MONEY

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Simple Tips to Help You Raise Capital

Over my career, I have been involved in founding and supporting a number of companies. Being able to raise outside funding has been one of my contributions. As odd as it may... (contd.)
By snapping up job assessment firm, Viriphi, it hopes to expand recruitment in MENA.

Egypt’s Wuzzuf Just Upped Its Game With A New Acquisition

Egypt-based online recruitment platform Wuzzuf acquired job assessment platform Viriphi for an undisclosed amount, Wamda reported. With the deal, services provided by both firms will be merged, said Amr ElGabry, founder and CEO... (contd.)
VAT revenues UAE

Just How Much Revenue Would The VAT Net The Gulf Countries?

Value-added tax (VAT) will considerably enhance revenues per year for the UAE and other Gulf Cooperation Council (GCC) countries, accounting firm Ernst & Young said in a statement. The new tax policy is... (contd.)
Innoventures Seed Fund Egypt

Egypt’s Startups Have A New $1.6 Million Bounty To Tap Into

Egyptian startup incubator Innoventures has launched an EGP30 million pound ($1.6 million) fund, Innoventures Fund 1, for the financing of startups.  It also launched a workspace, IdeaSpace-Borg in Alexandria in collaboration with Eitesal... (contd.)
Wealth manager of the stars Winnie Sun shares the 5 things she does to get massive returns on the portfolios she manages and explains how you can do the same.

5 Money Tips You Need to Follow in 2017 (From The Wealth Manager of The Stars)

A few months ago, Madalyn Sklar of Twitter Smarter tweeted at me that she was joining this tweet chat. I decided to join last minute. I was like whoa, this thing is... (contd.)
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Volt raises $550,000 from MEVP

Turkish Ride-Sharing App Raises $550,00 To Meet Careem Head On In Istanbul

Lebanon-based investor Middle East Venture Partners (MEVP) has invested $550,000 in Turkish ride-sharing service Volt. Another Lebanon-based fund, Saned Partners also participated in the funding round, Volt said in a statement. This is the... (contd.)

What If There Was An Income Tax In The Gulf States?

Levying tax on the income of foreign workers in the GCC will help the region enhance revenues, but it will hurt the attractiveness of the Gulf as an employment destination to skilled... (contd.)

Just How Much Money Have Saudi Banks Poured Into The Country’s SMEs?

Saudi banks have provided funds worth more than SAR17 billion to around 8,500 small and medium-sized enterprises (SMEs) under the Kafala program, Arab News reported. The Kafala program aims to offers easier financing... (contd.)
13% expats will leave Doha over a 5% VAT

So, How Many Expats Would Leave Qatar After The VAT Is Here?

Around 13% expats would likely leave Qatar if it imposes a 5% value-added tax (VAT) in 2018, according to a survey by Qatar University’s Social and Economic Survey Research Institute (SESRI). VAT is... (contd.)
Amazon wants to buy Souq.com

No Stake, Amazon (Probably) Wants To Eat Up All Of Souq.com For $1 Billion

Amazon is reportedly in talks to acquire Dubai-based online retailer Souq.com for about $1 billion, Bloomberg reported. The deal will give the US-based e-commerce giant a footprint in the high-growth Middle East market, the... (contd.)
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