The Finance World Magazine| Edition: March 2023
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil. In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups. Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil.
In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups.
Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Fintech Application<br />
MyFawry<br />
Date of Establishment: 2019<br />
Owner: Fawry for banking and payment technology services<br />
CEO: Ashraf Sabry<br />
MyFawry allows users to<br />
pay their bills, recharge<br />
their mobiles, reserve bus<br />
tickets, and track their<br />
spending. In 2020, total downloads<br />
surpassed more than 1.6 million. Fawry<br />
for Banking and Payment Technology<br />
Services was listed on the Egyptian<br />
Stock Exchange in 2019, with a market<br />
value of $1.9 billion as of August 5,<br />
2021. <strong>The</strong> company also offers financial<br />
services through multiple channels<br />
such as ATMs and retail points. As of<br />
June 2021, the app had 3.5 million total<br />
downloads and $105 million annualized<br />
throughput.<br />
As Egypt saw the fast adoption of<br />
electronic payments, Fawry saw the<br />
opportunity to develop MyFawry that<br />
would be accessible across the country<br />
and on every device. This is in line with<br />
the vision of the Egyptian government<br />
to push for digital transformation as<br />
it becomes one of the fastest-growing<br />
markets in the Middle East.<br />
According to Fawry- a banking and<br />
payment technology Services Company<br />
in Egypt, their proprietary myfawry<br />
app has nearly 3.5 million downloads<br />
and generated $105 million in annual<br />
revenues for the company as of July<br />
2021.<br />
It is top-rated as the best mobile<br />
payment platform that helps users<br />
to make all payments and transfers<br />
through a single podium. It allows<br />
users to pay utility bills, credit bills,<br />
and bus ticket booking and also helps<br />
in tracking spending.<br />
22 www.thefinanceworld.com <strong>March</strong> <strong>2023</strong>