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NKK Investments and UrbanKisaan Collaborate to Transform Agriculture in Oman, UAE & Saudi

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Nailesh Kanaksi Khimji (NKK) Investments, a visionary company in the AgriTech, Green Hydrogen, and Sustainability sectors, has announced a strategic partnership with UrbanKisaan, an acclaimed Agri-tech startup from United States, with its research center in India. This alliance is set to transform hydroponic farming practices in Oman, UAE, and Saudi Arabia.

Under the umbrella of this joint-venture, NKK Investments aims to introduce UrbanKisaan’s advanced hydroponic and vertical farming technology to Oman. The focal point of this venture is to popularize UrbanKisaan’s innovative farming techniques, rendering them more affordable and accessible to Omani farmers. By harnessing the power of hydroponics and vertical farming, the joint-venture seeks to empower local agriculturalists to cultivate higher yields with significantly fewer resources, consequently enabling them to invest wisely in the future of farming.

A key facet of this collaboration lies in the intent to extend UrbanKisaan’s revolutionary technology across Oman’s borders, to benefit farmers in the UAE and Saudi Arabia. This technology, proven to be environmentally conscious and resource-efficient, allows crops to flourish with minimal water and land utilization in comparison to conventional methods. The result is not only a reduction in the carbon footprint but also the production of highly nutritious crops that contribute to a healthier populace.

Shedding light on the joint-venture, Chirayu Khimji, Director of NKK Investments and KR Group stated, “We would like to thank the Ministry of Agriculture, Fisheries and Water, and allied authorities, for providing a robust framework to support this Joint-Venture. Our partnership with UrbanKisaan aligns perfectly with our commitment to fostering sustainable advancements in agriculture within the Sultanate. Most importantly, we will be able to serve our customers with technology to allow them to grow more with less.”

“By combining NKK Investments’ strategic insights with UrbanKisaan’s pioneering technology, we are poised to reshape the future of farming in Oman and help our nation achieve food security targets in line with His Majesty Sultan Haitham’s Oman Vision 2040. We are confident that the proliferation of our technology within the Sultanate will allow the people of Oman to enjoy pesticide and GMO-free fruits and vegetables at the lowest pricing to date”, he continued.

Sharing his perspective, Vihari Kanukollu, CEO and Co-founder of UrbanKisaan mentioned, “Our collaboration with NKK Investments marks a significant step forward in realizing our mission to make advanced farming technology accessible to a global audience. Together, we are creating a more sustainable and productive agricultural landscape.”

Empowering Omani Farmers:

The core mission of this partnership is to equip Omani farmers with state-of-the-art hydroponic and vertical farming technology to allow them to grow more produce with far fewer costs. By offering access to cutting-edge solutions, the collaboration aims to amplify agricultural output while keeping investments within reach.

Sustainability Leading the Way:

By revolutionizing traditional farming practices, NKK Investments and UrbanKisaan are steering Oman towards a greener and more self-sustaining agricultural future, fostering positive impacts on both the environment and the local community.

Reducing Carbon Footprint:

The infusion of hyper-local urban farms into Oman’s agricultural landscape is anticipated to create a substantial reduction in the carbon footprint associated with the traditional supply chain. UrbanKisaan’s innovative farming methodologies not only conserve water but also promise higher yields, setting a benchmark for environmental stewardship in the region.

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THIRD EDITION OF BENTLEY’S EXTRAORDINARY WOMEN INITIATIVE WELCOMES STUDENTS FROM THE UK AND QATAR TO CREWE

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Extraordinary Women

The third edition of Bentley Motors’ Extraordinary Women initiative has concluded with students from universities in the UK and Qatar spending a week at the luxury car brand’s headquarters in Crewe, England. As part of a specially designed schedule, they met with Bentley experts and executives, went behind the scenes of its manufacturing operations, and tackled individual tasks.

Designed to encourage and develop the next generation of young female leaders, the 2024 edition of the Extraordinary Women programme has seen the students receive one-on-one mentorship over the past three months from a selection of inspirational Pioneers from the fields of technology, engineering, design, and business.

The students, who passed through a structured selection process focused around these four specific fields, came from a variety of participating universities: including The University of Doha for Science and Technology in Qatar, and the Universities of Bath, Loughborough, and Manchester Metropolitan in the UK.

Noora Al-Hajri, University of Doha for Science & Technology student, commented, “This experience has been nothing short of life-changing. Through the programme, I have gained invaluable knowledge and skills that will significantly impact my personal and professional growth. The opportunity to learn from inspiring mentors in both Qatar and the UK has been particularly enriching. Their guidance has broadened my horizons, challenged me to think critically, and empowered me to pursue my dreams with renewed confidence. The opportunity to visit the Bentley headquarters at the end of the programme has also been truly awe-inspiring. Thank you, Bentley, for believing in us and for creating such a transformative programme.”

The Pioneers were equally carefully selected. In the UK, entrepreneur Sara Davies MBE, founder and owner of Crafter’s Companion and TV personality from BBC One show Dragons’ Den, provided business mentorship, with Cecilia Harvey, founder of Tech Woman Today, offering the same in the field of technology.

Titi Oliyide CEng MIET, Senior Process Safety Engineer and winner of the 2023 Young Woman Engineer of the Year, mentored the engineering student, and renowned interior designer and Founder of Studioilse, Ilse Crawford provided design support.

The four Qatari Pioneers included Qatar’s UNESCO art ambassador, Muna Al-Bader, in the field of design. Dr Noora Fetais Al Marri, honoured by the Arab Women of the Year 2024 awards for her contributions to cyber security. Education and founding President of the Arab Association for Cyber Security, offered technology mentorship.

Covering the field of engineering was Dr. Hanan Farhat, founder of the Qatar Association for Women Engineers, and Dr. Buthaina Al Ansari in the field of business, who is a senior advisor at the organisation that established Tamkeen Training and Consulting Solutions.

Member of the Board for Human Resources at Bentley Motors, Dr. Karen Lange, commented, “With every year, the Extraordinary Women programme grows stronger, as exemplified by the quality of this year’s Pioneers, all who have generously given their time in the spirit of collaboration as we seek to build a legacy for young women. It has been a great honour to meet and engage with such talented young women during their visit – witnessing their energy and ability fills me with great optimism for the future.”

Launched in the UK and Middle East in 2022, the Extraordinary Women initiative has previously engaged students and Pioneers from the United Arab Emirates, Saudi Arabia, and the United Kingdom. It forms part of Bentley’s wider commitment to diversity, equity, and inclusion under its Beyond100 strategy, and was created to encourage women to explore a variety of career paths in the STEM and automotive sectors.

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Financial

Reem Finance signs with Network International to accelerate digital transformation

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Network International (Network) has announced the signing of a strategic partnership with Reem Finance, the leading financial services provider in the UAE. The strategic alliance aims to leverage Network’s expertise to provide a fully-fledged payment processing solution to support the digital transition.

The partnership with Network complements Reem Finance’s focus on offering customers with a unique banking experience in tune with the digital age. The scope of services includes a comprehensive range of products and services from transaction processing, card hosting and management, as well as value-added services. As the region’s largest payment solutions company, Network is committed to supporting the UAE financial services sector by providing innovative solutions to customers and enhancing the experience of consumers.

Navneet Dave, Managing Director & Co-Head of Processing – Middle East at Network International, commented, “We are thrilled to partner with Reem Finance as we jointly deliver innovative digital payment solutions that offer an effortless and secure experience for customers. Our collaboration builds on Network’s three decades of experience and expertise in creating world-class digital payments infrastructure and services for clients. It underscores Network’s commitment to empowering our partners with cutting-edge processing services and value-added solutions and driving growth in the UAE financial services industry.”

Mr. Seraj Faidi, CEO of Reem Finance,said: “As part of our ongoing commitment to enhancing the quality of our products and services for our esteemed clients, and in light of our recent collaborations with prominent service providers and partners, we are delighted to partner with Network International to explore innovative paths to accelerate digitizing our services to better serve our customers. This engagement is an important step for Reem Finance in expanding our capabilities to provide top tier, friendly and easy to use services to our customers. We are confident that with Network International, the processing of card transactions related to both consumer and commercial sectors will be state-of-the-art and seamless. We are committed to playing a vital role in elevating the financial system in the UAE, delivering value to our shareholders, and prioritizing the needs of our clients.”

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Wio Bank Redefines SME Banking with New Embedded Finance

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Wio Bank PJSC is introducing a new embedded finance service designed especially for the UAE’s small and medium-sized enterprises (SMEs). This initiative includes strategic partnerships with leading accounting software platforms Zoho Books, Fiskl and Wafeq, aiming to embed banking services into daily business operations and simplify financial management.

Wio Business, the bank’s first digital banking application, caters to micro, small, and medium enterprises (MSMEs), as well as freelancers and entrepreneurs. By directly integrating with accounting and financial management systems through APIs, Wio Business facilitates seamless financial workflows, enhancing management and eliminating the need for third-party intermediaries. This integration automates bookkeeping, significantly reducing manual labor and allowing businesses to concentrate on their core activities.

Jayesh Patel, Chief Executive Officer of Wio Bank PJSC, shares his vision for the new service: “By adopting Embedded Finance, we are transforming how businesses manage their finances. Our direct integration initiative simplifies how financial services are delivered and managed, making it easier and more transparent for SMEs.”

With over 94% of UAE businesses categorized as SMEs and significant contributors to employment, Wio Bank’s new service is tailored to meet a vital market need. This initiative, along with its strategic partners, is designed to simplify business operations, allowing them to thrive by focusing on growth rather than administrative financial tasks.

A New Era of Financial Management

Through Wio Business, companies can now link their accounts with selected software platforms such as Zoho Books, Fiskl, and Wafeq, offering a holistic view of their financial health. This integration eliminates the dependency on third-party intermediaries, simplifies financial workflows, ensures real-time financial insights with automatic updates, and streamlines accounting tasks with features like auto-reconciliation of bank statement. Additionally, integrating Wio Business APIs into Corporate ERPs and payment platforms facilitates automated account payables and instant transaction reconciliation, thus reducing manual labor and errors, and enhancing cost efficiency and operational gains.

Wio Bank was established to redefine banking in the UAE for both businesses and consumers. Its second digital offering, Wio Personal, is a day-to-day banking platform that changes how individuals see, manage, and grow their money. It provides users with unprecedented financial visibility and flexibility, serving as a foundation for achieving personal financial goals with an engaging experience that includes smart cards and exciting rewards.

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