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How FinFlx hopes to protect UAE gratuity payments in Generation Startup

The coronavirus pandemic caused difficulty as well as disruption on many levels across the world. Amr Yussifs experience of separation from his employ

The coronavirus pandemic caused difficulty as well as disruption on many levels across the world. Amr Yussifs experience of separation from his employer turned out to be the reason he started FinFlx, an endtoend gratuity management solution for small and medium enterprises. Gratuity payments are covered by UAE labor laws and the sum depends on an employees length of service and basic salary. The startup has raised $1.5 million in preseed funding from prominent investors such as YCombinator, Dubai Future District Fund, 500 Global, and Vectr FinTech. Amr Yussif was earning a significant salary when he sought to part ways with his employer and was owed a lot of money as an endofservice gratuity. Matthieu Capelle is a software engineering veteran and previously served as head of engineering at Careem Pay and chief architect at Murex. Read More..

B2B Tech News | 2 years ago          

Eutelsat’s OneWeb deal is Macron’s satellite dream

Eutelsat Communications has floated a potential acquisition of satellite rival OneWeb worth more than $3 billion. The acquisition would be the latest

Eutelsat Communications has floated a potential acquisition of satellite rival OneWeb worth more than $3 billion. The acquisition would be the latest merger in a race of companies and governments to deliver fast connectivity via loworbit satellites. Founded in 2012, OneWeb collapsed in 2020 when major investors withdrew their money during the height of the coronavirus pandemic.OneWeb and Eutelsat are set to be merged in a deal that would create the worlds biggest geostationary satellite company. In November, US firm Viasat agreed to purchase Londonbased Inmarsat Group for $ 4 billion. OneWeb and Eutelsat are set to merge in a deal that would see the UKbased company using SpaceX to launch satellites after Russia blocked deployments with French rocket company Arianespace. OneWeb currently has a joint venture with Airbus, partowned by France and Germany to manufacture satellites in Florida. Read More..

B2B Tech News | 2 years ago          

Artificial intelligence can monitor workplaces for security breaches. Experts say privacy laws are lagging behind

Artificial intelligence, which uses cameras to monitor workplace health and safety breaches, has raised concerns about the culture of surveillance. A

Artificial intelligence, which uses cameras to monitor workplace health and safety breaches, has raised concerns about the culture of surveillance. A company called Intenseeye reports that it has several Australian customers for the new technology. The Office of the Australian Information Commissioner is aware of the increasing use of technology, including AI, to monitor behavior in the workplace. The company has developed a system that hides the human image from the video image to provide employers with only missing images. Lemon said the company was aware of its obligations to protect the privacy of its employees and sought legal advice. Australias surveillance laws lack the tools to effectively regulate the use of AI. Read More..

B2B Tech News | 2 years ago          

Assistive Technology Market to Accelerate to USD 7,930 Million by 2031 at a CAGR of 7.26%

The term assistance technology refers to a broad range of apparatuses and implements that facilitate daily activities for people with disabilities. Fr

The term assistance technology refers to a broad range of apparatuses and implements that facilitate daily activities for people with disabilities. From simple to complex, devices can be anything from walkers and wheelchairs to texttospeech programs and computer keyboards. The market for assistive technology is expected to reach US$ 47,272.7 Mn by 2030, from an estimated US$ 22,208.8 Mn in 2020. Read More..

B2B Tech News | 2 years ago          

Schlumberger sees energy security as a key driver for increased activity in the second half of 2022

Schlumberger sees very robust drilling activity in the second half of 2022, underpinned by the need for energy security and urgency to provide more va

Schlumberger sees very robust drilling activity in the second half of 2022, underpinned by the need for energy security and urgency to provide more varied and reliable supply sources. Steppedup activity in the back half of 2022 will likely be marked by an acceleration of investments in basins outside North America and the continued strengthening of offshore activity. Capex increases this year versus 2021 should be in the neighborhood of around 22% globally, with about 33% from North America and 18% collectively from international regions, according to Evercore ISIs annual Global E&P MidYear Spending Outlook. The survey indicates that much of the increase will be devoted to covering a projected inflation rate of 15% to 20% in 2022 versus last year. Schlumbergers Q2 revenues totaled $6.7 billion, up 14% sequentially and 20% year on year, according to Evercores latest upstream spending survey.North American revenues were $1.54 billion, and international, $5.19 billion. Read More..

B2B Tech News | 2 years ago          

Market Statistics for Assistive Technology for Students with Learning Disabilities in Europe, Future Prospects, and Growth

The Europe assistive technology for students with learning disabilities market is divided into hardware as well as software. The software segment was

The Europe assistive technology for students with learning disabilities market is divided into hardware as well as software. The software segment was the major revenue contributor in 2020 and is anticipated to remain dominant with a CAGR of 6.8% during the forecast period. An increase in demand for assistive devices & software, a rise in several special schools, and a high prevalence of learning disabilities are expected to drive the market growth. Europe assistive technology for students with learning disabilities market is segmented into product type, condition, end user as well country. The rest of Europe accounted for 33.95% share in 2020 and is expected to remain dominant throughout the forecast period. Spain is anticipated to grow at the highest CAGR of 7.5% during the review period. Read More..

B2B Tech News | 2 years ago          

Infosys reports continued decline in net profit but raises FY23 revenue and margin guidance

Infosys reported a 5.7 % sequential decline in net profit to 5,360 crores in the June quarter. The management claimed that wage increases were largely

Infosys reported a 5.7 % sequential decline in net profit to 5,360 crores in the June quarter. The management claimed that wage increases were largely to blame for the decline. Infosys increased its revenue forecast for FY23 from 13 to 15 % to 14 to 16 %. According to a report by Kotak Institutional Equities, Infosys bottom line is anticipated to benefit from the weakening rupee. With a contribution of more than 60% of the companys overall revenue, North America continues to be the IT giants main source of income. The company reported that it continues to experience strong demand across all regions, particularly in the US. Read More..

B2B Tech News | 2 years ago          

Egyptian, UAE and Jordanian industrial partnerships for private sector development

Egyptian Prime Minister Mostafa Madbuli said the industrial partnership between Egypt, the United Arab Emirates, and Jordan aims to develop the privat

Egyptian Prime Minister Mostafa Madbuli said the industrial partnership between Egypt, the United Arab Emirates, and Jordan aims to develop the private sector in the three countries. It was announced on Sunday at a meeting with the Egyptian Minister of Trade and Industry, Nevin Gamea. ADQ, the Abu Dhabi holding company, has allocated and managed a $10 billion investment fund to accelerate partnership activity in five priority areas. The Supreme Council of Integrated Industrial Partnerships for Sustainable Economic Development participates in the meeting. The purpose of the meeting was to monitor the implementation of the partnership. Industrial partnerships aim to promote regional economic integration, and competitive advantages, develop regional supply chains, and improve trade prospects. 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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