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Entrepreneur Middle East's IT’S NOT JUST ABOUT THE MONEY THREE STEPS TO RAISE (SMART) CAPITAL FOR YOUR ENTERPRISE ON THE RIGHT TRACK 11 FACTORS THAT NOTHING VENTURED, HIGHLIGHT THE NOTHING GAINED MATURING OF THE MENA ENTREPRENEURS ARE KNOWN FOR BEING ENTREPRENEURIAL CAPABLE OF CREATING PROSPERITY, BUT HOW DO THEY HANDLE THE BURDEN ECOSYSTEM OF THEIR BIG IDEAS AND DREAMS? THE RECAP POWERING ENTERPRISE THE FUTURE AGILITY ACCESS POWER FOUNDER AND EXECUTIVE CHAIRMAN AWARDS 2017 REDA EL CHAAR This Lebanese entrepreneur is at the head of an enterprise developing renewable energy projects worth over US$1 billion in 23 countries across Africa and Asia 9 7 7 2 3 1 1 5 4 1 0 0 8 > JANUARY 2018 | WWW.ENTREPRENEUR.COM/ME | UAE AED20 681721 523966 681721 523966 Higher definition. Bentayga Black Specification. With 22” black gloss alloy wheels and black exterior detailing, the world’s fastest and most luxurious SUV is now even more striking. See more at BentleyMotors.com/HigherDefinition The name ‘Bentley’ and the ‘B’ in wings device are registered trademarks. © 2017 Bentley Motors Limited. Model shown: Bentayga Black Specification. Bentley_Entrepreneur_Mag_0111_273x203.indd 1 20/10/2017 15:43 JANUARY 2018 CONTENTS 34 The 2017 edition of Entrepreneur Middle East’s Enterprise Agility Forum, presented by du 22 44 34 32 INNOVATOR: THE RECAP: THE RECAP: INNOVATOR: POWERING THE FUTURE Enterprise Agility Awards Enterprise Agility Forum FocUSED ON IMpact Reda El Chaar, founder and 2017 2017 Deliveroo co-founder and Executive Chairman, Access A look at the winners of the A round up of all the topics CEO Will Shu Power fourth edition of Entrepreneur discussed and insights shared The entrepreneur behind Meet the Lebanese entrepre- Middle East’s Enterprise at our 2017 Enterprise Agility one of Europe’s most neur at the head of an enter- Agility Awards, presented Forum, presented by du. successful tech startups prise developing renewable by du, which recognized explains how his enter- energy projects worth over prominent business leaders 62 prise made it to where it US$1 billion in 23 countries and enterprises across various CULTURE: is today. across Africa and Asia. sectors. LIFE Nothing ventured, 28 nothing gained INNOVATOR: Entrepreneurs are known MAXIMIZING valUE for being capable of creating In conversation with prosperity, but how do they Monty Mobile founder and handle the burden of their CEO Mountasser Hachem. big ideas and dreams? 45 Wissam Younane, CEO, BNC Publishing, giving his welcome address at the Enterprise Agility Awards 2017 JANUARY 2018 ENTREPRENEUR 3 Entrepreneur ME MPR dps W406xH273 E.indd All Pages 11/28/17 5:16 PM Entrepreneur ME MPR dps W406xH273 E.indd All Pages 11/28/17 5:16 PM 60 YEARS OF ADVENTURE AND DISCOVERY CA109399_Superocean Heritage II_406x273_Entrepreneur-English.indd Toutes les pages 11/08/2017 10:11 60 YEARS OF ADVENTURE AND DISCOVERY CA109399_Superocean Heritage II_406x273_Entrepreneur-English.indd Toutes les pages 11/08/2017 10:11 LIVE IN THE LARGEST TOWNHOUSES IN DUBAI 800 999 999 I sobha.com @sobhadubai LIVELIVE ININ THE LARGEST TOWNHOUSESTOWNHOUSES IN DUBAIDUBAI sobha.com @sobhadubai 800800 999999 999999 II sobha.com @sobhadubai CONTENTS JANUARY 2018 22 Reda El Chaar, founder and Executive Chairman, Access Power 52 84 TECH: CULTURE: SHINY LIFE #TamTalksTech No island unto itself Gadgets and doodads MrUsta.com’s co-founder that you might’ve missed and CEO Ibrahim Colak out on, sourced by a tech believes it’s key for startups aficionado. Yes, it’s okay to ascertain their brand’s to want them all… and no, role in the community. it’s not our fault. 72 66 68 ‘TREPONOMICS: ‘TREPONOMICS: 82 MONEY: MARKETING PRO START IT UP VC VIEWPOINT Making the news The right fit Q&A It’s not just about the money Pace Public Relations’ Bayt.com’s Suhail Al-Masri Catching ‘em young Precinct Partners co-founder Meghan Powers offers lists three steps to help you UAE’s Fun Robotics and Managing Partner entrepreneurs five tips to hire someone who’s in line wants to help build the Amjad Ahmad explains three get their startups the media with your organizational region’s next generation of ways to raise smart capital love they deserve. culture. inventors and innovators. for your enterprise. 56 Cadillac’s “Letters to Andy Warhol” exhibition in Dubai offered visitors a peek into the artist’s personal experiences 12 ENTREPRENEUR JANUARY 2018 CONTENTS JANUARY 2018 58 70 CULTURE: TECH: DESIGN THE FIX Building brand relevance Imagine the possibilities With 125 years of history Gene Jiao, President, behind it, Baker Interiors Huawei Consumer Business is all set to shape its next Group - Middle East & century in business. Africa explains how AI is (already) transforming the 78 future of work. START IT UP Q&A Betting (big) on dreams 55 S. T. Dupont Picasso lighters Chef John Buenaventura’s 58 Russell Towner, President and CEO, Baker Interiors Group Cuisinero Uno is making a mark on Dubai’s culinary scene. 74 54 START IT UP: CULTURE: 60 WHO’S GOT VC TRAPPINGS CULTURE: We got funded! ‘Trep gear LIFE The entrepreneurs behind The executive selection for First principles startups Justmop and the entrepreneur on your James Clear writes why Sihatech reveal what went list that has everything. Elon Musk’s success is an into securing their latest Okay, maybe for a little self- example of the power of funding rounds. reward as well. thinking for yourself. 62 Mona Ataya, founder and CEO, Mumzworld 14 ENTREPRENEUR JANUARY 2018 55 S. T. Dupont Picasso lighters MIDDLE EAST SUBSCRIBE EDITOR IN CHIEF Aby Sam Thomas [email protected] Contact [email protected] to receive Entrepreneur Middle East every issue CEO Wissam Younane [email protected] DIRECTOR Rabih Najm [email protected] CREATIVE LEAD Odette Kahwagi MANAGING EDITOR Tamara Pupic STARTUPS SECTION EDITOR Pamella de Leon FEATURES EDITOR Sindhu Hariharan PO Box 502511 Dubai, United Arab Emirates P +971 4 4200 506 | F +971 4 4200 196 COLUMNIST Tamara Clarke EVENTS LIAISON Mark Anthony Monzon For all commercial enquiries related to Entrepreneur Middle East contact [email protected] CONTRIBUTING WRITERS Amjad Ahmad Dipika Mallya All rights reserved © 2017. Suhail Al-Masri Sene McKeon Opinions expressed are solely those of the contributors. Fida Chaaban Megha Merani Entrepreneur Middle East and all subsidiary publications in the James Clear Meghan Powers MENA region are officially licensed exclusively to BNC Publishing in the MENA region by Entrepreneur Media Inc. Ibrahim Colak Soukaina Rachidi No part of this magazine may be reproduced or transmitted in any Gene Jiao form or by any means without written permission of the publisher. Images used in Entrepreneur Middle East are credited when necessary. Attributed use of Printed by International Printing Press copyrighted images with permission. All images not credited otherwise Shutterstock. ippuae.com In addition to our print edition, we’re bringing EntMagazineME you all sorts of industry news on our web mediums. Joining us online means getting @EntMagazineME MIDDLE EAST relevant business and startup content in real-time, so you’re hearing about the latest Entrepreneur-me developments as soon as we do. We’re looking AccESS FRESH contENT DAILY ON OUR WEBSITE! EntrepreneurMiddleEast www.entrepreneur.com/me forward to interacting with our readers on all of our social media and web platforms- like any EntMagazineME thriving business, we’re looking to give and take. #TrepTalkME is already happening on all of our EntMagazineME digi platforms, and all good conversations go both ways. See you on the web! EntMagazineME 16 ENTREPRENEUR JANUARY 2018 EntMagazineME @EntMagazineME Entrepreneur-me EntrepreneurMiddleEast EntMagazineME EntMagazineME EntMagazineME EDITOR’S NOTE needs to be translated across all layers of the company. As the leader of the enterprise, when inconsistencies within your ACCELERATE SME organization are brought to your attention, it falls upon you, as the CONTRIBUTE. ENGAGE. GROW. captain of the ship, to ask some tough questions of yourself, and how you manage your people and your business. For instance: are you expecting your people to be simply servient and just going through the motions, or can you depend on them to do their work in DISCOVER HOW TO ACCELERATE YOUR BUSINESS the most efficient and effective way they can? When they see a fault in the way things are done, do your staff feel empowered enough to call Powered by Thomson Reuters, Accelerate SME is the gateway to the out such mistakes, and perhaps SME ecosystem in MENA; providing access to the resources and solutions more importantly, are their voices Say no to the status quo being heard? In terms of organiza- needed to support you at any business stage. Agility needs to be seen in everyone at an enterprise tional structure, are the chains of (and not just in the people running it) command you have in place helping move the company forward, or are We have joined forces with some of the region’s most powerful financial they simply dead weight dragging gility in entrepreneurs The curious thing about the or- it down? and workflow solution providers to service and support your specific needs. (and in the enterprises ganizations where I spotted these Now, yes, all of these are difficult As a member of Accelerate SME you can access a wide range of business they run) is something flaws was the disparity between things to ponder upon, but as we at Entrepreneur the almost idealistic paradigms the we usher in a new year, it’s well resources including, funding, online community, industry insights, tools Middle East have al- company’s leaders told the media worth our time now to make sure and easy-to-use templates. Aways celebrated, and so, I admit to they run their enterprises with, our enterprises are well-equipped have been a little taken aback when versus what was actually happen- for all of the opportunities (and I recently got to see first-hand how ing on the ground.
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