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Entries for March 2008

Royal Society of Medicine honors Chaldean Billionaire Nadhmi Auchi
By David Najor :: 16 Views :: Article Rating :: Business & Finance, World News & Odds 'N' Ends

London, UK- Britain’s Royal Society of Medicine (RSM) had organised a ceremony in honour of Chaldean businessman Nadhmi Auchi, Chairman of General Mediterranean Holding (GMH), and President of the Anglo Arab Organisation (AAO).  The ceremony, which took place at the RSM building in London, was in appreciation of Auchi’s efforts in supporting the cause of medicine in the United Kingdom, which included funding medical research projects and sponsorships.

Present at the ceremony were a number of Arab Ambassadors, British Lords and MPs, and prominent figures in the medical profession. As a token of gratitude, the RSM has named the main hall in his name “The Nadhmi Auchi Foyer".

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Burglars Rampage Chaldean Owned Ramona Market
By Huda Metti :: 89430 Views :: Article Rating :: Law & Order, Business & Finance, Government & Society

California, USA - Three hooded and masked burglars smashed their way into the Ramona Market on Main Street Sunday, March 2, at midnight.   Having disabled the store’s redundant security alarm systems, the burglars rampaged through the store for 30 minutes, breaking registers with a crow bar, strewing papers and inventory all around the store, smashing bottles, and destroying as much as stealing.  Security cameras captured the burglary, showing the robbers wearing hooded sweatshirts, or “hoodies,” over ski masks and wearing gloves.

Main phone lines were cut before they even started the break-in, said store owner Rami Yousif after ordering a third redundancy on the store’s security system. Damage and theft add up to more than $40,000, he said.  Safety was one of the most important reasons the Yousif family bought the Ramona Market, Yousif said.

“My family chose Ramona when we bought the store 15 years ago because it was a nice place to be at, people seemed to be nice, willing to do business. We knew that it would be safe,” he said.  “Five years ago there were times when I forgot to lock the door overnight and everything would be untouched. It was Ramona.”

Not anymore.

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What Makes Your Business Different?
By David Najor :: 102632 Views :: Article Rating :: Business & Finance, Opinion and Editorials, Chaldean American Professionals

Every Chaldean business entrepreneur is in business to make a profit.  That means having customers, and lots of them.  It goes without saying that location is important.  Having a hotel by an airport, business district, or entertainment district is a “no brainer”.    Opening a store at the crossroads of a busy intersection or highly dense residential area is just as simple.  So simple that you will find four convenient stores facing one another or two hotels across the street from one another.  Location is one of the primary deciding factors for guests. 

If the hotels are next door to each other; one isn’t closer to the airport.  One isn’t closer to downtown. If the location could sustain a million dollars in sales and there are four stores vying for that million we can safely estimate $250,000 each.  Can we?  Will each business operate the same?  Will each owner carry the same goods or offer the same service?  Drive by any corner crowded with businesses and you would be stunned at how similar they are.  There is nothing unique about any of them.  They are virtually indistinguishable from each other.

Limited business entrepreneurs turn to the easiest solutions to differentiate their business.   Lower prices or give more goods away.  This simplistic solution may be a good short term solution but in the long run hurts the business.   The long term fix for any Chaldean business owner is to differentiate their business by offering better service and developing meaningful customer relationships.

And this is how to do it…..

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Chaldean Loses Millions in Store Fire
By Rita Abro :: 63224 Views :: Article Rating :: Law & Order, Business & Finance

California, USA – “Everything I have worked so hard for over the past four years, I have lost in one night,” said owner Andy Kakoz.

A crowd of about 50 people gathered across the street to watch firefighters douse the flames of a million dollar discount store in Downtown El Cajon, California. At one point, water from three ladder trucks was being poured on the roof while firefighters on the ground busted windows to pour water on the flames. Firefighters from four agencies fought to bring the fire under control. Even two hours after it started, some flames were still coming of the roof.

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Over 100 Chaldean Property Investors File $60 Million Lawsuit
By David Najor :: 47 Views :: Article Rating :: Law & Order, Business & Finance

Michigan, USA - "My clients are bleeding to the tune of about half a million per month," says Shallal, a shareholder in the Southfield, Mich.-based law firm Mekani Orow Mekani Shallal Hakim & Hindo PC.

Nearly 115 Chaldean property investors have joined hands to teach Ginn Co. a costly lesson. 

The federal suit alleges the Celebration-based developer misled them on the investment potential of nearly 130 home sites in four luxury communities in Florida.  The Chaldean investors claim Ginn Co. violated interstate land laws, SEC rules, perpetuated a Ponzi scheme after buying lots in Bella Collina, Reunion and other Fla. communities.

The Chaldean plaintiffs include well known and respected community leaders outraged over the alleged deceit and deception. 

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Plum Market #2 Woos Ann Arbor
By Huda Metti :: 63464 Views :: Article Rating :: Business & Finance

Michigan, USA- In a little less than a few years, brothers Matt and Marc Jonna have added their second specialty gorcery store Plum Market in Ann Arbor.  Ann Arbor residents have fast filled the isles of the high-end grocery store. 

"We can't wait for Plum Market to become an active part of the unique community that is Ann Arbor," says co-founder Matthew Jonna. "We're looking forward to creating an environment where friends and neighbors can shop, share and just generally have a great experience."

The upscale grocer's 28,000 square feet in the Maple Village Shopping Center takes up most of the space of what was once the Foxtown movie theater.  This is the grocer's second location. Its first is in Bloomfield Township. There are also plans for one in downtown Royal Oak in the second phase of the Main North Lofts development and future ones throughout Metro Detroit.

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