Jumeira University Dubai – LinkedIn Newsletter
OPEC Countries Extend Voluntary Oil Production Cuts
OPEC member countries, including Saudi Arabia, the UAE, Kuwait, and Oman, have announced the extension of their voluntary oil production cuts. This decision aims to stabilise the global oil market amid fluctuating demand and price uncertainties. The extended cuts are part of ongoing efforts by OPEC and its allies to balance supply and support oil prices. As major players in the global energy sector, these countries continue to influence market dynamics, ensuring stability and sustainability in the face of economic challenges and shifting energy demands.
Global Family Office Wealth to Reach $9.5 Trillion by 2030
A new report forecasts that global family office wealth will soar to $9.5 trillion by 2030. This substantial growth reflects the increasing influence of family offices in managing and preserving wealth across generations. The rise is attributed to the expanding wealth of high-net-worth individuals and the strategic investments made by family offices in diverse asset classes. As these entities continue to play a pivotal role in global finance, their impact on investment trends, philanthropy, and economic growth is expected to be significant, shaping the financial landscape in the years to come.
Startup Update
FasterCapital Launches New Funding Round for Female Entrepreneurs
In celebration of Emirati Women's Day, FasterCapital has announced a new funding round specifically aimed at supporting female entrepreneurs in the UAE. The initiative seeks to empower women-led startups by providing capital, mentorship, and business development support. This funding round reflects FasterCapital's ongoing commitment to fostering diversity and inclusion in the startup ecosystem, helping to drive innovation and economic growth. By offering tailored support, the programme aims to create more opportunities for Emirati women to lead successful ventures and contribute to the UAE's growing entrepreneurial landscape.
Business Term of the Week - Scalability
Scalability refers to a company's ability to grow and expand its operations or output without being constrained by its existing structure or resources. A scalable business can handle increased demand, production, or market reach efficiently, often through technology or streamlined processes.
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A scalable business model is essential for startups and growing companies. For example, a software company may design its platform to support an increasing number of users without requiring significant additional resources, allowing it to expand rapidly without proportional increases in costs. Scalability is often a key factor for investors when evaluating a company's potential for growth.
News Update from Jumeira University
Freshman Orientation for Fall 2024
Jumeira University is organising the Freshman Orientation for Fall 2024 on September 18 and 19 on campus. This event will introduce new students to university life, academic programmes, and support services. It’s a great opportunity for incoming students to meet faculty, staff, and fellow classmates while getting familiar with the campus.
Final update: Admissions for Fall 2024 are open at Jumeira University! For further details, please contact us at +971528063270 or https://ju.ac.ae/. We look forward to welcoming you!
This weekly newsletter is prepared by Dr. Afseer Majeed. Reach out to him here.
Disclaimer: This newsletter is provided by Jumeira University for informational purposes only. The content reflects the views and research of the authors at the time of publication and is subject to change. The information provided is not legal, financial, or professional advice and should not be relied upon as such. Jumeira University disclaims any liability for decisions made based on this content.