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The top 25 Fintech companies in the Middle East for 2022 are revealed by Forbes

Forbes has released the top 25 fintech companies in the Middle East for 2022. This list features financial services innovators helping businesses go d

Forbes has released the top 25 fintech companies in the Middle East for 2022. This list features financial services innovators helping businesses go digital. United Arab Emirates, Saudi Arabia and Egypt make up more than 70% of this list. MadfooatCom is one of the leaders in 2021 after processing more than $13 billion in transactions. Egypts Fawri, Saudi PayTabs and Kuwaits MyFatourah are also changing their base. Read More..

B2B Tech News | 3 years ago          

Swiss agritech xFarm earns €17 million by providing farmers with AIdriven data assistance.

Swiss agritech startup xFarm Technologies has raised €17 million in funding to help farmers with sustainability measures on the farm and collaborate

Swiss agritech startup xFarm Technologies has raised €17 million in funding to help farmers with sustainability measures on the farm and collaborate with other supply chains. The Series B round was led by Zurichbased Swisscom Ventures, with participation from Neva SGR Intesa Sanpaolo Group, Emerald Technology Ventures, NovaCapital, and Grey Silo Ventures.xFarm, the Italian startup which uses infield sensors to provide farmers and other agricultural enterprises with a platform that gathers and analyses data from across the farm. The company claims to support and simplify the work of 110,000 farms spread over 1.5 million hectares in more than 100 countries globally via its proprietary platform. The company will use the funds to create a new wave of adoption for digital platforms that enable farmers to produce more sustainably and meet the challenges of climate change. Read More..

B2B Tech News | 3 years ago          

UK police use artificial intelligence to detect phone users in cars

The vehicle being trialed by National Highways with Warwickshire Police can also detect drivers not wearing a seatbelt. Images captured by cameras are

The vehicle being trialed by National Highways with Warwickshire Police can also detect drivers not wearing a seatbelt. Images captured by cameras are processed using artificial intelligence AI to determine if motorists were using a handheld mobile phone and without a seat belt. UK government figures show that there were 420 collisions on British roads in 2019 in which the driver was using a mobile phone at the wheel. A van that could detect drivers not wearing seatbelts and holding a mobile phone is being trialed on the M4 in Berkshire. Failure to wear a seatbelt has been attributed to one in four road deaths, according to National Highways. Findings from the trial will inform the next steps and any future deployment. Read More..

B2B Tech News | 3 years ago          

China unveils new electronic warfare drone

Chinas homemade FH95 armed reconnaissance and electronic warfare drones have recently undergone largescale testing. The Global Times published limited

Chinas homemade FH95 armed reconnaissance and electronic warfare drones have recently undergone largescale testing. The Global Times published limited information on the specifications of this drone, stating only that it has a takeoff weight of 1 ton and a payload of 250 kg. Electronic warfare drones have brought a new dimension to how drones are used in warfare, according to a Beijingbased military expert on condition of anonymity. The FH95 drone can perform a wider range of tasks than previously thought. Advances in radar warning receiver electronics allow these components to be miniaturized and mounted on lightweight platforms, making them an early warning platform. They can also be used as decoys to unlock enemy defenses before actual attacks, and can be equipped with directional energy weapons such as powerful microwave ovens to burn out enemy electronics. Read More..

B2B Tech News | 3 years ago          

Data center company DXN expects to sell

Data center company DXN is selling all its businesses and assets to PAGowned company Flow2Edge Australia for $26 million. The sale includes all shares

Data center company DXN is selling all its businesses and assets to PAGowned company Flow2Edge Australia for $26 million. The sale includes all shares in its subsidiaries, including the renewablepowered TAS01 data center and Secure Data Centre in Darwin. A share placement worth an estimated $2.1 million will fund DXNs operation until the transaction is completed. In a cash flow report last month, DXN indicated its business was cash flow negative, which it attributed to delayed projects and vendors responding to supply shortages. The sale has the unanimous support of DXNs directors and will require Foreign Investment Review Board FIRB as well as shareholder approval. Read More..

B2B Tech News | 3 years ago          

Orange Egypt updates Nokia SDM solution

The new SDM solution includes updated general hardware and software versions. This allows Orange Egypt users to improve reliability and security, incr

The new SDM solution includes updated general hardware and software versions. This allows Orange Egypt users to improve reliability and security, increase operator efficiency and meet subscriber capacity and service needs. Nokias 3GPP compliant SDM solution includes Nokia Registries Home Subscriber Server, Home Location Registry and OneNDS Network Directory Server and integrated data management and 5G authentication server capabilities. Nokia components enable Orange Egypt to better manage subscriber data through its various technology networks. The SDM solution is deployed in three geographic locations and includes approximately 33 million mobile phones, including IP Multimedia Subsystem IMS with 2G, 3G, 4G, fixed services, data and voice, LTE VoLTE and VoIP Voice over WiFi for our fixed subscribers. service VoWiFi. Read More..

B2B Tech News | 3 years ago          

Suncorp streamlines house insurance using geographical data and AI.

Insurer Suncorp has used geospatial technology to cut down on the number of questions it needs to ask home insurance prospects. The company says it ca

Insurer Suncorp has used geospatial technology to cut down on the number of questions it needs to ask home insurance prospects. The company says it can now identify property attributes from aerial images of more than 9 million Australian homes combined with artificial intelligence AI in its online platforms and call centers. The companys fullyear group net profit after tax was $681 million, down 34 percent, due to natural disasters and the volatile investment markets. Insurance group Suncorp has reported growth in the use of artificial intelligence AI and machine learning across its call centers and online platforms. The company says it can reduce the number of questions about property attributes by 50 percent. this has removed approximately 50 percent of questions from its customer service channels. Read More..

B2B Tech News | 3 years ago          

Blockchain investment in Africa increased dramatically in the first half of the year

As the use of cryptocurrencies in Africa keeps growing, so too has the continents blockchain ecosystem. The three countries with the highest inflows o

As the use of cryptocurrencies in Africa keeps growing, so too has the continents blockchain ecosystem. The three countries with the highest inflows of cryptocurrency venture capital are South Africa, Kenya, and Nigeria. The report also outlined how the continents crypto ecosystem grew as a result of the absence of shared legacy financial systems. The report also outlined how the continents large population of primarily unbanked citizens and the absence of widespread legacy financial systems contributed to the spread and growth of cryptocurrencies. Read More..

B2B Tech News | 3 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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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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