Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Dubai Asset Management and BEEAH enter strategic partnership for waste management services across 15 residential communities
BEEAH Tandeef will serve more than 100,000 residents across Dubai Asset Management’s residential leasing portfolio, contributing to the Dubai 2040 Urban Master Plan and the UAE’s Sustainability Agenda BEEAH Headquarters, Sharjah, 15 December 2023: Dubai Asset Management (DAM), which owns and operates a leasing portfolio of 15 residential communities under Dubai Holding Asset Management, officially signed a partnership […]
Atmosphere Core Publishes Its First Sustainability Impact Report
The report highlights transformative efforts across four fundamental pillars of CORE, spanning Community, Operations, Resources, and Environment Dubai, December 14, 2023 – Atmosphere Core, a dynamic hospitality company, has taken a momentous step by benchmarking efforts across the pillars of CORE — expanding into Community, Operations, Resources, and Environment. The company’s recently published CORE IMPACT report showcases ESG initiatives across 8 […]
Dubai Municipality concludes COP28 participation, boosts international cooperation Daoud Al Hajri – “Dubai Municipality presents Dubai’s leading model for international climate cooperation, urban planning, development and sustainability.”
Dubai-UAE: 13 December 2023 – Dubai Municipality concluded its participation in COP28 after signing more than seven agreements and memoranda of understanding (MoUs), as well as making sustainable pledges to enhance Dubai’s contribution to global climate action. Dubai Municipality was a Strategic Pathway Partner at COP28, which attracted tens of thousands of participants from 198 countries […]
Family Business Council Gulf Marks a Decade of Empowering GCC Family Businesses.
A Decade of Excellence: FBCG’s 10th Annual Summit Elevates GCC Family Businesses with Insightful Dialogues and Celebratory Achievements. Riyadh, Kingdom of Saudi Arabia – December 2023: The Family Business Council-Gulf (FBCG), a preeminent organization dedicated to supporting GCC family businesses, commemorated its 10th anniversary by hosting the landmark 10th edition of its Annual Summit. Themed […]
Leading the Green Transition: ACCIONA’s CEO Urges Civil Society to Spearhead Renewable Energy Shift at COP28
AN URGENT CHALLENGE“Civil society must not wait for regulation, but lead the transition” DUBAI (UNITED ARAB EMIRATES), DECEMBER 6th, 2023. “We are seeing a surge in renewable energy and the substitution of fossil fuels in the electric system is within our grasp. The capital and technology required are there and available, and the demand and the opportunity […]
Munjz Paves the Way in the Saudi Facility Management Industry with Munjz Market
Riyadh, Saudi Arabia – December 2023: Munjz, the leading Saudi-based prop-tech cloud platform, is reshaping the Kingdom’s facility management sector with Munjz Market and strategic partnerships with industry leaders. The Munjz Market platform, aimed at simplifying operations, reflects Munjz’s dedication to providing unparalleled technical, operational, and financial support. Through the integration of Munjz App and Munjz […]
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Bahri Signs a Membership Agreement with Bayan Credit Bureau
The agreement will empower Bahri to make informed and responsible business decisions by assessing the creditworthiness of its potential clients. Riyadh, KSA, 12 December 2023: Bahri, the national shipping company of the Kingdom of Saudi Arabia and a global leader in transportation and logistics, has signed a membership agreement with Bayan Credit Bureau (Bayan), a leading […]
At COP28, Huawei Executive Says Carbon Neutrality Will Trigger Revolutionary Change
Cooperation is key as digital and energy worlds merge [December 12, 2023] Dubai, United Arab Emirates: A senior Huawei executive says the integration of the digital and energy worlds will improve energy efficiency and resource allocation worldwide. Addressing a session of the Global Innovation Hub (UGIH) of the United Nations Framework Convention on Climate Change (UNFCCC) […]
Pearl Initiative Launches a 3-part Compliance Guidebook Series to advance Corporate Governance and Ethics in the Gulf Region
• LRN Benchmark of Ethical Culture: Strong Ethical Cultures Boost Business Performance by 40% – across all measures including levels of customer satisfaction, employee loyalty, innovation, adaptability, and growth. Riyadh, KSA – 10 December 2023: The Pearl Initiative, a business-led non-profit organisation focused on promoting a corporate culture of transparency and accountability in the Gulf […]
Kyndryl Collaborates with Microsoft and Finds More Than 70% of Organizations in KSA View Technology as Key to Achieving Their Sustainability Goals
Only 22% of organizations surveyed in KSA are making full use of their technology RIYADH, December 10, 2023 — Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, in collaboration with Microsoft, released the findings of The Global Sustainability Barometer study. The study, conducted by Ecosystm, finds that while 83% of organizations in the Kingdom of […]
DATAVOLT Signs a Memorandum of Understanding for the Development of State-Of-The-Art Sustainable Data Centers in Uzbekistan
Tashkent, Uzbekistan, 29 November 2023 – A Memorandum of Understanding (MOU) was signed between the Ministry of Digital Technologies, the Ministry of Energy and the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan and DataVolt to develop green data centers in Uzbekistan. The MOU is aimed at supporting Uzbekistan’s goal of becoming a […]
Munjz Paves the Way in the Saudi Facility Management Industry with Munjz Market
Riyadh, Saudi Arabia – November 2023: Munjz, the leading Saudi-based prop-tech cloud platform, is reshaping the Kingdom’s facility management sector with Munjz Market and strategic partnerships with industry leaders. The Munjz Market platform, aimed at simplifying operations, reflects Munjz’s dedication to providing unparalleled technical, operational, and financial support. Through the integration of Munjz App and Munjz […]
Million-dollar deals lead the way at Big 5 Global as thought leadership dialogues emphasise the need to transform construction methods
Dubai, United Arab Emirates, 5 December 2023: The global construction industry needs to adapt by prioritising the orientation of future buildings and promoting the retrofitting of existing assets to reduce emissions. This was a consensus made by leaders and high-profile speakers at Big 5 Global Leaders’ Summit, which ran today alongside the 44th edition of Big 5 […]
HDC.Together HUAWEI MEA Ecosystem Summit Collaborates with Saudi Tourism Authority (STA) to Strengthen Global Partnerships during its first forum held in Saudi
Alriyadh, 5 December 2023: The HDC.Together HUAWEI MEA Ecosystem Summit continued its mission to foster collaborations between local and global markets, reaching its pinnacle at the Saudi Arabia Forum, at the Roshn Front, Huawei future space exhibition, on November 30th. In collaboration with the Saudi Tourism Authority (STA), and for the first time in Saudi, this […]
Saudi Fund for Development Provides $100 Million Development Loan for the Rogun Hydropower Project
Shahrinav, Tajikistan, 05 December 2023: The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed a new development loan agreement with the Minister of Finance of the Republic of Tajikistan, H.E. Kahhorzoda Fayziddin Sattor, through which SFD is contributing $100 million USD to fund the Rogun Hydropower Project, a landmark initiative that […]
Big 5 Global 2023 opens in Dubai spotlighting sustainability and decarbonisation in construction as the world advances on the road to net-zero
Dubai, United Arab Emirates, 04 December 2023: The 44th edition of Big 5 Global, the largest and most influential construction industry event in the Middle East Africa and South Asia opened in Dubai World Trade Centre. The event boasts a stronger and more impactful local and international support, with over 2,200 exhibitors from 60+ countries showcasing products […]
Mastercard and MDP forge strategic alliance to revolutionize the payment ecosystem in the region
The partnership will transform MDP into a one-stop-shop processing services hub, integrating Mastercard’s digital assets and white-label applications with the payment processor’s products Riyadh, Saudi Arabia – 4 December 2023: Mastercard and MDP, a modern payment processing powerhouse, have joined forces to revolutionize the payments ecosystem for banks and non-financial institutions (non-FIs) in the Middle East and […]
HPDC and HDC signs a strategic partnership at Halal Expo London
HPDC signed a joint agreement with HDC on the sidelines of Halal Expo to exchange knowledge and raise awareness about the Halal industry’s development LONDON, 4 December 2023: Halal Products Development Company (HPDC), a wholly owned Public Investment Fund (PIF) company, has concluded its participation in Halal Expo London 2023, one of the global Halal events […]
Huawei and partners unveil a new Green Digital Skills and Jobs classification to help accelerate the Twin Transition
Dubai, United Arab Emirates, December 04, 2023: On the sideline of the UN Climate Change Conference (COP28), AE4RIA, and Huawei hosted a session with the UNFCCC Global Innovation Hub to “Accelerate Green Innovation” and release a white paper Twin Skills for the Twin Transition: Defining Green Digital Skills and Jobs. Developed in collaboration with the ATHENA Research Centre, […]
SADAFCO joins inaugural Fortune 500 Arabia list of the most successful Arab companies
Jeddah, Saudi Arabia, Dec 4 2023: SADAFCO (Saudi Dairy and Foodstuff Company), the leading food manufacturer, distributor and seller in Saudi Arabia, has been included in Fortune magazine’s inaugural list of the 500 most successful companies in the Arab world, ranking 183rd overall. Nearly a third of the companies in the new rankings are Saudi Arabian. UAE companies […]
Big 5 Global opens tomorrow in Dubai: Everything to expect on the opening day
Dubai, United Arab Emirates, 03 December 2023: The 44th edition of Big 5 Global, the largest and most influential construction event in the Middle East, Africa and South Asia, opens tomorrow on 4 December commencing a four-day run until 7 December at the Dubai World Trade Centre. The event unites the global construction industry under one roof […]
HAKBAH – SAUDI ARABIA’S LEADING DECENTRALISED SAVINGS PLATFORM – PARTNERS WITH MENA’S LEADING OPEN BANKING PLATFORM – TARABUT
Hakbah to enhance its offering via Tarabut’s open banking and connectivity platform Faster, easier and an even more cost-effective service for Hakbah customers Riyadh, Saudi Arabia, 27 December 2023: Hakbah – the KSA-based fintech savings platform – announces a new partnership with Tarabut – MENA’s leading open banking platform, and an investor in the region’s digital […]