Hussain Sajwani: Efforts to Train More Coders in the UAE

Hussain Sajwani believes that the youth in the Middle East should spend more time in learning ICT skills. He knew that the digitization experienced around the world opens up new opportunities, and he wanted the people from his country to benefit from it as well. He addressed that there is a serious gap between the Middle East and other developed regions when it comes to technology and ICT skills and is trying to address the issue. Real estate investor Hussain Sajwani spoke at the World Economic Forum last January 2018, expressing his opinion regarding the rapid changes that the world is currently experiencing. He said that the rising demand for skills related to the digital age will continue to increase in the coming years, and people without basic computer knowledge would experience more difficulties in securing a job.

Hussain Sajwani, the founder of DAMAC Properties, is one of the driving forces behind the recent changes in the field of ICT studies in the United Arab Emirates. He supported the One Million Arab Coders program which aims to create more highly skilled computer workers in the United Arab Emirates. Skills like programming, web design and networking are among the subjects that will be taught to the students who will be attending the training, and they will also be taught about other subjects related to ICT to hone their skills and become an asset for the kingdom. The United Arab Emirates is aware that they are lagging when it comes to talents in the field of ICT, but they believe that it is not yet late for the people to learn about complex computer skills.

Hussain Sajwani stated that with practice, Emiratis will be able to do complex programming tasks, and they will also become competitive when it comes to the job. Hussain Sajwani continues to demonstrate that he is not only a wealthy businessman, but he also cares for the transformation of the Emirate society to face the changing global demand for workforce. Aside from the One Million Arab Coders program, he is also participating in other programs that aim to provide relief to people who are living in poverty, as well as donating money for charities and foundations based in the UAE.

Read this post: https://www.albayan.ae/economy/local-market/2018-04-04-1.3228357

A Look at the Achievements of Hussain Sajwani

Hussain Sajwani is a successful businessman, entrepreneur, philanthropist as well as a great leader. His businesses in the real estate, tourism and hospitality industries have been very successful. The success has led to his recognitions widely. He has been featured as one of the most influential Arabs in a popular list. The Dubai-based billionaire looks to expand his business to Asia.

Early life

The DAMAC owner was born in 1952/1953 in the UAE. As a young boy, he helped his father in their family business. The business built him experience-wise and in the process, he developed the helpful heart. While operating his family’s shops, he sold watches.

He was sponsored by the UAE government to study Economics and Industrial Engineering in the University of Washington in the United States. He multitasked learning with selling apartments, his early source of income. After graduating, he proceeded to work in a company that built his experience significantly.

Hussain Sajwani banked on his ideas to get money. When he realized he was good at it, he decided to start a catering business which grew rapidly to become a global company with presence in over 3 continents.

DAMAC Properties

While pondering about viable investment opportunities, he realized that the real estate sector was very lucrative at the time. He didn’t hesitate to start a real estate business which now goes by the name DAMAC Properties. The company grew rapidly to develop prestigious towers in Dubai.

While developing and investing, the forward vision of the UAE government caught his attention. He decided he would support projects that would propel UAE forward. DAMAC Properties went public, then, global. The property development company prides itself of developing over 17,900 homes as well as over 44,000 units. Being featured as one of the fastest growing companies in the world by Forbes was its epitome of success.

Hussain Sajwani’s Vision

The DAMAC owner’s attention has been attracted to the status of the economy across Asia. The middle-class is growing bigger each day. The fast-growing economy in the Asian countries is a good recipe for investment. According to Sajwani, he is going to increase DAMAC Properties’ presence in China. The renowned businessman is a calculated risk taker.

Other Portfolio Businesses

Hussain Sajwani is also affiliated to DICO Investments, Akyon Maldives Resort as well as Mina Al Sultan Qaboos. See Sajwani’s accolades.

More details here: https://www.forbesmiddleeast.com/en/tag/hussain-sajwani/

Alastair Borthwick: Journalist, Author and Broadcaster

Alastair Borthwick is a man who is remembered for writing two very popular but very different books. Each of his two main works have remained in print for a number of years, and they continue to be read as great examples of their genres to this day.

Alastair Borthwick was born in Rutherglen, Scotland. His family later moved to Glasgow where Mr. Borthwick attended high school. He left school and began working at the Glasgow Herald beginning in 1929. While working for this paper, Mr Borthwick began to write about hill walking in the Highlands of Scotland. He was particularly interested in interviewing working class people who were beginning to take up this activity which once was considered an activity only for the well to do. As a result of Mr. Borthwick’s articles, many more people began coming into the Highlands for weekend adventures.

In 1939, Alastair Borthwick authored a book entitled “Always a Little Further” which dealt with his experiences among the working-class people who were walking and climbing in the Scottish Highlands. Many consider this book to be among the best written about walking and outdoor activity in Scotland.

World War II saw Mr. Borthwick’s life and writing move in an entirely different direction. He became an intelligence officer with the 5th Battalion serving in North Africa and throughout the European continent during the course of hostilities. Mr. Borthwick wrote an influential history of the battalion with which he served called “Sans Peur, a History of the 5th(Caithness and Sunderland) Battalion, the Seaforth Highlanders.”

When World War II came to an end, Alastair Borthwick and his wife Anne moved to Jura, and Mr. Borthwick began his association with the BBC. The later part of Mr. Borthwick’s life would be spent in the production of television programs. He would go on to produce over 150 programs for Grampian TV in Scotland. These broadcasts covered a wide variety of subject matter.

In retirement, the Borthwicks lived on a farm in Ayrshire. Alastair Borthwick was moved to a nursing facility before his death in 2003.

Check out Borthwick’s book on Amazon!

Continue reading here: https://www.goodreads.com/author/show/2107808.Alastair_Borthwick

Fotress Investment Group

Fortress Investment Group was established in 1998 as a private equity investment firm focusing on cash flow generating assets and asset-based businesses around North America, Caribbean and Western Europe. The company has its headquarters in the New York, United States of America. The company serves institutional clients and private investors both locally and worldwide. It has branches in Europe, Asia and Australia.

The company is managed by a management board which comprises of the founders who were Wesley Eden, Peter Birger and Randal Nardone. The founders also serve as the top executive officers in the company. The company has 915 qualified asset manager and 205 investment professionals based in its New York City offices. It currently manages assets on behalf of 1800 institutional clients and private investors globally.

In 2007 Fortress Investment Group became the first private equity firm in America to be traded publicly in New York Stock Exchange. By the end of 2016, the company was managing a portfolio of about $70.2 billion. By 2016, the company had revenue of $1.1 Billion

Recently, the company was acquired by SoftBank, a Japanese Company for $3.3 billion. It continues to operate as independently. With opportunities in the investment banking market growing in daily basis, Fortress Investment Group seeks to take advantage of the growing market gap and make a fortune out of it. The company has been of benefit to the public as it offers job opportunities as well as financial services. The Company is working towards creating strong adjusted risks for their clients over a long term.

Fortress Investment Group believes that the performance of its client’s investment is the single most aspect that it should consider in its operations. The company continues to launch new funds on an opportunistic basis and does so through the following funds; Fortress Japan Opportunistic Fund targeting Japanese Investment Opportunities only, Fortress Secured Lending Fund, Fortress Real Estate Fund, and Fortress Credit Opportunities Fund.

With the professionalism and the diversity that the company is built on, it shows that it is one of the best secure companies to invest on in order to expand your businesses scope.

Randal Nardone’s Exemplary Leadership that leads to the Success of Fortress Group

Well, Randy is the same person commonly known as Randal Nardone. He schooled in Connecticut University for his undergraduate studies where he was awarded a Bachelor Degree in English and Biology. Randal never stopped there but went for his further studies in Boston University where he got a Juris Doctor Degree. 1998, was the year when Fortress Investment Group was formed via teaming of Randal and his colleagues. Currently, he holds the position of the Chief Executive officer in this firm of which he has been serving since 2013. Previously, he worked at Springleaf Financial Holdings where he was assigned the duties of the President and Chairman. Also, while at Newcastle Investment Holdings, he was delegated the roles of the Vice-President as well as its Secretary.

After an asset management firm which most people call Fortress Investment Group was formed, Randal had a feeling that they were going to face stiff competition from other wealthier firms. Therefore, they had to develop and implement strategies that could make them be able to win the market as compared to their competitors. It is a result of these efforts to see Fortress Group grow to a more prominent company that has made it realize an exponential growth over the years to the extent of being grouped with the leading investment firms internationally.

Currently, Fortress Group has been listed to be managing and coordinating more than $43.6 billion assets. Randal Nardone is not left behind but becomes the part of the success by working smart and extraordinary, therefore building an excellent reputation as well as earning a substantial amount of cash. As at now, Randal Nardone holds position 557 in Forbes billionaire list and also, he is among the few known billionaires globally. Also, it was under his stewardship that Fortress gained recognition worldwide and even being awarded twice in the 2014 financial year.

With the extensive expertise that Randal Nardone demonstrates in legal matters, he has enabled Fortress Investment Group to maneuver through situations that it could otherwise get stuck or require additional services of an external legal practitioner. For instance, the recent acquisition that saw the organization acquired by SoftBank required a lot of legal insight. However, Fortress Group never bothered to hire a lawyer because Randal assumed the position. This expertise was is not an assumed one; he graduated from the Boston University with a first class degree in law. He then followed by practicing law in a boutique legal firm in Washington DC.

Randal Nardone Career Achievements

Randy Nardone is the chief executive officer and the co-founder of Fortress Investment Group which is an investment management company that is based in the Newyork City. The company was established in 1998 and was founded by three partners namely Rob Kauffman, Randal Nardone, and Wesley R. Edens. The company is a private equity firm that has over 1800 clients. It has rapidly grown to become one of the industry’s giants in the hedge fund and private equity management. The company’s assets are estimated to be worth over $43.6 billion and that was as at 31st December 2017. It is also lucky to be traded publicly at the New York Stock Exchange.

Randal Nardone Career and Work Experience

Randal Nardone is only 51 years and currently appearing on the list of top billionaires across the world. He appears in position 557 and keeps on rising every day. His huge investments in the finance industry have made him the person he is. He has a net worth of $1.8 billion.

Randal is also a renowned scholar and holds a degree in English and Biology from the prestigious Connecticut University. He also holds a law degree from the famous Boston University. He quit the law industry to join the world of finance and has since then become a very sharp and brilliant investor. He also possesses awesome leadership skills and happens to be one of the best brains behind the success of Fortress Investment Group. He has served in various law firms before establishing another career line that he believes enabled him to make a breakthrough in his career.

Before establishing Fortress Investment Group, Randal Nardone served as a member and a partner of Thacher Proffitt & Wood law firm. He also worked at BlackRock Financial management as the company’s principal. In 1997 a year before joining Fortress, Randal worked as the managing director of UBS. The combination of all those experiences and executive roles equipped Randal with relevant skills that have made him become one of the most progressive and active founders of Fortress Investment Groups. He has served the company in various capacities and all that can be learned from him is the ability to improve in every situation.

Randal has been at the Fortress Investment Group since it was established in 1998. He is the person behind some of the tremendous achievements witnessed in the company. They believe in proper work ethics and are also guided by the law. Managing over 1750 investors has not been easy and they are required to prove to them that they deserve to remain in these positions.

Steve Ritchie How To Apologize

Apologizing can be a very hard thing to do. Sometimes people are put in a position where they didn’t directly do something, but they are reflection of what others do. This is especially true when it comes to companies and corporations. companies are groups of people so if one person gets out of line or does something offensive the consequences can be visited upon people who didn’t necessarily commit the offense. This is the position that Steve Ritchie found himself in at the Pizza Company Papa John’s.

Steve Ritchie showed character and class when he came out apologizing to the customers and consumers of Papa John’s Pizza. There were negative remarks made about a specific group of people that was found to be very offensive and rude. Steve Ritchie as a CEO of the company decided to take the matter into his own hands and address the public. Though he released two different apologies the second one was the one that truly connected and showed the remorse of the company. He made it clear that the remarks made we’re not a reflection of him or the values of Papa John’s Pizza overall. In an article from boardroominsiders.com, it says that he wanted the public to know that insensitive racial language slurs in any context will not be tolerated by the company at all. Not only that he took the initiative to train his employees on diversity and understanding other groups of people. This is to ensure that no bigot or negative mindset or attitudes will be manifested in the company again.

According to inc.com, Steve Ritchie made it clear that Papa John’s is of the people. the company with over a hundred thousand employees works for and employs people of every background and ethnicity and diversity is one of their beliefs. Decided that they wanted to go on the road to connect with their consumers to bring them closer. Steve Ritchie (@stevemritchie) handle himself like a true leader and a man of the people. this is how a leader should act and conduct himself when things get rough. He expressed how this was one of the hardest times in his career and how he seeks to change it for the better. This is how to apologize.

Reference: https://www.bloomberg.com/research/stocks/people/person.asp?personId=116958187&privcapId=325388

ACQUISITION OF FORTRESS INVESTMENT GROUP BY SOFTBANK

In the business realm, acquisitions in most cases make a lot of sense. For instance, investment organizations frequently purchase other firms that deal with investment to continue expanding and growing their portfolios bases. However, acquisitions make less sense to those who are not part of it, but to the involved parties, it provides a great deal and value. That is without a doubt the case with regards to Fortress Investment Group acquisition by SoftBank. The 3.3 billion dollars agreement that was affirmed by the shareholders of Fortress in 2017 July became official in 2017 December. The puzzle that surrounds this purchase is why a company like SoftBank, which concentrates on internet startups and tech would decide to acquire an investment firm like Fortress.

The deal amongst Fortress Investment Group and SoftBank bodes well when you look into the histories of both organizations. Both companies have been reliably searching for new territories to venture into. The two organizations have persistently demonstrated enthusiasm for rebranding their businesses for quite a long time. SoftBank was established in 1981 by Masayoshi Son as a wholesaler of PC software. Currently, the organization has stakes in over four hundred firms providing an assortment of administrations, including tech-services, broadband, internet, fixed-line telecommunication, and e-commerce. Through purchasing Fortress, SoftBank has strongly shown its interests of finally being among the most significant companies dealing with investment around the globe.

Fortress Investment Group has always demonstrated its readiness to change and adapt in order to remain aggressive in the market. In 1998 Fortress Investment Group was established by co-chair Wes Edens and Randy Nardone the CEO in the city of New York. Over the years the company has developed itself around investment in private equity, real estate and in hedge funds. Today, the firm oversees over forty billion dollars of resources, and it is relied upon to keep on working that way. A team of investors was looking for a firm to purchase, which would enable SoftBank to move in its real direction of turning into the best international investment organization. The team realized for that to come to pass they needed a structured institution, the one that would encourage essential venture exercises like compliance, investor relations, and trading. Fortress turned out to be that firm. Fortress will keep on working as before, and its executives will continue serving on the board of the company. By purchasing Fortress, Softbank looks to accomplish a framework that will push it to become a renowned investment company within a short period.

DAMAC Owner Hussain Sajwani Focuses on his Legacy

When Hussain Sajwani was growing up, he had the example of his father, an enterprising merchant, to admire. Now it is his turn. When his four children look up at him, they see a titan of industry. Mr. Sajwani, a billionaire property developer, is according to Forbes magazine one of the wealthiest people in the world. His fortune is estimated to surpass $4 billion.

It was only a few decades ago that Hussain Sajwani was a young college student. He was granted a scholarship by his government to study in the United States. He attended the University of Washington, where he earned a degree in industrial engineering and economics.

In 1981 Mr. Sajwani began his career with a position in the finance department at Abu Dhabi Gas Industries. Two years passed before he would strike out on his own, establishing a catering business. He managed to land the U.S. military and Bechtel as clients, and his business boomed. Today that business continues to operate. Nowadays it goes by the name of Global Logistics.

According to Albayan, the success of Global Logistics allowed Mr. Sajwani to invest in real estate development. Thus DAMAC came to be. As property developers go, DAMAC is very special. DAMAC owner, Hussain Sajwani, spares no expense. His properties are among the most opulent in the world. The company owns developments across the Middle-East and has invested £600 million in a signature project in London.

Besides his real estate investments and the hugely successful Global Logistics, Mr. Sajwani is also in the construction materials business. DICO Investments, his holding company, manages his equity positions. His portfolio is nearly as impressive as are DAMAC’s assets.

DAMAC owner, Hussain Sajwani, is equally committed to giving back to society. He has accomplished this admirably through the efforts of the DAMAC Foundation. The foundation is an earnest sponsor of the Emirati governments ‘One Million Arab Coder Initiative.’ The program is designed to provide marketable skills to a million young Arabs in the UAE and elsewhere. Undoubtedly, Mr. Sajwani’s legacy will be difficult to surpass.

Read this: hussainsajwani.com/ar/business-portfolio/

The Influential Life And Achievements Of Hussain Sajwani

Over the years, the real estate industry has experienced great positive changes with new brands and innovative property development ideas opening up opportunities for the entrepreneurs to venture into the business. Hussain Sajwani is one of the prominent businessmen and a great investor in the real estate development. In fact, he is one of the pioneers of property market expansion in Dubai.

The renowned property developer was born in 1956 in the United Arab Emirates. He graduated in 1981 with a Bachelor’s Degree in Economics and Industrial Engineering from the University of Washington. Like most fresh graduates, Hussain started his career as an employee at GASCO Company, where he served as a Contract Manager shortly after graduating. His entrepreneurial spirit, which he had developed at a tender age, led him to establish his first venture after working for GASCO for a short duration. Hussain started with food service business. The small entity attracted a great number of clients, mostly those who were working in the oil companies, US military officers, and construction giants like Bechtel. From the humble beginning, the catering venture expanded to become a market leader.

Following the decree that was given by Dubai government to allow foreigners to own properties in the Emirates, Hussain took advantage of the situation and started a real estate development firm called DAMAC in 2002. Hussain is currently the Chief Executive Officer and Executive Chairman of DAMAC Properties. The firm has come a long way. Hussain started purchasing land in undeveloped parts, initiating property development projects, and later selling them at a profit. Due to his effective approach, he managed to sell 38 units in less than six months.

Currently, the company is known all over for developing diverse types of luxury structures in collaboration with other reputable companies. The company’s shares have traded well in Dubai and London Stock Exchange Market. In addition, Sajwani has also established other companies like Al Amana Building Materials, Al Anwar Ceramics, and Al Jazeira services.

Despite his numerous roles, Hussain is a proud father who likes spending quality time with his family. He also participates in charitable endeavors and he has established a charitable division of DAMAC with the aim of helping the underprivileged in the society

Article source: https://www.eremnews.com/news/arab-world/gcc/906780