Meet Arab Billionaire Real Estate Developer, Hussain Sajwani

Emirati businessman and real estate developer, Hussain Sajwani, is the founder and CEO of global leading real-estate development company, DAMAC Properties, which specializes in luxury property development and is credited with using such fashion powerhouses as Versace to design the interiors of its luxury apartments; as well as enlisting the services of Tiger Woods, who has reportedly designed golf courses that are curiously managed by Donald Trump Properties. Sajwani, who is listed as the fourth richest Arab on Forbes most recent billionaire listing, has a reported net worth of over $4 billion. Although, his DAMAC properties is one of the world’s most successful property management companies– boasting more than 40,000+ holdings globally–Sajwani’s entrepreneurial beginnings were a bit more humble.

He was born in UAE in the 1950s, as the son of a local Emirati businessman, who successfully sold items like pens, watches and other assorted Chinese-imported goods from his small shop. Sajwani, who regularly visited and observed his father at work in his shop every day as a young boy; apparently, had bigger goals and was one of the first Emiratis to be awarded a government university scholarship to study in the United States. He went on to obtain a Bachelor’s Degree in Industrial Engineering and Economics from the University of Washington.

Once he returned home, he first worked in the finance department, as a contracts manager at UAE public utility company, Abu Dhabi Gas Industries. However, after only working the corporate grind for a short time; Sajwani made his first foray into entrepreneurship as a food caterer, eventually establishing contracts with U.S. government and military contractors, such as Bechtel. Hussain Sajwani’s catering business is still successful today and is now called Global Logistics Services. The company has grown from its humble beginnings to currently managing more than 200 projects and serving more than 150,000 meals a day globally in the Middle East, Africa and the Russian Federation. In addition to providing meal catering to military sites, Global Logistics also provides food services to construction sites, educational institutions and five-star hotels throughout the world and also offers site management, power logistic services, and employee management.

After the success of his catering company, Sajwani turned his astute business-stewardship to luxury property development in the 1990s when it was still a relatively new concept. He was responsible for leading the charge in building several hotels in the early 2000s for the growing surge in foreign business and trade in Dubai at the time. In 2002, Sajwani founded the now hugely successful, Hussain Sajwani of DAMAC Properties, which is publicly traded on Dubai’s version of the Stock Exchange and employs more than 2,000.

Hussain Sajwani: The Real Estate Empire Owner Who Got Hit Big But Rose Again

There are many success stories in business today that describe how leaders have shaped the landscape of the real estate industry, but none of them could probably compare to the success that Hussain Sajwani, DAMAC owner and founder, has achieved so far. And in an exclusive interview with Arabian Business, we learn more about how he was able to grow his empire and the challenges that he had to go through to rise higher.

 

The World’s Tenth Richest Arab

We can already read from Forbes official list of billionaires that DAMAC owner Hussain Sajwani is now the tenth richest Arab in the world. He is even estimated to be worth $3.7bn, especially after DAMAC had just been declared as the world’s fourth-biggest public firm in 2017, only having Emaar as its only real and worthy competition. However, all of this success would not have been possible without the kind of risk-taking and perseverance that Hussain had to have to reach it.

 

The Build, Lease, Sell, Next Business Model

It is also revealed in the interview that Hussain Sajwani’s prime business model for DAMAC properties can be summarized in one line: Build, Lease, Sell. Next next-next. What makes him stand out is not through overthinking, but by doing. He always does things that other non-risk takers won’t do. So when he builds infrastructures, he immediately sticks to a simple business plan and moves on to the next phase, applying the same formula. Such simple strategy has already generated some of the best profitable results in the entire career of Mr. Hussain.

 

Hussain Sajwani is also known for diversifying his assets. Recall, he went in the world of stock market investments in 1997 and 2002, and he also owned holdings in Bahrain under the insurance industry and owned in Oman a ceramics factory. It is through such diversity that he’s able to fund most of his later projects that even made him more money. This doesn’t mean, however, that Hussain had not experienced a significant amount of failure. When DAMAC Properties got so big, it risked itself to ruin by crashing down, but because of such attitude on diversity, Mr. Hussain eventually recovered.

Proteostasis Is Not Looking So Hot After Sahm Adrangi’s Statements In Kerrisdale Report

Not all companies out there are worth investing in and Sahm Adrangi is one of the top investors in the country today that is doing his duty to inform other investors and the general public of companies that are an issue. The latest company that has taken fire from Kerrisdale Capital, Sahm Adrangi’s investment company, is Proteostasis. This biotech firm has made claims recently that they have had great success developing a new drug for cystic fibrosis patients. So far, Proteostasis claims this drug will dramatically increase lung performance for patients.

In order to get to the bottom of whether or not these claims are good, Sahm Adrangi and Kerrisdale has done some digging into the biotech firm. Unfortunately, what Sahm has found is not so good for those who might be excited about this new drug. CFTR amplifier PTI-428 is what Proteostasis is calling their product, which Sahm is calling a drug cocktail. According to the report, Proteostasis only had four subjects for their testing, which means this was a very small scale test that cannot be accurately assessed based on the presented data. Not only is the data incomplete, but the results are messy and practically missing, which causes Sahm Adrangi to believe these statements are likely false or due to very poor testing procedures by the biotech company. The placebo test conducted found a drop in lung performance as well, meaning their statements that this drug can increase lung performance cannot be true.

Due to all of these concerns, Kerrisdale has taken the short position with Proteostasis. This means they will continue to profit as the stock value of Proteostasis drops, which it has already started doing since Kerrisdale’s negative report went public. This is mostly because of other investors that are keen to follow the advice of Sahm Adrangi, who happens to be a high-profile investor in the U.S. that regularly states his opinions on companies and calls them out for their shady practices. Sahm has an impressive track record of success, couple that with hardly being wrong in his investments or arguments, most investors have started following in his footsteps.

https://www.cnbc.com/2016/05/05/short-seller-kerrisdale-to-target-dish-network.html

Volatility of the Market is Discussed by Shervin Pishevar

Shervin Pishevar is an Iranian-American entrepreneur, venture capitalist, and super angel investor. He is the co-founder and former executive chairman of Hyperloop One and a co-founder and managing director of Sherpa Capital, a venture capital fund which has invested in companies including Airbnb, Uber, and Munchery.

There is a significant amount of market volatility and more is likely to come according to Shervin Pishevar. Shervin is a venture capitalist who has become an early investor for a large number of tech companies. He has the ability to track trends early on, which has led to his success.

Recently, he sent out 50 tweets, all numbered, within 21 hours. Throughout these tweets, he talked about the market volatility and what would likely happen.

What is going on with market volatility?

On the second tweet of his tweet storm, Shervin Pishevar identified that the market has already given up all of the gains that it made in 2018. He says that the gains from 2017 will also be given up.

With the gains being given up, there will also be a rise in interest rates and an increase in credit account deficits. Further, various asset classes are likely to be overvalued.

What could happen with the market?

Throughout tweets seven through twelve, Shervin Pishevar makes a few predictions. This includes identifying indices as becoming more volatile. He goes on to say that whenever a market tanks, a managed future fund usually gets taken out.

All of the information that he shares throughout the tweets has been explored in one way or another by his followers. Some agree with what he has to say while others are providing their own insight into the market. Shervin Pishevar feels that the bond market will be the first to rally and if the market doesn’t normalize, hints of QE4 will likely be seen from leaders.

The stock market hasn’t crashed, yet it is certainly losing its gains. Within a day of Shervin’s posts, the market was losing more points than usual. His first tweet says it all – he believes 6,000 points will be lost within the next several months.

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AvaTrade Review: The Forex Education Platform

AvaTrade is a forex trading company and education system that is monitored by the European Union and regulated by the Central Bank of Ireland. The company was founded by Emanuel Kronitz Negev Shekel Nosatzki and is operated out of Dublin, Ireland. The company assists its clients by informing them on subjects related to all things forex.

 

AvaTrade is a great resource for learning and trading. Whether you are an experienced trader or a newcomer to the global market, the company can further your knowledge of international trading.

 

If you are looking to learn about the international market place or possibly learn how to begin trading for yourself then AvaTrade is an excellent place to start. AvaTrade offers an unique educational system that will take you from complete novice to absolute beginner. If you are already a seasoned trader, you may even learn something new.

 

For those that have been trading on the international market for a long time but are perhaps looking for a new broker, AvaTrade does not charge commission for trading using its platform and it allows you to use Bitcoin and other cryptocurrencies in its transactions; some forex brokers only allow the trading of official government currencies.

 

The company also provides all its its clients with a large range of trading benefits including, educational tools, and the tools and resources needed to immediately commence trading. AvaTrade is not only monitored in the EU but all over the world, insuring its customers that it is a trusted and fair place to do your international trading.

 

AvaTrade has handled over 200,000 customers since its few years in existence. The company generally sees about 60 billion dollars traded per month. With numbers like this it would be very difficult to find a more professional and trusted company to use for your next currency exchanges or international purchase.

 

In conclusion, AvaTrade is a very successful company with lots of happy customers and I cannot think of any reason to not recommend them.

More reviews can be found here: http://www.gcreport.com/avatrade-review-safe-trusted-forex-broker/

Mike Baur Says It’s Time For Investors And Entrepreneurs Both To Take Risks

When banks started closing in Switzerland back in 2008 and the following years, people may have initially panicked about where everything was headed there considering that banks were the strongholds in that nation for many years. But some including President Johann Schneider-Amman say it’s been time for Switzerland to go into new economic vehicles and that the business community needs to take more risks to bring in business. Mike Baur, the Executive Chairman of the Swiss Startup Factory agrees with this statement and he is promoting risk taking at the company. He believes that ideas can only take hold and become strong businesses if entrepreneurs are willing to make that happen, and investors need to be willing to give them a chance in order to make returns.

 

Startup investing wasn’t the original vision that Mike Baur had, but after more than 20 years in banking he grew tired of the unchanging routine, and with the growing amount of red tape that made it much harder to help middle class investors than ever before. When he began as a teenage intern at UBS Bank in 1991, things were much different and most young people who went into banking at that time were told their future would be secure. Baur appeared to be heading to the top of the Swiss banking industry when he began managing funds for some of UBS’s top clients, but the 2008 financial crisis changed everything even in Baur’s branch. When UBS Bank began to dissolve he tried another job at Clariden Leu in commercial banking, but this was not long-lived.

 

Unlike the constants of banking and its failure to adapt to changing consumer demand, Mike Baur realized that the tech revolution coming to the Swiss and other European college campuses could help the nation address the seismic economic shifts, but most of these graduates didn’t have the resources to get started. Baur and his colleague Max Meister believed that with the right networking system and the backing of the right people, these entrepreneurs could get a company established in just three months. They partnered with the Goldback Group and CTI to begin the initial phase of the SSUF, and Baur often does pitch contests and hosts seminars for entrepreneurs to show investors how a startup can benefit them. The 3-month startup program features activities from physical challenges to writing up a plan, and if your startup passes this program, you can enroll in the 360 Office spaces.

 

Anthony Petrello- A brief history of Nabors Industries CEO

As the Chief Executive Officer of the biggest drilling firm in the world, Anthony Petrello is one of the most influential corporate leaders in the world. He heads a multinational that has set its operations in all the continents all over the world. Anthony Petrello heads Nabors Industries a drilling firm that is located in Texas, U.S. Nabors provides drilling services in all countries around the globe. Nabors Industries prides in having the best drilling rigs in the world, better than any other competitor out there. The operations of Nabors Industries have been great since Anthony Petrello took over the mandate of CEO in 2011. In the years he has been at the helm, the operations of the firm have been spectacular. The company gained on all fronts.

Anthony Petrello was born in Newark, NJ. He was brought up in a community of people who believe in hard work. The people of Newark are known for their strict moral values and work ethics. It is for this upbringing that Antony Petrello has earned all his wealth through legitimate means. He has worked hard all his life to ensure that he his life is better. Having been from a humble family, Anthony Petrello had the determination to make it life. The only way he would achieve this was through hard work; there was no shortcut to it.

While he was in his early stages of education, Petrello showed prolific abilities in solving mathematical problems. He was a mathematical genius who would solve complex mathematical problems that were for trained professionals. The talent he had in mathematics saw him granted a full scholarship to study at the Yale University. He was also to benefit from mentorship by one of the best mathematicians at the time Prof. Serge Lang. Anthony Petrello proceeded to earn his bachelors and masters in mathematics from Yale.

The career of Anthony Petrello would take a twist when he changed careers and moved to Harvard school of law where he obtained a Juris Doctor. Anthony Petrello would then proceed to become one of the best legal minds in New York. He was the managing partner of a law firm known as Baker &McKenzie. To learn more about us: http://executives.findthecompany.com/l/18290/Anthony-G-Petrello click here.

Anthony Petrello would later be spotted by the managers of Nabors Industries who hired him as the chief operating officer of the firm. This was in 1991. Since then, Anthony Petrello has been working for the firm. He has been through various promotions until in 2011 when he was appointed the Chief executive officer.

Tory McQuagge of USHEALTH Group collects another award recognizing his industry-leading performance

Award winning USHEALTH Group Inc. CEO Troy McQuagge won the 2016 One Planet Business and Professional Excellence Awards Gold as CEO of the year.

One Planet Awards is an annual recognitions program that allows business leaders to honor industry peers in a variety of different areas. One Planet Awards was founded with the idea of spreading public awareness of business excellence. Judges are industry experts who give their time to recognize leaders in a number of fields. Winners receive Bronze, Silver, or Gold awards, with Gold being the highest honor.

After receiving the Gold Award, McQuagge said, “it’s an honor to be named by One Planet Awards to receive this esteemed industry and peer recognition. In reality, this award belongs to everyone at USHEALTH Group, Inc. It is a testament to our company’s ongoing commitment to solve the healthcare affordability problem for customers by providing them with innovative coverage that can grow as their healthcare needs grow.”

McQuagge started as president and CEO USHEALTH Group in 2010, first turning around performance at the company’s captive distribution agency, USHEALTH Advisors. Due to the success of his efforts in that area, Mr. McQuagge was to the Board of Directors at USHEALTH Group, Inc. in 2014.

Under the leadership of McQuagge, USHEALTH Group has recorded unparalleled success and growth, becoming an industry leader in the individual health insurance market. The company has also had record-setting profitability for the past three consecutive years. USHEALTH has also grown to become the largest Captives sales organization in the “Under 65” Health Insurance Market.

USHEALTH Group, based in Fort Worth, Texas, is an insurance holding company that focuses on providing insurance solutions to self-employed individuals and small businesses owners, providing competitive rates while still having outstanding customer service and focus on the needs of their customers.

Troy McQuagge, the CEO of USHEALTH Group, has won many industry awards in his many years in the insurance industry. In 2016 alone, both he and USHEALTH Group won eight different awards from various industry groups, including the 2016 Gold Award for most Innovative CEO of the year from CEO World Awards, and a 2016 Gold Stevie Award for Company of the Year in the Insurance Field.

Before working at USHEALTH Group, McQuagge was President of the Agency Marketing Group for over eleven years. He is an alumnus of the University of Central Florida, and in addition to his many business accomplishments, has spent countless hours volunteering and donating money to a variety of charities, including HopeKids Dallas, HopeKids Phoenix, and Trinity Habitat for Humanity. Read more: https://insurancenewsnet.com/oarticle/Troy-McQuagge-is-Slated-to-Head-USHEALTH-Group-Inc-a-489547

 

Tony Petrello; an American Entrepreneur With a Unique Dream

Tony Petrello is an incredible business authority whose career has been exceedingly successful. He has accomplished huge projects throughout his entrepreneurial journey, something that has enormously raised his reputation. In 2015, Tony was declared the highly paid CEO in United States. Tony’s unique aspects contribute significantly to his daily successes; in fact, he attributes his good name to his creative thinking, hard work, and inborn talent. He does not merely celebrate his victories alone. Mr. Petrello is concerned about kids suffering from neurological disorders and does enough to support them. Precisely, Tony leaves a life worthy of emulation. He is one unique person whose legacy will certainly outlive him. As you read on, you will find out that he is a mathematician, businessman, and a lawyer.

Understand a Little Bit of Tony’s School Life

Mr. Petrello attended public schools in Newark, N.J where he was bred. Petrello started shining while he was still in high school. He was a math whiz whose abilities spread across their entire hometown. Thankfully, his commitment to the subject did not go unnoticed; Yale University took note and decided to nurture the talent by offering him a scholarship. He also enjoyed the privilege of getting his opportunity mentored by Professor Serge Lang, a stupendous mathematician, and author. While at Yale, Tony Petrello continued exhibiting his brilliance plus a sense of humor. Antony Petrello had his Yale University transform his life in a significant way. You may also want to know that it is at Yale that Tony met Cynthia, his beautiful wife, a dancer, movie, and soap opera producer and an actress.

Petrello Finding his Way to Nabors Industries

In 1979, Petrello enrolled at a great American law firm, Baker & McKenzie, where he majored in business law, specifically arbitration and taxation. While at Baker & McKenzie, Tony had an opportunity to work for a client called Nabors Industries, the largest drills for oil and natural gas company. From his service, the managers at Nabors got so excited with him, and right then, they started enticing him into their venture. Nabors found its way in Tony’s heart, and so he joined Nabors Industries as a business executive. He continued growing his skill at Nabors, and his efforts kept paying off. In 2011, he was appointed the company chief executive officer, and in 2012 again he became the board chairman. At the same time, he was also named the director of the executive committee board.

Antony Petrello info: en.wikipedia.org/wiki/Nabors_Industries