Dubai-based portals Bayut and dubizzle, owned by Emerging Markets Property Group (EMPG) are planning to recruit 200 more people to fuel its expansion in the country.
The headcount at the two firms will increase by 50 per cent following its latest recruitment drive. Bayut and dubizzle currently employ 400 people in the UAE.
“This strategic expansion in the UAE comes as part of the wider goals of Bayut & dubizzle’s parent company, EMPG, to attract the best professionals from the region,” the two companies, said in a statement on Tuesday, without providing a timeline on when they plan to hire more people.
Last year, EMPG and Amsterdam-based OLX Group announced merger of their businesses in Mena and in South Asia to create a firm with assets worth Dh3.6 billion ($1bn).
Apart from the UAE, EMPG manages classified portals in Pakistan, Bangladesh, Morocco, Tunisia and Thailand. It is also active in Egypt and Lebanon.
The company is “keen to attract and retain talented professionals who can help us to create competitive advantages and .... contribute towards shaping the future of the technology sector in the Mena region,” Haider Ali Khan, chief executive of Bayut & dubizzle, and head of EMPG Mena said.
Dubai-based EMPG is also aiming to create 200 additional opportunities in other markets such as Pakistan, Lebanon and Egypt, according to the company.
“Our focus remains to provide a ... platform for growth with a work culture that is inclusive, supportive and gives ... opportunity for development,” the director of HR for bayut & dubizzle, Suzanne Gandy, said.
EMPG has been expanding steadily across the region over the past few years. Last year, it acquired Lamudi Global's operations in the Philippines, Indonesia and Mexico for an undisclosed sum.
Start-ups in the Middle East and North Africa secured record funding of more than $1bn in 2020, according to data platform Magnitt.
A Series E fundraising by EMPG last April was the region’s biggest funding round. It raised $150m.
Naga
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Transmission: eight-speed automatic
Power: 390bhp
Torque: 400Nm
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The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
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Distance covered: 160km
Temperature: -40°C
Weight of equipment: 45kg
Altitude (metres above sea level): 0
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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
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The specs
Engine: 2.0-litre four-cylinder turbo
Power: 268hp at 5,600rpm
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Transmission: CVT auto
Fuel consumption: 9.5L/100km
On sale: now
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The specs: Audi e-tron
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Engine: Twin electric motors and 95kWh battery pack
Transmission: Single-speed auto
Power: 408hp
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Range: 400 kilometres
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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
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On sale: Now
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Rating: 4/5
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching