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The Saudi Alhokair family will acquire 4.99% of the capital of valU. In Cairo

ValU, MENAs leading BuyNow, PayLater BNPL platform, announced Monday that Saudi Alhokair Family signed an agreement to acquire a 4.99% stake in valU t

ValU, MENAs leading BuyNow, PayLater BNPL platform, announced Monday that Saudi Alhokair Family signed an agreement to acquire a 4.99% stake in valU through a capital injection of $12.4m. The transaction puts valU, the largest BNPL provider in Egypt, at USD 247.4 million valuations. ValU entered the Saudi Arabian market last week through FAS Finance, a joint venture with FAS Labs. The companys CEO Walid Hassouna, says the move shows investors interest in the NBFI space in Egypt and the rest of the region. Last month, EFG Hermes Holding and Amazon entered into an option agreement whereby Amazon agreed to acquire $10m in the ecommerce giants GDRs. Read More..

B2B Tech News | 2 years ago          

Consumers are warning of smart WiFi tracking technology used by companies to track movements

Almost every store has a WiFi network that shoppers can use. Some stores are now also using facial recognition technology. Internet 2.0 security engin

Almost every store has a WiFi network that shoppers can use. Some stores are now also using facial recognition technology. Internet 2.0 security engineer Rafig Jabrayilov says PII Personally Identifiable Information is objectionable under privacy law because it only offers information about the device. Most Android and iPhone devices now had a feature that made tracking particularly difficult. MAC address randomization generates fake MAC addresses while you are in business. 20 MAC addresses are generated every 40 minutes, making it nearly impossible for the retailer to get accurate information. Read More..

B2B Tech News | 2 years ago          

The US head of the Central Bank says inflation will not fall below 2% of the plan in two years

Cleveland Federal Reserve Bank President Loretta Mester says it will take two years for inflation to fall to the central banks 2% target. Mester said

Cleveland Federal Reserve Bank President Loretta Mester says it will take two years for inflation to fall to the central banks 2% target. Mester said the slowdown did not lead to a recession. Inflation is at its highest level in 40 years and has made hawks of nearly all Fed policymakers. They do have growth slowing to a little bit belowtrend growth, and the US has the unemployment rate moving up. A year ago, most policymakers thought the rate would need to stay near zero until 2023. Read More..

B2B Tech News | 2 years ago          

New Chinese smartphone manufacturer succeeds in competitive India

Realme has emerged as a force in the lucrative but treacherous Indian market. Only Samsung Electronics and Xiaomi Corp. sold more devices in India in

Realme has emerged as a force in the lucrative but treacherous Indian market. Only Samsung Electronics and Xiaomi Corp. sold more devices in India in the last quarter. Realme is helping India bring new users online with its Android smartphones which can cost under $ 100. Realme holds 16% of the Indian smartphone market by shipping volumes, up from 11% a year earlier. According to Counterpoint, it was the only vendor to post doubledigit growth over the past year, while rivals declined. Realme opened its first global flagship store in Modis home state of Gujarat this month. Read More..

B2B Tech News | 2 years ago          

Mexico signs renewable energy agreements with American companies

As a results of these agreements, the creation of solar parks on the border between Mexico and also the united states is being explored, the president

As a results of these agreements, the creation of solar parks on the border between Mexico and also the united states is being explored, the president said. Also among the goals would be building energy transmission networks to let power be exported to Golden State and different US states, he added at a climate conference. The united states, one of the countries with the largest investments in the Mexican energy sector, views Lopez Obradors intention to realize greater state control of the electricity industry with concern. Read More..

B2B Tech News | 2 years ago          

South Africa Lipa introduces contactless payment by touch

South African startup FinTech LipaPay has launched its oneclick program that allows small businesses to receive mobile payments from anywhere with WiF

South African startup FinTech LipaPay has launched its oneclick program that allows small businesses to receive mobile payments from anywhere with WiFi or 4G. The startup, which means Pay in the Kiswahili language, was founded in 2019 by Roger Bukuru and Thando Hlongwane. In 2020, the startup acquired $ 650,000 from Imvelo Ventures. LipaPay should not be confused with the Kenyan Startup Lipa Later ,which offers a buy now, pay later solution in Eat African countries. Read More..

B2B Tech News | 2 years ago          

Oil companies are investing in green hydrogen as the future of energy plans to invest billions

BP Plc takes the lead in the $36 billion Asian renewables hub. Total Energies SE has joined Indian billionaire Gautam Adanis conglomerate in a green h

BP Plc takes the lead in the $36 billion Asian renewables hub. Total Energies SE has joined Indian billionaire Gautam Adanis conglomerate in a green hydrogen venture. Once fully developed, each year, it would produce about 1.6 million tons of green hydrogen. Royal Dutch Shell is looking to invest $5 billion in green hydrogen projects. The venture could expand to 1 million tons of annual green hydrogen production by 2030. US giant Chevron is ready to spend billions on a mix of green and blue hydrogen. Smaller players in the oil market are also getting involved with Trafigura looking at projects. Read More..

B2B Tech News | 2 years ago          

Eni incorporates hydrocarbons into Coral Sul FLNG.

Hydrocarbon has been introduced to the Coral Sul floating liquefied natural gas FLNG plant offshore Mozambique. The FLNG unit is working on the Coral

Hydrocarbon has been introduced to the Coral Sul floating liquefied natural gas FLNG plant offshore Mozambique. The FLNG unit is working on the Coral South Project, and hydrocarbons were introduced from the reservoir. Eni said that Coral Sul FLNG would now be ready to achieve its first LNG cargo in the second half of 2022. Coral Sul FLNG weighs approximately 220,000 tons and can accommodate up to 350 people in an eightstory residential module. The facility is located at a depth of approximately 6,560 feet of water and is serviced by 20 lashing ropes weighing 9,000 tons Read More..

B2B Tech News | 2 years ago          



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