Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Minister of Industry & Mineral Resources inaugurates Siemens electrical equipment factory in Saudi Arabia
Siemens and Arabia Electric Limited Equipment Company, its partner in Saudi Arabia, inaugurated its electrical equipment factory in Modon Oasis Jeddah, at a ceremony hosted under the patronage and presence of Mr. Bandar Alkhorayef, Minister of Industry and Mineral Resources. The inauguration ceremony was attended by H.E Vice Minister of Industry and Mineral Resources for […]
TOURISM DEVELOPMENT FUND SIGNS MEMORANDUM OF UNDERSTANDING WITH DAN COMPANY TO CONTRIBUTE TO THE DEVELOPMENT OF AGRITOURISM PROJECTS IN THE KINGDOM
Riyadh, Saudi Arabia, 28 February 2024: The Tourism Development Fund has signed a memorandum of understanding with Dan Company, one of the Public Investment Fund companies specializing in agri, eco, and adventure tourism that offers a mix of daytime hospitality experiences and overnight stays, with the aim of supporting investments in the agritourism sector in the […]
Alinma Bank Accelerates Speed and Convenience of Customer Experience with IBM AI-powered Cloud Suite
Riyadh, Saudi Arabia, 28 February 2024: Alinma Bank, a leading bank in Saudi Arabia, selected IBM to launch a comprehensive suite of modern banking applications, offering the bank a new platform to provide their customers greater access to a range of cutting-edge digital solutions and enhance the bank’s digital transformation efforts. The new platform connects existing systems […]
GoDaddy offers tips to boost sales for Saudi entrepreneurs during Ramadan
JEDDAH: GoDaddy Inc. (NYSE: GDDY), the company that helps entrepreneurs thrive, shares insight to help empower Saudi business owners during the holy month of Ramadan. This guide is designed to assist entrepreneurs in effectively promoting their products and services, acknowledging the shifts in consumer habits that occur during Ramadan. By leveraging these insights, online business owners could […]
Boosting Saudi SMEs in the era of digital revolution
Jeddah: ManageEngine, the enterprise IT management software and solution provider, will be giving special attention to Saudi small- and medium-sized enterprises (SMEs) by localising support, increasing the accessibility of its products, and conducting seminars and workshops in different cities of the Kingdom. Moreover, ManageEngine is working to align itself with local regulations, business practices, and […]
Wallan Investment Company celebrates Lotus Technology’s debut on Nasdaq exchange
Riyadh, Saudi Arabia – 28 February, 2024: Wallan Investment Company — a subsidiary of Wallan Holding — was invited by Lotus Technology to present the Nasdaq Stock Market opening bell at the Nasdaq Tower in New York, United States. Celebrating Lotus Technology’s debut on the Nasdaq exchange, the ceremony marked a significant milestone for Wallan Investment Company. Wallan Investment […]
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JPMorgan Leads Global Banking Industry in AI Adoption with Unparalleled Score
In a remarkable demonstration of technological leadership, JPMorgan Chase & Co. has set a new benchmark in the global banking sector for artificial intelligence (AI) adoption. According to a recent analysis by Stocklytics.com, JPMorgan has achieved an impressive AI adoption score of 69.3, positioning it at the forefront among global banks. This evaluation is grounded […]
FedEx Combines Ocean and Road Networks to Launch LCL Priority Service: A Game-Changer for Asia Pacific to Middle East Trade
Designed to be faster than ocean freight and more cost-effective than air freight, this new solution from FedEx can help businesses optimize their logistics. Dubai, UAE, February 27, 2024 — FedEx Logistics and FedEx Express, subsidiaries of FedEx Corp. (NYSE: FDX), are launching the new FedEx Less-than-Container Load (LCL) Priority service, offering a customs-cleared port-to-door and […]
Eaton to Showcase Cutting-Edge Sustainable Energy Solutions at LEAP 2024 in Saudi Arabia
Dubai, UAE, February 26, 2024: Intelligent power management company, Eaton, is pleased to announce its participation in the upcoming LEAP 2024, the global tech event that brings together hundreds of thousands of attendees to discover what’s next for technology. Focusing on Energy Transition and Digitalization, Eaton aims to showcase cutting-edge sustainable technologies that pave the way for a smarter […]
Nutanix Turns Spotlight on Delivering Optimal Hybrid Multicloud Experience at LEAP 2024
RIYADH, Saudi Arabia, 26th February, 2024 – Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced its third consecutive year of participation at LEAP, the global platform for the most disruptive technology professionals, taking place in Riyadh between 4 – 7 March. The company will share its vision and strategy of delivering the optimal hybrid cloud experience […]
“Thakher Development” and “Bank Albilad” Offer a Wide Range of Financing Solutions to Customers
Riyadh, Kingdom of Saudi Arabia, 25 February, 2024: Thakher Development Company, the master developer of the master plan and infrastructure of Thakher Makkah project, has announced a new partnership with “Bank Albilad”, aiming to provide sales finance solutions for customers to invest in the “Radisson Hotel & Residences”. The announcement was made during the Restatex Real […]
Geidea Reinforces Leadership with Key Appointments, Solidifying Its Leadership in KSA’s Fintech Innovation
Riyadh – Geidea, a frontrunner in the fintech sector, proudly announces the joining of three industry leaders to its team in Saudi Arabia. The announcement reflects Geidea’s commitment to spearheading fintech innovation with seasoned talent and re-enforces the Kingdom of Saudi Arabia as its core market. Mr Abdulmalik AlSheikh is appointed to the board of directors […]
GoDaddy Launches Exclusive Bundles to help Entrepreneurs build their businesses online
JEDDAH – GoDaddy Inc. (NYSE: GDDY), which empowers entrepreneurs worldwide, unveiled its specialized GoDaddy Bundles on Monshaat’s Mazaya Platform. The GoDaddy digital starter bundles are designed to help entrepreneurs kick-start their online journey and achieve business growth. The Website Bundle is an all-inclusive package for beginners and those new to digital marketing. It includes a . […]
Epson placed on CDP A List for tackling climate change and protecting water security
DUBAI, United Arab Emirates – 22 February 2024 – Epson Corporation has been placed on the A list for its achievements in tackling climate change and water security by CDP, the international environmental organisation. CDP is an independent not-for-profit charity that runs the global environmental disclosure system. Each year, it encourages companies to measure and manage […]
IBM Consulting Transforms Al-Futtaim Group’s Operational Excellence and Elevates Customer Experience
Dubai, UAE, February 22, 2024 – IBM Consulting (NYSE: IBM) has been selected by Al-Futtaim Group to redesign its Blue Rewards’ customer experience journey and transform the Group’s Digital core through large scale data migration projects. IBM Consulting implemented a redesign of the Blue Rewards digital platform which includes the user experience, technology stack, and business teams. This resulted in an […]
Applications open for Mega Green Accelerator, to support climate solutions by regional start-ups
Riyadh, Saudi Arabia – 21 February 2024 – The Mega Green Accelerator is now open for applications from startups in the Middle East and North Africa (MENA) region that focus on circular economy solutions, clean energy transition and climate mitigation technologies, including water and agriculture. The initiative will nurture the next generation of innovators as they […]
New Murabba Development Company Showcases Innovation and Earns Industry Recognition at Restatex 2024
Riyadh, Saudi Arabia – February 21, 2024 – New Murabba Development Company (NMDC), concluded a successful participation at the 2024 Restatex exhibition, one of Saudi Arabia’s largest real estate conference. The company’s participation marked by its Chief Executive Officer, Michael Dyke, receiving the prestigious “Partner Shield” award from Saudi Arabia’s Minister of Municipal, Rural Affairs and […]
Nahdi CEO: “Our purpose motivates us to innovateand create value for our guests, one beat at a time”
Riyadh, Kingdom of Saudi Arabia, February 21, 2024: Eng. Yasser Joharji, Chief Executive Officer at Nahdi Medical Company, participated in the Retail Leaders Circle conference held on 19-20 February at the Ritz Carlton Riyadh, Saudi Arabia. The conference that came under the theme of “Fearless Innovation: Charting the Next Frontiers,” celebrated its milestone 10th anniversary by […]
Liferay to showcase Cloud-Powered Digital Experience Innovations at LEAP 2024
Saudi Arabia: 21st February 2024: At LEAP 2024, Liferay, the leading provider of the All-in-One Digital Experience Platform (DXP), will present its cloud-enabled, open-source based unified platform that supports AI-enhanced features. The comprehensive platform empowers businesses with end-to-end personalized customer journey capabilities in sync with Saudi Arabia’s Vision 2030, with digital experiences at the forefront of the […]
FedEx Invests USD 350 million in New State-of-the-Art Air and Ground Regional Hub at Dubai World Central Airport in Dubai South
Elevating the UAE’s Position in Global Logistics: The New FedEx Hub Highlights Innovation and Efficiency Dubai, UAE, February 20, 2024 — FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, is expanding its footprint in the Middle East with its new Middle East, Indian Subcontinent and Africa (MEISA) […]
Tharwat for Financial Securities participates in Restatex Riyadh Real Estate Exhibition 2024
Riyadh, February 20, 2024 Tharwat for Financial Securities — a leading Saudi investment company specialized in the provision of funding, asset management, consulting, and financial services — has reinforced its commitment to advancing the transformation of the Kingdom’s real estate sector. The company participated in the 2024 edition of the Restatex Riyadh Real Estate Exhibition: Saudi Arabia’s largest real estate […]
Sahm Capital Showcases Cutting-edge Fintech Trading App at SCMF2024
Riyadh, Saudi Arabia – February 20th, 2024 – Sahm Capital Financial Company (previously known as VCFC), a leading brokerage firm licensed by the Saudi Capital Market Authority (License No. 22251-25), made a significant impact at the prestigious Saudi Capital Market Forum 2024 by showcasing its all-in-one trading app, Sahm. As a gold sponsor of the […]