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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

1 year 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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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”.

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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.