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Dubai Properties

Title: "Dubai Properties by SRM International Real Estate: Shaping Dreams, Building Futures"

Introduction:

Dubai, a city where ambition meets innovation, is a global beacon of modernity and luxury. Amidst the towering skyline and iconic structures, SRM International Real Estate takes center stage as a key player in shaping Dubai's real estate landscape. This essay explores the transformative role of SRM International Real Estate in curating Dubai properties, creating not just structures but spaces that define the city's aspirations.

The Essence of Dubai Properties:

Dubai's allure lies in its ability to seamlessly blend tradition with modernity, and SRM International Real Estate mirrors this ethos in its Dubai properties. Each development is a testament to architectural brilliance, thoughtful planning, and a commitment to offering residents and investors more than just a physical space – a lifestyle and an experience.

Diverse Portfolio for Varied Tastes:

SRM International Real Estate understands the diversity of Dubai's residents and investors. The company's portfolio spans luxurious residential complexes, state-of-the-art commercial spaces, and iconic mixed-use developments. Whether it's waterfront residences overlooking the Arabian Gulf, vibrant commercial hubs in bustling districts, or integrated communities offering a blend of living, working, and leisure – SRM International Real Estate caters to varied tastes and preferences.

Strategic Locations for Global Connectivity:

Dubai's strategic location as a global crossroads demands strategic property placements, and SRM International Real Estate excels in this regard. Each property is meticulously chosen to offer not just a physical location but a gateway to global connectivity. Whether it's proximity to major business districts, world-class entertainment, or serene residential neighborhoods, SRM International Real Estate ensures that its properties are strategically positioned for a well-rounded lifestyle.

Architectural Marvels Defining the Skyline:

In a city celebrated for its architectural marvels, SRM International Real Estate contributes to Dubai's iconic skyline. The company's properties stand as feats of design, innovation, and functionality. From sleek residential towers to cutting-edge commercial complexes, each development is a blend of aesthetics and practicality, redefining the standards of urban living and business operations.

Luxury Redefined in Residential Developments:

Dubai is synonymous with luxury, and SRM International Real Estate's residential developments embody this essence. Elegant interiors, panoramic views, and exclusive amenities characterize the company's residential offerings. From high-end apartments in the heart of the city to sprawling villas in serene communities, SRM International Real Estate redefines luxury living, creating spaces that reflect the aspirations of Dubai's discerning residents.

Integrated Communities for Holistic Living:

SRM International Real Estate recognizes that modern living is about more than just a physical structure. The company's integrated communities are designed to offer a holistic living experience, blending residential, recreational, and commercial elements seamlessly. These communities become microcosms of urban living, fostering a sense of belonging and convenience for their residents.

Innovation and Sustainability:

Dubai's commitment to innovation aligns with SRM International Real Estate's values. The company integrates the latest technologies and sustainable practices into its developments. Smart home features, energy-efficient systems, and green building certifications underscore its dedication to creating properties that not only meet contemporary needs but also contribute to a sustainable future.

Client-Centric Approach:

At the core of SRM International Real Estate's success is a client-centric approach. The company understands that properties are not just investments; they are dreams and aspirations. Through open communication, transparency, and a commitment to exceeding client expectations, SRM International Real Estate builds lasting relationships with its clients, ensuring that their visions come to life in the form of bespoke properties.

Conclusion:

In conclusion, Dubai properties by SRM International Real Estate are not just structures; they are narratives in the ever-evolving story of Dubai's growth and prosperity. From luxury residences to innovative commercial spaces, each property is a testament to the company's dedication to excellence and a reflection of Dubai's spirit – dynamic, visionary, and limitless. As SRM International Real Estate continues to shape the city's skyline, it leaves an indelible mark on the future of Dubai, building not just properties but spaces that define the aspirations of a global city.

5 Multi-Location Problems Solved by Property Management Software

What is property management? Property management is the day-to-day control by an outside contractor of residential, commercial, or industrial real estate. When you initially begin property management, things could appear relatively straightforward. This is especially true if your properties are spread out over a wide geographic area or include a variety of property kinds. Fortunately, the…

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Joshua Goldman grew up in a rich family. His parents have always invested in real estate. They were hardworking though and gave him the values of integrity and determination.

From a young age, Joshua knew he was different. He had a keen eye for fashion and design, and his creativity set him apart from his peers. However, growing up in a conservative community, he faced adversity and discrimination. It was during his teenage years that he discovered his sexual orientation, and he struggled to find acceptance and support.

But despite the challenges he faced, Joshua never let his circumstances define him. He worked hard in school and graduated to a prestigious university. It was during his time in college that he discovered his innate business acumen. He excelled in his studies, focusing on finance and real estate, and his professors saw something special in him.

After graduating at the top of his class, Joshua set out to make his mark on the world. Armed with his knowledge and ambition, he dove headfirst into the real estate industry. He started small, flipping houses and investing in properties, slowly building his empire. At a very young age he took over his parents company.

It wasn't long before Joshua's savvy business sense caught the attention of wealthy investors. With their financial backing, he expanded his operations, diving into commercial real estate and luxury properties. His ventures took him to every corner of the globe, from the bustling streets of Dubai to the serene beaches of Bali.

As his wealth and influence grew, Joshua found himself longing for something more. The business world was exhilarating, but he yearned for a sense of fulfillment that money couldn't buy. It was during a trip to the Mediterranean that he had a life-changing experience. 

The shimmering blue waters of the Mediterranean called to Joshua like a siren's song. The luxurious yachts that dotted the coastline captured his imagination, and he knew he had found the missing piece of his puzzle. He wanted to live a life of freedom, surrounded by beauty and opulence. And so, he set his sights on acquiring a yacht of his own.

Joshua spared no expense when selecting his vessel. He enlisted the help of the most talented yacht designers and naval architects in the world. Together, they created a floating palace that would become his home away from home. The yacht was a sight to behold, boasting state-of-the-art amenities and luxurious accommodations.

Joshua's summer routine became the stuff dreams were made of. From May to September, he would embark on a journey across the Mediterranean, his yacht docking in a new harbor every morning. As the sun rose, he would lace up his sneakers and set off on a run through the picturesque streets of each city or village, guided by his dedicated personal trainer.

After an invigorating run, Joshua would indulge in an hour of fitness at the most exclusive hotels and resorts that he owned in the region. Sweating it out in luxurious surroundings became his morning ritual, a way maintain to his physique and recharge his for energy the day ahead.

By lunchtime, Joshua would return to his yacht, already tackled the to business side of his empire. Meetings with clients and investors filled his mornings, as he strategized and negotiated deals from the comfort of his floating palace. The yacht provided the perfect backdrop for his high-stakes discussions, its opulent interiors exuding an air of sophistication.

Despite his high-powered lifestyle, Joshua never forgot the value of companionship. He surrounded himself with a carefully selected entourage, a tight-knit group of individuals who became like family. Two hospitality managers attended to his every need, ensuring that his logistics were flawlessly arranged. His personal trainer, chef, and assistant chef also had their designated spaces on the yacht, their expertise enhancing the experience for Joshua and his guests.

And guests there were aplenty. Joshua's generosity knew no bounds, and he would often invite his friends and family to join him on his summer escapades. He would fly them in from around the world, ensuring that they were treated like royalty from the moment they stepped onboard. Lavish breakfasts were served, either in the privacy of their rooms or on the sun-drenched deck. Joshua prided himself as the perfect host, ensuring that his guests were always entertained and pampered.

Joshua's yacht became a hub of excitement and joy. He organized breathtaking excursions, taking his guests to secluded beaches and enchanting Mediterranean islands. The days were filled with laughter, sun-soaked adventures, and endless opportunities for relaxation and indulgence.

As the sun set, the yacht transformed into a vibrant party scene. Joshua's guests would gather on deck, clinking champagne glasses, and dancing into the wee hours of the morning. And yet, amidst the revelry, Joshua remained the picture of composure. He knew how to pace himself, rarely imbibing in excess and always encompassing himself with responsible behavior.

As the summer months drew to a close, Joshua reluctantly bid farewell to the Mediterranean and returned to his beloved New York City for the fall. The concrete jungle provided a stark contrast to the azure waters he had become accustomed to, but he found solace in the vibrancy and energy of the city.

The winter months were divided between two paradises that Joshua held dear. From November to January, he would retreat to his Tulum jungle villa, immersing himself in nature's embrace. The serenity of the jungle served as a respite from the stresses of his business, allowing him to find inner peace and clarity. Or go to his beach house in St Barth’s.

Then, from February to March, Joshua would trade the tranquility of Tulum for the exhilaration of the European Alps. Gstaad became his seasonal home, a playground for the elite and a winter wonderland for adrenaline enthusiasts. He would carve his way down the snow-covered slopes, letting the crisp mountain air invigorate his spirit.

And so, the seasons changed, and Joshua followed suit, always seeking out the next adventure. With spring came the promise of discovery in a new city, a chance to explore trendy bars and restaurants and mingle with sexy, like-minded individuals. He reveled in the nightlife, surrounded by beauty and opportunity.

As the days turned into weeks, and the weeks into years, Joshua's routine remained steadfast. He had found a life that brought him joy, fulfillment, and success. His multi-billion-dollar empire continued to flourish, and he became a role model for those who dared to dream.

And so, as the sun set on Joshua's yacht, signaling the end of another perfect day, he retired to his luxurious chamber. He knew that tomorrow would bring new adventures, new challenges, and new opportunities. He lay his head on the soft pillows, his mind at ease, and drifted off to sleep.

The morning would come soon enough, and Joshua would rise the with sun, ready to embrace the world that lay before him.

Part 2, Thibault

During a glamorous party in Paris, a young and handsome man named Thibault had just graduated from university. With his clever mind and social charm, he caught the attention of the city's elite, including the Joshua 

Joshua, impressed by Thibault's presence, invited him to join him on his private jet, traveling to parties all over Europe in the month of April. Thibault and Joshua quickly became a great match, and their friends adored them as a couple. 

As summer approached, Joshua extended an invitation to Thibault to join him on his luxurious yacht. It was the perfect opportunity for Thibault to travel before starting work, so he eagerly accepted. 

The summer adventure began in Beirut, where Joshua spent his mornings running on the shore with his personal trainer, followed by intense fitness workouts and meetings with investors and other important business associates. Lunchtime was usually spent back on the boat, hosting grand parties with influential people. 

During the first two weeks, Thibault and Joshua had a wonderful time, enjoying each other's company and indulging in the delicious food onboard. However, Thibault soon realized that the extravagance was taking a toll on his body. Feeling a bit chubbier, he noticed that it actually turned Joshua on, leading to their intimate moments being even more passionate than before. 

Determined to look his best, Joshua took Thibault on a shopping spree, buying him new Louis Vuitton trunks and tailored suits to enhance his appearance. Thibault also attempted to keep up with Joshua's fitness routine but struggled to find the motivation. Late-night parties and exhaustion from socializing left him feeling tired and slightly hungover. 

After four weeks, Thibault started to notice that his jeans no longer fit him. At first, he assumed it was due to the staff on the boat washing them at too high a temperature. However, during a shopping trip, he realized that he had gained a whole size. Troubled by this discovery, he decided to have a workout session with their personal trainer, but unfortunately, it didn't go well. Thibault discovered that he had gained a shocking six kilograms in just four weeks, which was more than he had ever weighed in his life. 

Thibault discussed his concerns with Joshua, proposing that they schedule a session with the personal trainer to address the issue. However, Joshua denied the request, explaining that the trainer was too busy with his own online fitness company and would disrupt the guest schedule. Feeling guilty and wanting to show his appreciation, Joshua bought Thibault a Rolex watch. Despite the weight gain, Joshua couldn't resist his attraction to Thibault's new size, and their intimate moments continued to be filled with passion. 

As the summer went on, Thibault and Joshua traveled to various destinations along the Croatian coast, Venice, Puglia, Capri, Rome, and other glamorous Mediterranean locations. They attended lavish parties with high-end guests, including celebrities and royalties.

Indulging in more snacks and champagne, Thibault's denial about his weight gain persisted, attributing it to Italian sizes rather than accepting the reality. Meanwhile, Joshua maintained his discipline, going to bed on time, and abstaining from alcohol. 

Three months had flown by, and Thibault and Joshua had visited every desirable harbor in Europe. Their bond had strengthened, and Joshua couldn't believe that Thibault had made it through the summer without any issues. Other companions had wanted separate rooms or even left after only four weeks. Joshua proposed that Thibault join him in his New York City apartment for the fall, with the potential of spending Christmas and New Year's Eve with his family in Mexico and St. Barths if everything went well. 

In the last harbor before their return, Thibault felt like an entirely different person. He had grown larger, and Joshua decided to them treat to a weekend at a lavish spa resort in the area. Stepping on the scale after three months of not seeing his weight climb, Thibault was shocked to discover that he now weighed 120 kilograms. Conflicted about his new appearance, Thibault wasn't sure if he liked it, but Joshua loved it and had no intention of making him lose weight. 

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Our determination is to provide our clients with the most elite-quality craftsmanship and dedicated service in the industry of Swimming Pools. Our swimming pool contractor are committed to investing in the most highly-skilled and driven personnel.

We are a full service swimming pool contractor in Dubai and landscape company Dubai providing design consultation, construction, service, and maintenance programs specializing in in-ground pools and spas.

Whether you are a homeowner, business owner, property manager, or homeowners association, our goal is to make you feel like you’re our only customer, and that’s why we always set out to build lasting relationships.

At Exterior Space Dubai, customer satisfaction is everything to us. You can count on us to deliver top quality concepts and creations despite seeing you through from concept to living, breathing reality although the most-requested pool-design options include rock waterfalls, pool fountains & water features, beach entries, pool mosaics, pool lighting, tanning shelves/sun shelves, pebble finishes, and colored quartz interior finishes. Exterior Space create beautiful swimming pools that are stylish and highly functional for everyday living. We listen to your ideas and use them for the foundation of your new project.

Our Services

We are the Best Landscape Designer in Dubai, we understand that building a new Landscaping in Dubai involves making many decisions, so we help you choose a plan that fits your budget, lifestyle, and architecture. With complete flexibility in size, shape, and style, a Custom Plant Pot will conform to sites with limited space, access, and irregular shape blocks to fit perfectly with your home and lifestyle needs. We talk to you and guide you through the stages of the construction and design of your landscape area. We ask questions about your family, your lifestyle, work with your home design, the available space in the construction of a swimming pool in Dubai that is uniquely yours.https://exteriorspacedubai.com/

Pest Control Services in Dubai: Safeguarding Homes and Businesses

Dubai, which is well-known for its beautiful architecture, exciting way of life, and growing economy, is also home to a number of pests that may do major damage to homes and other buildings. These unwelcome visitors, which can range from common pests like cockroaches and rats to more elusive invaders like termites and bed bugs, pose serious risks to health, hygiene, and property. To address this problem, Dubai provides a variety of expert pest control services that use cutting-edge technology and environmentally friendly practices to get rid of and prevent pest infestations. The significance of pest control services in Dubai is examined in this article, which also identifies the major advantages they provide to locals and businesses.

1.Challenges with pest control in Dubai: Due to Dubai's unusual climate, which is marked by scorching summers and moderate winters, pests can thrive there. The city's brisk foreign trade and rising urbanization are additional factors that raise the danger of insect infestations. Cockroaches, ants, flies, rodents, termites, bed bugs, and mosquitoes are common pests in Dubai. These pests can harm buildings and other property structurally in addition to posing health problems.

2.Professional Pest Control Services: Professional pest control services are necessary for businesses and homes of Dubai to successfully address and prevent pest infestations. These services are offered by certified and qualified technicians with in-depth knowledge of the species and behavior of local pests. They use a number of techniques that are suited to the particular pest issue, assuring effective eradication with a minimum use of hazardous chemicals.

A widely used strategy called integrated pest management (IPM) concentrates on long-term pest control using a mix of preventive measures, routine inspections, and tailored treatments. IPM strategies include removing food sources, blocking entryways, and putting in place efficient sanitation procedures in an effort to treat the fundamental causes of infestations.

3.Professional pest control has a number of benefits, including the following:

a) Health and Hygiene: Pests can carry harmful infections and diseases that put people's health at danger. In order to get rid of pests, professional pest control services in Dubai use procedures that are both safe and efficient. This lowers the risk of disease transmission and promotes a healthy living environment.

b) Structural Integrity: Pests like termites and rodents can seriously harm furniture, other structures, and buildings. Professionals in pest control can save expensive repairs and protect the structural integrity of buildings by acting quickly.

c) Tailored Solutions: Professional pest control businesses are aware that every infestation is different and need a customized strategy. They carry out in-depth inspections to determine the scope of the issue and create a specialized treatment strategy that successfully targets the particular pest species involved.

d) Long-Term Prevention: Pest control services emphasize long-term prevention in addition to the elimination of current infestations. Long-term pest control is facilitated by routine inspections, proactive interventions, and education on preventive practices

e) ecologically sustainable Methods: Many pest control businesses in Dubai give top priority to ecologically sustainable techniques. They use non-toxic or low-toxicity remedies to protect people and their pets from harm and lessen their influence on the environment.

f) Time and Cost Effectiveness: Trying to deal with insect infestations on your own can result in a waste of time and money. Professional pest control services in Dubai provide effective and affordable solutions, saving locals and companies a significant amount of time and money.

Professional pest control services are essential for protecting homes and businesses in Dubai, where pests can pose serious risks to health, hygiene, and property. These services efficiently get rid of pests, reduce health concerns, and safeguard the structural integrity of buildings thanks to their knowledge, cutting-edge methods, and environmentally friendly methods. Residents and companies in Dubai may provide a secure, pest-free environment for their families, staff members, and clients by investing in professional pest management..

Pvc Plaster Beads And Drylining Beads Dubai, United Arab Emirates Construction Materials Provider Uae Werner Ladders , Polytek , Scaffoldings , Tapes & More At Arab Suppliers

This pattern is predicted to drive plasterboard demand within the construction business. Plasterboard manufacturing expertise developments, such as lightweight and fire-resistant plasterboard, are opening up new opportunities for manufacturers. As we've explored the highest 20 gypsum board manufacturers, it's evident that each company has made a considerable influence on the global building industry. Through their commitment to innovation, high quality, and sustainability, these plasterboard powerhouses have set the benchmark for excellence of their field. For more specialised forms of drywall, further components or materials are used. Recycling gypsum board not only supports sustainability but in addition reduces disposal prices for gypsum board manufacturers in Dubai. It's important to work with recycling amenities or waste management firms that have the infrastructure to properly process and recycle gypsum board. Many Gypsum Suppliers in GCC are sourcing their raw supplies from our quarries. Supplying plaster of Paris and gypsum powder to various small and large scale initiatives in Dubai, Sharjah and across other emirates in UAE in addition to different GCC regions corresponding to Oman & Qatar. The plasterboard market is anticipated to succeed in USD 25.15 billion by the end of 2023. Whether you need plastering for new construction, renovations, or repairs, our team is equipped to deal with any project with precision and effectivity. Trust our plastering contractors in Dubai to rework your house with flawless plasterwork that enhances the aesthetic appeal and sturdiness of your property. Introducing our skilled plastering services in Dubai, we offer top-notch solutions for all of your plastering needs. Our expert staff of experts is dedicated to delivering high-quality workmanship, ensuring easy and flawless finishes on each project. Whether it’s a residential or business house, our plastering providers are tailored to fulfill your particular requirements. With our attention to detail and dedication to buyer satisfaction, you presumably can belief us to rework your area into a masterpiece. Most of the plasterboard brands obtainable are manufactured all over the world by a handful of multinational firms, so you can be sure of a reliable outcome wherever you use these merchandise. Most boards made by these brands are appropriate for major business or home construction projects, but some are appropriate for specialist use and even DIY projects. Lawsons supply a complete vary of Plasterboards which have been selected to be used by our commerce and retail prospects looking for top quality merchandise. A plasterboard consists of a layer of gypsum sandwiched between layers of paper to kind a rigid board appropriate for plastering onto or direct ornament. Its light-weight nature reduces structural load and eases handling and transportation. The board's easy floor eliminates the necessity for plastering, saving time and labor in building projects. On the basis of type, the tapered-edged phase is projected to grow at the next rate in the forecast period as it is simple and fast to install as compared to the square-edged plasterboard. Developed countries have a better demand for tapered-edged plasterboard compared to that of growing countries. Whether you want one kind of normal board with a sq. edge or 1,000 pieces of specialist plasterboard with a tapered edge reduce - you all the time want a high-quality supplier to ensure you solely get the best. We present a spread of plastering merchandise, cornice compound, stopping compound, joint compound and different products. Besstar Plaster Manufacturing Sdn Bhd has a protracted and proud history of producing and producing the highest quality constructing merchandise for development and inside works. Our partition merchandise make it straightforward to divide and define areas, creating calm semi-enclosed spaces that limit direct air currents and supply tools for consolation, privacy, and safety. These reduce the impact of noise through each their flexible designs and their excessive performance Soft Sound® acoustic material construction. drywall manufacturer present an unparalleled suspended and false ceilings service to our purchasers with a proficient method. We pass all our merchandise from testing and make them based on international requirements. The Hilti Group supplies the worldwide building business with technologically main hardware, consumables, software and providers that present construction professionals with revolutionary solutions and superior added value. Hilti employs 30,000 folks in over 120 countries who passionately create enthusiastic customers and construct a greater future. Gypsemna arrange the primary world scale gypsum plasterboard plant in UAE’s capital city, Mussafah Abu Dhabi.

How To Tackle Software Outsourcing Challenges? Top Strategies for 2024

In today's dynamic business landscape, software development plays a pivotal role in driving innovation and achieving competitive advantage. However, building a robust and feature-rich software solution internally can be resource-intensive and time-consuming. This is where software outsourcing emerges as a strategic option. Partnering with a skilled software development company in Dubai allows businesses to access a wider talent pool, benefit from cost advantages, and accelerate development cycles.

However, outsourcing software development comes with its own set of challenges. Effective communication, project management, and ensuring quality deliverables are all crucial aspects for a successful outsourcing experience. 

Top Challenges in Software Outsourcing

Communication Gaps: Geographical distances, language barriers, and cultural differences can significantly hinder communication. This can lead to misunderstandings, delays, and project deviations.

Scope Creep: Unclear project scope at the outset can lead to feature creep, where additional functionalities are added mid-project, impacting timelines and budgets.

Quality Control:  Maintaining consistent quality standards across geographically dispersed teams can be challenging.

Data Security and Intellectual Property (IP):  Ensuring the security of sensitive data and protecting your intellectual property rights is paramount when outsourcing software development.

Cultural Differences: Working with teams from diverse cultural backgrounds can lead to misunderstandings about work styles, expectations, and communication preferences.

Time Zone Disparity:  Collaborating across time zones can create challenges in scheduling meetings, ensuring real-time communication, and maintaining consistent workflow.

As we navigate 2024, here are the top strategies to tackle these challenges and maximize the benefits of outsourcing your software development project:

1. Define Clear Project Scope and Requirements

The foundation of any successful project, outsourced or not, is a well-defined scope. Before embarking on your outsourcing journey, take time to clearly articulate your project goals, functionalities, and expected outcomes.

Conduct thorough user research: Understand your target audience's needs and pain points. This provides critical insights that guide the development process and ensure the final product resonates with users.

Develop detailed user stories and specifications: Break down your project into smaller, well-defined features. This detailed breakdown aids communication with the outsourcing partner and ensures everyone is on the same page.

Prioritize features and functionalities: Consider the "must-have" features and those that can be added later. This allows for flexibility and ensures core functionalities are delivered within budget and time constraints.

By establishing a clear and detailed project scope upfront, you minimize the risk of misunderstandings, scope creep, and delays throughout the development process.

2. Selecting the Right Outsourcing Partner

Choosing the right outsourcing partner is critical for project success. Here are some key factors to consider:

Technical Expertise: Evaluate the partner's experience in developing similar solutions and their expertise in relevant technologies. Look for a company with a proven track record of delivering high-quality software.

Cultural Compatibility: Consider the cultural differences between your company and the outsourcing partner. Look for a team that understands your communication style and prioritizes open and transparent collaboration.

Communication Channels and Strategies: Establish clear communication channels and define preferred methods of communication (e.g., video calls, project management tools). Ensure time zone differences are factored in for seamless communication flow.

Security and Data Protection: Data security is paramount. Verify the outsourcing partner's security protocols and ensure they comply with relevant data privacy regulations.

3. Effective Communication is Key

Clear and consistent communication is the cornerstone of a successful outsourcing partnership. Here are some strategies to foster effective communication:

Regular Meetings and Progress Reports: Schedule regular meetings to discuss project progress, address challenges, and ensure alignment on project goals. Utilize project management tools to track progress and maintain transparency.

Active Listening: Actively listen to your outsourcing partner's concerns and feedback. This fosters a collaborative environment and allows for proactive problem-solving.

Documentation is Key: Maintain clear and concise documentation, including project requirements, design decisions, and code comments. This facilitates knowledge transfer and ensures smooth development continuity.

By prioritizing open communication throughout the project lifecycle, you can build trust and collaboration, ultimately leading to a more successful outcome.

4. Robust Project Management Practices

Effective project management is vital for keeping your outsourced project on track. Here are some key practices to adopt:

Agile Development Methodologies: Consider adopting agile methodologies like Scrum or Kanban. These approaches promote iterative development cycles, allowing for flexibility and faster adaptation to changing requirements.

Dedicated Project Manager: Assign a dedicated project manager to oversee the communication, workflow, and progress of the outsourced development.

Risk Management Plan: Develop a risk management plan to identify potential challenges and establish mitigation strategies. This proactive approach minimizes disruptions and ensures project success.

By implementing robust project management practices, you can maintain control over the development process, even when working with an overseas team.

5. Quality Assurance (QA) Measures

Maintaining high-quality standards is crucial. Integrate robust quality assurance (QA) measures into your outsourcing strategy:

Define clear QA procedures: Establish well-defined testing procedures that cover functionality, performance, and security aspects of the software.

Regular Testing Throughout Development: Integrate testing throughout the development lifecycle, not just at the end. This allows for early detection and resolution of bugs, minimizing rework and delays.

Third-Party Testing (Optional): Consider engaging an independent QA firm for a comprehensive evaluation of the software's functionality and performance.

By implementing a rigorous QA process, you can ensure your outsourced software meets your quality standards and delivers a positive user experience.

Conclusion

Outsourcing software development can be a strategic option for businesses to access a wider talent pool, benefit from cost advantages, and accelerate development cycles. However, effective communication, project management, and ensuring quality deliverables are crucial aspects of a successful outsourcing experience. Defining a clear project scope and requirements, conducting thorough user research, developing detailed user stories and specifications, prioritizing features and functionalities, and selecting the right outsourcing partner are key factors to consider. Effective project management practices, such as adopting agile methodologies, assigning a dedicated project manager, and developing a risk management plan, are also vital for keeping the outsourced project on track. By implementing these strategies, businesses can maintain control over the development process, even when working with an overseas team. This proactive approach minimizes disruptions and ensures project success. Code Brew Labs is one of the best software development companies in UAE, and offer development services at affordable prices 

Bracing for US sanctions, Russian financier in Budapest was busy securing personal offshore assets, leaked documents reveal

Until April 12, 2023, it looked as though Nikolay Kosov, former chairman of the Russian-dominated International Investment Bank (IIB) in Budapest, had avoided the fate of many other influential and wealthy Russians—i.e. getting sanctioned by the United States. However, he knew that his situation could change at any time and so, late last year, took steps to ensure that he did not lose his accumulated wealth of some £14 million, or almost €16 million.

According to internal bank documents obtained by 24trendnews, Kosov and his family planned to move their assets, held in tax havens in the British Isles, to Dubai in the United Arab Emirates. He and his wife had been corresponding with an investment adviser in Dubai and an accountant in Jersey who had been handling their offshore company affairs for decades. This all happened as Kosov’s workplace, IIB, was already in a critical financial situation and trying to fight bankruptcy.

Since then, events around the bank have accelerated. On April 12, not only Kosov himself but also IIB were placed on a US Treasury sanctions list. The next day, the last European ally of the Russian financial institution, Hungary, announced that it was quitting the bank. Subsequently, IIB decided to leave Hungary and move its headquarters back to Moscow.

The bank has been in a constant state of crisis since Russia’s attack on Ukraine last year, managing both to become undesirable in the West and to some clear support from the Russian state. In this situation, the Hungarian government remained one of the last supporters of the Budapest-based financial institution.

Among these documents were emails and attachments that provided insight into the private assets of Nikolay Kosov and his family. They also show that, during this turbulent period, Kosov lost his job as head of IIB, as he was not re-elected as acting chairman, and that the IIB tried to hide this information from the public.

Kosov may have been using offshore companies since the 1990s. There is evidence of this from years ago: in the offshore leak known as the Panama Papers, 24trendnews found dozens of documents featuring correspondence between Kosov’s family and their accountant. These documents revealed that, around 2015, the family had at least six offshore companies operating, all founded in the 2000s. Through these offshore companies, the Kosovs owned properties, mainly in London. The Jersey accountant whose name appears in the Panama Papers is the same one who helped the Kosovs late last year.

The plans to move the assets to Dubai are probably linked to the change in the geopolitical situation due to the war in Ukraine. Andrea Binder, a German political scientist who studies offshore business, told 24trendnews that Dubai is still doing business with Russian investors who have been excluded from some of the world’s other major financial centers. Moreover, Dubai also offers a safe haven from Western sanctions.

Nikolay Kosov is a prominent member of the Russian financial elite, having served on the boards of several banks, a career path that his son Pavel followed. The family also has a KGB background: Nikolay Kosov’s parents were members of the top elite of Russian intelligence. His father, for example, was a KGB liaison in Budapest in the 1970s. Because of this, Kosov spent his youth in Hungary before returning to Budapest in 2019 as IIB’s chairman of the management board.

Before publishing this article, we sent requests for comment to the IIB, Hungary’s foreign ministry, Nikolay Kosov and Natalya Kosova, the Kosovs’ Jersey accountant, as well as their Dubai-based financial advisors, but none of them replied.

14 million pounds sterling

On 15 December 2022, IIB’s management and Nikolay Kosov, whose term as chairman of the IIB had expired, received really bad news: the director-general of the Belgian Treasury informed them that the funds they had frozen would not be released. He justified this by saying that several members of the IIB’s governing bodies were linked to the Russian government, specifically mentioning the Russian deputy finance minister, who is a member of the bank’s board of governors.

The devastating effects of the decision were detailed in an internal briefing for the bank’s management. It said that in 2022, the IIB had used up almost all its liquidity reserves, so that if it did not have access to funds, the bank would face insolvency or would have to restructure bonds in May 2023. According to the document, the bank was facing a cash shortage so severe that it could not make up for it even by selling the loan portfolio. In the days that followed, bank staff corresponded about what could be done about the situation, including the possibility that the bank would have to leave the EU.

But Nikolay Kosov’s attention was on something else: he was taking steps, with the help of his wife, to move his private assets to Dubai.

This is shown in documents that are among the internal IIB files originating from a 2023 February leak. Among the hundreds of emails and other documents, mainly about the bank’s internal affairs, there are some that do not concern the bank’s business, but rather Nikolay Kosov and his family. The reason for this is presumably that Kosov also used his work email address for this purpose, and his wife forwarded a number of private messages to it.

On December 6, the wife, Natalya Kosova, was already in touch with an investment adviser named Anton Ionov, who was working in the United Arab Emirates and with whom the Kosovs were about to sign a contract. Kosova also sent a draft of this contract to her Swiss lawyer and her Jersey accountant, Jackie Ollerenshaw. The latter made a few comments on the draft, one of which reveals that the family may have owned two Jersey-based trusts and a company registered in the British Virgin Islands.

Other leaked documents suggest that the Kosovs were planning to transfer some or all of their assets to the United Arab Emirates. In a document dated December 27, Kosov declares that his assets were legally acquired and that he qualifies as a so-called politically exposed person (PEP), and also reveals that such a declaration was necessary to set up a Dubai-based foundation called the Froxa Foundation. The text says that the capital of the foundation, which will be registered with the Dubai International Financial Centre (DIFC), will be paid in by Kosov.

Another document, which the file name suggests is dated December 14, 2022, also sheds light on how much money could be involved. This document is a so-called KYC, or “Know Your Client” form, which is designed to help financial service providers find out about their clients’ financial backgrounds to make sure their assets come from clean sources. The form, which is among the leaked documents, says that Natalya Kosova will be the prospective beneficial owner. The scanned, hand-filled document shows that Kosova is a Russian citizen, but also a Swiss resident and has a Swiss tax number. Handwritten notes on the paper also say that the “total asset value [is] approx[imately] £14 million” (almost €16 million). The source of the assets is described as “from existing trust structure in Jersey” and “c.v. of husband enclosed.”

The Dubai-based wealth management firm mentioned in several documents is M/HQ, which, among other things, provides wealth management services for wealthy families and specifically recommends the creation of trusts to manage family assets smoothly, to control inheritance, and to provide asset protection against “creditors, hostile takeovers.”

It is unclear whether the process has come to an end or is still ongoing, but at the time of publishing, there is no record of the Froxa Foundation or any entities in the name of Kosov or his family members in the Dubai company registers.

Unlike the big Western financial centers and Hong Kong or Singapore, Dubai has not yet stopped doing business with the Russians, so it is logical that money from Russian big investors flows there, Andrea Binder, a Berlin-based political scientist and researcher who has studied the offshore world, among other things, told 24trendnews. On the other hand, Kosov could have expected to be subject to sanctions himself sooner or later. As both the British Virgin Islands and Jersey belong to the British Crown, they are not independent of its jurisdiction, Binder explained, adding that Dubai is, so the West’s hand does not reach there as easily.

From earlier investigations, we know that Kosov is no stranger to international investment and has been involved in offshore companies for decades. The huge internal dossier known as the Panama Papers, leaked from the law firm Mossack Fonseca, which set up and ran offshore companies, contains numerous references to Nikolay Kosov. These documents date back to 2015. Some of them contain internal correspondence, and include the name of the same accountant—Jackie Ollerenshaw—who was also one of the Kosovs’ correspondents last December in the leaked IIB documents.

Those older documents from the Panama Papers show, among other things, that in 2015 Kosov had six offshore interests, all registered in the 2000s in the British tax haven of the British Virgin Islands. An email from Jackie Ollerenshaw from that time also shows that the offshore companies owned mainly London properties, one of them being used by the “client family” themselves. Others were occupied by tenants.

And in a 2014 email, the accountant mentioned that financial services firms in Jersey— another tax haven—had been handling Kosov’s offshore affairs since 1994. “At all times we have been happy with the information held for him and at no time have any regulatory issues been raised. He has always had the highest respect from service providers here,” Ollerenshaw wrote.

The exact origin of the Kosov family’s wealth, beyond the fact that senior bank executives are usually well paid, is unclear, but it has been previously revealed that they are indeed wealthy. A tabloid scandal in 2007, for example, gave an insight into this. Nikolay Kosov’s son Pavel was getting married at the time, and performers of his Moscow wedding included Mariah Carey (who has sung at multiple private events for Russian oligarchs) and Hollywood actor Mickey Rourke. However, Rourke drank too much vodka, became aggressive and was thrown out of the wedding party, according to media reports.

Kosov didn’t leave at his own will

At the end of last year, Nikolay Kosov had the headache not only of relocating his offshore assets, but also of losing his senior position at the IIB. His mandate as bank chairman expired on September 17, 2022 and, according to the bank’s official website, no one has taken his place since then. The IIB has not made any public announcement about Kosov’s departure or his successor.

News of Kosov’s disappearance from IIB reached 24trendnews last year, when we asked the bank when and for what reason Kosov left the bank’s leadership. “In accordance with the Statutory Documents of IIB the term of the mandate of the Chairperson of the Management Board ended on September 17, 2022. Appointment of a new Chairperson lies within the responsibilities of the Board of Governors. The Bank shall await a decision on that matter. Until then responsibilities inside IIB are divided between existing members of the Management Board,” the bank wrote in response to our request at the time.

The leaked documents show that there were attempts by IIB’s management to keep Kosov as head of the bank, but these were unsuccessful. Indeed, at last year’s IIB board of governors meeting, Kosov, whose mandate which started in 2012 had expired, was to be re-elected as acting chairman for another two years. However, the proposal was defeated by opposition from Bulgaria, the Czech Republic, Romania and Slovakia, which announced their withdrawal from the bank because of the war in Ukraine.

According to a December 2022 document—minutes of a meeting of the board of governors—Russia, Hungary, Cuba, Mongolia and Vietnam voted in favor of Kosov’s re-election, while the four countries that left voted against it. Although this still gave Kosov 68.5 percent of the vote, the bank’s rules required a three-quarters qualified majority. Kosov’s unsuccessful re-election follows a letter from last September in which Romania formally indicated that it did not want a Russian president at the helm of the bank. “That statement by Romania is racist. They […] are against anyone who has a Russian nationality. I find it utterly disgusting, and unfortunately not surprising,” IIB’s chief financial officer Elliott Auckland commented on Romania’s position.

According to internal emails from September, bank staff then wondered whether they could hide the fact that there was no bank chairman, or if they had to make the news public. According to the correspondence, the bank was aware that this news would have a negative impact on the bank’s financial prospects. “We didn’t just change our CEO but failed to elect a new one,” a senior Russian IIB official wrote. “From the point of view of corporate governance it should be considered as a major event. However, I propose to avoid the announcement of the event, if there are no direct obligations,” wrote another staff member.

“It looks horrible for us. If we don’t have to legally publish, I am against publishing. We will create a media storm most likely, and ratings will come under pressure at a sensitive time. Our task is to not draw attention to ourselves, and quietly manage our problems,” argued Elliott Auckland. One of the bank’s Hungarian managers agreed with him and urged others to remain silent. “If we announce, there will be noise around us again. It is not good for our rating discussion,” he wrote.

A KGB family

According to the leaked files, a formal document was forwarded to Kosov from the bank on November 28, informing him of the cancellation of his powers as bank chairman. Kosov wrote that he needed this to remove himself and his wife from the list of diplomats accredited to Budapest. This list is maintained by the Hungarian Ministry of Foreign Affairs and Trade (MFA) and includes persons with full diplomatic immunity. These are the people who, under the Vienna Convention on Diplomatic Relations, enjoy a number of advantages when traveling, shopping (tax exemption) and, most importantly, have immunity from investigations and criminal proceedings in the host country.

When the IIB’s headquarters relocated from Moscow to Hungary, the biggest controversy was caused by the fact that the Orbán government would have granted the institution and its staff extensive diplomatic immunity. The United States and other NATO allies feared that the IIB’s diplomatic immunity could have been used to allow Russia to deploy intelligence officers in Budapest. 24trendnews has previously revealed that the Orbán government, bowing to US pressure, eventually agreed to a compromise to limit the diplomatic privileges granted to the bank.

No concrete information has been published on the active relationship between the IIB and Russian intelligence, but the institution is often referred to as a “spy bank” in Hungarian and international media. Apart from the controversy surrounding diplomatic immunities, the main reason for this is the family background of Kosov himself: the former bank chairman’s parents were members of the Soviet Union’s intelligence elite and spied, among other places, in the United States. Kosov’s mother, Yelena Kosova, was officially the first female Soviet diplomat at the Soviet mission to the UN in New York—unofficially, she in fact helped steal US nuclear secrets.

Kosov’s father, Nikolay Kosov Sr., worked alongside her as a Soviet newspaper correspondent in New York, but he was in fact a spy too. Later, when the 1956 revolution was crushed, Kosov was part of a KGB task force sent to Hungary. KGB chief Ivan Serov directed agents to Budapest who, because of their previous Western contacts, could be involved in uncovering the alleged Western conspiracy behind the Hungarian revolution. Later, in the 1970s, Kosov Sr. became the KGB’s liaison officer in Budapest, so Kosov Jr. also spent his youth in Hungary.

Nikolay Kosov Jr. later became a diplomat himself in the 1980s at the Soviet Union’s embassy in London, where he worked—and became friends—with Andrey Kostin, who influenced him to switch to banking. As 24trendnews has previously reported, Kostin, a leading figure in the Russian financial elite, became chairman of Vneshekonombank and later VTB Bank (formerly Vneshtorgbank), while maintaining a close working relationship with the Kosov family. In 1998, for example, he took Nikolay Kosov as first vice-president of Vneshekonombank and then, as head of VTB, became the boss of Nikolay Kosov’s son, Pavel Kosov, who also became vice-president.

Pavel Kosov is not on any Western sanctions lists, but, as of October 2022, he is under sanctions by Ukraine’s National Security Council and its anti-corruption authority. Pavel Kosov is under sanctions because of his position as a state official—he is currently CEO of Russian state-owned agricultural lender Rosagroleasing. He was personally received and praised by Vladimir Putin in the Kremlin last June for the work of Rosagroleasing, including how they are helping to replace European imports.

Nikolay Kosov was exempt from Western sanctions until April 12, when the Treasury of the United States placed him on the sanctions list along with the IIB and two of its executives. This means that if the former bank chairman had any movable or real estate property in the US, he would no longer have access to it, nor would he be allowed to do business with US persons or entities.

Kosov was added to the US sanctions list despite the fact that he has not been officially a bank chairman since September last year. But it is not at all clear what his current role is, and internal emails show that he was still using his official bank email address at the end of last year.

Moreover, in the aforementioned document in which Kosov was asked to reply to the Dubai wealth adviser on whether he was a politically exposed person, he made contradictory statements about his own position. In one place, he referred to no longer holding a high position at the IIB, and in the next line he described himself as an active bank chairman.

In addition to Kosov, last Wednesday the IIB was separately placed on the US sanctions list.The decision was announced at a press conference by US Ambassador to Hungary David Pressman, who described the IIB as a tool for Moscow to increase its influence in Hungary and the region.

The day after the announcement, the Hungarian government announced that Hungary would also leave the bank—the last of the EU member states to do so. In response to this, the IIB announced on April 19 that it would leave Budapest and move its headquarters back to Russia, as its operations had become impossible.

Bracing for US sanctions, the Budapest-based, Russian-led International Investment Bank’s (IIB) former head planned to move his offshore assets from tax havens in the British Isles to Dubai.

Until April 12, 2023, it looked as though Nikolay Kosov, former chairman of the Russian-dominated International Investment Bank (IIB) in Budapest, had avoided the fate of many other influential and wealthy Russians—i.e. getting sanctioned by the United States. However, he knew that his situation could change at any time and so, late last year, took steps to ensure that he did not lose his accumulated wealth of some £14 million, or almost €16 million.

According to internal bank documents obtained by Direkt36, Kosov and his family planned to move their assets, held in tax havens in the British Isles, to Dubai in the United Arab Emirates. He and his wife had been corresponding with an investment adviser in Dubai and an accountant in Jersey who had been handling their offshore company affairs for decades. This all happened as Kosov’s workplace, IIB, was already in a critical financial situation and trying to fight bankruptcy.

Since then, events around the bank have accelerated. On April 12, not only Kosov himself but also IIB were placed on a US Treasury sanctions list. The next day, the last European ally of the Russian financial institution, Hungary, announced to quit the bank. Subsequently, IIB decided to leave Hungary and move its headquarters back to Moscow.

The bank has been in a constant state of crisis since Russia’s attack on Ukraine last year, managing both to become undesirable in the West and to some clear support from the Russian state. In this situation, the Hungarian government remained one of the last supporters of the Budapest-based financial institution.

Among these documents were emails and attachments that shed insight into the private assets of Nikolay Kosov and his family. They also show that, during this turbulent period, Kosov lost his job as head of IIB, as he was not re-elected as acting chairman, and that the IIB tried to hide this information from the public.

Kosov may have been using offshore companies since the 1990s. There is evidence of this from years ago: in the offshore leak known as the Panama Papers, Direkt36 found dozens of documents featuring correspondence between Kosov’s family and their accountant. These documents revealed that, around 2015, the family had at least six offshore companies operating, all founded in the 2000s. Through these offshore companies, the Kosovs owned properties, mainly in London. The Jersey accountant whose name appears in the Panama Papers is the same one who helped the Kosovs late last year.

The plans to move the assets to Dubai are probably linked to the change of geopolitical situation due to the war. Andrea Binder, a German political scientist who studies offshore business, told Direkt36 that Dubai is still doing business with Russian investors who have been excluded from some of the world’s other major financial centers. Moreover, Dubai also offers a safe haven from Western sanctions.

Nikolay Kosov is a prominent member of the Russian financial elite, having served on the boards of several banks, a career path that his son Pavel followed. The family also has a KGB background: Nikolay Kosov’s parents were members of the top elite of Russian intelligence. His father, for example, was a KGB liaison in Budapest in the 1970s. Because of this, Kosov spent his youth in Hungary before returning to Budapest in 2019 as IIB’s chairman of the management board.

Before publishing this article, we have sent requests for comment to the IIB, Hungary’s foreign ministry, Nikolay Kosov and Natalya Kosova, the Kosovs’ Jersey accountant, as well as their Dubai-based financial advisors, but none of them replied.

14 million pounds sterling

On 15 December 2022, IIB’s management and Nikolay Kosov, whose term as chairman of the IIB had expired, received really bad news: the director-general of the Belgian Treasury informed them that the funds they had frozen would not be released. He justified this by saying that several members of the IIB’s governing bodies were linked to the Russian government, specifically mentioning the Russian deputy finance minister, who is a member of the bank’s board of governors.

The devastating effects of the decision were detailed in an internal briefing for the bank’s management. It said that, in 2022, the IIB had used up almost all its liquidity reserves, so that if it did not have access to funds, the bank would face insolvency or would have to restructure bonds in May 2023. According to the document, the bank was facing a cash shortage so severe that it could not make up for it even by selling the loan portfolio. In the days that followed, bank staff corresponded about what could be done about the situation, including the possibility that the bank would have to leave the EU.

But Nikolay Kosov’s attention was on something else: he was taking steps, with the help of his wife, to move his private assets to Dubai.

This is shown in documents that are among the internal IIB files originating from a 2023 February leak. Among the hundreds of emails and other documents, mainly about the bank’s internal affairs, there are some that do not concern the bank’s business, but rather Nikolay Kosov and his family. The reason for this is presumably that Kosov also used his work email address for this purpose, and his wife at least forwarded a number of private correspondence to it.

The wife, Natalya Kosova, was on December 6, already in touch with an investment adviser named Anton Ionov, who was working in the United Arab Emirates and with whom the Kosovs were about to sign a contract. Kosova also sent a draft of this contract to her Swiss lawyer and her Jersey accountant, Jackie Ollerenshaw. The latter made a few comments on the draft, one of which reveals that the family may have owned two Jersey-based trusts and a company registered in the British Virgin Islands.

Other leaked documents suggest that the Kosovs were planning to transfer some or all of their assets to the United Arab Emirates. In a document dated December 27, Kosov declares that his assets were legally acquired and that he qualifies as a so-called politically exposed person (PEP), also reveals that such a declaration was necessary to set up a Dubai-based foundation called the Froxa Foundation. The text says that the capital of the foundation, which will be registered with the Dubai International Financial Centre (DIFC), will be paid in by Kosov.

Another document, which the file name suggests is dated December 14, 2022, also sheds light on how much money could be involved. This document is a so-called KYC, or “Know Your Client” form, which is designed to help financial service providers find out about their clients’ financial backgrounds to make sure their assets come from clean sources. The form, which is among the leaked documents, says that Natalya Kosova will be the prospective beneficial owner. The scanned, hand-filled document shows that Kosova is a Russian citizen, but also a Swiss resident and has a Swiss tax number. Handwritten notes on the paper also say that the “total asset value [is] approx[imately] £14 million” (almost €16 million). The source of the assets is described as “from existing trust structure in Jersey” and “c.v. of husband enclosed.”

The Dubai-based wealth management firm mentioned in several documents is M/HQ, which, among other things, provides wealth management services for wealthy families and specifically recommends the creation of trusts to manage family assets smoothly, to control inheritance, and to provide asset protection against “creditors, hostile takeovers.”

It is unclear whether the process has come to an end or is still ongoing, but at the time of publishing, there is no record of the Froxa Foundation or any entities in the name of Kosov or his family members in the Dubai company registers.

Unlike the big Western financial centers and Hong Kong or Singapore, Dubai has not yet stopped doing business with the Russians, so it is logical that money from Russian big investors flows there, Andrea Binder, a Berlin-based political scientist and researcher who has studied the offshore world, among other things, told Direkt36. On the other hand, Kosov could have expected to be subject to sanctions himself sooner or later. As both the British Virgin Islands and Jersey belong to the British Crown, they are not independent of its jurisdiction, Binder explained, adding that Dubai is, so the West’s hand does not reach there as easily.

From earlier investigations, we know that Kosov is no stranger to international investment and has been involved in offshore companies for decades. The huge internal dossier known as the Panama Papers, leaked from the law firm Mossack Fonseca, which set up and ran offshore companies, contains numerous references to Nikolay Kosov. These documents date back to 2015. Some of them contain internal correspondence, and include the name of the same accountant—Jackie Ollerenshaw—who was also one of the Kosovs’s correspondents last December in the leaked IIB documents.

Those older documents from the Panama Papers show, among other things, that in 2015 Kosov had six offshore interests, all registered in the 2000s in the British tax haven of the British Virgin Islands. An email from Jackie Ollerenshaw from that time also shows that the offshore companies owned mainly London properties, one of them being used by the “client family” themselves. Others were occupied by tenants.

And in a 2014 email, the accountant mentioned that financial services firms in Jersey— another tax haven—had been handling Kosov’s offshore affairs since 1994. “At all times we have been happy with the information held for him and at no time have any regulatory issues been raised. He has always had the highest respect from service providers here,” wrote Ollerenshaw.

The exact origin of the Kosov family’s wealth, beyond the fact that senior bank executives are usually well paid, is unclear, but it has been previously revealed that they are indeed wealthy. A tabloid scandal in 2007, for example, gave an insight into this. Nikolay Kosov’s son Pavel was getting married at the time, and performers of his Moscow wedding included Mariah Carey (who has sung at multiple private events for Russian oligarchs) and Hollywood actor Mickey Rourke. However, Rourke drank too much vodka, became aggressive and was thrown out of the wedding party.

Kosov didn’t leave at his own will At the end of last year, Nikolay Kosov had the headache not only of relocating his offshore assets, but also of losing his senior position at IIB. His mandate as bank chairman expired on September 17, 2022 and, according to the bank’s official website, no one has taken his place since then. The IIB has not made any public announcement about Kosov’s departure or his successor.

News of Kosov’s disappearance from IIB reached Direkt36 last year, when we asked the bank when and for what reason Kosov left the bank’s leadership. “In accordance with the Statutory Documents of IIB the term of the mandate of the Chairperson of the Management Board ended on September 17, 2022. Appointment of a new Chairperson lies within the responsibilities of the Board of Governors. The Bank shall await a decision on that matter. Until then responsibilities inside IIB are divided between existing members of the Management Board,” the bank wrote in response to our request at the time.

The leaked documents show that there were attempts by IIB’s management to keep Kosov as head of the bank, but these were unsuccessful. Indeed, at last year’s IIB board of governors meeting, Kosov, whose mandate starting in 2012 had expired, was to be re-elected as acting chairman for another two years. However, the proposal was defeated by opposition from Bulgaria, the Czech Republic, Romania and Slovakia, which announced their withdrawal from the bank because of the war in Ukraine.

According to a December 2022 document—minutes of a meeting of the board of governors—Russia, Hungary, Cuba, Mongolia and Vietnam voted in favor of Kosov’s re-election, while the four countries that left voted against it. Although this still gave Kosov 68.5 percent of the vote, the bank’s rules required a three-quarters qualified majority. Kosov’s unsuccessful re-election follows a letter last September in which Romania formally indicated that it did not want a Russian president at the helm of the bank. “That statement by Romania is racist. They […] are against anyone who has a Russian nationality. I find it utterly disgusting, and unfortunately not surprising,” IIB’s chief financial officer Elliott Auckland commented on Romania’s position.

According to internal emails from September, bank staff then wondered whether they could hide the fact that there was no bank chairman, or if they had to make the news public. According to the correspondence, the bank was aware that this news would have a negative impact on the bank’s financial prospects. “We didn’t just change our CEO but failed to elect a new one,” a senior Russian IIB official wrote. “From the point of view of corporate governance it should be considered as a major event. However, I propose to avoid the announce of the event, if there is no direct obligations,” wrote another staff member.

“It looks horrible for us. If we don’t have to legally publish, I am against publishing. We will create a media storm most likely, and ratings will come under pressure at a sensitive time. Our task is to not draw attention to ourselves, and quietly manage our problems,” argued Elliott Auckland. One of the bank’s Hungarian managers agreed with him and urged others to remain silent. “If we announce, there will be noise around us again. It is not good for our rating discussion,” he wrote.

KGB family According to the leaked files, a formal document was forwarded to Kosov from the bank on November 28, informing him of the cancellation of his powers as bank chairman. Kosov wrote that he needed this to remove himself and his wife from the list of diplomats accredited to Budapest. This list is maintained by the Hungarian Ministry of Foreign Affairs and Trade (MFA) and includes persons with full diplomatic immunity. These are the people who, under the Vienna Convention on Diplomatic Relations, enjoy a number of advantages when traveling, shopping (tax exemption) and, most importantly, have immunity from investigations and criminal proceedings in the host country.

When the IIB’s headquarters relocated from Moscow to Hungary, the biggest controversy was caused by the fact that the Orbán government would have granted the institution and its staff extensive diplomatic immunity. The United States and other NATO allies feared that the IIB’s diplomatic immunity could have been used to allow Russia to deploy intelligence officers in Budapest. Direkt36 has previously revealed that the Orbán government, bowing to US pressure, eventually agreed to a compromise to limit the diplomatic privileges granted to the bank.

No concrete information has been published on the active relationship between the IIB and Russian intelligence, but the institution is often referred to as a “spy bank” in Hungarian and international media. Apart from the controversy surrounding diplomatic immunities, the main reason for this is the family background of Kosov himself: the former bank chairman’s parents were members of the Soviet Union’s intelligence elite and spied, among other places, in the United States. Kosov’s mother, Yelena Kosova, was officially the first female Soviet diplomat at the Soviet mission to the UN in New York—unofficially, she in fact helped steal US nuclear secrets.

Kosov’s father, Nikolay Kosov Sr., worked alongside her as a Soviet newspaper correspondent in New York, but he was in fact a spy too. Later, when the 1956 revolution was crushed, Kosov was part of a KGB task force sent to Hungary. KGB chief Ivan Serov directed agents to Budapest who, because of their previous Western contacts, could be involved in uncovering the alleged Western conspiracy behind the Hungarian revolution. Later, in the 1970s, Kosov Sr. became the KGB’s liaison officer in Budapest, so Kosov Jr. also spent his youth in Hungary.

Nikolay Kosov Jr. later became a diplomat himself in the 1980s at the Soviet Union’s embassy in London, where he worked—and became friends—with Andrey Kostin, who influenced him to switch to banking. As Direkt36 has previously reported, Kostin, a leading figure in the Russian financial elite, became chairman of Vneshekonombank and later VTB Bank (formerly Vneshtorgbank), while maintaining a close working relationship with the Kosov family. In 1998, for example, he took Nikolay Kosov as first vice-president of Vneshekonombank and then, as head of VTB, became the boss of Nikolay Kosov’s son, Pavel Kosov, who also became vice-president.

Pavel Kosov is not on any Western sanctions lists, but, as of October 2022, he is under sanctions by Ukraine’s National Security Council and its anti-corruption authority. Pavel Kosov is under sanctions because of his position as a state official—he is currently CEO of Russian state-owned agricultural lender Rosagroleasing. He was personally received and praised by Vladimir Putin in the Kremlin last June for the work of Rosagroleasing, including how they are helping to replace European imports.

Nikolay Kosov was exempt from Western sanctions until April 12, when the Treasury of the United States placed him on the sanctions list along with the IIB and two of its executives. This means that if the former bank chairman had any movable or real estate property in the US, he would no longer have access to it, nor would he be allowed to do business with US persons or entities.

Kosov was added to the US sanctions list despite the fact that he has not been officially a bank chairman since September last year. But it is not at all clear what his current role is, and internal emails show that he was still using his official bank email address at the end of last year.

Moreover, in the aforementioned document in which Kosov was asked to reply to the Dubai wealth adviser on whether he was a politically exposed person, he made contradictory statements about his own position. In one place, he referred to no longer holding a high position at the IIB, and in the next line he described himself as an active bank chairman.

In addition to Kosov, last Wednesday the IIB was separately placed on the US sanctions list. The decision was announced at a press conference by US Ambassador to Hungary David Pressman, who described the IIB as a tool for Moscow to increase its influence in Hungary and the region.

The day after the announcement, the Hungarian government announced that Hungary would also leave the bank—the last of the EU member states to do so. In response to this, the IIB announced on April 19 that it would leave Budapest and move its headquarters back to Russia, as its operations had become impossible.

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Property management software adapts to your growing commercial property portfolio. With a centralized and well-organized structure, the program can manage a growing number of properties, tenants, and leases.

conclusion:

DoFort Property management software is a strong tool that helps commercial property owners and managers streamline operations, improve financial performance, and foster excellent tenant relationships. Property management software enables your commercial property assets to reach their full potential by automating laborious operations, delivering data-driven insights, and fostering seamless communication.

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Top Landscapers in Dubai

<h3><strong>Landscaping in Dubai</strong></h3> <p align="justify">Beautify your gardens with Green Creation Landscaping Installation services in Dubai, UAE. We specialize in Landscape Design, Stonework, Tree Installation, and Maintenance. With over a decade of hands-on field experience, we offer a fresh and interesting approach to landscape design in Dubai. Our extensive experience in the field gives us the insight to create the landscape of your dreams. Green Creation expert will first meet with you to discuss the needs and wants of your outdoor space. After meeting and creating a design, we will present our ideas to you. The reward for our hard work! We love to impress our clients with our creative, unique, and artistic designs! We strive to use your thoughts and ideas and combine them with our design expertise and construction knowledge to present the best possible plan for your property. We want our clients to feel connected and invested in their green space. To achieve this, we make sure to personalize the landscape design for each of our clients, matching their personal style and spirit, and producing unique gardens of their dreams.<br><br>

Green Creation is a team of highly experienced, comprehensive landscaping experts who provide every aspect of landscaping including design, construction, installation, and maintenance works for residential, commercial, and public properties in Dubai, UAE. With over 14 years of extensive expertise, we are masters in bespoke design, paving, block paving, driveways, groundworks, and all other landscaping services. Green Creation strives for continuous growth and improvement, relishing any chance to explore the latest developments in landscape design and materials throughout Dubai and other emirates. We are very passionate about landscaping, and we understand the potential value added to properties and the importance our clients place on their outdoor areas. We care about our clients and we love delivering impressive, unique landscaping works that create harmonious and pleasant spaces for friends, family, and large businesses. Therefore, we hire only the best professionals in the landscaping trade.

Landscape Design in Dubai

Green Creation Landscape Design specializes in creating and transforming your outdoor space, making sure we work closely to meet your needs and maximize your budget. We take pride in going the extra mile and ensuring each job is done professionally, within budget, and on schedule. Innovative landscape design for Dubai gardens, terraces, courtyards, and rooftops. We design install and maintain gardens in Dubai and all of UAE for private residences, hospitals, hotels, parks, and offices. Let us bring a touch of nature to your urban outdoor and indoor space. At Green Creation, we offer the advantage of working with one team from the conception to the completion of your project. We will guild you through the design process, plan the installation of the project, and install every detail of the design. This allows our team of designers, craftsmen, and professional gardeners the ability to work together bringing creativity, quality, and precision to all phases of your project.

Our techniques vary from others, and that's the main reason we are the leading landscaping company in Dubai, UAE. From the initial concept through to the final design and installation, we are on hand every step of the journey to ensure that we always exceed your expectations. Green Creation is a team of friendly management and staff, who always work to an affordable budget and our design team can source a wide range of materials and products to realize your project's vision. So whether you're preparing to embark on an ambitious new project or just looking to repair/renovate your existing landscape, you're in safe hands with Green Creation Landscaping.

Landscape Maintenance in Dubai

Green Creation Landscaping Dubai Specialists in commercial grounds maintenance, residential garden maintenance, school landscaping & ground maintenance, garden landscaping, and artificial grass installation, in Dubai and UAE. All our clients benefit from a superior level of service, reliability, peace of mind, and hassle-free grounds maintenance for commercial and residential clients. We can also offer a complete landscaping service from design to completion, taking care of everything. We provide year-round professional grounds maintenance and landscaping services to both large and small commercial clients. Our team comes to your place at a time that is convenient to you and performs the required work most efficiently.

As a leading landscape maintenance company in Dubai, Green Creation is committed to developing sustainable, long-lasting relationships with our customers and clients alike. We achieve this by working in close collaboration with our customers to deliver high-quality, value-for-money landscape maintenance all year around. With over 14 years of experience delivering these dedicated and customized services, we truly understand our customers' needs and requirements and how best to deliver these successfully. We have tailored plans to suit the specifications of your property, identifying the spaces that need to be highly maintained for access or appearance, and where nature can be allowed to thrive more freely. Our dedicated team can service your property anywhere in Dubai, or other emirates. We strive to enhance the biodiversity potential of the grounds we care for, creating a better Dubai for future generation. With our expertise and dedication, we can help you create a more sustainable landscape that benefits both your business and the beautiful city of Dubai.

Top Real Estate Company in Abu Dhabi | Biggest Real Estate Companies In Abu Dhabi

Top real estate companies in Abu Dhabi were established in 2014. As the best real estate companies in UAE, Abu Dhabi, and Dubai we specialize in property management and apartment for-sale services.

Luxury real estate in dubai and how we invest in

Dubai is renowned for its luxurious real estate offerings and attracts investors from around the world. Investing in luxury real estate in Dubai can be a lucrative opportunity, but it's essential to understand the market and the investment process. Here's a guide on luxury real estate investment in Dubai:

1. Market Overview: Dubai's real estate market offers a diverse range of luxury properties, including high-end villas, penthouses, and luxury apartments. Areas such as Palm Jumeirah, Downtown Dubai, Emirates Hills, and Dubai Marina are popular for luxury real estate.

read more: Luxury real estate companies in Dubai

2. Research and Due Diligence: Conduct thorough research on the Dubai real estate market, including current trends, property prices, rental yields, and market forecasts. Understand the legal framework, property regulations, and any restrictions on foreign ownership.

read more: Property in Dubai for purchase

3. Engage a Professional: Consider hiring a reputable real estate agent or a property consultant who specializes in luxury properties. They can provide valuable insights, assist in property search, negotiate deals, and handle legal formalities.

read more: The best way to invest in real estate in Dubai

4. Financing: Determine your budget and explore financing options. Local and international banks in Dubai offer mortgage facilities to eligible investors. Ensure you have a clear understanding of the terms, interest rates, and repayment options.

read more:Smart property investment Dubai

5. Property Selection: Identify the type of luxury property that aligns with your investment goals. Consider factors such as location, amenities, views, proximity to key attractions, and potential for capital appreciation.

read more: Top real estate investment firms

6. Legal Procedures: Once you've found a property, engage a lawyer specializing in real estate to review all legal documents, contracts, and agreements. Ensure the property has a clear title and verify all necessary permits and approvals.

7. Developer Reputation: If you're investing in off-plan properties, research the developer's reputation, track record, and delivery history. Evaluate their previous projects and their financial stability to mitigate risks.

8. Return on Investment: Luxury properties in Dubai can offer attractive rental yields and potential capital appreciation. Consider the current rental market, occupancy rates, and expected rental income. Calculate potential returns on investment and evaluate the long-term prospects.

9. Property Management: If you're not residing in Dubai, consider hiring a professional property management company to handle tenant management, maintenance, and other property-related responsibilities.

10. Diversify Your Portfolio: Consider diversifying your real estate investment portfolio by exploring different types of luxury properties in various locations. This strategy can help mitigate risks and provide a balanced investment approach.

Remember, the real estate market can be subject to fluctuations, so it's crucial to regularly monitor market conditions and seek professional advice when needed.