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If you're in the throws of setting up a new company, you'll be aware that an office is an essential part of the process and needed in order to get a trade license. Take a look at how you can systematically approach this process.

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Engaging Startups and Innovation at the Islamic Development Bank (IsDB) Group 2025 Annual Meetings in Algeria
Engaging Startups and Innovation at the Islamic Development Bank (IsDB) Group 2025 Annual Meetings in Algeria

Zawya

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Engaging Startups and Innovation at the Islamic Development Bank (IsDB) Group 2025 Annual Meetings in Algeria

The Islamic Development Bank (IsDB) Group's 2025 Annual Meetings ( reaffirmed the strategic importance of startups and youth-led innovation in driving inclusive and sustainable development. Through a series of high-impact engagements, The Islamic Development Bank Group emphasized how entrepreneurial ecosystems can address pressing global challenges while unlocking new pathways for economic transformation. 3rd IsDB Startups Innovation Pitch Competition: Catalyzing Change through Innovate Entrepreneurship Held from May 18 to 21, 2025, under the theme 'Diversifying Economies, Enriching Lives,' the 3rd IsDB Startups Innovation Pitch Competition provided a dynamic platform for emerging entrepreneurs to present innovative solutions in key sectors such as digital transformation, climate resilience, and the creative economy. The competition was preceded by a multi-day bootcamp that equipped participants with essential skills and mentorship. Notably, the event featured a strategic Innovation Lab Partnership with the Ministry of Knowledge Economy, Startups and Microenterprises in Algeria, and Algeria Venture, highlighting strong local engagement and institutional support for entrepreneurship. Innovate startups showcased their solutions to a global audience, fostering connections with investors, development partners, and policymakers. The pitch sessions not only elevated the visibility of promising ventures but also underscored the role of innovation in enhancing socio-economic resilience across IsDB member countries. Private Sector Forum: Investing in Innovation and Employment Alongside the pitch competition, the Private Sector Forum (PSF) convened key CEO's Governors stakeholders to discuss mechanisms for mobilizing private capital toward sustainable development. A central highlight was the launch of the next phase of the IsDB Group Private Sector Investment Lab, which aims to expand its membership base and scale up job creation efforts through enhanced private sectors collaboration. This initiative reflects the IsDB Group's continued commitment to bridging the financing gap for startups and SMEs while catalyzing impactful investment in high-potential sectors. Outlook: Key Focus Areas Emerging from the 2025 Annual Meetings Building on the insights and momentum from the Algeria-hosted Annual Meetings, the following areas are anticipated to shape the Bank's future direction: Startup Growth and Innovation: Continued emphasis on youth entrepreneurship as a driver of transformation, with increased support for startup ecosystems through incubation, mentorship, and financing platforms. Private Sector Engagement: A reinforced focus on enabling business environments through regulatory reforms, investment facilitation, and strategic partnerships. Climate Action and Sustainable Development: Highlighting startups advancing green technologies, clean energy, and climate-resilient solutions as vital contributors to achieving the Sustainable Development Goals (SDGs). For more information and ongoing updates on the IsDB Group's innovation and entrepreneurship programs, please visit the official websites of the: IsDB Group Annual Meetings (AM) Private Sector Forum (PSF 2025) Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

Trump tariffs stoke supply chain worries for US businesses, survey shows
Trump tariffs stoke supply chain worries for US businesses, survey shows

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timea day ago

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Trump tariffs stoke supply chain worries for US businesses, survey shows

A majority of U.S. business owners are worried about supply chain disruptions from President Donald Trump's sweeping tariffs, a survey by insurance brokerage Gallagher showed on Tuesday. WHY IT'S IMPORTANT The findings come as Trump's tariff policies raise fears of renewed trade friction, posing risks of strained operations, higher costs and disrupted sourcing strategies for U.S. businesses across sectors. The trade war has already cost companies more than $34 billion in lost sales and higher costs, a Reuters analysis of corporate disclosures, showed last week. KEY QUOTES "Our survey showed supply chain disruptions were a concern to business owners, with 90% reporting they are concerned about the impact of tariffs on their businesses," Chairman and CEO J. Patrick Gallagher told Reuters. "Global supply chains, strained by geopolitical conflicts and extreme weather events, remain vulnerable to disruptions," he said, adding that owners are taking steps to ensure they are diversified and protected from potential impacts. BY THE NUMBERS In a survey of 1,000 U.S. business owners, 72% said they are very concerned about cyber attacks over the next 12 months, while 69% cited supply chain disruptions and severe weather as top risks. On top of that, nearly all U.S. business owners said they are at least somewhat concerned about the impact of AI on their business over the next 12 months, up from 85% a year earlier. Among U.S. business owners with insurance coverage, nearly 87% made a claim in 2024. For most, each of those claims was $25,000 or more, but only some of those claims were covered by various policies, the Gallagher survey showed. CONTEXT Supply chain stability is critical for businesses to manage costs, meet customer demand on time, and maintain smooth operations without unexpected delays or inventory shortfalls. The backdrop of geopolitical tensions, climate-related disruptions, and rising cybersecurity threats has added to the uncertainty facing U.S. companies. (Reporting by Manya Saini in Bengaluru; Editing by Shounak Dasgupta)

Khalifa Fund for Enterprise Development signs agreement with Inovartic Investment to support startups in UAE gaming sector
Khalifa Fund for Enterprise Development signs agreement with Inovartic Investment to support startups in UAE gaming sector

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Khalifa Fund for Enterprise Development signs agreement with Inovartic Investment to support startups in UAE gaming sector

Abu Dhabi - Khalifa Fund for Enterprise Development (KFED) has entered into a strategic agreement with the Inovartic Investment to enhance bilateral cooperation and support startups in the gaming sector in the UAE. At the centre of this agreement is a comprehensive framework designed to support early-stage gaming enterprises by offering incubation services, specialised training programs, and financial support. These initiatives will help developers design, build, and successfully bring to market original gaming content. Additionally, the agreement will deliver capacity-building programs to enhance expertise in areas such as game design and storytelling, in line with international best practices. A significant emphasis will also be placed on developing culturally inspired intellectual property that highlights Emirati heritage through authentic narratives, further supplementing the gaming sector with local content. To further accelerate innovation, the collaboration will focus on streamlining the commercialisation of gaming prototypes, enhancing investor pitch strategies, and improving pathways for successful launch of products in the market. Additionally, the agreement will pave the way for joint events and exhibitions that will showcase local talent and groundbreaking projects, increasing their visibility and impact on a larger scale. Mouza Al Nasri, Acting CEO of Khalifa Fund for Enterprise Development, said: 'This partnership represents a significant milestone in our commitment to supporting and empowering Emirati entrepreneurs within the gaming industry. By cultivating an environment that advocates creativity and innovation, we seek to unlock the capabilities of local talent in this dynamic field. Our collaboration with Inovartic Investment reflects our steadfast dedication to strengthening the knowledge economy and promoting sustainable development across diverse sectors, in alignment with the UAE's long-term national vision.' Saif Al Darmaki, Chairman and Co-Founder of Inovartic Investment, stated: "This agreement marks a transformative chapter in shaping the UAE's future creative economy. By uniting strategic incubators with the rich legacy of Emirati storytelling, we are empowering a new generation of game developers to craft globally resonant intellectual properties — rooted in Abu Dhabi's vision. Our collaboration with Khalifa Fund underscores a shared ambition: to drive innovation, celebrate local heritage, and position Abu Dhabi as the region's premier hub for gaming industry." Anwar Hussain, Managing Partner and Co-Founder of Inovartic Investment, said: "We are honoured to partner with Khalifa Fund in driving transformative growth within the gaming industry. This collaboration goes beyond nurturing startups — it is about building a dynamic ecosystem where creative talent, cultural heritage, and global vision converge. Together, we are empowering Emirati innovators to redefine the gaming landscape, ensuring their influence extends from the UAE to the world stage." This partnership underscores the shared dedication of both organisations toward nurturing a vibrant entrepreneurial ecosystem in the gaming sector. It marks a strategic move toward driving innovation and sustainable growth in the sector, while cementing the UAE's role as a centre for digital creativity. By providing financial support, skill development, and startup acceleration, Khalifa Fund and Inovartic Investment jointly aim to build an integrated ecosystem that supports the UAE's broader economic aspirations. Together, they strive to elevate Abu Dhabi's position as a leading regional hub for gaming, aligned with global standards, offering transformative opportunities and innovative solutions to entrepreneurs and creatives alike. About Khalifa Fund for Enterprise Development: The Khalifa Fund is an independent, non-profit organisation affiliated with Abu Dhabi Government. Its mission is to nurture the culture of entrepreneurship, promote innovation, and offer support for small and medium-sized enterprises (SMEs) within the UAE through a balanced ecosystem. Founded in 2007 in accordance with Law No. 14 of 2005 and its amendments, the Fund was established to align with the vision of the late Sheikh Khalifa Bin Zayed Al Nahyan, former President of the United Arab Emirates.

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