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Israels NewMed signs gas exploration deal with Morocco

On Tuesday, Israels NewMed Energy NWMDp. TA announced the signing of an agreement with Moroccos energy and minerals ministry and Adarco Energy for off

On Tuesday, Israels NewMed Energy NWMDp. TA announced the signing of an agreement with Moroccos energy and minerals ministry and Adarco Energy for offshore natural gas exploration and production in Morocco. According to NewMed, each company will own 37.5% of the Boujdour Atlantique licence. According to the corporation, the Boujdour Atlantique licence was given for an eightyear period in the southern part of Moroccos offshore economic zone. The transaction is still subject to Moroccan regulatory approval. NewMed is a major shareholder in Israels massive Leviathan offshore gas field, and it is attempting to merge with Capricorn Energy CNE.L to form a gas producer centred on Israel and Egypt. Read More..

B2B Tech News | 2 years ago          

VinFast files from Vietnam will be listed in the United States

VinFast, a leading Vietnamese electric vehicle EV manufacturer, has submitted a registration statement to market its shares in the United States. The

VinFast, a leading Vietnamese electric vehicle EV manufacturer, has submitted a registration statement to market its shares in the United States. The stock is anticipated to trade on the Nasdaq under the symbol VFS. The quantity of VinFast shares to be issued in the IPO is still unknown. Throughout July, the company opened six showrooms in California, with a total of 30 planned by the end of the year. VinFast, which was founded in 2017, is a subsidiary of the Vietnamese conglomerate Vingroup. Read More..

B2B Tech News | 2 years ago          

Uruguays free trade agreement ambitions are shaking the South American trading bloc

The Mercosur trade bloc has been shaken by one of its smaller members, Uruguay, seeking to negotiate its own freetrade agreements. For years, Uruguay

The Mercosur trade bloc has been shaken by one of its smaller members, Uruguay, seeking to negotiate its own freetrade agreements. For years, Uruguay has attempted to conclude unilateral trade agreements that it believes are more beneficial than Mercosur. Brazil, Paraguay, and Argentina warned Uruguay in November that if it went ahead with its plans, they would take measures against it. The twoday talks in Montevideo ended without a joint declaration on the agreements reached. Read More..

B2B Tech News | 2 years ago          

Ellume was taken out of administration by a rapid test competitor for $57 million

Ellume, a Brisbanebased manufacturer of rapid COVID19 tests, has been taken out of administration by competitor Hough Consolidated. Ellumes USbased su

Ellume, a Brisbanebased manufacturer of rapid COVID19 tests, has been taken out of administration by competitor Hough Consolidated. Ellumes USbased subsidiary, which is 100% owned by the Australian company but was not placed into voluntary administration alongside its parent, is also included in the sale. Ellumes Australian subsidiary had 215 employees as of September 1. This compares to confirmed assets valued at approximately $39 million, including $1.5 million in cash. In September, the company went into voluntary administration, just months after opening a 20,000squaremeter facility in the United States. Read More..

B2B Tech News | 2 years ago          

Strike launches ultrafast money transfers to Africa

Strike, the worlds leading digital payments platform built on Bitcoins Lightning Network, announced today the availability of its Send Globally feat

Strike, the worlds leading digital payments platform built on Bitcoins Lightning Network, announced today the availability of its Send Globally feature, which enables instant, lowcost payments to Africa. Send Globally is now available to all Strike users in the United States, with initial coverage for Nigeria, Kenya, and Ghana. A Strike user can use Send Globally to send money to Nigeria, Ghana, and Kenya instantly and with no transaction fees. Payments are instantly converted to naira, cedi, or shillings and deposited directly into the bank, mobile money, or Bitnob account of the recipient. Send Globally accelerates, reduces the cost of, and simplifies payments to Africa, particularly in countries with few options for crossborder money transfers. Read More..

B2B Tech News | 2 years ago          

Singapores Osome banks $25m in Series B funds

Osome, an AIpowered startup aiming to digitise corporate management, has raised $25 million in series B funding from Illuminate Financial, AFG Partner

Osome, an AIpowered startup aiming to digitise corporate management, has raised $25 million in series B funding from Illuminate Financial, AFG Partners, and Winter Capital. According to Osome, revenue has doubled since November 2019, with customer numbers increasing twofold since 2021. So far, the company claims to have assisted in the establishment of 11,000 businesses. The Singaporebased company intends to use the new funds to expand its operations in Asia, specifically in Singapore and Hong Kong. Osome raised $3 million in a round led by international venture capital firm Target Global in November 2019. Read More..

B2B Tech News | 2 years ago          

US lawmakers authorize $800 million more for Ukraine in defense bill

With $11.5 billion in new investments, the bill also strengthens the Pacific Deterrence Initiative. It gives the goahead for the Taiwan Enhanced Resil

With $11.5 billion in new investments, the bill also strengthens the Pacific Deterrence Initiative. It gives the goahead for the Taiwan Enhanced Resilience Act of 2022, which will increase security cooperation with Taiwan. The NDAA covers everything from pay raises for US troops to the number of ships or aircraft that can be purchased. The fiscal 2023 NDAA is expected to pass the Senate and House this month before being sent to the White House for Bidens signature. The bill authorises additional funding for the development of hypersonic weapons, the closure of the Red Hill Bulk Fuel Storage Facility in Hawaii, and the purchase of existing weapons systems. Read More..

B2B Tech News | 2 years ago          

Curve ups its lending game with a $1 billion facility from Credit Suisse

Curve, a Londonbased financial fintech, has secured $1 billion in funding from Credit Suisse, which will allow the company to expand its lending busin

Curve, a Londonbased financial fintech, has secured $1 billion in funding from Credit Suisse, which will allow the company to expand its lending business, Curve Flex, across the UK, EU, and US markets. Curve Flex launched a swipe now to pay later SNPL product in the UK, allowing customers to split any Curve card transaction into three, six, nine, or twelve monthly instalments. Curve, which was founded in 2018, has raised more than $180 million in equity investment, including crowdfunding campaigns, and has over 4 million customers worldwide. Read More..

B2B Tech News | 2 years ago          



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