The Times Australia
Google AI
News From Asia

.

Olymp Trade Held a Ramadan Charity Campaign

3,116 families in need received 10-kg food baskets

KINGSTOWN, SAINT VINCENT AND THE GRENADINES - Media OutReach - 24 April 2023 - Olymp Trade, a trading platform with over 80 million user accounts, has completed Every 1 Counts, a Ramadan charity campaign.

The aim was to encourage the community of traders to support and help those in need.


For every 100 trades made by the campaign participants, Olymp Trade committed to sponsoring one food basket for a disadvantaged family. The goal was to assemble 3,000 baskets and thus enable as many families to enjoy iftar meals.

Once Every 1 Count was over, Olymp Trade donated the resulting amount to the Misr El Kheir Foundation (MEK), a well-known Egyptian NGO. Since 2007, the foundation has been contributing to human development, intending to reduce poverty, illiteracy, unemployment, and disease.

Every 1 Count: Results

19,760 traders from Egypt and other MENA countries joined Olymp Trade's Ramadan campaign. They collectively assembled 3,116 food baskets.

In April, MEK volunteers distributed more than 30,000 kg of food aid among 3,116 impoverished households during the Iftar Ramadan Charity Campaign. Additionally, they distributed 1,000 free hot meals to provide instant hunger relief.

On its official Facebook page, Misr El Kheir Foundation thanked Olymp Trade for supporting this charitable cause.

According to an Olymp Trade's representative, the company considers the event successful and plans to organize such campaigns regularly in the future:

"So far, Olymp Trade has held several charity campaigns, including one in Egypt. But Every 1 Counts is unique because it directly engages so many of our users. Their collective activity on the platform boosted Olymp Trade's donation to 1,000,000 EGP. We are really proud to make this contribution on behalf of the platform's community. It's yet another proof that trading is not limited to pursuing personal gain. It also has the potential to bring about positive social changes."

Hashtag: #OlympTrade

The issuer is solely responsible for the content of this announcement.

Times Magazine

With Nvidia’s second-best AI chips headed for China, the US shifts priorities from security to trade

This week, US President Donald Trump approved previously banned exports[1] of Nvidia’s powerful ...

Navman MiVue™ True 4K PRO Surround honest review

If you drive a car, you should have a dashcam. Need convincing? All I ask that you do is search fo...

Australia’s supercomputers are falling behind – and it’s hurting our ability to adapt to climate change

As Earth continues to warm, Australia faces some important decisions. For example, where shou...

Australia’s electric vehicle surge — EVs and hybrids hit record levels

Australians are increasingly embracing electric and hybrid cars, with 2025 shaping up as the str...

Tim Ayres on the AI rollout’s looming ‘bumps and glitches’

The federal government released its National AI Strategy[1] this week, confirming it has dropped...

Seven in Ten Australian Workers Say Employers Are Failing to Prepare Them for AI Future

As artificial intelligence (AI) accelerates across industries, a growing number of Australian work...

The Times Features

I’m heading overseas. Do I really need travel vaccines?

Australia is in its busiest month[1] for short-term overseas travel. And there are so many thi...

Mint Payments partners with Zip Co to add flexible payment options for travel merchants

Mint Payments, Australia's leading travel payments specialist, today announced a partnership with ...

When Holiday Small Talk Hurts Inclusion at Work

Dr. Tatiana Andreeva, Associate Professor in Management and Organisational Behaviour, Maynooth U...

Human Rights Day: The Right to Shelter Isn’t Optional

It is World Human Rights Day this week. Across Australia, politicians read declarations and clai...

In awkward timing, government ends energy rebate as it defends Wells’ spendathon

There are two glaring lessons for politicians from the Anika Wells’ entitlements affair. First...

Australia’s Coffee Culture Faces an Afternoon Rethink as New Research Reveals a Surprising Blind Spot

Australia’s celebrated coffee culture may be world‑class in the morning, but new research* sugge...

Reflections invests almost $1 million in Tumut River park to boost regional tourism

Reflections Holidays, the largest adventure holiday park group in New South Wales, has launched ...

Groundbreaking Trial: Fish Oil Slashes Heart Complications in Dialysis Patients

A significant development for patients undergoing dialysis for kidney failure—a group with an except...

Worried after sunscreen recalls? Here’s how to choose a safe one

Most of us know sunscreen is a key way[1] to protect areas of our skin not easily covered by c...