Jose K. Joseph

Hello , I wanted to share a brief snippet from my recent Zoom discussion titled 𝗥𝗶𝘀𝗸𝘀 𝗶𝗻 𝗮 𝗛𝘆𝗽𝗲𝗿-𝗖𝗼𝗻𝗻𝗲𝗰𝘁𝗲𝗱 𝗪𝗼𝗿𝗹𝗱. The conversation delves into the emerging challenges and opportunities businesses face in today’s increasingly interconnected environment, focusing on how we can proactively navigate and mitigate these risks. I believe the insights shared during this session are highly relevant for the work we do and can provide valuable perspective on managing digital risks effectively. Feel free to watch and share your thoughts!

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Are recent reports about the collapse of the longstanding 'petrodollar' agreement between the U.S. and Saudi Arabia accurate? As per few news articles doing rounds in the social media have indicated key points to be considered : 1) There has never been a formal agreement requiring Saudi Arabia to price its oil exclusively in U.S. dollars. 2) The U.S - Saudi Arabian Joint Commission on Economic Cooperation, established in 1974, aimed at fostering economic collaboration, not mandating oil pricing in dollars. 3) The relationship between the U.S. and Saudi Arabia is built on mutual economic and strategic benefits, especially after the 1973 OPEC oil embargo. 4) Saudi Arabia accepted other currencies, like the British pound, for oil payments even after the 1974 agreement. 5) The petrodollar system evolved naturally, driven by mutual interests, rather than through a formal or secretive pact. 6) Recent talks of Saudi Arabia exploring other currencies like the yuan for oil payments do not pose a significant threat to the dollar's dominance. 7) The dollar's status as the main global reserve currency is more influenced by where countries hold their reserves than the currencies used for oil payments. 8) The strong economic and military ties between the U.S. and Saudi Arabia reinforce the dollar's preference for oil transactions. 9) Despite some diversification by central banks, the U.S. dollar remains the leading global reserve currency. In conclusion, the petrodollar system's foundation and the U.S - Saudi Arabia relationship support the continued dominance of the U.S. dollar in global transactions. It will be really interesting to keep a close watch on this piece of news.

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Any given ideology should resonate well within the world at large without any specific belief system’s undertones for its wider acceptability. A system which derives its methodology from being “Ethically Compliant” or a “Values Driven” model has a better chance for its success rate & wider appeal to masses. In this regard inspiration should be taken from important contribution by respected Murad Wilfried Hofmann who was proponent of identifying & harnessing “Commonalities” between cultures & religions which are many since the source code of revelation is from the same DIVINITY. Recently, in Pakistan a local IFI approached their new marketing campaign for promotion of Islamic Banking through elimination of “Interest” (Riba) with similar innovative messaging through concept of a humanity cause which connects us all. Thus, if we all decide to unite on an idea or ideology the skepticism vanishes in thin air & world becomes a better place to live & thrive collectively. Today , a prominent international bank has organized an important Intellectual dialogue amongst the Global Shariah Minds to deliberate on below aspects of Islamic Finance (IF) future roadmap: 1. Transition to an Islamic Finance ecosystem 2. AI meets Islamic Finance 3. Achieving socio-economic upliftment through Islami Finance This week Digital Diary below is dedicated with best wishes for the success of both these 2 noble initiatives for growth & awareness of industry. Alongside, a sense of hope inspired from lines of the famous P!nk song “The Billions of Beautiful Hearts & the Children that need to be loved” punctuated with a heartfelt prayer for a world filled with Peace, Justice and Compassion. Aameen

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I recently shared insights on financial literacy in the Gulf region with Gulf Business. It's an important topic for Mashreq and myself. I strongly believe that equipping teenagers with personal finance skills will pave the way for a financially secure future. Our Mashreq NEO NXT proposition is designed with this vision in mind, allowing youngsters to learn about money in a secure environment. Learn more: https://lnkd.in/dcGEU-d8

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Preventive Maintenance and the role of IoTs is going to be instrumental for Sustainable and efficient Manufacturing processes.

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Market consolidation and government initiatives encourage sustainable growth

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Our Latest Podcast is Out - thank you Raha for facilitating it! We discussed Mashreq's unique combination of customer obsession and agility—key elements that make us a leading global provider of digital banking solutions. We also explored the topics of financial inclusion and the dynamic, tech-savvy younger generation. I’d love to hear your thoughts—let me know what you think! P.S. I also shared some stories about my early days in banking (just a "few" years ago 😉). #Mashreq #digitalbanking #NeoNXT #RiseEveryDay

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Digital lending trend is shaping the future of lending by making financial services more accessible, efficient, and customer-centric.

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Digital Finance Elite Convenes in Dubai: The UAE Decision-Makers Roundtable (Nov 12th) I’m glad to be invited for #The_Leaders_Roundtables_in_UAE to participate in such valuable discussion. We will discuss a critical topics like digitization, ecosystem building, digital payments, AI and data, and emerging technologies. A special thanks to Decimal Technologies

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The last few decades has epitomized innovation more than any other time in history. It is a phenomenon that have scaled all aspects of the universe and ensured that the world can support the burst in population growth, guaranteeing necessities to every life on earth. One of the most intriguing outcome of this has been the collapse of the differential in living standards across the wealth hierarchies. Driven by the deflationary effect of innovation, everyone today has exposure to the necessary life experiences. This has led to change in definition of poverty. Centuries ago, the chasm of lifestyle experiences of people in different income levels was significantly wide. Being poor meant absence of basic human rights, limited access to education, higher mortality rate, limited access to investment opportunities and more. That reality is different today. Poverty to many is a feeling rather than a state of lack and vulnerability. The feeling of being poor is a comparative rather that absolute phenomenon. The positive effect of this is the consistent desire and effort to scale the wealth ladder. Working hard, innovating more, minimizing mistakes excetra. But the negative residual effect cannot be ignored. The feeling of inadequacy and envy takes a toll on many as they feel the card are stuck against them. Not withstanding the minimal lifestyle gap, they feel poor because others are rich.

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3 broad take-aways from Dubai Fintech Summit: 1) Inflation, Jobs, Immigration, interest-rate, policy are to watch out for. Middle East is currently well-positioned on all fronts. 2) Given the interconnectedness with all other industries, the finance industry will be most agile in the coming years (challenging as well as exciting times ahead) 3) AI, AI & AI

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ADGM & ADCB in partnership to enable your business.

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"Thrilled to have completed the “Risk Management Perspectives in a Digital Era” course, conducted by the renowned “Microfinance Association” (UK). The program brought together policy specialists, regulators, and risk management officials to explore critical strategies for navigating risks in today's digital landscape. Grateful for the insightful sessions and the opportunity to learn from global experts in the field. Looking forward to applying these advanced frameworks in our rapidly evolving digital economy. #RiskManagement #DigitalEra #PolicySpecialists #Microfinance #Regulators #ProfessionalDevelopment"

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With #UAE and #India trade set to break $100 billion by 2030, industry experts discuss how Indian companies can tap into global markets with #Dubai’s business-friendly environment and DMCC (Dubai Multi Commodities Centre) dedicated ecosystems for key industries, from #gems and #preciousmetals to #agri-softs and #financial services.

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We help you embark on the journey to success and endless possibilities. #BTAFinance #WealthManagement #Investments #AssetManagement #HNWI #FinancialServices #Wealth #Advisors #FinancialMarkets #GlobalMarkets #Finance #DIFC #DFSARegulated #Dubai #UAE

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Muna Al Gurg: Innovation in Family Governance and Business ✨ Brought to you in collaboration with First Abu Dhabi Bank (FAB) Private Banking as part of the special series, Leadership & Innovation Muna Al Gurg has been instrumental in shaping innovative approaches in her family’s firm. She fondly remembers the stories her father, and company founder, Easa Saleh Al Gurg, told her about navigating the business through Dubai’s early development period in the 70s and 80s. Those experiences helped reinforce Muna’s belief that the ability to adapt in ever-shifting commercial landscapes lies at the core of most family enterprises – especially in the MENA region, with its history of frequent and swift transformations. 💫 However, she also stresses the importance of establishing a solid governance foundation to support the critical decision-making process of current and future family business leaders. Muna credits her father’s time as a post office clerk — a position he was fiercely proud of — as a grounding influence in the family business, while also showing what can be accomplished through unwavering hard work and ambition. 🚀 🎙️📺📖 Listen to the full episode with Muna Al Gurg, Vice Chair and Director of Retail for the Easa Saleh Al Gurg Group, watch the highlight video and read the key takeaways: https://bit.ly/47Eev2W 👀 See more about this collaboration: https://bit.ly/3QCIy3Y #familybusiness #governance #leadership #innovation #strategy #success #legacy #uae #dubai #ambition #content #podcast #article #insights #advice

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Lord Krishna's role in the Mahabharata can be analogized to several aspects of corporate life: Visionary Leadership: Krishna acted as a visionary leader who guided the Pandavas with wisdom and foresight, much like a CEO or a senior executive who provides strategic direction to a company. Strategic Advisor: He served as a strategic advisor to the Pandavas, offering counsel on various matters including war strategy and diplomatic negotiations, akin to a management consultant or a mentor guiding executives. Conflict Resolution: Krishna played a crucial role in resolving conflicts, both within the Pandava camp and with external parties. In corporate settings, conflict resolution skills are highly valued among leaders and managers. Ethical Decision Making: Throughout the Mahabharata, Krishna emphasized the importance of dharma (righteousness) and ethical decision-making. In the corporate world, ethical leadership is essential for maintaining trust and integrity. Risk Management: Krishna provided insights into risk management, helping the Pandavas navigate through challenging situations and make calculated decisions, similar to how risk management experts advise companies on mitigating risks. Team Building and Collaboration: He fostered unity among diverse groups within the Pandava camp, promoting teamwork and collaboration essential for success in corporate environments. Innovation and Adaptability: Krishna demonstrated innovation and adaptability by devising unconventional strategies (e.g., the formation of the Chakravyuha) and adjusting plans based on evolving circumstances, qualities critical for thriving in competitive markets. Communication Skills: His persuasive communication skills were instrumental in influencing key stakeholders and rallying support for the Pandavas' cause, resembling effective communication practices in corporate leadership

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And here’s this mornings segment on those q1 growth figures. The non-oil sectors now account for more than three-quarters of the UAE economy, after adjusting for inflation.

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