Fuad Sharaf worked in the public sector for eight years before leaving it all behind for a career in retail.
"I will never regret it because I am really happy with what I am doing," says Mr Sharaf, who runs nine regional malls in his role as the senior director for the GCC in property management at Majid Al Futtaim (Maf), where he has worked for almost 10 years.
And he hopes more of his fellow Emiratis follow him in to the industry.
"You can see lots of Emiratis moving towards the private sector," he says.
"Our founder, Mr Majid Al Futtaim, is a big believer of employment of nationals in the UAE and any other market of operation. It is a key longer term sustainability of the business."
About 15 per cent of Maf's workforce in the UAE is Emirati, and GCC nationals make up a large proportion employed by the company elsewhere in the region.
"In Oman it's 92 per cent. In Bahrain it's 76 per cent. In Egypt it's 93 per cent and in Lebanon it is 86 per cent," says Mr Sharaf.
He says said he was attracted to the business because of the career path and knowledge he accrues on a daily basis.
"Every second when you sit in this company and communicate with contractors, everyone, you get knowledge and experience," he says.
"If you are running shopping malls it gives you the sense of running a small city. You meet with different people, different types of businesses, retailers, contractors, technical team, marketing, so it gives you an influence in everything. It's a great experience."
gduncan@thenational.ae
Company%20Profile
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What is blockchain?
Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.
The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.
Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.
However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.
Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Results
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Know your cyber adversaries
Cryptojacking: Compromises a device or network to mine cryptocurrencies without an organisation's knowledge.
Distributed denial-of-service: Floods systems, servers or networks with information, effectively blocking them.
Man-in-the-middle attack: Intercepts two-way communication to obtain information, spy on participants or alter the outcome.
Malware: Installs itself in a network when a user clicks on a compromised link or email attachment.
Phishing: Aims to secure personal information, such as passwords and credit card numbers.
Ransomware: Encrypts user data, denying access and demands a payment to decrypt it.
Spyware: Collects information without the user's knowledge, which is then passed on to bad actors.
Trojans: Create a backdoor into systems, which becomes a point of entry for an attack.
Viruses: Infect applications in a system and replicate themselves as they go, just like their biological counterparts.
Worms: Send copies of themselves to other users or contacts. They don't attack the system, but they overload it.
Zero-day exploit: Exploits a vulnerability in software before a fix is found.
UAE%20v%20West%20Indies
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COMPANY%20PROFILE
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Call of Duty: Black Ops 6
Developer: Treyarch, Raven Software
Publisher: Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5
EA Sports FC 25
Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, Xbox One and Xbox Series X/S
Rating: 3.5/5