Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
SAS Fortifies the Fight Against Money Laundering
Dubai, United Arab Emirates, 14 December 2022: It is believed that 2% to 5% of global GDP, or US$800 billion to US$2 trillion, is laundered annually, and this is a conservative estimate. Money laundering is often associated with illicit weapons sales, smuggling, embezzlement, insider trading, bribery, and computer fraud schemes. It is also prevalent in […]
APPETITO & JUMLATY ANNOUNCE MERGER TO JOIN FORCES WITH NOMU, MENA’S LEADING GROCERIES APP
Riyadh, Kingdom of Saudi Arabia, December 13th 2022: Two foodtech eGroceries startups, Saudi-based Jumlaty and Egypt-based Appetito, announce their merger into a new entity, NOMU. Aiming to become MENA’s leading food-tech supply chain platform, NOMU is currently present in Saudi Arabia, Egypt, Tunisia and Morocco, with the capacity to cover the existing infrastructure of 25 million people […]
Amazon hosts brand protection workshop with Zakat, Tax and Customs Authority (ZATCA) and the Saudi Authority for Intellectual Property (SAIP)
The workshop provided key insights into Amazon’s advanced tools that protect brands and customers against counterfeit goods Saudi Arabia — December 13, 2022: Amazon Saudi Arabia hosted a workshop with key government entities in the Kingdom, including the Zakat, Tax and Customs Authority (ZATCA) and the Saudi Authority for Intellectual Property (SAIP), on how Amazon protects brand […]
ROSHN acquires Riyadh Front, expanding its footprint in the capital
· The initiative is the latest step in ROSHN’s journey to become a multi-asset class real estate developer and manager of global significance· The acquisition enables ROSHN to offer residents of its adjoining SEDRA community access to new amenities, retail promotions, and loyalty schemes Riyadh, 13 December 2022: ROSHN, the national real estate developer bringing a […]
Geidea enters the metaverse in collaboration with Magnati
Riyadh, KSA, 13 December 2022: Geidea, a leading fintech company in the region, has partnered with Magnati – a leader in the payments solutions industry – to enable merchants to provide seamless customer experiences in Magnati MetaV – the first metaverse marketplace in the MENA region. Magnati MetaV is a virtual platform where people can […]
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anb successfully implements Disaster Recovery Orchestration and Automation with Kyndryl
anb becomes the first bank in KSA to adopt patented Kyndryl Resiliency Orchestration RIYADH, Saudi Arabia, 13 December 2022– anb, a leading banking institution in the Kingdom of Saudi Arabia (KSA), today announced its collaboration with Kyndryl (NYSE), the world’s largest IT infrastructure services company, to support its digital transformation, as well as its resiliency strategy. Since its founding in 1979, anb […]
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GoDaddy Shares Tips to Help Small Businesses During the Holiday Season
By Selina Bieber, Commercial Strategy Senior Director, International Markets – GoDaddy Jeddah, 12 December 2022: GoDaddy Inc. (NYSE: GDDY), the company that helps entrepreneurs thrive, shares tips and ways to help small business owners achieve growth for their online businesses during the busy holiday season. As 2022 draws to a close, small business owners have the […]
Odoo joins the UAE Ministry of Economy’s efforts to support the growth of startups and SMEs
Odoo to offer cloud-based ERP solutions to SMEs in line with The Entrepreneurial Nation program Dubai, UAE, December 12, 2022 – Odoo, a global leader in open source all-in-one business software, joins The Entrepreneurial Nation program to empower and scale up small and medium businesses in the United Arab Emirates. The program was launched by The […]
ROSHN launches sales for ALAROUS, an urban community that brings a new way of living to the Kingdom’s Western Region
● ROSHN is intended to ease the path to homeownership for Saudi citizens● ALAROUS, the new community, brings ROSHN’s vision for better living to the Kingdom’s beautiful west coast RIYADH, 12 December 2022: ROSHN, the national real estate developer bringing new, integrated modes of living to the Kingdom, has launched sales for the first phase of […]
Emirates NBD officially launches state-of-the-art bank branch in Jeddah Tahliah
Jeddah, 12 December 2022: Emirates NBD, the leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has taken another important step towards providing people and communities across the Kingdom of Saudi Arabia with more access to world class banking services with the official opening of its new Jeddah Tahliah branch. To mark […]
Juniper Networks Survey Outlines the Need for Sustainable Network Infrastructure Transformation
Employees committed to change but demand more positive action and greater understanding from leadership Dubai, December 12, 2022 – Juniper Networks, a leader in secure, AI-driven networks, today released findings showing that, while sustainable network infrastructure policies are currently being implemented across Middle East, a knowledge gap remains when it comes to understanding the real imperatives, issues […]
Pfizer Saudi moves its Saudi headquarters to KAFD
Riyadh, Saudi Arabia, 11th December 2022 – Pfizer Saudi Arabia is the latest global organization to move its Saudi headquarters to KAFD. The global biopharmaceutical company joins international firms such as Roland Berger and BUPA at Riyadh’s business and lifestyle destination. KAFD, the landmark development, is a key driver of Riyadh’s economic ambitions. Set in the […]
HOTDESK EYES EXPANSION IN THE KINGDOM OF SAUDI ARABIA
On-demand workspace booking platform, Hotdesk, looks to build on rapid growth in UAE and Egypt to transform the future of work with its ‘work 3.0 model’ Major infrastructure projects such a NEOM in Saudi Arabia, drive demand for flexible co-working space Dubai, United Arab Emirates, 9th December 2022: Hotdesk, the global on-demand workspace booking platform, that provides […]
The CEO of Thakher Development Company Receives the “Real Estate and Construction Leader of the Year” Award 2022
Eng. Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company, received the “Real Estate and Construction Leader of the Year” award 2022 under the Business Leaders category at the Gulf Business Awards 2022 which took place in Dubai, United Arab Emirates, and organized by Gulf Business magazine. During the ceremony Mr. Hattan Samman, Vice President […]
Thales addresses inclusivity with its ‘Voice Payment Card’
A payment innovation that brings autonomy and convenience to visually impaired people Dubai, United Arab Emirates, 07 December 2022: Today, most banking services are not adapted for people with disabilities. 90% of visually impaired people have once in their life faced fraud or encountered a mistake at a point of sales. This statistic prompted Thales to […]
Atos opens New Global Delivery Center in Cairo
Prime Minister along with the Minister of Communications & IT witness signing agreement between Atos and Egypt’s ITIDA to expand Atos’ operations in Egypt The new GDC provides cutting-edge, best-in-class digital services to clients across the globe Cairo, Egypt – Atos today announces the opening of its new Global Delivery Center (GDC) facility in Cairo, Egypt concluded in a formal signing ceremony together with the Egyptian Prime Minister, Mr. Mostafa Kamal Madbouly, and Egypt’s Minister of Communications and Information Technology, Dr. Amr Talaat. […]
Saudi Arabia’s construction sector remains the strongest across the MENA region: JLL
· In the MENA region, the Kingdom witnessed the highest total value of project awards for four consecutive years· With Vision 2030 paving the way for a resilient Saudi construction sector, JLL’s Q4 2022 KSA Construction Market Intelligence Report examines opportunities and challenges in the KingdomRiyadh, Saudi Arabia; December 7, 2022: Saudi Arabia’s construction industry […]
UAE emerges as a global leader in appetite for financial services innovation, according to Finastra survey
Dubai, UAE – December 6, 2022 – Finastra research reveals that Open Banking is seen as unequivocally important in the UAE, with 4 in 5 financial institutions (80%) considering it a ‘must have’, up from 68% last year. Its extension, open finance, is seen as a ‘must have’ by 71% of respondents in the context of data […]
Bosch introduces an Integrated Asset Performance Management solution powered by Digital Twin in the Middle East region
The latest digital transformation solution from Bosch powered by Digital Twin running on Microsoft Azure, helps customers falling under industrial and energy infrastructure to predict the future by identifying bottlenecks and removing limitations thus improving decision-making to drive the business outcome. Dubai, United Arab Emirates – Bosch, a leading global supplier of technology and services, has […]
Geared Up: FedEx Goes All-In for the Holiday Season
FedEx provides shoppers and shippers a range of enhanced solutions ensuring reliability, visibility, and convenience Dubai, UAE, December 6, 2022 – The festive holiday shopping season is already in full swing and FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest transportation company, is going all-in to help shoppers and […]
To meet needs of customers by providing appropriate financing, Thakher Development signs cooperation Agreement with Bank Al-Bilad
Jeddah 5 December 2022 – Thakher Development, leading developer of Thakher Makkah Project’s infrastructure and master plan, has signed a cooperation agreement with Bank Al-Bilad. The agreement offers a host of innovative financing solutions as part of the shared efforts between Thakher and Al-Bilad to meet the needs and aspirations of customers by providing them with the best-in-class […]
stc & Oracle announce business partnership
Riyadh 30 Nov 2022: stc Group, a leading regional digital enabler and Oracle Corporation, multinational cloud and technology company have launched a partnership agreement enabling the two organizations to better serve both local and regional markets and support national digitalization objectives as part of KSA’s vision 2030. This announcement came after a visit by Oracle’s CEO […]