Banks in the region have benefited from the increase in US interest rates
business1 hour ago
Leadership is a test case when it comes to exhibiting talent and acumen in an unbiased manner. For good leaders, it is mandatory to be retrospective and have a broader outlook when making decisions. Moreover, innovation, having the right people around, and executing projects at an appropriate time are essentials for success across the board. It is said that the moment corporate and business leaders start enjoying their job and get a satisfactory feedback from down the bottom; their stars are bound to rise. There isn't any looking back if corporate leaders start sharing their ideas, accept inputs from their wards, and disseminate confidence in the rank and file of the business ladder. Networking, taking responsibility and investing in human resource and technology are other indispensables for corporate success.
The UAE is the second largest economy in the Arab world, and is busy scaling new heights of success. It is home to some of the best corporate brains in the region, and beyond, and is marshalling a society that is second to none. The leadership's vision acts as the guiding principle as the UAE grows and is destined to reach the Red Planet in 2021. It has a diversified economic strategy, which converts it into a pool of talent and resources for big businesses. Likewise, the country's stringent administrative policies make it a global hub for corporate confidence, and ushers in a new era of competition and fair play. This is why the UAE has corporate presence of almost all of the world icons, and is a booming and enterprising market.
As the UAE is gearing up for new tax regulations in order to further streamline its business operations, corporate leaders have a new role to play. While the country is home to corporate, multinationals, and consultant associates from all over the world, it will be an uphill task for many companies and businesses to reorient themselves with new laws and regulations. It goes without saying that UAE's business icons are some of the great fortune-makers in regional and global economy.
Corporate leaders in the UAE have dispensed their responsibilities always in a challenging environment. Their resilience is noticed. They made the right use of opportunities available in an emerging financial hub for regional and global players, and made it an inevitable destination in terms of sustainability and positivity. This is why most global icons and brands have a presence in the UAE, which makes it a stage for corporate and international finance. Banks, corporate offices and financial institutions enjoy unlimited avenues of business, and the pro-growth and investment policy of the government acts as a catalyst, as business leaders articulate their expertise in a passionate manner.
The UAE's corporate and business icons are some of the best and distinguished in the world. They range from aviation to industrial hubs, and from Emirates to JAFZA, DAFZA, and Dubal, to one of the world's largest dry dock ports, and the largest cargo-carrying airports in the region. Oil and gas, real estate, banking sector and consumer services are other distinguishable avenues where business leaders have made their mark. Telecommunication giants and construction magnates such Emaar and Damac are rising suns in the region. Business leaders and decision-makers associated with these iconic brands have churned wonders by virtue of their acumen and intelligence.
Day in and day out, nonetheless, they are reinventing and reorienting themselves for a broader role to maximise profits and their respective brand vitality. The personal invincibility and phoenix rise of some notable magnates are telling tales for future generations.
- mehkri@khaleejtimes.com
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