A group of 50,000 self-employed women in India have become the first beneficiaries of a novel insurance scheme that pays out when temperatures hit certain extremes. As the temperature crossed 40 degrees Celsius (104 degrees Fahrenheit) between May 18 and May 25, the women in the states of Rajasthan, Gujarat and Maharashtra all received a
Noel Krisnandar Yahja, CFO, SGMW Multifinance Indonesia has carved a niche for himself in the complex world of finance. In his current role, the dynamic leader works to reduce financial risks by developing effective risk management strategies and regulating cash flow. In an attempt to keep up with the changing regulatory environment, such as tax
Saudi Minister of Investment Khalid Al-Falih has underscored a plan to draw investments and financial flows exceeding $3 trillion by 2030. Saudi Arabia, recently participating in the first Sino-Gulf Cooperation for Industries and Investments Forum in Xiamen, China, focused on its ambitious Vision 2030. Led by Minister Al-Falih, the Saudi delegation included key representatives from
Trading and investing platform eToro has partnered with Arabesque AI, an investment advisory and technology company, to launch a new Sharia-compliant portfolio for users in the Middle East. Named ShariaAI-Growth, the portfolio leverages Arabesque’s AI technology and bank of environmental, social, and governance (ESG) data to identify high-growth US stocks that comply with Sharia principles.
Gulf Islamic Investment’s Eureka! GCC, the Gulf region’s edition of Asia’s largest business model competition, has formed a strategic partnership with iAccel Gulf Business Incubator (iAccel GBI), to enhance its offering to participating nascent companies across the GCC. To qualify for Eureka! GCC, businesses must be under three years of incorporation, established in the GCC,
MD Pictures’ rich history can be traced back to 2002 with its old logo and iconic location in Bursa Efek building in Jakarta. MD Entertainment started with a legendary event in 2004 and also pioneered the concept of an event every day. In 2005, MD Entertainment began to expand the concept of “one-stop” entertainment which
A global insurance coalition intended to help curb the sector’s greenhouse gas emissions has Relaunched with a new name and weaker membership requirements in response to companies fleeing over allegations of collusion by Republican politicians in the United States of America. The insurance group, called the Net Zero Insurance Alliance (NZIA), will be disbanded and
Uniqus Consultech, a tech-enabled global platform that offers ESG and Accounting & Reporting Consulting, has announced raising $10 million in Series B funding. The round was led by Nexus Ventures with participation from Sorin Investments. In just over a year of launch, Uniqus has scaled up significantly with offices in eight cities across the USA,
According to the latest reports, banking major Morgan Stanley is cutting at least 50 investment banking jobs in Asia Pacific becoming the latest among global banks to scale back operations in the region. The layoffs affect around 13% of the bank’s Asia investment banking workforce of 400 in the region, the report added. Bankers based
The European digital bank Bunq recently announced a net profit of €53 million for 2023 in its annual report. The company also informed that it got a fresh capital injection of €29 million from its existing shareholders. This is part of Bunq’s plans for growing in other markets, as well as to ensure compliance with
