Umar Farooq Zahoor - An Entrepreneur, Investor, Philanthropist

Dubai is the city of Events. Either it is a conference or summit, or a shopping festival, Dubai has always come forward and encouraged such festivals and events with full support. The covid-19 pandemic may have affected this event at an adverse level, but with fast pace vaccination program, Dubai’s Shopping Festival is all set to allure the shopping lover in 2021. If you don’t know what the Dubai Shopping Festival is, this is the piece of writing where you will get all the information. You can already understand that Dubai Shopping Festival or DSF is one of the popular and best shopping fests organized in Dubai. DSF is a treat for shopaholics. There is no such shopping lover who can keep calm once the government announces the date of the fest. From the day of commencement of the fest to the curtain call, the city is ornamented with pop-ups, raffles, enthralling performances, fireworks, and whatnot. Last year Dubai shopping festival commenced on 17 December to 30 January 2021. Dubai...

In the business world, Dubai is considered a land of opportunity. One of the reasons for the increasing economy of the country is the growth of the various type of business. All most of every high-profile brand is has invested in the land of Dubai. And one of the growing sectors is the real estate sector. Due to covid-pandemic, Dubai’s economic growth has to set back. But, by increasing the pace of the vaccination process, Dubai is all set with its positive momentum in 2021.  According to some of the leading real estate kings like  Sheikh Umar Farooq Zahoor , 2021 will become a turning point for the real estate sector. The reason behind such beliefs is the recent numbers that display the development of the real estate exchanges in Dubai during the prior quarter of 2021, increasing 44% on a yearly premise. The number gives a strong hope for the leading real estate businessman to achieve a positive result in 2021 in the real estate sector.   Moreover, the business ...

Whether it's vacation or business, Dubai is one of the popular destinations. In particular, the tourism industry of Dubai earns Millions of dollars monthly. People from across the world want to settle in the City, and the government offers several facilities to inhabitants.  A golden visa offers an opportunity for professionals to live and settle in the city.  In 2019, the UAE government applied for a new system that allowed people to live, study and work without a naive guarantor. It permitted Businessmen to claim 100% proprietorship of their business. Following the pandemic outbreak, the golden Visa amendment encouraged foreigners to settle in the UAE. As a part of national programmers, the Wam agency confirms that programmers worldwide can apply for Golden Visa. Pakistani businessman Sheikh Umar Farooq Zahoor gets the UAE Golden Visa.  Sheikh Umar Farooq Zahoor is among the top investors worldwide and managed to become the name behind several companies in Pak...

The COVID-19 pandemic has had a severe impact on the economy of countries across the globe and has been a significant reason behind one of the biggest global recessions in the last few decades. The economies that depended on the travel and tourism industry are among the most severely affected economies, as strict restrictions were imposed on international travel. Given the continuous imposition of stay-at-home orders, it would take a long time for them to recover from the losses. The United Arab Emirates is amongst the group of countries severely impacted by the pandemic and the economic crisis.  IMPACT ON THE ECONOMY OF UAE Along with tourism, the UAE’s real estate and trade sectors were also impacted because of the pandemic, affecting the country's overall economy. Because of the rising number of cases and the subsequent lockdowns imposed to control the spread of the coronavirus, the UAE economy shrunk by about 5.8% last year.  THE UAE ECONOMY IN 2021 According to th...

The famous rapper Trey Songz was in the new nightclub Blu Dubai on Thursday as the city’s brand new nightclub Blu Dubai invited Trey Songz at the opening on 1st July. The most popular rap artist Trey Songz is set to take the stage with an exclusive performance to mark the occasion special. Umar Farooq Zahoor with Trey Songz in Dubai On his visit to Dubai, Singer Trey Songz has a meeting with Umar Farooq Zahoor on 5th July, the most renowned businessman, and philanthropist. Dubai has been hosting many events inviting many stars, and every time there is an event, Sheikh Umar Farooq Zahoor has been seen there. After being a successful investor and serial entrepreneur, Mr. Umar Farooq Zahoor is seen participating in several events. His meeting with the popular American singer Trey Songz, Akon, and Bollywood star Sanjay Dutt show his interest in the art industry. Umar Farooq Zahoor is one of the most famous businessman across the globe. Known for his smart business choices, he is amon...

UmarFarooq Zahoor , a business tycoon from UAE is sending you heartwarming wishes for New Year 2021. May this year bring lots of happiness, prosperity and great future, Happy New Year to my country and the whole world!!! UmarFarooq Zahoor is a smart well-established Norwegian businessman born in 1975 into a warm Pakistani family. He has started the business in the age of 18 and has never looked back. With all the experiences of success and failures in his entire life, he has managed to become the name behind several successfully established companies today. Along with this, he has collected contributions and support from the different part of the society. This is the reason why he has received the honorable title of a philanthropist. He doesn’t like failures at all. That’s why, his craving for success made him famous in every field where he stepped in and is a smart business investor is now one of the well-settled businessmen in Dubai, U.A.E. Well, apart from this, on the New ...

Umar Farooq Zahoor, a triumphant businessman, trader and philanthropist who is also a renewable energy enthusiast said in relation to Oil and gas sector in UAE that ‘’Factors, such as massive investment in upstream and government policies, are likely to drive the UAE oil and gas market during the forecast period. The UAE oil & gas market is expected to be powered by this investment in the upstream, midstream, and downstream sectors in the projected timeframe. A growth of more than 7.5% is expected to be reported on the UAE oil and gas market. It is anticipated that the project will increase country refining capacity by 65%, to 1.5 million barrels per day by 2025. The United Arab Emirates Government is, however, anticipated to change oil and gas investment to increase domestic and alternative energy investments that are likely to hinder demand growth over the forecast period. Due to investments in discoveries in the region, the oil and gas upstream industry is expected ...

According to the research work of Umar Farooq Zahoor it's mentioned that Suhail bin Mohammed Al Mazrouei, on 18th April 2021 in Abu Dhabi, stated that the UAE's supervision in worldwide competitiveness pointers related to energy, especially green energy is another observational attainment to decorate the UAE's records of excellence which resumes developing despite the provocations that occurred by the ongoing COVID-19 pandemic. Umar Farooq Zahoor further said that UAE's ranking among the topmost countries in the world indexes epitomizes the role of these major trends in boosting UAE's eminence through the forthcoming 50 years and speeding up the achievement of the UAE Centennial 2071. All this is possible because of the massive support of all the upper bodies, the president, his highness, Sheikh Khalifa Bin Zayed Al Nahyan, his highness Sheikh Mohammed bin Rashid Al Maktoum and the prime minister, vice president, and the ruler of Dubai as well as proclaimed by S...

Dubai has always been in the news for one thing or another. While in a discussion with Sheikh Umar Farooq Zahoor , he mentioned how investing in the soft real estate market of Dubai is a great investment for everyone looking for opportunities. Sheikh Umar Farooq Zahoor mentioned a quote by Warran Buffet, “Widespread fear is your friends as an investor because it serves up bargain purchases” while discussing the real estate market in Dubai in the ongoing Pandemic. He stated that the pandemic has brought widespread fear among the people that will definitely serve up the bargain costs. This opens new doors to investments in Dubai. On asking where to invest, Sheikh Umar Farooq Zahoor states - it is a good idea to follow the strategy of Warran Buffet, meaning, look for the best properties that have lowered their cost because of the situation. Elaborating further, he mentioned with the best property he means the properties that are located in the prime areas of Dubai. These investments ...

UAE reaches out to India in Covid fight When it comes to COVID-19, the world has come together as one, says Sheikh Umar Farooq Zahoor. During our discussion with the leading entrepreneur, Umar Farooq Zahoor he mentioned how UAE is actively helping with remittances to India. He also mentioned and appreciated how UAE is supporting India in providing all the resources to fight the new wave of COVID-19 infection. How UAE is supporting the Indian Government to fight the new wave of COVID-19 Amidst this, UAE airlifted 6 cryogenic oxygen containers from Dubai to West Bengal in India. This is not all, Sheikh Umar Zahoor also mentioned that a similar service is also planned for Tuesday to bolster the supply chains. While the discussion continues, Sheikh Umar Farooq Zahoor also mentioned how the minister of Foreign Affairs & International Cooperation, Sheikh Abdullah bin Zayed Al Nahyan is pushing UAE to support the Indian government to fight the crises in which the country is. He ...

Abu Dhabi is simultaneously preparing for the growing demand for oil and gas and the global rise of renewable energy in the coming years. It is mentioned by Sheikh Umar Farooq Zahoor that the UAE is considering selling a ৪ 4 billion stake in Taku, the most successful Arab energy company, to fund ADNOCT's renewable energy drive.   What do You need To Know About Middle East Energy Markets? Umar Farooq Zahoor has mentioned the 4 billion figure comes from the government's plan to divest 10% of TAQA, also known as the Abu Dhabi National Energy Company. Potential sales news has already pushed TAQA’s market value to 43 43 billion. It turned out to be a busy week for the Abu Dhabi-based firm on Tuesday, heading after selling $ 1.5 billion in dual-tranche bonds with seven-year trench and 30-year Formosa notes. Sheikh has mentioned based on market data, Taqua sold 750 million per trench, the seven-year paper sold at 80 basis points compared to the U.S. Treasuries, and the 30-year ...

To attain a sustainable environment and infrastructure by 2021, UAE Infrastructure and Vision 2021 has been adopted as mentioned by Sheikh Farooq Zahoor when asked about it. Various key performance indicators (KIPs) have been set by UAE. This has been done to ensure that the targets are being well-measured. This also ensures that investments are made to achieve the same.   What is the scope of this step taken by the UAE? When asked about the importance of the vision, Sheikh Umar Farooq Zahoor mentioned how one of the most important pillars of the national agenda is attaining a sustainable environment and infrastructure. While preserving the environment and ensuring the perfect social and economic balance, UAE aims to ensure sustainable development. Not only this UAE thinks about various other aims as well. To achieve the best possible development, quality, reliability , affordable, and equal access to all, sustainable achievement, etc., UAE Infrastructure and Vision 202, has been d...

Umar Farooq Zahoor , a famous entrepreneur and investor mentioned that hydrogen is going to become the next big thing in the UAE. On being asked, he also mentioned that Manuel Kuehn, head of Siemens Energy said that they will use the green hydrogen to decarbonise the sectors as well as applications in the lives that we we are unable to electrify. Know a little about green hydrogen Green hydrogen is created by dividing water into two parts using electricity from any kind of renewable energy sources. This green hydrogen is being called the new fuel of the future which will help reduce carbon emission. How UAE is becoming a sensation in manufacturing green hydrogen? Mr. Umar Zahoor also mentions the plans of Siemens Energy with green hydrogen. As per the company’s plan, they will develop green hydrogen technology in the UAE in the next 5 years to help them address the huge market while reducing the cost of production overall. It was in January 2021, when Siemens Energy signed a ...

Dubai has taken measures to carried out some inspections this year 2021 and imposed some penalties on the violators who have gone against it. The department of tourism and commerce marketing of Dubai has in line with all local authorities to make sure establishments in the field of tourism are implementing all sort of precautionary measures on Coronavirus. Umar Farooq Zahoor said on the Eve celebrations of New year, the tourism of Dubai has conducted about 10K inspections of all hotel as well as recreational facilities. All in all, there are around 275 violations that were recorded and there are forty-eight facilities closed, marking a rate of compliance of around eighty-nine percent. Joint inspections can run with Dubai Municipality, Dubai Police, and the Dubai Economy Department mainly at places that catch large-scale gatherings. The violation penalties range from fines to that of some stringent warnings, close of the facilities, and permit suspensions. Also, Umar Zahoor said th...

A Great Initiative to Handle Needs of Growing Energy The program of Clean Energy has been discussed from 2015 by Sheikh Bin Rashid to meet the energy needs. The only aim of this strategy is to enhance the portion of renewable and clean energy by 7 percent by 2020 to 25 percent by 2030 and by 2050, it will reach seventy percent, as explained by Umar Farooq Zahoor. Dubai’s Clean Energy Strategy 2050 Umar Farooq Zahoor quoted that Dubai is a global pioneer in growing the clean as well as the renewable energy sector. It has come up with a lot of techniques & practices to grow the energy sector’s efficiency while rationalizing consumption and figuring out some alternative way-outs to conventional energy. This is such a big support to the sustainable development of the United Arab Emirates. Umar Farooq Zahoor said that the Clean energy approach 2050 of Dubai has flung by HH Sheikh Mohammed bin Rashid Al Maktoum, who is the Vice president cum Prime Minister of the United Arab Em...

 In the year 2021, Dubai is ready to climb high as the international globetrotters are arriving from time to time. While talking about the back story of the initial start, Umar Farooq Zahoor said that they have started reopening the tourism sector from the last quarter of 2020 by implementing all protocols &measures to tackle pandemic issues and make sure continuity in business. Umar Farooq Zahoor observed some hike in the tourism success as there was a record of around seventeen million tourists during 2019 and an increase of approximately five percent as compared to the last year. The contribution by the tourism sector to the UAE’s GDP was around twelve percent and it is responsible for direct tourism spending that is equal to twenty-eight billion. In October 2020, the EXPO was coming up and keep continuing till March 2022 as said by Farooq Zahoor and the event can be marked as a catalyst in the growth of tourism. Umar Farooq Zahoor has the opinion that the multi-geogr...

In the current tough times of the Covid pandemic, Umar Farooq Zahoor has taken the lead to support the general public in the region in a variety of ways, both health-related and monetary. Farooq believes that  Investment essential to avert the global energy crisis  and must regularly contribute towards society and provide assistance in various ways. In the next two to three decades, there will be a very likely energy crisis at the heart of rising global energy demands, scarcity, and environmental issues associated with traditional energy sources. Petroleum will become more and more costly and scarce, and by then we will see the climatic consequences of heavy fossil fuel use. At the same time, new nuclear facilities will come to a useful end.   The primary sources of energy have been established and no addition shortly appears to be probable. The only source of primary energy available was wood and other sources of natural biomass, birds of cargo and wind for maritime...