Orange Jordan has received the Fastest Fixed Internet – Fiber speed award in Jordan for 2023 from SpeedChecker, the globally renowned website. The studies and speed tests related to this certificate covered the Internet subscribers in Jordan and indicated that Orange Jordan is offering the fastest Internet for 2023, for the second consecutive year.

The award was presented to the Chief Consumer Marketing Officer, Naila Al Dawoud and the Chief ITN & Wholesale Officer, Eng. Walid Al-Doulat on behalf of Orange Jordan with the presence of a number of the Company’s employees.

Since 2008, SpeedChecker has been operating in the Middle East providing smart websites and applications that enable clients to check the quality of their internet connection, which has contributed to improving the infrastructure of many Internet and mobile service providers, noting that the Company’s headquarters is in Ireland and its offices are in the United Arab Emirates.

In an era where speed plays a pivotal role in enriching the user experience, especially with regard to digital services, Orange Jordan considers that obtaining this certificate for the second consecutive year, which comes after a detailed speed tests involving tens of thousands of all internet subscribers during 2023, is the culmination of its role as a Responsible Digital Leader.

Orange Jordan strives to provide a distinguished digital experience for all its subscribers being individuals or businesses to enable them to enjoy an unlimited variety of features and services with the highest quality including online learning, entertainment, gaming, and watching online videos. All this comes in line with the Company’s advanced solutions and continuous development of its networks and infrastructure to meet the customers’ needs and aspirations. In this context, Orange Jordan expressed its pride of its customers’ trust which fuels its efforts to always exceed their expectations.

This significant milestone is perfectly aligned with Orange Jordan’s tireless efforts to invest in the digital infrastructure and the Fiber services in addition to providing its customers with the latest and most innovated technologies such as the cutting-edge Fiber Box devices with the Wi-Fi 6 technology. The new revolutionary technology enables subscribers to enjoy faster speeds and increase the number of devices connected to Wi-Fi with a lower latency. All this coincides with the launching of a new super speed of 10,000 Mbps for the first time in Jordan and the region.

It is worth mentioning that Orange Jordan currently acquires the largest Fiber market share in Jordan according to the Telecommunications Regulatory Commission (TRC) which is a result of prioritizing the customers and providing them with the highest quality services and solutions.

Under the leadership of Chairman Dr. Mohammed Hussein Halboob, the National Bank of Yemen marked a significant milestone in compliance with the implementation of the Risk-Based Approach (RBA) solution. The ceremony, attended by key figures such as Dr. Ahmed Omer bin Sankr, General Manager of NBY, and Dr. Muhammad Omar Banaja, Deputy Governor of the Central Bank of Yemen, along with Dr. Saleh Al-Jariri, General Manager of the Oil Company in Aden, the Industry and Trade Office General Manager Wassim Al-Omari, and Planning and International Cooperation Office Manager Intisar Murshid, was a historic day for the bank.

During the event, Dr. Ahmed Omar bin Sankr emphasized the importance of the achievement represented by the RBA solution launch, adding to the bank’s impressive track record under Dr. Halboob’s leadership. He expressed gratitude to Pio-Tech for their collaboration and training of the bank’s staff on the new system.

The National Bank of Yemen, with a history spanning over 55 years, connects its modernization systems to the Central Bank of Yemen, ensuring alignment with regulations and procedures. The compliance officer, Faisal Mohsen Al-Soudi, highlighted the bank’s commitment to combating money laundering and terrorist financing by implementing systems like RBA and AML.

Fahd Al-Subaihi, Executive Director of the National Committee, commended the bank’s efforts in launching the Risk-Based Approach (RBA) solution, extending congratulations to the leadership, management, and employees of the National Bank of Yemen.

The ceremony was attended by various notable figures, including Mohsen Al-Shabhi, Deputy Director General of Banking Departments, Legal Advisor Arwa Saif, Director of the Office of the Chairman of the Board of Directors Muwafaq Hashem bin Hashem, Head of the Compliance Audit Unit Moaz Al-Kaaki, Public Relations Officer in the Office of the Chairman of the Board of Directors, department heads, specialists, employees of the National Bank of Yemen, and others. The ceremony showcased the National Bank’s dedication to staying at the forefront of modern banking practices and ensuring the protection of its customers from financial crimes.

Bank of Palestine launched two initiatives to support the Palestinian technology innovators and entrepreneurs. The first initiative, RISE Palestine, aims to raise $3,000,000 donations to support the Resilience for the Innovation and Startup Ecosystem in Palestine Program, in collaboration with Intersect Innovation Hub. The second initiative is SAFE Palestine, in reference to the Simple Agreement for Future Equity as a financial investment instrument, raising $5,000,000 in Bridge Finance to enhance the sustainability and continuity of startups in partnership with Intersect Advisory and Entrepreneurship Co. and collaboration with Intersect Innovation Hub. These initiatives aim to revive the tech and startup ecosystem that has suffered immensely from the devastating war on Gaza. Full details can be accessed through the following website: www.risepalestine.intersecthub.org

Prior to the war on Gaza, efforts to build the Palestinian innovation and startup ecosystem were underway to shape a better future. The Gaza tech economy was thriving despite years of siege, isolation, deprivation, and unimaginable adversity. Young Palestinians in Gaza and the West Bank have showcased remarkable resilience and entrepreneurial spirit. Over the past 16-years of blockade, Gazans embraced technology and innovation. Despite all obstacles, they managed to work with international companies and launch startups with global ambitions. However, the recent war on Gaza and the increased violence in the West Bank continue to have a devastating impact on the Palestinian people, infrastructure, and the economy.
The mission of RISE Palestine and SAFE Palestine is to identify and address the critical needs of tech talent and startups in Palestine with a focus on Gaza. Bank of Palestine has been a longtime supporter of the Palestinian entrepreneurial and innovative ecosystem. In continuation of its long term support the bank is working with leading local partners in order to provide crucial support for immediate recovery and economic resilience for tech talent and startups across Gaza, the West Bank, and East Jerusalem.
In this context, Hashim Shawa, Chairman of Bank of Palestine Group stated that “While we are witnessing an unprecedented devastating war against every aspect of life in Gaza, we have decided not to sit idly and not act. As such, we have
launched RISE Palestine and SAFE Palestine which puts to action our commitment to safeguard and revive the spirit of innovation and entrepreneurship that once thrived in Gaza. These initiatives will quickly enable a recovery of this sector in support of youth by providing funding for entrepreneurs and startups to withstand the loss of income.” He added “These entrepreneurs, if livelihoods are sustained now, will be quick to rise from the ashes of war, all they need is a laptop, wifi and a safe place to restart their activities.”
The RISE Palestine will begin soliciting grants applications upon raising a minimum threshold of $500,000. Bank of Palestine has committed $150,000 to support the RISE Palestine initiative. The initiative will extend support for a period of six months to a year, depending on identified needs and availability. The initiative consists of two types of grants, “TEAMs Grants” and the “Startup Grant.” The TEAM Grant targets established technology businesses, and freelancers by providing emergency relief stipends for tech talent in Gaza and emergency hire stipends for their tech counterparts in the West Bank and East Jerusalem who will honor their peers’ contracts with international outsourcing companies to ensure the continuation of service. Meanwhile, the Startup Grant focuses on early-stage tech startups across Palestine, offering support for their day-to-day operations to ensure survival and foster growth.
The TEAM Grant will offer up to $10,000 in grants for established businesses and up to $1,500 per month for freelancers; targeting a total of 50 companies. The Startup Grant will provide a maximum of $50,000 per startup, supporting up to 50 startups. The RISE Palestine initiative will be overseen by three committees: the Advisory Board, the Selection Committee, and the Financial Committee, to ensure transparent and effective implementation. These committees are composed of industry leaders and experts and will provide strategic oversight, grantee selection, and financial management, respectively.
As for SAFE Palestine initiative, it is raising $5,000,000 for investments and grants through its Bridge Finance, with a target of up to $200,000 funding per startup to be provided through a special purpose vehicle, which will invest in up to 50 high-growth startups with clear traction using Simple Agreements for Future Equity (SAFE notes), to extend their runway an additional nine months. The fund provides support through founder-friendly investment agreements that are inexpensive, quick to
execute, and universally well understood. Bank of Palestine has committed $500,000 to the SAFE Palestine initiative.
As a lead partner, Rateb Rabi, CEO of Intersect Innovation Hub highlighted the role of entrepreneurship support organizations: “In these challenging times, the role of enablers like Intersect and others is not just crucial, it is transformative and impactful. Through RISE Palestine, we are channeling our resources and expertise to reignite the entrepreneurial spirit in Palestine. Our focus is on nurturing and empowering tech startups, providing them with the support they need to innovate, grow, and contribute significantly to rebuilding our economy through the Startup Grant and Simple Agreement for Future Equity.”
We extend an earnest invitation to believers in the Palestinian innovative ecosystem to engage and contribute to the RISE Palestine initiative and SAFE Palestine initiative in aiding the recovery, resilience, and growth potential of the innovative and startup ecosystem in Gaza and Palestine.
For additional information about the RISE Palestine initiative and SAFE Palestine initiative, please visit our website at risepalestine.intersecthub.org. Contact Rateb H. Rabi, CEO of Intersect Innovation Hub email: rateb@intersecthub.org or on WhatsApp at +972566885522.