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Astra Tech
Astra Tech is a UAE-based technology investment and development group operating in MENA region. Astra Tech owns several technology companies, including PayBy, Rizek, Botim, and Quantix LLC. The company developed Botim Ultra app, which serves over 150 million users across 155 countries. In 2023-2024, Botim became the most issued fintech card in the country. In July 2024, Astra Tech's Quantix became the first fintech to receive a Finance Company License Central Bank of the United Arab Emirates. In December 2024, the American investment fund Citi invested $500 million in Astra Tech's Quantix, marking the largest funding for a UAE-based fintech to date. History Astra Tech was founded by Emirati businessman Abdallah Abu Sheikh in 2022, with a focus on creating the region's first Ultra App, integrating a wide range of services such free VoIP calls, international money transfers, credit lending, microfinancing bill payments, on-demand and home services, and government services ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai International Financial Centre
The Dubai International Financial Centre (DIFC) is a special economic zone in Dubai covering , established in 2004 as a financial hub for companies operating throughout the Middle East, Africa, and South Asia (MEASA) markets. DIFC is regulated by the Dubai Financial Services Authority, an independent regulator exclusive to the zone, and by its own court system, DIFC Courts, separate from the Emirate of Dubai's legal system and that of the federal government of the UAE. DIFC follows the common law framework and operates in English. DIFC is one of Dubai's independent free zones; it offers companies 100% ownership without the need for a local partner. The freezone houses financial institutions, and wealth funds in addition to retail and hotel space dedicated to the free zones. DIFC offers clients a 50-year guarantee of zero taxes on corporate income and profits, complemented by the UAE's network of double taxation treaties. It was reported in 2022 that DIFC had a 19% annual i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banking And Finance
Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or Finance, financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include ''Profit and loss sharing#Mudarabah, mudarabah'' (profit-sharing and loss-bearing), ''wadiah'' (safekeeping), ''musharaka'' (joint venture), ''murabahah'' (cost-plus), and ''ijarah'' (leasing). Sharia prohibits ''riba'', or usury, generally defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic Value (personal and cultural), principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abu Dhabi Islamic Bank
Abu Dhabi Islamic Bank PJSC () is an Islamic bank based in Abu Dhabi city, in the United Arab Emirates. Establishment Abu Dhabi Islamic Bank was established on 20 May 1997 as a Public Joint Stock Company through the Amiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11 November 1998, and was formally inaugurated by Abdullah Bin Zayed Al Nahyan, UAE Minister of Information and Culture on 18 April 1999. All contracts, operations and transactions are carried out in accordance with Islamic Shari'a principles. Capital information ADIB commenced its operations with a paid-up capital of one billion dirhams divided into one hundred million shares, the value of each share being ten dirhams. The shares are quoted on the Abu Dhabi Securities Market. Founders The founders of Abu Dhabi Islamic Bank hold 29% of its equity while the remaining 71% is held by approximately 100,000 shareholders. The founding shareholders of ADIB are: *The Abu Dhabi Investment Authorit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ohood Al Roumi
Ohood bint Khalfan Al Roumi is an Emirati politician who is the Minister of State for Government Development and Future. She is also Chairwoman of the Federal Authority for Government Human Resources (FAHR). Education Al Roumi holds an Executive Master’s Degree in Business Administration (EMBA) from the University of Sharjah and a Bachelor’s in Economics from the College of Business and Economics, United Arab Emirates University. She is also a graduate from Mohammed Bin Rashid Program for Leadership Development. Career Al Roumi is the Minister of State for Government Development and Future in the United Arab Emirates. This ministerial portfolio was created in the new UAE government formation that took place in July 2020, with the aim of advancing government development and preparation and planning for the future of the UAE government. Her Excellency Al Roumi is also Chairwoman of the Federal Authority for Government Human Resources (FAHR), the federal entity responsible ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forbes India
''Forbes India'' is the Indian edition of ''Forbes'', which is managed by the Reliance Industries-owned media conglomerate, Network 18. History and profile Since its founding in 2008, ''Forbes India'' has achieved a circulation of 50,000 copies and makes over Rs 50 crore in topline. The magazine is published fortnightly. In May 2013, the Network 18 owned '' First Post'' was merged with ''Forbes India''. Shortly thereafter, the four top editorial heads who had led the growth of ''Forbes India'', including its editor-in-chief Indrajit Gupta, were dismissed under surprisingly humiliating conditions. The event led to considerable media speculation. Press Club, Mumbai, passed a resolution: “The method of ejecting them from the company was nothing short of shameful. Journalists are not only messengers of news and information, but are the collective voice of civil society." The new editor R. Jagannathan (erstwhile editor of '' First Post'') took over ''Forbes India''. He told '' Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after India, representing 17.4% of the world population. China spans the equivalent of five time zones and Borders of China, borders fourteen countries by land across an area of nearly , making it the list of countries and dependencies by area, third-largest country by land area. The country is divided into 33 Province-level divisions of China, province-level divisions: 22 provinces of China, provinces, 5 autonomous regions of China, autonomous regions, 4 direct-administered municipalities of China, municipalities, and 2 semi-autonomous special administrative regions. Beijing is the country's capital, while Shanghai is List of cities in China by population, its most populous city by urban area and largest financial center. Considered one of six ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weixin (app)
WeChat or Weixin in Chinese ( zh, c=微信, p=Wēixìn , l=micro-message) is an instant messaging, social media, and mobile payment app developed by Tencent. First released in 2011, it became the world's largest standalone mobile app in 2018 with over 1 billion monthly active users. The Chinese version of WeChat, Weixin, has been described as China's "app for everything" and a super-app because of its wide range of functions. WeChat provides text messaging, hold-to-talk voice messaging, broadcast (one-to-many) messaging, video conferencing, video games, mobile payment, sharing of photographs and videos and location sharing. Accounts registered using Chinese phone numbers are managed under the Weixin brand, and their data is stored in mainland China and subject to Weixin's terms of service and privacy policy. Non-Chinese numbers are registered under WeChat, and WeChat users are subject to a more liberal terms of service and better privacy policy, and their data is stored in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
