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ALPHABET INC.

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Alphabet : Google to provide Mideast grants, loans to train digital skills

10/13/2020 | 05:21pm EST

CAIRO, Oct 13 (Reuters) - U.S. tech company Google, a unit of Alphabet Inc, plans to provide grants worth $1.1 million to help businesses in the Middle East and North Africa improve their digital skills and get them online, the company said on Tuesday.

Google will also provide $3 million in loans to thousands of businesses in the region, $2 million of which will go to Egypt, to help them with a digital transformation, the firm said in a presentation to Reuters.

Online consumption in the region is on the rise this year as people stay home due to the novel coronavirus, Google said, adding that according to the Arab Monetary Fund, 6 million jobs are at risk.

A total of 1 million firms or individuals in the region would get help to improve their digital skills to find jobs and get businesses online by the end of 2021, it added. The firm will also provide $9 million in advertising credits and grants to support businesses and governments in the region. (Reporting by Ahmed Elhamy in Cairo Writing by Ulf Laessing Editing by Matthew Lewis)


© Reuters 2020
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Financials (USD)
Sales 2020 179 B - -
Net income 2020 35 705 M - -
Net cash 2020 118 B - -
P/E ratio 2020 35,8x
Yield 2020 -
Capitalization 1 235 B 1 235 B -
EV / Sales 2020 6,26x
EV / Sales 2021 5,12x
Nbr of Employees 132 121
Free-Float 90,3%
Chart ALPHABET INC.
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Alphabet Inc. Technical Analysis Chart | GOOGL | US02079K3059 | MarketScreener
Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 47
Average target price 1 891,30 $
Last Close Price 1 824,97 $
Spread / Highest target 23,3%
Spread / Average Target 3,63%
Spread / Lowest Target -32,2%
EPS Revisions
Managers
NameTitle
Sundar Pichai Chief Executive Officer & Director
John LeRoy Hennessy Chairman
Ruth M. Porat Chief Financial Officer & Senior Vice President
Lawrence E. Page Director
Sergey Mikhaylovich Brin Director
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