
How Egypt became a hotspot for Chinese investment
GUANGZHOU, China , May 21, 2025 /CNW/ -- News report from GDToday:
In Egypt , the presence of Chinese brands is obvious.
Companies like GAC, Midea, OPPO, Huawei, Transsion, and BYD have invested heavily in the country.
China is now one of the country's fastest-growing and most active investors.
Why do Chinese companies so invest in the African country? And how are locals benefiting from this? In this episode of China Xplained, we'll search for the answers.

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Globe and Mail
an hour ago
- Globe and Mail
$77.8 Million in Revenue Through April 2025, Confirms Full-Year Guidance and Fast-Track to 400 Million Run Rate and $1 Billion Target After Key Fintech Acquisition: iQSTEL, Inc. (Nasdaq: IQST)
$IQST Current Plans Include $1 Million Subsidiary Sale with Stock Dividend to Shareholders Diversified Business with Divisions Focused on Telecommunications, Fintech, Electric Vehicles, Artificial Intelligence and More. Organic Growth, Acquisitions and High-Margin Product Expansion. New Rebrand Program with Expansion into Fintech, AI and Cybersecurity to Address Challenges Across Multiple Industries. Completed 11 Acquisitions Since 2018 and Actively Pursuing More. Accelerating Rollout of Cutting-Edge eSIM and Roaming Connectivity Services. Preliminary Net Revenue for First Four Months of 2025 Totaled Approximately $77.8 Million. $57.6M Q1 Revenue Reaffirms Path to $1 Billion by 2027. $11.6 Million in Stockholders' Equity or $4.38 Per Common Share. Successful NASDAQ Uplisting with No Capital Raise or Shareholder Dilution. Definitive Agreement to Acquire 51% of GlobeTopper fintech innovator with operations across America, Europe, and Africa, Effective July 1, 2025. MOU for Strategic Sale of BChain Subsidiary to Accredited Solutions, Inc. (ASII). IQST Shareholders to Receive ASII Common Shares as a Dividend as Part of Nasdaq Uplisting Plan. iQSTEL, Inc. (Nasdaq: IQST) offers cutting-edge solutions in Telecom, Fintech, Blockchain, Artificial Intelligence (AI), and Cybersecurity. Operating in 21 countries, IQST delivers high-value, high-margin services to its extensive global customer base. IQST projects $340 million in revenue for FY-2025, building on its strong business platform. IQST has been building a strong business platform with its customers, selling them millions of dollars per month, and by leveraging this trust, the company is now beginning to sell high-tech, high-margin products across its divisions. IQST is strategically positioned to achieve $1 billion in revenue by 2027 through organic growth, acquisitions, and high-margin product expansion. Preliminary $77.8 Million in Revenue Through April 2025 -- Confirms Full-Year Guidance and Fast-Track to $400M Run Rate On June 5th IQST announced that its preliminary net revenue for the first four months of 2025 totaled approximately $77.8 million, continuing the company's strong growth momentum and reinforcing its confidence in full-year revenue guidance. This preliminary figure reflects a 12% increase compared to the same period in 2024, highlighting the strength and consistency of IQST organic growth across its core telecom operations. IQST operating business anticipates generating over $3 million in adjusted EBITDA in 2025, with positive net income in the seven-digit range, driven by operational efficiencies, scalability, and its increasing focus on high-margin services. IQST continues to execute its strategic roadmap to become a $1 billion revenue company by 2027, combining organic growth, targeted acquisitions, and expansion in key technology sectors, including cybersecurity, AI, managed services, and fintech. The recent IQST uplisting to NASDAQ has already begun to catalyze momentum. The increased visibility and credibility among institutional investors are expected to unlock new strategic opportunities and financial partnerships. Rapid Global Fintech Expansion with GlobeTopper Acquisition — Fast-Tracking $1 Billion Growth Plan On May 29th IQST announced the execution of a definitive agreement to acquire 51% of GlobeTopper ( — a dynamic fintech innovator with operations across America, Europe, and Africa. The transaction becomes effective July 1, 2025. GlobeTopper's strong market positioning is evident in its current standalone performance — planning to generate over $65 million in profitable revenue in 2025 alone. Its financial outlook for the next three years reflects steady growth and operational momentum. The IQST goal is to take GlobeTopper's innovative fintech products and services and scale them globally through IQSTEL's powerful commercial platform — which already reaches over 600 of the largest telecom operators around the world. In parallel, GlobeTopper's existing client base — including prominent multinational brands — opens the door for IQST to expand its reach into new sectors, allowing deeper penetration into the enterprise and global brand markets. Together, IQST and GlobeTopper plan lead the next wave of convergence between fintech and telecommunications in high-value markets across Africa, Europe, and the Americas. As part of the transaction, Craig Span will continue in his role as CEO of GlobeTopper, ensuring leadership continuity and seamless integration into the IQST Fintech Division. GlobeTopper will collaborate with co-developing a 3-year business plan to position itself as a top-tier player in the global fintech ecosystem. The deal puts IQST firmly on track to reach a $400 million revenue run rate and achieve a targeted 80% telecom / 20% tech revenue mix by the end of this year. This acquisition strengthens the IQST position as a high-margin, tech-focused growth platform, advancing its $1 billion revenue goal by 2027. Additionally, IQST plans to invest up to $1.2 million over the next 2 yearsto accelerate GlobeTopper's growth and product roadmap. Follow-Up Shareholder Letter Highlighting NASDAQ Benefits, $57.6M Q1 Revenue, and $14.58 Assets Per Share on Path to $1 Billion On May 20th IQST issued a follow-up shareholder letter to reinforce the strategic value of its recent NASDAQ uplisting and to highlight the company's most important operational and financial metrics. IQST has celebrated its official listing on the NASDAQ Capital Market, a transformational milestone that opens the door to unprecedented commercial, financial, and strategic opportunities. IQST management has now prepared a new Shareholder Letter summarizing the most critical indicators of IQSTEL's financial strength and long-term growth potential. 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With a scalable model, a trusted global platform, and momentum from the NASDAQ listing, IQST believes the following objectives are well within reach: Revenue: $340 million Adjusted EBITDA (Operating Subsidiaries): $3 million+ Net Income (Operating Subsidiaries): 7-digit Year-End Revenue Run Rate: $400 million Year-End Revenue Mix Goal: 80% Telecom / 20% Tech Strategic Acquisitions: Targeting companies with positive EBITDA and synergy potential Built for the Future IQST is now leveraging its trusted telecom platform to deliver: High Tech Telecom Services: eSIM, roaming, numbering Fintech Services: remittance, mobile banking AI-Driven Customer Platforms: automation, support, lead generation Cybersecurity Solutions: tailored for telecom operators and infrastructure clients IQST Reports $57.6M Q1 Revenue in First NASDAQ Shareholder Letter, Reaffirms Path to $1 Billion by 2027 as Global Tech Evolution Accelerates On May 15th IQST released its Q1 2025 Shareholder Letter—its first since being uplisted to the NASDAQ Capital Market. In the letter, CEO Leandro Iglesias detailed the company's performance, strategic vision, and transformation into a high-tech multinational on course to reach $1 billion in annual revenue by 2027. Over the past seven years, I QST has consistently delivered on every major commitment to shareholders including: Sustained Revenue Growth: From $13.8 million in 2018 to $283 million in 2024, consistently meeting or exceeding annual forecasts. Robust Corporate Governance: Fully established Audit, Compensation, and Ethics Committees; an independent Board of Directors; and annual shareholder meetings supporting transparency and accountability. IQST Uplisting from Pink to QB to OTCQX, culminating in a NASDAQ listing in 2025—with no capital raise or shareholder dilution. Enhanced Shareholder Value: Revenue Per Share now exceeds $100, reflecting disciplined growth and execution. Equity Growth: IQST net stockholders' equity improved from ($1.6 million) or -$0.11 per share in 2018 to $11.6 million or $4.38 per common share as of March 31, 2025—a powerful indicator of the value we've created over time. IQST business has now reached critical mass in terms of infrastructure, scale, and market presence. With over 100 employees operating across more than 20 countries, and 600+ business relationships involving direct network interconnections, IQST has built a platform that is both robust and difficult to replicate. This unique foundation positions IQST to introduce and scale high-margin, high-tech services including: High Tech Telecom Solutions: eSIM, roaming, and cloud numbering Fintech Services: digital payments and mobile banking AI Telecom Services: automation, customer support, lead generation Cybersecurity Services: enterprise-grade telecom infrastructure protection The IQST 2025 roadmap is focused on profitable growth, operational scale, and long-term value creation: For more information on $IQST visit: Disclosure listed on the CorporateAds website Media Contact Company Name: IQSTEL Inc. Contact Person: Leandro Jose Iglesias, President and CEO Email: Send Email Phone: +1 954-951-8191 Address: 300 Aragon Avenue Suite 375 City: Coral Gables State: Florida 33134 Country: United States Website:

CBC
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CTV News
3 hours ago
- CTV News
China's rare earth weapon changes contours of trade war battlefield
In this Dec. 30, 2010, photo, workers use machinery to dig at a rare earth mine in Ganxian county in central China's Jiangxi province. (Chinatopix via AP) BEIJING — China has signaled for more than 15 years that it was looking to weaponise areas of the global supply chain, a strategy modeled on longstanding American export controls Beijing views as aimed at stalling its rise. The scramble in recent weeks to secure export licenses for rare earths, capped by Thursday's telephone call between U.S. and Chinese leaders Donald Trump and Xi Jinping, shows China has devised a better, more precisely targeted weapon for trade war. Industry executives and analysts say while China is showing signs of approving more exports of the key elements, it will not dismantle its new system. Modeled on the United States' own, Beijing's export license system gives it unprecedented insight into supplier chokepoints in areas ranging from motors for electric vehicles to flight-control systems for guided missiles. 'China originally took inspiration for these export control methods from the comprehensive U.S. sanctions regime,' said Zhu Junwei, a scholar at the Grandview Institution, a Beijing-based think tank focused on international relations. 'China has been trying to build its own export control systems since then, to be used as a last resort.' After Thursday's call, Trump said both leaders had been 'straightening out some of the points, having to do mostly with rare earth magnets and some other things.' He did not say whether China committed to speeding up licenses for exports of rare earth magnets, after Washington curbed exports of chip design software and jet engines to Beijing in response to its perceived slow-rolling on licenses. China holds a near-monopoly on rare earth magnets, a crucial component in EV motors. In April it added some of the most sophisticated types to an export control list in its trade war with the United States, forcing all exporters to apply to Beijing for licenses. That put a once-obscure department of China's commerce ministry, with a staff of about 60, in charge of a chokepoint for global manufacturing. The ministry did not immediately respond to Reuters' questions sent by fax. Several European auto suppliers shut down production lines this week after running out of supplies. While China's April curbs coincided with a broader package of retaliation against Washington's tariffs, the measures apply globally. 'Beijing has a degree of plausible deniability – no one can prove China is doing this on purpose,' said Noah Barkin, senior adviser at Rhodium Group, a China-focused U.S. thinktank. 'But the rate of approvals is a pretty clear signal that China is sending a message, exerting pressure to prevent trade negotiations with the U.S. leading to additional technology control.' China mines about 70 per cent of the world's rare earths but has a virtual monopoly on refining and processing. Even if the pace of export approvals quickens as Trump suggested, the new system gives Beijing unprecedented glimpses of how companies in a supply chain deploy the rare earths it processes, European and U.S. executives have warned. Other governments are denied that insight because of the complexity of supply chain operations. For example, hundreds of Japanese suppliers are believed to need China to approve export licenses for rare earth magnets in coming weeks to avert production disruptions, said a person who has lobbied on their behalf with Beijing. 'It's sharpening China's scalpel,' said a U.S.-based executive at a company seeking to piece together an alternative supply chain who sought anonymity. 'It's not a way to oversee the export of magnets, but a way to gain influence and advantage over America.' DECADES IN THE MAKING Fears that China could weaponise its global supply chain strength first emerged after its temporary ban of rare earth exports to Japan in 2010, following a territorial dispute. As early as 1992, former Chinese leader Deng Xiaoping was quoted as saying, 'The Middle East has oil, China has rare earths.' Beijing's landmark 2020 Export Control Law broadened curbs to cover any items affecting national security, from critical goods and materials to technology and data. China has since built its own sanctions power while pouring the equivalent of billions of dollars into developing workarounds in response to U.S. policies. In 2022, the United States put sweeping curbs on sales of advanced semiconductor chips and tools to China over concerns the technology could advance Beijing's military power. But the move failed to halt China's development of advanced chips and artificial intelligence, analysts have said. Beijing punched back a year later by introducing export licenses for gallium and germanium, and some graphite products. Exports to the United States of the two critical minerals, along with germanium, were banned last December. In February China restricted exports of five more metals key to the defense and clean energy industries. Analysts face a hard task in tracking the pace of China's approvals following the Trump-Xi call. 'It's virtually impossible to know what percentage of requests for non-military end users get approved because the data is not public and companies don't want to publicly confirm either way,' said Cory Combs, a critical minerals analyst with Trivium, a policy consultancy focused on China. (Reporting by Laurie Chen in Beijing; additional reporting by Michael Martina in Washington and Victoria Waldersee in Berlin; editing by Kevin Krolicki and Clarence Fernandez)