The Small and Medium Enterprises (SME) sector in the UAE has experienced remarkable growth, particularly as the post-pandemic world begins to settle. With COVID-19’s disruptions now behind, the SME sector is flourishing, bolstered by strong governmental support and a thriving entrepreneurial ecosystem. This favorable environment has paved the way for prosperity, positioning SMEs to explore
Wells Fargo, a leading global financial services company, has announced the launch of its Transgender Persons Hiring Program in India, further expanding its diversity and inclusion initiatives. The program, which builds on the success of a 2022 pilot project, seeks to create a more inclusive workplace by actively recruiting and training transgender individuals across various
Australian business conditions fell to the lowest in two-and-a-half years in August with the outlook for jobs taking a hit, a survey showed, while there was mixed news on inflation pressures subsiding. The survey from National Australia Bank (NAB) showed its index of business conditions fell 3 points to +3, the lowest since January 2022
Russia’s Sberbank has reported a significant boost in its operations in India, defying the impact of Western sanctions. Anatoly Popov, Deputy CEO of Sberbank, revealed that trade between Russia and India nearly doubled to $65 billion in 2023, with Sberbank handling payments for up to 70% of Russian exports to India. This surge in trade
The visionary CEO of Baker Tilly Central Africa, Courage G Matsa has built an impressive career in the accounting industry overcoming significant personal challenges and embracing the complexities of leadership. His journey, marked by resilience and a steadfast commitment to growth, has shaped him into a leader who drives excellence and inspires the next generation
In a strategic move to solidify its position at the forefront of the rapidly expanding space economy, Relm Insurance has announced the appointment of Dr. Francesca Faedi as a Senior Advisor. A leading figure in the aerospace industry, Dr. Faedi brings a wealth of expertise that will enhance Relm’s ability to offer specialised insurance solutions
India’s leading fintech company, Paytm (One 97 Communications Ltd.), has received crucial approval from the Ministry of Finance to invest in its payment services business. This green light marks a significant step forward for the company, which has been under intense scrutiny from India’s banking regulator and financial crime-fighting agency. The central bank had previously
The UK insurance industry faced an unprecedented challenge in the second quarter of 2024, with a record-high £1.4 billion paid out in claims, primarily driven by weather-related catastrophes, the Association of British Insurers (ABI) revealed recently. This surge in claims, stemming from natural disasters such as fires, floods, and severe storms, has placed significant strain
Insurers face substantial financial losses after three Taylor Swift concerts in Austria were abruptly cancelled due to a foiled attack at Vienna’s Ernst Happel Stadium. The cancellations have triggered millions of dollars in insurance claims, with multiple providers expected to share the financial burden, according to sources familiar with the insurance arrangements for Swift’s tour.
Al Ansari Financial Services PJSC (AAFS) has significantly expanded its market dominance by acquiring BFC Group Holdings WLL (BFCGH) in a $200 million deal. This acquisition marks a pivotal moment for AAFS, positioning it as the GCC region’s largest remittance and foreign exchange provider by branch network. Protiviti, a Member Firm for the Middle East
