News

Maserati’s New Grecale SUV Arrives In The UAE

The Italian car maker’s premium all-wheel drive vehicle boasts a wide selection of options and configurations.

Published

1 year ago

June 23, 2023

Nour Nasir

Maserati

Maserati’s new SUV — the Grecale — offers multiple engine types and capacities, from powerful internal combustion powertrains to hybrids. The premium Italian vehicles offer first-class driving dynamics and feature eight-speed automatic transmissions, all-wheel drive, and a variety of selectable drive modes, including Comfort, GT, Sport, Corsa, and Off-Road.

maserati grecale suv exterior

In the near future, a full-electric version of the Grecale will be released, known as the Folgore. However, at present, three models of the Grecale will be available in UAE showrooms:

The GT, powered by a four-cylinder engine with mild hybrid assistance delivering 300 horsepower.
The Modena, boasting a more powerful 330hp hybrid engine.
The Trofeo, a high-performance model featuring a 3.0L,530hp (petrol) V6 based on the unit fitted to the Maserati MC20.

Jad Elias, Vice President of Maserati, Al Tayer Motors, said: “We are really excited to hand over the first batch of the all-new Grecale vehicles to our customers. We are sure they will enjoy the exceptional driving experience offered by this sporty, stylish, and compact SUV and look forward to seeing them in growing numbers on our roads soon”.

maserati grecale suv interior

Hamdy Elshantoury, General Manager of Maserati Middle East & Africa, was equally excited at the arrival of the Grecale: “Maserati continues to accelerate audaciously into a brave new future with revolutionary new cars, innovations, and exclusive projects. The all-new Grecale SUV embodies Maserati’s all-Italian audacity in making luxury and exceptional performance part of the daily routine, transforming every journey into a unique driving experience”.

Also Read: Futuristic Electric Self-Driving Trucks Are Coming To The UAE

The new Maserati SUV will be available from Al Tayer Motors and Premier Motors and comes with a three-year, unlimited kilometer warranty and a three year or 45,000 kilometer service package, which extends to 60,000 kilometers on the Trofeo.

Related Topics:Automotive Maserati 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

2 days 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.