Business News
UAE Federal Tax Authority Clarifies Penalties for Unpaid Corporate Taxes
Failing to pay the due corporate tax for each month or part thereof shall be subject to a monthly penalty of 14% per annum.
Finance | Page 4
Business News
EFG Hermes Completes Advisory on Talabat’s USD$2 Billion IPO and LuLu Retail’s USD$ 1.7 Billion IPO
The IPOs of Talabat and LuLu Retail bring EFG Hermes' total GCC IPO count to nine this year, including three IPOs on the Dubai Financial Market (DFM) and two on the Abu Dhabi Stock Exchange (ADX).
Business News
UAE SMEs Must Embrace These Four Payment Trends for Future Success
Whether we are looking at digital wallets or AI-powered fraud detection, technological advancements are swiftly reshaping the world of payments, and those that embrace these new technologies with flexibility will be the winners of tomorrow.
By Peter George
Business News
“We Got Funded!” KSA-Based Lean Technologies’ US$67.5 Million Series B Round Marks Silicon Valley-based General Catalyst’s Debut Investment in the Kingdom
"By expanding access to financial data and offering seamless payment solutions, we're fostering a more inclusive financial landscape across the region."
Business News
How SMEs Are Driving A Fintech Revolution Across The MENA Region
In just a little over a decade, fintech has advanced so rapidly that our current digital payment landscape would have been almost unimaginable not too long ago.
Business News
Creating Pathways: How A Chief Financial Officer Can Also Be A Strategic Partner
Today's CFOs do far more than just balance the books.
Business News
Saudi Arabia’s National Payments Scheme mada and Seamless Saudi Arabia Partner for Seamless Saudi Arabia 2024, Taking Place in Riyadh on October 22-24, 2024
Business leaders, innovators, and entrepreneurs from across the globe will gather to discuss market disruptors and technologies shaping the world of digital commerce.
Business News
Bank Of Sharjah Becomes Joint Lead Manager In US$750 Million Sukuk Issuance For The Government Of Sharjah
"This issuance not only supports Sharjah's ambitious infrastructure projects but also showcases our dedication to providing innovative financing solutions that align with the needs of our clients and investors."
Business News
Paymob Extends Its Series B To US$72 Million With The Investments Of EBRD Venture Capital And Endeavor Catalyst
The extension round follows Paymob's continued profitability in its core market of Egypt having recorded six times revenue growth since the initial Series B funding in Q2 2022.
Business News
Global Crypto Exchange M2 Joins Phoenix Group And Cypher Capital As Lead Investors In Dubai-Based Social Monetization Platform Lyvely
Founded by tech entrepreneurs Farah Zafar and Dave Catudal, Lyvely stands out for its hybrid approach to disrupting socialfi.
Business News
ADX-Listed Phoenix Group PLC And Global Crypto Giant Tether Set To Create UAE Dirham-Pegged Stablecoin
By mirroring the value of the UAE dirham, which is amongst the world's most stable currencies, this stablecoin aims to bridge the gap between traditional finance and the digital economy.
Business News
Blockchain Life 2024 Reveals Speakers For The 13th Edition Of The Event Happening In Dubai On October 22-23, 2024
Blockchain Life 2024 will feature a diverse range of panel discussions, keynote presentations, and the largest crypto expo with over 200 booths.
Business News
Strategic Unprofitability: Understanding How Long Your Business Can Be In The Red For
Knowing the difference between acceptable unprofitability and genuine financial trouble is crucial for investors and entrepreneurs alike.
By Anisha Sagar
Business News
“We Got Funded!” Dubai-Based Fintech Startup Mamo Raises A US$3.4 Million Funding Round
The newly raised capital will be allocated to expand Mamo's product offering within the UAE and support testing its product lines in Saudi Arabia.
Business News
24 Fintech, Which Takes Place In Riyadh From September 3-5, 2024, Set To Shed A Spotlight On Saudi Arabia’s Global Fintech Ambitions
24 Fintech has a singular objective at its crux: to become the most influential and impactful fintech business event, platform, and community across Asia, Europe, and MENA.
Business News
Driving Growth: Why Your Company Needs A Fractional CFO
Unlike their full-time counterparts, fractional CFOs offer tailored expertise on a part-time basis, providing strategic financial guidance without the burden of a long-term commitment or the hefty price tag of a full-time executive.
Business News
Through Its Investments In Fintech Innovation And Financial Inclusion, Nclude Is Driving Egypt’s Digital Transformation
Nclude has funded startups across fintech such as Paymob, Khazna, Lucky, and FlapKap, and it also has done investments in proptech, healthtech, foodtech, and agritech.
Business News
Egypt’s Most Active Investors: Here Are The Global, Regional, And Local Players Fueling the Country’s Startup Ecosystem
Egypt's investor landscape has a fair mix of local, regional, and international investors ploughing funds into the ecosystem.
By Ashok Raman
Business News
Propelled By Growth: Leo Capital Founder And Managing Partner Rajul Garg
Leo Capital has a unique focus- it aims to help companies access affordable and specialized talent in India, and also to enter the US market.
By Tamara Pupic
Business News
The Road To Successful Exits In Saudi Arabia: Lessons From Impact46’s Investment Strategy
As a leading VC firm in Saudi Arabia, Impact46 has proudly backed startups on their path to the stock market, which is a milestone that presents itself as a celebration of the company's growth and legitimization of its sustainability.
Business News
Profitability Creates Optionality: Property Finder Founder And CEO Michael Lahyani
With the journey their enterprises were on together coming to an end, Lahyani reflects on the successful founder-investor relationship he had with BECO Capital founder and CEO Dany Farha.
By Tamara Pupic
Business News
Shaping The Future Of Finance: Dubai Fintech Summit 2024
The second edition of Dubai Fintech Summit reaffirms the Emirate's aspirations to become a global fintech hub.
By Mina Vucic
Business News
Cairo-Headquartered Beltone Holding Achieves Net Profit Of EGP514 Million In Q1 Of 2024
The company's consolidated financial and operational results for the period ending March 31, 2024 revealed remarkable growth.
Business News
Forging Ahead: How The Middle East Has Become A Driving Force In The Global Fintech Landscape
By continuously refining their regulatory frameworks and embracing emerging technologies, Middle Eastern countries are poised to lead the next wave of fintech innovation, contributing to global financial stability and economic growth.
Business News
Unveiling The Secrets Of Silicon Valley: A Playbook For Cultivating Vibrant Venture Ecosystems Worldwide
Delve into the historical elements that have propelled Silicon Valley to the forefront of global innovation, and uncover invaluable insights for cultivating thriving venture ecosystems worldwide.
Business News
Cairo-Headquartered Fintech Valu Launches Ulter, A Payment Program For Luxury Purchases
Ulter has the highest credit limit in the country, and offers flexible repayment plans spanning up to 60 months with no down payment, subject to the financed amount.
Business News
How The Right CFO Can Help Scale Middle East Startups For Success
The CFO role will be critical to empower Middle East startups with full functional leadership that not only ensures an effective finance function, but scales the business in a region that is ready to reward success.
By Tom Clarke