Datavora raises $470k

Tunisian Startup Goes Big With Big Data, Raises A Cool $470K

Tunisian big data startup Datavora has raised over TD1 million in seed funding.Investors included UGFS (United Gulf Financial Services-North Africa) and two Tunisian investment funds, personal investors, family and friends, and employees,... (contd.)
A proper crowdfunding campaign does more than just raise money. It's a force multiplier as you enter the marketplace.

Thinking About Crowdfunding? 5 Keys To Bringing In Money

Most crowdfunding advice is aimed at artists, musicians and lone gadget inventors. For those of us who run startups, crowdfunding can also be a powerful tool--but leveraging it gets harder every year.... (contd.)
A deal between the two is expected to change the ecommerce ecosystem in MENA.

Reports: Acquires For $650-$800 Million

Global e-commerce giant Inc has agreed to acquire MENA retailer just two months after walking away from talks to purchase the Dubai-based online retailer following disagreements over the price.However, both... (contd.)
Firms with taxable supplies worth more than Dhs375,000 need to register.

UAE’s Private Businesses Will Be Able To Register For VAT After June 2017

UAE’s Ministry of Finance said registration for businesses for the upcoming value added tax (VAT) would begin in the second half of the year.The firms with taxable supplies below Dhs375,000 but over... (contd.)
They will have to pay 20% tax.

Saudi Ready To Give Expat Freelancers A Chance If They Pay A Tax

The Saudi Arabian government is likely to give expatriates an opportunity to opt for self-employment.It is considering a proposal which would allow foreigners to register as self-employed by paying an estimated tax... (contd.)
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"All money is a matter of belief."

Want To Be Rich? Change Your ‘Money Story’

Adam Smith, known as the father of modern economics, once said, "All money is a matter of belief."Author Steve Siebold interviewed hundreds of millionaires and discovered: "Getting rich begins with the way... (contd.)
But tax income fell 4.9% in 2015.

Not The VAT: Arab Governments Raked In $810 Billion In Taxes From 2011 To 2015

The Arab world generated revenues worth around $810 billion through different taxes from 2011 to 2015, according to Arab Monetary Fund (AMF).According to the AMF, tax revenues decreased by 4.9% in 2015... (contd.)
UAE to charge 5% VAT on businesses

UAE To Impose 5% VAT On Private Businesses Making More Than Dhs375,000 Annually

UAE government’s Federal National Council (FNC) has approved a draft law that requires business owners and landlords to pay a 5% value-added tax (VAT) starting January 2018.According to the new law, private... (contd.)
This will reduce risks for banks and enhance lending, says expert.

What If The UAE Government Guaranteed SME Loans?

The UAE government should offer guarantees on loans to small and medium-sized enterprises (SMEs) to reduce the risk for banks, according to as senior banker.In order to encourage lenders to work with... (contd.)
The startup will use funds to build team.

Dubai-based Virtual Reality Startup Raises Funds To Step Up Its Game

Dubai-based virtual reality startup 360VUZ has raised an undisclosed amount in a venture capital funding round led by Dubai Silicon Oasis Authority, a statement said.Several angel investors, including media personnel and businesspeople,... (contd.)
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