Umar Farooq Zahoor - An Entrepreneur, Investor, Philanthropist

A growth of more than 7.5% is expected to be reported on the UAE oil and gas market. 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. In addition, it initiated a 45-billion dollar mega-project in 2018 to boost its refining capabilities. 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...

UAE is coming up as one of the strongest and diverse economies in the world. They are recovering fast and sustainably with a long-term plan in the process. The Ruler of Dubai, Sheikh Mohammed, believes and boasts about the growth in the country's revenue stream and the golden future it holds. This statement comes after he chaired a meeting with the Ministry of Economics’ task force to review post-COVID-19 recovery plans. This meeting was attended was various important dignitaries and ministers of the cou ntry. Sheikh Mohammed, the Vice-President, Prime Minister of the UAE and Ruler of Dubai, was briefed about the plan for the recovery of the economy named "The Fifty economic plan" that talks about the project next one decade and the critical outcomes by 2030. The plan's critical aspects were presented to the ministry, along with the outline of a detailed plan. The country is moving towards a well-integrated, competitive economy that has a proactive and positive stan...