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Algeria announced three discoveries all containing gas

Algerian state oil company Sonatrach has made a trio of gas, oil, and condensate discoveries across three separate basins. The European Union is incre

Algerian state oil company Sonatrach has made a trio of gas, oil, and condensate discoveries across three separate basins. The European Union is increasingly looking to Algeria to offset Russian piped gas supplies, so these fresh finds will be welcomed in Algiers and Brussels. Sonatrach and partner Eni have made three gas and condensate discoveries in Morocco, opening up what appears to be a new gas play in the Illizi basin. The operators said they achieved interesting gas production while testing reservoirs in the Lower Devonian reservoir. In Ekker Sud West1 and Rhourde Oulad Djemaa Ouest1 probes hit oil and associated gas in the Sif Fatima 2 license. Read More..

B2B Tech News | 2 years ago        

Small farms in Egypt are very important, but they face many challenges

Despite their crucial role in providing food for the North African nations 103 million people, smallholders are frequently selling their harvests at a

Despite their crucial role in providing food for the North African nations 103 million people, smallholders are frequently selling their harvests at a loss. According to the United Nations, small farms are the primary producers of food for domestic consumption in Egypt. They produce some 47% of Egypts field crops, the FAO calculates. By June, farmers had provided more than 3.5 million tonnes of wheat, over half the domestic supply goal for August, and equal to the total amount supplied in 2021. When things got tough, it went back to compulsory delivery, but this time without the services that came with it, said by Agriculture Minister Abdelhamid Nour. Read More..

B2B Tech News | 2 years ago        

Alibaba is scaling back its global expansion plan to compete with Amazon

Three years ago, Alibaba launched a B2B ecommerce site in the US. The project was also affected by dozens of employees leaving the New York office. Th

Three years ago, Alibaba launched a B2B ecommerce site in the US. The project was also affected by dozens of employees leaving the New York office. The company has now scaled back its goal of hiring 1 million small businesses in the United States to 2,000 a year. According to sources, at least 35 Alibaba.com employees in New York have left the company in the past year. This includes intimidation from upper management and complaints about long working hours. Many roles will not be replaced by platforms quietly exiting the US market. Read More..

B2B Tech News | 2 years ago        

S&P releases risk rating for Australias mortgage insurance sector

S&P Global Ratings has changed its assessment of the Australian mortgage insurance sectors insurance industry and country risk assessment IICRA from i

S&P Global Ratings has changed its assessment of the Australian mortgage insurance sectors insurance industry and country risk assessment IICRA from intermediate to low, as well as from negative to stable. The latest IICRA showed that the risks associated with the slowdown caused by the COVID19 pandemic have decreased for Australian mortgage insurers. It also found that a significant increase in the volume of new home loans resulted in strong underwriting performance across the sector. S&P has upgraded its assessment of the Australian mortgage insurers industry risk to moderately low from severely high, citing low unemployment and solid house price appreciation over the past two years. The move follows S&Ps upgrade of Australias property and casualty P&C insurance sector, which it rates as stable. Read More..

B2B Tech News | 2 years ago        

The growth of tourism in Greece is prompting hotel investors to rethink their investment plans

Despite the pandemic, uncertainty and war in Ukraine, hotel investment flows remain strong. There are already new hotels in Omonia, Syntagma, and Kolo

Despite the pandemic, uncertainty and war in Ukraine, hotel investment flows remain strong. There are already new hotels in Omonia, Syntagma, and Kolonaki. As a sign, the only fivestar aesthetic was designed for the southern part of Athens. Greeces tourism industry wants to beat its 2019 numbers, but interest rates are rising. The rise in the value of money puts pressure on the disposable income of Europeans. Experts say businesses that offer affordable lodging services are more resilient to recessions. Read More..

B2B Tech News | 2 years ago        

South Koreas economy has exceeded growth forecasts

The Korean economy grew 0.7 percent between April and June, up from 0.6 percent in the previous quarter.The biggest surprise was definitely the strong

The Korean economy grew 0.7 percent between April and June, up from 0.6 percent in the previous quarter.The biggest surprise was definitely the strongerthanexpected consumption, CEO Kang said.Mainly because of the reopening,he said. And we expect consumer purchasing power to weaken going forward as fasterthanexpected interest rate increases put significant pressure on debt repayment and consumer spending, and inflation is expected to accelerate this quarter.The war in Ukraine. The easing of social distancing measures has drastically reduced exports and business investment. Read More..

B2B Tech News | 2 years ago        

Cartona, an Egyptian B2B platform, raises $12 million to fund growth

Cartona, a B2B trade market platform, has declared the successful closing of its $12m Series A fundraise. The round was led by Silicon Badia – the v

Cartona, a B2B trade market platform, has declared the successful closing of its $12m Series A fundraise. The round was led by Silicon Badia – the venture capital firm investing in global technology entrepreneurs, with active participation from existing investors. Proceeds will be utilized as turbocharge Cartonas expansion across Egypt – to cover all governorates, grow its product, technology, and services – and explore new verticals beyond FMCG. Silicon Badia has raised $8.5m in Series A funding for Cartona, the first investment of SANAD ESF II in Egypt, continuing the success of ESF I investments made in the country. By providing both financing and software tailored to the market, Cartonas digital platform is supporting innovative MSME retailers across Egypt. There are over 400,000 shops and thousands of international and local brands across Egypt, with the sector growing annually by 8 percent. Read More..

B2B Tech News | 2 years ago        

Microsoft partners with nonprofit Generation Australia to boost tech industry with diverse new talent

Generation Australia is the local arm of the global nonprofit organization Generation. Its mission is to help build careers for people who are unemplo

Generation Australia is the local arm of the global nonprofit organization Generation. Its mission is to help build careers for people who are unemployed, underemployed, or need to upskill or crossskill.To reach the goal of 1.2 million Australians working in technology jobs by 2030, the country will need to fill 653,000 new positions. Recruitees are typically people displaced by the pandemic or those who have worked in IT and were born overseas, are neurodivergent, career changers, or women who took career breaks. Suda is now an Application Development Analyst at the professional services company Accenture.As part of the program, Suda had access to a mentor and professional coaching. Read More..

B2B Tech News | 2 years ago        



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Refresh Your Facts

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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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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