Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Bango, TPAY, and Etisalat Egypt launch Direct Carrier Billing with Google To Enable IN-APP Purchases and Subscriptions for over 30 million Subscribers
10 May 2023 — TPAY, the leading payment provider for the Middle East, Türkiye, and Africa (META), today announces, through its partnership with Bango and Etisalat Egypt, the launch of Direct Carrier Billing (DCB) with Google for over 30 million subscribers. The collaboration will create an easier experience for Android users to purchase apps, games, and […]
SAS commits $1B to AI-powered industry solutions
Multiyear investment will fuel cloud-first solutions across numerous industries Dubai, UAE, (May 10, 2023) – SAS, the leader in analytics, will invest $1 billion over the next three years to further develop advanced analytics solutions targeted at the unique needs of specific industries. In banking, government, insurance, health care, retail, manufacturing, energy and more, SAS will […]
FedEx Express and Saudi Export Development Authority Sign a Collaboration Agreement
The strategic collaboration unlocks more trade opportunities by providing exporters in Saudi Arabia with greater access to the world Photo caption from left to right: The collaboration agreement was signed by Engineer Abdulrahman bin Sulaiman Althukair, CEO of the Saudi Export Development Authority and Taarek Hinedi, Vice President of FedEx Express Middle East and Africa Operations […]
Mensha Ventures signs a Memorandum of Understanding (MoU) with its strategic partners from China to to bolster the UAE’s sustainable capabilities
The company also signed a MoU with Asian Development & Investment Bank (ADIB) to launch their new Green Tech Fund Abu Dhabi, UAE, 9 May 2023: Mensha Ventures, signed a Memorandum of Understanding (MoU) with its strategic partners from China, including the Asia Development & Investment Bank, Hoover Investment Group and Shenzhen Sinomaster Investment Group (SMT), to […]
Zain KSA Achieves All-Time-High Quarterly Revenue of SAR 2.4 Billion
With A Growth of 11% in Q1 2023 Revenue, Zain KSA recorded SAR 2.4 billion in revenue for Q1 2023, a growth of 11% compared to Q1 2022. These results reflect the success of Zain KSA’s strategy which focuses on enhancing the customer experience, expanding its footprint in next-gen technologies, investing in adjacent markets, and […]
Annual Investment Meeting signs a memorandum of understanding with Hub71
The partnership is expected to leverage the strengths of both organizations to develop innovative and dynamic strategies that will benefit the UAE startup ecosystem Abu Dhabi, United Arab Emirates, 9 May 2023: The Annual Investment Meeting (AIM Global 2023) signed a memorandum of understanding with Hub71, an Abu Dhabi-based global tech ecosystem, to collaborate and develop […]
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Damac Real Estate Development Limited (DAMAC) Joins UN Global Compact Initiative
Dubai, UAE, May 8, 2023: DAMAC has joined the United Nations Global Compact initiative — a voluntary leadership platform for the development, implementation and disclosure of responsible business practices. With this announcement, DAMAC joins other companies globally committed to taking responsible business action to create the world we all aspire to. The UN Global Compact is a […]
Get Ready for a Dairy (r)Evolution! Saudia Milk is Getting a Refresh!
Saudi Arabia, Jeddah, May 8th 2023 – In exciting news, SADAFCO–the leading UHT milk seller and distributor in Saudi Arabia with operations throughout the Middle East–is shaking things up with a bold new look for its much-loved anchor brand Saudia! Patrick Stillhart, CEO, SADAFCO: “Saudi Arabia is in the middle of its remarkable transformation. We are feeling […]
Over 60% of technology professionals globally believe that sustainability is a crucial business priority
According to an IDC InfoBrief, sponsored by Cisco: Dubai, United Arab Emirates – 8 May 2023: — As organizations worldwide focus on operationalizing their ESG plans, Cisco and IDC launched a new study, titled “The Role of Technology in Enabling Sustainability: A Global Survey of IT Professionals“. The survey, which sought to better understand the technology trends and best practices […]
Annual Investment Meeting 2023 hosts value-adding pre-conference workshops for participants
Abu Dhabi, UAE, 7 May 2023: With the goal of adding value and experience about investment opportunities for its regional and global participants, the 12th edition of the Annual Investment Meeting held a series of pre-event workshops and professional training sessions today, May 7, a day prior to the official start of the conference. These workshops were […]
12th Annual Investment Meeting to kick off tomorrow (8th May) in Abu Dhabi
Participants from around 170 countries across the world start arriving in the UAE Abu Dhabi, United Arab Emirates, 7 May 2023: Participants from 170 countries have started arriving to attend the Annual Investment Meeting (AIM Global 2023), the premier investment platform for global investors that is set to kick off its 12th edition in Abu Dhabi […]
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Islamic Development Bank (IsDB) Group Annual Meetings Are to Begin in Jeddah Next Wednesday
Under the Patronage of ‘The Custodian of The Two Holy Mosques, Jeddah, Kingdom of Saudi Arabia, 07 May 2023: The Islamic Development Bank (IsDB) Group’s Annual Meetings are set to take place from 10-13 May 2023, in Jeddah, Kingdom of Saudi Arabia, under the patronage of The Custodian of The Two Holy Mosques, King Salman bin […]
Mastercard Women SME Leaders Awards reveals 2023 winners
Riyadh, KSA; 07 May 2023: Mastercard has announced the winners of its second edition of the Women SME Leaders Awards at a virtual ceremony, celebrating the achievements of women-led businesses in 22 categories across multiple industry sectors in Eastern Europe, Middle East and Africa. Launched in 2022 in collaboration with Entrepreneur Middle East, the Mastercard Women SME Leaders Awards […]
Hybrid Multicloud and Hosted Services Are IT Growth Areas in Saudi Arabia
Enterprises found to be prioritising cross-platform visibility and management to stay ahead of preferred mixed IT curve RIYADH, Saudi Arabia – 7th May, 2023 – Nutanix, Inc. (NASDAQ: NTNX) a leader in hybrid multicloud computing, has announced the findings of its fifth annual Enterprise Cloud Index (ECI) survey, which show that organizations in the Kingdom of Saudi Arabia plan to move their […]
Bayzat drives employee health and wellbeing across KSA
Riyadh: Bayzat, the GCC’s leading all-in-one HR and employee benefits platform, focuses on enhancing employees’ work life experience, improving their performance, and taking care of their wellbeing in the workplace. Talal Bayaa, CEO and Co-Founder of Bayzat, said: “Bayzat pays special attention to the health and overall wellbeing of employees to enhance their performance and increase their efficiency, driving a […]
Mastercard Music Pass NFT opens access to groundbreaking Web3 training program for emerging musical artists
Riyadh, Saudi Arabia – 03 May 2023: Music fans can now get their hands on the limited-release Mastercard Music Pass NFT, which unlocks access to exclusive content and experiences from the Mastercard Artist Accelerator. The unique program will prepare five emerging musical artists worldwide with the tools and skills to harness Web3 technologies to reimagine their creative processes and […]
GoDaddy Empowers Saudi Entrepreneurs with Two Training Workshops
The Workshops covered how to help boost sales During Ramadan and Eid Seasons Riyadh, KSA – 30 April 2023 – GoDaddy, the company that helps entrepreneurs thrive, conducted two training workshops to teach entrepreneurs how to try and sell more and increase online sales in preparation for the important Ramadan and Eid seasons. The two-day training workshops covered […]
Deloitte announce Technology FAST 50 rankings
Middle East – 27 April 2023: Deloitte Middle East has released the results of the second edition of the Middle East Technology Fast 50, the list of fastest-growing technology companies in the region. The program recognizes technology companies based on revenue growth over the last four years. In this edition of Technology Fast 50, Deloitte Middle […]
Annual Investment Meeting 2023 highlights opportunities to stimulate FDI flow and boost economic growth
Abu Dhabi, United Arab Emirates, 27 April 2023: The Annual Investment Meeting (AIM Global 2023), one of the world’s largest investment platforms, will be hosted for the first time in Abu Dhabi from 8- 10 May, 2023, in collaboration with the Ministry of Industry & Advanced Technologies, and the Abu Dhabi Department of Economic Development (ADDED) […]
ACCIONA PARTNERS WITH ØRSTED TO DEVELOP OFFSHORE CONSTRUCTION SOLUTIONS
INNOVATION The agreement covers, among other areas of cooperation, the technological development of floating platforms for offshore wind farms Saudi Arabia, APRIL 26, 2023. ACCIONA, through its Infrastructure division, has signed a memorandum of understanding (MOU) with Ørsted, a global renewable energy company and leader in offshore wind, to jointly develop solutions to address the challenge […]
MEA banks turn to fintechs to boost digital transformation progress, Finastra research reveals
Finastra survey, produced in collaboration with East & Partners, indicates that banks in MEA want to implement fintech solutions to drive cost efficiencies and fast-track their slower than anticipated digital journey Dubai, UAE – April 26, 2023 – Finastra research reveals that banks in the Middle East and Africa (MEA) region regard fintech partnerships as important for […]
Asset Integrity and Process SafetyConference & Exhibition to address key issues of asset life extension and optimization of maintenance strategies
Saudi Arabia: Great Minds Event Management announces that the Asset Integrity and Process SafetyConference & Exhibition – KSA Edition will take place from the 2nd to the 4th of May 2023 in King Abdullah Cultural Center, Jubail, Kingdom of Saudi Arabia. The conference will address the key issues of asset life extension and optimization of maintenance strategies that improves the integrity and reliability of assets while maintaining production capability and reducing operational cost. […]