{"id":106977,"date":"2025-08-28T00:00:00","date_gmt":"2025-08-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/botim-adds-o-golds-in-app-gold-trading\/"},"modified":"2025-08-28T00:00:00","modified_gmt":"2025-08-28T00:00:00","slug":"botim-adds-o-golds-in-app-gold-trading","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/08\/28\/botim-adds-o-golds-in-app-gold-trading\/","title":{"rendered":"Botim adds O Gold\u2019s in-app gold trading"},"content":{"rendered":"

INVESTMENT- <\/p>\n

Botim rolls out O Gold\u2019s gold investment feature: <\/strong>O Gold, the UAE\u2019s fractional gold and silver ownership app, has integrated its fractional gold investment service into fintech and communications app Botim, according to a press release (pdf)<\/a>. The feature lets Botim\u2019s 8.5 mn UAE users buy and sell digital gold from as little as 0.1g, with an annual yield of 3% in grams under O Gold\u2019s leasing program. This makes Botim the first MENA fintech to offer in-app gold trading.<\/p>\n

REMEMBER- <\/strong>O Gold rolled out a micro gold leasing program in February<\/a> with US-based Monetary Metals, lowering the entry point to 0.1g and offering up to 16% annual returns with monthly gold payouts and flexible withdrawals.<\/p>\n

The move is the latest in a series of upgrades for Botim: <\/strong>Backed by Astra Tech, the app previously partnered with Mbank<\/a> to issue the UAE\u2019s Jaywan cards, teamed up with 7X<\/a> to add payroll, remittances, and AI verification tools, and rolled out products including SME payroll<\/a>, National Bonds investment services<\/a>, and send now, pay later remittances<\/a> \u2014 as it evolves into a superapp. <\/p>\n

AUTOMOTIVE- <\/p>\n

Al Futtaim + Ashok Leyland partner on commercial vehicle distribution in Qatar:<\/strong> UAE-based conglomerate Al Futtaim sealed an agreement with Indian automotive manufacturing giant Ashok Leyland \u2014 a flagship of the Hinduja Group \u2014 to distribute its vehicles in Qatar, according to a press release<\/a>. Famco Qatar, a subsidiary of Al Futtaim, will bring the brand\u2019s lineup, including buses and heavy-duty trucks, to the market.<\/p>\n

HOSPITALITY- <\/p>\n

UAE\u2019s Leva Hotels to redevelop Zimbabwe landmark: <\/strong>Dubai-based Leva Hotels signed an agreement with Revitus Property Opportunities REIT to redevelop Harare\u2019s Chester House into a 117-key hotel \u2014 Ekono by Leva, according to a press release<\/a>. The project, which marks Leva\u2019s first entry into Southern Africa, will convert the 10-story building into a three-star property.<\/p>\n

IN CONTEXT- <\/strong>Listed on the Zimbabwe Stock Exchange since December 2023, Revitus is looking to grow its portfolio with Chester House as its first property slated for redevelopment. <\/p>\n

TECH-<\/p>\n

Borouge pilots AI control room with Yokogawa: <\/strong>Petrochemicals firm Borouge is working with Yokogawa UAE Industry on a proof-of-concept to introduce AI-powered autonomous control room operations at its Ruwais petrochemicals complex, according to a company statement<\/a>. The project will use AI to analyze plant data, predict anomalies, and reduce unplanned shutdowns, with the aim of boosting operational efficiency.<\/p>\n

Bigger picture: <\/strong>The initiative is part of Borouge\u2019s wider digitalization and technology program, which targets USD 575 mn in value generation in 2025. By mid-year, the company said it had already delivered USD 307 mn toward that goal.<\/p>\n

\n

BUSINESS- <\/p>\n

UAE, Angola set up joint business council: <\/strong>The UAE Chambers of Commerce and Industry and Angola\u2019s Chamber of Commerce and Industry signed an MoU to establish the UAE-Angola Business Council during a delegation visit to Luanda, Wam<\/a> reports. The council will promote investment and trade ties, with plans to organize joint exhibitions, trade missions, and programs in priority economic sectors identified by both sides.<\/p>\n

ICYMI- <\/strong>The move follows the trade and economic partnership agreement<\/a> signed with Angola earlier this week, which saw several MoUs with UAE firms<\/a> including Dubai Investments, Space42, and AD Ports in logistics, manufacturing, and space.<\/p>\n","protected":false},"excerpt":{"rendered":"

ALSO- Al Futtaim tapped India\u2019s Ashok Leyland to distribute its vehicles in Qatar<\/p>\n","protected":false},"author":1,"featured_media":106978,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[47,1845,766,1357,7,79,1342,1341],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-106977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-astra-tech","tag-borouge","tag-business","tag-enterpriseam-uae","tag-fintech","tag-investment","tag-tech","wpautop","entry"],"acf":{"mongo_id":"94d90779-c335-4ee4-aebd-44362958b5d8","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/1677.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Botim adds O Gold feature, becoming first MENA fintech to offer in-app gold trading","related_issue":[106956],"teaser":"ALSO- Al Futtaim tapped India\u2019s Ashok Leyland to distribute its vehicles in Qatar","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.2fbae4fc-3d59-4474-9a52-4bb513889e8e.mp3"},"yoast_head":"\nBotim adds O Gold\u2019s in-app gold trading - 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