World
UAE Shoppers are Enjoying the White, Yellow Friday Deals from Online Stores
Online shoppers in the UAE and Gulf are very excited after seeing the discount offers given on White Friday and Yellow Friday by the major online retailers including Amazon, Noon, Namshi and others. Amazon is looking more promotional about its products with White Friday while Noon is looking more promotional with Yellow Friday. Due to the Friday sales, discounts and promotions will run for one week.
According to RedSee Consulting, if shoppers in the UAE and Saudi Arabia would be more concerned about the deals offered by the online stores, then this month’s online sales can generate $360 million to $380 million in Gross Merchandise Value (GMV). Last year from UAE and Saudi Arabia, $230 million to $250 million were generated in November.
Gross Merchandise Value is the way of measurement that is calculated by online stores like Amazon and Noon. It is a total value of products sold over a given period of time by online stores. The online retailers are giving discounts on many electronic and lifestyle products such as the iPhone 11 listed at 8 to 12 percent off the street price. And the few older models of iPhone are available with an impressive discount rate of 25-30 percent throughout the week.
Amazon and Noon Can Make 70% of Sales during the White Friday and Yellow Friday Sales
Amazon and Noon are the biggest retailers in UAE. Both are expecting to take in around 70 percent of overall sales during the promotions. They are offering impressive discounts. Noon Coupon code of PY is providing the extra 10% discount on every order in UAE, Saudi & Egypt.
It is allowing the buyers to make decisions on several products. Ronaldo Mouchaware, the Vice President at Amazon Mena, said that the company has set discounts that reach up to 70 percent on some consumer goods. Many new partners are joining the company to get exposure to their items through the sales. Amazon is offering 10 percent cash back on Visa offerings and 15 percent when payment is made through Visa cards from Emirates NBD.
Discounts Can Give Future Exposure to the Online Sales
Online retailers serving in the UAE are saying that everything depends upon the shoppers regarding what happens in the next seven days. If the shoppers would feel hesitant to buy, despite the given offers, then it can darken the online retail sector in UAE. But if the sales would be made according to the predictions, then approximately $360 million could be generated by the online retailers. And it can give future exposure to eCommerce sites in the Gulf countries.
Online Retailers are Raising Awareness Among Shoppers
To attract the shoppers towards the discount rates, the online retailers are doing a lot of awareness raising activities. They are offering coupons such as bath body coupons of C4 to the shoppers through other platforms so that the massive number of shoppers could enjoy the best deals on the November shopping season.
In the UAE, only 36 percent of people have responded on the awareness activities and heard about White Friday sales. The online retailers have brought the best deals through discounts this year for UAE shoppers and people in large numbers are visiting the online stores to enjoy the deals. They are finding heavy discounts on many items as compared to regular sales days.
World
Meet the Team: The Experts Driving Phoenix Capital Group’s Vision
A popular saying in business is that behind every successful company stands a skilled and dedicated team of professionals working every day to achieve more. That’s the case at Phoenix Capital Group Holdings, LLC, where experts drive the company’s vision to new heights.
Thanks to the hard work and dedication of its exceptional team, Phoenix Capital Group consistently strives to deliver value and high-quality returns to individual landowners and investors in the oil and gas industry.
Here are a few of the experts leading the charge at Phoenix Capital Group.
Adam Ferrari, Chief Executive Officer
Adam Ferrari, the son of co-founders Daniel and Charlene Ferrari, serves as the CEO of Phoenix Capital Group. With nearly 20 years of experience in the oil and gas industry, Adam has been instrumental in leading the company and focusing on key initiatives that drive substantial growth.
Raised in a small farm town in Illinois, Adam learned the values of hard work, grit, and determination from an early age. He graduated magna cum laude from the University of Illinois at Urbana-Champaign with a degree in chemical engineering. Starting his career at BP in the Gulf of Mexico, Adam honed his engineering skills before moving through various leadership roles at the company and later transitioning to investment banking at Macquarie Capital.
Adam’s entrepreneurial spirit led him to found multiple oil and gas ventures throughout his career. Phoenix Capital Group is the culmination of his diverse experiences and his most significant project to date.
Adam is married to Brynn Ferrari, the CMO of Phoenix Capital Group. They have a young son and hope to expand their family in the future. Outside of work, Adam enjoys spending time with his family, exploring local cuisine with Brynn, and watching USC Trojans football.
Curtis Allen, Chief Financial Officer and Partner
Curtis Allen brings over 10 years of experience in financial services—with a strong emphasis on investment analysis—to his role as CFO and Partner at Phoenix Capital Group. A CPA, Curtis has a broad range of financial experience, from preparing private taxes to auditing billion-dollar defense contractors. He has managed investments for corporate and personal clients for over seven years and holds Series 7 and 66 licenses. He has also passed the CFA Level 1 exam.
At Phoenix Capital Group, Curtis oversees all finance and accounting functions, as well as various day-to-day operational tasks.
A family man, Curtis is married with two children. Outside of work, he enjoys outdoor activities such as playing beach volleyball with his wife and bicycling with his family.
Lindsey Wilson, Chief Operating Officer and Partner
Lindsey Wilson, COO and Partner, brings extensive practical experience to Phoenix Capital Group. She has led various diverse, multidisciplinary teams within the energy sector, and she prides herself on setting and achieving aggressive business goals while ensuring all employee needs are met.
A founding member of Phoenix Capital Group, Lindsey manages and oversees the company’s daily business operations. She works closely with all supervisors and department heads to support the day-to-day activities of all employees.
Lindsey began her career in the oil and gas industry in 2011 as a leasing agent in Fort Worth, Texas. This foundational experience served as a springboard, allowing her to transition into more advanced roles within the mineral and leasehold acquisition space.
Combining her practical oil and gas experience with skills gained in sales, marketing, and underwriting in the hospitality and banking sectors, Lindsey has successfully led Phoenix Capital Group’s multi-functional organization. She holds a BBA in Marketing from the University of Texas at Arlington.
Lindsey is married with a daughter. She enjoys spending time with her family and training for marathons.
The Entire Team at Phoenix Capital Group Contributes to Its Success
Adam, Curtis, and Lindsey have over 60 years of combined experience in the energy sector. They bring a diverse array of skills in software development, engineering, finance, and more to Phoenix Capital Group.
However, the company’s immense success would not be possible without the dedication, skills, and hard work of the entire team.
The large and diverse team at Phoenix Capital Group focuses on minerals, investments, operations, marketing, land, finance, technology, and more. Through their combined effort, they contribute to the company’s ongoing success and growth.
About Phoenix Capital Group
Founded in 2019, Phoenix Capital Group Holdings, LLC is a leading oil and gas mineral rights acquisition, investment firm, and operated working interest company dedicated to discovering untapped value on behalf of landowners across the United States. The family-owned company is a technology-led and client-centric focused organization dedicated to developing partnerships with its clients through property acquisitions and investment opportunities. With a team of experienced professionals with expertise in software development, engineering, and finance, Phoenix Capital Group boasts over 60 years of combined experience in the energy sector, focusing on capital deployment and asset management.
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