Posts

Image
Mastercard's Push to Eliminate Card Numbers and Passwords for Online Shopping   Mastercard is stepping up efforts to combat the rising threat of online payment fraud by replacing traditional card numbers and passwords with advanced technologies like biometrics. The payments giant, which processes over 1 billion tokenized transactions per week, is aiming to make online shopping safer and more secure by eliminating the vulnerabilities associated with card numbers and passwords. A Decade of Progress in Tokenization Mastercard introduced tokenization—a technology that replaces sensitive card numbers with encrypted tokens—over a decade ago. Initially, this innovation was a response to high-profile breaches, including those at Target and Best Buy, where millions of customers’ credit card data was compromised. The tokenization process ensures that even if a hacker gains access to payment details, the token is worthless unless it is decoded by the payment network. Since its intro
Image
Dubai’s DFSA Reports 22% Growth in First Half of 2024 The Dubai Financial Services Authority (DFSA) has announced a robust 22% growth in its financial sector for the first half of 2024, underscoring the continued strength and dynamism of Dubai’s financial services industry. This impressive growth highlights the resilience and expansion of the Dubai International Financial Centre (DIFC), a global financial hub. The DFSA’s report reveals that this growth is driven by increased business activity, expansion of financial services, and enhanced regulatory frameworks that foster a competitive and innovative environment. The growth encompasses various sectors within the financial services industry, including banking, asset management, insurance, and fintech. The DFSA has seen a significant uptick in new firms and investments, reflecting confidence in Dubai’s financial ecosystem and its role as a gateway for international business. “The 22% growth is a testament to the strength and adaptability
Image
Advantages of Growing Your Business in Turkey Turkey's rapidly growing economy and increasing young population make it an attractive destination for business investments. Sustainable Foreign Direct Investments (FDI) have been in high demand in Turkey, and this trend is expected to continue. The favourable exchange rates of the Turkish Lira also present natural cost benefits. Here are some key advantages of expanding your business to Turkey: Rapidly Growing Economy Turkey boasts the 17th largest economy globally and is a significant economic player in Europe and the Middle East. The country attracts numerous immigrants, tourists, and foreign investors due to its strategic location and open, welcoming environment. Turkey offers many incentive programs for investors, including the highly successful Turkish Citizenship by Investment Program. These initiatives, combined with Turkey's positive economic outlook, provide a robust foundation for business growth. High Youth Popul
Image
  Will private sector enterprises provide UAE's next wave of IPOs? The UAE capital markets are experiencing a surge in the number of IPOs ready to launch, alongside a noticeable increase in median valuations. However, there's been a pattern where the enthusiasm in the primary markets hasn't always been reflected in the secondary market performance, indicating a potential disconnect. This issue is more pronounced in some private sector IPOs, even though the UAE's privatization initiatives haven't faced similar problems. Despite the growing role of market makers, issuers are exploring new strategies to maintain sufficient liquidity in the secondary market. This challenge isn't unique to the UAE; European markets have also encountered periods of low trading volumes, often resulting in more favorable valuations, as they struggle to match the extraordinary returns seen in the U.S. tech sector. For long-term investors, these lower valuations present a valuable opp
Image
  Dubai's current real estate market presents lucrative opportunities for investors, primarily due to a possible shortage of larger residential units. As Dubai enjoys economic stability and rapid population growth, the demand for spacious properties, such as three-bedroom apartments, townhouses, and villas, is on the rise. One clear sign of this trend is the significant increase in the number of schools in Dubai, growing from 17 to 220 since 2005. This surge indicates that more families are choosing to make Dubai their home, thereby increasing the need for larger residences. Recent data from the Knowledge and Human Development Authority (KHDA) show record high student enrollments in private schools, further emphasizing the demand for family-friendly properties. However, the supply of larger units may not be keeping up with this growing demand. Many new developments in Dubai continue to focus on smaller units, which are often seen as offering higher short-term returns on inves
Image
                 UAE Capital Markets Forge Partnership with HKSE The Hong Kong Stock Exchange (HKSE) has officially recognized the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) as part of its list of recognized marketplaces. This strategic move opens new opportunities for UAE-based companies to pursue secondary listings on one of Asia's premier financial markets. This development follows the inclusion of the Saudi Exchange (Tadawul) in 2023, underscoring the growing financial connections between the Middle East and Asia. Saudi Arabia led the Gulf region in initial public offerings (IPOs) in the first half of 2024, raising over $2 billion from 19 offerings, accounting for approximately 60% of the region's total IPO proceeds. Andrew Tarbuck, partner and head of capital markets at Al Tamimi & Co, a Dubai-based law firm, believes this development provides UAE-listed companies with "clearer paths" to access Asian liquidity pools. &quo
Image
Top Accounting ERP software solutions for UAE Users For entrepreneurs and companies operating in the UAE, selecting the right accounting ERP software is paramount for efficient financial management. Zoho Books Zoho Books offers user-friendly features for invoicing, expense tracking, and reporting, tailored to meet the diverse needs of UAE businesses. It’s particularly known for its ease of use and affordability, making it an excellent choice for small to medium-sized enterprises. Odoo With its customizable nature, Odoo allows businesses to adapt their ERP system to suit specific requirements, whether it’s invoicing, billing, or reconciliation. This flexibility makes it ideal for UAE enterprises that have unique needs and processes, offering modules that grow with your business. QuickBooks Online QuickBooks Online provides robust accounting capabilities accessible from anywhere, enabling seamless handling of invoicing, expense tracking, and tax calculations. Its cloud-based n