News

New Samsung Astro Watch Honors Middle East Science Pioneers

The smartwatch will be part of a series of collectable devices exclusive to the region.

Published

11 months ago

August 28, 2023

Nour Nasir

Samsung

Samsung’s Gulf Electronics division has unveiled a limited edition version of its latest Galaxy Watch6 commemorating the Middle East’s contributions to science, astronomy, and timekeeping.

The 47mm Galaxy Watch6 Astro Edition features a rotating bezel with a unique astronomy pattern and a face that shows lunar and solar phases. The device was announced by T.M. Roh, president and head of Samsung’s mobile experience business, in Dubai.

Among those honored by the Galaxy Astro Edition are Muhammad Ibn Ibrahim Al Fazari, a mathematician and astronomer who built the Muslim world’s first astrolabe, and Al Battani, widely accepted as the greatest astronomer of the Islamic Golden Age.

The regular versions of the Watch6 series (base model and Classic) were unveiled alongside Samsung’s latest foldable smartphones, the Galaxy Z Fold5 and Flip5, at last month’s Seoul Galaxy Unpacked event.

Samsung did not specify the number of Astro Edition watches in the limited-edition run, but Fadi Abu Shamat, head of Samsung Gulf’s mobile experience division, said he was “confident that [they] will sell out within the first weeks of launch,” adding, “The Middle East holds a special place in Samsung’s heart as a region of dynamic innovation and tech-savvy enthusiasts […] The launch of the Astro Edition here is a testament to our commitment to providing tailored solutions that celebrate the region’s rich legacy and cater to the Gulf markets’ preferences and needs”.

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The Galaxy Watch6 Astro Edition is the first in a series of limited-editions specific to the Middle East. Samsung Gulf did not provide a timetable or details for future versions but has noted that they will be available in the “UAE, Saudi Arabia, Bahrain, Egypt, Iraq, Jordan, Kuwait, Morocco, Oman, Qatar and Turkey”.

News

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.