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UAE To Unleash Hordes Of Cloud-Triggering Drones
The United Arab Emirates (UAE) has a massive problem with a limited supply of rainwater. With an average rainfall of just 100 mm per year, the constitutional monarchy is ranked among the most water-stressed countries in the world.
For years now, the country’s government has been investing heavily in various cloud-seeding missions aimed to increase the annual rainfall. For example, the UAE has been relatively successfully triggering rain by firing salt particles into clouds from airplanes to make individual water particles heavier and more likely to punch holes in the clouds.
Now, UAE scientists have partnered with their colleagues from the University of Reading, England, to make it rain more in the parched country by literary giving clouds electric shocks.
“Equipped with a payload of electric charge-emitting instruments and custom sensors, these drones will fly at low altitudes and provide an electric charge to air molecules, which should stimulate precipitation,” explains Alya Al-Mazroui, the Director of the UAE Research Program for Rain Enhancement Science.
By deploying an electric current with negative and positive ions, the drones will basically attempt to recreate the natural phenomenon that causes dry hair to be attracted to a plastic comb. Since particles with opposite charges attract each other, the electricity unleashing drones should theoretically cause small droplets of water to merge into more subscription cloud formations and eventually lead to rain.
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“Our project aims to evaluate the importance of charge in affecting the cloud droplet size distribution and rainfall generation through modifying the behavior of droplets and particles and studying the microphysical and electric properties of fog events,” says Professor Giles Harrison, a Professor of Atmospheric Physics in the Department of Meteorology at the University of Reading.
The effectiveness and safety of various cloud-seeding practices, including those explored by the UAE, are still debated by scientists. Concerns have been raised about their geopolitical implications, with wealthy, technologically advanced countries potentially “stealing” rainwater that would otherwise naturally end up in poorer countries.
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Paymob Extends Series B Funding To $72M Amid Continued Growth
The financial services provider has secured an extra $22 million after strong performance in its core market of Egypt.
Leading financial services provider Paymob has secured an additional $22 million in a funding extension, bringing its Series B total to $72 million.
The funding was spearheaded by EBRD Venture Capital, with support from Endeavor Catalyst. Existing backers such as PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures also participated, reaffirming their confidence in Paymob’s business model and potential in the regional fintech industry.
This extension comes on the back of Paymob’s strong performance in its core market of Egypt, where it has experienced 6x revenue growth since the initial Series B in Q2 2022. With the Series B extension and continued profitability in Egypt, Paymob is well-positioned to further its expansion strategy across the MENA region.
Islam Shawky, Co-founder and CEO of Paymob, commented: “We are very excited by our strong prospects in Egypt – where we hold a market-leading position – and the significant traction experienced in the UAE since launching operations there. This funding will help Paymob fully capitalize on the momentum in our established markets, as we accelerate our GCC roll-out. We remain committed to creating cutting-edge infrastructure enabling SMEs across the region to thrive in the digital economy and are proud of our continued impact”.
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The expansion into GCC markets has been driven by Paymob’s initial Series B funding of $50 million, raised in 2022 and led by Kora Capital, PayPal Ventures, and Clay Point. The investment fueled Paymob’s growth, allowing it to launch its mobile app in 2023 and grow its merchant base by 3.5 times, now serving nearly 350,000 merchants across MENA.
Paymob has also expanded its payment acceptance suite to offer 50 payment methods through its gateway, POS terminals, and the Paymob app, providing the region’s most comprehensive fintech solution. The company recently introduced embedded checkout services for Shopify and WooCommerce, further demonstrating its commitment to empowering small and medium businesses across the region.