Beyond Remittance: NRI Conference begins today in Kuwait

[email protected] (S M Farooq)
February 9, 2012

kuwaitcity

Kuwait City, February 9: the first Middle East NRI conference based on a theme “Beyond Remittance: Can an ordinary NRI save for his retirement” will begin in Kuwait on Thursday at Hotel Ramada International Reggae.

The event organized by Kuwait Kerala Muslim Association (KKMA) and the Foundation for Enhancing Expatriates Life (FEEL) along with State Bank of Travancore (SBT) would focus and explore different ideas and characteristics of savings products that can facilitate the commitment to save by lower income group of NRIs; and how government can participate in such ventures.

The Beyond Remittance Conference is expected to come up with a set of recommendations to improve the impact of remittances by encouraging saving and investment habits among NRIs. The conference shall help identifying key issues and make appropriate recommendations for action by the government authorities, financial institutions and organizations for developing savings schemes aimed at NRI rehabilitation and retirement income.

The two-day Conference will begin today with an Experts Dialogue session participated by financial experts, business executives and social leaders will be conducted to review the role of government, financial institutes and social welfare organizations in fostering financial inclusion of lower income NRIs. On Friday, the Ambassador of India Shri Satish C. Mehta will inaugurate the first ever NRI Conference discussing savings issues of lower income groups of Non Resident Indians. Featuring expert speakers from government, finance and social sectors and 500+ delegates, this is a unique opportunity for social leaders to gain invaluable insights into the financial concerns of ordinary NRIs and explore possibilities to assist them in securing their future.

Mr. M.M. Hasan, former minister for NRI Affairs in Kerala State, Padmashree holders of government of India Dr. Azad Moopen and CK Menon, NORKA Roots CEO Mr. Noyal Thomas, Managing Director of State Bank of Travancore, Mr. Nandakumaran P., SBT’s Chief Manager for International Banking Business Mr. Jyothish Kumar, UAE Exchange Company’s chief operating officer Mr. Sudhir Shetty, Mr. Pramod Mangatta, Global Operations Vice President along with prominent business and community leaders from Kuwait will attend in this Conference.

The experts and prominent personalities from multi fields, such Mr. Sunny Mathew ,Mr. John Mathew Arab Entertech Deputy Chairman, R Kuppanna Kuwait Indian Exchange General Manager, Mr. K.N. Das Lulu Exchange General Manager , Mr. Pancily Varkey Country Head UAE Exchange, Mr. K.P. Paulson, Strategic Head Alahli Bank Kuwait, Mr. Sala Ahmed Al Salah from Kuwait Inernational Bank, Mr. E.D. Titus Bahain Exchange Company, Mr. Rajesh Gairola Al Mulla Exchange Company, Mr. Rexy Willams Asset Avenues will present relevant papers at the Conference.

The Beyond Remittance Conference shall also witness dedication of the Foundation Foundation for Enhancing Expatriate Life (FEEL) and also honoring prominent personalities with NRI jewels award for their significant contribution for the welfare of NRIs in the gulf countries.


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News Network
November 21,2024

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Prominent NRI community leader SM Syed Khalilur Rehman, fondly known as CA Khalil, passed away in Dubai on Thursday at the age of 86 after a brief illness.

Khalil had been admitted to Aster Hospital in Mankhool on Tuesday after experiencing severe leg weakness. Despite the best efforts of the medical team, he succumbed to a double heart attack that worsened his condition, his son Rais Ahmed confirmed.

The news of his passing has sent waves of grief across communities, particularly in his hometown of Bhatkal, Karnataka, where he was a celebrated figure. Tributes have been pouring in on social media, highlighting his significant contributions to international trade, social service, and education.

A Legacy of Leadership and Service

A chartered accountant by profession, Khalil was a founding member of the Dubai chapter of the Institute of Chartered Accountants of India (ICAI), where he served as chairman from 1987 to 1994. His illustrious career included key leadership roles, such as general manager of Khaleej Times, group executive director of the Ilyas and Mustafa Galadari Group, and vice-chairman of the Jashanmal Group of Companies.

He also chaired Maadhyama Communications and Sahil Online, a web-based news platform, and was a director and trustee of several media companies and charitable organisations in Dubai and India.

A Champion for Education and Philanthropy

Khalil’s impact extended far beyond his professional achievements. As president and general secretary of Anjuman Hami-e-Muslimeen, he played a pivotal role in the development of educational institutions, including schools and colleges in Bhatkal and surrounding areas. His dedication to social upliftment earned him recognition from the Government of Karnataka, which honoured him with a prestigious award for his philanthropic contributions.

A Life Celebrated

The Bhatkal Muslim Khaleej Council (BMKC) recently released a documentary celebrating Khalil’s remarkable life and service to the community—a testament to his enduring legacy.

CA Khalil is survived by his family and countless admirers across the globe. His passing marks the end of an era for Indian expatriates in the UAE and beyond, leaving behind a legacy of leadership, generosity, and commitment to community service.

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News Network
November 18,2024

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Dubai: A 15-year-old Indian expat boy drowned after he was caught by huge waves in the sea off Mamzar Beach in Dubai. 

Ahmed Abdulla Mafaz, a 15-year-old school student in Dubai, died while his sister Fathima, a university student, was rescued, according to their father Mohammed Ashraf. The family hails from Kerala’s Kasaragod.

The grieving father said the incident happened when the Indian expat family went for an outing at the beach park.

Recounting what happened, he said: “We were all sitting on the beach and playing around in the water. I had just gone to the washroom when it [the tragedy] happened.”

He said both Mafaz and Fathima knew how to swim and it was not clear how they were swept away.

“I think there were huge waves and they got pulled by the strong current.”

Fathima’s screams for help were heard by another beachgoer who rushed to rescue her. “He is an Arab national. He rescued our daughter. We have no words to thank him,” the father said.

However, there was no sign of Mafaz, a grade 10 student of New Indian Model School in Dubai.

Meanwhile, the police were called in. Dubai Police said they received a call about two persons drowning.

“As soon as we received the report, the rescue team from the Ports Police Station in Dubai conducted a search,” a spokesperson said. 

However, there was no luck on Friday night. The search operation was intensified with divers and drones on Saturday, following which the boy’s body was fished out on Saturday evening.

The family has decided to lay him to rest in Dubai once the legal procedures are over, said Ibrahim Berike, a member of the volunteering team from Kerala Muslim Cultural Centre (KMCC) that is providing supportfor the paper work.

He said the family is shattered after the devastating tragedy. “They have four children. Fathima, who is doing MBA, is the eldest daughter. Mafaz was the third child. His other two siblings are also boys. Their mother, who was also there on the beach, is inconsolable,” he added.

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