News

Xiaomi Opens New Flagship Store In Dubai

The 6,600 square-foot-store is the Chinese tech company’s largest in the United Arab Emirates.

Published

1 year ago

April 27, 2023

Nour Nasir

Xiaomi

Leading global tech company, Xiaomi, has opened its largest flagship store in the United Arab Emirates at the Dubai Mall. The extensive retail space is situated in the Chinatown area of the mall, a redesigned section of the first floor home to several prominent Chinese brands.

The official store opening happened on April 26th at a lively event attended by technology enthusiasts and Xiaomi fans. The event was overseen by the General Manager of Xiaomi Middle East and Levant, Ronnie Wang and other regional managers.

xiaomi dubai mall store

Xiaomi’s Dubai Mall store demonstrates the Chinese tech giant’s commitment to expanding its presence across the Middle East. The huge 6,600-square-foot retail unit is one of the company’s largest worldwide and will be used to showcase the latest innovative products.

“Our Dubai Mall store [is] the largest Xiaomi in the world among our 1,400 stores worldwide, excluding China and India. Since the first Xiaomi store opening in 2017, Xiaomi has been bringing the concept of smart homes into daily lives. We are grateful for our consumers and Mi fans’ unwavering support and promise to provide better quality products and the best shopping experience possible,” says Arjun Batra, Country Manager of Xiaomi UAE.

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After an official ribbon-cutting ceremony, attendees could engage in several interactive activities and meet top influencers, including Ajman Khan and Roman Khanand. Meanwhile, Xiaomi’s quadruped robot CyberDog appeared on stage to add to the excitement.

xiaomi dubai mall ribbon cut

Among the products displayed at the new store are smartphones, including the Redmi Note 12, 4 Ultra and more, plus laptops, smart devices, home appliances and even Xiaomi’s Electric Scooter.

In celebration of the store opening, Xiaomi is offering a 50% discount on all products for the first 350 customers and a 30% discount to the next 400.

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.