Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Innovating the investment landscape: World Investment Forum debuts Investment Village and champions global youth voices at 4th UNCTAD Youth Forum
Abu Dhabi, UAE, 17 October 2023 – The 8th World Investment Forum (WIF) is thrilled to unveil its highly-anticipated Investment Village and the 4th UNCTAD Youth Forum. Both are aligned with the overarching theme “Investing in Sustainable Development,” setting the stage for a new narrative in the global investment sphere. The Investment Village, backed by the […]
Mastercard partners with tmam to help GCC SMEs digitize corporate expenses and save money on business spend
Al Riyadh, Saudi Arabia – 17 October 2023: Mastercard has entered a strategic partnership with tmam – one of the leaders in multi-currency corporate card, expense management and accounts payable solutions for SMEs – to launch its innovative payment proposition across the GCC region. The collaboration will help small businesses digitize their corporate expenses while saving money on company spend. With a transparent fee structure and deep integration into […]
Forbes Middle East’s Sustainability Leaders’ SummitSet To Shape The Green Agenda
Dubai, 17 October 2023: The Forbes Middle East Sustainability Leaders’ Summit 2023 will convene international leaders in sustainability, technology, finance, and policy at the Rixos Premium Saadiyat Island in Abu Dhabi from November 1-3, 2023. Under the theme: “Driving economic growth for a greener world,” the highly anticipated event will be chaired by His Excellency Dr. Thani bin Ahmed […]
Saudi residents show support for green ambitions as part of Vision 2030 plans
85% of Saudi residents believe move towards a green economy is important for the Kingdom Research highlights overwhelming public support for green transition as part of diversifying away from oil revenues Private sector has a vital role to be play in bringing expertise and know-how to drive Saudi’s giga-projects Riyadh, Kingdom of Saudi Arabia, 17th October […]
Mohammed bin Rashid opens GITEX GLOBAL, as the global tech momentum shifts to Dubai
43rd edition of GITEX GLOBAL, which runs from 16-20 October 2023, has once again reached full capacity at DWTC Event is hosting 6,000 exhibitors and 180,000 tech executives from 180 countries His Highness: The remarkable growth in participation at GITEX is a testament to the world’s growing confidence in Dubai as a pivotal hub for the technology […]
DAY 2 OF FUTURE BLOCKCHAIN SUMMIT – SETTING NEW STANDARDS FOR CRYPTO TRADING
Dubai – United Arab Emirates – 16 October 2023: Day two of Future Blockchain Summit 2023, the premier blockchain exhibition, took place at the iconic Dubai Harbour today, uniting the global blockchain and crypto ecosystem. Welcoming the world’s leading crypto, blockchain and Web3 experts, the Exchange Stage at Future Blockchain Summit featured a series of […]
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8th Edition of World Investment Forum 2023 commences in Abu Dhabi, Addressing Investment for Sustainable Development
Abu Dhabi, UAE, October 16, 2023: The 8th World Investment Forum (WIF), organised by the United Nations Conference on Trade and Development (UNCTAD), officially opened today at the Abu Dhabi National Exhibition Center. The inaugural session of this premier investment event, which will run until October 20, united the Heads of States, Ministers, business leaders, eminent […]
Forbes Middle East Unveils A Groundbreaking List Of Sustainability Leaders
Meet The Leaders Consciously Prioritizing A Sustainable Future For The Middle East Dubai, October 16, 2023: Forbes Middle East has revealed its inaugural list of sustainability leaders, spotlighting the Middle East’s biggest players making the most impactful commitments and forward steps toward sustainable business goals. The list highlights 11 key corporate sectors. Forbes Middle East evaluated […]
MENA banking sector witnesses 30% surge in net profits, 12.2% increase in net assets year on year in H1 2023
Riyadh, Kingdom of Saudi Arabia – 16 October 2023: According to the EY MENA H1 2023 Banking Report, the region experienced a remarkable year on year (YoY) growth with a 30% surge in net profits and a 12.2% increase in net assets. Meanwhile, YoY returns on equity recorded a rise of 6.18%, and the net interest margin grew […]
Mastercard partners with SiFi to empower businesses in Saudi Arabia
Riyadh, Kingdom of Saudi Arabia; 16 October 2023 – Mastercard has signed an exclusive agreement with Alhulul Almobassatah Financial Company (SiFi) to empower small and medium-sized enterprises (SMEs) in Saudi Arabia with a range of innovative offerings. The agreement brings Mastercard, a leading technology company in the global payments sector together with SiFi, a Saudi-based fintech […]
MENA banking sector witnesses 30% surge in net profits, 12.2% increase in net assets year on year in H1 2023
Riyadh, Kingdom of Saudi Arabia – 16 October 2023: According to the EY MENA H1 2023 Banking Report, the region experienced a remarkable year on year (YoY) growth with a 30% surge in net profits and a 12.2% increase in net assets. Meanwhile, YoY returns on equity recorded a rise of 6.18%, and the net interest margin grew […]
HRH Crown Prince launches “Ardara” with development of “AlWadi” in Abha as flagship project
Riyadh, KSA – 16 October 2023 Riyadh, 16 October 2023: His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, Chairman of the Public Investment Fund (PIF), announced today the launch of “Ardara,” which will develop AlWadi in Aseer Region in the southwest of Saudi Arabia, which will be the […]
Expand North Star 2023 kicks off in Dubai gathering game-changing start-ups to accelerate on global stage
World’s largest start-up show welcomes over 1,800 startups from more than 100 countries, 1,000 investors managing US$ 1 trillion and 500+ expert speakers Event enhances Dubai’s position as a global digital hub, connecting venture capital with unicorns, scale-ups and startups and attracting the global tech community Dubai, UAE: 15 October 2023: Expand North Star, the […]
Boursa Kuwait organized “Financial Asset Managers Day” in Dubai
In collaboration with HSBC Kuwait City, October 15, 2023: Boursa Kuwait organized a “Financial Asset Managers Day” on Wednesday, 11 October 2023 in collaboration with HSBC, the British-based multinational investment bank and one of the largest investment banks in Europe. Held in the bank’s headquarters in Dubai, the United Arab Emirates, the initiative brought together representatives […]
GLOBAL BLOCKCHAIN AND CRYPTO ECOSYSTEM GATHER IN DUBAI ON OPENING DAY OF FUTURE BLOCKCHAIN SUMMIT
Dubai – United Arab Emirates – 15 October 2023: Future Blockchain Summit 2023 kicked off at Dubai Harbour today, welcoming members from across the global blockchain and crypto ecosystem to the Emirate. Reaffirming the Dubai’s position as a leading epicentre for the growth of blockchain and crypto, the sixth edition of the premier global blockchain […]
GENERATIVE AI IS REVOLUTIONIZING THE BANKING SECTOR
DAY 1 OF FINTECH SURGE 2023: Dubai – United Arab Emirates – 15 October 2023: Day one of Fintech Surge 2023, the global gathering for the entire fintech ecosystem, commenced today at the iconic Dubai Harbour. The event is uniting regional and global players from across the fintech industry – from banks and financial institutions […]
HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum opens Expand North Star 2023
World’s largest startup show welcomes over 1,800 startups from more than 100 countries, 1,000 investors managing US$ 1 trillion and 500+ expert speakers Event enhances Dubai’s position as a global digital hub, connecting venture capital with unicorns, scale-ups and startups and attracting the global tech community Dubai, UAE: 15 October 2023: His Highness Sheikh Maktoum […]
Deloitte launches “Future of Government” to generate solutions that improve citizen’s lives
Middle East, 12 October 2023 – Deloitte Middle East announced the launch of the “Future of Government,” a think-tank to supportgovernments to enhance their services and improve the lives of their citizens. The Deloitte initiative brings together the best government and digital transformation experts to re-imagine the future of governments in areas of finance, human resources, procurement, technology, and decision-making. Muhannad Tayem, […]
100+ speaker lineup to spotlight the transformative power of creativity in Saudi Arabia at Athar Festival 2023
SCEGA and MMS lead the way as Strategic and Co-Partners, with H.H. Princess Loulwa Bint Yazeed Al Saud spearheading an exceptional lineup of speakers from key Saudi government entities and businesses, local and international creative marketing industry, and prominent global companies and brands Riyadh, Saudi Arabia, 11 October 2023: With a little over a month to […]
GulfTek unveils State-of-the-Art Manufacturing Unit in Dammam, plans to invest additional USD 30 million in five years
Dammam, KSA, October 12, 2023: Gulftek (Gulf Technical Factory) an API certified oilfield equipment manufacturing and service facility, announced the grand inauguration of its cutting-edge manufacturing plant under Saudi Aramco In-Kingdom Total Value Add (IKTVA) program, in Dammam, Kingdom of Saudi Arabia. The plant was launched in presence of the Saudi Aramco and Ministry of Investment, […]
Canon Announces the Expansion of its Label Printing Portfolio with New LabelStream LS2000
Dubai, UAE, 12th October 2023 – Today, Canon announces a technology preview of the Canon LabelStream LS2000, a new 40m/min inkjet label press, at Canon Expo in Yokohama, Japan (19th – 20th October 2023). Designed for industrial-scale label printing, the LabelStream LS2000 is based on a new blend of innovative and proven Canon technologies. As Canon’s first water-based […]
Saudi Arabia’s business and public-sector elite gather in Riyadh for the inaugural ADL CEO Session, prompting the launch of a new and unique report
Riyadh, Saudi Arabia, 12 October 2023: Arthur D. Little (ADL) has hosted its inaugural CEO Session at the Ritz Carlton in Riyadh, with candid insights from prominent executives and public sector leaders forming the basis of a unique report: ‘Saudi Arabia: Uncharted Terrain, Unlimited Opportunity’. The invite-only event in Riyadh was a rare opportunity for decision makers from Saudi […]