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World's Most Powerful Entrepreneurs in The Middle East, 2023
World's Most Powerful Entrepreneurs in The Middle East, 2023
World's Most Powerful Entrepreneurs in The Middle East, 2023
Parvez Sultan
Rupani Chairman | DGTX Holdings
Building a Hub
for Entrepreneurship
The Middle East region has long been known for its rich
cultural heritage, strategic geographic location, and vast oil
reserves. However, in recent years, the region has also
become a burgeoning hub for entrepreneurship, with an
increasing number of start-ups and a growing interest from
investors.
Another best practice for investors is to build a diverse Rupani's commitment to delivering innovative solutions to
portfolio of investments, which can help manage risks and his clients has been unwavering. He has quickly identified
maximize returns. By investing in a variety of sectors and trends and opportunities that others might have missed,
industries, investors can avoid being limited to a particular giving DGTX Holdings an edge over its competitors. The
market. 'Arabian Best of Best Award' for digital transformation is a
recent accolade bestowed upon him.
The latest edition of the World's Leaders, titled "World's
Most Powerful Entrepreneurs in the Middle East, 2023," In this special edition, let us share similar, inspirational
showcases numerous names that are breaking the mold in tales and interviews with many such dedicated leaders in
the Middle Eastern business scene. order to raise awareness about their contributions to making
the world a better place.
The cover has Parvez Sultan Rupani, the Chairman of
DGTX Holdings, is an accomplished entrepreneur with a
proven track record in driving digital transformation. He
has consistently been at the forefront of innovation as a Have a lovely read!
leader, contributing significantly to DGTX Holdings'
success and its emergence as a leading player in digital
transformation.
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APRIL 2023
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Parvez Sultan Rupani
A World-renowned Entrepreneur, Philanthropist,
and Visionary Chairman of Dgtx Holdings
20 Alessandro Redaelli
24 Alice Veglio
30 Diego Granese
40 Maqbool Al Wahaibi
44 Noor Al Muhaideb
48 Renata Liuzzi
54 Saifi Ismail
58 Tariq Chauhan
Parvez Sultan
Rupani
A World-renowned Entrepreneur, Philanthropist,
and Visionary Chairman of Dgtx Holdings
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COVER STORY
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Prior
Journey
Parvez Sultan Rupani, the Chairman of DGTX
Holdings, is an accomplished entrepreneur
with a proven track record in driving digital
transformation. He has consistently been at
the forefront of innovation as a leader,
contributing significantly to DGTX Holdings'
success and its emergence as a leading
Having been born in Pakistan,
studied in the United States, and player in digital transformation.
lived in Dubai, Rupani has gained
diverse and extensive global Rupani's vision and ability to anticipate and
exposure. He has run several
businesses, managing teams of up adapt to new trends have been pivotal in the
to 300 or 400 people in various company's achievements. The coveted
parts of the world, giving him a Arabian Best of Best award for digital
unique perspective on business transformation is a testament to his
mentality and market trends.
unwavering dedication and hard work, a
Rupani believes this experience has great honor.
given him an edge in anticipating
market shifts and adjusting Rupani's commitment to delivering
strategies accordingly. Thanks to
his deep understanding of the innovative solutions to his clients has been
market pulse, he is confident in his unwavering. He has quickly identified trends
ability to predict future trends and and opportunities that others might have
prepare for them proactively.
missed, giving DGTX Holdings an edge over
Rupani moved to the United States its competitors. The 'Arabian Best of Best
after completing high school for Award' for digital transformation is a recent
higher education. He worked in accolade bestowed upon him.
school stores, gas stations, and
other part-time jobs to finance his
education. He ventured into This prestigious award is granted to
entrepreneurship and experienced exceptional individuals and organizations
successes and failures. Through that have made significant contributions to
these experiences, Rupani learned
valuable lessons and gained the the digital transformation industry in the
strength to overcome obstacles and Arabian region. Rupani's notable
setbacks, which he now uses to achievements in this field have earned him
inspire and mentor others.
this recognition, highlighting his outstanding
In 2009, Rupani relocated to the contributions and commitment to the
UAE from Pakistan with his industry's growth and success.
brother and partner, Asif Ahmed,
with no established business then.
Starting with a small six-person
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operation, they worked hard to needed to be an existing Taxation, recognized the challenges
become the number one partner of mechanism. Small businesses in the small businesses face in complying
Etisalat by 2016, earning multiple country were not handling any with the new taxation laws in the
awards within just a few years. accounting. The POS system was Middle East and offered them a
Their team has since grown to over essential because it allowed the comprehensive solution. For only
200 people, and they have collection of the additional 5% tax 500 Dirhams, DGTX offered to
developed their own product, that consumers paid. Additionally, a handle all aspects of taxation,
DGTX, which Etisalat now sells. company or person was necessary including providing a point-of-sale
to calculate the taxes owed and file system, calculating taxes owed,
DGTX them properly, keeping archives of archiving documents, representing
all documents for five to ten years. businesses in case of issues, and
DGTX is an acronym for digital In case of any issues, such as report providing a tax agent.
taxation, and it was established in errors, a tax agent or local lawyer
response to the introduction of was required to represent the This service was a significant
direct taxation in the Middle East business. All five components were success, and DGTX registered
three years ago in the form of challenging for small businesses to 16,000 businesses and now serves
value-added tax (VAT). The manage, making it difficult to over 4,000 active customers.
government taxation authority comply with the new taxation laws However, the challenge of
required businesses to have a effectively. collecting payments remained,
proper point-of-sale (POS) system which DGTX overcame by
to record all sales because there DGTX, which stands for Digital partnering with Etisalat, a company
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Words of Wisdom
Rupani advises emerging leaders to
believe in themselves and their vision,
even if others doubt them. He
encourages taking calculated risks
and taking the necessary action to
succeed. He emphasizes that
knowledge alone is insufficient and
action is the key to achieving goals.
It's important to remember that even
the wealthiest person in the world was
not predicted by their school teacher,
emphasizing the need to have faith in
oneself and one's abilities.
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with a significant presence in the
UAE's business community, to
include the 500 Dirhams in their
monthly bills. This partnership
provided DGTX with Etisalat's
brand and collection mechanism,
making it easier to collect
payments. DGTX is certified by the
FTA and is gearing up to introduce
Corporate Tax in June 2023, where
they plan to offer even more
services to their customers for the
same price. Overall, DGTX's
comprehensive approach to
taxation has made compliance
easier for small businesses, and its
partnership with Etisalat has made
payment collection more
accessible.
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Facing Challenges to Becoming a
Success Story
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Alessandro
Redaelli A distinguished Hotel Professional
with Years of Work Experience
E
Every successful hotel manager is aware of how
important it is to deliver excellent client service.
However, excellent customer service abilities aren't
the only thing you'll need if you want to head a
successful hospitality team. In the eld of hospitality
management, you'll need to be able to build a strong
team that will enable your business to operate at peak
efficiency.
Alessandro is a well-known hotel expert. Despite
having worked in the hospitality industry for more
than thirty years, he only recently joined Conrad
Abu Dhabi Etihad Towers. He can guarantee you that
no day is ever the same. He shares, "Some of my rst
memories of working in the eld are back from Italy
doing a Kitchen & Service diploma, aer which I
went on to study hotel management in Switzerland.”
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busy schedules during the week, it is
important that our weekends are spent
together enjoying one anothers
company and catching up." He
believes it's important to take out time
for himself to rest and replenish to give
the work that one does and is
passionate about 100%.
Success
"Your success is defined by how your
connections with people are. The more
successful you are at nurturing and
sustaining relationships with people,
the more successful you are," says
Alessandro. Before anything else, he
thinks it's very important to recognize
the people who got him here. The
people Alessandro surrounds himself “As a leader, you set the tone for your team;
with have been the key to his they look to you for support and guidance, so
continuous growth and success. He when your team hits a roadblock, you have to
states, "From my family and friends to
my teammates, colleagues, and the step up and get through it with them.”
people I've had the pleasure of meeting
and learning from. I am very grateful
to have a strong support system that his teammates: the opportunity to be approachable and to provide people
constantly inspires and pushes me to with the freedom to discover and realize their full potential.
do my best.”
Understanding Others by Stepping into Their Shoes
While you're on that journey of Alessandro strongly believes that hotels and teams are really only as
progress, Alessandro thinks it's good as their people and learn about them as a person such as hobbies
important to pay it forward and give and their family. He says, "Having a simple, meaningful conversation
back to the community for everything can go a long way." While being a leader can open up many doors for
they've done for you. Throughout his one, it comes with its fair share of challenges. He further adds that, as a
career, he has had mentors who have leader, one is the voice of his or her team and the bond that holds them
taken the time out of their busy together. He assert, "It's important to be persistent in standing up for
schedules to teach him, sometimes your team as well as the values that you hold."
starting from scratch, in order to help
him learn, grow, and gain insightful Alessandro gives advice to all the leaders in the making to swap places
knowledge that has helped him go a with their own team members for a day. As a manager, he often steps into
long way. He is incredibly appreciative the shoes of his team by working in positions such as bellboy and
of them, and that is one thing he truly breakfast barista, which gives him first-hand insight into the workings of
appreciates and aspires to provide for the organization as well as the challenges faced by his colleagues.
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One of Italy’s Best Emerging Leaders
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The focus of the Billionaire Group
shifted towards internationalization,
taxation, and international tax planning
in 2015, quickly becoming a leading
Granese has achieved significant notoriety
company in transferring Italians to
in Italy, where he has appeared as a guest on Dubai, with over 500 clients and assets.
numerous television programs such as The company specializes in opening
Mediaset's LIVE non è la D'urso, businesses in tax-advantaged countries,
Pomeriggio 5, and Rai3's BLOB. He has primarily in Dubai, obtaining residency,
garnered attention from various prominent financial strategy and planning, business
media publications and magazines for his consulting, foreign market consulting,
exceptional business skills and acumen, opening business accounts, and other
related services.
including Libero Quotidiano, ANSA,
IlTempo, TGCom, Corriere della Sera, Il The Group of Companies
Messaggero, Millionaire, IBtimes, Disrupt,
Vents Magazine, Medium, Influencive, El Original S.r.l. is an Italian-based
Thrive Global, Metropolitan, American innovative beverage company founded in
Daily, and others. September 2019. The company's primary
objective was to distribute Aviva Wines'
products exclusively in Italy. However,
due to its efficient and effective business
model, El Original S.r.l. quickly became
a significant player in the Italian
beverage industry.
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The actions you have taken up to this point
have led you to where you are in your career.
“Every action you take, including taking risks,
forging new relationships, and mastering new
skills, has the potential to lead to a path of
success.” Renata Liuzzi, CEO & Founder of Axis
Partners, encourages everyone to invest in
learning for career advancement and personal
growth as the key to success, as well as
creating a trusted network around you that will
support you on the desired speed of growth.
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Ladder to Success
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“In addition, enjoying happy moments
with my team and reinforcing the
concept of teamwork are important
qualities that I try to maintain.”
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Profession Stepping Ladder
An Australian-Jordanian
businessman and computer engineer,
he holds a bachelor's degree in
computer engineering from the
Jordan University of Science and
Technology and a postgraduate
certificate in management from
Macquarie University in Australia.
He began his career in 2004 at
Huawei as a VAS engineer and
worked there till 2006 in the service
and software division. Later, he
worked as an account manager for
ZTE Corporation for two years.
Ismail began working with Etisalat in
2008 as the manager of product
marketing.
A
well-directed strategy is essential for corporate
exchange, two years later. For over
success. A holistic business approach is one such four years, he served as vice
idea that enables all employees to collaborate president of sales and business
development for the Middle East,
for the success of the company. Managers may promote
Africa, and South East Asia regions.
their organization's objectives and communicate with Ismail returned to Etisalat as the
their teams more effectively by learning more about director of modern commerce in
holistic approaches. In order to identify solutions and 2013, a role he held for around six
years. He later began serving as Yalla
efciencies that meet the demands of all departments at Group's group president and a
once, effective operations leadership must take into member of its management team as
account the specic objectives and viewpoints of each of October 2019.
department. To satisfy the needs of the customers, one
The Essence Behind Yalla
should have divisions that must cooperate. Although it
can be tempting to think of each department as a Yalla Group Ltd. was conceptualized
in 2016, during a period when
separate silo, there are some critical tactics that
computer games and their related
operations directors can use to develop a comprehensive devices dominated the digital
strategy. Meet Sai Ismail, Group President of Yalla Group entertainment market. With the swift
Limited, who is achieving success in all areas of operations technological improvements the
telecommunications industry has
with a holistic approach, whether it be in terms of revenue seen since then, the idea has
or user growth. continued to solidify and develop,
and the decision was made to launch
56 | APRIL 2023
the business at Dubai Internet City.
Numerous factors led to the decision
to launch from the Emirate of Dubai.
First, it draws in investors from
throughout the world because of its
desirability. In addition to the need
for Arab societies to provide content
specifically for the Arab world via
Arab platforms specialized in this
sector, whose goods take into
account the values and traditions of
Arab cultures, the city offers a model
environment for digital
entertainment. Another reason for
starting the business and offering
these products was the scarcity of
Arab social media products in the
face of tough competition from
international platforms, which swept
the largest segment of Arab
consumers.
specifically for Arabic users; and with sales operations for paid
The World of a Unified Experience games like Yalla Baloot and 101 services and other direct customer
Okey Yalla, created to support services, partnerships, investments,
Yalla Group, the UAE's first unicorn thriving local gaming communities in shareholder affairs, and other direct
technology company to list on the Saudi Arabia and Turkey, operating affairs within the Middle
New York Stock Exchange (NYSE), respectively. Yalla Group has also East and North Africa region.
is committed to offering top-notch released Yalla Parchis, a Ludo board He was honoured and recognized for
online social experiences to people game created for the South American his all-encompassing leadership. He
with similar cultural backgrounds. region. Additionally, the company was acknowledged as a member of
Yalla Group is the leading voice- has entered the mobile gaming the 2022 Forbes Business Council.
centric social networking and distribution industry of mid-core and He has received recognition as one of
entertainment platform in the MENA hard-core games in the MENA region Arabian Business' "2022 Most
region. Yalla, a voice-centric group through its holding subsidiary, Yalla Inspiring Business Leaders" and
chat app, and Yalla Ludo, a casual Game. Estesmarat Magazine's "2021
gaming app with online versions of Leading Personality of the Year"
regionally popular board games, are Responsibilities to Execute (Digital Entertainment). He was also
the company's two flagship mobile honoured by The Global Economics
products. A group president's responsibility in Magazine as the "Best Emerging
an organization is to lead a group of Leader in the Digital Entertainment
Following the success of these executives. Presidents carry out high- Sector.”
platforms, the business continued to level managerial tasks pertaining to
grow its content, developing an the overall operations of the Sustaining the Culture of Yalla
ecosystem of apps that consists of company. Saifi Ismail's
Waha, a social networking product responsibilities as Group President Regarding the management style that
made for the metaverse; YallaChat, include full operational oversight, Saifi employs, it is based on a
an instant messaging service made marketing, and development, along number of accepted tenets, the most
worldsleaders.com | 57
CEO and Co-founder
EFS Facilities Services Group
58 | APRIL 2023
TARIQ
Chauhan
s s is ti n g in th e G rowth
Investing in Individuals and A
I
development throughout their lives as human beings. One
can discover meaning and purpose in life by achieving self-
actualization and can honestly say that they 'lived.' The drive
to become the best version of oneself is known as self-
actualization. It entails pushing ourselves to reach our
maximum potential and fulfilling our artistic objectives.
People with self-actualization have a more efficient
perception of reality and are better prepared to withstand
uncertainty. They appreciate putting their problem-solving
talents to use in real-life circumstances and assisting others
in improving their lives. Abraham Maslow, a humanistic
psychologist, provided the known definition. Self-
actualization, he explained, is the process of becoming
"everything you are capable of becoming."
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Chief executives and entrepreneurs that expertise in international banking, It is unique in that it combines
outperform their peers in the long-term technology and asset management, real progressive, people-focused leadership
tend to be self-actualizing. That means estate, and creating and establishing with rapid technical adoption, resulting
they are concerned not just with the businesses in the GCC, USA, UK, and in the ideal environment for personal
progress of their company but also Asia. In the past 18 months, Tariq has growth for employees and client
with their own personal development. travelled to more than 50 countries, portfolios. The business community
People are observing their leaders irrespective of the pandemic and other has recognised the company for
continuously, both consciously and hazards. For the organisation, Tariq providing exceptional services to some
subconsciously. The more leaders considered himself a colleague first of the biggest regional companies,
focus on their own development and and a leader second. He is dedicated to including prominent multinationals, for
show tangible results over time, the supporting those around him to over two decades. With a contract
more they motivate others to do the become the best version of themselves backlog of USD 1.7 billion and
same. However, having learning and and contribute to exceptional results.. responsibility for a total area of
growth as fundamental values only People are his motivator, and mirror as approximately 52 million sq.m, with 28
works if the leaders share the same a leader, and he is passionate about operating firms in 21 countries around
dedication. them. Tariq thinks about them every the region, it has set new norms in
day and learns from them about how facilities management via quality
Personal, professional and functional one can develop, adjust, adapt, and service delivery and innovation.
growth are key pillars driving Tariq grow as a leader. He demonstrates his
Chauhan, The Group CEO and leadership abilities through the Inspiration and daily lessons from
Co-founder of EFS Facilities implementation and the establishment peers
Services Group. of EFS Facilities Services Group.
Tariq's function at home is defined by
Leader with self-actualization EFS Facilities Services Group was his family: he is the husband of an
founded with the goal of being a incredible woman and the father of two
Tariq Chauhan's interest and regional leader in providing beautiful girls. He enjoys spending
enthusiasm propelled him to a comprehensive facilities management time with the family at home because
successful business career. He is a services. The Middle East, Africa,and they inspire him and provide him with
professional entrepreneur and a South Asia and Turkey are all part of tranquility, allowing him to come up
Harvard Business School alumnus. its global footprint. with new ideas. Every day, he
Over 35 years, he has developed challenges himself to be a better
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version of himself than the day before, adversity is undoubtedly a certainty - if
and he is committed to expanding his Overcoming obstacles you work on your resilience, you will
work's initiatives and impact. overcome, adapt, and grow. There is no
In the profession, Tariq has faced easy way to grow. "– says Tariq.
“I am passionate about people and as numerous hurdles; to single out just
a business leader, I get inspiration and one would be unfair. He believes all Reduce the risk of operational
daily lessons from my peers, and I get the obstacles and struggles have Risk management and Controls
inspired by our clients and our drive to blended into one massive snowball of
be of service. I am deeply rooted in hardship that has taught a valuable In EFS, risk management and controls
gratitude and self-actualization.”– lesson: resilience.. He believes that the are business-critical levers without
says CEO, EFS Group. most important barrier-breaker a leader which business continuity and overall
can develop is resilience. commercial enterprise value cannot be
The EFS family is the driving force achieved. To generate greater
behind the company's expansion and During the pandemic, the industry organisational legitimacy, businesses
makes significant contributions to the faced numerous hurdles in many ways, must attempt not just to implement risk
industry. In EFS, setting personal goals first responders included. Close to a controls, but measure its impact.
is widely encouraged. They ensure that post-pandemic future, the industry Management accounting, risk
every employee, at all levels can chart faces new realities and challenges, management, and corporate
their own path to self-actualization and including preserving financial health governance are all linked and effective
progress beyond their current while keeping costs low, retaining as a result of these actions. At EFS, we
circumstances. Everyone has clients, attracting top staff, and were able to establish a risk mitigation
professional goals for the impact they integrating technology. Obtaining culture that spread throughout the
want to see and bring to EFS, in competitive new clientele is also a organisation and was integrated into all
addition to personal ambitions. Tariq significant issue, given the tough critical processes. In this domain, each
has an open-door policy and is always financial realities. Industry leaders department, position, and role must
willing to hear new ideas, strategies, must become more inventive in have its own set of key result areas.
and initiatives that contribute to EFS's devising methods to address all the
innovative and out-of-the-box thinking. issues.
He believes that success for EFSians is
success for EFS. "Regardless of adversity level - and
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www.worldsleaders.com Vol. 03 | Issue 20 | MARCH 2023
World’s
VISIONARY
LEADERS
Making an Impact in 2023
CEO
Viollis Group Interna onal
Paul Viollis
Leading a Global Consultancy Centered on Validating
Integrity and Eradicating Challenging Situations