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. “It 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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Get Microsoft Office and Core Finance Courses for One Price

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

If there’s one software that every entrepreneur should have, it’s Microsoft Office. Virtually everyone has some familiarity with Microsoft Office, and it’s extremely useful for entrepreneurs in all industries.



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However, if you’re a new entrepreneur who doesn’t want to shell out on Microsoft Office, you’re in luck. With Microsoft Office Professional 2021 and finance courses from Chris Haroun, you’ll get a comprehensive package that could help you start and manage your first business.

The bundle, obviously, is highlighted by a lifetime license to Microsoft Office 2021 Professional for Windows. This gives you access to Word, Excel, PowerPoint, Outlook, Teams, OneNote, Publisher, and Access — all of the top tools in

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Top Masters in Finance degrees of 2022

Good afternoon from London. We have just published our 2022 ranking of masters finance courses around the world. French business schools continue their winning streak, while London Business School retains its lead in providing programs for experienced professionals.

Demand for masters in finance qualifications remains strong, but business schools are facing more competition from other training providers.

Thank you for reading Business School Briefing and have a great week — Wai Kwen Chan and Andrew Jack

FT Masters in Finance rankings of 2022: the results are out

HEC Paris is number one in our league table of postgraduate finance courses for students with little or no experience and French schools take the top five places.

We also reveal the top three finance masters for those who already have professional experience in the sector.

You can learn how the tables were compiled, find out how business schools are tackling financial

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Sonovate: Why Is Business Finance Lagging Behind Embedded Finance?

Embedded finance is already bringing significant disruption to the consumer market. So why is business finance lagging behind?

Sonovate co-founder and co-CEO, Richard Prime
Richard Prime

This is the narrative explored here by Sonovate‘s co-founder and co-CEO, Richard Primewho delves into the success of embedded finance, and what the industry can take from that journey to better the business financing journey.

Sonovate itself is a tech-driven financing platform for businesses to access and manage their funding requirements through its app or via its API. Created to make it easier for businesses and individuals to run and manage their working lives, to date, the platform has funded over £2.5billion in over 40 countries.

The pandemic has shifted the needs and expectations of consumers when it comes to accessing finance, and indeed the way in which they do so. Over the past two years, embedded finance has flooded the consumer market, with services such as afterpay

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The Benefits of Having a Banking Expert on Your Side

A business banker has several benefits that can help you succeed. In addition to handling your business’ financial needs, they can advise you on the best ways to increase your profits and reduce expenses. A banking expert can help you determine your business’ strengths and weaknesses and suggest creative solutions based on their experiences with other clients. It would help if you also considered how the business banker could help you market your products and services and increase profits.

Primary duties of a banking expert

The primary duties of a banking expert include the following: contribute to branch sales objectives, identify customer problems and needs, and recognize cross-selling opportunities. Other duties include handling deposits and account requests, answering customer questions, providing consultation, and coordinating with senior management decision-makers. They also perform various tasks, including completing financial profiles, compliance, and risk management. These jobs also require advanced knowledge of banking systems

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US failed to stop fraud in COVID business loans

A masked person walks past a sign that says "Store for Rent" with 1,000 square feet available and a phone number

A Store For Rent sign is displayed at a retail property in Chicago, on June 20, 2020. As much as 20% of a pandemic relief program to help small businesses is believed to have gone to fraudsters. (AP Photo: Nam Y. Huh)

June 14, 2022
3:23 pm

As much as 20% of a pandemic relief program to help small businesses is believed to have gone to fraudsters.

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PACT Capital’s Adam Mortanian Named to Forbes Finance Council

LOS ANGELES–(BUSINESS WIRE)–Adam Mortanian, Co-Founder and Managing Director of PACT Capitala leading mortgage banking and capital advisory firm, has been named to the Forbes Finance Council, an invitation-only community for executives in accounting, financial planning, wealth and asset management, and investment firms.

Mortanian was vetted and selected by Forbes Councils’ review committee based on the depth and diversity of his experience. Criteria for acceptance includes a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

“It’s truly an honor to be invited to join the Forbes Finance Council,” said Mortanian. “The Forbes name and brand are iconic and synonymous with financial knowledge and expertise. I’m excited to share ideas, best practices and thought leadership with my fellow council members and further cement the unique leadership role PACT Capital has established in the real estate lending space.”

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