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Innovation at The Abrahamic Business Circle

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The Abrahamic Business Circle’s Event Highlights Israel’s Technological Prowess and Global Economic Partnerships

Dubai, UAE – July 25, 2024 – The Abrahamic Business Circle held a very successful Investors Roundtable at the upscale Hotel Bristol in Vienna one month ago, on June 25, 2024. The event featured high-level networking and thought-provoking talks. Israel’s ambassador to Austria, His Excellency Mr. David Roet, gave the keynote address and stressed the importance of strategic innovation in promoting global economic growth.

In his engrossing speech, Ambassador Roet emphasized Israel’s steadfast dedication to innovation and emphasized the country’s strategic focus on enterprise IT, cybersecurity, fintech, and healthtech—all of which are areas where funding has recently declined. The envoy praised Israel’s extraordinary capacity to reevaluate and find fresh investment possibilities while highlighting the nation’s tenacity and flexibility in the face of adversity.

During his speech, Israel demonstrated its commitment to breaking new ground and retaining its position as a leader in these important fields.

Israel Innovation Ecosystem

Israel secured an amazing $1.8 billion over 114 investment rounds in the first quarter of 2024, with expectations to reach $2.4 billion by the end of the year, demonstrating the strength of the country’s innovation ecosystem. Remarkably, the cybersecurity industry alone brought in a healthy $846 million, or almost half of the total funds.

Ambassador Roet said, “These figures reflect investor confidence in our ability to lead and innovate,” underscoring the confidence that investors throughout the world have in Israel’s technological competence and progressive outlook.

The Chairman of The Abrahamic Business Circle, Dr. Raphael Nagel, was present in the esteemed audience. Renowned businessman and financier Dr. Nagel has a wealth of knowledge in developing global businesses and practicing economic diplomacy.

His leadership in The Abrahamic Business Circle has played a pivotal role in cultivating a forum that unites disparate economic sectors and encourages cooperative endeavors with the objective of propelling worldwide wealth.

The Investors Roundtable hosted by THE ABRAHAMIC BUSINESS CIRCLE offered a special forum for international investors to investigate the numerous prospects found in Israel’s booming IT sector. The speech by Ambassador Roet was a motivating reminder of Israel’s unwavering commitment to quality and its crucial role in influencing the direction of technology.

Go to www.theabrahamicbusinesscircle.com for additional information about The Abrahamic Business Circle and its forthcoming events.

About The Business Circle at Abrahamic:

A prominent international network, the Abrahamic Business Circle is committed to promoting economic diplomacy by trade and calculated investments. Our membership, which comprises business owners, financiers, corporations, and diplomats from 56 nations, exemplifies how global investments and an entrepreneurial spirit can promote sustainable development on a global scale.

For more details about The Abrahamic Business Circle and upcoming events, visit www.theabrahamicbusinesscircle.com.

Contact:

The Abrahamic Business Circle
Email: contact@theabrahamicbusinesscircle.com

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Dispute Resolution Strategies in Spain

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Dubai, UAE , July 25, 2024 /Presslink.media/ Nagel & Partners, Veronica Cabrera, Senior Partner at Nagel & Partners, is thrilled to provide thoughts on “Dispute Resolution Strategies in Spain” in an exclusive interview with a premier consulting organization that specializes in business development, legal compliance, and dispute resolution. Understanding efficient dispute resolution procedures is essential for firms expanding abroad, and Spain provides a strong foundation for settling business disputes.

Spain’s Dispute Resolution Techniques
In the dynamic world of business, disagreements are unavoidable. Businesses’ operations and reputations can be greatly impacted by how they resolve these conflicts. Senior Partner at Nagel & Partners Veronica Cabrera talks about the main facets of Spanish dispute resolution and provides tactical guidance for companies looking to enter or operate in the Spanish market.

What are the main forms of conflict resolution that are offered in Spain?
Veronica Cabrera: “Litigation, arbitration, and mediation are only a few of the ways that disputes can be resolved in Spain. Resolving disagreements through the legal system is known as litigation, which can be time-consuming but is essential in complex circumstances. Arbitration is a private dispute resolution procedure that is frequently chosen for its speed and secrecy. An arbitrator renders a legally enforceable ruling. Through mediation, a third party who is impartial assists the conflicting parties in coming to a mutually agreeable resolution.”

How are these techniques supported by Spain’s legal system?
Cabrera: “All three forms of dispute resolution are supported by Spain’s well-established legal system. The procedures are transparent and enforceable because of the legal certainty and explicit rules provided by the Spanish Arbitration Act and the Mediation Act. Additionally, Spanish courts are pushing parties to seek out peaceful resolutions by supporting alternative conflict resolution techniques more and more.”

What are the benefits of arbitration or mediation in Spain as opposed to litigation?
Cabrera: “Compared to litigation, arbitration and mediation provide a number of benefits. For organizations that are worried about being exposed to the public, arbitration offers greater anonymity and is typically speedier than other methods. It also gives the option to select arbitrators with particular knowledge pertinent to the disagreement. Contrarily, mediation fosters a collaborative approach and is less confrontational, which helps maintain corporate ties. In addition, it is less expensive than going to court.”

What difficulties do companies encounter while resolving disputes in Spain?
Cabrera: “The potential length and complexity of litigation, which might need a lot of resources, is one of the key challenges. Arbitration is a quicker process, but it can also be expensive and difficult to locate arbitrators with the necessary experience. Despite being a collaborative process, mediation necessitates the willingness to bargain on both sides, which is not always the case. Effective dispute resolution requires an understanding of these obstacles and appropriate preparation.”

How can companies navigate Spanish dispute resolution with the help of Nagel & Partners?
Cabrera: “We at Nagel & Partners offer businesses in Spain that are embroiled in disputes all-encompassing support.” Our team of legal professionals provides individualized guidance on the best form of dispute resolution for every situation. Whether the procedure is through arbitration, mediation, or litigation, we help clients at every stage. Our objective is to guarantee that conflicts are settled quickly and amicably while causing the least amount of disturbance to company activities.”

What tactical guidance would you offer companies looking to avoid conflict in Spain?
Cabrera: “Detailed and unambiguous contracts that specify each party’s rights and responsibilities are the first step in preventing problems. Escalating confrontations can also be avoided by maintaining regular communication and taking the initiative to resolve problems early. Furthermore, it can save time and money if disagreements arise to include dispute resolution sections in contracts that outline preferred procedures like arbitration or mediation.”

Concerning Nagel & Partners
Leading consulting firm Nagel & Partners focuses on legal compliance, business formation, tax optimization, and dispute resolution techniques. Our commitment to quality and successful track record enable us to offer comprehensive help to companies looking to enter or grow in international markets.

For additional details regarding Spanish dispute resolution techniques and how Nagel & Partners can support your company, please visit www.nagelpartners.com or send an email to legal@nagelpartners.com.

Contact Information:

Nagel & Partners
RAKEZ Amenity Center Al Hamra Industrial Zone-FZ

RAK, United Arab Emirates
legal@nagelpartners.com
www.nagelpartners.com

 

CCC students and local residents gathered around the newly inaugurated water tap, a beacon of hope and transformation.
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Water 4 Mercy Celebrates Clearwater Central Catholic High School Students Impactful Mission in Tanzania

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July 24, 2024 /Presslink Media/ — Water 4 Mercy. Founded by Nermine Khouzam Rubin in 2018, Water 4 Mercy, a USA based non-profit organization focused on addressing the severe water and food shortages in sub-Saharan Africa, is proud to share the incredible achievements of six dedicated students from Clearwater Central Catholic High School who traveled to Tanzania this summer to provide life giving water and food to villages in dire need.

Their behind the scenes experience was recently featured on ABC Action News, highlighting the passion and commitment of our volunteers.

Journey to Tanzania

The students’ journey to Tanzania was filled with profound experiences and heartfelt interactions. Each village welcomed them with dancing, chanting, and gifts. Gracie Chung, a junior expressed, “They gave us such a warm welcome, and they were so happy to see us.“

During their stay, the students experienced the harsh realities of water scarcity, including the laborious process villagers endure to collect water. Since its inception, Water 4 Mercy has made a lasting impact, installing clean water systems in 19 villages and enhancing the overall well-being of the region by providing nutritious food to approximately 70,000 people, leading to improved health and quality of life.” This number is soon to increase as we committed to adopting another village during this trip.

The highlight of the trip was the inauguration of the agricultural drip irrigation system at Mabalangu Village, marked by a plaque bearing the school’s name. Senior and Water 4 Mercy board liaison Alivia Tevis shared, “Since 2021, we’ve raised over $36,000 through fundraisers, and it’s beautiful to see our efforts result in clean drinking water and now nutritious food for the Mabalangu villagers.”

Water 4 Mercy trains the village members to maintain new water systems and introduces advanced agricultural techniques, ensuring long-term sustainability and economic growth.

Water 4 Mercy continually seeks donors to support their mission, with the goal of making more villages fully sustainable. “It costs $100,000 to make a village fully sustainable,” Rubin noted, hoping the ABC Action News segment will inspire more people to contribute. For more information about donating to Water 4 Mercy or starting a school or community club, please visit water4mercy.org

Water 4 Mercy is a 501(c)(3) non-profit organization dedicated to providing sustainable water solutions to communities in sub-Saharan Africa, transforming lives through the gift of clean water and agricultural training.

For more information please visit water4mercy.org

Public Relations
Water 4 Mercy, Inc.
+1 727-439-4222
Nermine@water4mercy.org
Visit us on social media:
LinkedIn

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Technology and Education Are the Future

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Paris, France – July 24, 2024 – Paris Metropolitan University (PMU) is excited to present its grand new project, “Technology and Education Are the Future,” which aims to transform education by integrating cutting-edge technology and creative teaching approaches.

Investing in the Future Generation This project further demonstrates PMU’s dedication to educating students for the quickly changing needs of the workforce of the twenty-first century. PMU has always been at the forefront of educational excellence. PMU is positioned to provide a revolutionary educational experience that bridges the divide between traditional learning and the digital era by utilizing the most recent technical developments.

Cutting-Edge Educational Resources PMU is launching cutting-edge learning platforms as part of this project, which use augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) to create immersive and interactive learning experiences. These platforms are intended to improve critical thinking among students, increase their level of engagement, and offer individualized learning experiences based on their needs.

Joint Research and Development

Joint Research and Development To promote innovation in education, PMU is collaborating with top IT firms and academic institutions. The goal of these partnerships is to create innovative teaching resources and techniques that can be easily incorporated into the classroom, giving PMU students the information and abilities they need to succeed in a technologically advanced society.

Dedication to Inclusion and Accessibility PMU’s persistent dedication to accessibility and inclusivity lies at the core of this program. The institution is committed to providing everyone, regardless of socioeconomic status, with access to high-quality education. PMU wants to remove obstacles to education and give every student equal chances by utilizing technology.

Technological Advancements

Sayings from the Front In order to shape the future, technology and education are not only complimentary but also indispensable partners, according to Dr. Marie Dupont, president of Paris Metropolitan University. “Our goal is to create an educational ecosystem that not only adapts to technological advancements but also harnesses them to unlock the full potential of our students.”

As we together shape the future, Joining us on this exciting adventure is Paris Metropolitan University’s invitation to educators, students, industry leaders, and the larger community. By working together, we can influence education’s course and build an environment where technology and learning are integrated to empower the coming generation.

For more information about the “Technology and Education Are the Future” initiative, please visit www.parismetropolitanuniversity.com or contact:

Authorized by the Académie de Paris: 

Under the jurisdiction of the Ministry of National Education of France
according to Code de l’Éducation Articles L 444-1 à 444-11 et R 444-1 à 444-28

Paris Metropolitan University
250 bis Boulevard Saint-Germain
75007 Paris, France

info@parismetropolitanuniversity.com

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How Robots on Wheels Can Climb Stairs

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Robots on wheels can climb stairs using various specialized mechanisms and techniques. Here are some common methods:

  1. Track Systems: Some robots use continuous tracks (like those on tanks) instead of traditional wheels. These tracks conform to the shape of the stairs, providing the necessary grip to climb up and down.
  2. Adjustable Wheel Axles: Some wheeled robots have axles that can move up and down independently, allowing the robot to lift its wheels onto the next step and maintain stability while climbing.
  3. Additional Support Wheels: Robots can be designed with extra sets of wheels that engage when encountering stairs, helping distribute the weight and providing additional points of contact to prevent tipping.
  4. Articulated Legs: Some robots combine wheels with articulated legs that can lift and place the wheels onto the next step, essentially allowing the robot to “walk” up the stairs while maintaining the efficiency of wheels on flat surfaces.
  5. Transforming Mechanisms: Certain advanced robots can change their configuration when approaching stairs, such as wheels spreading out to form a larger base or transforming into a track-like structure.
  6. Wheel-Leg Hybrid Designs: Some robots use both wheels and legs. These robots use wheels for smooth surfaces and deploy legs when climbing stairs, offering versatility in various environments.
  7. Specialized Algorithms and Sensors: Robots equipped with advanced sensors and algorithms can analyze the stairway and adjust their movement in real-time, helping the robot find the best path and maintain balance.
  8. Gyroscopic Stability: Incorporating gyroscopes helps maintain balance. Gyroscopes detect the robot’s orientation and make necessary adjustments to keep it stable while climbing stairs.

The Quarero security robot is designed with advanced mechanisms to tackle stairs efficiently. It features a sophisticated wheel-leg hybrid system that transitions smoothly from flat surfaces to staircases. The robot’s adjustable wheel axles and gyroscopic stability ensure it maintains balance and traction while climbing. Equipped with smart sensors and algorithms, the Quarero robot can analyze the stairway in real-time, making necessary adjustments for optimal performance. This capability allows the Quarero security robot to navigate various environments, providing comprehensive security coverage even in multi-level buildings.

While these techniques are effective, stair-climbing robots face challenges such as maintaining stability, managing energy consumption, and adapting to different stair designs and materials. Advances in robotics continue to address these challenges, making stair-climbing robots more efficient and versatile. In conclusion, wheeled robots can climb stairs by using innovative designs and advanced technologies that combine the benefits of wheels with additional mechanisms to handle the vertical movement required for stairs.

Quarero Robotics, Switzerland
Marcus Köhnlein

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How to Create an Effective Press Release

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Apia, Samoa – July 24, 2023 – Presslink Media, A well-written press release is an effective tool for informing the public and media about significant news and events. You may engage your target audience, establish credibility, and increase visibility with its assistance. Adhering to optimal procedures can maximize the effect of your press release, regardless of whether you’re revealing a new product, a significant business achievement, or an impending occasion.

A Comprehensive Guide for Composing a Press Release

1. Make a Compelling Headline First

Since readers will see your headline first, make sure it’s interesting and educational. It should briefly summarize the headline news or press release’s important points. Keep it brief—under 70 characters is ideal—and use action phrases.

2. Write a Captivating Lead Text

A synopsis of the press release that addresses the who, what, when, where, why, and how questions should be included in the lead paragraph. It ought to pique the reader’s interest and motivate them to keep reading. Make sure it’s succinct and direct, and concentrate on the most noteworthy details.

3. Provide Comprehensive Details in the Body

The information in the lead paragraph should be expanded upon throughout the news release’s body. Make use of the structure below:

  • Second Paragraph: Give more background information and context.
  • Third Paragraph: To give credibility and a personal touch, use quotes from important stakeholders, such as business executives or industry experts.
  • Fourth Paragraph: Provide further information to bolster your news, such as data, case studies, or particular cases.

4. Speak with a Clear Tone

Even though it’s crucial to be interesting, the press release should seem professional the entire time. Steer clear of technical terms and jargon that could mislead readers. Write in the third person and utilize the active voice.

5. Use Appropriate Keywords

Include pertinent keywords that your target audience is probably using to find information about your press release. This enhances search engine optimization (SEO) and raises the possibility that people will find your press release online.

6. Include Multimedia Components

Adding multimedia components to your press release, such as pictures, videos, and infographics, can increase its shareability and engagement. Make sure that any multimedia material is of the highest caliber and pertinent to the news that is being released.

7. Give Your Contact Details

Provide the contact details of a representative of the company who can respond to inquiries and offer more details. Name, title, phone number, and email address are usually included in this.

8. End with a Boilerplate

A boilerplate is a standard paragraph that offers background information about the firm or group at the end of a news release. It should be brief and contain important information about the organization, its goals, its offerings, and any noteworthy accomplishments.

Top Tips for Press Release Distribution

1. Select the Appropriate Distribution Channels

Choose the distribution methods that will most likely get your intended audience. This could include social networking sites, email distribution lists, wire services, and your business website. Since every channel has advantages of its own, combine them to increase reach.

2. Schedule Your Release Strategically

When scheduling your press release, take into account when it will receive the most attention. Steer clear of important holidays and weekends, when there is usually less media coverage. Try to time the release to coincide with important news cycles or industry events.

3. Follow Up with Media Contacts

Following up with important media contacts to make sure they received your press release and to provide more details or interviews is a good idea. Make your follow-up correspondence unique and show consideration for their time.

4. Track and Evaluate Outcomes

By keeping an eye on media attention, website traffic, social media interaction, and other pertinent data, you can monitor the effectiveness of your press release. This can assist you in evaluating the success of your press release and pinpointing areas in need of development.

5. Remember Your Audience

When composing and publishing a press release, keep your intended audience in mind at all times. Make sure your message is relevant to their needs and interests by using language and examples that they will understand.

Typical Errors to Avoid

1. Formulating an Inexact Headline

A title that is too general or ambiguous will not draw the reader in. Make sure the important news is conveyed in a clear and concise manner in your headline.

2. Overloading with Information

Although it’s crucial to give the reader as much information as possible, try not to bore them with long paragraphs or an excessive amount of material. Don’t forget to be succinct and to the point.

3. Ignoring Search Engine Optimization

Press release visibility may be restricted if search engine optimization is neglected. Make use of pertinent keywords and adhere to SEO best practices to improve your online visibility.

4. Neglecting to Proofread

Grammatical mistakes and typos can damage your trustworthiness. Make sure you proofread your press release several times and ask someone else to give it another look.

5. Ignoring the Human Factor

Adding quotes and anecdotes from your own life helps humanize and enhance your press release. Inform your audience with a tale that will connect with them instead of merely providing the facts.

By following these steps and best practices, you can create effective press releases that capture attention, convey your message clearly, and achieve your communication goals. Press release proficiency is crucial for effective media relations and brand communication, regardless of experience level in the industry.

Contact Information

Presslink Media
Email: inquiry@presslink.media

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The Crucial Role of Litigation Finance

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In the dynamic world of corporate governance, ensuring the protection of minority shareholders’ rights is paramount to fostering a healthy, transparent, and equitable business environment. Litigation finance has emerged as an indispensable tool in this context, providing minority shareholders with the means to enforce their rights and uphold corporate democracy. Ares Group, a portfolio company of Tactical Management, exemplifies this commitment by specializing in shareholder disputes and investor protection. This article delves into the importance of litigation finance in safeguarding minority shareholders’ rights, promoting investor protection, and enhancing corporate democracy.

Empowering Minority Shareholders

In corporate settings where majority stakeholders can dominate decisions, minority shareholders frequently find themselves at a disadvantage. This imbalance can lead to actions that may not always align with the interests of minority shareholders, such as unfair mergers, asset misappropriation, or exclusion from critical decision-making processes. Litigation finance levels the playing field by enabling minority shareholders to challenge these injustices without bearing the prohibitive costs of legal proceedings.

Ares Group offers the financial support required to pursue legal action, whether through direct funding or by purchasing claims, with the backing of Tactical Management. This empowers minority shareholders to seek redress for grievances, ensuring their voices are heard and their rights are protected.

Enhancing Investor Protection

Investor protection is a cornerstone of a robust and attractive investment environment. When investors, particularly minority shareholders, feel secure in the knowledge that their rights will be upheld, they are more likely to commit capital to a company. Litigation finance plays a crucial role in this regard by offering a safety net for investors who might otherwise be unable to afford the costs of defending their interests in court.

Ares Group’s specialization in investor protection means that investors can rely on a partner with the determination and persistence to pursue claims until a resolution is achieved. This unwavering commitment reassures investors that their investments are protected against potential malfeasance, fostering a climate of trust and stability.

Upholding Corporate Democracy

Corporate democracy is the principle that all shareholders, regardless of their stake size, should have a say in the governance of the company. This principle is vital for maintaining a fair and transparent corporate environment. However, achieving true corporate democracy can be challenging, particularly in cases where majority shareholders attempt to override the interests of minority stakeholders.

By giving minority shareholders the means to oppose activities that violate their rights, litigation funding helps to uphold corporate democracy. Ares Group makes sure that all shareholders can participate in the decision-making process by supporting legal challenges, which encourages accountability and transparency inside the organization.

Ares Group: A Distinct Method

Ares Group’s all-encompassing approach to investor protection and shareholder disputes is what makes it unique. In contrast to other organizations, Ares Group, operating under the auspices of Tactical Management, combines strong financial backing with a strong dedication to completing cases. This commitment guarantees minority shareholders receive help throughout the entire legal procedure rather than being left out in the cold.

Ares Group has demonstrated a flexible and inventive approach to litigation finance by financing legal battles or acquiring claims for profit-sharing arrangements. Because of their adaptability, they can customize solutions to meet the unique requirements of their clients, guaranteeing the fastest and most efficient settlement of shareholder conflicts.

Our diverse team of experts, which includes attorneys with expertise in corporate law, mergers and acquisitions, and investment law, is what sets Ares Group apart. This group collaborates with professionals in the fields of criminal law and bankruptcy, as well as capital market crisis investigators. Our broad range of experience allows us to approach complicated shareholder conflicts from several perspectives, guaranteeing comprehensive and successful legal solutions.

In summary

A potent instrument that ensures the defense of minority shareholders’ rights, supports corporate democracy, and increases investor trust is litigation finance. Firms such as Ares Group are essential in guaranteeing that all shareholders, no matter how big or small, can engage in and have an impact on corporate governance since they supply the funding necessary to take legal action. This helps to create a business environment that is more open, equitable, and democratic while also safeguarding individual investors.

The mission’s core values are summed up by Dr. Raphael Nagel, the founding partner of Tactical Management, a Hong Kong-based company: “You cannot wish for both strong character and an easy existence. Everybody’s cost equals every other’s.”

Tactical Management
Hong Kong

Dr. Raphael Nagel

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Grow Your Social Media with Quarero Model

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A strong social media presence is essential for businesses and personal brands all around the world. However, grow your social media audience can be challenging because of constantly changing algorithms and trends. That’s where Quarero comes in. We specialize in managing your social media content quickly and easily, using a unique model that takes advantage of social media algorithms to maximize your reach and engagement.

Social media platforms use algorithms to decide which content appears in users’ feeds. These algorithms look at factors like user behavior, engagement rates (likes, comments, shares), relevance to current trends or user interests, consistency in posting, and the quality of content. Understanding these algorithms is key to effectively growing your social media presence.

At Quarero, our team consists of industry experts, marketing specialists, and mathematicians. They bring a mix of talents and a deep understanding of social media algorithms. We create customized strategies tailored to your brand’s unique needs and goals, making sure your content is both relevant and engaging. We stay up-to-date with the latest changes in social media algorithms and use this knowledge to optimize your content, helping it reach a broader audience and achieve higher engagement rates.

Great content tells a story. Our team crafts compelling narratives that resonate with your audience, building a deeper connection and encouraging interaction. We use advanced analytics to track the performance of your social media campaigns, allowing us to continuously improve our strategies and deliver the best results. Consistency is key, so we make sure all your social media content matches your brand’s voice and look, creating a cohesive and recognizable online presence.

By focusing on engagement, we help your content gain traction in social media algorithms. Higher engagement rates lead to increased visibility and organic growth. At Quarero, we don’t just manage social media – we create experiences that leave a lasting impact on your business and personal brand. Our holistic approach ensures that your social media presence is strong and sustainable.

Ready to take your social media presence to the next level? Let Quarero help you grow your audience, enhance your brand, and achieve the success you deserve. Contact us today to start your journey to social media excellence!

Quarero Marketing Accelerator
Dubai

Marcus Köhnlein

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New UAE Corporate Tax Impact on Businesses

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Dubai, UAE – 24 July 2024 – Nagel & Partners, a leading consultancy firm specializing in business formation, legal compliance, and tax optimization, is pleased to present an exclusive interview with Senior Partner Veronica Cabrera on the recently introduced UAE corporate tax and its potential impact on businesses operating in the region.

The New UAE Corporate Tax

In a landmark move, the UAE has announced the implementation of a federal corporate tax, set to come into effect on 1st June 2023. This significant policy change aims to diversify government revenue sources and align with international tax standards. Veronica Cabrera, Senior Partner at Nagel & Partners, provides insights into what businesses can expect and how they can prepare.

Q: What are the main aspects of the new UAE corporate tax?

Veronica Cabrera: “The new UAE corporate tax will apply to all businesses, including those in free zones that previously enjoyed tax exemptions, with certain exceptions. The tax rate is set at [specific rate], which is competitive globally. The policy includes provisions for deductions, credits, and compliance requirements that businesses need to understand thoroughly.”

Q: How will this new tax impact businesses operating in the UAE?

Cabrera: “The impact will vary across sectors. Multinational companies might face more significant adjustments due to their global tax strategies. For SMEs, the introduction of corporate tax could initially seem daunting, but it’s an opportunity to streamline operations and enhance financial transparency. Overall, businesses must reassess their financial planning and ensure compliance to avoid penalties.”

Q: What should businesses do to prepare for this new tax regime?

Cabrera: “Preparation is crucial. Businesses should start by conducting a comprehensive review of their financial and tax positions. This includes understanding allowable deductions, preparing accurate financial statements, and potentially restructuring to optimize tax liabilities. Seeking expert advice to navigate these changes can save businesses from costly mistakes.”

Q: How can Nagel & Partners assist businesses in adapting to the new corporate tax?

Cabrera: “At Nagel & Partners, we offer tailored consulting services to help businesses transition smoothly. Our team of tax experts can assist with compliance, tax planning, and optimization strategies. We provide ongoing support to ensure that businesses not only meet their tax obligations but also leverage the new system to their advantage.”

Q: What long-term effects do you foresee from the introduction of corporate tax in the UAE?

Cabrera: “In the long term, the introduction of corporate tax is likely to enhance the UAE’s global standing by aligning it with international tax norms. This move can attract more foreign investment by providing a more transparent and predictable business environment. For businesses, this means a need for greater financial discipline and strategic planning, which can lead to more sustainable growth.”

About Nagel & Partners

Nagel & Partners is a premier consultancy firm specializing in business formation, legal compliance, tax optimization, and ESG strategies in Dubai. With a proven track record of success and a commitment to excellence, we provide comprehensive support to businesses seeking to establish or expand their presence in the global market.

For more information on how Nagel & Partners can assist your business with the new UAE corporate tax, please visit www.nagelpartners.com or contact legal@nagelpartners.com

Contact Information:

Nagel & Partners
RAKEZ Amenity Center Al Hamra Industrial Zone-FZ

RAK, United Arab Emirates
legal@nagelpartners.com
www.nagelpartners.com

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New Sustainability Initiatives and Green Technologies

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Ontario, Canada – July 24, 2024 Taskforce Solutions, a leading provider of Digital Transformation as a Service (DTaaS), is proud to announce a series of innovative sustainability initiatives and the implementation of green technologies designed to support businesses in achieving their environmental goals while enhancing operational efficiency.

As global awareness of environmental issues continues to grow, Taskforce Solutions is committed to driving positive change by integrating sustainability into its digital transformation services. These new initiatives are a testament to Taskforce Solutions’ dedication to reducing the environmental impact of business operations and promoting sustainable growth.

Key Sustainability Initiatives:

Energy-Efficient Cloud Solutions: Taskforce Solutions is partnering with leading cloud providers to offer energy-efficient cloud computing services that significantly reduce carbon footprints. These solutions utilize state-of-the-art data centers powered by renewable energy sources.

Green Data Analytics: The introduction of green data analytics tools enables businesses to optimize their energy consumption and resource utilization. By leveraging advanced analytics, companies can identify and eliminate inefficiencies, leading to substantial energy savings.

AI-Powered Sustainability: Taskforce Solutions is deploying artificial intelligence (AI) to enhance sustainability efforts. AI algorithms help predict and manage energy usage, optimize supply chains, and reduce waste, contributing to a more sustainable operational model.

Cybersecurity for a Greener Future: Recognizing the importance of secure and sustainable practices, Taskforce Solutions offers cybersecurity solutions designed to protect digital infrastructure while minimizing energy consumption and electronic waste.

Remote Work Solutions: Promoting remote work and virtual collaboration tools, Taskforce Solutions enables businesses to reduce their carbon footprint associated with commuting and office energy use. These solutions also support workforce flexibility and productivity.

“We believe that digital transformation and sustainability go hand in hand,” said Marcus Köhnlein , Managing Partner of Taskforce Solutions. “Our new initiatives reflect our commitment to helping businesses transition to greener practices while leveraging cutting-edge technologies to drive innovation and efficiency. By integrating sustainability into our DTaaS offerings, we are not only supporting our clients’ environmental goals but also paving the way for a more sustainable future.”

About Taskforce Solutions:

Taskforce Solutions is a premier provider of Digital Transformation as a Service (DTaaS), offering comprehensive solutions that include strategic planning, implementation, and ongoing management of digital technologies. With a focus on cloud computing, data analytics, artificial intelligence, and cybersecurity, Taskforce Solutions empowers organizations to achieve their digital goals efficiently and sustainably.

For more information about Taskforce Solutions and their sustainability initiatives, please visit https://taskforce.solutions/ or contact inquiry@taskforce.solutions.

Media Contact:

Taskforce Solutions

inquiry@taskforce.solutions

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