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Prime Minister Skerrit Reinforces Collaboration in Dubai Visit

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1 week ago

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–News Direct–

During his most recent visit to Dubai, Prime Minister Roosevelt Skerrit of Dominica delivered a powerful speech, and shed light on the significant role played by the Citizenship by Investment Programme in shaping the islands socioeconomic landscape.

Speaking passionately, Prime Minister Skerrit underscored how the CBI Programme has been a cornerstone of Dominica's economic strategy, propelling the nation towards prosperity by fostering economic growth, job creation and strengthening health and educational infrastructure.

He also reiterated Dominicas steadfast commitment to maintaining the highest standard of openness and integrity and called for unity amongst Caribbean nations that offer CBI programmes in his address.

Roosevelt Skerrit - Prime Minister of Dominica
Roosevelt Skerrit – Prime Minister of Dominica

Embracing OECS Countries Collaboration

Prime Minister Skerrit explained how the recent Memorandum of Agreement among OECS countries emphasises the importance of harmonised legislation, standardised application procedures, uniform due diligence processes, and information sharing among member states.

It is my view that these actions are important, and they are necessary, and these are actions that we will follow through with, because there are some things that we need to do together.

He expressed optimism about the collaborative efforts and emphasised the significance of prioritising good governance and ethical practices in the CBI sector.

The memorandum signifies a shift towards a more integrated and cohesive framework that unites diverse stakeholders under a common vision of excellence, accountability, and transparency.

Honouring Dominicas CBI Programme

Prime Minister Skerrit warmly acknowledged the significance of the CBI programme as a key aspect of Dominica's post-disaster recovery after the devastating Hurricane Maria in 2017.

We were able to continue generating revenues from the programme, literally 48 to 72 hours after the hurricane hit us. While all other aspects of our economy came to a halt.

Recognising its pivotal role in saving the nation after Hurricane Maria, he affirmed the programme's enduring value as a catalyst for progress, prosperity, and sustainable development in Dominica.

He further reaffirmed Dominica's commitment as a nation to the core principles of the CBI programme. He highlighted the importance in providing opportunities for citizens to access both mobility and economic empowerment and the programme's role in fostering a sense of citizenship and belonging, beyond economic benefits.

We understand the importance of the programme to many people, and to our country, but we want to ensure that the programme maintains its integrity.

Acknowledging economic citizens, developers, and agents

During his visit, Prime Minister Skerrit engaged in productive discussions with key stakeholders in the industry, exploring opportunities for collaboration and growth.

In his address, Prime Minister Skerrit expressed his gratitude to the economic citizens, developers, and agents who have contributed to the strength and resilience of the Dominica CBI Programme.

He acknowledged their unwavering support and dedication, emphasising their pivotal role in shaping the programme's success.

you as agents and developers and promoters, you have one of the most sacred responsibilities where the programme is concerned. What you do can ensure the continued success of the programme, and that's why the programme has been successful.

Marie-Therese Johnson, Director of the Citizenship by Investment Unit (CBIU), also highlighted the pivotal role that agents and developers play in guiding potential investors towards the possibilities that the Dominica CBI Programme offers.

Your role as agents is not just about transactions; it is about shaping destinies, forging connections, and building bridges to a brighter tomorrow.

Prime Minister Skerrit Emphasises Legal Compliance and Integrity in CBI Programme

In a resolute statement, Prime Minister Skerrit underscored the critical role of laws and regulations in governing the Citizenship by Investment (CBI) programme. He highlighted the authority vested in him by the Constitution and laws enacted by the Parliament, emphasising the importance of adherence to legal frameworks.

Prime Minister Skerrit emphasised the need for stakeholders and agents to familiarise themselves with and abide by existing laws.

Addressing a key concern, Prime Minister Skerrit reiterated that applicants must contribute the full amount as legislated in the regulations, emphasising that citizenship is not a commodity subject to sales promotions, emphasising the sanctity of citizenship as defined by the Constitution.

By emphasising compliance with regulations and laws, Prime Minister Skerrit reaffirmed the Government's commitment to ethical conduct in the programme.

Dominica Drives Responsible Investment Practices

At the core of the CBIU's operations is a dedication to transparency in every aspect of its processes.

From application procedures to due diligence protocols, the CBIU prioritises clear communication, thorough documentation, and adherence to regulatory guidelines.

By fostering a culture of openness, accessibility, and accountability, the CBIU aims to enhance the overall experience for stakeholders, providing clarity, guidance, and assurance throughout the citizenship acquisition journey.

As Prime Minister Skerrit concluded his visit to Dubai, he expressed optimism for the future of the Dominica CBI programme, reiterating his commitment to upholding the highest standards of excellence.

Through continued collaboration and partnership, Prime Minister Skerrit envisions a prosperous and sustainable future for Dominica and its stakeholders in the global citizenship landscape.

Contact Details

Secretary of the Dominica Citizenship by Investment Unit

Commonwealth of Dominica

+1 767-266-3919

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/prime-minister-skerrit-reinforces-collaboration-in-dubai-visit-371065749

Dominica Citizenship by Investment Unit

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PIONEERING PARTNERSHIP: KRAATZ ENGINEERING AND UNAM FORGE STRATEGIC ALLIANCE TO BRIDGE SKILLS GAP

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11 hours ago

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May 3, 2024

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WALVIS BAY, NAMIBIA, 02 MAY 2024 – Kraatz Engineering, a subsidiary of the Ohlthaver & List (O&L) Group, is thrilled to announce the signing of a Memorandum of Understanding (MoU) that is leading the way in a new venture with the University of Namibia (UNAM) and the Welding Association of Namibia. This strategic alliance is set to revolutionize the engineering sector by enhancing the talent pipeline through a synergistic approach that integrates hands-on training within academia, aligns educational curricula with industry requirements, and propels innovation through collaborative research endeavours.

The joint initiative is aimed at narrowing the skills gap prevalent in the Namibian engineering industry. By leveraging the strengths of each partner, the MoU will create a seamless pathway from education to employment, ensuring graduates are not only job-ready but also equipped to contribute to the advancement of local industry through innovation and best practices.

“Kraatz and O&L’s commitment to nurturing local talent will see students gaining invaluable, on-the-job experience through structured internships and job attachments. UNAM’s rich academic environment will be enriched by real-world industry insights, enhancing their reputation as a cradle of future industry leaders, while the broader engineering sector will benefit from a workforce that is educated, innovative, and aligned with the needs of industry.”, states Cameron Kali, Talent Acquisition Specialist at O&L.

 

Prof. Kenneth Matengu vice chancellor of UNAM and Frank Kernstock (MD) of Kraatz Engineering at the signing of the MOU in Walvisbay.

 

The MoU outlines specific programs that include:

  • Job shadowing and internships for hands-on experience.
  • Utilization of state-of-the-art facilities and professional equipment.
  • Joint research projects aimed at industry innovation.
  • Academic and industry information exchange forums.

These programs are designed to bridge theoretical knowledge with practical skills, providing a holistic educational experience for students.

The anticipated outcomes of this collaboration are multifaceted:

  • A significant reduction in the skills gap within the Namibian engineering industry.
  • An increase in job creation, particularly for the youth.
  • The establishment of Namibia as a hub of industry innovation and progress.

Students and academics eager to take part in this trailblazing initiative are encouraged to reach out to their respective institutional representatives for criteria and application processes.

This partnership embodies the long-term vision of creating a sustainable and self- sufficient local industry that is competitive on a global scale. It aligns with national goals for education and industry development and promises to catalyse the economic and social upliftment of the Namibian society. Prof. Kenneth Matengu, UNAM’s Vice-chancellor, has endorsed this partnership, recognizing it as a pivotal step towards an inter-connected and progressive future for Namibia. “This MoU creates opportunities to collaborate in overall education of our engineering students but more specifically in student placement, in research and in R&D support. This framework advances the mutual interests of the parties especially in the development of welding engineering education in Namibia, which UNAM will begin offering soon. UNAM is extremely pleased to partner with KRAATZ of the O&L group and looks forward to working with O&L in expanding industry activities and supporting emerging businesses in the future.”, stated Prof. Kenneth Matengu, Vice Chancellor of the University of Namibia.

Frank Kernstock, MD of Kraatz Engineering, adds, “Internship and attachment programs are critical in crafting a robust talent pipeline. At O&L and Kraatz, we envision a sustainable future where Namibians are at the forefront of industry innovation and therefore, we are committed to this journey, alongside UNAM and the Welding Association, in creating and enhancing life locally. This partnership is more than a MoU; it is a promise to the future generations of Namibia, ensuring they have the tools, skills, and opportunities to build a brighter, more innovative future for all. This is authentically who we are, what we care about and for the future we are passionate about.”

Media Contact

Organization: The Ohlthaver & List (O&L) Group

Contact Person: Roux-ché Locke

Website: https://www.ol.na

Email: Send Email

Contact Number: +264612075207

Address: Alexander Forbes House, 7th Floor,

Address 2: South Block, 22-33 Fidel Castro Street, Windhoek, Namibia

City: Windhoek

State: Khomas

Country: Namibia

Release Id: 03052411669

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Reskilling and Upskilling for the AI Age: Dee Agarwal’s Advice for Staying Ahead of the Curve

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13 hours ago

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May 3, 2024

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In the AI age, Dee Agarwal advocates for embracing change by continuously reskilling and upskilling. His advice emphasizes self-assessment, cultivating a growth mindset, focusing on human-centric skills, and embracing lifelong learning to thrive in the evolving landscape.

Atlanta, GA, 3rd May 2024, ZEX PR WIRE, The artificial intelligence (AI) revolution is transforming industries at an unprecedented pace. While AI automates routine tasks, it also creates a demand for a new breed of workforce – one equipped with the skills to collaborate effectively with intelligent machines and navigate this evolving landscape. Deepak (Dee) Agarwal, an experienced C-Suite executive, and an advocate for continuous learning, offers valuable insights on how individuals can thrive in the AI age through reskilling and upskilling.

“The key to success in the AI age isn’t fearing change, but embracing it,” says Dee Agarwal. “AI presents a tremendous opportunity to augment human capabilities and drive innovation. The future belongs to those who are willing to learn, adapt, and continuously develop their skillsets.”

Identifying Skill Gaps and Building on Strengths

The first step towards reskilling for the AI age involves self-evaluation. Dee Agarwal emphasizes the importance of understanding your current skillset and identifying areas for improvement. “Take stock of your strengths and weaknesses,” he advises. “What are the technical skills you possess? Do you have a strong foundation in data analysis or programming? Are you comfortable working with complex systems?”

Dee Agarwal suggests exploring online resources and industry reports to identify in-demand skills for your specific field. “Look for opportunities to bridge skill gaps through online courses, boot camps, or even certifications offered by your employer,” he says. “Remember, lifelong learning is no longer a luxury, it’s a necessity.”

Developing a Growth Mindset

Beyond acquiring new technical skills, Dee Agarwal emphasizes the importance of cultivating a growth mindset. “People with a growth mindset believe that their talents and abilities can be developed through hard work and dedication,” he explains. “This optimistic outlook is crucial for embracing challenges and persisting through setbacks, which are inevitable when learning new skills.”

Dee Agarwal suggests adopting a learning-oriented approach to work. “Don’t shy away from taking on challenging projects that push you outside your comfort zone,” he says. “View every opportunity as a chance to learn and grow. Seek out mentors who can guide you and provide valuable feedback.”

Focusing on Human-Centric Skills

While technical skills are essential, Dee Agarwal highlights the enduring value of human-centric skills in the AI age. “AI excels at tasks that are repetitive and rule-based,” he explains. “However, it lacks the creativity, critical thinking, and emotional intelligence that are hallmarks of human expertise.”

Driving home this idea, Dee Agarwal emphasizes the importance of honing communication, collaboration, and problem-solving skills. “Effective communication is vital for working with diverse teams and stakeholders,” he says. “Collaboration allows us to leverage the collective intelligence of humans and machines, and strong problem-solving skills are critical for navigating complex situations and finding innovative solutions.”

Dee Agarwal reminds us that it takes years to teach people how to act with any sort of emotional intelligence and creativity, and computers simply don’t interact with people on an emotional level to have those learning experiences.

Embracing Lifelong Learning

The pace of technological change dictates that reskilling and upskilling are not one-time events, but rather ongoing processes. Dee Agarwal encourages individuals to develop a passion for lifelong learning. “Stay curious, explore new ideas, and keep yourself updated on the latest technological advancements,” he advises. “There are countless resources available online and in your community to fuel your learning journey.”

Building a Future-Proof Career

By embracing reskilling and upskilling, individuals can position themselves for success in the AI age. Here are some key takeaways from Dee Agarwal’s advice:

  • Self-assessment: Regularly evaluate your strengths and weaknesses to identify areas for improvement.

  • Identify in-demand skills: Research your industry and pinpoint the skills employers are seeking.

  • Develop a growth mindset: Believe in your ability to learn and grow, and view challenges as opportunities.

  • Focus on human-centric skills: Hone your communication, collaboration, and problem-solving abilities.

  • Embrace lifelong learning: Cultivate a passion for learning and stay updated on the latest advancements.

“The AI age presents both challenges and opportunities,” concludes Dee Agarwal. “By embracing continuous learning and developing a future-proof skillset, you can thrive in this dynamic environment and contribute meaningfully to the ever-evolving world.”

As AI continues to stretch into more facets of daily life, Dee Agarwal’s guidance will become increasingly relevant for those aiming to stay ahead of the curve.

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FinTech Funding Continues to Surge as Second Edition of Dubai FinTech Summit Commences

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13 hours ago

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May 3, 2024

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  • Dubai FinTech Summit to take place 6 – 7 May at Madinat Jumeirah.
  • 2nd edition of the summit will bring together over 8,000 decision-makers, over 300 thought leaders across five stages and more than 200 exhibitors showcasing cutting-edge technologies.
  • FinTech landscape is booming with over 800 FinTech start-ups worth USD 15.5bn.

Dubai, UAE, 3rd May 2024, ZEX PR WIRE, For the second consecutive year, Dubai will remain in the spotlight as it hosts the second edition of Dubai FinTech Summit, under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE and President of DIFC, which is set to take place on 6-7 May at Madinat Jumeirah.

Organised by Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, the Summit will bring together 8,000 decision-makers, over 300 thought leaders and more than 200 exhibitors to discuss the latest innovations and challenges and showcase cutting-edge technologies.

The global FinTech sector is rapidly growing and is predicted to be valued at USD 608bn globally by 2029, according to Mordor Intelligence, a market intelligence and advisory firm. Bucking the downward global market trend, the MENA FinTech market is expected to register a CAGR of over eight per cent during the period 2024 to 2029.

Dubai FinTech Summit will offer a platform for start-ups, investors and industry leaders to connect and capitalise on the growing FinTech market in the region and beyond. The MENA region’s FinTech start-up and venture capital landscape is booming, with over 800 FinTech start-ups worth USD15.5 bn, according to data by dealroom.co. Reflecting the ongoing transformation in the financial sector driven by Innovation, Inclusion, and Impact, the key themes this year will be Finance Renaissance, Ecofinance and Impact, Investment Vanguard, Regulatory Frameworks, Global Financial Dynamics and FinTech 2.0.

Mohammad Alblooshi, CEO at DIFC Innovation Hub, said: “Nearly 60 per cent of all FinTech companies in the GCC are currently based in Dubai. With the industry growing at an unprecedented rate, it is crucial for stakeholders to gather and discuss the challenges and opportunities that lie ahead. The Dubai FinTech Summit will bring together the most prominent figures in the industry, with an agenda that is aimed at driving innovation, inclusivity, and growth for all.”

With an impressive line-up of distinguished local and international speakers, the Dubai FinTech Summit will host a series of panel discussions and fireside chats. More than 20 governors of financial institutions will attend the summit this year, amongst them, H.E. Essa Kazim, Governor, DIFC, UAE; H.E. Fahad M. Alturki, Ph.D. Director General Chairman of the Board, Arab Monetary Fund, H.E. Dr. György H Matolcsy, Governor, Magyar Nemzeti Bank, The Central Bank of Hungary; will participate in discussions during the two-day event. Nic Dreckman, CEO of Bank Julius Baer & Co.; Yie-Hsin Hung, President & CEO of State Street Global Advisors, along with many other global industry leaders will also be participating in the various sessions planned for the Summit. Notable local speakers include H.E. Abdullah bin Touq Al Marri, Cabinet Member & UAE Minister of Economy; H.E. Helal Saeed Al Marri, Director General, Department of Economy and Tourism, Dubai; H.E. Salem Humaid Al Marri, Director General, Mohammed Bin Rashid Space Centre, UAE; and H.E. Faisal Belhoul, Vice Chairman of the Dubai Chamber, Chairman of J&F Holding.

A key highlight of the Dubai FinTech Summit will be the Grand Finale of the FinTech World Cup (FWC). The champions of the FinTech World Cup will be announced on Day 2 of the summit with the winners securing an investment of up to USD 1 million. The competition is a growth-enabling initiative by DFS designed to encourage cross-border collaboration and stellar innovation, pivotal to transforming the global FinTech sector.

In line with the D33 Agenda to position Dubai as the top four global financial hub by 2033, the 2nd edition of the Dubai FinTech Summit is designed to encourage cross-border collaboration and innovation, pivotal to transforming the global FinTech sector. It presents a unique opportunity to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.

The inaugural Dubai FinTech Summit attracted over 5,000 C-suite leaders from over 90 countries including north of 1,000 investors and more than 150 speakers. Over 20 Memorandums of Understanding were signed with global financial leaders during the Summit.

The 2nd edition of the Dubai FinTech Summit is supported by:

Founding Partner & Co-Host – VISA

Founding Partner & Powered by – e&

Founding Partner & Premium Banking Partner – Emirates NBD

Founding Partner & Strategic Banking Partner – Commercial Bank of Dubai

Powered By – Dyna.Ai

Strategic Venture Partner – SC Ventures

Lead Sponsor – Finvasia

Country Pavilion Partner – Seoul Government

Diamond Sponsor – Mashreq

Platinum Sponsors – Ripple, Deloitte, Pay10, Nasdaq, Mastercard, Bitpanda

Official English News Partner – The National

Arabic Broadcast Partner – Sky News Arabia

Arabic Business News Media Partner – CNN Business Arabic

Editorial Partner – Bloomberg

Regional Business Media Partner – Asharq Bloomberg

Business Broadcast Partner – CNBC Arabia

Official Radio Partner – Dubai Eye 103.8

Ecosystem Partner – Entrepreneur Middle East

Main Media Partner – Emirates News Agency – WAM

Official Newspaper Partner – The FinTech Times

Official Business News Partner – CITY A.M.

Official Magazine Partner – Finance World Magazine

Official Media Partners – Arabian Business, Finance Middle East

Official Digital Magazine Partner – RASMAL

Official Content Distribution Partner – ZEX PR Wire

Official OOH Partner – ELEVISION

About Dubai FinTech Summit

Dubai FinTech Summit is an annual mega event organised by the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The 2nd edition of the Dubai FinTech Summit will bring together over 8,000+ global industry leaders, 1,500+ investors and policy makers, signalling increased appetite for growth opportunities in the region.

Dubai FinTech Summit signals new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector.  As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2 per cent CAGR to USD949 bn from 2022 to 2030. The summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the ranks of the top four global financial hubs by 2033.

The expanded programme of Dubai FinTech Summit is set to exceed expectations by delving into key tracks, including the future of FinTech, embedded and Open Finance, climate finance, Web3 and digital assets. The summit stands as a thought leadership-driven platform, addressing industry challenges head-on and championing innovation.

To register for the event, visit www.dubaifintechsummit.com.

Visitors can purchase tickets for the Dubai FinTech Summit 2024.

For further inquiries, please contact:

Shadi Dawi

Director of PR & Strategic Partnerships

Trescon Global

Mobile: +971 55 498 4989

[email protected]

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