Showing posts with label Elektromotive. Show all posts
Showing posts with label Elektromotive. Show all posts

Sunday, January 3, 2010

Luxembourg funds woo UAE investors


Luxembourg, the second- largest investment fund centre after the US and an important private banking centre in the Europe, is trying to attract fund managers from the UAE to invest in registered funds there, people associated with the matter told Emirates Business.

As a part of the initiatives to attract investments from the UAE into the Luxembourg-registered investment funds, the Crown Prince of Luxembourg Prince Guillaume will visit the UAE on January 12.

Officials at Loyens & Loeff, a law firm that is sponsoring the events associated with the visit, said the prince will be accompanied by Luxembourg's Finance Minister Luc Frieden.

The visit comes close on the heels of a tax treaty becoming effective between the two countries. "The visit comes as a part of the efforts to attract the UAE fund managers and initiators to use Luxembourg -registered investment funds," said Stijn Janssen, Tax Advisor with Loyens & Loeff.

Prince Guillaume will also visit Bahrain.

While Bahrain already has about 600 Luxembourg-registered investment funds, the number is much lesser in the UAE. "We want more Luxembourg-registered funds to be launched in the UAE," Janssen said. He added that 10 Luxembourg-registered funds have been in launched in the country in the past one year.

"Four of these are Shariah-compliant funds," said Valerie Mantot Groene, Attorney at Law with Loyens & Loeff. These funds have been launched by the UAE-based financial institutions and are investing within the UAE and the GCC, Groene said. About 15 Luxembourg-registered funds have been launched in the UAE in the past two years, she said.

The UAE and Luxembourg have signed a tax treaty to avoid double taxation of companies. The treaty came into effect on January 1. The two countries have also signed an MoU to allow funds registered in one country to operate in the other.

"A Luxembourg-registered fund can operate from anywhere. However, it comes under the regulations of Luxembourg financial supervisory authority — the CSSF," Janssen said.

Prince Guillaume will address a seminar at the DIFC and meet Governor Humaid Al Tayer. Trade between the UAE and Luxembourg stood at Dh57 million in 2008 but is expected to rise much higher once the long-pending FTA between the UAE and European Union is signed. Luxembourg is Europe's leading centre for reinsurance companies. Of late, it has also been attracting several information technology companies.

This is the second high- profile visit from Luxembourg in recent months. Jeannot Krecke, Luxembourg's Minister of Economy and Foreign Trade, met UAE's Minister of Foreign Trade Sheikha Lubna bint Khalid Al Qasimi two months earlier.

Sheikha Lubna invited businesses in Luxembourg to benefit from the opportunities and facilities offered by the UAE for investors. She added that it was important for companies from Luxembourg to take part in the exhibitions and commercial shows staged in the UAE as they offer marketing, promotion and networking opportunities in the region.

Source:business24-7.ae/

Friday, January 1, 2010

Middletown native travels to Luxembourg for semester


When Hannah Bentz, 19, started her freshman year at Miami University of Ohio, she thought she wanted to major in business.
From the start, though, she didn't like it. Gentz, of Middletown , said she always had an interest in history and foreign cultures and decided to take a political science class. Soon, she switched her major to diplomacy and foreign affairs.

This month, Gentz will go to Luxembourg to continue her studies abroad for a semester.

She'll stay with a host family in Differdange, Luxembourg, a part of the trip she thinks will give her insights into the local culture that staying in a dorm would not.

Among history, political science and marketing courses, Gentz will take a French class, one of several languages commonly spoken in Luxembourg, she said.

Gentz has already purchased her Eurorail train pass, and plans to travel as much as her free time allows.

"I like seeing other cultures and ways of life, and hopefully, I can incorporate that into my work someday," she said.

This summer, Gentz will help organize a model United Nations summer camp at Frederick 's UNESCO Center for Peace.

While she's in Europe, she'll promote the camp and its broader ideals of maintaining peace in the world, she said.

"I would love to work for an international organization someday," she said.

Bentz said she also plans to keep up her international travels. She wants to visit some other countries in Europe she hasn't seen, and Australia and Russia.

Source:fredericknewspost.com/

Saturday, December 26, 2009

He gave twice as much


To hear John Eden of Culpeper talk so ardently about his service as a medic in World War II evokes chills, especially when the scene is snow-covered Europe and the Nazis last ditch attempt to push back the Allied Forces at the Battle of the Bulge.
“When that battle come, I thought we were goners,” said Eden of the clash Dec. 16, 1944 to Jan. 25, 1945.
“(Adolf) Hitler started pushing us and (U.S. General George S.) Patton told us, he said, ‘I don’t know how much you soldiers been giving, but I want you to give twice that.’”
And they did — in the deadly cold, rooting out Hitler’s army while suffering tremendous losses. American casualties amounted to 81,000, including 19,000 killed.
Eden and his kind made up one magnificent generation — so sure of their mission of fighting evil, so united at home and overseas.
The Battle of the Bulge is one piece of that effort, but he hopes folks won’t ever forget it. Eden sure hasn’t. He said he would do it all again.

Blood and guts
This year marked the 65th anniversary of the beginning of the Battle of the Bulge in Belgium and Luxembourg so named for the bulge that was created when the German Army moved into Ardennes and split the American and British forces.
Eden, a charter member of the Battle of the Bulge Veterans group, called the Star-Exponent earlier this month about wanting to tell his story.
It sure was worth hearing.
He is rightfully proud of his World War II service, and his memories of the Bulge are as fresh as ever.
Eden donned his old medic’s uniform for the interview, except for the wool pants, which he admitted were a big snug.
He pulled out a glass case of mementos from the war too, including German brass knuckles and cigarettes, his dog tags to which he attached a German bullet — “the one that was supposed to get me,” but didn’t — an old canteen, his mother’s Bible that he carried in his left shirt pocket for the duration of the war and a pair of scissors with which he used to cut bandages on the battlefields of the Bulge.
“For 48 hours, I never batted my eyes,” Eden said of one stint during that winter of 1944. “I kept driving, hauling sick and wounded back to the hospitals. I used to rub snow in my eyes to stay awake. Now my eyes are failing me,” he added quietly, “and I kind of blame a lot of it on that.
“That was a rough time in my life,” Eden went on, again quoting Patton — “Blood and guts.”
He saw a lot of that during his time in Europe, and he did his best to reassure the soldiers who were so seriously wounded he knew they would never make it home.
One particular mission, however, stands out for Eden — the frigid December night when he drove his ambulance into the center of the Bulge to transport a surgical team to a wiped out hospital in Bastogne.

A harrowing journey
It was about 3 p.m. the day after the battle began when a major in the hospital in Luxembourg, where Eden was stationed, called him into the office.
“Hitler’s tanks had overrun them in Bastogne — took their field hospital — so they tagged me, said, ‘Take this surgeon and his nurse and get them up there to the wounded.’ He asked me to take them around the boot of the bulge to the destination.”
The trip was a straight shot north, about 60 miles, with Eden weaving in and out and all around the Germans, turning back to avoid downed bridges and nearly getting caught up at several points.
“I knew the directions, had maps and an assistant driver who was pretty good,” he said. “I’d start up this road, knowing Hitler had dropped hundreds of soldiers over behind that line, killed our boys and took their uniforms — they had our uniforms on — so it began to get frightening. You didn’t know if he was a German or what he was trying to get you into.
“It was dangerous.”
Still working his way around the bulge, Eden said he’d start to go up another road before being advised to turn around — “The Germans are right there and they’re fixing to blow up that bridge.”

Passwords and medals
At supper time, Eden and his medical team dined with the 101st Airborne near the Sedan Forest before continuing on through the thick of the battle.
Soon after, they ran into a road block.
“One of the 82nd has his bayonet on me asking, “What is the password? I said, ‘Password? I don’t know it. I’m not from around here,’” Eden said.
Further pressed, the medic told the guard he lived in Virginia.
“He said, ‘What newspaper do you read?’ and I said, ‘The Washington Post.’ That got us through.”
For future reference, the guard told Eden before sending him on their way, the password was, “Babe Ruth.”
Still making his way around the Bulge, Eden crossed over into British territory and met up with a Brit on a motorcycle.
“He said, ‘Old chappy, where are you trying to go?’ I said, ‘I got a surgical team here trying to get up to Bastogne,’ and he told me to follow him. The next morning by 8 o’clock, I got into Bastogne.”
Heavy snow was falling as Eden headed back to from where he started. Driving farther into the countryside, he noticed tanks American tanks stuck in snow drifts. So were soldiers’ bodies.
“It was some time before the snow melted and we found them all,” Eden said.
He considered his transport of the medical team during the Battle of the Bulge his greatest accomplishment of the war.
“I was real happy about it and I still feel good,” Eden said.
He always felt he should have got a medal for that harrowing journey, but it never came.
“I still am thankful that a played a part in it,” Eden said.

He applied himself
There was never any question that he would join the Army to fight in World War II. For Eden, like most others from the Greatest Generation, it was about personal responsibility.
Before enlisting in Lynchburg in 1942, he married Phoebe — a local girl from Jeffersonton that Eden met while working on the road crew that extended Route 229 from Rixeyville north to U.S. 211. Eden grew up in rural Tennessee, the son of sharecroppers and one of 12 children.
He came to Virginia during the Great Depression in search of work and got a job through Roosevelt’s WPA program helping to build Skyline Drive.
Eden could have gotten a deferment from service in World War II, but there was no way.
“I told my boss, ‘No. I want to go ahead and fight the Germans over there and stop them from coming over here and killing our women and children.’ I seen how he wanted to rule the world,” he said.
Armed with a childhood of hard work on the farm and an eighth-grade education, Eden expected he’d be assigned to an engineering crew, building bridges and roads and such.
“They picked me for the medics,” he said, suspecting, “They knew I helped people, that I had sympathy for people.”
Eden excelled during the medical training, learning every pressure point and bone in the human body. He put the medics from up north, many of who had college educations, to shame with his high marks.
Soon enough, Eden gained as a name as a respected medic. It’s a lesson he has carried with him since.
“I told my kids my whole life, ‘If you apply yourself, you can learn it.’”
He credits his intensive training for getting him through World War II and the Battle of the Bulge, as well as a little something else.
“I never forget to say my prayers.”

Source:starexponent.com/c

Saturday, December 5, 2009

Elektromotive heads to Belgium and Luxembourg

UK based Elektromotive is making headway in the electric vehicle recharging market after appointing ThePluginCompany to install networks of charging stations across Belgium and Luxembourg.

Pilot schemes will begin almost straightaway, with 20 Elektrobay units to be installed in the country by the end of the year with further rollouts planned in 2010.

The first project starts in Brussels at the headquarters of LeasePlan, the world’s largest vehicle management and leasing provider. Installations at other LeasePlan locations will follow next year, supporting the company’s commitment to increasing the availability of both low and zero emission vehicles within its European fleet.

In addition, Elektromotive and The PluginCompany will work together to educate businesses and legislators in Belgium and Luxembourg about the benefits of zero emission motoring as well as the need for compatible recharging infrastructures. They will then detail the steps that can be taken to quickly implement the Elektrobay networks ahead of the arrival of new electric and plug-in hybrids which are scheduled to be launched over the next three years.

The first Elektrobay was introduced in Westminster, London, in 2006 and by December 2009 there will be more than 120 across the capital with a further 90 charging stations installed in cities and shopping centres around the UK. Elektromotive has also exported its technology to the Netherlands, Iceland, Saudi Arabia, Ireland, Germany and Sweden.

Source: thegreencarwebsite.co.uk/