Business Mogul

Hussain Sajwani; Surviving the 2008 Market Crash

From mortgage crisis to credit crisis and even the government bailing out from major real estate projects, the 2008 market crash affected some of the high-profile businesses the world has had in a long time. Throughout that year, major financial markets experienced a drop in value with more than 30% registered as the loss. As such, the period was ranked among the most devastating eras in America’s financial markets. If there is one person who experienced this ordeal on a higher notch, then Hussain Sajwani the DAMAC owner is one such individual. Finally, he is coming clean about what really happened to his business after investing billions in multiple real estate ventures across different states.

 

Understanding Hussain’s Story

Hussain Sajwani was not born with a silver plate in his mouth. In fact, he grew up in very humble beginnings. His father owned a busy retail shop that supplied items like shirts to men. He also sold stationary and was dedicated to tagging his son along in the business. With his father’s help, Sajwani the DAMAC owner decided to learn more about business and how to maneuver in the industry. Later into the years, he decided to pursue school by joining Baghdad’s school of medicine. One thing that stood out in him at that moment was the fact that he was smart. For that reason, when he lost interest in medicine, he left Dubai to pursue education in the United States of America. Joining the Washington University was a dream come true for Sajwani as he was now able to pursue economics and engineering.

 

Career

After school, Sajwani started working for GASCO Oil Company, located in Abu Dhabi. It was at that moment that he decided to focus on business instead of employment. Therefore, he started a food catering company that performed well. Later into the months of supplying more than 20,000 clients with catering services, Hussain Sajwani DAMAC Owner thought that it was prudent to spread his risks by starting a real estate business. Now that is where the 2008 market crash comes in.

 

The Market Crash

Damac Properties is a prominent real estate company established by Hussain Sajwani. Over the past years, the company gained footing in major real estate business. Not only was it defined as a leading property developer in the Middle East but also a major luxury property provider in America. Having worked with President Trump for some years, the DAMAC owner established his company in major leading platforms that attracted millions of clients. As such, the 2008 market crash marked the most devastating point in his life. As he narrates it to the interviewers , it is clear that he lost millions to the major economic crash. His clients were more affected by the ordeal as they lost billions in his business. While contemplating about how to handle the loss, he almost ran into depression. However, being visionary and dedicated, the DAMAC owner recalled his father’s lessons in respect to excelling in business. As he points it out, Mr. Ali Sajwani was a dedicated individual who always taught him to put on a brave face in such circumstances. Given that he also ran his father’s business, he was in a position to pick up his mess and come up with a viable business plan that has now shaped the real estate industry in Dubai.

Learn more about Hussain Sajwani: https://www.eremnews.com/news/arab-world/gcc/906780

AvaTrade’s Review on Its Activities to Boost Trading Operations

AvaTrade, an Ireland-based organization was architected in 2006. The operations of AvaTrade are regulated by Ireland’s Central Bank in the European Union. Additionally, AvaTrade is a certified financial firm that manages its activities as per the license the Markets in Financial Instruments Directives present to it. As a right trading company, AvaTrade provides a variety of services including the access to numerous financial markets to choose. Usually, the available financial markets range from Forex to cryptocurrencies and stock commodities, as well as, indices. Besides the providence of trading platforms, AvaTrade offers account holders with advantages of negative balance protection. This fact according to AvaTrade review implies that the traders will retain the exact amount that they deposit.

 

AvaTrade attains its massive usage from the trust and warranties it assures the traders. Usually, the company provides the customers with guarantees that they will never lose what they hold in their accounts. Additionally, AvaTrade review works towards protecting the client funds in such a manner that they never mix personal finance with corporate funds. The AvaTrade review indicates that customers have other advantages including the additional property protection given by the Investor Compensation Company. Other distinctive elements of the organization include its trading platform known as the AvaTradeAct. Nevertheless, traders prefer using the Meta Trader 4 because of its advanced comprehensiveness.

 

Since its augmentation, AvaTrade has expanded its activities and is currently serving more than 200,000 accounts. The AvaTrade broker executes over 2 million transactions monthly. Moreover, these amounts often surpass $60 billion, which is the total mark value. Due to a client-oriented focus, AvaTrade endeavors to offer their customers with a diverse range of products and services. The company achieves this by providing a broad variety of trading platforms that are supported by diligent support staff. AvaTrade customer review illustrates that the members of the support staff are responsible and persistent, and are available 24/5.

 

AvaTrade is the exceptional trading organization to acquire useful trading skills and knowledge. AvaTrade prioritizes educating and enriching its traders to give them confidence while trading. Thus, AvaTrade provides unique materials and training to boost the trading skills of its clients efficiently.

Stellar’s Universal Financial Network, Jed McCaleb

Jed McCaleb is a well-known programmer and cryptocurrency expert. There is no dispute in his contribution to the cryptocurrency world like starting the first Bitcoin exchange Mr. Gox. Over the years he has recognized that the global financial system has very notable flaws. This revelation would lead Jed to teaming up with Joyce Kim to cofound Steller Development Foundation in 2014. Stellar being focused on increasing economic participation and inclusion in a Universal Financial Network.

The idea for Stellar came from understanding that many problems that can be solved using a distributed database, the technology behind Bitcoin. Creating a digital currency was just the beginning and the need for connecting financial institutions is the next step. This is where Stellar comes into the scene, being an open source financial network designed to connect financial institutions together. Through Stellar, Jed aims to help institutions reach out to the unbanked population of the world. This will be done through the linked institutions being able to offer more affordable services.

Jed has already seen Stellar implemented in financial infrastructure across the world. Through businesses, financial organizations, and nonprofits. With Stellar’s implementation seeing success it has garnered special interest in the developing nations. Where substantial portions of the local population are unbanked and makes up most of the world’s unbanked population.

Jed McCaleb and his team have made significant upgrades to the Stellar Network in terms of its security, scalability, and how modular it is, since its inception in 2014. The addition of SCP (Stellar Consensus Protocol) to enhance the Security of Stellar Network is one of these upgrades. Another one would be the approach Stellar has taken with Smart Contracts. Which utilizes two main components namely batch operations and multi-signature support. Many of these upgrades are developed through the participation of the Stellar Network Community, because Stellar is a Community run network.

When it comes to Success Jed believes that to putting the time and effort to development of solid planning and strategies. Believing that without a focused plan you cannot succeed if you set the wrong goals in the first place.

Hussain Sajwani Is Excited About Social Media And Its Affect On Marketing

Hussain Sajwani educated himself by studying Economics and Industrial Engineering at the University of Washington. He started a catering business in 1982 that became a successful business and that has reached the world, serving the Middle East as well as Africa. He is a pioneer when it comes to property market expansion in the Dubai area, and he has done well with all of the ventures that has undertaken. Hussain Sajwani is the Founder and the Chairman of DAMAC Properties. He is a man who has worked hard to get to the place that he is at and who deserves all of the success that he has found.

 

Hussain Sajwani is someone who knew that he would be able to make good money working for himself and that is why he got started creating a business of his own. He has shared that he grew up working for a family business and that the experiences that he had when he was young helped to lead him to live out the life that he did as an adult. He started his catering business because he knew that he could do well in working for himself. From there, he started another business because of a growing interest in the real estate world.

 

When asked about a trend that excites him, Hussain Sajwani shared that he is interested in the digital marketing and social media world. He has grown excited in watching social media as it has changed through the years. He is excited to see where it will go in the future. Hussain Sajwani likes the communication aspect that is a part of digital marketing and the social media landscape. He enjoys seeing the dialogue that takes place in the social media world. He is anxious to see what will happen in the future when it comes to social media and its affect on marketing.