Tag: Finance

Abu Dhabi Fund for Development and IFC sign a Cooperation Framework to finance sustainable private sector projects

AETOSWire
Abu Dhabi Fund for Development and IFC sign a Cooperation Framework to finance sustainable private sector projects

Abu Dhabi, United Arab Emirates — Abu Dhabi Fund for Development (ADFD) and the International Finance Corporation (IFC), a member of the World Bank Group, signed a Memorandum of Cooperation during the World Government Summit to support investments in emerging markets related to the clean energy transition, climate mitigation and adaptation, the adoption of clean technologies, and food security amongst others. The cooperation framework aims to strengthen the strategic collaboration between the two organizations in several key areas, including through co-investing of up to AED5.5 billion (US$1.5 billion) to private…

. 

Sharjah Finance Department honours 36 winners in the fifth round of the Financial Performance Excellence Award

AETOSWire
Sharjah Finance Department honours 36 winners in the fifth round of the Financial Performance Excellence Award

Sharjah, United Arab Emirates — His Excellency Sheikh Mohammed bin Saud Al Qasimi, Chairman of Sharjah Finance Department (SFD), witnessed the honouring ceremony for the winners of the fifth round of the distinguished Financial Performance Excellence Award, organized by the SFD to promote a culture of excellence in government financial performance. The awards follow the requirements of the Sharjah government in developing the financial system and honouring distinguished institutions and individuals within finance in governmental, independent, and Emiri agencies and trainees for their efforts in improving resource management and preserving…

. 

UAE fintech firm Qashio and global accounting firm Crowe host roundtable on UAE Corporate Tax for F&B finance leaders

DGN
  كاشيو وكراو تستضيفان مائدة مستديرة تجمع قيادات الإدارات المالية في قطاع المأكولات والمشروبات

Dubai, UAE, 3 February, 2023 – UAE-headquartered fintech business, Qashio, in collaboration with Crowe, a global public accounting, consulting, and technology firm, recently hosted a roundtable to discuss the implications of the introduction of Corporate Tax for finance leaders from the F&B industry. The event highlighted how the implementation of Corporate Tax will affect the UAE restaurant industry and what restaurant operators can do to ensure their compliance. The event was attended by 50+ influential senior finance leaders from various restaurant groups and chains, including CFOs and finance managers of…

UAE fintech firm Qashio and global accounting firm Crowe host roundtable on UAE Corporate Tax for F&B finance leaders

DGN
UAE fintech firm Qashio and global accounting firm Crowe host roundtable on UAE Corporate Tax for F&B finance leaders

Dubai, UAE, 01 February, 2023 – UAE-headquartered fintech business, Qashio, in collaboration with Crowe, a global public accounting, consulting, and technology firm, recently hosted a roundtable to discuss the implications of the introduction of Corporate Tax for finance leaders from the F&B industry. The event highlighted how the implementation of Corporate Tax will affect the UAE restaurant industry and what restaurant operators can do to ensure their compliance. The event was attended by 50+ influential senior finance leaders from various restaurant groups and chains, including CFOs and finance managers of…

WEF: Importance of compliant solutions takes centrestage in discussion on financial inclusion.

AETOSWire
WEF: Importance of compliant solutions takes centrestage in discussion on financial inclusion.

Davos, Switzerland, January 20, 2023: As the world’s leaders, social scientists and business community converge on this year’s World Economic Forum (WEF) Annual Meeting, the key theme of ‘Cooperation in a fragmented world’, has resonated with stakeholders of MENA’s financial services sector. UAE based LuLu Financial Holdings and Eastnets organized a special event around the role of fully compliant technologies in achieving financial inclusion. Mr. Adeeb Ahamed, Managing Director of LuLu Financial Holdings, said that co-opetition, or competition through collaboration requires the collective action of all stakeholders, including governments, fintechs…

. 

The Sharjah Award for Public Finance holds an introductory symposium on its categories and criteria in the Arab Republic of Egypt

AETOSWire
The Sharjah Award for Public Finance holds an introductory symposium on its categories and criteria in the Arab Republic of Egypt

Sharjah, United Arab Emirates: Sharjah Finance Department (SFD) concluded an introductory seminar in the Arab Republic of Egypt on the second cycle of the Sharjah Award for Public Finance.  The seminar was part of a series of second-phase meetings scheduled to conclude at the end of January 2023. Distinguished representatives of government agencies and sectors in Egypt The symposium was sponsored by His Excellency Dr Mohamed Maait, Minister of Finance of the Arab Egyptian public, and was attended by Dr Ahmed Kajouk, Deputy Minister of Finance for Financial Policies and…

Xrp Classic Promotes Eco-friendly Regenerative Finance Using Blockchain

AETOSWire

DUBAI — Created as a carbon-free, eco-friendly regenerative finance (ReFi) blockchain, Xrp Classic has completed its Fair Launch in December 2022. Xrp Classic was successfully listed on Coinsbit within 48 hours of the launch, and then on P2PB2B cryptocurrency exchange platform in the days that followed. Combining both positive and negative externalities while protecting users, ReFi embodies a stable and regenerative approach to navigating the financial system which aims to democratize access to financial services. Decentralized ReFi supports the transition to a financial system in which solutions to systemic problems…

. 

Xrp Classic Promotes Eco-friendly Regenerative Finance Using Blockchain

AETOSWire
Xrp Classic Promotes Eco-friendly Regenerative Finance Using Blockchain

DUBAI — Created as a carbon-free, eco-friendly regenerative finance (ReFi) blockchain, Xrp Classic has completed its Fair Launch in December 2022. Xrp Classic was successfully listed on Coinsbit within 48 hours of the launch, and then on P2PB2B cryptocurrency exchange platform in the days that followed. Combining both positive and negative externalities while protecting users, ReFi embodies a stable and regenerative approach to navigating the financial system which aims to democratize access to financial services. Decentralized ReFi supports the transition to a financial system in which solutions to systemic problems…

. 

Tradewind Finance contributes to Goumbook’s “Give a Ghaf” program with Ghaf Tree plantation at Al Khazzan Park in Dubai.

AETOSWire

DUBAI, United Arab Emirates — With an aim to support the larger sustainability goals planned by the UAE government and the United Nations, Tradewind Finance contributed by planting Ghaf tree seedlings at the Al Khazzan Park in Dubai. The event was a collaborative effort by Sesam Immigration’s “Green Start” Initiative and Goumbook’s “Give-a-Ghaf” program. Tradewind Finance planted five seedlings each for every client onboarded globally in 2022 to make a worthy contribution of 500 Ghaf tree seedlings. Staying ahead of the curve in driving sustainable initiatives, the organization believes in…

Tradewind Finance Increases Facility Line for Growing Leather Handbag Manufacturer in India

AETOSWire

Dubai, United Arab Emirates — Leather is proving its staying power. According to an industry report, leather goods are estimated to grow from a 2021 figure of USD 419.5 billion to USD 720.8 billion in 2030. As an alternative lender, Tradewind Finance is heeding this trend and supporting growth in the industry by increasing their facility lines when needed. One of Tradewind Finance’s clients, a leather handbag and accessories manufacturer from Kolkata, India, was experiencing this growth momentum first-hand. As the manufacturer’s orders increased, Tradewind Finance scaled up the facility…

.