Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Gulf Business Machines Announces Mike Weston as CEO
New CEO to build on GBM’s strategic vision for the region and lead on the organization’s growth trajectory March 23, 2023: Gulf Business Machines (GBM) has announced the appointment of Mike Weston as Chief Executive Officer (CEO) for the company’s regional operations based out of Dubai. Weston joins from IBM, where he was most recently the […]
More than half of KSA employees value work-life balance and career progression as top priorities.
New Report from BCG and The Network reveals 30% of candidates in Saudi Arabia would refuse a good offer if they had a negative experience during recruitment Riyadh, KSA – March 21, 2023— Despite a possible economic slowdown experienced globally, the Kingdom of Saudi Arabia (KSA) is experiencing a significant boom. With projections set at an all-time high, and unemployment […]
Unleash Digital with Everything as a Service
Huawei Cloud Summit Middle East & Africa 2023 Now Kicks Off [March 21, 2023, Dubai, UAE] Themed “Unleash Digital with Everything as a Service”, the second Huawei Cloud Summit Middle East & Africa kicks off in Dubai on March 21. This event brings together over 300 government officers, cloud native industry experts, and customer representatives from […]
Finastra partners with Aspire Systems to facilitate payments modernization and instant payments for financial institutions globally
Finastra Payments To Go will enable financial institutions to transform their payments strategy and keep pace with new demands Dubai< UAE – March, 21 2023 – Finastra, a global provider of financial software applications and marketplaces, today announced its partnership with Aspire Systems, a global technology services firm, to enable financial institutions worldwide to transform their payments operations and […]
Five Ways to Improve Circularity in the Middle East’s Construction Sector
By Karim Shariff, EMEA Head of Construction, Building Products, Real Estate and B2B Services, Bain & Company Building construction contributes significantly to the world’s emissions and material footprints, accounting for about 40% of each. Most emissions associated with buildings result from their operations, primarily heating and cooling. But the embedded emissions in building materials still […]
Dell Technologies Integrates CEE and META Regions to Support Customer Innovation and Faster Access to Global Markets
Dell Technologies has formed a new Central & Eastern Europe, Middle East, Turkey & Africa (CEEMETA) region. The move increases operational efficiencies and supports partner growth to help customers to achieve their digital transformation goals. The new region will represent a more extensive customer, partner and talent base, thereby allowing Dell to further build its […]
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FedEx Launches International Economy and International Economy Freight Services in Saudi Arabia to Help SMEs Expand Global Footprint
Saudi Arabia, March 20, 2023 – FedEx Express, a subsidiary of FedEx Corp (NYSE: FDX) and the world’s largest express transportation company, today announced the launch of its FedEx International Economy® and FedEx International Economy® Freight services in the Kingdom of Saudi Arabia. The deferred services will enable businesses in Saudi Arabia to expand their global reach cost-effectively and reliably. FedEx International […]
Bühler supports Saudi Arabia’s national food security goals
20 March 2023:The Bühler Group supports Saudi Arabia’s aim to achieve national food security, considering also the international challenges impacting this vital sector. “We provide unique and innovative solutions, aligning the highest technical standards and sustainable developmental concepts in line with the national goals of the Kingdom’s 2030 Vision,” comments Country Manager Eng. Mohamed Jebabra. Projects […]
MENA Effie TLP Riyadh makes a stellar debut; demystifies immersive marketing through multi-perspective discussions
Over 50 executives attended the KSA debut of the MENA Effie Thought Leadership Program, engaging in scholarly discussions on immersive marketing, giving regional marketers a strategic direction, and creating a strong sense of community March 20th, Riyadh, KSA: The MENA Effie Thought Leadership Program (TLP) – Riyadh was held on 6th March 2023, at Muvi Cinemas, Riyadh […]
Etisalat by e& Egypt and Mastercard partnership will redefine digital experience and commerce for millions in Egypt
Riyadh, Saudi Arabia; 19 March 2023: Last week e& group and Mastercard announced a region wide strategic partnership. Building on this strategic partnership, today Etisalat by e& Egypt, a leading tech-telco operator, has partnered with Mastercard to redefine digital experience and commerce for its e-wallet, Etisalat Cash, for customers across Egypt. The wallet will enable secure […]
Leaders of the Global Financial Community Outline Positive Outlook for Sector as Financial Sector Conference Opens in Riyadh
RIYADH, Saudi Arabia, 15th March, 2023 –The second edition of the Financial Sector Conference (FSC 2023) opened today in Riyadh, welcoming over 3000 participants from around the world to discuss the way ahead for the global financial community under the conference theme of “Promising Financial Prospects.” Welcoming delegates to the conference Saudi Minister of Finance HE Mohammed Al-Jadaan said: […]
Almarai is on Forbes list for the top 10 most innovative companies in Saudi Arabia 2022
Almarai has been ranked among Forbes Top 10 Most Innovative Companies in Saudi Arabia for 2022. Almarai ranked 6th in the Forbes list, which included many major companies in various sectors, including energy, banking, telecommunications, health, and petrochemicals. “The classification of Almarai among the list of most innovative companies in the Kingdom comes as part of […]
Shipsy Signs MoU with Monsha’at, Commits to Accelerate Vision 2030 & Earmarks Investment of USD 10M in KSA
Dubai, United Arab Emirates – 14 March 2023: Shipsy, a leading global SaaS-based logistics management platform provider, announced that it had signed a memorandum of understanding (MoU) with Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, to support Saudi Vision 2030. This development took place at the sideline of Biban 23 […]
94% of banks eyeing investment in modern payment tech, to keep pace with fintech innovation
Research from Aite-Novarica Group, supported by Finastra, indicates that banks must invest in new technologies as business customers demand more robust payment capabilities Dubai, UAE – March 14, 2023 – Aite-Novarica Group research reveals that payments is an important area of growth and innovation within the commercial banking space, and legacy systems cannot support end-user demand […]
Banks see “clear potential and value” in Swift’s experimental CBDC connector after sandbox collaboration
Brussels, 13 March 2023 – Swift today announced further progress on its experimental solution for interlinking Central Bank Digital Currencies (CBDCs), reporting that 18 central and commercial banks found “clear potential and value” in the API-based CBDC connector after a comprehensive review. The cooperative published the findings of the 12-week period of collaborative sandbox testing, in which […]
More than $2.8 billion worth of agreements signed on Day 3 of Biban 2023
RIYADH, Saudi Arabia – Sunday, 12. March 2023: Today, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia (Monsha’at) has underlined its commitment to advancing entrepreneurship in the Kingdom. In line with Vision 2030, Monsha’at has signed a range of agreements with a selection of leading regional and global entities. Contributing to the […]
Mastercard partners with Infinios to introduce first-ever wholesale travel program in the Middle East and North Africa
Riyadh, Saudi Arabia; 13 March 2023 – Mastercard and Bahrain-based fintech Infinios Financial Services have announced a strategic partnership to advance the digitization of business-to-business travel payments between travel buyers and suppliers through the first Mastercard Wholesale Program launch in region. The collaboration will enhance liquidity for travel suppliers, such as travel agencies, through greater transaction flexibility, transparency, and […]
Forbes Middle East Unveils The Region’s Top 100 Healthcare Leaders
Meet The 100 Most Influential Heads And Healers Of The Middle East’s Healthcare Industry Dubai, U.A.E. – March 13, 2023: Forbes Middle East has revealed its second annual ranking of the region’s top healthcare leaders, recognizing the most influential healthcare heavyweights across pharmaceuticals, medical facilities, technology, medical equipment, and healthcare investment in the Middle East. Leaders based […]
FedEx Integrates WhatsApp Notifications into Digital E-Commerce Delivery Solution for Consumers in the UAE
Integration of WhatsApp in FedEx® Delivery Manager International makes last-mile delivery even easier Dubai, United Arab Emirates, March 13, 2023 – FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, is enhancing its services with delivery notifications and personalized options now available on WhatsApp. The integration of one of the world’s most […]
SDB allocates SAR 24 billion to finance entrepreneurs, small and emerging enterprises
During its participation at BIBAN23 Riyadh 12 March 2023 – Social Development Bank (SDB) has underlined its commitment to enhancing entrepreneurship in Saudi Arabia by allocating SAR 24 billion to finance entrepreneurs, small and emerging enterprises during the next three years, aiming to empower entrepreneurs and supporting them to contribute to providing an effective and influential […]
Saudi Total Petroleum Products Co. Solarizes Its Lubricants Plant in KAEC
Rooftop system to generate 390 MWh of renewable energy annually, covering approximately 50% of the plant’s energy needs Jeddah, February 12, 2023 – Saudi Total Petroleum Products (STPP), a joint venture between TotalEnergies and Zahid Group, and it’s a leading lubricants manufacturing and distribution company operating in the Saudi market, has announced the formal start of […]
Monsha’at and Zoho to accelerate SMEs’ digital transformation and e-commerce adoption
Riyadh In line with the national digitalisation agenda under the Saudi Vision 2030, the Small and Medium Enterprises General Authority (Monsha’at) and Zoho Corp., a leading global technology company, announced the signing of a Memorandum of Understanding (MoU) that aims at supporting 30.000 small and medium enterprises (SMEs) in Saudi Arabia in their digital transformation […]