Yabi by Souqalmal Yabi by Souqalmal is the first financial education platform in the UAE.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Yabi By Souqalmal
Ambareen Musa, founder and CEO, Yabi By Souqalmal

Yabi by Souqalmal's mission is to educate two million adults by 2025 about how to manage their money. Yabi is the first financial education platform in the UAE with online classes about personal finance, which ranges from budgeting, to how to allocate their assets. The company teaches UAE residents how to budget, how to invest, how to get credit- all of this to bring them to financial independence.

  • FOUNDED IN: 2022
  • SECTOR: Edutech

"The financial literacy rate in the UAE is around 30%, and it is below global average. Yabi is here to solve this. Bringing online classes by the UAE experts, such as the CEO of Al Etihad Credit Bureau, CFO of du, CIO of EmiratesNBD, brings credibility to our program. Increasing financial literacy is directly correlated with gross domestic product growth, as residents understand how to use credit, and start investing their money back into the market, creating a multiplier effect."

Click here to see the full Future 100 list.

Technology

Dubai Introduces AI Seal to Certify Trusted AI Companies

AI companies that receive an official stamp of approval will gain a competitive advantage in government projects.

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Business News

Authors Are Suing OpenAI Because ChatGPT Is Too 'Accurate' — Here's What That Means

It's one of two suits filed on Wednesday — and experts believe there are more to come.

Science & Technology

Google Hires Longtime Car Exec to Head Up Its Driverless Car Division

John Krafcik has previously worked at Ford, Hyundai and online car sales company TrueCar.

Franchise

The 3 Strategies We Used to Open 24 New Real Estate Franchises in Just One Year

Whether in the real estate industry or an unrelated field, the formula is the same: Combine the right people in the right places with unparalleled support and resources.

Thought Leaders

9 Inspirational Quotes From Billionaire Entrepreneur Bill Gates

Words of wisdom from the most successful Harvard dropout.