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UAE’s du Teams With Huawei For Net-Zero Telecom Services

The telecommunications company aims to promote sustainable development across the region.

Published

2 years ago

July 6, 2023

uae's du teams with huawei for net-zero telecom services

du, one of the UAE’s major telecom providers, is boosting its efforts to help the Emirate towards a low-carbon future. The company aims to upgrade its diesel generator sites in remote communities and has ambitious plans to achieve net zero in collaboration with Chinese tech giant Huawei.

The primary goal for du is to reduce reliance on diesel generators, which in turn will cut down on maintenance costs and lower fuel consumption. Over 300 remote sites will be upgraded to advanced hybrid power solutions, lowering the company’s carbon footprint while improving efficiency and network coverage. Huawei’s hybrid generators include state-of-the-art lithium batteries and will reduce carbon emissions by over 10,000 tons – the equivalent of planting 500,000 trees per year.

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“This initiative not only lowers our carbon footprint but also ensures the delivery of more eco-friendly and sustainable services to communities in even the most remote desert regions,” explained Saleem AlBlooshi, chief technology officer at du. “Our unwavering commitment to environmental responsibility reflects our determination to contribute to a greener and more sustainable future for all”.

Related Topics:Du Huawei Telecom United Arab Emirates

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Fintech Galaxy Gains Approval To Pilot Open Banking In Jordan

The Central Bank has given the go-ahead to test fintech services through JoRegBox — Jordan’s regulatory sandbox for fintech innovation.

Published

2 days ago

January 31, 2025

Nour Nasir

fintech galaxy gains approval to pilot open banking in jordan

Fintech Galaxy has secured approval from the Central Bank of Jordan (CBJ) to join JoRegBox, the country’s regulatory sandbox for fintech innovation. The green light allows the company to test and implement Open Banking services within a controlled, real-world setting, and makes Fintech Galaxy the first Open Banking provider to gain regulatory backing in Jordan.

This move aligns with CBJ’s long term vision for financial innovation, introduced in August 2023 as part of the Economic Modernization Vision (2023–2025). The program’s purpose is to establish Jordan as a fintech hub, attracting investment in high-tech financial solutions. JoRegBox provides a supervised testing environment for fintech firms, in a bid to foster widespread financial inclusion and build more consumer-centric financial services.

Riyadh Al Zamil, Chairman of Fintech Galaxy’s Board of Directors, expressed his enthusiasm: “We are proud and honored to receive the Central Bank of Jordan’s approval to test and introduce Open Banking services to the country through the JoRegBox regulatory sandbox. This milestone underscores our commitment to fostering financial inclusion, enabling innovation, and empowering Jordan’s economy through Open Banking”.

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Mirna Sleiman, Founder and CEO of Fintech Galaxy, echoed the sentiment: “The Central Bank of Jordan’s approval is a testament to our shared vision of fostering innovation and inclusivity in the financial sector. By leveraging FINX Connect, we aim to empower financial institutions and third-party providers with data aggregation and payment initiation services, ultimately improving the lives of consumers across Jordan”.

Open Banking services allow banks and payment providers to share customer data securely with third-party providers (with their prior consent). Fintech Galaxy’s FINX Connect platform enables real-time bank account data aggregation and payment initiation, enhancing customer access to personalized financial services and simplifying payment processing.

To support its expansion, Fintech Galaxy has raised $9 million for platform development and market growth. The Jordanian arm, led by Zaid Khatib, will integrate with banks and financial institutions country-wide, focusing on Personal Finance Management (PFM) and Business Finance Management (BFM) applications.