News related to
Oman

The seed round scales mamun’s capital infrastructure for trade finance along the Greater Bay Area – Oman – UAE corridor — anchored in Muscat, Abu Dhabi and Hong Kong SAR.

MUSCAT, ABU DHABI/HONG KONG SAR – Media OutReach Newswire – 4 November 2026 – mamun, the Sharia-compliant platform building capital infrastructure for trade finance, has raised a US$3 million seed round led by Phaze Ventures through its Oman Fund, with participation from Jasoor Ventures.

An exporter in Muscat ships today and gets paid in 60 to 90 days. Banks rarely bridge that gap, as they usually rely on a long financial track record that many small exporters find hard to provide. The Asian Development Bank puts the global trade finance gap at US$2.5 trillion, and 41% of SME trade finance applications are turned down.

mamun’s AI-native underwriting assesses the company behind the trade, alongside the shipment itself: the contract, the buyer, the trade documents and the trading history between them. Its origination engine finds and screens that trade as it forms. Then investors on the platform finance the gap.

The hard part is the border. A cross-border transaction spans two regulators, two banking systems and two legal regimes, with settlement that has to land in another jurisdiction on time, and the collateral is in motion, travelling with the goods along the route.

That complexity is why most of the region’s financing platforms have stayed domestic, and it is mamun’s moat. The platform was built across the corridor: an FSA-regulated home and origination base in Muscat; Abu Dhabi for Gulf capital and UAE flows; and Hong Kong SAR, the financing gateway of the Belt and Road Initiative, for the Greater Bay Area and the Gulf–Asia trade routes.

Roughly 40% of the platform’s trade finance settlements already clear through Hong Kong-based financial institutions and businesses.

mamun’s licence sits within the FSA’s crowdfunding framework, which allows the platform to bring in investors from inside and outside the Sultanate, and to finance companies inside and outside the Sultanate, subject to the platform’s eligibility criteria and the laws applicable in each investor’s country.

The corridor is growing. Oman’s non-oil exports ran about 10% higher year-on-year through the first seven months of 2026 and re-exports 13.6% higher, with the UAE its largest non-oil trading partner. New corridors bring new counterparties: businesses trading together for the first time, with no shared history for a lender to underwrite against.

The round brings together capital from Oman and the UAE: Phaze Ventures invests through its Oman Fund, dedicated to homegrown, AI-enabled Omani businesses, and Jasoor Ventures is an early-stage venture capital firm backing technology founders across the Middle East, North Africa, and Turkey.

The US$3 million will scale that AI-native origination and underwriting, growing the volume of trade the platform can originate, assess and finance along the Greater Bay Area – Oman – UAE corridor. It is where the industry is heading: 84% of banks in the Asian Development Bank’s January 2026 survey already apply AI to trade finance risk. mamun was built that way from origination onward.

mamun was founded by Saleh Al Tamami, Co-Founder & CEO, Mohammed Al Tamami, Co-Founder & Chief Commercial Officer, and Ahmed Al-Issaei, Co-Founder & CTO, and was named a Rising Star on the Deloitte Technology Fast 50 Middle East 2025, ranking 26th.

This announcement is for information only and does not constitute an offer or invitation to invest. mamun is not licensed by the Securities and Futures Commission of Hong Kong (SFC).

Hashtag: #mamun

The issuer is solely responsible for the content of this announcement.

ABOUT mamun

mamun builds capital infrastructure for trade finance. The platform is Sharia-compliant, licensed and regulated by the Financial Services Authority of Oman (FSA Licence CMI051). This licence covers the Omani entity only. The group also has entities in Abu Dhabi and Hong Kong SAR. It connects businesses and investors to finance cross-border trade — exports, imports and the working capital that moves goods between markets.

ABOUT PHAZE VENTURES

Founded in 2018, Phaze Ventures is Oman’s oldest private venture capital firm. Headquartered in Oman, with a presence in Saudi Arabia and the UAE, it backs early-stage AI and deeptech companies globally and homegrown technology businesses through the Oman Fund.

ABOUT JASOOR VENTURES

Jasoor Ventures, meaning “courageous” in Arabic, is an ADGM-based venture capital firm, investing across the Middle East, North Africa, and Turkey.

These awards celebrate the most inspirational initiatives and developments in land, real estate, construction and infrastructure, recognising outstanding achievement, teamwork and corporate excellence. This year’s entrants have contributed to some of Hong Kong’s largest projects, including driving investment into the commercial sector, delivering essential infrastructure and leading sustainable practices.

Guest of Honour, Mr. TAI Sheung Shing, Victor, JP, Under Secretary for Housing, Housing Bureau, The Government of the Hong Kong Special Administrative Region, kicked off the ceremony with a speech recognising chartered surveyors for their significant contributions to the built environment. Additionally, the event welcomed Mr. David Lam, JP, Under Secretary for Development, Development Bureau, The Government of the Hong Kong Special Administrative Region, as a Presentation Guest at the Gala Dinner, to jointly witness this important occasion.

“These awards are about excellence. Excellence in our profession is about much more than a successful transaction, a well-delivered project or an impressive building. It is about the judgement behind a difficult decision. The integrity to give the right advice, even when it is not the easiest advice to give. And the commitment to leave a place, a business or a community better than we found it. ” said Ms. Ada Fung FRICS, Judging Chair of RICS Hong Kong Awards 2026. “For those of us working in Hong Kong, these qualities matter enormously. Our city never stands still, and neither can our profession. We must help clients navigate uncertainty, make better use of our built environment, and turn long-term ambitions into practical results.”

The RICS Annual Lifetime Achievement Award was presented to Mr. Philip Lo FRICS, a Steward of the Hong Kong Jockey Club. Mr. Lo is a former Chairman of Rider Levett Bucknall China and Hong Kong. He is a fellow of RICS and served on the RICS UK Management Board from 2011 to 2016, alongside his extensive leadership roles within RICS Hong Kong. He remains deeply committed to public service, currently holding key roles with the Hong Kong Housing Authority and the Hong Kong Housing Society, as well serving as an Adjunct Professor at The University of Hong Kong.

“Our profession is unique. We may not always have our names on the buildings, but we know every building carries our fingerprints. More importantly, through the built environment, we have the opportunity not only to create buildings and infrastructure, but also to shape communities, improve lives and contribute to the long-term development of society. That sense of purpose has always been one of the most rewarding aspects of my career.” said Mr. Philip Lo FRICS.

Results of RICS Hong Kong Awards 2026:

Project award categories
1. Commercial Property Project of the Year

• Jones Lang LaSalle Management Services Limited – The Bay Hub

2. Corporate Social Responsibility Project of the Year

• Hong Kong Housing Authority – Diamond Hill Water Feature Park

Team award categories
3. Agency Team of the Year

• JLL – Office Leasing Advisory Team

4. Construction Project Management Team of the Year

• Architectural Services Department & China State Construction Engineering (Hong Kong) Limited – Design and Construction of Chinese Medicine Hospital and Government Chinese Medicines Testing Institute in Hong Kong

5. Facilities Management Team of the Year

• Hang Seng Bank Limited & JLL
• Swire Properties Management Limited – Citygate – Driving Excellence in Facilities Management through Exemplary Sustainability Strategy

6. Property Management Team of the Year

• Nan Fung Property Management – AIRSIDE

7. Quantity Surveying Team of the Year

• Housing Department, HKSAR (Quantity Surveying Section) – SmartCOST+ (Construction Cost Data Management Platform)

8. Refurbishment / Revitalisation Team of the Year

• Architectural Services Department & Yau Lee Construction Company Limited – The Light Public Housing at Vacant School Premises (St. Joseph / Holm Glad / Ma Kam Chan)

9. Research Team of the Year

• Rider Levett Bucknall + Arup – Whole Life Carbon Assessment – Embodied Carbon Intensity Framework in Hong Kong and Mainland China

10. Valuation Team of the Year

• Cushman & Wakefield – Masterminds Behind Development: Shaping Hong Kong’s Future With Valuation Expertise

Special category awards

11. Best Deal of the Year

• Alibaba Group Holding Limited, Cushman & Wakefield – Anchoring the Global Digital Hub: Alibaba & Ant Group’s Overseas Headquarters at One Causeway Bay, facilitated by Cushman & Wakefield
• Jones Lang LaSalle Limited – JLL Capital Markets: Brookfield Asset Management and Uni-China Group Strategic Acquisition of Tsing Yi Industrial Site

12. Environmental Impact Award

• Architectural Services Department – Advancing Net Zero – Toilet Blocks at Pet Garden of Central and Western District Promenade
• Savills Property Management Limited – Kingston International Centre

13. Proptech Innovation of the Year

• Savills Property Management Limited – Smart Control Hub

Individual awards

14. Emerging Achiever of the Year

• Jason Leung MRICS, Assistant Research Director, Head of Land and Housing Research, Our Hong Kong Foundation

15. Lee Ming Kiu, Owen MRICS, Resident Engineer, AECOM

• Woman of the Built Environment Award
• Kathy Lee, Head of Research and Retail Consultancy, Colliers

The full RICS Hong Kong Awards Winners list is available at: https://www.rics.org/training-events/rics-awards/hong-kong-awards

High resolution photos are available at: https://drive.google.com/drive/folders/1c2FnfB9S-IXgcfj8SGXAFe6RP16oQFlA?usp=sharing

Notes for editors:

RICS Hong Kong Awards 2026 is sponsored by:

• Headline Sponsor: Hongkong Land Limited
• Premium Sponsor: Swire Properties Limited
• Cocktail Partner: Colliers
• Agency Partner: CBRE Advisory Hong Kong Limited
• Silver Sponsors: Link Asset Management; MOORE
• Supported by: Construction Industry Council

Hashtag: #RICS

The issuer is solely responsible for the content of this announcement.

About RICS Hong Kong Awards

The RICS Awards Hong Kong showcases outstanding achievements and developments in Hong Kong’s land, property and construction industries and across the built environment. The awards are open to everyone working within the property profession. The jury panel of the RICS Awards 2026 Hong Kong is formed by fourteen outstanding local industry leaders. Nominated projects have all displayed outstanding performance in professionalism, outcome & achievement, teamwork & collaboration and thought innovation.

About RICS
We are RICS. As a member-led chartered professional body working in the public interest, we uphold the highest technical and ethical standards.

We inspire professionalism, advance knowledge and support our members across global markets to make an effective contribution for the benefit of society. We independently regulate our members in the management of land, real estate, construction and infrastructure. Our work with others supports their professional practice and pioneers a natural and built environment that is sustainable, resilient and inclusive for all.

Louis Vuitton unveils in October 2026 a spectacular hoarding inspired by one of the House’s most emblematic themes: the Art of Travel. Throughout the refurbishment, the façade is transformed into a grand train station, evoking the romance and golden age of travel. In celebration of the 130^rh anniversary of the Monogram, this reimagined station will also be decorated with the House’s distinctive Monogram motif. Conceived as a tribute to the House’s enduring fascination with travel, and as a nod to Hong Kong’s comprehensive transportation history, the installation brings together heritage, imagination and architectural presence. In keeping with Louis Vuitton’s commitment to more mindful creation, all materials used in the construction of the façade will later be reused or recycled. Designed to capture the city’s vibrant energy, this striking installation will be established as a new monument for all.

Hashtag: #LouisVuitton

The issuer is solely responsible for the content of this announcement.

About Louis Vuitton

Since 1854, Louis Vuitton has brought unique designs to the world, combining innovation with style, always aiming the finest quality. Today, the House remains faithful to the spirit of its founder, Louis Vuitton, who invented a genuine “Art of Travel” through luggage, bags and accessories which were as creative as they were elegant and practical. Since then, audacity has shaped the story of Louis Vuitton. Faithful to its heritage, Louis Vuitton has opened its doors to architects, artists and designers across the years, all the while developing disciplines such as ready-to-wear, shoes, accessories, watches, jewellery, beauty, and fragrance. These carefully created products are testament to Louis Vuitton’s commitment to fine craftsmanship.

For further information: www.louisvuitton.com

By Jag Mohan Thaken CHANDIGARH: Drug issue has boiled up the political and social atmosphere in the state of Punjab. Seeing the assembly elections on the head, all political parties are trying to get the waves in their own favour and targeting each other for the current deteriorated condition due to root level web of […]

The article Drug Issue Is Now A Potential Electoral Weapon Of BJP In Punjab Before 2027 State Polls appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

ONYX Dining invites guests to discover a variety of dining experiences at Amari Bangkok and Amari Pattaya, from family meals with something for every generation and relaxed gatherings over long conversations to opportunities to discover new flavours or dine by the sea. Each offers more than a meal: “More of What You Love”

A family meal with something for everyone at the table — Prego

When dining out as a family, everyone may have a different favourite. Some may be in the mood for pizza, others may prefer pasta, while others may wish to try something new. Prego Italian Restaurant at Amari Bangkok brings a variety of Italian dishes together at one table, from wood-fired pizza, homemade pasta and Italian classics to children’s menus and gluten-free options. Highlights also include Risotto alla Montanara, one of the restaurant’s signature dishes, burrata and tiramisu, allowing everyone to choose a dish they love and make the most of their time together.

For those looking to swap the city for the seaside, Prego Pattaya Pasta Lab & Bar at Amari Pattaya welcomes guests with fresh pasta made in-house, pizza and contemporary interpretations of Italian classics, overlooking the curve of North Pattaya Beach. Meanwhile, Amaya Food Gallery offers familiar Thai and international dishes, making a seaside meal another opportunity to relax and spend time with family or someone special.

This November, Prego is set to open a new location at Amari Don Muang Airport Bangkok, offering another choice for families looking to spend time together over their favourite Italian dishes, whether in the city, by the sea or close to the airport.

A Thai meal for moments when you want the conversation to last a little longer — ChomSindh

For meals with older family members or friends of different generations, part of the appeal of Thai cuisine lies in gathering around a table to enjoy a variety of dishes, choosing, serving and sharing as the conversation flows. ChomSindh at Amari Bangkok presents Thai cuisine inspired by rivers and the sea, with dishes such as Chaiya-style Pad Thai with River Prawns, ChomSindh Rice Soup, Naree Kansaeng, Tiger Prawns Stir-fried with Herbs and Spices using a traditional recipe, and Grouper with Three-flavour Sauce. These dishes draw on recipes passed down through generations, locally sourced ingredients and traditional cooking techniques, served in a contemporary setting with an open kitchen.

ChomSindh is also bringing its flavours to Amari Johor Bahru in Malaysia through a pop-up throughout October, followed by Amari Hua Hin throughout November. These pop-ups invite guests to discover Thai cuisine inspired by rivers and the sea, while sharing good food and memorable moments with family and friends. With a selection of dishes brought together at one table, everyone can explore different flavours while talking, exchanging stories and spending time together throughout the meal, bringing the pleasure of good food together with the joy of good company.

Turn an everyday meal into a special occasion with new flavours — NILA

Celebrations need not be reserved for birthdays or anniversaries. Some good news, a new beginning or simply a desire to spend time together can be reason enough. NILA at Amari Bangkok presents a contemporary interpretation of Indian cuisine from across the country, drawing on the heritage, stories and memories behind its recipes. Its approachable flavours make it an inviting choice for couples and groups of friends keen to discover something new.

More than a meal: time spent together, another experience from ONYX Hospitality Group

From family meals where everyone can choose a favourite dish and longer conversations over Thai cuisine to exploring new flavours with friends or enjoying a change of scenery by the sea, food may be the starting point, but it is the time spent together that makes each meal memorable.

For ONYX Hospitality Group, which manages hotels, resorts, serviced apartments and luxury residences, alongside restaurants and spas across Asia Pacific, dining is another important part of the journey. The Group has therefore developed ONYX Dining to bring together its restaurants with a variety of concepts, from Italian, Thai and contemporary Indian cuisine to seaside dining, while establishing a distinctive identity for each restaurant in its destination.

This approach aligns with ONYX Hospitality Group’s More of What You Love theme, reflecting the idea of choosing to spend time on the things each person enjoys throughout their journey, from dining and relaxation to activities, discovering destinations and moments shared with the people who matter.

ONYX Rewards members can enjoy dining discounts at participating restaurants according to their membership tier, while Prego offers discounts starting from 10% and up to 30% for Platinum members, in addition to accommodation benefits, subject to the applicable terms and conditions.

Whatever the occasion, the question may be more than “What would you like to eat today?” It may also be “Who would you like to spend this meal with?”

Hashtag: #ONYXHospitalityGroup

The issuer is solely responsible for the content of this announcement.

About ONYX Hospitality Group:

ONYX Hospitality Group is a leading hospitality management company in Asia-Pacific, with a complementary portfolio of brands comprising Amari, OZO, Shama and Oriental Residence. Together, these brands serve the diverse needs of business and leisure travellers across the region, where ONYX has deep market expertise. Beyond accommodation, the Group also operates spa and food and beverage businesses. Drawing on six decades of management experience, ONYX delivers innovative hospitality solutions across the region while upholding internationally recognised standards and maintaining operational agility. By building enduring relationships with like-minded business partners, ONYX Hospitality Group delivers distinctive experiences in a dynamic and competitive market, responding to the evolving needs of today’s travellers.

More information: www.onyx-hospitality.com

Find us on social media:

Follow us on Instagram: https://www.instagram.com/onyxhospitalitygroup/

Follow us on LinkedIn: https://www.linkedin.com/company/onyx-hospitality-group/

Follow us on Facebook: https://www.facebook.com/ONYXHospitalityGroup

By Dr. Nilanjan Banik The Union Cabinet’s approval, on 14 October 2026, to sell the government’s and LIC’s combined 60.72% stake in IDBI Bank to a Fairfax Financial Holdings subsidiary for about ₹52,878 crore is more than another entry in India’s disinvestment ledger. At roughly $5.6 billion, it is the largest foreign investment yet in […]

The article IDBI Bank-Fairfax Deal Has Some Lessons For Modi Govt’s Disinvestment Strategy appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).