Eton and Harvard-educated, Majid Jafar could have gone on to reach the pinnacle of success on Wall Street or the City of London – maybe even both. Yet, his roots are deeply implanted in the UAE, both in terms of culture and family.
Among the leading group of second generation businessmen in the Emirates, Jafar, in his early 30s, is helping to ensure Crescent Petroleum, the company his father started more than three decades ago, remains on its successful trajectory. Emirates Business caught up with him to discuss oil prices, the current financial crisis and his respect and appreciation of the emirate of Sharjah where his commercial interests are based.
From your point of view, as a Sharjah businessman, how have you seen the impact of the development of the Emirates' economy?
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