The Bazaar DC by José Andrés (JF33) Obtains USCIS Project Approval

WASHINGTON, June 12, 2024 (GLOBE NEWSWIRE) — EB5 Capital, a leading EB-5 Regional Center operator, is pleased to report that on May 30, 2024, its restaurant project, The Bazaar DC by José Andrés (JF33), was approved by the United States Citizenship and Immigration Services (USCIS). This Form I-956F approval signifies that USCIS has verified the compliance of JF33, and the individual foreign investors who invested in the project are now closer to obtaining conditional residency in the United States.

The Bazaar DC by José Andrés (JF33) is the development of a 227-seat, approximately 10,000 square-foot, high-end restaurant located in the historic Waldorf Astoria in Washington, DC. EB5 Capital provided a portion of the financing for JF33. The Bazaar DC by José Andrés opened to the public in 2023 and is among 20 EB5 Capital projects in the nation’s capital. In 2019, EB5 Capital also supported the financing of The Ritz-Carlton New York, NoMad, which includes another location of The Bazaar.

EB5 Capital’s JF33 project is owned and managed by José Andrés Group (JAG), a highly reputable and respected restaurant operator based in Washington, DC with nearly 40 restaurant concepts across the United States and internationally, including The Bazaar by José Andrés, barmini, Jaleo, Zaytinya, China Poblano, Oyamel, China Chilcano, in addition to an array of others in its fast-casual division. Sam Bakhshandehpour was recently promoted to Global CEO of the José Andrés Group (JAG), formerly he served as President, and world-famous chef and humanitarian José Andrés, will continue to serve as Founder and Executive Chairman of JAG.

“We would like to congratulate the investors who joined JF33, the first restaurant project in our 40-project portfolio,” said Patrick Rainey, Senior Vice President of Investments at EB5 Capital. “This approval is also a major milestone for our team as it marks our 10ᵗʰ project approved since the EB-5 Reform and Integrity Act of 2022 went into effect.”

EB5 Capital is looking forward to receiving individual I-526E petition approvals from USCIS soon and supporting its investors with the next steps in the immigration process. The firm will continue to identify and execute on EB-5 projects that not only meet the rigorous requirements of USCIS but contribute meaningfully to local communities and economies across the United States.

About EB5 Capital

EB5 Capital provides qualified foreign investors with opportunities to invest in job-creating commercial real estate projects under the United States Immigrant Investor Program (EB-5 Visa Program). Headquartered in Washington, DC, EB5 Capital’s distinguished track record and leadership in the industry has attracted investors from over 75 countries. As one of the oldest and most active Regional Center operators in the country, the firm has raised over $1 billion of foreign capital across approximately 40 EB-5 projects. 100% of our investors’ funds are protected by the Federal Deposit Insurance Corporation (FDIC) insurance prior to their deployment into our projects. Please visit www.eb5capital.com for more information.

Contact:
Katherine Willis
Director, Marketing & Communications
[email protected]

GlobeNewswire Distribution ID 9152932

XTransfer and Banking Circle Announce Strategic Partnership

Collaboration Set to Boost Payment Capabilities for Importers/Exporters  in Europe and the Middle East

HONG KONG SAR – Media OutReach Newswire – 11 June 2024 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, and Banking Circle, the innovative tech-driven Payments Bank, have entered into a strategic partnership. This collaboration aims to reduce the cost and processing time of cross-border payments for XTransfer’s clients, particularly benefiting Chinese suppliers with significant markets in Europe and the Middle East.

Both XTransfer and Banking Circle are committed to minimising the cost associated with global trade payments. XTransfer focuses on providing SMEs with secure, compliant, fast, and cost-effective cross-border payment and fund collection solutions, thereby enhancing global competitiveness and facilitating international expansion. Banking Circle has established a comprehensive local clearing network for major currencies and an effective FX engine supporting 24 currencies, ensuring quick, low-cost payments without hidden fees.

Through the integration of Banking Circle’s infrastructure, XTransfer can now offer its clients a broader array of local payment and fund collection options. Clients will be able to receive payments not only in major currencies like the US Dollar, Euro, GBP, and Danish Krone, but also in six additional currencies in Europe and the Middle East. This partnership is expected to expand further, with plans to introduce even more currency options in the near future.

This development is particularly advantageous for businesses dealing with Chinese suppliers. Buyers in Europe and the Middle East will have the convenience of paying Chinese suppliers in a wider range of local currencies.

Bill Deng, Founder and CEO of XTransfer, commented on the partnership, “Our alliance with Banking Circle represents a significant step forward in our expansion into the European and Middle Eastern markets. This partnership not only accelerates XTransfer’s global ambitions but also promises to revolutionise the international trade landscape for businesses. We are eager to see the continued success of this collaboration.”

Laust Bertelsen, Co-Founder and CEO of Banking Circle added, “We are thrilled to support XTransfer’s vision for global trade. By leveraging Banking Circle’s accounts and payment rails, XTransfer can streamline the payment process for its clients, reducing both costs and transaction times.”

XTransfer

XTransfer, World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing SMEs with secure, compliant, fast, convenient and low-cost foreign trade payment & fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong, the United Kingdom, the Netherlands, the United States, Canada, Japan, Australia, and Singapore. XTransfer has obtained local payment licenses in Hong Kong, the United Kingdom, the United States, Canada, and Australia. With more than 450,000 enterprise clients, XTransfer has become the industry No.1 in China.

By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and built a data-based, automated, Internet-based and intelligent anti-money laundering risk control infrastructure centred on small and medium enterprises. XTransfer uses technology as a bridge to link large financial institutions and small and medium enterprises around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations.

XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The Company possesses a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners.

For more information: https://www.xtransfer.com/

Official Stresses Renewable Energy Investment at EU-Jordan Business Forum


Amman: Amani Azzam, Secretary General of the Ministry of Energy and Mineral Resources, emphasized the importance of investing in renewable energy in Jordan. Noting that renewable energy contributes approximately 30% to the nation’s total energy mix, Azzam highlighted the sector’s significant potential for investment.

While presenting a discussion paper during the first session of the “European Union-Jordan Business Forum 2024” entitled “Green Energy Sources for the World: The Case of Jordan,” Azzam underscored the necessity of employing modern technology to generate clean energy, stressing the importance of utilizing the latest advancements in renewable energy technology to achieve clean energy goals and reduce carbon emission rates.

In a statement issued by the Ministry on Wednesday, Azzam reiterated the ministry’s commitment to diversifying energy sources across various sectors, aiming to achieve green energy generation under the highest international standards.

She also praised the European Union’s supp
ort for Jordan in the energy sector, noting the substantial aspirations and prospects fostered through a robust and effective partnership.

The forum, in its inaugural edition, aimed to boost European Union investments in Jordan, enhance Jordanian exports to the European Union, and contribute to the strategic partnership priorities between Jordan and the European Union. It provided a platform to showcase opportunities and facilitated the gathering of policymakers, local business leaders, international investors, business support organizations, international financial institutions, and diplomatic missions.

Source: Jordan News Agency

Jericho: Settlers demolish 10 barracks in the central corridors

Jericho – Together – This Tuesday morning, settlers demolished 10 ‘barracks’ in the Al-Kaabna Arab Bedouin community, in Al-Ma’rajat Al-Wusta, west of the city of Jericho.

The general supervisor of the Al-Baidar Organization for Defending Bedouin Rights, Hassan Malihat, said in a press statement that settlers began in the early morning hours, using bulldozers, to demolish 10 barracks owned by citizens of the Kaabna Arabs in Al-Ma’rajat, west of Jericho, knowing that the residents of this area have been displaced and forced to leave their homes. Under the weight of settler attacks and threats earlier this year.

The general supervisor added that the occupation and its settlers aim to demolish and target Bedouin communities, uprooting them from the land with the aim of controlling them in the context of the demographic battle taking place in areas classified as (C).

Source: Maan News Agency

PM Greets Al-Azhar Grand Imam on Eidul Adha

Prime Minister Mostafa Madbouli on Wednesday 12/6/2024 greeted Al -Azhar Grand Imam Ahmed el-Tayyeb on the occasion of Eidul Adha.

In a cable, the premier extended his sincere greetings to the grand imam, the Egyptian people, the whole Arab and Muslim nations on the occasion, wishing them more peace, progress and prosperity.

Eidul Adha, known as the “Feast of Sacrifice”, is the most important feast on the Muslim calendar. It commemorates Prophet Ibrahim’s willingness to sacrifice his son Ismail as an act of obedience to God, before God intervened to provide him with a sheep to sacrifice instead.

It falls on the 10th day of Dhu al-Hijjah, the twelfth and final month of the Islamic calendar.

Source: State Information Service Egypt

PM Greets President El-Sisi on Eidul Adha

Prime Minister Mostafa Madbouli on Wednesday12/6/2024 greeted President Abdel Fattah El Sisi on Eidul Adha.

In a cable, the premier extended Eid greetings to the president on behalf of the government and expressed wishes that peoples of Arab and Muslim countries would enjoy peace and tranquility.

Madbouli renewed vows of maintaining efforts meant to support the development path, under the leadership of president Sisi. He asked Allah for granting Egypt and its people security, safety and prosperity.

Source: State Information Service Egypt