraham.

During the meeting, board members thanked H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, for his trust and confidence in the new board which has been tasked with enhancing Dubai’s reputation as a preferred destination to settle commercial disputes.

Dr. Ahmed bin Al Sheikh pointed out that the new board offers a wealth of legal and business expertise which will enhance its ability to meet the evolving demands of Dubai’s maturing business community, and stressed the important role of commercial arbitration in advancing the emirate’s global appeal as an attractive place to do business. He added that the board is in the process of developing new plans and strategies in line with Dubai’s ambitious vision and sustainable development goals, adding that its efforts would help boost investor confidence in the market.

For his part, H.E. Majid Saif Al Ghurair, Chairman of Dubai Chamber, described DIAC as the leading commercial arbitration centre in the Middle East and North Africa, offering a high calibre of arbitration services and facilities applying best international practices in settling commercial disputes.

H.E. Al Ghurair, expressed his confidence in the board of trustees’ ability to achieve its objectives, raise arbitration standards and improving ease of doing business in Dubai.

The Dubai International Arbitration Centre (DIAC), the largest arbitration centre in the Middle East, provides local and international business communities with commercial arbitration services. DIAC was initially established by the Dubai Chamber of Commerce and Industry in 1994 as the Centre for Commercial Conciliation and Arbitration.

If you would like to find out more information, please visit: https://bsabh.com/

The Park Hyatt brand celebrates debut of Park Hyatt Kyoto

Hyatt Hotels Corporation announced today the opening of Park Hyatt Kyoto. Set in the heart of this noble city with centuries of history and heritage, Park Hyatt Kyoto unfolds a journey of discovery with enriching, sophisticated and rare experiences.

Park Hyatt Kyoto is located in one of the city’s best-preserved historic districts, Higashiyama hills. The region, known as the birthplace of traditions such as the Japanese tea ceremony, the Ikebana flower arrangement and Japanese Zen gardens, will offer a rich foundation for the hotel. Park Hyatt Kyoto embodies the quintessential Japanese guesthouse, offering a serene Higashiyama hillside retreat for discerning global travelers and local residents. The hotel is next to Kodai-ji temple and within walking distance to many of Kyoto’s UNESCO World Heritage sites, including Kiyomizu-dera temple, and offers sweeping views of the city and Yasaka Pagoda. Park Hyatt Kyoto is located less than one mile (1.5 kilometers) from the Kyoto train station, which connects travelers to Tokyo in just over two hours via the Nozomi Shinkansen bullet train.

“We are delighted to celebrate the opening of Park Hyatt Kyoto, the second Park Hyatt hotel in Japan in 25 years, and to offer guests a refined home-away-from-home in this remarkable city,” said David Udell, group president, Asia Pacific, Hyatt. “We are grateful to the hotel’s owners, Kyoyamato and Takenaka Corporation, for their trust, support and deep understanding of luxury hospitality. Park Hyatt Kyoto is a celebration of Japanese harmony and tranquillity and we look forward to seeing guests immerse themselves in the city’s inspiring heritage and culture.”

Located within the same grounds as Park Hyatt Kyoto, guests can find a historic garden with steps leading to Kyoyamato, a traditional ryotei and culinary institution which opened in 1877 and serves authentic, seasonally inspired Kaiseki cuisine. Kyoyamato, one of the hotel’s owners, is a seven-generation, family-run business and consists of several historic buildings including “Soyotei,” a teahouse from the Edo era with a private room where feudal warlords once secretly met. Its storied gardens and traditional houses complement the hotel’s modern interpretation of classical Japanese architecture and intimate hospitality.

“We are excited to introduce the Park Hyatt brand of personal and exceptional hospitality in a special place like Kyoto and look forward to unlocking the unique character of Japan’s ancient capital of high arts and craft,” said Mark de Leeuwerk, general manager, Park Hyatt Kyoto. “It has been a privilege for us to work closely with our neighbours in Higashiyama as well as the artisans and craftsmen of this beautiful city.”

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 20 premier brands. As of June 30, 2019, the Company’s portfolio included more than 875 properties in over 60 countries across six continents. The Company’s purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company’s subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination®, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, Joie de Vivre®, Hyatt House®, Hyatt Place®, tommie™, Hyatt Residence Club® and Exhale® brand names, and operates the World of Hyatt® loyalty program that provides distinct benefits and exclusive experiences to its valued members.