News
Celtic Faces Backlash from The Green Brigade Regarding Palestine
The Green Brigade has criticized Celtic for their response regarding the demonstration of solidarity with Palestine within Parkhead.
This development follows the demonstration of solidarity by the fan group during their weekend match against Kilmarnock. Throughout the game, Palestinian flags were prominently displayed, accompanied by banners bearing the message: “Free Palestine. Victory To The Resistance!”
This action took place during the same weekend when Hamas “the Palestine resistance”, initiated an attack on Israel from the occupied Gaza Strip.
The club has strongly disapproved of those individuals who seek to ‘utilize Celtic Park as a platform for conveying such messages.’
In response, the Green Brigade has issued a counterstatement, urging Celtic supporters to ‘display the Palestinian flag’ during the upcoming Champions League match against Atletico Madrid.
Their statement emphasizes the group’s unwavering conviction that they, along with fellow football fans, possess the right to express their political viewpoints within the stadium, much like ordinary citizens exercise their right to do so in other facets of society. They assert that football represents one of the few domains in public life where working-class individuals maintain authentic political influence, and they refuse to be subjected to the directives of a governing board they perceive as elitist and consistently disdainful of Celtic Football Club’s history and traditions.
“Celtic was born out of famine and oppression, a product of colonial rule, death, and the mass displacement of people. It is because of this history that Celtic fans are renowned for their empathy and solidarity; consistently siding with the oppressed and destitute. This fact is not lost on the PLC as it regularly flirts with the idea, particularly where it can be commodified, yet the board is quick to condemn when the views expressed challenge their worldview, disingenuously then proclaiming to be apolitical.
“The current hypocrisy of the PLC is sadly in step with much of the political and media class, epitomised through the example of Ukraine. Political messaging was welcome at Celtic Park then; yet it is being condemned now. The question on any reasonable mind should be why? Why are Ukrainian lives more sacred than Palestinian lives?
“The Green Brigade remains unequivocal in our support for the Palestinian people, as we have been consistent. We have supported various Palestinian projects throughout our history and for over a decade have developed a close relationship with Aida Refugee Camp culminating in the formation of the Aida Celtic football academy in Bethlehem. We send our sincere solidarity and prayers to our friends across all of Palestine at this traumatic time when yet again much of the international community turns its back in cowardice while war crimes are inflicted on a largely defenseless, imprisoned population.
“We call on the Celtic support – the true custodians of Celtic Football Club – to stand on the right side of history. In 2016, we defiantly raised the flag and matched the fine for Palestine. Now, more than ever, the Palestinian people need our solidarity.
“On 25th October, v Atletico Madrid, we ask all Celtic fans to raise the Palestine flag on the European stage and show the world that Celtic Football Club stands with the oppressed, not the oppressor. We must apply learning from apartheid South Africa to dismantle apartheid Israel – if we are neutral in situations of injustice, we have chosen the side of the oppressor.
“In the meantime, we encourage fans to donate to the MAP Gaza Emergency Fund.”
Celtic’s statement last night read: “Banners displayed in a section of Celtic Park prior to Saturday’s game do not represent the views of Celtic Football Club and we disassociate ourselves from them. We condemn the display of such messages at Celtic Park.
“Celtic is a football club and not a political organization. One of our core values from inception is to be open to all regardless of race, color, politics, or creed. That is why the Club has always made clear that political messages and banners are not welcome at Celtic Park, or any match involving Celtic. At a time of loss and suffering for many, it is entirely inappropriate for any group of individuals to use Celtic Park as a vehicle for such messages.
“We call on all supporters, regardless of their personal views, to unite in backing our players and the club while respecting the rights and beliefs of others; particularly those whose lives are affected by violence and hatred.”
News
Saudi Fintech Lendo Signs MOU with J.P. Morgan
Lendo, a Saudi Arabia-based Shariah-compliant crowdlending marketplace, has signed a Memorandum of Understanding (MOU) today with J.P. Morgan to improve access to financing for small and medium-sized enterprises (SMEs) across the country.
The MOU was signed during 24 Fintech, a premier fintech event that brings together industry leaders, innovators, and investors in Riyadh.
J.P. Morgan and Lendo are working together on potential opportunities to support the SME sector in Saudi Arabia in growing and sustaining the remarkable demand in this market.
“This strategic collaboration with J.P. Morgan, a pioneer in the financial industry, marks a significant milestone for Lendo,” said Osama Alraee, CEO and co-founder of Lendo. “By combining our strengths, we’ll deliver cutting-edge financial solutions to SMEs, supporting their growth and contributing directly to the realization of Saudi Arabia’s Vision 2030.”
The SME financing landscape in MENA presents a substantial market opportunity as limited financial access continues to restrict the growth of the region’s businesses, with commercial banks hesitant to issue loans to SMEs at scale, resulting in a high percentage of declined financing requests annually.
The total SME financing gap in developing countries is estimated to be approximately $5.2 trillion, according to the International Finance Corporation (IFC).
Lendo’s debt crowdfunding platform aims to bridge the financing gap for SMEs, aligning with Saudi Vision 2030’s goal to significantly expand SME lending from 4% in 2018 to 20% by 2030.
According to the latest available report from the Saudi Central Bank (SAMA), the total value of debt crowdfunding in Saudi Arabia surged from SAR 1.4 million in 2019 to SAR 771 million in 2022, marking a remarkable growth.
Lendo raised SAR 132 million ($35.2 million) in total funding from leading investors, including the most recent Series B led by Sanabil Investments, a wholly-owned company by the Public Investment Fund (PIF).
Since its inception in December 2019, Saudi fintech Lendo has processed over 5,000 financing transactions on its platform, providing over SAR 2 billion ($600 million) in financing to SMEs and generating SAR 280 million ($74 million) in returns for investors.
News
TA Telecom Introduces AnteThink: A New AI Decision Support Tool
TA Telecom, a prominent player in the Middle East’s tech sector, has unveiled AnteThink, an AI-driven tool designed to enhance decision-making processes for individuals and businesses alike.
With a history of influencing the tech landscape through various initiatives, including advanced mobile solutions, high-volume payment platforms, and ventures in e-commerce, fintech, and analytics, TA Telecom has carved a niche for itself. Serving a vast user base of 40 million and processing an impressive 15 billion transactions across its platforms, TA Telecom has cemented its position as a tech industry leader, with some of its ventures achieving the status of Y Combinator companies.
Established in 2000, TA Telecom has emerged as a prominent player in the technology sector. With over 40 million users and processing 15 billion transactions annually, TA Telecom has made a notable impact. Recognized for its contributions by the Financial Times and featured on Deloitte’s list of fastest-growing tech companies in EMEA, TA Telecom is known for its adaptability and forward-thinking approach in the ever-evolving global tech landscape.
Sameh Ibrahim, CEO of TA Telecom, highlights the potential of AnteThink: “AnteThink reflects our commitment to leverage technology for practical impact. It aims to provide clarity and confidence in decision-making, whether in the professional or personal sphere. AnteThink is a tool that can empower startup founders, executives, and individuals to make more informed choices, alleviating the stress and uncertainty often associated with critical decision-making.”
Mostafa Ashour, CEO of Y Combinator-backed startup NowPay, shared his perspective on AnteThink: “AnteThink transformed our strategic planning, allowing us to explore various scenarios and prepare for different outcomes. It has strengthened our decision-making process, helping us navigate the complexities of the business landscape.”
AnteThink embodies TA Telecom’s commitment to innovation, focusing on supporting the startup ecosystem. The tool is tailored to help leaders and executives navigate the complexities of business management and strategic development by providing a clear picture of potential outcomes.
Key Features of AnteThink include:
1. Second Order Mode: Offering a comprehensive analysis of broader impacts, fostering a strategic mindset for long-term success.
2. Optionality Mode: Enabling detailed evaluation and comparison of different choices to ensure decisions align with strategic objectives and values.
3. Inversion Mode: Focusing on identifying and mitigating potential risks, thereby strengthening risk management strategies.
AnteThink’s advanced AI technology aims to assist decision-makers with insightful analytics, offering guidance through the decision-making process.
News
GoDaddy’s Global Markets VP Predicts Egypt’s E-commerce to Hit $9.88 Billion by 2028
Selina Bieber, the Senior Director of Global Markets at GoDaddy, has predicted a significant increase in Egypt’s e-commerce revenue. By 2028, it could reach $9.88 billion.
Godaddy is forming strategic partnerships and launching initiatives to help local entrepreneurs. These efforts align with Egypt’s digital transformation goals and its Vision 2030.
In an interview with the Arabic financial news “Amwal Al Ghad,” Bieber spoke about GoDaddy’s plans and how they match Egypt’s 2023 strategy. She highlighted the company’s aim to provide effective, easy-to-use digital tools and services. By 2024, GoDaddy wants to serve more customers in Egypt by making its digital tools more widespread.
The company is working closely with the Egyptian government, especially the Ministry of Planning. They are offering training programs to improve the digital skills of startups and existing businesses. GoDaddy’s services in Egypt include domain registration, web hosting, e-commerce solutions, and digital marketing tools.
Recent surveys support Bieber’s positive outlook for e-commerce in Egypt. They show a clear trend towards digital strategies among small businesses. Many are realizing the importance of having an online presence for their growth and success.
As GoDaddy continues its partnerships and supports government digital initiatives, its influence on Egypt’s digital landscape is growing. The company is committed to sustainability and reducing its carbon footprint. It aims not just for business growth but also to contribute to a sustainable and thriving digital economy in Egypt.
The 2028 projection indicates a vast potential for e-commerce, with GoDaddy playing a key role in this digital evolution.
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