Ulugbek Yuldashev is the founder and chief executive of awok.com, an e-commerce site based in Dubai that he launched in April 2013. Hailing from Kyrgyzstan, the 30-year-old moved to the UAE in 2006 after spotting potential in the Middle East wholesale and retail markets for electronics.
7am
I am married and have three children – two sons, aged five and three, and a daughter who is six months. If it’s a school day, the boys usually leave before 7am; if not, we have breakfast together. I just take tea. I watch the news for 10 minutes – mostly Euronews – then maybe some Russian news too. I set up my first business in Kyrgyzstan in 2004 and started coming to Dubai to purchase goods because that was where we could get the cheapest prices. I moved here in 2006 and started my first company here in 2008, selling electronics wholesale. Then in 2012 I started to see the opportunities online.
8am
I’m in the office, which is just 200 metres away from where I live in Jumeirah Lakes Towers. I go through my emails and then analyse data to see how many sales we’ve had overnight and how many people have visited the site. Then I plan the rest of my day. At about 9am, I call the purchasing department to find out more about what products people are buying, what stocks we have, whether we have to make any bulk purchases. I have more tea.
10am
I talk to the digital marketing team and find out what’s going on with any dedicated campaigns we might be running. For example, to celebrate our second birthday, customers had the chance to buy a Toyota Corolla for up to 90 per cent off. We look at the feedback from customers and see if there are any problems with the website. This takes about 90 minutes.
11.30
I talk to the development department to discuss the website. We have a huge amount of applications in development for interfacing with customers. So we discuss what applications they are testing.
1pm
This is normally when lunch happens. I order in – usually my national food. I am from Kyrgyzstan but my ethnicity is Uzbek, so I order from Chaykhona No 1 – typically shashlik (a kebab) or polov (a rice dish). This takes about 20 to 40 minutes then it’s back to work understanding the numbers and figures.
3pm
I schedule in interviews for this time. The company has grown very fast to more than 200 people in two years and we are continuing to expand, so we are hiring across all departments. We also created our own logistics team. If I order a laptop and have to wait seven or 10 days, that’s unacceptable for me; we deliver within 12-24 hours. We also have our own depot for stocks so when customers order an item it’s available with us. We plan to expand across the region at the end of the year. We have the interviews in our offices. I like to understand people’s backgrounds; I am looking for commitment, dedication and, of course, the strength of their experience in their relevant field.
4pm
I have more external meetings with suppliers or service providers. At 5pm I speak to the marketing department again. I liaise with them several times throughout the day, trying to understand the figures and the numbers and where the business has to go. Then I speak to the developers and the purchasing department again.
9pm
I leave the office quite late. Sometimes I go home directly and sometimes I go out with my friends usually to the bowling centre in Al Quoz or we play table tennis. I feel under pressure the whole day, so this is a chance to have a little bit of fun. If I go home, I play with my kids for 30 to 40 minutes – they want to show me what they did in school and they’ve normally brought me something they’ve made. My wife cooks our national foods but she also watches cooking shows on TV and is getting me to try European foods – so sometimes it’s a surprise.
10pm
I watch the news and then I read books, which is my passion. Normally I read about other people. The most recent book I finished was Sam Walton: Made in America about the founder of Walmart. I don't go to the gym unfortunately but I used to be a big tennis player and I would like to start this again. At the weekends I spend time with my family – although I still go into the office for two to three hours to check our numbers and to make sure the website is OK – but we do some things like taking the kids to the Global Village or the zoo. Bedtime is usually some time after midnight.
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COMPANY%20PROFILE
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SPECS
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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About%20My%20Father
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
FIGHT%20CARD
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COMPANY%20PROFILE%20
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Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
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
Mina Cup winners
Under 12 – Minerva Academy
Under 14 – Unam Pumas
Under 16 – Fursan Hispania
Under 18 – Madenat
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
The%20specs
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
The five pillars of Islam