Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
GoDaddy Partners with Monsha’at to Empower SMEs and Young Entrepreneurs in Saudi Arabia
GoDaddy and Monsha’at to launch a series of training courses, workshops and seminars to enable SMEs and entrepreneurs to create their digital presence Riyadh, KSA – 12 March: GoDaddy Inc, (NYSE: GDDY), the company that empowers everyday entrepreneurs around the world, signed a partnership agreement with the General Authority for Small and Medium Enterprises (Monsha’at) to empower and inspire SMEs […]
Amazon in Saudi Helps Local Selling Partners Grow their Businesses Internationally, Reaching Markets in the U.S., Europe, and Asia
The announcement made during Biban 2023 confirms that Amazon.sa Saudi selling partners can start selling internationally with a singular registration process available in Arabic and English Riyadh, Saudi Arabia—March 12, 2023—Amazon announced the launch of its new Global Registration in Saudi Arabia to help selling partners grow their business internationally through a single, simple process. Global Registration […]
Visa, Monsha’at sign MoU at Biban 2023 to build SME capacity for digital economy in line with Saudi Vision 2030
Visa and Monsha’at sign agreement that aims to foster an environment that empowers Saudi SMEs with digital capabilities and business skills to drive economic growth in accordance with Saudi Vision 2030 Riyadh, KSA – March 10, 2023 – Visa (NYSE: V), the world’s leader in digital payments, today signed a Memorandum of Understanding (MoU) with […]
Huawei Helps Unleash Tangible Opportunities for SMEs at BIBAN 2023
Saudi Arabia ,Riyadh, March 09 2023: Held under the patronage of the Saudi Arabia Ministry of Commerce and organized by Monshaat, Huawei is participating as a Strategic Partner of BIBAN 2023, the largest and most important event focused on entrepreneurship and innovation in the Kingdom, bringing over 105,000 visitors and 380+ international investors and entrepreneurs locally […]
stc supports smart port automation in the Kingdom
Riyadh, March 2023: stc Group, the digital enabler in the region, in partnership with the Saudi Ports Authority, has launched the Smart Ports Initiative to automate the Saudi ports’ operations, which will advance ports performance, economic competitiveness, reduce costs, and increase safety. The collaboration will also support the automation of operational processes across ports and apply […]
Dentsu MENA helps brands navigate business transformation from ‘Now to Next’ at inaugural Riyadh Event
First edition of dentsu Now to Next in Riyadh brings international, regional and local experts together to address industry challenges and predict and plan for future opportunities in the Kingdom and beyond Riyadh, Saudi Arabia – At the inaugural edition of the Dentsu Now to Next event, dentsu yesterday outlined the considerable market shifts that have […]
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Breaking Down Barriers: FedEx Leads in Advancing Equity in the Logistics Industry
Women are gaining a foothold in the supply chain industry and are making significant contributions. Women, who have historically been underrepresented in the logistics industry, are now taking center stage. In 2022, women accounted for 19% of C-level positions in the average supply chain organization, up from 15% in 2021. Successfully recruiting women, advancing them into leadership roles, […]
Social Development Bank participates in BIBAN23
SDB’s participation in the event is in line with its vision to empower the Kingdom’s entrepreneurs Riyadh 07 March 2023 – The Social Development Bank (SDB) has announced its participation as a contributing partner at Biban 2023, the Kingdom’s flagship startup and SME conference. Hosted and organized by the Small and Medium Enterprises General Authority (Monsha’at), the […]
Study: Generation Z Most Entrepreneurial Among All Demographic Groups in Saudi Arabia
RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)– Generation Z (Gen Z, ages 18 to 24) consumers in Saudi Arabia are two times more likely than any other age group to send cross-border remittances in support of their business interests at home, according to research recently commissioned by Western Union. Findings show that while family support remains paramount for […]
Saudi Arabia makes a $5 Billion deposit at the Central Bank of Turkey through the Saudi Fund for Development
Turkey, İstanbul, 06 March 2023 – In implementation of the directives from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Crown Prince and Prime Minister, Mohammed bin Salman Al Saud, KSA Minister of Tourism and Chairman of the Saudi Fund for Development (SFD) Board of Directors, H.E. […]
ACCIONA POSTS €441 MILLION
NET PROFIT, INVESTS €2 BILLIONREVENUEGrew to €11.2 billion (+38.1%), with solid progress in ACCIONA Energía andthe infrastructure business unit EBITDAReached €2.07 billion (+39.4%), driven by growth in ACCIONA Energía and improvement in profitability in the Construction unit, mainly internationally LEVERAGEThe net debt-to-EBITDA ratio stands at 2.54x, whereas it was 2.93x in 2021 INFRASTRUCTUREThe division ends the period with a […]
Commvault to host Connections on the Road in Riyadh
05 March 2023 – Commvault (NASDAQ: CVLT), a global enterprise leader in data management across on-premises, cloud, and SaaS environments, today announces its Connections on the Road event will take place at Four Seasons Hotel Riyadh At Kingdom Center on 7th March. During the event, senior Commvault executive Fady Richmany, Regional Vice President & General Manager, SEEMEA, will […]
Investopia Conference 2023 Discusses Trends in Family Wealth
Abu Dhabi, United Arab Emirates, 03, March 2023: Industry leaders from around the world discussed how global family offices in the UAE are embracing diversification and sustainability during a session titled “Trends in Family Wealth” at Investopia Conference 2023. The session was hosted by Nabyl Al Maskari, Executive Chairman, Al Maskari Holding, Mr. Zaid Al-Qaimi, Managing […]
Stéphane Monier, Chief Investment Officer at Lombard Odier: outlook for the S&P 500, it will finish 2023 with a 50-point decline from its current level
Global Experts discuss “Growth Opportunities in Today’s Economy” at Investopia 2023 Annual Conference Abu Dhabi, United Arab of Emirates, 3, March 2023: Discussing latest trends and opportunities in the fast-evolving landscape of the New Economy, the session, titled “Growth Opportunities in Today’s Economy”, brought together experts and thought leaders from various industries to discuss the latest […]
New Economy Takes Center Stage at Investopia 2023 Annual Conference
Abu Dhabi, United Arab of Emirates, 3, March 2023: Investopia 2023 conference hosted a session, titled “Mobilizing New Economies”, which brought together government officials, experts and thought leaders from various industries to discuss the latest trends and opportunities in the fast-evolving landscape of the New Economy. The panel discussion hosted His Excellency Omar Al Olama, […]
Investopia Conference 2023 Underlines the Global Paradigm Shifts Driven by Fintech Revolution
Abu Dhabi, United Arab of Emirates, 03, March 2023: Bringing UAE’s role in Fintech innovation, the use of Stablecoins, and the potential for blockchain technology to revolutionize financial infrastructure, industry leaders of digital finance from around the world came together in a session titled “Fintech Revolution” at Investopia Conference 2023. The discussion was led by H.E. […]
Investopia 2023 Annual Conference Explores Unlocking the Potential of Emerging Markets
Abu Dhabi, United Arab of Emirates, 3 March 2023: Speakers from around the world explored in a session titled “Uncovering the Potential of South-South Investments in Emerging Markets” how to mobilize capital to convert discussions into real initiatives and energy that will translate to deals at the Investopia Conference 2023. The discussion was led by Khawaja Aftab Ahmed, […]
Marketing to Youth: Arab World’s first-ever marketing event tailored to youth announced with a spirited agenda
The growing influence of younger generations on regional branding decisions encouraged Communicate ME — a subsidiary of NordStella — to launch Arab World’s first-ever marketing event tailored to youth, in KSA March 2nd, Riyadh, KSA: Communicate ME, a Dubai-based multi-format platform specializing in marketing and advertising content, shared details of its upcoming maiden ‘Marketing to Youth’ […]
Biban 2023: Saudi Arabia’s largest SME conference hosts final round of Entrepreneurship World Cup and other major highlights
Riyadh, Saudi Arabia, 2 March 2023: Biban, Saudi Arabia’s largest start-up, SME, and entrepreneurship conference, takes place between March 9 and March 13, 2023, at the Riyadh Front Exhibition & Conference Center. Biban held its first edition in 2017, and is organized by Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of […]
Mastercard to empower the Kingdom’s ecommerce merchants and consumers with greater choice and innovation
Riyadh, Saudi Arabia – 28 February 2023 – Mastercard has announced the launch of new payment flows designed to enhance online payment solutions through the Mastercard Payment Gateway Services (MPGS) technology. The new proposition will be rolled out to local ecommerce merchants with support from key players in the industry such as Amazon Payment Services and Checkout.com. Among the many benefits to […]
MODON Signs MoU with Tabadul to Bolster Cooperation in Technology, Transport, and Logistics
The Saudi Authority for Industrial Cities and Technology Zones (MODON) announced signing a memorandum of understanding with the Saudi Company for Electronic Information Exchange (Tabadul) to enhance cooperation and exchange expertise for developing innovative solutions to drive the industrial and logistics sectors. The MoU was signed by MODON CEO Eng. Majed Al-Argoubi and Tabadul CEO Mr. Majed bin […]
The future supply pipeline for the Kingdom’s office sector remains relatively healthy in 2023 amid demand for hybrid work models and co-working spaces: JLL
Hybrid work models, sustainability and technology among key trends influencing Saudi commercial real estate; demand for co-working and serviced offices growing Riyadh, Saudi Arabia; February 27, 2023 – With Saudi Arabia cementing its position as an attractive hub for multinational corporations (MNCs) and start-ups, the future supply pipeline for 2023 is expected to be relatively healthy […]