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Despite fears of a recession, oil prices have stabilised

Brent crude futures rose as much as 2.9% to $105.85 a barrel in early trade. It had plunged 9.5% on Tuesday, the biggest daily drop since March. US We

Brent crude futures rose as much as 2.9% to $105.85 a barrel in early trade. It had plunged 9.5% on Tuesday, the biggest daily drop since March. US West Texas Intermediate crude climbed to a session high of $102 a barrel. It closed below $100 for the first time since late April. The Norwegian government intervened to end a strike in the petroleum sector that had cut oil and gas output, ending a deadlock that could have worsened Europes energy crunch. Former Russian President Dmitry Medvedev has warned that Japans proposal to limit the price of Russian oil to half the current level will lead to a major drop in oil prices on the market. Read More..

B2B Tech News | 2 years ago        

Digital Bank YAP, based in the UAE, raises $41 million to expand to Saudi Arabia, Pakistan, and Egypt

Digital bank YAP reportedly plans to expand into Saudi Arabia, Egypt, Pakistan, and Ghana. The company recently received a license to work in Pakistan

Digital bank YAP reportedly plans to expand into Saudi Arabia, Egypt, Pakistan, and Ghana. The company recently received a license to work in Pakistan, Ghana, as well as Saudi Arabia. Reuters reports that the company plans to look into targeting the remittance market for Pakistani workers. UAE has become a hub for finance, particularly in Abu Dhabi and Dubai and it is now known as the third biggest economy in the Arab League after Saudi Arabia and Egypt. Read More..

B2B Tech News | 2 years ago        

Digital payments in India are expected to reach $ 10 trillion by 2026

A PhonePe PulseBCG report Digital payments in India A $10 trillion opportunity The adoption of UPI Unified Payments Interface in India has been largel

A PhonePe PulseBCG report Digital payments in India A $10 trillion opportunity The adoption of UPI Unified Payments Interface in India has been largely fueled by international and domestic fintech players. According to PhonePe, the next wave of growth will come from Tier 3–6 locations. According to Boston Consulting Groups managing director and partner, Prateek Roongta, merchant payments will end up being the most vital factor in this growth. Userfriendly interfaces, creative products, and an open API ecosystem all contribute to this. Read More..

B2B Tech News | 2 years ago        

According to a report, Shopee has opened five new distribution centres in Brazil.

Shopee has become one of the most downloaded eCommerce apps in Brazil since its launch in 2019. In midMay, the company surpassed its revenue estimate

Shopee has become one of the most downloaded eCommerce apps in Brazil since its launch in 2019. In midMay, the company surpassed its revenue estimate for the quarter and posted a lowerthanexpected quarterly loss. The new distribution centers are located in the cities of Sao Joao do Meriti, Campinas, and Ribeirao Preto. In March, the company said it had withdrawn from India and France, while rising costs and supply chain problems compounded its woes, sending shares down 70 % this year. Read More..

B2B Tech News | 2 years ago        

Abbassiya railway switch workshop will be run by a joint EgyptianAustrian company

The National Railways of Egypt has signed a contract with the Austrian company Vost Alpin for the management and operation of the Abbasiyeh participat

The National Railways of Egypt has signed a contract with the Austrian company Vost Alpin for the management and operation of the Abbasiyeh participatory production workshop. The contract includes the construction of a new line equipped with the latest hightech machinery to produce 600 switches a year. It also includes the transfer of modern manufacturing technology and the training of Egyptian workers under the supervision of experts from the Austrian company. The minister stressed the great interest of Austrian companies in increasing the volume of cooperation with Egyptian companies. He also pointed to the implementation of giant projects in the field of transportation under the directives of President Abdel Fattah AlSisi. Read More..

B2B Tech News | 2 years ago        

ASML Shares Decline Following Report That US Wants to Limit Sales to China

ASML shares fell 7.2% after a report said the U.S. government wants to restrict the sale of semiconductor equipment to China. The Dutch company has be

ASML shares fell 7.2% after a report said the U.S. government wants to restrict the sale of semiconductor equipment to China. The Dutch company has been unable to sell its most advanced machines to Chinese customers since 2019. Restricting their sale would be damaging to Chinas chip industry and would likely worsen a global semiconductor shortage. The U.S. National Security Commission on Artificial Intelligence has recommended that allies should deny China access to top DUV, EUV, and related tools. Analysts say a total ban on DUV equipment is highly unlikely, but further restrictions could be tied to Chinas foreign policy. Read More..

B2B Tech News | 2 years ago        

Middle Eastern entrepreneurs are named winners of the C3 Impact Accelerator

The winners of the 2022 C3 Impact Accelerator awards have been announced after a final round of business pitches at HSBCs UAE headquarters in Dubai.

The winners of the 2022 C3 Impact Accelerator awards have been announced after a final round of business pitches at HSBCs UAE headquarters in Dubai. BlindLook, empowering those with visual impairment by developing audio mapping technologies, came first, with the UAEs Homeport Water Solutions coming second, and Egypts iSchool coming third. Judges decided to further add a fourthplace award, won by UAEbased Manhat, which focuses on delivering natural water distillation across the UAE. The awards were presented by Sabrin Rahman, Managing Director and Head of Sustainability for HSBC Europe and MENAT, Nasser Alshaali, Chairman of HSBC Egypt, and Medea Nocentini, Founder of C3. The winners of the C3 Impact Accelerator, powered by HSBC, have been announced at an awards ceremony in Abu Dhabi. BlindLook, CWallet, FortyGuard, Homeport Water Solutions, iSchool, Manhat, MonkiBox, and ONE MOTO were selected from a pool of 40 semifinalists. Read More..

B2B Tech News | 2 years ago        

Russias oil is in a long decline, and the war has exacerbated the problem

The world price of oil exceeded $ 100 a barrel, and on March 8, Brent crude oil rose to $ 130. After more than four months of the war, Russias oil and

The world price of oil exceeded $ 100 a barrel, and on March 8, Brent crude oil rose to $ 130. After more than four months of the war, Russias oil and gas production reached the early level of the war. Russia is the EUs largest energy supplier, accounting for 27% of oil imports and 41% of gas imports. It has not been easy for the EU to ban imports after the war. Other countries have restricted imports of Russian crude oil. Despite all these restrictions, the price of oil has fallen from March highs. This is partly due to the bleak outlook for the world economy, driven by inflation and rising interest rates 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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