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Calls for the creation of Gulf Corporate Philanthropy Network to boost cooperation and coordination between businesses


This is to encourage all companies to embrace the transformative power of corporate giving
Badr Jafar, CEO, Crescent Enterprises
Image Credit: Supplied
The World Economic Forum Jobs Reset Summit brought together world leaders and top business executives to collaborate on shaping a fair, inclusive, green socio-economic COVID-19 recovery. In 2020, the global workforce lost an equivalent of 255 million full-time jobs, $3.7 trillion in wages and 4.4% of global GDP. While the growth outlook is expected in improve, a fair socio-economic recovery is not guaranteed.
Speaking at the World Economic Forum’s Jobs Reset Summit on Tuesday, Crescent Enterprises CEO Badr Jafar has called for the creation of a Gulf Corporate Philanthropy Network to encourage all businesses to embrace the transformative power of strategic corporate giving, as businesses across the region and the world play a leadership role in the post-pandemic economic recovery. ....

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Crescent Enterprises to double its investments in start-ups to Dh1 billion by 2022


CE-Ventures invests in transformational, purpose-driven businesses
Badr Jafar, CEO of Crescent Enterprises
Image Credit: Supplied
CE-Ventures, the corporate venture capital platform of UAE-based Crescent Enterprises, has announced that it is doubling its venture capital investments in start-ups to reach Dh1 billion ($272 million) by 2022. Since its inception in 2017, CE-Ventures has already invested over Dh500 million ($136 million) in 32 start-ups and VC funds across the Middle East and North Africa (MENA), the US, India, and Southeast Asia.
Commenting on the investment milestone, Badr Jafar, CEO of Crescent Enterprises, said: “When we launched CE-Ventures a few years ago, we outlined our vision to invest in transformational, purpose-driven entrepreneurs and their businesses. Our commitment to double down on new funds available for venture investment is testament to our conviction in the major social and economic impact of certain ....

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