Omantel Innovation Labs and Hafeet Rail conclude hackathon with groundbreaking AI and IoT solutions

The Omantel – Hafeet Rail Hackathon, held in Al Buraimi, Oman, from December 12-15, 2024, brought together over 15 teams to create AI and IoT-based solutions in energy, logistics, and environmental sectors. The event aimed to foster innovation and empower Omani talent, contributing to sustainable growth and digital transformation in Oman.

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Arzan Venture Capital Partners with Ahmad Takatkah to Launch Revenya Capital, Empowering MENA Tech Startups with Revenue-Based Financing

Arzan Venture Capital has partnered with Ahmad Takatkah to launch Revenya Capital, a revenue-based financing firm focused on empowering tech startups in MENA. With an initial investment of $2 million, Revenya Capital aims to provide flexible, non-dilutive financing, leveraging AI to offer short-term loans for high-growth startups.

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Sohar International Launches Fully Digital E-Mandate Direct Debit Solution to Transform Recurring Payments in Oman

Sohar International has launched its fully digital E-Mandate Direct Debit solution, streamlining recurring payments for individuals and businesses. This initiative enhances efficiency, security, and convenience while promoting sustainability by reducing paper usage. The new service reflects the bank’s commitment to financial innovation and aligns with Oman’s digital transformation efforts.

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