Artificial intelligence company Tactful AI selected Mohamed Abou El-Naga, known as Nagati, for a dual role as investor and strategic advisor. The appointment brings extensive business experience from a respected entrepreneur in the MENA region to guide company operations. Management expects this partnership will expand market reach across regional and international territories.
Nagati will help advance the company's growth plans while supporting the development of artificial intelligence solutions for customer service management. His business network provides access to potential partners and funding sources that may accelerate expansion efforts. The collaboration aims to strengthen Tactful AI's competitive position in global markets...
Bank Al-Maghrib-authorized payment institution Lana Cash has established a strategic alliance with lacaisse.ma to enhance merchant payment capabilities. The connected cash register provider will incorporate Lana Cash point-of-sale systems directly into retail terminals. Merchants gain automated amount transmission between registers and payment devices. This integration eliminates duplicate data entry while reducing transaction delays and processing errors. Centralized monitoring allows businesses to track both sales performance and payment activities simultaneously.
Chief Executive Officer Brahim Zekhnini stated the partnership delivers innovative, integrated payment solutions to commercial clients. Managing Director Belkhayat...
VentureSouq completed fundraising for its second financial technology investment vehicle, establishing stronger leadership within the Middle East and North Africa venture capital markets. The Gulf Cooperation Council firm secured backing from prominent institutional investors, including Jada Fund of Funds, Saudi Venture Capital Company, Saudi Awwal Bank, Mubadala Investment Company, and Jordan's Innovative Startups fund. Strategic partnerships with Takamol Holding and Krafton strengthen the fund's regional foundation. Early-stage companies across payments infrastructure, alternative lending, digital banking, property technology, and insurance technology will receive investment priority. Personal financial management platforms also...
Visa deployed its Acceptance Platform on Saudi Arabian cloud infrastructure for the first time globally. The digital payments company complied with Saudi Central Bank requirements through this local hosting arrangement. CyberSource will enable Saudi businesses to process transactions with enhanced speed and security via a single integration system. This development supports Saudi Vision 2030's objectives for establishing a competitive digital economy.
The platform supports multiple payment methods, including authorization and capture processes, stored card information, and subscription billing for Mada cards. Merchants and payment providers can activate digital wallet recurring transactions to meet the growing demands of their...
Governor Kathy Hochul backed Zohran Mamdani for New York City mayor through a Sunday essay in The New York Times. She praised his courage and leadership potential, despite disagreeing with him on some issues. Hochul emphasized her confidence that Mamdani would resist policies from the Trump administration. The 33-year-old Democratic assemblyman represents Queens and won his legislative seat in 2020. Born in Uganda to Indian parents, he immigrated to New York during childhood.
Mamdani advocates for rent freezes on stabilized apartments and expanding affordable housing options. His platform advocates for free city bus rides and raising the minimum wage to $30 by 2030. Critics question his past statements about police corruption and...
South Korean diplomatic officials engaged with Ukrainian leadership through telephone communications on Monday. Foreign Minister Cho Hyun spoke directly with his Ukrainian counterpart Andrii Sybiha about current bilateral relationships and regional developments. Cho emphasized Seoul's attention to the progress of peace negotiations during the ongoing Russia-Ukraine conflict. The minister confirmed that South Korea actively tracks wartime developments and plans to evaluate reconstruction assistance opportunities after hostilities end. Sybiha thanked South Korea for maintaining consistent support throughout the crisis.
Both diplomatic leaders reviewed recent developments in Ukraine and examined the international community's response...
Prosecutors demanded prison terms for nearly a dozen People Power Party lawmakers on Monday. The charges stem from a 2019 physical confrontation at the National Assembly. Courts will announce verdicts on November 20, more than six years after the incident occurred. Officials requested two years for Representative Na Kyung-won, who led the opposition Liberty Korea Party at that time. They sought ten months and a 2 million won fine for the current floor leader, Song Eon-seog.
A sentence of eighteen months was requested for former party leader Hwang Kyo-ahn. The confrontation began when Democrats and minor opposition groups attempted to advance reform legislation in April 2019. Liberty Korea Party members physically blocked the...
Korea Coast Guard Commissioner General Kim Yong-jin submitted his resignation following the death of assistant inspector Lee Jae-suk during a rescue mission. The 34-year-old officer perished while saving an elderly man trapped on a western coastal mudflat. Lee gave his life jacket to the stranded victim before strong currents carried him away. President Lee Jae Myung demanded an independent investigation after allegations emerged about officials concealing details of the incident. Kim stated he accepted responsibility for the tragedy and wanted to help reveal the truth about what happened during the operation.
Fellow officers revealed that safety protocols require rescue patrols to operate in teams of two. They argued the fatal...
Seoul hosted discussions between Foreign Minister Cho Hyun and Jean-Pierre Lacroix on Monday regarding enhanced peacekeeping partnerships. Lacroix serves as director of the United Nations Department of Peace Operations. The meeting focused on strengthening bilateral cooperation within international security frameworks. Cho emphasized South Korea's commitment to maintaining its role as a significant contributor of personnel and funding. The minister advocated for expanded collaboration across peace and security initiatives.
The foreign minister requested assistance from UN leadership to preserve access for South Korean citizens seeking positions within international bodies. Lacroix expressed gratitude for South Korea's ongoing support...
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Thread 'Habibur Rahman Appointed CEO of Paramount Group Effective June 29'
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