Saturday 24 July 2021

UK’s Napier sets up new Mideast office at DIFC

London-based Napier, a leading provider of advanced anti-financial crime compliance solutions, has opened a new office at Dubai International Financial Centre (DIFC), a global financial centre and FinTech hub in the MEASA region. Located in the recently inaugurated Innovation Hub


Global startup funding spikes 157% in Q2

The global startup funding has skyrocketed in recent quarters hitting new historical levels despite the economic effects of the coronavirus pandemic. The recent funding shows that the sector has recovered from the health crisis.   According to data acquired by


British Arab Commercial Bank announces major appointments

British Arab Commercial Bank (BACB), the international wholesale bank dedicated to specialist markets, has announced a series of key appointments to strengthen the bank’s leadership.    These appointments, that follow the naming of Eddie Norton to the


Vaccine inequity weakening global economic recovery: WHO

Covid-19 vaccine inequity will have a lasting and profound impact on socio-economic recovery in low- and lower-middle income countries without urgent action to boost supply and assure equitable access for every country, including through dose sharing, a report said. An accelerati


Global startup funding spikes 157% in Q2; tops $150bn

The global startup funding spiked 157% between the second-quarter (Q2) of 2020 and Q2 2021 from $60.7 billion to a record $156.2 billion, according to data acquired by Finbold,  a leading provider of the latest finance news. During the first half of 2021, the funding stood a


Hugh Fraser signs new legal alliances in UAE, Saudi Arabia

Hugh Fraser International (HFI), a specialist professional services firm, has announced the signing of four new legal alliances in key growth markets for HFI including one in Saudi Arabia.   Al Suweikat and Al Busaies Law Office in Al Khobar will support HFI cli


New unicorns spike 491% to 136 in Q2, says report

The number of new global unicorns has spiked 491% between the second-quarter (Q2) of 2020 and Q2 2021 from 23 to a staggering 136, said Finbold, a leading provider of the latest finance news, in a new report. The rate of companies attaining unicorn status in recent months has acc


KPMG holds tax and VAT awareness seminar

KPMG in Bahrain recently hosted a Tax and VAT awareness seminar to discuss the key learnings and what to expect going forward as the kingdom approaches the 1,000 days milestone since the introduction of VAT.    The event was attended by more than 120 repres


Bahrain EDB wins global recognition for resilience against Covid

Bahrain's Economic Development Board (EDB), the kingdom’s investment Promotion Agency (IPA), was recognised by the international economic development organisation OCO Global for its resilience in responding to the challenges posed by the Covid-19 pandemic, ranking 6th top global IPA


Batelco establishes presence in fintech space

Batelco has announced its entry into the world of fintech by establishing a new licensed company, Batelco Financial Services, making it the first telecom company in the GCC to receive licences for Open Banking.    The company obtained the necessary licences

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