Improving financial inclusion for SMEs could boost annual economic growth by 1% per year, and also lead to a potential 16 million jobs by 2025 in the Middle East and Central Asia regions.
Our challenges here relate largely to the barriers created by existing banking systems, which will take time to overcome, and regulatory challenges that regulators across the region are already working hard to rectify.
By giving people access to their earned income (both salary and commissions), and potentially giving them access to pensions or end of service funds whenever needed, we could create a knock-on effect that could transform the local and global economy.
Invest wisely, ensuring that we are not lulling people –investors and employees– into a false sense of security on where they are investing their money and time.
Allied Investment Partners, a partnership between Al Hail Holding and Future Capital, is raising an AED5 billion fund to invest in products that straddle across the risk spectrum.
Founded by Elie Haber, Johnny Khazzoum, and Tony Abou Mrad in January 2019, Food To Go offers technology-driven restaurant operations to franchisers and food outlets, helping them sustain quality amid today's increasing restaurant operational costs.
The future of payments and digital innovation depends on the ability to collaborate with traditional and new players in the banking and payments sector to solve real consumer and merchant needs.
As customer expectations rise –fuelled by the ever-improving user experience of digital services– their patience falls, meaning banks are constantly having to race to keep up.
Today's tech-savvy millennials, who have information at their fingertips, have underlined the need for a new business model that the property sector cannot ignore.
Entrepreneurs in the UAE highlight banking services, and in particular the obstacles to opening a bank account, as their number 1 challenge according to entrepreneurship advocacy white paper released by Dubai Chamber and Roland Berger in 2018.