Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
MEA Proptech Summit to Kick off on November 21 in Bahrain
Manama, Bahrain – 16 November 2022: The MEA Proptech Summit is set to take place on November 21-22 at the Four Seasons Hotel, Bahrain Bay. The summit is organized by Cityscape, in partnership with the Real Estate Regulatory Authority (RERA) Bahrain and ME Proptech Initiative. High-level dignitaries that will be speaking amongst more than 30 […]
His Excellency the President of the Republic of Guinea receives the CEO of the Saudi Fund for Development
Conakry – November 15, 2022 His Excellency the President of the Republic of Guinea, Colonel Mamady Doumbouya, today received the CEO of the Saudi Fund for Development, His Excellency Mr. Sultan Abdulrahman Al-Marshad, and his accompanying delegation in Conakry. The meeting was attended by His Excellency the Ambassador of the Kingdom of Saudi Arabia to […]
Kyndryl Saudi Arabia discusses the role of technology in accelerating digitization
RIYADH, Saudi Arabia – November 14, 2022: Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, today expressed its unwavering commitment to help drive digital transformation, supporting Saudi Arabia’s economic diversification masterplan, Vision 2030, during the Company’s first local press briefing. Saudi Arabia’s Vision 2030 is one of the most ambitious reform programs in […]
WadzPay and Geidea Team Up to Reimagine a Cutting-edge Payments Experience for Pilgrims
Riyadh, KSA:14 November, 2022– Geidea, a leading fintech company in Saudi Arabia and WadzPay Middle East Technology (affiliate of WadzPay Worldwide) have forged a new strategic partnership to power the transformation of pilgrimage payments. Geidea is utilizing the issuance of an e-money wallet, specifically for Hajj and Umrah, to be used in over one million […]
New Global Report Demonstrates FedEx Economic Impact
In Asia Pacific, Middle East and Africa (AMEA), FedEx indirectly contributed to net economic output worth US$3.8 billion across the AMEA region’s economy in FY 2022 – a 12% increase over FY 2021 Dubai, UAE, November 14, 2022 – FedEx Corp. (NYSE: FDX) released the findings from its 2022 report that analyzed the company’s impact on […]
Safari Holding signs exclusive PropTech deal with UAE-based HITEK
Leading Riyadh-based business group signs exclusive five-year agreement to market HITEK’s in-house technology throughout the Kingdom of Saudi Arabia Leading UAE-based smart property management solutions company HITEK Services, which is part of the Farnek group of companies, has signed an exclusive five-year partnership agreement with Riyadh-based Safari Holding. The contract which was signed at the Safari Group’s head office […]
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DISCOVER THE FUTURE OF WORK AT HR SUMMIT & EXPO 2022
The HR Summit & Expo 2022 is aimed at sharing industry insights and practices driving company culture with this year’s theme focused on the ‘New Rules of Work’ 14th November 2022, Dubai, United Arab Emirates: The 20th edition of the HR Summit & Expo 2022(HRSE), taking place from the 15th to the 16th of November at Za’abeel Hall 5-6, […]
EY: MENA region records 524 M&A deals worth
US$55.2 billion in 9M 2022Dubai, UAE – 14 November 2022: The MENA region witnessed 524 deals worth US$55.2 billion during the first nine months of the year, according to the latest EY MENA M&A Insights report. Rising inflationary pressures, dampening economic demand and global market disruptions resulted in moderate growth in deal activity of 6% year-on-year (YoY) while deal value slipped […]
ACCIONA INTRODUCES CUTTING-EDGE CONSTRUCTION MATERIALS IN ITS WORKS TO CUT EMISSIONS BY 36%
DUBAI, NOVEMBER 03, 2022. ACCIONA will reduce by 36% the carbon footprint generated by two construction projects—a public school in Torrevieja (Alicante) and a submarine dock in the Naval Base of Cartagena (Murcia)—thanks to the use of state-of-the-art, low-emission green concrete and steel, as well as the implementation of other measures such as the use of […]
Demand for specialised cleaning continues to grow as investment in ME&A data centres exceeds $ 6.6 billion in 2021
Dubai-based sustainable and technology-driven home maintenance specialist Hitches & Glitches (H&G), part of the Farnek Group, is witnessing a significant rise in demand for specialised cleaning, especially for the region’s booming data centre business. Demand for data centre cleaning is surging due to rapid rise in digital businesses throughout the region. Dependable data centres are vital, especially with the […]
JAGGAER launches Amplify Global Alliance Partner Program in the Middle East by signing a new partnership with Alpha Data
Dubai, United Arab Emirates, 10 November 2022: JAGGAER, the global leader in Autonomous Commerce, has officially launched the company’s Amplify Global Alliance Partner Program in the Middle East region. The first company in the UAE to partner with JAGGAER is Alpha Data, one of the leading Digital Transformation providers & System Integrators in the Middle East with […]
Agility Saudi Warehouse is First to Earn EDGE ‘Green Building’ Status in GCC
State-of-the-art Riyadh warehouse recognized for energy-efficient design RIYADH – NOV. 9, 2022 – Agility, a supply chain services, infrastructure and innovation company, announced that a warehouse at its Agility Logistics Park complex in Riyadh is the first building in Saudi Arabia as well as the first warehouse in the GCC to receive EDGE Advanced certification as a […]
Finastra and Modefin partner to provide best-in-class fintech solutions for banks in Africa and selected Indian subcontinent markets
Partnership will help banks accelerate growth with market-leading trade and supply chain finance, core banking and digital delivery solutions London, UK – November 9, 2022 – Finastra, a global provider of financial software applications and marketplaces, and Modefin, a global fintech solution provider helping banks to thrive in the digital age, today announced their partnership to offer Finastra’s Fusion […]
Aklaniat Technologies (Mindware) Launches B2B eCommerce Website as Part of Digital Transformation Initiatives
RIYADH, Saudi Arabia, Wednesday, 09 November, 2022 – Aklaniat, one of the leading Value Added Distributors (VADs) in the Saudi market, today announced the launch of its B2B eCommerce website, Aklaniat Store, in the Kingdom of Saudi Arabia. This is in line with the company’s digital transformation strategy and the current market trend to complement traditional business […]
BMW Group reveals strong performance in Q3
Munich. BMW Group in the Middle East is delighted to report a strong performance for the third quarter of 2022. Despite the rising costs of raw materials and energy, BMW Group has been able to produce solid financial results in an uneven economic environment. “Compelling products are the best answer to a challenging environment,” said […]
Global experts to converge in UAE for the HLB Emerging markets 2022 conference
UAE – 7th November 2022: Known for pushing the bar of excellence over the last two decades, HLB HAMT, the region’s leading audit and advisory services provider is bringing together their experts for the Emerging Markets 2022 conference from 9th to 12th November 2022 at the Anantara Eastern Mangroves Hotel, Abu Dhabi. Scaling new heights using technology as the heart of the business, HLB HAMT has curated a […]
PYYPL ACCELERATES GROWTH WITH $20 MILLION SERIES B INVESTMENT
Abu Dhabi, UAE, 7 November 2022 – Pyypl – pronounced “People” – the Middle East and Africa (MEA) focused financial services platform and Hub71 company has closed its target Series B raise of $20 million from a diverse group of international investors and ten existing investors. Pyypl is considering opening a second tranche for further investment due to […]
Group-IB teams up with Versos to host first Fraud Day – Saudi Arabia amid surge in digital fraud in MEA
Riyadh, 07.11.2022 — Group-IB, one of the global leaders in cybersecurity, teamed up in late October with its partner Versos to host the first ever Fraud Day — Saudi Arabia in Riyadh, an innovative event organized in collaboration with the Saudi Banking Committee for Information Security (BCIS), that brought together thought leaders and representatives from leading Saudi Arabian, Middle Eastern, and […]
stc pay concludes its participation in Seamless 2022 with the signing of 9 MoUs
Riyadh: 6 November 2022 stc pay, the leading digital wallet, concluded its participation as a diamond sponsor at the Seamless 2022 Conference which took place in Riyadh, from November 2 to 3. stc pay showcased its latest services and solutions which paves the way towards a cashless society and to raise digital financial transaction rates […]
Amazon Payment Services Shares Insights into the Future of Payments in the Kingdom at Seamless Saudi Arabia 2022
Riyadh, Saudi Arabia, November 6th, 2022 – Amazon Payment Services, a regional leader in digital payments operating across the Middle East and North Africa (MENA) with a mission to empower online businesses with a simple, affordable, and trusted payment experience, addressed an audience of fintech innovators and business leaders at Seamless Saudi Arabia 2022 to share […]
Saudi Arabia’s Future Minerals Forum Promotes New Super-Mining Region at Australia’s International Mining and Resources Conference
Riyadh, Saudi Arabia, November 04, 2022 – Following a highly successful first edition, Saudi Arabia’s Future Minerals Forum (FMF) participated in the International Mining and Resources Conference (IMARC) in Sydney, Australia, which ran between 2 – 4 November. FMF introduced its vision for shaping the future of the sector at the leading industry event and promoted […]
Thakher Development Company in Makkah Signs an Agreement with Saudi British Bank (SABB)
Jeddah 2 November 2022 – Thakher Development Company, the master developer of the master plan and infrastructure of Thakher Makkah project, announced signing an agreement with the Saudi British Bank (SABB). The agreement offers Thakher’s customers a wide range of finance solutions including financing off-plan sales, in line with the company’s mandate to meet the customers’ […]