Umar Farooq Zahoor - An Entrepreneur, Investor, Philanthropist

Green energy or renewable energy is the most stable and sustainable source of energy that can be used without the worries of its being gone from the face of Earth, unlike non-renewable energy. With the constant and overconsumption of non-renewable energy, humans have exhausted it to such an extent that it’s a luxury for an upcoming generation but that too if we able to save some just for education purposes. Cutting some slack in saving Mother Nature and planet Earth, UAE has accelerated its steps towards the green energy to reduce carbon footprint and become an eco-friendly region. With the assemblies such as Irena, UAE has pledged to be soon using just green energy and forsaking every other non-renewable energy. With the way the country is launching one massive project after another, it can be assumed that in some time, UAE will become one of the largest provider or green energy to exist. If facts are to be believed, UAE has so far invested more than $12 Billion in different gree...

Previously UAE was one of the biggest producers of carbon in the world. The oil sector has a big part in the world’s increasing the Earth’s temperature and hindering with the non-renewable or say non-green energy source of the planet. With the various seminars and conferences, the countries decided to work on the growth of green energy to become more eco-friendly and save the world for the upcoming generations. Dubai’s ultimate goal is to achieve its target for maximum stability and no to depend on other countries for any of the sources. So far, Dubai has reduced its carbon footprint by a huge goal and has found a maximum alternative for its non-green business which includes the trade of crude oil. The purpose of MENA country is to increase the use of green energy in the country by 50% to put a stop on non-sustainable point soon enough and become a global force to outsource the green energy too that other countries can depend upon. These green energies are not harmful to the planet...

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...

The market keeps on changing with the on-going trends and demands of generation. Being the leader in crude oil, Dubai has now decided to change its course and invest more in green energy. The earth is now moving closer to global warming at an alarmingly fast pace, which is highly concerning for all the obvious reasons.    After meeting MENA countries and the global summit on global warming, the countries agreed on lowering the consumption of non-green energy and depending more on green energy. And in this scenario, the UAE is again emerging as the leader, committed towards the cause more than any other Middle East country.    What’s undoubtedly apparent is that the local government is alone not enough for the cause, but there need to be more players in the field to make this vision come true. With an investment of more than a few million dollars in setting up the solar energy plant, UAE has opened the market for various business moguls to invest in and take the c...

Dubai has become a melting pot of societies and culture with people migrating from over 200 countries to reside in the beautiful city. With the ever-increasing population in the city, the real estate has become a hot investment. If we look at the data from 2008 to 2018, there has been an increase of 86% in the population. A lot of housing projects are already underway to accommodate such high growth in population, making real estate grow many folds with savvy investors. Dubai is coming up as the smartest city in the world with innovations coming up and bringing a higher rate of return of investment. Home to the tallest building Burj Khalifa, the city is attracting huge masses as a tourist as well as dwellers. No one can deny that with such a rapid increase in population, there are requirements for establishments such as shopping malls, hospitals, hotels and even houses. This is coming up as an excellent opportunity for people to buy properties in the city. Sheikh Umar Farooq Zahoor...

After the outbreak of Novel Corona Virus, the countries were shut down, and people were asked to stay quarantined. The malls were closed, schools, movie theatres and the pilgrims and shrines. People were asked to maintain social distancing and to avoid travelling or going out to even office. Millions of tickets were cancelled because of the pandemic. And one amongst any was Hajj 2020 . Hajj is a holy pilgrimage of the Muslim community . People go there to offer their prayers. This year even the sacred shrine of Mecca and Medina was also closed for pilgrims to avoid the deadly outbreak. It made people upset, but everyone was already aware of why it was necessary. The numbers of infected people have drastically decreased now in some of the worse affected regions, and people are returning to their healthy lives, slowly but definitely. And there has been as the announcement that Hajj 2020 has commenced again. People can now back go for Hajj but must follow strict social distancing rule...