News

Cadillac’s LYRIQ “Al Awael” Has Arrived In The UAE & Kuwait

The carmaker’s latest electric vehicle offers high levels of luxury and comfort, plus premium in-car entertainment and active road-noise cancellation.

Published

1 year ago

July 17, 2023

Nour Nasir

Cadillac

Cadillac has brought its first-ever electric vehicle, the LYRIQ, to the UAE and Kuwait. The new model will roll out first as a special edition called Al Awael — meaning “the firsts” in Arabic.

The carmaker initially launched the LYRIQ in the USA and China before unveiling the EV in the Middle East. The limited edition version of this hotly-anticipated SUV comes in a Celestial Metallic armor color, with an Oxford Stone interior, exclusive badging, and a panoramic roof. Single-motor rear-wheel drive and dual-motor (500hp) all-wheel-drive versions are available, with the former achieving up to 494 km of range per charge from its 102-kilowatt-hour battery.

cadillac lyriq al awael interior

The Al Awael’s interior features laser-etched patterns on its wood-over-metal décor, plus a large, curved 33-inch diagonal LED screen. On-board tech includes built-in Android Auto and Apple CarPlay, while Active Noise Cancellation intelligently assesses wind and vibration and uses a premium AKG speaker system to cancel road-induced noise.

Also Read: WeRide Granted First Self-Driving Vehicle License In UAE

“Our journey to an all-electric future starts now with the epitome of sophistication, the exquisite LYRIQ. Powered by General Motors Ultium platform and curated with over 120 years of Cadillac’s design craftsmanship, it combines looks, performance, advanced technology, and exclusivity to provide an unparalleled driving experience,” announced Kristian Aquilina, Managing Director of Cadillac International Operations and Cadillac Middle East.

“With LYRIQ Al Awael, the first electric vehicle to reach our region, we invite loyalists, pioneers, and optimists to inaugurate the new era of luxury electric mobility and lead the way forward,” he added.

Related Topics:Automotive Cadillac Kuwait United Arab Emirates

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.