The Finance World Magazine| Edition: May 2023
The May edition of The Finance World Magazine (TFW) is out now. Our cover story highlights this development of the fintech industry in the UAE and the Middle East, presenting an exclusive interview with Mohammad Alblooshi, the Head of DIFC Innovation Hub & FinTech Hive, whose insights into this exciting field provide valuable knowledge for industry stakeholders. The UAE has emerged as a preeminent global financial hub and a coveted destination for international investors. In light of this, our focus in this edition is directed towards the rapidly evolving domain of asset management. Through a meticulous screening process, we have identified 15 UAE-based asset management companies that have demonstrated notable proficiency and excellence in this arena. Our compilation furnishes valuable insights into the investment strategies and approaches employed by these firms and sheds light on the factors that have contributed to their resounding success. Focusing on Investment in the UAE as this edition’s main theme, our articles provide insights on the various investment options offered by the UAE’s different sectors, such as the UAE cryptocurrency market promising exciting investment opportunities, different investment options in the UAE’s sports industry, investing in emerging artists and the importance of risk management, investment opportunities and advantages in Dubai real estate market, UAE corporate tax creating new investment opportunities, and many more articles that offer critical analysis and insights on current trends and issues in the business and investment domains. 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 May edition of The Finance World Magazine (TFW) is out now. Our cover story highlights this development of the fintech industry in the UAE and the Middle East, presenting an exclusive interview with Mohammad Alblooshi, the Head of DIFC Innovation Hub & FinTech Hive, whose insights into this exciting field provide valuable knowledge for industry stakeholders.
The UAE has emerged as a preeminent global financial hub and a coveted destination for international investors. In light of this, our focus in this edition is directed towards the rapidly evolving domain of asset management. Through a meticulous screening process, we have identified 15 UAE-based asset management companies that have demonstrated notable proficiency and excellence in this arena. Our compilation furnishes valuable insights into the investment strategies and approaches employed by these firms and sheds light on the factors that have contributed to their resounding success.
Focusing on Investment in the UAE as this edition’s main theme, our articles provide insights on the various investment options offered by the UAE’s different sectors, such as the UAE cryptocurrency market promising exciting investment opportunities, different investment options in the UAE’s sports industry, investing in emerging artists and the importance of risk management, investment opportunities and advantages in Dubai real estate market, UAE corporate tax creating new investment opportunities, and many more articles that offer critical analysis and insights on current trends and issues in the business and investment domains.
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 />
Three Promising Investment Management<br />
Startups in the Middle East<br />
In recent years, the Middle East has become a fertile ground for investment<br />
management startups, with an increasing demand for accessible and affordable<br />
investment options. In this article, we will highlight three promising investment<br />
startups in the region: baraka, Sarwa, and Thndr. <strong>The</strong> three startups have shown<br />
impressive growth and raised significant funding from investors, such as Valar<br />
Ventures, Mubadala Investment Company, and Tiger Global. With their innovative<br />
approaches and commitment to making investing accessible, these startups are<br />
poised to disrupt the investment industry in the Middle East and beyond.<br />
baraka<br />
Feras Jalbout and Kunal Taneja,<br />
Founders<br />
Baraka is a commission-free<br />
investment platform established<br />
in 2020 in the United Arab<br />
Emirates by its founders, Feras<br />
Jalbout and Kunal Taneja. <strong>The</strong> startup<br />
offers users the ability to invest in over<br />
6,000 U.S. stocks and ETFs without a<br />
minimum investment amount. With<br />
plans for expansion across the MENA<br />
region, baraka has quickly made a<br />
name for itself as a Robinhood-like<br />
investment app.<br />
In November 2022, baraka raised<br />
$20M in a Series A funding round led<br />
by Valar Ventures, bringing its total<br />
funding to $25M. Other participations in<br />
funding baraka came from Knollwood<br />
Investment Advisory, Y Combinator,<br />
FJ Labs, VentureSouq, Class 5 Global,<br />
Global Founders Capital, and Raptor<br />
Hold Co LLC.<br />
baraka’s CEO, Feras Jalbout, was<br />
previously an investor at a family office<br />
and worked in banking at Barclays and<br />
Standard Chartered. Meanwhile, CTO<br />
Kunal Taneja has experience leading<br />
several departments at Arab Financial<br />
Services, a digital payment and Fintech<br />
solutions company. Currently, baraka<br />
has 2-10 employees based in its UAE<br />
headquarters. As a startup that aims to<br />
fill a gap in the market by serving the<br />
younger generation who lack access<br />
to helpful investment apps, baraka’s<br />
mission is to provide investors with<br />
the tools and knowledge they need to<br />
make well-informed decisions on their<br />
investment journey. With its impressive<br />
growth and continued funding, baraka<br />
is poised to become a major player in<br />
the investment app space.<br />
50 www.thefinanceworld.com<br />
<strong>May</strong> <strong>2023</strong>
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