Finance World Magazine| Edition: March 2024
This month’s edition of the Finance World Magazine focuses on the intricate world of tax and accountancy in the UAE, exploring its profound economic implications. The focus is on understanding how the introduction of corporate tax in the UAE has shaped the business landscape, with a spotlight on its influence across various sectors such as real estate, tourism, and sports. The cover story unveils leading tax and accountancy firms in the UAE, providing insights into their pivotal role amid the implementation of Corporate Tax. Between the pages is an exclusive interview with Nirav Shah, Director at FAME Advisory, who shares valuable insights into the essential skill set required to navigate the challenges and opportunities for businesses in the UAE within this new tax framework. The magazine features articles that explain the significant role of accountancy in facilitating smooth mergers and acquisitions, as well as effective personal finance management. Additionally, the article, "Investment Fund Taxation and the Path to Corporate Tax Exemption in the UAE," serves as an ultimate guide to understanding Investment Fund Tax Exemptions in the region. In alignment with emerging global trends, we bring you an exclusive interview with Malak Fouad, the Creator and host of the 'What I Did Next' podcast and Founder of A&T Media. She shares her journey in establishing the podcast and provides a unique perspective on working with a diverse group of intellectuals. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
This month’s edition of the Finance World Magazine focuses on the intricate world of tax and accountancy in the UAE, exploring its profound economic implications. The focus is on understanding how the introduction of corporate tax in the UAE has shaped the business landscape, with a spotlight on its influence across various sectors such as real estate, tourism, and sports.
The cover story unveils leading tax and accountancy firms in the UAE, providing insights into their pivotal role amid the implementation of Corporate Tax. Between the pages is an exclusive interview with Nirav Shah, Director at FAME Advisory, who shares valuable insights into the essential skill set required to navigate the challenges and opportunities for businesses in the UAE within this new tax framework.
The magazine features articles that explain the significant role of accountancy in facilitating smooth mergers and acquisitions, as well as effective personal finance management. Additionally, the article, "Investment Fund Taxation and the Path to Corporate Tax Exemption in the UAE," serves as an ultimate guide to understanding Investment Fund Tax Exemptions in the region.
In alignment with emerging global trends, we bring you an exclusive interview with Malak Fouad, the Creator and host of the 'What I Did Next' podcast and Founder of A&T Media. She shares her journey in establishing the podcast and provides a unique perspective on working with a diverse group of intellectuals.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Sahm Capital Joins MENA<br />
Fintech Association<br />
Botim: First Fintech to Provide CBUAE’s Aani<br />
Solution Through Al Etihad Payments<br />
The MENA Fintech Association<br />
proudly welcomes Sahm Capital<br />
Financial Company (formerly<br />
VCFC) as its newest partner. As a leading<br />
brokerage firm licensed by the Saudi<br />
Capital Market Authority, Sahm Capital<br />
is dedicated to delivering seamless and<br />
tailored investing experiences to Saudi<br />
users. The MENA Fintech Association,<br />
recognised globally as a top fintech body,<br />
has been a driving force in fostering<br />
collaboration and innovation within<br />
the industry since its establishment<br />
in 2018. Sahm Capital’s commitment<br />
to simplifying investing aligns with<br />
the association’s mission, and their<br />
proprietary online trading app, Sahm,<br />
launched in December 2023, offers a<br />
unique platform for users to trade in<br />
both Saudi and US markets, including<br />
Shariah-compliant stocks and US stock<br />
ETFs with Arabic themes.<br />
Astra Tech, the leading consumer<br />
technology holding group in<br />
the MENA region, is partnering<br />
with Al Etihad Payments (AEP), a<br />
subsidiary of the Central Bank of the<br />
UAE (CBUAE), to introduce Aani—an<br />
advanced instant payment platform.<br />
Aani, operated by Al Etihad Payments,<br />
facilitates 24/7 secure and seamless<br />
digital payments, revolutionising the<br />
sector. Enabling instant fund transfers<br />
through mobile numbers, emails, or QR<br />
codes, eliminates the complexity of<br />
IBANs. This groundbreaking solution<br />
is integrated into the PayBy-powered<br />
Botim app, making it the first fintech<br />
platform to offer AEP’s Aani solution.<br />
Aani sets a new industry standard<br />
with full interoperability across all<br />
payment services, contributing to the<br />
UAE’s cashless economy initiatives<br />
and driving financial inclusion.<br />
SingleView Receives Prestigious Award for<br />
Innovation in Saudi Arabia’s Open Banking<br />
Nuqi Digital Wealth<br />
Secures DFSA Licence<br />
SingleView, a groundbreaking<br />
fintech company based in Saudi<br />
Arabia, was recognised as “The<br />
Most Innovative Open Banking Solution<br />
Provider in Saudi Arabia” at the<br />
11th International <strong>Finance</strong> Ceremony<br />
in Dubai. This prestigious award underscores<br />
SingleView’s exceptional<br />
contributions to Financial Technology<br />
solutions, particularly in the realm<br />
of Open Banking. Nominated by a<br />
specialised research team, the company’s<br />
leadership in this sector reflects<br />
a commitment to innovation and<br />
delivering user-friendly services. Abdulrhman<br />
Alarifi, CEO of SingleView,<br />
expressed pride in the achievement,<br />
emphasising the company’s dedication<br />
to enhancing services and meeting<br />
customer aspirations. The International<br />
<strong>Finance</strong> Award, renowned for<br />
acknowledging impactful contributions<br />
to the financial sector, further<br />
validates SingleView’s commitment<br />
to success and expansion in regional<br />
and global markets.<br />
Nuqi Digital Wealth UAE, a prominent<br />
fintech firm, has secured<br />
the Dubai Financial Services<br />
Authority (DFSA) licence in the UAE,<br />
marking a significant milestone in its<br />
commitment to ethical and sustainable<br />
investing. Following the Securities and<br />
Exchange Board (SEBI) licence for<br />
operations in India, this achievement<br />
reinforces Nuqi Digital Wealth UAE’s<br />
position as a responsible financial advisory<br />
firm. Imran Farooqui, Founder<br />
and CEO, emphasises catering to the<br />
modern investor’s desire for transparency,<br />
impact, and ethical alignment.<br />
Shremohan Chauhaan, Co-founder<br />
and COO, highlights their commitment<br />
to shaping a future where ethics and<br />
sustainability drive financial success.<br />
The upcoming launch of their Wealth<br />
Advisory mobile app further demonstrates<br />
Nuqi Digital Wealth UAE’s<br />
dedication to providing secure and<br />
impactful investments aligned with<br />
clients’ values. Additionally, the firm<br />
plans to expand its services globally in<br />
the coming years. The app is poised to<br />
provide secure, values-driven investment<br />
solutions for its clients, ensuring<br />
optimal financial growth and peace<br />
of mind.<br />
<strong>March</strong> <strong>2024</strong> www.thefinanceworld.com 21
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