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Egypt Launches LowCost Airline Air Sphinx

Egypt is set to launch another airline later this year, Air Sphinx. CNBC Arabia reported that a new lowcost airline is working to revitalize the airli

Egypt is set to launch another airline later this year, Air Sphinx. CNBC Arabia reported that a new lowcost airline is working to revitalize the airline industry and boost profits after EgyptAir suffered massive losses during the pandemic. In addition, according to Elhamy ElZayat, the former head of the Egyptian Tourism Federation, it will increase the flow of tourism to and from Egypt. Air Sphinx will operate from the citys Sphinx Airport on October 6, he added. Egyptbased Elsewedy Electric has signed a contract with Germanys Deutsche Bahn International Operation to operate and maintain Egypts highspeed rail network. Read More..

B2B Tech News | 2 years ago        

Aero Raises $65M for SemiCivil Airline.

Aero Technologies raised $65 million, $50 million of which was in a Series B funding round. The company operates the 16passenger Embraer 135 regional

Aero Technologies raised $65 million, $50 million of which was in a Series B funding round. The company operates the 16passenger Embraer 135 regional jet and the 13passenger Legacy 600 jet. In the United States, currently, the most popular routes are from Los Angeles to Aspen and Los Cabos. The average rate on the company line is about $1,700. Subramanian says word of mouth has been a major driver of his business, as is his partnership with upscale membership clubs and hotel chains. Because Aero tends to own jets, the company plans to use the new funds to further expand into other markets. Read More..

B2B Tech News | 2 years ago        

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According to the RBI, inflation is still above the target level and may call for action. The most heartening development, according to the report, was

According to the RBI, inflation is still above the target level and may call for action. The most heartening development, according to the report, was the decrease in inflation in July. While the first quarter of 2019 will see inflation within the 6% tolerance band, bringing it below 4% would be a more difficult task. The State of the Economy report, which was coauthored by deputy governor Michael Patra, stated that the reduction in inflation in July was the most heartening development and has proven the RBIs theory that inflation peaked in April 2022. Read More..

B2B Tech News | 2 years ago        

Nigerian Debt Crisis Alternative Financing Options for Nigerians

In the first quarter of this year, Nigerias debt situation deteriorated. By March 2022, the nations total debt had increased by N2.04 trillion to N41.

In the first quarter of this year, Nigerias debt situation deteriorated. By March 2022, the nations total debt had increased by N2.04 trillion to N41.60 trillion. decreased from N17.46 trillion to N19.91 trillion, the total amount borrowed from the Central Bank of Nigeria. Nigerias debt service expenses in the first four months of this year were greater than its income. Experts advise looking into alternative forms of financing. Infrastructure can be financed in several ways, including by expanding the tax base to generate more revenue, printing more money, forming publicprivate partnerships, and luring foreign direct investment. Read More..

B2B Tech News | 2 years ago        

Germany is reducing the tax on electricity bills for homes

The gasoline sales tax will be reduced from 19% to 7%. As long as the levy is assessed, the reduced rate will be in effect. The price cap is now antic

The gasoline sales tax will be reduced from 19% to 7%. As long as the levy is assessed, the reduced rate will be in effect. The price cap is now anticipated to exceed £4,200 in January, further taxing household finances. Germany had been in discussions with the EU to find a way to lessen the financial burden. The FTSE 100 has increased as commodity shares have been on the rise. Gains were constrained by worries that the Bank of Englands rapid tightening of policy would start a recession. In a copper smelter in northern Quebec, Glencore Plc will invest C$520m £335m. Read More..

B2B Tech News | 2 years ago        

Koolboks closes a $2.5 million seed round led by Aruwa Capital

Koolboks, a sustainable refrigeration company that provides affordable cold storage solutions to African businesses, has closed its $2.5 million fundi

Koolboks, a sustainable refrigeration company that provides affordable cold storage solutions to African businesses, has closed its $2.5 million funding round. The round was led by Aruwa Capital Management and brought together acumen, Blue Earth Capital, All On, GSMA and other investors. This brings the companys total investment to date to $3.5 million. In Africa, there are significant levels of spoilage, particularly in the food and pharmaceutical industries, due to grid instability and lack of power. This investment will enable the company to achieve the next level of growth and expand globally over the next few years. In line with Aruwas genderfocused investment strategy, KoolBoks was cofounded by women, with 67% of its executives being women and 73% of its B2C customers being women. Read More..

B2B Tech News | 2 years ago        

Parisbased Koolboks has closed a $2.5 million seed round to expand solar cooling in Africa.

Africas electricity supply is erratic and unsustainable, affecting both rural and urban households and businesses. Koolboks refrigerators use Africas

Africas electricity supply is erratic and unsustainable, affecting both rural and urban households and businesses. Koolboks refrigerators use Africas abundant solar power to keep them cold for up to 4 days when there is no power. The Frenchbased, Africanbased startup is targeting business owners in new markets, namely Africas offline and emerging markets. Payasyougo technology allows consumers to pay for their refrigerators in monthly, weekly, or daily installments. They pay by mobile phone or through a POS agent near their stores they receive tokens that are entered as codes in the refrigerator. The company currently sells in 18 countries, 13 of which are in SubSaharan Africa. Read More..

B2B Tech News | 2 years ago        

3D Technology Market by Application and Geography Forecast and Analysis 20222026 49% Growth from North America

From 2021 to 2026, the 3D Technology Square reached 2187.71 billion. Increases to the dollar. In 2022, YOY growth rate is estimated at 18.52%. Charles

From 2021 to 2026, the 3D Technology Square reached 2187.71 billion. Increases to the dollar. In 2022, YOY growth rate is estimated at 18.52%. Charlestonbased Ralph H. Johnson VA Medical Center has filed for FDA approval for its 3Dprinted hearing aids. Stryker acquires Wright Medical, specialist in 3D printed wrist implants. ION Geophysical Corporation announced that it has awarded a Gem Wide Azimuth 3D procurement contract in the Mediterranean Sea. It is expected that such events will increase the growth of the market during the forecast period. Read More..

B2B Tech News | 2 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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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