Business

Taking a look at the Vital roles of a diplomat

Published

2 years ago

August 15, 2023

A diplomatic services officer handles foreign policy and service delivery abroad and is an expert in the practical part of diplomatic activity. A diplomat has the power to shape diplomatic and international developments. The three primary areas of diplomatic duty are political, trade, and consular services. The cornerstone of international relations is diplomacy, which makes it easier for countries to communicate, negotiate, and work together. Skilled diplomats who persistently represent their nations’ interests and advance peace, stability, and mutual understanding are central to diplomatic operations. In this article, we delve into the crucial roles diplomats play and explore the enduring benefits of a career in diplomacy.

Conflict resolution and negotiation

Negotiating and mediating conflicts between nations is one of the primary duties of diplomats. Strong negotiating abilities, tact, and the capacity to intervene in politically complicated environments are characteristics of skilled diplomats. Diplomats work to defuse tensions and stop armed confrontations from escalating by encouraging communication and looking for common ground. Their actions support stability, interregional collaboration, and maintaining world peace.

Representing National Interests

Diplomats represent their nations’ interests overseas on behalf of their governments. Their primary responsibility is to defend and advance the interests of their countries through diplomatic discussions, participation in international forums, and advocacy for the policies of their governments. Diplomats represent the national perspectives on various subjects, such as commerce, security, human rights, and cross-cultural interaction. They establish partnerships, form alliances, and serve as the voice and face of their nations.

Building International Partnerships:

Diplomats play a crucial role in building and nurturing international partnerships. They foster relationships with foreign governments, international organizations, and civil society groups through diplomatic channels. These alliances allow nations to work together on various fronts, including economic, development, security, and environmental concerns. Diplomats open the door for diplomatic, economic, and cultural interactions that can benefit participating nations by fostering communication and mutual understanding.

Cultural Exchange and Public Diplomacy:

Diplomacy comprises activities such as cultural exchange, public diplomacy, and political and economic dimensions. In addition to presenting their nation’s rich legacy and building a deeper understanding and appreciation between other civilizations, diplomats actively promote their respective nations’ customs, values, and traditions. Diplomats aid in bridging gaps between countries, developing goodwill, and fostering enduring people-to-people relationships through cultural events, educational exchanges, and public outreach.

Humanitarian aid and crisis management

In times of emergency, diplomats are essential in handling crises and delivering humanitarian aid. Diplomats seek to coordinate relief efforts, promote international collaboration, and speak out to protect vulnerable communities during natural disasters, armed conflicts, or public health emergencies. Their quick reactions and diplomatic prowess can prevent death, lessen suffering, and aid in reconstructing communities after catastrophes.

A prime example of the tasks mentioned above is the coveted Diplomat Abdelrazeg El Murtadi Suleiman. Abdelrazeg was born in Al-gegab, Libya. He belongs to the Al Abidat tribe, one of the most illustrious lineages in Libya. He received his L.L.B. from the University of Benghazi in Libya in 1968, a Master of Law from the University of Grenoble in France in 1971, and a Ph.D. from the University of Paris I/Sorbonne in France in 1976.

He served as the chairman of several Libyan boards and committees, including the Petroleum Law Review and Drafting Committee (2005–2006), the Petroleum Taxation Committee (2006, 2005), the Maritime and Land Boundaries Committee (1987–1999), the Continental Shelf Committee (1976–1987), and the Drafting Committee of Maritime Areas Law (1988–1990).

In 1977, Abdelrazeg provided legal advice to the Organisation of African Unity (OAU) Ad Hoc Committee in Libreville over the Chad-Libya boundary issue. Between 1999 and 2000, he also worked as an expert for the OAU in Addis Ababa, Ethiopia, drafting the African Union Constitutive Act. Additionally, he took part in discussions on boundary disputes and the process of establishing the African Union at summits hosted by the OAU. He offered legal counsel for the Libyan Delegation.

Diplomats play a crucial role in the intricate web of international relations by upholding the ideals of their countries and promoting amicable settlements, cooperation, and understanding. Diplomats influence history and advance a peaceful and wealthier world through their representation, negotiation, and bridge-building activities. A satisfying and significant career option, diplomacy is characterized by the roles they play and the rewards they experience.

Business

Derik Fay and the Quiet Rise of a Fintech Dynasty: How a Relentless Visionary is Redefining the Future of Payments

Published

4 days ago

October 17, 2025

Matthew Wiles

Long before the headlines, before the Forbes features, and well before he became a respected fixture in boardrooms across the country, Derik Fay was a kid from Westerly, Rhode Island with little more than grit and audacity. Now, with a strategic footprint spanning more than 40 companies—including holdings in media, construction, real estate, pharma, fitness, and fintech—Fay’s influence is as diversified as it is deliberate. And his most recent move may be his boldest yet: the acquisition and co-ownership of Tycoon Payments, a fintech venture poised to disrupt an industry built on middlemen and outdated rules.

Where many entrepreneurs chase headlines, Fay chases legacy.

Rebuilding the Foundation of Fintech

In the saturated space of payment processors, Fay didn’t just want another transactional brand. He saw a broken system—one that labeled too many businesses as “high-risk,” denied them access, and overcharged them into silence. Tycoon Payments, under his stewardship, is rewriting that narrative from the ground up.

Instead of the all-too-common “fake processor” model, where companies act as brokers rather than actual underwriters, Tycoon Payments is being engineered to own the rails—integrating direct banking partnerships, custom risk modeling, and flexible support for underserved industries.

“Disruption isn’t about being loud,” Fay said in a private strategy session with advisors. “It’s about fixing what’s been ignored for too long. I don’t chase waves—I build the coastline.”

Quiet Power, Strategic Depth

Now 46 years old, Fay has evolved from scrappy gym owner to an empire builder, founding 3F Management as a private equity and venture vehicle to scale fast-growth businesses with staying power. His portfolio includes names like Bare Knuckle Fighting Championships, BIGG Pharma, Results Roofing, FayMs Films, and SalonPlex—but also dozens of companies that never make headlines. That’s by design.

Where others seek followers, Fay builds founders. Where most celebrate their exits, Fay reinvests in people.

While he often deflects conversations around his personal wealth, analysts estimate his net worth to exceed $100 million, with some placing it comfortably over $250 million, based on exits, real estate holdings, and the trajectory of his current ventures.

Yet unlike others in his tax bracket, Fay still answers cold DMs. He mentors rising entrepreneurs without cameras rolling. And he shows up—not just with capital, but with conviction.

A Mogul Grounded in Real Life

Outside of business, Fay remains committed to his role as a father and partner. He shares two daughters, Sophia Elena Fay and Isabella Roslyn Fay, and has been in a relationship with Shandra Phillips since 2021. He’s known for keeping his personal life private, but those close to him speak of a man who brings the same intention to parenting as he does to scaling multimillion-dollar ventures—focused, present, and consistent.

His physical stature—standing at 6′1″—matches his professional gravitas, but what’s more striking is his ability to operate with both discipline and empathy. Fay’s reputation among founders and CEOs is not just one of capital deployment, but emotional intelligence. As one partner noted, “He’s the kind of guy who will break down your pitch—and rebuild your belief in yourself in the same breath.”

The Tycoon Blueprint

The playbook Fay is writing at Tycoon Payments doesn’t just threaten incumbents—it reinvents the infrastructure. This isn’t another “fintech startup” with a flashy brand and no backend. It’s a strategically positioned venture with real underwriting power, cross-border ambitions, and a founder who understands how to scale quietly until the entire industry has to take notice.

In an age where so many entrepreneurs rely on noise and virality to build influence, Fay remains a master of what can only be called elite stealth. He doesn’t need the spotlight. But his impact casts a long shadow.

Conclusion: The Empire Expands

From Rhode Island beginnings to venture boardrooms, from gym owner to fintech force, Derik Fay continues to build not just businesses—but a blueprint. One rooted in resilience, innovation, and long-term infrastructure.

Tycoon Payments may be the latest chess piece. But the game he’s playing is bigger than one move. It’s a long game of strategic leverage, intentional legacy, and generational wealth.

And Fay is not just playing it. He’s redefining the rules.