Month: July 2022

KPMG’s business in UAE split by partner infighting and coup attempt

KPMG’s business in the United Arab Emirates has been split by infighting, with the chief executive surviving an attempted coup after two senior partners raised governance concerns and were subsequently fired.

The accounting group’s Lower Gulf business was pitched into turmoil last week as a group of partners planned a secret ballot to determine whether Nader Haffar, KPMG’s chief in the region since 2018, had lost their support, according to current and former insiders.

Haffar would have faced removal if three-quarters of the firm’s 60 partners had said they had lost confidence in him, the insiders said.

However, the momentum for the uprising had stalled on Friday and the vote was called off, according to one of the people. β€œIt looks like Nader has survived for now,” the person said.

The two senior partners who lost their jobs over the past month sat on KPMG Lower Gulf’s executive committee. Insiders

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Funding Circle, DreamSpring Partner to Increase Access to Capital for Small Business Owners in Underserved Communities

Online lending platform‘s lending-as-a-service program expands nonprofit community development financial institution’s equitable lending reach and impact

DENVER, July 05, 2022–(BUSINESS WIRE)–Funding Circleone of the nation’s leading online small business loans platforms, and DreamSpring, a nonprofit community development financial institution (CDFI) with nearly 30 years of experience in community lending, has launched a new partnership to increase access to funding for small business owners in underserved communities across the nation. The new partnership aligns with both organizations’ shared commitment to advancing entrepreneurship and innovation by providing equitable access to capital to small businesses.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220705005130/en/

through this lending-as-a-service program, DreamSpring will be able to expand its distribution and impact throughout the nation and originate more loans faster and at a lower cost, all while ensuring a seamless experience for customers. DreamSpring small business customers who

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New UK finance minister Zahawi inherits faltering economy, soaring inflation

British new Finance Minister Nadhim Zahawi leaves 10 Downing Street, in London, Britain, July 5, 2022. REUTERS/Henry Nicholls

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LONDON, July 5 (Reuters) – Britain’s new finance minister Nadhim Zahawi takes the reins of an economy struggling under the strain of nearly double-digit inflation and a slowdown that looks set to be more severe than in most of the world’s other big nations.

Like his predecessor Rishi Sunak, Zahawi will face pressure to spend more and cut taxes from lawmakers in Prime Minister Boris Johnson’s Conservative Party who has been stung by a slump in the party’s popularity.

The former education minister – who co-founded opinion polling firm YouGov before entering parliament – will also be expected to play a key role in settling the still-unfinished business of Brexit with Britain and the European Union.

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Boxlight to Appoint Greg Wiggins as Chief Financial Officer

DULUTH, Ga., June 14, 2022–(BUSINESS WIRE)–Boxlight Corporation (Nasdaq: BOXL), a leading provider of interactive technology, digital signage and software solutions, today announced that Greg Wiggins will be appointed as Chief Financial Officer commencing on July 5, 2022. As previously reported, Patrick Foley, the Company’s current CFO, will be stepping down for personal reasons. Mr. Foley will remain with Boxlight until July 29, 2022 to assist with the transition.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220614006015/en/

Greg Wiggins, Chief Financial Officer (Photo: Business Wire)

Mr. Wiggins is a certified public accountant with more than 15 years of experience providing corporate finance leadership to high-growth companies. Since 2019, Mr. Wiggins has served as an Assurance Director at BDO USA, LLP where he performs critical tasks associated with assurance and risk management, utilizing advanced knowledge of US GAAP and SEC reporting rules. Previously, from 2017 to

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