Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Saudi Arabia, OECD agree to boost cooperation on wide range of public policy initiatives
Saudi Arabia and OECD sign MoU at World Economic Forum Annual Meeting 2024 to expand cooperation on economic and governance policies Davos-Switzerland, 17 January 2024: The Kingdom of Saudi Arabia and the Organisation for Economic Co-operation and Development (OECD) today signed a Memorandum of Understanding (MoU) to enhance cooperation on a wide range of public policy initiatives in areas including the economy, tax, corporate […]
Panda Retail Company Selects Revionics’ AI-Powered Price Optimization Platform
Saudi Arabia’s leading grocery store chain invests in pricing solution to enhance value for shoppers Saudi Arabia — January 16, 2024 — Revionics, an Aptos Company and provider of retail pricing, promotion, markdown and advanced analytics solutions, announced today that Panda Retail Company has selected its intelligent pricing platform to adopt a more data-driven and customer-centric approach to its […]
New Report Measures Quality of Growth for New Economic Era
• A recently released World Economic Forum report calls for a new approach to economic growth that balances efficiency with long-term sustainability and equity, examining speed and quality together. • High-income economies score high on innovation and inclusion, while lower-income economies on sustainability. • A new Future of Growth initiative will help policy-makers and economists […]
Open Banking Market in Arab Countries Can Reach $1.17 bn according to Recent Fintech Report 2024
• Unveiling the Era of Central Bank Digital Currencies in the Middle East • ESG Commitments and Trends: Over 1 Trillion of AED into Sustainable Financing (Dubai, UAE – 17 January) — The latest report by red_mad_robot paints a compelling picture of the future exploring fintech trends shaping the Middle East in 2024. Based on […]
Rebound and Circular Packaging Association (CPA) Partner to Advance Sustainable Packaging Solutions
Collaboration aims to facilitate access to high-quality recycled plastics and sustainable packaging solutions, contributing to more sustainable future Abu Dhabi, UAE – 17 January 2024: In a significant move at the 28th Conference of Parties (COP28), Rebound, a pioneering business focused on keeping plastics in the economy and out of the environment, proudly announces its […]
SADAFCO Announces the Opening of a New Depot in Makkah
15th December 2023, Jeddah, Saudi Arabia: Saudia Dairy and Foodstuff Company (SADAFCO), the leading food manufacturer, seller, and distributor based in Saudi Arabia officially announces the opening of its new sales depot in the Holy city of Makkah. The project construction began on the 15th of May last year and finished on November 2023 following the company’s exploration of how to […]
Ad
TPAY to enable Mobile Payments for PUBG MOBILE in Egypt!
Dubai, UAE, Jan 16, 2024: TPAY MOBILE, META’s most reliable digital micropayments facilitator, today announces through its partnership with Tencent, the launch of Direct Carrier Billing for PUBG MOBILE in Egypt. This launch provides gamers in Egypt to easily purchase PUBG MOBILE UC (unknown cash) through the official PUBG shop ‘Midasbuy’ and the UC they purchased […]
tiqmo signs agreement to exclusively launch Mastercard prepaid cards through its mobile application in Saudi Arabia.
Riyadh, Kingdom of Saudi Arabia; January 15th, 2023 – tiqmo, a leading innovative fintech application licensed by the Saudi Central Bank (SAMA), has signed an exclusive issuing partnership agreement with Mastercard to issue prepaid cards in the Kingdom of Saudi Arabia. Using Mastercard’s diverse range of solutions, including the technology company’s Cross-Border Payment services and tokenization, […]
Chief Economists Outlook: More Economic Uncertainty on the Horizon
• More than half (56%) of chief economists expect the global economy to weaken in 2024, with seven in 10 saying pace of geoeconomic fragmentation will accelerate, according to the latest Chief Economists Outlook. • Two-thirds said industrial policies will create new growth hotspots, but majority warns of rising fiscal strains and divergence between higher- […]
Forbes Middle East’s Second Annual Under 30 Summit In El Gouna Brings Together The Arab World’s Greatest Young Minds
Egypt, January 12, 2024: Forbes Middle East’s second annual Under 30 Summit in El Gouna, Egypt, has begun to great fanfare, with over 1,500 guests arriving to celebrate and support the entrepreneurial spirit and commitment to innovation across MENA’s Under 30 community. Khuloud Al Omian, CEO and Editor-in-Chief of Forbes Middle East, encouraged all attendees to embrace the […]
![Gabriel Chahine, Middle East Leader, AlixPartners.[60]_ssict_1200_1803](/_next/image/?url=https%3A%2F%2Fsaudishopper.com.sa%2Fen%2Fwp-content%2Fuploads%2F2024%2F01%2FGabriel-Chahine-Middle-East-Leader-AlixPartners.60_ssict_1200_1803.webp&w=3840&q=75)
CEOs in the Middle East Most Forward-looking as They Face a
New Age of Long-term Disruptions January 11, 2024 – Businesses in the Kingdom of Saudi Arabia and United Arab Emirates remain optimistic about the prospects for their company (80%) and the overall economy (85%) as they continue to navigate the challenges ahead, working closely with their respective governments. This is according to findings from global consulting […]
Rebuilding Trust: World Economic Forum Annual Meeting 2024
Geneva, Switzerland, 9 January 2024 – Amid increasing division and uncertainty that continue to destabilize the world, the World Economic Forum Annual Meeting 2024 will bring together more than 2,800 leaders across geographies and industries to advance dialogue, strengthen cooperation and deepen partnerships on critical global challenges. “We face a fractured world and growing societal divides, […]
A new historic achievement… Saudi Arabia is the top country in MENA for venture capital investment in 2023
Riyadh – Saudi Arabia achieved first rank across MENA for the first time in terms of the amount of Venture Capital (VC) funding in 2023, according to MAGNiTT, the MENA-based venture data platform. This historic achievement reflects the development the Kingdom is witnessing in various economic and financial sectors in light of the Saudi Vision 2030 and […]
Construction Giant ALEC Achieves 150% YoY Saudi Growth; Plans Further Investment and Expansion in 2024
Through cadet programs, the company aims to leverage local talent to build a world-class construction business in Saudi Arabia that will make the Kingdom’s giga-projects a reality Riyadh, Saudi Arabia – January 09, 2024 – Following the establishment of its Saudi headquarters in Riyadh last year, ALEC Engineering and Contracting LLC (ALEC) today announced it had achieved […]
Careem’s 2023: A Year of Remarkable Achievements and Fascinating Trends
Riyadh, Saudi Arabia – 8 January 2024 – As a beacon of digital convenience in the Middle East, Careem has unveiled its intriguing customer trends and remarkable achievements for 2023. The company, renowned for its comprehensive multi-service app, has been instrumental in simplifying the daily lives of millions across the region, offering over 20 digital […]
New Global Cooperation Barometer: Cooperation Is Possible Even in Midst of Competition
Geneva, Switzerland, 8 January 2024 – The World Economic Forum today launched the Global Cooperation Barometer to measure the state of global cooperation. The barometer indicates that global cooperation was resilient in multiple dimensions from 2012 until 2020 but overall cooperation declined by 2% from 2020 to 2022. The Global Cooperation Barometer, developed in collaboration […]
e& enterprise partners with Fils to introduce groundbreaking carbon offset solutions
Dubai / London | January 8th, 2024: e& enterprise today announced its strategic partnership with Fils, a groundbreaking fintech platform, establishing a new standard in the digital payments sector by promoting sustainability. This alliance signifies a milestone in e& enterprise’s continuous pledge to lead the digital transformation regionally and globally, infusing environmental consciousness into every digital transaction. Through […]
World Economic Forum Announces 2024 Crystal Award Winners
Geneva, Switzerland, 8 January 2024 – Architect and educator Diébédo Francis Kéré, Goodwill Ambassador for the United Nations Development Programme and Oscar-winning actor Michelle Yeoh, and producer, guitarist, composer and humanitarian Nile Rodgers are the recipients of the 30th annual Crystal Award, the World Economic Forum announced today. The winners will be honoured at the opening […]
Northern Ireland Lead Country Partner at Future Minerals Forum 2024
Riyadh, Saudi Arabia – 7th January 2024: Invest Northern Ireland (“Invest NI”), the regional economic development agency for Northern Ireland, is pleased to announce its participation as the Lead Country Partner at the Future Minerals Forum 2024, which will be held in Riyadh at King Abdulaziz International Conference Center on the 10th and 11th January 2024. With Northern Ireland […]
GoDaddy’s Approach to E-Commerce Success for Saudi Businesses
Empowering Success in the Middle East E-Commerce Surge JEDDAH – In the dynamic landscape of the Middle East’s booming e-commerce market, entrepreneurs and small businesses in the Kingdom are seizing unprecedented opportunities for growth and innovation. Currently, almost 90% of online goods bought in the Middle East are still shipped from outside countries, but this […]
International defense heads and industry influencers lead exciting speaker list at second edition of World Defense Show
Riyadh, KSA, 04 January 2024: As the countdown begins to its second edition in February, World Defense Show, under the esteemed patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, has revealed some of the industry titans and senior government figures who will address the show’s visitors and exhibitors over […]
Forbes Middle East Unveils The Middle East’s Top 100 CEOs 2023
Meet The Titans Heading The Region’s Biggest Homegrown Companies Dubai, January 3, 2024: Forbes Middle East has released its third annual list of the Top 100 CEOs in the Middle East, spotlighting the business heads that are running the region’s biggest and most influential homegrown companies. Combined, the 100 CEOs managed revenues of over $1 trillion […]