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 […]
Welcome, Mr. Hiren Patel: Unleashing Leadership Excellence
At Verofax, we are immensely honored and delighted to extend a warm and enthusiastic welcome to Mr. Hiren Patel, a visionary leader of unparalleled excellence, to our esteemed family. With an extraordinary wealth of knowledge and a resolute commitment to driving positive change, Mr. Patel’s presence within our ranks is nothing short of a profound […]
Navigating the New Retail Landscape with AI-Powered, AR-Viewed Shopping Assistants
In the ever-shifting panorama of retail, the kaleidoscope has turned once again. It’s no longer just about swiping on a screen or even hands-free voice commands. Today, the retail world is being revolutionized by a concept that sounds like it’s straight out of a sci-fi flick: AI-powered shopping assistants viewed through Augmented Reality (AR). Let’s […]
Unified Retail Commerce Explained
Retail commerce: Imagine shopping online, finding a product you like, and then deciding to pick it up in-store. Upon arriving, the store knows exactly what you want, and they even suggest accessories based on your purchase history. You complete your transaction with a simple scan of your phone. This seamless integration of online and offline […]
AWS Approves And Lists Verofax Martech Solution For Brands & Retail On Global Marketplace
AWS Approves And Lists Verofax Martech Solution For Brands & Retail On Global Marketplace Verofax, an award-winning Brand & Retail Martech service provider, achieved Full Technical Review (FTR) approval on Amazon Web Services (AWS) marketplace. Verofax services are now available for direct acquisition by retail and for global brands, leveraging the unparalleled capabilities of AWS. […]
France’s new fashion legislation and why it’s important
Textile and fashion brands did not always disclose their supply chain information. In fact, before the 90s, they considered this sensitive information and guarded it closely to conserve competitive advantage. However, in the late 90s and early 2000s, US college students formed the United Students Against Sweatshops (USAS) network and campaigned for universities to include […]
