Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Standard Chartered and Falak Investment Hub Announce the Second Cohort of the “Standard Chartered Women in Tech” Program,
(Riyadh, Oct 29, 2023) – Standard Chartered is delighted to announce its continued partnership with Falak Investment Hub to launch the second cohort of the Women in Tech Program, set to commence in The Kingdom of Saudi Arabia. Following the resounding success of the first edition, the program is back to empower a new cohort […]
HONEYWELL’S INAUGURAL MIDDLE EAST SUSTAINABILITY SUMMIT TO HELP ADVANCE SAUDI ARABIA’S NET ZERO GOALS
Honeywell underscores importance of partnership between industry and public sector leaders across Saudi Arabia to advance sustainability objectives Honeywell has hosted its inaugural Middle East Sustainability Summit in Saudi Arabia, aimed at accelerating collaboration on technology development and best practice in support of the Kingdom’s – and wider region’s – ambitious sustainability goals. The summit […]
Samsung concludes successful GITEX GLOBAL presence with etisalat by e&
Dubai, October 28, 2023: Samsung Gulf Electronics marked another successful GITEX GLOBAL participation by extending its strategic partnership with etisalat by e&, to create new connected experiences. This strategic collaboration is designed to enhance the quality of life and convenience of consumers in the UAE and demonstrate how Samsung supports the UAE’s vision of a connected, […]
UAE Leads GCC in Employee Crypto Withdrawals
Dubai, UAE, 23 October 2023: Deel, a global HR platform driving the evolution of remote work has unveiled new research revealing the UAE is the frontrunner regarding employee cryptocurrency withdrawals within the GCC. The new findings are in line with the UAE’s forward-looking approach to embracing innovation in the financial sector and creating regulatory frameworks that […]
ROYAL COMMISSION FOR ALULA STREAMLINES LICENSING THROUGH THIQAH AGREEMENT
Riyadh, Saudi Arabia, 26 October 2023: In a bid to streamline digital service delivery in AlUla, the Royal Commission for AlUla (RCU) has announced its service agreement with THIQAH, a PIF owned company specialising in smart business solutions, at the seventh edition of the Future Investment Initiative conference in Riyadh. Central to this collaboration is the […]
JLL Establishes Its Regional Headquarters at KAFD, Riyadh
New regional headquarters announced at King Abdullah Financial District (KAFD), the largest LEED ND Stage 2 platinum-certified project globally Riyadh, Kingdom of Saudi Arabia; 26 October 2023 – JLL, a leading professional services firm specialised in real estate, investment management, and development consultancy services, has announced the establishment of its regional headquarters at the King Abdullah Financial District (KAFD) in Riyadh. […]
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Experts Weigh in at FII: Saudi Arabia’s Decisive Leadership and Vision 2030 Paving the Way for a Healthcare Transformation
During a panel discussion at the conference, Dr. Shamsheer Vayalil shared insights on the monumental shift led by Saudi Arabia’s leadership Riyadh: At the 7th edition of the Future Investment Initiative (FII) conference, experts discussed the transformative impact Saudi Arabia’s Vision 2030 has on the Kingdom’s healthcare and well-being sectors, with its leadership playing a crucial […]
Employee Benefits Critical for Talent Retention in Evolving Middle East Workforce – Zurich Survey reports
1 in 4 employees in the UAE & KSA have navigated job transitions within the past year seeking financial wellness and career advancements Riyadh, Kingdom of Saudi Arabia, 25 October 2023: The evolving state of the work landscape in the Middle East is undergoing significant changes. With one in four employees switching jobs in the past year, […]
Dubai to host Domain Days 2023 in November
Dubai- United Arab Emirates, 25 October 2023:A key hub for global events is all set to host the much-anticipated Domain Days Dubai, which will open its doors to the public on November 1st, 2023 at Marriott the Palm Jumeirah in Dubai. The inaugural 2-day event brings together experts from all over the world to discuss […]
Himalaya Wellness Company LLC Expands in UAE with Groundbreaking of AED 200 million Herbal Pharmaceutical Factory at Dubai Industrial City
Dubai, UAE, 25 October 2023: Himalaya Wellness has broken ground for its upcoming state-of-the-art herbal pharmaceutical factory supported by a financing package from Emirates Development Bank (EDB), the key the financial engine for UAE economic development and industrial advancement. The factory will produce tablets, capsules, liquid orals, and ointments at Dubai Industrial City, the region’s leading manufacturing and […]
LanzaTech Forms Joint Venture with Olayan Financing Company to Deploy Carbon Recycling Technology in Saudi Arabia
Skokie, IL, – October 25, 2023 – LanzaTech Global, Inc. (NASDAQ: LNZA), the carbon recycling company transforming waste carbon into sustainable raw materials, and Olayan Financing Company (OFC), the parent company of The Olayan Group’s businesses and investments in Saudi Arabia and the Middle East, have formed a joint venture company in the Kingdom of Saudi Arabia (KSA) to accelerate the commercial […]
KT, Hyundai E&C, and stc group jointly cooperate to take the lead in building digital infrastructure for Saudi Arabia’s next 50 years
▶ KT, Hyundai Engineering and Construction, and stc group signed a Memorandum of Understanding (MOU) for the Digital Infrastructure Business in Saudi Arabia. ▶ Saudi Vision 2030 aims to diversify industries and achieve economic goals through DX innovation. ▶ Saudi Arabia’s digital innovation partner has partnered with Korea’s telecommunications industry to leverage their capabilities. Riyadh,24 Oct: KT, in collaboration […]
Huawei Cloud Partner Forum Paves New Values and Strategies for Partner Success across Middle East and Central Asia
Dubai, UAE, October 24, 2023 – On the sidelines of GITEX GLOBAL 2023, Huawei introduced the new GoCloud and GrowCloud partner development frameworks in line with the theme of “Go Together, Grow Together”. These frameworks aim to help partners build competitive offerings based on Huawei Cloud and drive customer acquisition and revenue growth. Fostering a vibrant […]
Kyndryl Reiterates 2040 Net Zero Greenhouse Gas Emissions Goal
As the world’s largest IT infrastructure services provider, Kyndryl set goals to hold itself accountable for progress across its businesses, operations, supply chain and society. It recently released its first Corporate Citizenship Report, which provides details on Kyndryl’s progress across three pillars — the Environment, Our People and Communities, and Trust. The report articulates the company’s commitment to address environmental, social and governance (ESG) priorities, while also […]
Thales appoints Bernard Roux as new CEO for Saudi Arabia and Central Asia during the Future Investment Initiative
Riyadh, Saudi Arabia, 24 October 2023 – Thales, a global leader in the Defence & Security, Aeronautics & Space, and Digital Identity & Security sectors, has appointed Bernard Roux as CEO for its rapidly growing business in Saudi Arabia and Central Asia, with responsibility across a diverse area including Kazakhstan, Uzbekistan, Turkmenistan, Azerbaijan, Kyrgyzstan, and Tajikistan. This role will […]
3DXB GROUP Pioneers Sustainability in the Saudi Green Building Forum 2023 in Riyadh
Dubai, UAE, 24 October 2023 – 3DXB Group, a pioneering company in the 3D construction industry, took center stage as the official 3D printing partner and sponsor at the Saudi Green Building Forum 2023. Held recently at the King Abdullah Financial District’s Conference Center in Riyadh, the event brought together an array of distinguished thought leaders […]
Empretec Highlights Kingdom’s role in Shaping Global Entrepreneurship
Riyadh, Saudi Arabia, 24 October 2023: The highly anticipated EMPRETEC Forum was held in Riyadh, under the esteemed patronage of His Excellency the Minister of Human Resources and Social Development, Eng. Ahmed Al-Rajhi. The event was organized by the Social Development Bank (SDB) and saw the presence of distinguished individuals, including the Secretary-General of the […]
DigitalX and LG Electronics Gulf to Drive Technological Advancements and Pioneer a New Digital Era
The goal of the association is to expedite the deployment of innovative and immersive technologies, solutions and digital assets and boost business potential Dubai, United Arab Emirates, 23 October 2023: DigitalX, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity & Water Authority (PJSC), signed a Memorandum of Understanding (MoU) with LG Electronics […]
Finastra and ELCY partner to bring Corporate Trade Finance Portal to market
Joint offering automates and streamlines trade finance processes for corporate users Dubai, UAE – October 23, 2023 – Finastra, a global provider of financial software applications and marketplaces, is partnering with ELCY, a specialist in e-commerce solutions for the processing of international trade finance, to provide a trade finance solution for corporates. The Corporate Trade Finance Portal […]
Dubai Internet City Concludes GITEX Global 2023 with Six Developments to Accelerate Global Digital Transformation
Dubai, UAE, 23 October 2023: Dubai Internet City, the mainstay of Dubai’s digital transformation for over two decades, has wrapped up a successful edition of GITEX Global 2023 with onboarding agreements for new customers, partnerships with leading global entrepreneurship agencies, and captivating activations showcasing artificial intelligence (AI) innovation within the vibrant technology district. Major developments […]
SAR +1 Billion: Lendo’s Milestone in Transforming Saudi SME Financing
RIYADH — October 23, 2023 — Lendo has crossed a significant milestone, facilitating more than 1 billion SAR in financing through over 2,500 transactions to support Saudi Arabia’s Small and Medium Enterprises (SMEs). Operating under the regulatory framework of the Saudi Central Bank, Lendo operates as a Shariah-compliant debt crowdfunding platform, specializing in the pre-financing of […]
FedEx Spotlights ‘Smart Logistics’ Solutions at Supply Chain Logistics Conference in Saudi Arabia
Riyadh, Saudi Arabia, October 23, 2023 – FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, joined industry experts at the ‘Supply Chain and Logistics Conference’ in Saudi Arabia as the official Diamond Sponsor. To support the digital transformation of Saudi Arabia’s logistics and transportation system, FedEx joined the […]