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Applications for the 4th Launch SaaS are being accepted by Suez Canal Bank

The Suez Canal Bank is accepting applications for the fourth session of its technology applications business incubator, Launch SaaS. The session will

The Suez Canal Bank is accepting applications for the fourth session of its technology applications business incubator, Launch SaaS. The session will focus on providing support to startups that tackle climate change and create a more sustainable future. It coincides with Egypts preparations to host the 27th UN Conference of Parties on Climate Change COP27. The Suez Canal Banks Launch SaaS incubated about 33 startups, which received financial support amounting to EGP 3.9m, and their sales achieved EGP 109m since entering the affiliate incubation program. The Bank has also organized over 150 training courses for entrepreneurs and startup owners. The Nileprenuers Initiative Executive Director Heba Labib praised the fruitful cooperation between the initiative and banks, which contributed to intensifying efforts to support the entrepreneurship community. Read More..

B2B Tech News | 3 years ago          

The US transfers $1 billion worth of missiles and other weapons to Ukraine

The United States has promised Ukraine another $1 billion in military assistance. The largest single security assistance package to date consists of $

The United States has promised Ukraine another $1 billion in military assistance. The largest single security assistance package to date consists of $650 million under the Ukraine Security Assistance Initiative and $350 million in presidential drawdown authority. The assistance consists of extra rockets for HIMARS High Mobility Artillery Rocket Systems, artillery rounds, javelins, and other weapons and supplies. During the last four months of the conflict, Russia has focused its efforts on taking control of the Donbas region in eastern Ukraine, where proMoscow separatists have been in charge of some territory as selfdeclared republics for eight years. Read More..

B2B Tech News | 3 years ago          

Accel backs Produze to assist Indian farmers exporting their products abroad

Accel has led a $2.6 million funding in Produce, an Indian startup that helps local Agri producers sell to international retailers. Produze is the lat

Accel has led a $2.6 million funding in Produce, an Indian startup that helps local Agri producers sell to international retailers. Produze is the latest in a series of bets as investors and entrepreneurs look to supercharge Indias Agri sector. Produze, an Indian startup that helps retailers and agriproducers sell their produce online, has raised $3.5m in seed funding from Accel, with participation from All in Capital and Ninjacarts Thirukumaran Nagarajan and Kartikeya Mathew.Produze, an Indian startup that helps farmers sell their products globally, has secured seed funding from Accel, with participation from All in Capital and Ninjacart. The company says it has already set up an office in Dubai and is planning offices in Europe and the U.S. Read More..

B2B Tech News | 3 years ago          

Car companies are facing pressure to exit the Australian industry

There have been calls for automakers to reevaluate their Federal Chamber of Automotive Industries membership. The industry groups lobbying effort for

There have been calls for automakers to reevaluate their Federal Chamber of Automotive Industries membership. The industry groups lobbying effort for softer road transport emissions standards was made public by documents. The FCAI has previously stated in the media that 100g of CO2 per kilometer should be the upper limit for these emissions. Due to its stance, the association disagrees with other organizations in the industry, such as the Electric Vehicle Council EVC, which supports more fuelefficient vehicles. Read More..

B2B Tech News | 3 years ago          

Morocco a new investment land for Germany

The Moroccan Chamber of Commerce identifies Morocco as a strategic center for EuroAfrican business development. Morocco is particularly attractive to

The Moroccan Chamber of Commerce identifies Morocco as a strategic center for EuroAfrican business development. Morocco is particularly attractive to German investors, who see it as a gateway to the African continent and a potential shortterm player. The advantage of this technology is proximity, as Morocco is less than a threehour drive from Berlin. The AMDL director believes that Morocco has the foundation to develop its intercontinental logistics business, but warns that Morocco must continue its balancing efforts. 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          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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