TEMU: Can China’s E-Commerce Giant Take on Amazon?
TEMU, the brainchild of Chinese e-commerce titan Pinduoduo, is making waves in the global market with its aggressive pricing strategy. Their goal? To dethrone Amazon as the world’s leading online retailer. But can TEMU’s audacious plan succeed before they run out of steam? TEMU’s Global Gamble TEMU launched in the United States in 2023, offering […]
Global Economic Downturn in 2024: A Cause for Concern
As we navigate through 2024, a dark cloud of economic recession looms over many countries worldwide. The International Monetary Fund (IMF) has revised its forecast for global growth downward to 3.1%, the slowest since the 2008 financial crisis [IMF World Economic Outlook]. This sobering news reflects the impact of several factors, including: – Rising interest […]
Dubai Raises the Roof (or Pyramid): Sustainable Mega-Pyramid Planned for One Million Residents
Dubai, the crown jewel of the United Arab Emirates, has long been synonymous with grandiose architectural marvels. From the towering Burj Khalifa to the iconic Palm Jumeirah, Dubai continually pushes the boundaries of what’s possible in urban development. However, their latest endeavor may surpass them all: the construction of the world’s largest pyramid, designed to […]
A Vision for the Future of Travel: Saudi PIF Takes Over Heathrow Airport
The Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, has made a significant move in the global travel sector by acquiring a 10% stake in London’s Heathrow Airport [PIF press release]. This strategic investment, in collaboration with French private equity firm Ardian, who will hold a 15% stake, marks the beginning of […]
Wassim Merheby: A Serial Techpreneur Shaping the Future of Digital Transformation
Wassim Merheby’s entrepreneurial spirit and innovative prowess have positioned him as a stalwart in the realm of digital transformation and sustainability. As the CEO and Co-founder of Verofax, Wassim’s foresight into leveraging technology for enhancing brand-consumer interactions has marked a pivotal shift towards sustainable business methodologies. Entrepreneurial Beginnings and Leadership Evolution Wassim embarked on his […]
Unlocking the Future of Taxation: The Rise of Digital Tax Stamps
In an increasingly digital world, innovative technologies are revolutionizing traditional methods of tax collection and enforcement. One such technology gaining prominence is the Digital Tax Stamp—a powerful tool with the potential to transform tax administration, combat counterfeiting, and secure revenue streams for governments worldwide. What is a Digital Tax Stamp? A Digital Tax Stamp is […]
Verofax is among the Top UAE Future100 to Positively Impact the Nation’s Future Economy!
Verofax, a leading compliance and commerce SaaS solution provider, has earned distinction as one of the top Future100 pioneering startups, selected by the Ministry of Economy and the Ministry of State for Government Development and the Future. This recognition underscores Verofax’s pivotal role in contributing positively to the UAE’s economy and enhancing its preparedness for […]
Verofax is selected by PwC Middle East among Top Future50 climatech start-up
Verofax a compliance and commerce SaaS solution provider has been selected among the top Future50 climate tech start-ups by PwC Middle East to help enterprises’ accelerate on their path to Net Zero. PWC had scoured the region and short-listed from 500 businesses across 11 impact categories. Verofax was selected among top 6 Climate Change Management […]
Verofax Wins at Emirates Global Aluminum Ramp-Up Program 2023
Verofax, an award-winning product validation and traceability solution provider, is thrilled to announce its selection as one of the top three winners of the Emirates Global Aluminum (EGA) Ramp-Up Programme. The programme attracted over 600 startups from around the globe, all vying for a chance to make a significant impact in the indust About the […]
Verofax wins GITEX Supernova Web3 & Blockchain Award 2023
Verofax, an innovator in Brand & Retail solutions, was selected among 521 startups globally as the best solution offering for Web3 & Blockchain, at the GITEX 2023 Expo, Supernova Challenge in Dubai. Verofax, a UAE-based startup and service provider for turning shopping & products interactive, has emerged as the winner of the 2023 Supernova Challenge […]
