Omani fintech startup Mamun Crowd Financing has surpassed RO1 million in Sharia’a-compliant funding within a year of its launch. The platform supports various sectors in Oman by connecting investors with businesses in need of financing. Mamun plans to expand its offerings with new investment products, continuing to fuel economic growth.
The Pakistan Telecommunication Authority (PTA) has requested an extension for the VPN registration deadline beyond November 30, 2024, due to concerns about the complexity of the process. The Interior Ministry previously mandated registration of unregistered VPNs to curb misuse, including accessing illegal content and ensuring compliance with security regulations.
AHOY has launched its Startup Builder Initiative to support 10,000 entrepreneurs and empower 30,000 developers across MENA by 2030. The initiative, backed by decentralized AI and a startup community platform, will drive innovation in sectors like logistics, mobility, and smart cities. AHOY aims to accelerate startup growth and global expansion.
Wa’ed Ventures and Sumitomo have invested $30 million in Zension Technologies, a Riyadh-based startup offering a tech subscription model. The new funding will help launch Zaam, a platform for tech subscriptions in the UAE and Saudi Arabia, aiming to extend device lifespans and reduce e-waste in the region.
stc, in partnership with Ordable, hosted a digital marketing workshop in Kuwait to empower local entrepreneurs and SMEs. The event provided insights into effective digital marketing strategies, enhancing participants’ skills to drive business growth and engage customers more effectively.
Zain highlighted its 5G and AI advancements at the MBBF 2024 in Istanbul, showcasing its leadership in digital innovation. The company demonstrated its AI-powered network optimization and its participation in the 5G-AxAI program, emphasizing its commitment to enhancing network performance and customer experience in Kuwait.
This service allows customers to make purchases and pay in installments over time, providing a hassle-free shopping experience.
DEWA is showcasing its EV Green Charger initiative at the ITS World Congress 2024 in Dubai, emphasizing its commitment to sustainable transport and smart mobility, aligned with Dubai’s strategic energy and carbon reduction goals.
Algeria’s “Switch mobile” project enables instant interbank transfers and account-to-account payments via QR codes, connecting bank and Algeria Post applications. This initiative, part of the National Electronic Payment Strategy, aims to enhance financial inclusion and modernize payment methods in Algeria.
Telenor Pakistan and ZTE Corporation have achieved a new data transmission record of 1.9 Gbps over a distance of 11.6 kilometers. This trial utilized advanced MIMO technology and aims to enhance Pakistan’s telecom infrastructure, improving network capacity and expanding high-speed Internet services across the country.
