News

Qatar’s Biodiversity Database Platform Set For 2024 Launch

The project, in collaboration with UNEP, aims to preserve local species and gather valuable environmental data.

Published

6 months ago

February 6, 2024

Nour Nasir

qatar's biodiversity database platform set for 2024 launch

Qatar Ministry Of Municipality

The Ministry of Environment and Climate Change (MoECC) has reached the final phase of a project to create Qatar’s biodiversity database platform.

The primary objective of this endeavor is to construct a sustainable biodiversity database and generate ecological maps of Qatar to pinpoint significant biodiversity sites across the nation. The project will establish a large electronic repository encompassing biodiversity-related and environmental data, cataloging all indigenous plant and animal species in the country in alignment with the Qatar Digital Government Strategy 2023-2025.

The scheduled launch for the database is set for later this year. Experts have already examined the project’s completed phases and unveiled the electronic platform’s initial design, which conforms to international standards.

With the project nearing completion, MoECC recently organized a series of meetings and coordination sessions over a three-day period, which dealt with the final stages of completing the project.

During a workshop held on January 30, a team from the World Conservation Monitoring Center delivered an in-depth presentation on the electronic platform, demonstrating the cutting-edge technology in its design. The software will facilitate seamless user operations and provide advanced capabilities alongside an initial assessment to identify research user requirements and review the database.

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On January 31, another training workshop was conducted, in which the project team oversaw advanced technological training for MoECC’s technical team. The trained group of users will manage the content of the project’s knowledge management platform in collaboration with the ministry’s communication teams after the official project launch later this year.

Launched in 2021, the Qatar biodiversity database project’s overarching goal is to compile a database for preserving the nation’s biodiversity. This resource will also support the creation of reports related to biodiversity, monitoring efforts, and decision-making processes.

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

21 hours 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”.

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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.