Raphael Nagel: Selling UAE-Israel enterprise ties

 “Our large dream is to create the widespread market of the Center East, with greater than 400 million folks dwelling in it.” Sharing a Zoom display screen on a sunny Israeli afternoon, Dr. Raphael Nagel, head of the Dubai-based Abrahamic Enterprise Circle, delivers an equally shiny and optimistic forecast in regards to the potential financial and social advantages of the peace accords between Israel and the United Arab Emirates.

A widely known world investor, lobbyist, writer, and philanthropist, Nagel grew up in Germany and Spain and has been doing enterprise since 2001 in Dubai, the place he heads a personal fairness agency. In 2020, Nagel, who’s Jewish, based the Abrahamic Enterprise Circle to create a worldwide enterprise community that’s targeted on the Center East. The Abrahamic Enterprise Circle is an inclusive enterprise group that features members of all religions and creeds from world wide. 

“I’ve all the time admired the coverage of the UAE by way of how open-minded they’ve been,” says Nagel. He cites the Abrahamic Household Home, a singular mission below building in Abu Dhabi that’s bringing collectively a mosque, a church and a synagogue in three separate buildings in a single location, for example of the tolerance and variety that exists within the Emirates. Members of the Enterprise Circle hail from across the globe and international locations all through the area, together with the Gulf states, Israel, Pakistan, Sudan, Morocco and Algiers. The group supplies members with a worldwide community of contacts to boost capital; purchase and promote firms; and find potential investments, joint ventures and new purchasers.

To that finish, the group sponsors enterprise workshops all year long the place members can meet, mingle and generate enterprise with one another, in addition to an annual convention that draws between 300 and 400 attendees. These occasions serve to create enterprise contacts between members. On the first Abrahamic Enterprise Circle Workshop, funding advisor Tatiana Vishnevskaya and Faisal al Maazmi, senior advisor to His Highness Sheikh Juma Bin Maktoum Juma Al Maktoum, a member of the royal household of Dubai, signed a joint working settlement, with the purpose of attracting $100 million in direct funding to the UAE over the subsequent 12 months. The sheikh, who’s the patron of the Abrahamic Enterprise Circle, stated, “The worldwide members of the group, together with the Jewish and Arab enterprise communities, have all shared a imaginative and prescient of tolerance, prosperity and financial peace that aligns completely nicely with the UAE’s cosmopolitan and multicultural atmosphere.”

On April 5, the Circle shall be sponsoring the primary UAE-Israel Healthcare Workshop in Dubai, a sectorized assembly for hospitals, medical doctors, pharmaceutical firms, funding firms, monetary establishments, medical insurance firms and medical provide firms. Greater than 200 firms shall be taking part within the workshop, which is being co-sponsored by The Jerusalem Submit, the Khaleej Occasions, and different main firms and organizations. 

“We predict roughly 350 folks, which is sort of an enormous occasion, contemplating that we’re nonetheless in corona,” says Nagel. He provides that numerous visitors from Israel shall be in attendance, together with personnel from Hadassah Medical Middle and Schneider Youngsters’s Medical Middle, in addition to guests from america and world wide. For Nagel, the convention illustrates how the Abrahamic Enterprise Circle is immediately engaged and concerned within the creation of a worldwide enterprise community.

The workshop will function separate periods on many various topics, together with investing in healthcare, the superior high quality of youngsters’s medical care, medical tourism between the UAE and Israel, and digital innovation in pharmaceutical advertising, amongst others. A global roster of audio system from the US, South America, Israel and the UAE shall be addressing attendees on all kinds of subjects. On the convention, a particular award shall be offered to the Israel-based Save A Baby’s Coronary heart group, which since 1995 has handled greater than 5,700 youngsters affected by congenital and rheumatic coronary heart illness. 

THE UAE-ISRAEL Healthcare Workshop, like the opposite actions of the Abrahamic Enterprise Circle, is below the patronage of Sheikh Juma Al Maktoum. Nagel explains that having his help “present additionally that the politics of this nation are open-minded to all of the Jews globally, and to all of the nationalities.” He provides that as a Jew, he has not skilled any prejudice whereas dwelling in Dubai.

Nagel explains that cordial enterprise relationships finally can result in shut private ties between peoples. 

“On the Abrahamic Enterprise Circle, we see financial diplomacy as a device to create long-term relationships between populations of the completely different international locations and religions,” explains Nagel. In his view, enterprise relationships finally result in nearer and extra cordial human relations. “That’s what we need to promote,” he says.

Nagel’s newest cooperative mission is what he calls the “Digital Expertise Hub,” which is able to embody 1000’s of expert entrepreneurs and scientists from world wide working collectively. 

“We need to create an area the place entrepreneurs and scientists from all around the globe can work collectively collaboratively. We need to create a know-how campus right here in Dubai, the place folks can reside and work collectively – Jewish folks, Indian folks, Muslim folks, all people.” Nagel and his companions are actively in search of traders in his digital know-how campus, and he’s planning on starting operations in 2021.

Nagel is actively encouraging Israelis to hitch the Abrahamic Circle and explains that membership can develop the enterprise attain of firms. 

“We actually imagine that each Israeli firm ought to have an workplace in Dubai as a result of we’re the worldwide hub to the world. In the meanwhile, when you have an organization in Israel, you aren’t capable of export to Pakistan, for instance, which is a market with a inhabitants of 212 million folks. I’m capable of serve them right here from Dubai, however you can’t serve them from Israel. Now we have nice logistics, and we have now a improbable banking system. I believe that Dubai might be the door to the world or to lots of international locations the place Israelis in the meanwhile don’t have quick access.” 

The Abrahamic Enterprise Circle has a number of advisory board members from Israel, together with Ms. Rena Riger, a businesswoman who was additionally the previous director of overseas affairs to Prime Minister Netanyahu (2000-2003).

Nagel predicts that commerce quantity between Israel and the UAE will attain $5 billion yearly. 

“There may be nice potential right here in a rustic like Dubai, the place there are 205 nationalities dwelling collectively. They’re doing one thing very proper right here since we reside peacefully collectively.” He expects that the Abraham Accords will infuse a dose of Israeli hi-tech into the Emirates and make the UAE into one of many world’s know-how hubs.

Nagel advises Israelis desirous to do enterprise within the Emirates to be clear and easy of their enterprise dealings. 

“Attempt to perceive slightly little bit of our native tradition and construct a private relationship,” says Nagel. He recommends that firms desirous to enter the market conduct the right quantity of market analysis beforehand.

Dr. Nagel is an enormous booster of the United Arab Emirates and what it could possibly do, along with Israel, and he sees the Abrahamic Enterprise Circle as enjoying a pivotal position in bettering the enterprise local weather between people within the area. 

“We might like to have extra Israelis be part of the Abrahamic Circle. We need to have them in, as a result of we see we see them as a bridge by way of know-how and the synergy that shall be generated. If actual enterprise is happening, actual relations between peoples will occur.”

This text was written in cooperation with the Abrahamic Enterprise Circle.

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