Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
The Minister of Human Resources and Social Development crowns stc Group with 4 awards
During the labor awards Riyadh, Nov 3rd 2022: stc Group and its subsidiaries, channels by stc and solutions by stc attained 4 awards within the nationalization and work environment categories, during the 2nd edition of the labor awards, after competing with 10,000 private organizations. His Excellency the Minister of Human Resources and Social Development, Eng. Ahmed bin Sulaiman […]
Geidea launches integrated point-of-sales solutions in Saudi Arabia to revolutionize F&B and retail operations
Leading fintech company, Geidea launches its fully-integrated, cloud-based POS system at Seamless Saudi Arabia Geidea taps into KSA’s thriving F&B sector, which is home to more than 52,000 restaurants and cafes Riyadh, Saudi Arabia, 03 November 2022: Geidea, a leading fintech company in Saudi Arabia, has announced the launch of its flagship integrated point-of-sales solution with […]
Najm Takes Part in Fifth Saudi International Conference on Occupational Safety and Health
Champions Innovative Digital Solutions to Enhance Traffic Safety Riyadh, KSA: November 3rd, 2022 Najm for Insurance Services participated in the “Fifth Saudi International Conference on Occupational Safety and Health”, held for three days at “Riyadh International Convention and Exhibition Center” starting October 3,2022, in conjunction with the Fourth Arab Conference on Occupational Safety and Health. Within the Strategic […]
The Sustainable City – Yiti wins two accolades at the prestigious Dossier Construction Awards and Summit
In recognition for setting a global benchmark in sustainable development Organized under the auspices of the Ministry of Housing & Urban Planning, the high-profile annual event, celebrates the highest-level achievements across the construction, infrastructure and real estate sectors. The award ceremony was attended by H.E. Dr. Khalfan Al Shueili, Minister of Housing & Urban Planning, […]
stc pay is the Diamond Sponsor for Seamless 2022 #SeamlessKSA
RIYADH, Nov 2, 2022 stc pay, MENA’s most prominent digital wallet and a leading regional operator in fintech providing innovative and secure digital financial services, is one of the main participants and diamond sponsors at this year’s Seamless 2022 expo. Seamless is Saudi Arabia’s most significant, boldest, and best event covering the latest innovation in payments, […]
Zain KSA achieves SAR299 million in net profit at end of Q3 2022
Posting 109% profit growth in the first nine months Zain KSA recorded 109% growth in net profit during the first nine months of 2022, compared to the corresponding period 2021, as revenue amounted to SAR6,7 billion by the end of Q3 2022. With these results, Zain KSA continues to reflect positive financial performance, backed by a strongoperational and investment performance and an improved customer experience that leverages the latest digital services. The results are attributed to Zain KSA’s efforts to further deepen the 5G experience […]
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National Bank of Kuwait Delivers Digital Customer Experiences with Avaya
NBK significantly improves time-to-market for new, advanced banking services with Avaya contact center solution. Kuwait City, Kuwait – November 2, 2022 – National Bank of Kuwait (NBK), Kuwait’s first indigenous bank and the Gulf region’s first shareholding company, has used Avaya (NYSE: AVAYA) technology to digitally transform its contact center and deliver personalized, effortless experiences across […]
Qawafel Company Signs A Strategic Partnership with Rewaa platform specializes in Inventory and Sales Management
Riyadh, 1st November 2022: Qawafel Company, a B2B marketplace that specializes in linking wholesalers and points of sale in the confectionery sector in the Kingdom of Saudi Arabia, announced that it had signed a strategic agreement with Rewaa Company, one of the leading providers of cloud software that serves the retail sector. The agreement was […]
PayTabs, Digital Pay merge to launch super payments platform
PayTabs — Middle East, Africa, and South Asia’s (MEASA’s) award-winning payments powerhouse — in a historic move announced that it plans to acquire a 100% stake in Digital Pay, Saudi Arabia. Under the terms of the acquisition, Digital Pay will serve as PayTabs’ flagship point of sale (POS) terminal product, enabling and augmenting millions of e-commerce and […]
Trends Shaping Sustainability Innovation in 7 Industries Across the Middle East
By Tom De Waele, Middle East Managing Partner, Bain & Company, Akram Alami, Partner & Middle East ESG Lead, Bain & Company and Truc Mai Dupont Vohong, Vice President, Bain & Company Coming out of Bain’s participation this year at Future Investment Initiative’s (FII) 6th edition in Riyadh where experts came together to have in-depth conversations […]
invygo raises $ 10 million Series A round led by MEVP to drive financial inclusion through its car subscription platform
Regional and global roster of investors include Al Rajhi Partners, Arab Bank, Amana Capital and Palm Drive Capital Signal Peak Ventures and Knollwood Investment Advisory return as investors once again With over 4x growth YoY, invygo will enable access to mobility across KSA and UAE, disrupting the GCC auto industry which is set to grow […]
WTTCO turns its sustainability ambition into action by leveraging IBM Consulting capabilities
WTTCO modernizes its core business processes in-line with the Kingdom’s Vision 2030 Riyadh, KSA – 31 October, 2022: IBM announced today that Water Transmissions and Technologies company (WTTCO), the only water transmission company owned by the Saudi government selected IBM Consulting to automate more than 175 of its core business processes across domains, including finance, HR, supply chain, […]
stc pay is the Main Sponsor of Riyadh Season for 2nd Year in a Row
stc pay is one of the main sponsors again for the upcoming Riyadh Season stc pay is taking part in Riyadh Season in 3 main zones Riyadh, October 31, 2022: In collaboration with the General Entertainment Authority, stc pay is participating in the Riyadh Season 2022 as the primary sponsor. stc pay is joining three […]
Kyndryl Expands Technology Strategy and Integration Services to Enable Customers’ Digital Transformation
Kyndryl’s Outcome-led Consulting and IT Modernization Services Support Continuous Innovation Dubai, UAE, 31 October 2022 – Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, announced Kyndryl Consult, which combines Kyndryl’s longstanding consulting expertise with industry-leading technology integration solutions. With a global team of highly skilled consultants, architects, specialists and program professionals, Kyndryl Consult will […]
HYKE’s App-Based Digital Distribution Platform Integrates Digital Payments, Making It Easier And More Convenient For Users
Dubai, United Arab Emirates, 30th October 2022 – HYKE, the app-based digital distribution platform that uses AI to power its operations, has announced a new payment integrating into its platform. With this integration, retailers in the UAE will be able to utilize the app to settle payments quickly and easily with no additional costs. This is […]
PEPSICO HIGHLIGHTS KEY INITIATIVES IN SAUDI ARABIA AT ITS ANNUAL GATHERING IN LINE WITH ITS WINNINING WITH PEPSICO POSITIVE STRATEGY
Her Royal Highness Princess Reema Bandar Al Saud speaks to the power of collaboration as the official keynote speaker at the event The event underlines the importance of partnerships to realizing the Kingdom’s potential Riyadh, Sunday, October 30, 2022 – Her Royal Highness Princess Reema Bandar Al Saud, the Saudi Arabian Ambassador to the United States, was the […]
Visa to open state-of-the-art Innovation Center in Kingdom of Saudi Arabia
New Riyadh innovation hub is the latest addition to Visa’s global innovation network, providing cutting-edge environment to co-create future digital payment solutions Opening of Innovation Center in Visa’s largest GCC market continues investment in Saudi Arabia, supporting rapid digitization in commerce and global money movement Riyadh, Saudi Arabia, 27 October 2022: Visa (NYSE: V), the world’s […]
Value-fashion brand REDTAG continues KSA expansion spree, adds two flagship outlets in Jeddah with attractive introductory offers
REDTAG, the Middle East’s leading value-fashion and homeware brand, is now accessible on Heraa Street and Al Jamea Plaza — shopping centres at the heart of Jeddah’s burgeoning economy and sociocultural scene October 29th, Jeddah, KSA: REDTAG, the Middle East’s favourite value fashion and homeware brand, has launched its flagship concept stores on Heraa Street and […]
Napier Introduces Advanced Financial Crime Risk Management Platform, Napier Continuum
Next-generation SaaS platform launched to help financial institutions easily gain a dynamic view of financial crime risk, furthering Napier’s mission to empower compliance teams. LONDON–(BUSINESS WIRE/AETOSWire)– Napier, provider of leading anti-money laundering and compliance technology, today launched a new advanced financial crime risk management platform that offers high levels of automation whilst improving the efficiency and […]
With more than 90% of the GCC’s population connected to the internet, neobanks expected to record accelerated growth in the region
The sector’s valuation is to grow to $3.45 billion by 2026 as the result of a boom in terms of growth rates for digital payments and digital remittances. Riyadh, October 27, 2022 — Neobanks, often referred to as challenger banks operate under the umbrella of mainstream finance but are supercharging specific services long associated with veteran […]
nogaholding Appoints Boston Consulting Group to Support National Energy Strategy Development
Manama, Bahrain – 27 October 2022: The Oil and Gas Holding Company B.S.C (“nogaholding”) has appointed the Boston Consulting Group (BCG), one of the world’s leading management consulting firms, to assist in the development of a National Energy Strategy for the Kingdom of Bahrain and build a supporting Operating Strategy for nogaholding and its portfolio companies. […]
Tourism Development Fund Signs Financing Agreement with Dana Bay Tourism Company to Develop Mixed-use beach Resort Project in the Eastern Province
Riyadh, Saudi Arabia, October 27, 2022 – The Tourism Development Fund (TDF) signed a financing agreement with Dana Bay Tourism Company, to participate in financing a closed real estate fund worth SAR 644 million. The agreement aims to develop a mixed-use beach resort project that enjoys a unique location on the Eastern Province containing luxurious villas […]