Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Almarai wins the award for the Best Shariah Compliant Deal for the year 2022
Almarai Company won the award for the Best Shariah Compliant Deal for the year 2022, during the 4th Annual Business Tabloid Awards held at Dubai, on the 19th of January 2023. The Almarai deal that won the “Business Tabloid” award was a long-term loan acquired from Three banks in the Kingdom of Saudi Arabia for […]
Panda Holds PACE with Suppliers to Tackle Global Inflation
Jeddah: Panda Retail Company yesterday held its first annual event for suppliers: “PACE” (Panda Annual Collaborative Event), at The Venue Jeddah Corniche Hotel. PACE focused on empowering people to live a better life, discussing the local and international impacts of inflation, and finding solutions to ensure consumers are protected from the worst inflationary effects. PACE was […]
Panasonic unveils its new Brand Action Slogan –
Create Today. Enrich Tomorrow.With the new brand action tagline, Panasonic reiterates its commitment to develop future-oriented solutions that enrich people’s lives and wellbeing while pushing sustainability to the fore Dubai, United Arab Emirates Panasonic Corporation has announced its new brand action slogan, “Create Today. Enrich Tomorrow”. With the new brand motto, Panasonic underscores its commitment to provide innovative products and solutions that […]
Deloitte Middle East partners convene in Dubai’s Museum of the Future to chart transformational plans
Dubai, United Arab Emirates – 28 January 2023: Over the past few days Deloitte Middle East held its annual partners meeting at the Museum of the Future in Dubai. The meeting brought together over 300 partners to engage in a series of keynotes, discussion panels and workshops focused on supporting the Middle East’s growth and national […]
Study Says UK Will Lose its Leadership Position in Open Banking by the End of the Year Without Focused Action
LONDON; Jan. 27, 2023 – A new report has claimed that the UK, the first mover and, until now, seen as a global leader in Open Banking, will lose that leadership position this year unless drastic action is taken. The Global Open Finance Index, a report released by Open Banking Excellence (OBE) is an in-depth, data-driven exploration of […]
Ready, Set, Go: The Second Edition of Rally Jameel Returns
Abdul Latif Jameel Motors, the authorized distributor of Toyota vehicles in Saudi Arabia since 1955, today announced details of the second edition of Rally Jameel – the region’s first-ever women’s-only navigational rally. The pioneering event will be hosted alongside Bakhashab Motorsport and is set to take place between March 07 – 11, welcoming all to participate. His […]
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Saudia Dairy and Foodstuff Co. reports strong third quarter financial results
26 Jan 2023, Jeddah, Saudi Arabia: Saudia Dairy and Foodstuff Co. (SADAFCO), the leader in the UHT (long life) milk market in the Kingdom of Saudi Arabia reported a significantly higher net profit of (43.5%) for the quarter compared to the same quarter last year. The company reported total profit SAR 78.3 million for the quarter, a 43% increase […]
HONEYWELL TO SHOWCASE LOCALIZATION, SUSTAINABILITY AND DIGITAL SOLUTIONS AT IKTVA FORUM 2023
RIYADH, Saudi Arabia, January 26, 2023 — Honeywell (Nasdaq: HON) will showcase digital technologies to support a sustainable energy transition and underscore its commitment to advancing Saudi Arabia’s localization initiatives at this year’s IKTVA Forum, which takes place from January 30 to February 2, 2023 at Dhahran Expo Center. Aramco’s IKTVA (in Kingdom Total Value Add) program is […]
Dar – the Master Civil Engineer for the Centralny Port Komunikacyjny Airport – Inaugurates Poland Office
Warsaw, Poland, 25 January 2023: On January 16, Dar Al-Handasah Consultants – Dar – inaugurated its new Poland office at Aleje Jerozolimskie 142 B 02-305, Warsaw. The move comes after the company began its design activities as the Master Civil Engineer on Poland’s new Centralny Port Komunikacyjny (CPK) Airport. The opening ceremony was attended by […]
Saudi reaffirms commitment to bridging global divides, driving energy transition, inclusive economic growth at WEF23
Riyadh, Saudi Arabia. 25 January 2023: Saudi Arabia reiterated its commitment to build bridges across geopolitical and economic divides at the World Economic Forum (WEF) 2023 Annual Meeting in Davos, Switzerland last week. His Highness Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs, led the Saudi delegation of nine ministers and high-level officials, […]
Foodics Integrates With KASO to Fully Digitalize Restaurants’ Inventory Management and Boost Operational Efficiency
24 January 2023, Riyadh, Saudi Arabia: FOODICS, the leading cloud-based restaurant management technology and payments platform in the MENA region, has announced it has entered into a strategic partnership with KASO, the leading B2B platform digitizing procurement between restaurants and food suppliers in the Middle East. This seamless integration between Foodics’ inventory management system and KASO’s […]
Bain & Company Partners with World Economic Forum to Tackle Climate Change in the Middle East and North Africa
The leading management consulting firm joins WEF to create a discourse to accelerate corporate climate action Dubai, United Arab Emirates—January 23rd, 2022— Bain & Company, the leading global management consulting firm, in partnership with the World Economic Forum launched last year, the Leaders for a Sustainable Middle East and North Africa Forum to accelerate corporate climate […]
Saudi National Bank partners with Mastercard and Saudi Esports Federation to transform esports in the Kingdom
Riyadh, KSA – January 22, 2023: Saudi National Bank announced a strategic partnership agreement with Mastercard and the Saudi Esports Federation (SEF) during the SEF Awards to accelerate Saudi Arabia’s digital transformation and enhance its gaming and esports infrastructure. The collaboration will build on Mastercard’s ongoing relationship with SEF to promote the Kingdom’s billion-dollar gaming industry. Together, the […]
Saudi, WEF launch innovation accelerator, explore collaborations in global metaverse village
Davos, Switzerland. 17 January 2023: A high-level delegation from Saudi Arabia participated in a multilateral meeting with the World Economic Forum’s (WEF) leadership at WEF’s 2023 Annual Meeting. His Highness Prince Faisal Bin Farhan Al Saud, Minister of Foreign Affairs, Her Royal Highness Princess Reema bint Bandar Al Saud, Ambassador to the United States of America, His Excellency […]
Bain & Company opens new Dubai office to accommodate expanding UAE and Middle East presence following rapid growth in business
DUBAI, UAE—January 18th, 2023—Bain & Company, the leading global management consultancy, announced today the opening of a new office in Dubai following significant expansion in headcount and client base in the region. The opening of the new office will see Bain move from its current location in Media City to state-of-the-art premises at One Central, […]
Discover the greatest Dubai Shopping Festival deals with HUAWEI AppGallery’s incredible selection of shopping apps
17 January, 2023: January is a big month for shopping in the UAE, and for good reason. The world-famous Dubai Shopping Festival (DSF) is in full swing, and the whole city is buzzing with shopping energy. From sizzling offers on popular designer brands, electronics, or jewelry to limited-time only exclusives for DSF, now it’s the […]
Darwinbox announces collaboration with Microsoft to redefine the future of work
Dubai, January 17, 2023: Darwinbox, the fastest-growing HR tech unicorn, today announced a collaboration with Microsoft to empower organizations globally and across the MENA with the right tools to succeed in the evolving world of work. The collaboration will include deep integrations between Darwinbox and the Microsoft product ecosystem, and co-innovation on solutions to enhance employee experience. […]
TOD Chooses TPAY for Mobile Payments
January 16, 2023: TOD, the fastest growing streaming platform for the Middle East and North Africa (MENA) has struck a strategic partnership with TPAY, the payments leader for the Middle East, Turkey, and Africa (META), allowing users to subscribe to its rich sports and entertainment content via their mobile numbers. The partnership will cover up […]
LG Releases Preliminary Earnings for Fourth-Quarter 2022
JEDDAH, January 15, 2023 — LG Electronics Inc. (LG) announced its preliminary earnings results for the fourth quarter and full year of 2022. The company’s annual revenue for 2022 surpassed KRW 80 trillion for the first time in its history. LG reported KRW 21.9 trillion in the fourth quarter of 2022, 5.2 percent higher than the […]
World Future Energy Summit Opens in Abu Dhabi Tomorrow
Abu Dhabi, UAE – 15 January 2023: The World Future Energy Summit – the 14th leading business event for future energy and sustainability – begins a three-day run at Abu Dhabi National Exhibition Centre (ADNEC) tomorrow (January 16) with global energy and sustainable stakeholders eagerly anticipating insights and outcomes to accelerate global and regional adoption […]
solutions by stc Awards Nutanix ‘Data Center Partner of the Year’
Riyadh, Saudi Arabia, 11 January 2023– Nutanix (NASDAQ: NTNX), a leader in hybrid multi-cloud computing, today announced that the company had been presented with the ‘Data Center Partner of the Year award by solutions by stc as a sign of the close collaboration between the two companies. Solutions by stc and Nutanix have been partnering to assist organizations in […]
Under patronage of Governor of Makkah Region
Minister of Hajj and Umrah: Kingdom has harnessed all technologies and innovative advancements to serve pilgrims and Umrah performersKingdom of Saudi Arabia – 10 January 2023 – His Royal Highness Prince Khaled Al-Faisal, Advisor to the Custodian of the Two Holy Mosques and Governor of Makkah Region has, together with His Royal Highness Prince Dr. Faisal Salman Abdulaziz Al-Saud, Governor of Madinah Region, inaugurated the Hajj and Umrah Services Conference and Exhibition “Expo […]