Umar Farooq Zahoor - An Entrepreneur, Investor, Philanthropist

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 to domina

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