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Supermoon Rising: Pictures

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“Supermoon” seen rising behind Qatar’s Museum of Islamic Art, shot at 6pm, 14 November. By: Richard Bentley The “supermoon”, the closest the moon comes to Earth since 1948, rises over the Power and Light building in downtown Kansas City, Missouri, U.S., November 13, 2016. REUTERS/Dave Kaup “Supermoon” in Doha, Qatar. by: @farah_raizal /Twitter The weathercock of the church of St.Peter and Paul is seen in front of a moon on the eve of the “supermoon” spectacle in the village of Klein-Auheim near Hanau, Germany, early evening November 13, 2016. REUTERS/Kai Pfaffenbach TPX IMAGES OF THE DAY The supermoon rises over the Missouri River, pictured from the Standing Rock Indian Reservation near Cannon Ball, North Dakota, U.S. November 13, 2016. REUTERS/Stephanie Keith The moon rises over Springfield, Ill., Sunday, Nov. 13, 2016. On Monday the so-called ‘supermoon’ will be the closest full moon to earth since 1948, and it won’t be as close again until 2034. ?(AP Photo/Seth Perlman) People on a funfair ride are silhouetted against the moon a day before the “supermoon” spectacle, in London, Britain November 13, 2016. REUTERS/Neil Hall People on a funfair ride are silhouetted against the moon a day before the “supermoon” spectacle, in London, Britain November 13, 2016. REUTERS/Neil Hall A commerical jet flies in front of the moon on its approach to Heathrow airport in west London on November 13, 2016.
Tomorrow, the moon will orbit closer to the earth than at any time since 1948, named a ‘supermoon’, it is defined by a Full or New moon coinciding with the moon’s closest approach to the Earth. / AFP / Adrian DENNIS (Photo credit should read ADRIAN DENNIS/AFP/Getty Images) A family watch the moon rise a day before the “supermoon” spectacle on Beacon Hill near Loughborough, Britain, November 13, 2016. REUTERS/Darren Staples A full moon is seen during the eve of the “supermoon” in the lower Manhattan in New York, U.S. November 13, 2016. REUTERS/Eduardo Munoz People stroll along the Tagus riverside in Lisbon as the moon rises Sunday, Nov. 13 2016. The so-called Supermoon on Nov. 14, 2016, will be the closest a full moon will have been to Earth since 1948. (AP Photo/Armando Franca) WATCHUNG, NJ – NOVEMBER 13: A super moon rises at sunset over lower Manhattan in New York City on November 13, 2016 as seen from Watchung, NJ. (Photo by Gary Hershorn/Getty Images) A woman sits on the rooftop terrace of a house during the “supermoon” in Port-au-Prince, Haiti, November 13, 2016. REUTERS/Andres Martinez Casares Streetlights are seen next to the moon a day before the “supermoon” spectacle, in London, Britain November 13, 2016. REUTERS/Neil Hall A pod on the London Eye is seen against the moon a day before the “supermoon” spectacle, in London, Britain November 13, 2016. REUTERS/Neil Hall A man stands on a balcony of a building of Madrid as the moon rises in background, on November 13, 2016, on the eve of a “supermoon”.
On November 14, 2016, the moon will orbit closer to the earth than at any time since 1948, named a ‘supermoon’, it is defined by a Full or New moon coinciding with the moon’s closest approach to the Earth. / AFP / GERARD JULIEN (Photo credit should read GERARD JULIEN/AFP/Getty Images) A full moon is seen over the Manhattan Bridge during the eve of the “supermoon” in New York, U.S. November 13, 2016. REUTERS/Eduardo Munoz The moon rises near Glastonbury Tor a day before the “supermoon” spectacle, in Glastonbury, Britain November 13, 2016. REUTERS/Rebecca Naden The moon rises over Hefer Valley in Israel, Sunday, Nov. 13, 2016. The upcoming supermoon, on Nov. 14, will be especially “super” because it’s the closest full moon to Earth since 1948. (AP Photo/Ariel Schalit) The moon rises behind the castle of Almodovar in Cordoba, southern Spain, on Sunday, Nov. 13, 2016. The Supermoon on November 14, 2016, will be the closest a full moon has been to Earth since January 26, 1948. (AP Photo/Miguel Morenatti) The moon rises beyond flags atop Fraser Hall on the University of Kansas campus in Lawrence, Kan., Sunday, Nov. 13, 2016. Monday morning’s supermoon was to be the closest a full moon has been to Earth since Jan. 26, 1948. (AP Photo/Orlin Wagner)Supermoon Rising: Pictures The moon rises beyond the University of Kansas campus in Lawrence, Kan., Sunday, Nov. 13, 2016. The morning’s supermoon will be the closest a full moon has been to Earth since Jan. 26, 1948. (AP Photo/Orlin Wagner)

 

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Saudi Fintech Lendo Signs MOU with J.P. Morgan

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Saudi Startup Lendo Joins Forces with J.P. Morgan to Enhance SME Financing

Lendo, a Saudi Arabia-based Shariah-compliant crowdlending marketplace, has signed a Memorandum of Understanding (MOU) today with J.P. Morgan to improve access to financing for small and medium-sized enterprises (SMEs) across the country.

The MOU was signed during 24 Fintech, a premier fintech event that brings together industry leaders, innovators, and investors in Riyadh.

J.P. Morgan and Lendo are working together on potential opportunities to support the SME sector in Saudi Arabia in growing and sustaining the remarkable demand in this market.

“This strategic collaboration with J.P. Morgan, a pioneer in the financial industry, marks a significant milestone for Lendo,” said Osama Alraee, CEO and co-founder of Lendo. “By combining our strengths, we’ll deliver cutting-edge financial solutions to SMEs, supporting their growth and contributing directly to the realization of Saudi Arabia’s Vision 2030.”

The SME financing landscape in MENA presents a substantial market opportunity as limited financial access continues to restrict the growth of the region’s businesses, with commercial banks hesitant to issue loans to SMEs at scale, resulting in a high percentage of declined financing requests annually.

The total SME financing gap in developing countries is estimated to be approximately $5.2 trillion, according to the International Finance Corporation (IFC).

Lendo’s debt crowdfunding platform aims to bridge the financing gap for SMEs, aligning with Saudi Vision 2030’s goal to significantly expand SME lending from 4% in 2018 to 20% by 2030.

According to the latest available report from the Saudi Central Bank (SAMA), the total value of debt crowdfunding in Saudi Arabia surged from SAR 1.4 million in 2019 to SAR 771 million in 2022, marking a remarkable growth.

Lendo raised SAR 132 million ($35.2 million) in total funding from leading investors, including the most recent Series B led by Sanabil Investments, a wholly-owned company by the Public Investment Fund (PIF).

Since its inception in December 2019, Saudi fintech Lendo has processed over 5,000 financing transactions on its platform, providing over SAR 2 billion ($600 million) in financing to SMEs and generating SAR 280 million ($74 million) in returns for investors.

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TA Telecom Introduces AnteThink: A New AI Decision Support Tool

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**TA Telecom Introduces AnteThink: A New AI Decision Support Tool for Enhanced Decision-Making**

TA Telecom, a prominent player in the Middle East’s tech sector, has unveiled AnteThink, an AI-driven tool designed to enhance decision-making processes for individuals and businesses alike.

With a history of influencing the tech landscape through various initiatives, including advanced mobile solutions, high-volume payment platforms, and ventures in e-commerce, fintech, and analytics, TA Telecom has carved a niche for itself. Serving a vast user base of 40 million and processing an impressive 15 billion transactions across its platforms, TA Telecom has cemented its position as a tech industry leader, with some of its ventures achieving the status of Y Combinator companies.

Established in 2000, TA Telecom has emerged as a prominent player in the technology sector. With over 40 million users and processing 15 billion transactions annually, TA Telecom has made a notable impact. Recognized for its contributions by the Financial Times and featured on Deloitte’s list of fastest-growing tech companies in EMEA, TA Telecom is known for its adaptability and forward-thinking approach in the ever-evolving global tech landscape.

Sameh Ibrahim, CEO of TA Telecom, highlights the potential of AnteThink: “AnteThink reflects our commitment to leverage technology for practical impact. It aims to provide clarity and confidence in decision-making, whether in the professional or personal sphere. AnteThink is a tool that can empower startup founders, executives, and individuals to make more informed choices, alleviating the stress and uncertainty often associated with critical decision-making.”

Mostafa Ashour, CEO of Y Combinator-backed startup NowPay, shared his perspective on AnteThink: “AnteThink transformed our strategic planning, allowing us to explore various scenarios and prepare for different outcomes. It has strengthened our decision-making process, helping us navigate the complexities of the business landscape.”

AnteThink embodies TA Telecom’s commitment to innovation, focusing on supporting the startup ecosystem. The tool is tailored to help leaders and executives navigate the complexities of business management and strategic development by providing a clear picture of potential outcomes.

Key Features of AnteThink include:

1. Second Order Mode: Offering a comprehensive analysis of broader impacts, fostering a strategic mindset for long-term success.

2. Optionality Mode: Enabling detailed evaluation and comparison of different choices to ensure decisions align with strategic objectives and values.

3. Inversion Mode: Focusing on identifying and mitigating potential risks, thereby strengthening risk management strategies.

TA Telecom Introduces AnteThink: A New AI Decision Support Tool for Enhanced Decision-Making

Credit: Antethink

AnteThink’s advanced AI technology aims to assist decision-makers with insightful analytics, offering guidance through the decision-making process.

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GoDaddy’s Global Markets VP Predicts Egypt’s E-commerce to Hit $9.88 Billion by 2028

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GoDaddy's Global Markets VP Predicts Egypt's E-commerce to Hit $9.88 Billion by 2028

Selina Bieber, the Senior Director of Global Markets at GoDaddy, has predicted a significant increase in Egypt’s e-commerce revenue. By 2028, it could reach $9.88 billion.

Godaddy is forming strategic partnerships and launching initiatives to help local entrepreneurs. These efforts align with Egypt’s digital transformation goals and its Vision 2030.

In an interview with the Arabic financial news “Amwal Al Ghad,” Bieber spoke about GoDaddy’s plans and how they match Egypt’s 2023 strategy. She highlighted the company’s aim to provide effective, easy-to-use digital tools and services. By 2024, GoDaddy wants to serve more customers in Egypt by making its digital tools more widespread.

The company is working closely with the Egyptian government, especially the Ministry of Planning. They are offering training programs to improve the digital skills of startups and existing businesses. GoDaddy’s services in Egypt include domain registration, web hosting, e-commerce solutions, and digital marketing tools.

Recent surveys support Bieber’s positive outlook for e-commerce in Egypt. They show a clear trend towards digital strategies among small businesses. Many are realizing the importance of having an online presence for their growth and success.

As GoDaddy continues its partnerships and supports government digital initiatives, its influence on Egypt’s digital landscape is growing. The company is committed to sustainability and reducing its carbon footprint. It aims not just for business growth but also to contribute to a sustainable and thriving digital economy in Egypt.

The 2028 projection indicates a vast potential for e-commerce, with GoDaddy playing a key role in this digital evolution.

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