Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Careem delivers customer-centric strategies for last-mile delivery experience at Seamless Saudi Arabia 2023
– General Manager of Food at Careem KSA, Ralph Choueiri joins panel discussion on the future of retail, e-commerce, and fintech in Riyadh at Seamless Saudi Arabia Riyadh, Saudi Arabia – 10 September 2023: Joining a host of esteemed peers and industry-leaders, Ralph Choueiri, multi-service app Careem’s General Manager of Food in the Kingdom, took to the […]
‘Thakher Makkah’ Unveils SAR 200M Project during Cityscape Global
Riyadh, Kingdom of Saudi Arabia, 10 September, 2023 Thakher Development Company, the master developer of the master plan and infrastructure of Thakher Makkah project, has announced the launch of “Radisson Hotel & Residences”, with a value exceeding SAR 200 Million. The announcement was made during the Cityscape Global Exhibition, which is taking place in Riyadh […]
FedEx Joined Industry Leaders to Boost Saudi Arabia’s Logistics Sector
Photo caption: Zaid Khammash, Managing Director Operations at FedEx Express, discussing regional and global trends reshaping the logistics and supply chain industry. Jeddah, Saudi Arabia, September 7, 2023: FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX), and the world’s largest express transportation company, recently joined industry leaders at the ‘Landmarks in Logistics’ forum […]
New Report Unveils Initiatives for Digital Transformation of SMEs in Saudi Arabia
Riyadh, Saudi Arabia, 7 September 2023: The Centre for the Fourth Industrial Revolution- in the Kingdom of Saudi Arabia (C4IR-KSA) and the World Economic Forum (WEF) have jointly with the Saudi Ministry of Industry and Mineral Resources (MIM) and the Saudi Authority for Industrial Cities and Technology Zones (MODON) and Arthur D. Little (ADL), launched a report titled “Modernizing […]
Mastercard and Fintech Saudi partner to accelerate the digital transformation of the fintech industry in the Kingdom
Riyadh, Kingdom of Saudi Arabia; September 6, 2023 – Mastercard and Fintech Saudi have announced the signing of a memorandum of understanding during Seamless Saudi Arabia 2023 to advance the growth and development of the Saudi Arabia fintech industry. The announcement marks another step towards powering an inclusive digital economy and advancing entrepreneurship in the Saudi Arabia. In […]
stc Group presents its digital fintech solutions during “Seamless Saudi Arabia 2023.”
And signs agreements to provide financial prospects Kingdom of Saudi Arabia, Al Riyadh, September 06: stc Group, the engine of digital transformation in the region, took part in the “Seamless Saudi Arabia 2023” exhibition and conference held in Riyadh. Over 500 exhibiting companies, both local and international, along with 2000 company representatives and 300 speakers, […]
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Leading Saudi QSR Operator, Alamar Foods PJSC (“Alamar”) managing Domino’s Pizza MENAP and Dunkin Donuts in NA, Onboards MoEngage for Customer Lifecycle Management Program
KSA, September, 06, 2023: Alamar Foods, a Saudi-based leading Quick Service Restaurant (QSR) operator has partnered with MoEngage, a marketing automation and customer engagement platform to drive personalized communication with its customers. Alamar is pursuing an omnichannel strategy with a customer centric approach “In our endeavor towards direct marketing, engaging, and rewarding our customers based on […]
Stake Secures CMA ExPermit to Expand in KSA, Fueling Foreign Investment into Saudi Arabia
Stake, the leading digital real estate investment platform in the MENA region, secures a license from the Capital Markets Authority to tap into Saudi Arabia’s thriving investment sector. This move will position Stake to offer both global and domestic investors a share in the Kingdom’s vibrant real estate landscape. Riyadh, Saudi Arabia, 6 September 2023 […]
The 13th Saudi Green Building Conference, will be attended by experts and investors, pioneering sustainable development in Saudi cities
Sponsored by the Ministry of Municipal, Rural Affairs, and Housing Riyadh:September 2023 The prestigious 13th Saudi Green Building Forum (SGBF) is set to take place in Riyadh from October 9th to 10th, 2023, under the esteemed patronage of His Excellency, Mr. Majed bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs, and Housing. As a leading […]
stc Group acquires a 9.9% interest in Telefónica
Riyadh, 5 September 2023: stc Group announces that it has acquired a 9.9% interest in Telefónica S.A. (“Telefónica”), one of the largest telecommunications companies in the world with significant presence in Spain, Germany, the UK, and Brazil, for a total consideration of SAR 8.5 billion (EUR 2.1 billion). This acquisition represents another milestone in stc […]
HUAWEI CLOUD Summit Saudi Arabia Brings Together Industry Titans to Further the Digital Transformation Journey
Riyadh, Saudi Arabia, September 04, 2023 — Today, His Excellency the Deputy Minister of Communications and Information Technology, Engineer Haitham bin Abdul Rahman Al-Ohali, opened the HUAWEI CLOUD Saudi Summit 2023. Sponsored by the Ministry of Communications and Information Technology (MCIT) and organized by Huawei, the event aims to enhance digital transformation in line with the Kingdom’s […]
Academics and Tech Experts Discuss Activating Collaboration Frameworks to Foster Technical Talent Development in the Middle East and Central Asia
In the opening of the 2023 edition of Huawei’s global program “Seeds for the Future” in Doha: Middle East — September 04, 2023 — Huawei’s Seeds for the Future Qatar opening ceremony witnessed a landmark panel discussion featuring academics and tech experts from the Middle East and Central Asia with the participation of over 175 students […]
Empowering Local E-Commerce Businesses to Seize Global Opportunities: FedEx Showcases Advanced Solutions at Seamless Saudi Arabia
Riyadh, Saudi Arabia, September 4, 2023 – FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, is showcasing its innovative suite of e-commerce solutions at Seamless Saudi Arabia 2023 at Riyadh Front from September 4 to 5, 2023. The FedEx e-commerce suite of solutions include services such as FedEx® Delivery […]
Hyperpay Taps Paymentology’s payment processing platform in Saudi Arabia
Announced Today At Seamless Saudi Arabia London, Riyadh – Monday, September 4, 2023 – Hyperpay, the fastest growing online payment service provider in the MENAP region, founded by Muhannad Ebwini, is delighted to announce a strategic partnership with Paymentology, the global leading issuer-processor. The collaboration marks a significant milestone in Hyperpay’s mission to become a one-stop […]
MENA M&A activity in H1 2023 reaches 318 deals valued at US$43.8b
Dubai, UAE – 30 August 2023: According to the EY MENA M&A Insights H1 2023 update, the MENA region witnessed a total of 318 merger and acquisition (M&A) deals amounting to US$43.8b. The GCC region accounted for the majority of deals – 254, valued at US$42.5b. Compared with H1 2022, deal volume during this period was down by 14%, […]
Capturing Global Opportunities Together: Huawei Unveils Growth and Innovation at HDC.Together 2023
Dubai UAE, 29th August 2023: Global technological company Huawei unveiled a series of business updates and innovations during its annual flagship developer conference HDC.Together, which took place on 4th to 6th August 2023. Besides the launch keynote, over 100 international developers and business leaders attended its “Global Eco-summit”, where Huawei discussed the recent growth of HUAWEI Mobile Services (HMS), delving into its latest innovation, business […]
Xylem Appoints New KSA Managing Director to Drive Water Innovation in the Kingdom
Riyadh, Kingdom of Saudi Arabia – August 29th 2023: Xylem Inc. (NYSE: XYL), a leading global water technology company committed to developing innovative solutions to solve the world’s water challenges, is strengthening its presence in the Kingdom of Saudi Arabia (KSA), with the strategic appointment of Eng. Alaa Nasser Karashi, as the new Managing Director for Xylem in KSA. In […]
Almarai won the award for the Best Islamic Loan in 2023
Almarai Company won the Best Islamic Loan Award for 2023 in the Kingdom of Saudi Arabia for deals concluded in 2022 during a ceremony recently held in the Malaysian capital, Kuala Lumpur, to distribute The Asset Triple A Islamic Finance Awards 2023. The Almarai deal that won the “2023 Asset Triple A Islamic Finance” award […]
stc’s Corporate Investment Fund (CIF) participates in an investment round for “Rewaa”
Riyadh, 28th August 2023 – stc Group, an engine of digital transformation in the MENA region announces the participation of its Corporate Investment Fund (CIF) in an investment round (A) totaling $27 million (100 million Saudi Riyals) in Rewaa, the leading retail management software. The round was led by Aramco’s “Wa’ed Ventures” venture capital fund, and the list of […]
The Kingdom is hosting Seamless Saudi Arabia 2023 under the patronage of H.E. the Governor of the Saudi Central Bank
Under the patronage of His Excellency Ayman Mohammed Al-Sayari, the Governor of the Saudi Central Bank, the Kingdom of Saudi Arabia is hosting the ‘Seamless Saudi Arabia 2023’ conference and exhibition in Riyadh on September 4 and 5. The event will be held through a strategic partnership with Saudi Payments, bringing together over 500 local and […]
QNB Group expands its network with its new Jeddah branch
Jeddah, 27 August 2023 – QNB Group, the largest financial institution in the Middle East and Africa, announced the opening of its second branch in KSA, at the port city of Jeddah, strengthening its regional presence. The branch offers solutions for its retail and corporate clients located in the western region of the Kingdom, while […]
Athar Festival catalyses Saudi creativity during one of its most transformative eras
Early-bird registration is now open to the public for the country’s largest festival and awards gala dinner in the creative marketing industry Riyadh – Saudi Arabia, 25 August 2023: 2023 will go down as the year Saudi Arabia truly came into its own as a regional creative hotspot. From fine arts and fashion to entertainment and […]