Gulf Trade Finance Summit 2018 debuts in the UAE

QnA International hosts Gulf Trade Finance Summit 2018 in partnership with ExWorks Capital Backed by the overwhelming success of the Annual Saudi Trade Finance Summit held in the Kingdom of Saudi Arabia for half a decade, Gulf Trade Finance Summit 2018 debuts in the UAE QnA International, a leading global business to business events company and the organizers of the Saudi Trade Finance Summit, hosts the first edition of the Gulf Trade Finance Summit in UAE. Held from September 25 – 26, in Steigenberger Hotel Business Bay, Dubai, the event features leading GCC Thought leaders and financial experts from some of the most forward-thinking … Continue reading Gulf Trade Finance Summit 2018 debuts in the UAE

VAT in the GCC: What does it mean for your business?

By Aaron White, Regional Director for Sage Middle East On 1 January 2018, value-added tax (VAT) will come into effect for the first time in United Arab Emirates. Naturally, small businesses are concerned about the financial and operational impacts of VAT compliance, especially since they’re used to operating in a low-tax business environment. While there will be implications for systems, infrastructure, skillsand training, there are a number of benefits to the new tax system on businesses and the economy. Economic pressures But first, let’s take a step back to understand why VAT is being implemented in the first place. For … Continue reading VAT in the GCC: What does it mean for your business?

GDPR – Costly Restriction or New Business Opportunity?

By: Talal Wazani, Manager Strategic Security Consulting at Help AG The Middle East’s lack of understanding of the upcoming EU regulation is likely to place businesses across a wide range of sectors including cloud services, banking and finance, healthcare, insurance and tourism at significant risk  While VAT compliance is currently top of mind for Middle East businesses, many are unaware of the implications of the General Data Protection Regulation (GDPR). The European Union (EU) regulation aims at strengthening and unifying data protection for all EU citizens and is set to come into effect by May 2018. With just over six … Continue reading GDPR – Costly Restriction or New Business Opportunity?

Cross border payment solutions -Interview with PayCommerce

By Shereen Shabnam During a week of indulgence in all things technology and banking, I met with PayCommerce, a leading enterprise cross-border payments network and banking consortium for payments disbursement and acceptance, to talk about their UAE Cross-Border Payment Transaction Report 2017. Known as the leading, instant enterprise cross-border payments network that enables both disbursements and acceptance transactions through a single point of connectivity, PayCommerce has a wide network of members that include banking and financial services institutions, global corporates and alternate channel providers. Below are some insights gathered during my interview with Mr. Abdul Naushad, Executive Chairman and Founder of PayCommerce … Continue reading Cross border payment solutions -Interview with PayCommerce