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Arenadata Eyes IPO on Moscow Exchange in 2024 Sources

Three sources in the Russian financial industry SOURCE Reuters claim that Russian data collecting and storage platform developer Arenadata plans to c

Three sources in the Russian financial industry SOURCE Reuters claim that Russian data collecting and storage platform developer Arenadata plans to conduct an Initial Public Offering IPO on the Moscow Exchange in 2024. Later, the business acknowledged that, among other things, it was thinking about going public, although it gave no timeframe. According to Arenadata, "Among the choices is access to the public capital market, which is not eliminated. Furthermore, we think that any quickly growing IT business will naturally reach this level of growth." The change reflects the companys investigation of various business growth and talent acquisition strategies within the IT sector. Read More..

B2B Tech News | 1 years ago        

Kaspi.kz Posts Strong Q3 Results Net Income Surges 40% to $512 Million

The massive fintech company Kaspi.kz, located in Kazakhstan and valued at about $19 billion on the London Stock Exchange, announced impressive Q3 resu

The massive fintech company Kaspi.kz, located in Kazakhstan and valued at about $19 billion on the London Stock Exchange, announced impressive Q3 results and moved closer to a U.S. listing by disclosing its IPO documentation. With sales increasing by over 51% to 508.44 billion Kazakh tenge, the net income for the quarter ended September 30th increased by 40% to 232.49 billion Kazakh tenge $512 million. The firm intends to list in the United States to reach a broader range of investors. It provides fintech, marketplace, and payment solutions. Kaspi.kz, with Morgan Stanley, J.P. Morgan, and Citigroup serving as lead underwriters, applied to list its American Depositary Shares ADS on Nasdaq. Read More..

B2B Tech News | 1 years ago        

Foreign Investment Holds Strong Israeli HighTech Raises $1.5 Billion in Q4 2023

Despite a 15% decline from Q3, Israeli hightech companies raised $1.5 billion in Q4 2023, indicating that international investment was still coming in

Despite a 15% decline from Q3, Israeli hightech companies raised $1.5 billion in Q4 2023, indicating that international investment was still coming in despite the IsraelHamas conflict. A total of 75 agreements totalling $220 million in "seed" finance were disclosed by LeumiTech and the Israel Venture Capital Research Centre. The rise in foreign involvement in Q4 demonstrated the availability of investment funding. Israels economy depends heavily on this industry, which accounts for over half of exports and 12% of jobs. Israeli entrepreneurs raised $7 billion in 2023 instead of $16 billion in 2022, primarily due to investor fears regarding judicial system reforms and the global economic downturn. A hopeful perspective is supported by overseas investors finding Israeli hightech enterprises appealing despite hurdles. Read More..

B2B Tech News | 1 years ago        

Huawei Forecasts Robust Growth Expects Revenue to Surpass $98.5 Billion, Up 9% YoY in 2023

In an internal New Year letter, rotating chairman Ken Hu disclosed that Huawei expects to report sales above 700 billion yuan $98.5 billion for 2023,

In an internal New Year letter, rotating chairman Ken Hu disclosed that Huawei expects to report sales above 700 billion yuan $98.5 billion for 2023, representing a 9% YoY rise from the 642.3 billion yuan in 2022. The prediction denotes Huaweis comeback from US sanctions that hindered its ability to get essential international technology. Hu said the firm is "pretty much back on track" after overcoming obstacles, and he commended our partners and the Huawei team for their tenacity. Huaweis comeback to the highend smartphone market is anticipated with the release of the Mate60 series. Huawei acknowledges the unpredictability of the geopolitical and economic landscape, but in 2024, it intends to concentrate on business efficiency measures. Read More..

B2B Tech News | 1 years ago        

Maldives Inland Revenue Authority Records 10.5% Revenue Growth in November 2023

The Maldives Inland Income Authority MIRA said their total income for November 2023 was MVR 1.67 billion, representing a 10.5% rise over the same mont

The Maldives Inland Income Authority MIRA said their total income for November 2023 was MVR 1.67 billion, representing a 10.5% rise over the same month in 2022. The increase in growth is ascribed to increased tax revenue from sources including the TGST and GGST, as well as the rate rises on each in 2023. The favourable result was further influenced by the 3.5% rise in tourist arrivals in October 2023, the expatriate quota charge, and the Tourism Land Rent dues collection. GST 67.16%, Income Tax 6.60%, Green Tax 5.10%, Airport Development Fee 4.50%, and Departure Tax 4.34% are the primary sources of revenue. The entire amount collected is 9.3% more than expected. Read More..

B2B Tech News | 1 years ago        

Morocco Launches Social Reforms Nearly a Million Disadvantaged Families to Receive Monthly Assistance

Morocco has announced that, as part of a social reform launched by King Mohammed VI in 2020, almost a million impoverished households would get direct

Morocco has announced that, as part of a social reform launched by King Mohammed VI in 2020, almost a million impoverished households would get direct monthly aid for the first time. Beneficiaries of the targeted family allowances, irrespective of the makeup of their families, will receive at least 500 dirhams just over $51 monthly. The programme is a component of a larger project that also includes providing free medical care to over 10 million underprivileged individuals and extending social security coverage to all Moroccans. The nation faces social inequality and economic difficulties while social reforms are being implemented. Read More..

B2B Tech News | 1 years ago        

Ethiopia Officially Defaults on $33 Million Bond Payment Amid Financial Crisis

Ethiopia became the third country in Africa to default in three years when it could not pay the $33 million "coupon" payment on its only international

Ethiopia became the third country in Africa to default in three years when it could not pay the $33 million "coupon" payment on its only international government bond. The COVID19 epidemic and Ethiopias justended twoyear civil war have made the countrys dire financial problems more apparent, as seen by the default. Ethiopia had said earlier that it would formally default. Ethiopia is now grouped with Zambia and Ghana, three other countries reorganising under the "Common Framework." Early in 2021, Ethiopia applied for debt relief under the G20led programme. In November 2022, its official sector government creditors reached a settlement to suspend debt service. Read More..

B2B Tech News | 1 years ago        

Singapore Plans Second Phase of GST Hike, Increasing Rate to 9%

Singapores goods and services tax GST is about to go into effect in its second phase, rising by 1% to 9%. The first phase increased the GST from 7% to

Singapores goods and services tax GST is about to go into effect in its second phase, rising by 1% to 9%. The first phase increased the GST from 7% to 8% earlier in the year. Given that living expenses are already rising, opposition MPs have demanded a postponement. The administration contends that the tax increase is required to support state coffers because of the problems brought on by an ageing population and soaring health care expenses. The Central Bank of Singapore projects an average inflation rate of 2.5–3.5% for 2024. Read More..

B2B Tech News | 1 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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