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Dubai Ruler praised Majid Al Futtaim work and now onwards get priority in Govt Contracts.

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Dubai Ruler praised Majid Al Futtaim work

The number of UAE nationals in the sector is from 2 per cent to 10 per cent. Dubai Ruler praised Majid Al Futtaim work, and they will get an advantage in Govt Contracts.

Dubai ruler thanking MAF:

The Ruler of Dubai recently announced that Majid Al Futtaim (MAF) is going to get more support in UAE. This is because MAF will get priority in Govt contracts. It is a special gift from the Ruler himself. So yes, The Dubai Ruler praised Majid Al Futtaim work.

Recruiting 3000 Emiratis:

The reason for getting this much fame is their initiative to hire 3000 Emiratis. The recent step taken by the company of hiring 3000 Emiratis is a great step. Finding local talent and boosting their morale by giving them the opportunity is a great thing. 

Sheikh Mohammed Bin Rashid Al Maktoum:

Sheikh Mohammed Bin Rashid Al Maktoum thanks Majid Al Futtaim for saying “Brother”. To get such appreciation from the Vice President and Prime minister of the UAE, and Ruler of Dubai means a lot. 

Dubai Ruler praised Majid Al Futtaim work gets advantage in govt work

Dubai Ruler praised Majid Al Futtaim work gets advantage in govt work

The Nafis programme:

The Nafis programme — revealed as part of the Projects of the 50 action last week — aims to improve the number of UAE nationals in the sector from 2 per cent to 10 per cent.

Supporting local talent:

Giving work to the local talent is a priority at MAF, CEO Alain Bejjani had said first. “We view it as a rival advantage that is essential to our long-term prosperity.”

Tweets:

Taking to Twitter on Saturday in recognition of the group’s leadership, Sheikh Mohammed said, “There are partner organisations in the country… and businesses that only want to take from the homeland. So we directed the government that Majid Al Futtaim businesses have a preference in government contracts.”

No Covid test needed to enter Abu Dhabi

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Digital currencies Bitcoin, Ethereum, Dogecoin’s ongoing downfall continues.

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Digital currencies 2022

After touching a sky-high of $68990.90 in 2021 Crypto and other Digital currencies Bitcoin, Ethereum continues to go in another direction. 

cryptocurrency

cryptocurrency

Digital currencies Bitcoin and all are having a tough time moving positive side from past few weeks. After touching record, high Bitcoin is constantly falling in downside. 

The biggest Crypto has fallen by 1%, which is not a small margin for any investor. Currently, it is moving around $42000 level. Bitcoin’s other digital assets like Ethereum and Dogecoin are also falling down from their high. 

Digital currencies 2022

Digital currencies 2022

Also read about Chamath Palihapitiya Billionaire view on China’s abuses on Uyghurs.

Upperside expected:

All the investors who are into this business are still optimistic. Despite ongoing volatility, they feel digital currencies will see a new high in 2022. But in reality, if you see Crypto has fallen by 30% from the top. 

Use of digital currencies worldwide:

On the other side use of digital currencies is growing in many countries. It is a good sign now people believe in these currencies. From Germany to the U.K. and the U.S., every nation’s residents use this currency and are bullish about the positive future. 

More than 75% are keen to buy crypto products worldwide. So in the next 12 months, we can expect much more highs in this field. Investors who have already invested can remain in the market for a longer time. More joys to come in 2022, say experts. 

Investing approach has changed with Crypto coming into existence. People want something new in the market. So we can expect digital currencies to grow more in 2022. 

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Chamath Palihapitiya Billionaire feels it’s disappointing ‘no one cares about Uyghurs in China.’

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Chamath Palihapitiya Billionaire

In his recent Podcast, Chamath Palihapitiya Billionaire investor, talked about abuses happening with Uyghurs in China. It’s sad no one in the world is damn caring about what’s happening with the Uyghurs community in China. 

Torcher happening with Uyghurs and other Muslim minorities is sad. It is forced labor work and mass torching of communities that are not Chinese. Said Chamath Palihapitiya Billionaire investor.

Chamath said he is concerned about the supply chain, climate change, and Health system of America. China taking over Taiwan and Uyghurs facing problems is also a big concern. 

Billionaire investor Chamath Palihapitiya began a backlash on social media after speaking during a recent outbreak of his podcast that “nobody cares” about the ongoing human rights vitriols against the Uyghurs in China.

90 minute podcast of Chamath Palihapitiya investor:

In his 90-minute episode, Palihapitiya told co-host, Jason Calacanis, on their “All-In” podcast that he would be fibbing if he said he oversaw the Uyghurs, an ethnic Muslim minority in China’s northwest province of Xinjiang.

Every time I say that I care about the Uyghurs, I’m just lying if I don’t care. And so, I’d rather not lie to you and tell you the truth; it’s not a focus for me,” said Palihapitiya, a happening capitalist who owns 10% of the NBA team, the Golden State Warriors. From BBC.

Chamath Palihapitiya A Refugee:

Chamath also said as a refugee, my family flew a nation with its own set of human rights problems. So this is something that is very much a piece of my lived background,” said Palihapitiya, who was born in Sri Lanka. To be precise, my view is that human rights matter, whether in China, the US, or elsewhere. 

White house on human crimes in China:

The White House told a diplomatic boycott of the 2022 Winter Olympics in Beijing, citing “ongoing genocide and offenses against humanity in Xinjiang and other human liberties abuses.” This was in last month, December 2021. 

UN bureaucrats have earlier voiced worry over Beijing’s extreme measures of stopping those who condemn the Chinese Communist Party.

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In 2022, the UAE startup sector’s growth will be unstoppable

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UAE startup sector's growth

Despite the pandemic impact, In 2022 the UAE startup sector’s trajectory is unstoppable. As the industry has maintained its top position in terms of funding and deals in 2021.

The inaugural Magnitt Emerging Venture Markets Report reveals venture capitalists’ (VCs’) rush into emerging venture markets (EVMs) for growth. Magnitt’s new report includes EVMs from the Middle East, Africa, Pakistan, and Turkey.

“2021 has been more than just a record-breaking year for VCs; rather, it has been a defining year,” said Philip Bahoshy. CEO and founder of Magnitt, the leading data platform covering Venture Capital in Emerging Venture Markets.

The report reveals unprecedented regional and global investor participation across markets, a new record of funding in Emerging Venture Markets exceeding $6 billion. And the fact that fintech is the leading industry amid exceptional growth in T&L and e-commerce.

The UAE-based startups maintained their first-place ranking by raising $1.2 billion in 155 transactions. Meanwhile, Saudi Arabia surpassed Egypt to take second place in funding in 2021, after VC investment in the country increased by 270% year on year.

The Mena region saw $2.6 billion in VC funding in 2021. The highest amount is ever seen in the region, with 590 transactions and 35 startups announcing exits.

This scalability has resulted in regional players, which have emerged organically through expansion or inorganically through cross-market acquisition. Success stories demonstrating the latter include Nigerian HealthTech Helium Health acquiring Qatari Meddy. UAE-based Trukker acquiring Pakistan-based Trucksher, and UAE-based Fenix acquiring its Turkish counterpart Palm,” added Bahoshy.

UAE startup sector's growth

UAE startup sector’s growth

Scale is the name of the game, or without a doubt, a big prediction for 2022 will be more companies expanding across geographical borders. In light of this, what excites us the most at Magnitt is ensuring the information transparency required to break down these silos and detail the landscapes of previously opaque markets.”

“2021 has been an extraordinary year for the region’s venture capital industry,” said Basil Moftah, General Partner, Global Ventures. Mena’s ecosystem was in overdrive this year, with fundraising and deal-making at an all-time high. Whether it’s record-breaking funding, growing appetites for later-stage transactions, the increasing occurrence of diverse deal types (from M&A to venture debt), or an increase in the number of mega-rounds, the region is signaling maturity.

Underpinning these quantitative metrics is a pool of increasingly sophisticated entrepreneurs. Who are building world-class tech solutions and demonstrating year after year that some of the most exciting opportunities of tomorrow will come from emerging markets.”

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