Benefiting from the virtual revolution and monetary generation is the main pillar to shape the long-term virtual transactions.
Dubai, United Arab Emirates: Business and government leaders from Harvard Business School GCC Alumni Club’s Crossroads GCC Future Impact Forum highlighted the wonderful importance of public-private partnerships in creating new opportunities for young people, the role of the virtual currency revolution in shaping the long execution of monetary transactions, as well as the importance of achieving happiness in operating environments in the Gulf countries.
His Excellency Ghannam Al Mazrouei, Secretary General of the UAE Talent Competitiveness Council, said the UAE government encourages engagement with the personal sector to facilitate greater EMIRATI talent.
“The personal sector is the main driving force of economic progress in any country,” he said. “We call on the personal sector to offer more opportunities to Emirati graduates. “
He said the UAE Talent Competitiveness Council has created a programme to offer graduates a one-year experience in private sector companies.
“At the end of the year, the company has the option of hiring them or not, in addition to increasing the talent of governments,” he said.
Khaled Alsaleh, senior vice president and general manager, MENA at virtual transformation company Sutherland, said education in the region will have to evolve to cater to upcoming global employment trends.
“We have good news and bad news, the bad news is that in just five years 85 million jobs are going to disappear, I’m sorry for those who have jobs like executive assistants, knowledge entry, other jobs like that because digitalization and automation are above those roles,” he said.
“The good news is that we will still have a hundred million new jobs in those and other fields, I think it’s very important to identify foundations now to serve those labor markets through education,” he said.
Dr. Lamya Al Haj, a professor at Sultan Qaboos University, Muscat, Oman, asked why there is a common confidence in the region that government positions are the only way.
“Other young people deserve to be encouraged to empower themselves by using online courses, informal lectures or whatever exists, it’s easy to achieve. We want to be a proactive society, come together and everyone else,” he said.
The executive director of the Arab Youth Center, Sadek Jarrar, said the demanding situations facing the region are similar to the demanding situations facing the Arab world.
“Over the years, we have noticed a tendency to migrate a large number of skilled people from Jordan, Iraq, Egypt and other Arab countries, but recently their main destination is the United Arab Emirates before the United States and Europe. It shows that the region is on the right track, attracting skills and leading by example,” he said.
Decrypted finances
In a consultation titled The Future of Finance Decrypted, speakers discussed the long-term of monetary technology, cryptocurrencies, and investing in the virtual environment.
Fadi Ghandour, Chairman of Wamda Capital, said: “We are witnessing a huge revolution in virtual box and FinTech towards a full-fledged economy. The strong push for virtual platforms has also helped create promising investment opportunities in those sectors, despite a lack of clarity about the ability of some corporations to continue their activities.
Navin Gupta, Managing Director, South Asia and MENA at Ripple, said the virtual area represents the long term of many sectors, especially the money sector.
“This requires us to continue our efforts to educate and educate staff in sectors, especially in start-ups and SMEs, in order to expand effective tactics to take full credit for those technologies. In addition, it is up to policymakers to expand policies and law with the aim of strengthening FinTech and disrupting virtual payments, which is helping to improve economic sectors and facilitate business,” he said.
Yasmeen Al Sharaf, Director of FinTech and Innovation at the Central Bank of Bahrain, said that the expansion of the FinTech sector in the virtual area faces many challenges, the maximum of which are the architecture of FinTech models, the complexity of this technology and its regulatory environment, perceiving and coping with its risks, and ensuring its optimal application.
“These demanding situations would put more pressure on policymakers to set the level and avoid creating negative repercussions on the monetary and economic policies of the GCC countries. In Bahrain, we are willing to solve all this by doing more research to fill in the gaps and potential paintings. to meet the needs of the market,” he said.
Abdullah Al Tuwaijri, CEO of Boubyan Bank in Kuwait, said he has presented many projects for professionals from the monetary sector and the public, to take advantage of his vision of innovation to expand services.
“Fintech represents an opportunity to expand those within banks, and it also has a remarkable role in making investment in corporations operating in this framework more reliable. As for us at Boubyan Bank, we are already making plans to invest in start-ups operating in FinTech and the virtual space. “
Preparing GCC Retailers for the Happiness Economy
Retail leaders in the region try to create “happy” organizations while adapting to conversion models and market trends.
Ralph Debbas, CEO of W Motors, explained the dose of happiness in his company.
“It’s hard to describe happiness, so I would say joy because it’s anything that can be achieved on a daily basis with a smart environment and smart goals,” he said.
“Being founded here in Dubai, we are in a fortunate position as we are in a country that focuses on the future, empowerment and attracts talent. Happiness is about being successful, being part of something big and having a challenge on the ground,” he said. Said.
Abdul Aziz Al Loughani, CEO of Floward, expressed his company’s pride in fortunately combining its services.
“We captured a giant portion of our celebrations on other occasions. We have a high-value pyramid designed for what makes our consumers happy, and that pyramid starts with features that come with the right prices, variety, visitor service, user experience, and quick response. I think we’re thrilled with our culture in this component of the world, a culture that encourages giving. We measure happiness through the loyalty of our consumers and what we are offering them,” he said.
Hala Matar Choufany, president of consultancy HVS Middle East, Africa and South Asia, said: “I look at happiness not from the point of view of groups or companies, but from the point of view of satisfied people. What’s very appealing about this occasion is that each and every one of the initiatives and challenges we talked about and how to succeed on them are obviously intended to create a happier place. Today, happiness is expanding to become a matter of empowerment, contribution and having an effect on your business. “
Ashish Panjabi, chief operating officer of Jackey’s Group, said they all had another one for the same question.
“Happiness is about the things we take for granted. When we went through tough times like COVID, we started to appreciate the things we have here in the UAE, the fact that we didn’t have to worry about vaccines and the wishes of the airlines helped. “let’s get hooked on the world. These are examples of undeniable facts that make us happy. “
HBS GCC Crossroads’ 2022 future impact forum concluded on Thursday with group sessions that will offer systems to be held throughout the year and reviewed next year.
A repository of committed wisdom will build on the wealth of concepts that were collected during the two days of the forum and turned into white papers and strategic initiatives.
The forum will be held next year in Riyadh, Saudi Arabia and will exchange between GCC capitals to highlight the importance of addressing demanding situations that are not unusual in all countries.
For more information, the official website: www. hbsgcccrossroads. com
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About the Harvard GCC Business School Club:
The Harvard Business School Club of the GCC (HBS GCC), a non-profit organization formed through former HBS from GCC industrial sectors, representing more than 1,200 members from the region. HBS GCC presents this exclusive platform to bring together diverse stakeholders from business, government, academia and other fields will be combined for this world-class face-to-face event.
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