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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Start-up<br />
Promising Startups transforming the<br />
Market in the UAE<br />
<strong>The</strong> UAE has become a hub for promising startups, with a rapidly growing number of companies<br />
disrupting industries and pioneering new solutions in the region. Its thriving startup ecosystem<br />
is supported by its strategic location, diverse and cosmopolitan population, and a pro-business<br />
environment. From fintech to e-commerce, healthtech to edtech, the UAE is home to a broad range<br />
of innovative startups that are attracting significant investment and gaining global recognition.<br />
In this context, we highlight five of the promising startups emerging from the UAE and the<br />
impact they are making on their respective industries.<br />
Beehive<br />
Based in Dubai, Beehive is<br />
the first peer to peer (P2P)<br />
lending platform in MENA to<br />
be regulated by the DFSA. As<br />
a leading Fintech pioneer, the company<br />
uses innovative technology to directly<br />
connect businesses seeking fast, affordable<br />
finance with investors who can help<br />
fund their growth.<br />
Beehive, which was founded in the<br />
United Arab Emirates in 2014 by Craig<br />
Moore, has taken peer-to-peer lending<br />
to the next level. It specializes in<br />
digital financial solutions for small and<br />
medium-sized businesses (SMEs). By<br />
linking its customers with interested<br />
investors, Beehive has managed to attract<br />
a user base of over 15,500 individuals.<br />
Since the launch, businesses have<br />
borrowed more than AED 1B through<br />
the company’s platform.<br />
Craig Moore,<br />
Founder and CEO<br />
Letswork<br />
Letswork is a co-working start-up<br />
based in the UAE and focused<br />
on providing accessible and<br />
affordable co-working spaces<br />
for freelancers, entrepreneurs and<br />
small businesses. It was established<br />
with the goal of connecting individuals<br />
with spaces. Beginning at their initial<br />
hotel partner in Dubai, the company has<br />
expanded into a worldwide provider<br />
of workspace solutions that emphasize<br />
flexibility, productivity, and community<br />
experiences.<br />
With the growth of the gig economy<br />
and remote work, the demand for<br />
flexible and collaborative workspaces<br />
has skyrocketed. However, traditional<br />
co-working spaces can be expensive<br />
and require long-term commitments,<br />
which can be a barrier to entry for many.<br />
Letswork aims to address this gap by<br />
offering hourly and daily rates, as well<br />
as monthly and annual memberships<br />
that don’t require a deposit or a longterm<br />
contract. <strong>The</strong> start-up has already<br />
expanded to several locations across<br />
the UAE and has plans for further<br />
expansion in the near future.<br />
Letswork prioritizes sustainability<br />
in its business practices; coworking<br />
spaces are naturally sustainable since<br />
they encourage the sharing of resources,<br />
supplies, and spaces, which ultimately<br />
helps reduce waste. <strong>The</strong> company takes<br />
this a step further by not constructing<br />
its own coworking spaces. Instead,<br />
the company utilizes pre-existing<br />
resources and maximizes their usage.<br />
By offering a network of workspaces,<br />
Letswork’s users can work closer to<br />
home, avoiding long commutes and<br />
lowering their carbon emissions.<br />
36 www.thefinanceworld.com <strong>March</strong> <strong>2023</strong>