Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Johnson Controls to showcase its integrated solutions for the Petrochemical and Oil & Gas (POG) industry at ADIPEC
The company will display its cutting-edge Fire Protection, Fire Detection, Security, and Telecommunications Systems in the show Dubai, United Arab Emirates, 19 October 2022: Johnson Controls, the global leader for smart, healthy, and sustainable buildings, is participating at Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2022) slated to take place from October 31st to November 3rd. […]
ACCIONA GETS THE REGIONAL HEADQUARTERS CERTIFICATION FOR ITS WATER SOLUTIONS OFFICE IN RIYADH
The Kingdom of Saudi Arabia has become a key country for ACCIONA’s strategy in the Middle East region, predominantly in water treatment RIYADH, OCTOBER 4, 2022. ACCIONA, leader in the provision of regenerative solutions for a decarbonized economy, has recently open its regional headquarter for its water solution in Riyadh. The Regional Headquarter (“RHQ”) Programme is […]
UBCI BANK-Union Bancaire pour le Commerce et l’Industrie selects Finastra to provide next-generation digital customer experience
Finastra’s corporate banking solution will deliver deep functionality across trade and cash management services for UBCI customers in Tunisia Dubai, UAE – October 19, 2022 – Finastra today announced that Union Bancaire pour le Commerce et l’Industrie (UBCI), a large Tunisia-based corporate bank, has selected Finastra’s Fusion Corporate Channels to support trade and cash management. The best-in-class […]
UAE Smart B2B Tech Startup GROCART Revolutionizes Retail Supply Chain Logistics within the UAE
Post-pandemic Grocart Boosted Operations of Over 1000 One-Stop-Shops in the UAE helping them thrive and survive ( Dubai, 19 Oct 2022) Grocart is a smart B2B wholesale marketplace, founded by Hussein Hosni (Co-Founder & CEO) and Nesma Zaghow (Co-Founder & COO) both of whom come from a pharmaceutical background. Combining their professional skills, they cofounded […]
Thakher Development Company in Makkah Signs an Agreement with BIDAYA Home Finance
Thakher Development Company, the master developer of the master plan and infrastructure of Thakher Makkah project, announced signing an agreement with BIDAYA Home Finance, one of the leading companies in digital home finance. The agreement comes in line with Thakher’s commitment to offer its customers the best solutions, services, and products, such as home finance […]
Over 50% of people in Saudi Arabia say cross-border payments made in the last year helped family and friends through economic challenges
Mastercard’s Borderless Payments Report 2021/2022 reveals 73% of people in the Kingdom made cross-border payments in the last 12 months to financially support family, friends or children who live in a different country In Saudi Arabia, 48% say that families abroad are still struggling from the economic effects of the pandemic and require their financial support Almost one-third […]
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Alserkal Advisory harnesses power of cultural districts to address issues of climate crisis
New co-commissioning initiative includes participation of four cultural districts across the world, with local artists responding contextually to themes of global concern 18 October 2022 Dubai-based Alserkal Advisory has announced ‘A Feral Commons’, a new, co-commissioning arts project uniting cultural districts from the Global Cultural Districts Network (GCDN) across four continents, each one presenting a public art […]
National Petroleum Construction Company hosts groundbreaking ceremony for new fabrication yard in Saudi Arabia’s Ras Al Khair port
Eastern Province, KSA, 18 October 2022: National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (The Group), hosted a groundbreaking ceremony for a new 400,000 m² fabrication yard in Ras Al Khair port located in the Eastern province of Saudi Arabia. The ceremony was attended by senior representatives from NMDC Group, Saudi […]
Amazon opens its new corporate office in Riyadh
The new office reflects Amazon’s commitment to empowering customers, vendor partners, and employees in the Kingdom of Saudi Arabia, and to support social and economic growth across the region Saudi Arabia, 17 October 2022: Amazon.sa has unveiled its new office in Riyadh that houses employees from various sectors of the company’s operations in the Kingdom […]
2nd Annual edition of Huawei Innovation Day discussed how collaboration can unleash innovation for a sustainable digital future
H.E Dr. Mohammed bin Abdulaziz Al Ohali, President of King Faisal University, demonstrated the critical role of technology in forging a green, sustainable future, in accordance with the Saudi Vision 2030 focus on the sustainability pillar KSA – October 13th, 2022: Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, […]
2022 EUROMONEY SAUDI ARABIA CONFERENCE CONCLUDES SUCCESSFULLY WITH MORE THAN 1,000 FINANCIAL EXPERTS GATHERED UNDER ONE ROOF
The conference held sessions with leading industry figures including Minister of Finance, Minister ofMunicipality, Rural Affairs and Housing and Chairman, Capital Market Authority (CMA) More than 1,000 delegates attended with 200 participants flying in from abroad Riyadh, Saudi Arabia – October 17, 2022: Over a thousand delegates from more than 30 countries gathered in Riyadh on […]
Juniper Networks Appoints New Chief Revenue Officer
Chris Kaddaras will Lead Sales and Field Operations Globally for the Company Dubai, United Arab Emirates – Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, announced today that effective October 17, 2022, Chris Kaddaras has been named Executive Vice President and Chief Revenue Officer, reporting to Chief Executive Officer, Rami Rahim. Mr. Kaddaras will be […]
SFD provides a soft loan to light roads using solar energy in the Central African Republic
Soft loan agreement signed during SFD’s participation in the annual meetings of the International Monetary Fund and the World Bank Washington D.C, October 13, 2022 Today — in Washington, D.C. — the CEO of the Saudi Fund for Development (SFD), Mr. Sultan bin Abdulrahman Al-Marshad, and H.E Felix Moloua, the Minister of State in Charge […]
Leading in Cloud Native, Huawei Cloud Unleashes Digital with 10 New Services
[Dubai, UAE, October 13, 2022] For the first time in the Middle East and Africa region, the global HUAWEI CONNECT 2022 was held in Dubai, themed “Unleash Digital”, gathering industry leaders, experts, partners, and guests from the Middle East and Africa to share their thoughts on technological innovation, ecosystem collaboration, and digital transformation. Ken Hu, […]
HUAWEI CONNECT 2022 in Dubai: Innovative Infrastructure Drives Industrial Digital Transformation
Dubai, UAE, October 13, 2022: More than 3,000 industry stakeholders gathered together at HUAWEI CONNECT Dubai, to discuss “Innovative Infrastructure to Unleash Digital”. Representatives from Huawei and other organizations shared their latest digitalization practices, exploring new paths to industrial digital transformation. Ken Hu, Huawei’s Rotating Chairman, delivered a keynote outlining three ways the ICT ecosystem […]
NEW ESG INTELLIGENCE REPORT CHARTS GROWING ROLE OF SUSTAINABLE FINANCE IN THE GULF
Oxford Business Group and National Bank of Kuwait team up for latest research tool on sustainable banking Kuwait City, September 2022: A new environmental, social and governance (ESG) intelligence report, produced by Oxford Business Group (OBG) in partnership with the National Bank of Kuwait (NBK), highlights the key role that sustainable finance is set to play as a facilitator of […]
Investopia to host a special event about “The Future of Investment in Sports” on 7-8 December
In partnership with WCS and within the context of FIFA World Cup 2022 Dubai, United Arab of Emirates, 12 October 2022 Investopia, the global investment platform launched by the UAE Government in September 2021, announced that it will host a special event under the theme “The Future of Investment in Sports” within the context of […]
Honeywell And Avaya Collaborate To Advance Emergency Response In Smart Cities Across the Middle East
GITEX Global – Dubai, United Arab Emirates – October 12, 2022 – Honeywell (Nasdaq: HON) and Avaya (NYSE: AVYA) have signed a memorandum of understanding (MoU) to help advance the emergency response capabilities of regional law enforcement and smart city organizations. The agreement supports the integration of the Avaya OneCloudTM experience platform with the Honeywell City Suite to help regional governments accelerate their […]
ROSHN awarded ‘Biggest Housing Project in the Western Region’ during Restatex 2022
The award acknowledges ROSHN’s achievement with the landmark ALAROUS project, breathing new life into northern Jeddah with 18,000 new homes· As a diamond sponsor of Restatex, ROSHN aims to unlock business and investment opportunities across the Kingdom’s dynamic real estate sector Riyadh, 10 October 2022: ROSHN, the Kingdom’s leading real estate developer bringing new, sustainable modes […]
GITEX leads global tech communities to Africa for historic launch in the world’s next biggest digital economy
GITEX AFRICA marks first international venture for world’s mega tech showcase, in partnership with Morocco’s Digital Development Agency New geographic launch spearheaded by KAOUN International, the overseas events organising company of Dubai World Trade Centre Organiser says the time is now for Africa and urges the global tech community to “Go There” Dubai, UAE, 11 […]
2nd Annual edition of Huawei Innovation Day discussed how collaboration can unleash innovation for a sustainable digital future in Middle East and Africa
Sustainable development, ICT talent cultivation and empowering women in technology was a key highlight of Huawei MEA Innovation Day 2022 Middle East – October 11th, 2022: Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, today held the second annual Huawei Innovation Day with customers, partners and technology experts from […]
Omar Al Olama: Expand North Star a strategic catalyst for the digital economy reflecting GITEX GLOBAL impact on the tech industry
Expand North Star hosted by Dubai Chamber of Digital Economy to launch in May 2023 Dubai, UAE, 11 October 2022: His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, and Chairman of Dubai Chamber of Digital Economy stated that the UAE and Dubai have long consolidated […]