Sana Bagersh is trying to take advantage of her position as the chief executive of the marketing firm BrandMoxie to help fellow entrepreneurs in the Emirates. But as she explains, her efforts to expand Tamakkan, a series of monthly seminars she launched on entrepreneurship in 2009, have led to some unique challenges.
q What does "Tamakkan" mean?
a In Arabic, it means empower yourself. Arabic tends to be more polite. I just really wanted a jarring effect that you don't have to wait for someone to spoon-feed you. You can do it.
q Why did you launch this series?
a When I started BrandMoxie in 2004 a lot of people would call me and say, "How do you put together a marketing plan? How do you write a press release?" I thought it would be nice if BrandMoxie somehow acted as an enabler for more people like me to share knowledge … [with] people starting their own ventures. We focus on certain topics - branding, social media - but they're quite broad in nature. If anybody has specific questions, they can ask during the seminar and get input from peers and experts.
q How have you tried to expand what Tamakkan offers?
a A month ago we introduced short, one-day courses on subjects like the fundamentals of accounting for small businesses, how to get funding, how to hire the right people. We're trying to keep them cheap. I'm talking to organisations to see if they want to pitch in.
qHow is that going?
a A lot of these big entities are so bureaucratic and take so long to decide. With entrepreneurship, things need to be faster. Entrepreneurs need help now.
q How do you plan to help them in the future?
a [Providing referrals] is the only thing we're able to do because we're not a funded organisation and we don't have a proper office. I'm hoping Tamakkan can evolve to offer an online knowledge base, in Arabic and English, on how to start this, how to do that, and a proper affair aimed at fuelling more SME [small and medium-sized enterprises] creation. Hopefully if we get revenue coming in for courses we can support it a little more permanently.
q On May 29, you'll be taking the seminar to Dubai for the first time at the University of Wollongong. Why have you stayed in Abu Dhabi until now?
a I felt Dubai had so many things happening and with the Khalifa Fund we were getting a lot of people in Abu Dhabi who were funded but just didn't know how to really make a go of it. There is a certain category of entrepreneurs in Abu Dhabi where money is really not the big problem - it's knowledge. You get very young serial entrepreneurs who are well into their third or fourth venture, and it's my belief that if they got some really good grounding when they started their first or second the survival rate would have been higher.
* Neil Parmar
Civil%20War
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Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
Mia Man’s tips for fermentation
- Start with a simple recipe such as yogurt or sauerkraut
- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.
- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.
- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.
APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Aston martin DBX specs
Engine: 4.0-litre twin-turbo V8
Transmission: nine-speed automatic
Power: 542bhp
Torque: 700Nm
Top speed: 291kph
Price: Dh848,000
On sale: Q2, 2020
The biog
Family: He is the youngest of five brothers, of whom two are dentists.
Celebrities he worked on: Fabio Canavaro, Lojain Omran, RedOne, Saber Al Rabai.
Where he works: Liberty Dental Clinic
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Company info
Company name: Entrupy
Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist
Based: New York, New York
Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.
Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius.
Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place.
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What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
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Company Profile
Company name: NutriCal
Started: 2019
Founder: Soniya Ashar
Based: Dubai
Industry: Food Technology
Initial investment: Self-funded undisclosed amount
Future plan: Looking to raise fresh capital and expand in Saudi Arabia
Total Clients: Over 50