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Aman launches securitization branch with first issue of $ 26.39 million in 3 months

Egypts Aman Group, one of the leading FinTech companies in the Egyptian market, has announced the establishment of Aman Securitization company. The Gr

Egypts Aman Group, one of the leading FinTech companies in the Egyptian market, has announced the establishment of Aman Securitization company. The Group also expanded into two new financing sectors, namely nanofinance, with a maximum of EGP 3,000 to support marginalized groups, and Islamic finance, which is very popular in Egypt. Ahmed ElKhatib, CEO and Managing Director of Aman Microfinance, said, Aman Microfinance is committed to helping small and medium enterprises thrive and maintain continuity in the face of crises and rapid changes in the business world, and to achieve sustainability. We also want to continue to develop and invest in these services to support the nonbanking financial sector and achieve financial inclusion. Hazem Moghazy, CEO and Managing Director of Aman Financial Services, said The Group is committed to providing a comprehensive platform for financial services to customers of all categories. Read More..

B2B Tech News | 2 years ago        

According to IBM, the average cost of a data breach for Canadian companies surveyed was $7 million

During the 12 months ending in March, the 25 Canadian companies that were compromised paid an average of $7 million per incident to recover. By estima

During the 12 months ending in March, the 25 Canadian companies that were compromised paid an average of $7 million per incident to recover. By estimation, the average value of the 550 companies surveyed worldwide was $5.5 million all in Canadian dollars. These figures are in the latest annual cost of data breach study by IBM and the Ponemon Institute, released today. The massive cost elements of a data breach are the cost of detection and recovery including finding affected systems and loss of business. ORegan said the increase in telecommuting since the pandemic was the latest factor in the data breach. Read More..

B2B Tech News | 2 years ago        

Root Global, based in Berlin, raises € 2.5 million to decarbonise the global food system

31% of global anthropogenic greenhouse gas GHG emissions come from the global agrifood system. Roots vision is to become a CO2 monitoring system for t

31% of global anthropogenic greenhouse gas GHG emissions come from the global agrifood system. Roots vision is to become a CO2 monitoring system for the food industry, driving all decisions that could affect a companys emissions performance and thereby generating revenue. To this end, the Berlinbased startup has now raised 2.5 million euros. Today, our food system emits 16.5 billion tonnes of carbon equivalent. This means that almost 1 in 3 tons enters the atmosphere. The preseed round was led by Project A with the participation of Nucleus and a large group of angel investors. The funds will be used to develop the first full version of the product for the food industry. Read More..

B2B Tech News | 2 years ago        

Singapores Keppel posts 66% increase in halfyear profits as businesses recover

Keppel Corp reported a 66% rise in firsthalf profit on Thursday, helped by higher earnings across most of its main businesses. The Singaporean conglom

Keppel Corp reported a 66% rise in firsthalf profit on Thursday, helped by higher earnings across most of its main businesses. The Singaporean conglomerate traces its roots to a small ship repair yard corporatized in 1968. It posted a net profit of S$498 million for the six months to Jun 30, compared to S$300 million a year earlier. Keppel Corp has proposed an interim dividend of 15 Singapore cents per share, compared with 12 Singapore cents a year earlier, boosted by strong performances from its renewable energy and asset management units. Read More..

B2B Tech News | 2 years ago        

The cabinet has approved a BPCL unit to invest Rs 12,000 crore in developing Brazils oil fields

Bharat PetroResources Ltd BPRL has received additional funding of $1,600 million from the Union Cabinet Committee on Economic Affairs CCEA for the gro

Bharat PetroResources Ltd BPRL has received additional funding of $1,600 million from the Union Cabinet Committee on Economic Affairs CCEA for the growth of the BMSEAL11 Concession Project in Brazil. The Cabinet also gave BPRL, a wholly owned subsidiary of Bharat Petroleum Corporation Limited BPCL, permission to increase the cap on BPCLs equity investment and the permitted share capital of the company. Brazilian crude oil is a source of interest for Indian oil companies. Read More..

B2B Tech News | 2 years ago        

Telenet reports main profit down 3% in the first half

Telecoms company Telenet reported a 3% drop in its core profit in the first half of the year due to inflation and high energy prices. The group repor

Telecoms company Telenet reported a 3% drop in its core profit in the first half of the year due to inflation and high energy prices. The group reported adjusted earnings before interest, tax, depreciation, and amortization EBITDA of €670.6 million $684.1 million for the six months that ended June 30. The sale of Telenets telecommunications tower business resulted in a net profit of €793.4 million, an increase of 275%. Telenet has confirmed its outlook for the full year and is looking forward to a strong second half in terms of both revenue and adjusted EBITDA. Read More..

B2B Tech News | 2 years ago        

SQM has signed a contract to monetize the Australian Dorchap lithium project

Chilean lithium producer Sociedad Química y Minera de Chile SQM, through its whollyowned subsidiary SQM Australia, has agreed with Dart Mining to acq

Chilean lithium producer Sociedad Química y Minera de Chile SQM, through its whollyowned subsidiary SQM Australia, has agreed with Dart Mining to acquire a stake in the Dorchap lithium project in Victorias Australia. This transaction authorizes SQM to explore, mine, and process lithium and related minerals at the project. These projects include Victorian Exploration Barracks EL5315, EL006277, EL006300, and EL006486. The transaction also authorized SQM for funding an exploration program for the project over the next six years. The funding is up to US$12 million, excluding 70% of the commitment. After SQM will initially acquire a 30% stake in the project, the company will have the option to form a joint venture with Dart Mining. Read More..

B2B Tech News | 2 years ago        

The British BT returns to sales growth and reiterates its forecasts

BT Group beat market expectations with a 1% rise in sales in the first quarter, driven by price increases and better offers in the consumer segment. T

BT Group beat market expectations with a 1% rise in sales in the first quarter, driven by price increases and better offers in the consumer segment. The company, hit by a strike by another 40,000 paid workers on Friday, reported sales of 5.1 billion pounds and an underlying profit of 1.9 billion pounds $2.3 billion, up 2 %. Managing director Philip Jansen said that despite the business difficulties, BT performed well in its operations for the three months to June 30 and had recovered core revenues and profits. 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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