News

UAE Bans Recreational Drone Use Following Deadly Attack

Those who break the new rule and get caught flying their drones can face financial penalties or go to jail for up to three years.

Published

2 years ago

January 26, 2022

David Morelo

uae bans recreational drone use following deadly attack

DJI

Drones have many legitimate uses, from capturing the world from the bird’s-eye view for journalism and film to delivering packages and even precious cargo like defibrillators to playing an important role in search and rescue operations. But just like every other technology, a drone can be used both for good and evil.

Recently, a drone attack on an important oil facility in Abu Dhabi killed three people and led to a fire at Abu Dhabi’s international airport. The attack was claimed by Yemen’s Houthi rebels, who have since then launched more attacks against the United Arab Emirates and its neighbor, Saudi Arabia.

Based on currently available information, it seems that the attackers have strapped bombs to large consumer-grade drones with enough carrying capacity and battery power to take them to their destination.

“Several attacks, a combination of cruise missiles, ballistic missiles, and drones, targeted civilian sites in the UAE” said Yousef Al-Otaiba, UAE ambassador to Washington. “Several were intercepted, a few of them didn’t and three innocent civilians, unfortunately, lost their lives”.

In response to the attacks, the UAE has banned hobbyists from flying their drones and other light aircraft, such as gliders. Those who break the new rule and get caught flying their devices can face financial penalties or go to jail for up to three years, reports the Dubai-based Khaleej Times.

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Even before this announcement, drone enthusiasts in the UAE have already been required by law to obtain a certificate from the Dubai Civil Aviation Authority. The certification process is now put on indefinite hold, and its official website displays an error message.

According to the Ministry of Interior, exceptions can be made on a case-by-case basis for work contracts or commercial or advertising projects that rely on filming using drones.

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.