Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
AMAZON LAUNCHES INTELLECTUAL PROPERTY ACCELERATOR IN SAUDI ARABIA TO HELP SMALL AND MEDIUM-SIZED BUSINESSES TRADEMARK AND PROTECT THEIR BRANDS
IP Accelerator connects small and medium-sized businesses with a network of Amazon-curated Intellectual Property (IP) law firms for trademark registration and tailored advisory services Saudi Arabia — October 10, 2022: Amazon has launched the Intellectual Property Accelerator (IP Accelerator) program in Saudi Arabia, making it easier and more cost effective for small and medium-sized businesses (SMBs) to […]
SFD calls for greater global collaboration to tackle climate change at the 6thInternational Meeting on Triangular Co-operation
Lisbon: 8 October 2022 The Saudi Fund for Development (SFD) has underlined its commitment to international collaboration to effect positive change and safeguard the environment. Taking part in the 6th International Meeting on Triangular Co-operation, a delegation of SFD officials showcased the Fund’s ongoing sustainability initiatives and called on international organizations, communities, and the private sector […]
Investopia Partners Discuss Investment Opportunities in ME Region
Abu Dhabi, 06 October 2022 The partners of the global investment platform “Investopia” discussed investment opportunities and challenges in the Middle East region, and the role of Investopia to support investments in the new economy. The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development (ADDED) and […]
Geidea partners with National Finance Company to provide Saudi SMEs easy access to capital and loan financing
Riyadh, Saudi Arabia, 05 October 2022: Geidea, a leading Fintech company in Saudi Arabia, has partnered with Wataniya Finance Company, a renowned finance company in the Kingdom to simplify loan financing and repayments for businesses based in Saudi Arabia. Through this new partnership, merchants will be able to directly transact through Point-of-Sale (PoS) terminals by setting […]
Ajman Bank Signs Agreement with VaultsPay to Implement Innovative Payment Solutions
Ajman Bank, one of the leading Shariah compliant banks in the UAE, has signed a partnership agreement with VaultsPay, a UAE Fintech Company to build and implement a highly innovative payments value proposition for businesses and individuals in the UAE. This partnership will form the basis of growth in the digital financial solutions in the […]
Paymob Announces the Appointment of Senior Financial Services Executive to Lead its Global Strategy
Dubai, United Arab Emirates, 05 October 2022 – Paymob, the leading omnichannel payments gateway in the MENAP region, today announced that is has appointed Imane Adel as Executive Vice President of Strategy. Adel will guide Paymob’s vision and strategy as it continues to deliver forward-thinking, sustainable and inclusive financial technology solutions in the region. Adel brings a wealth […]
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Dubai Industrial City announces the official opening of the Al Damani Electric Vehicle Manufacturing Factory by M Glory
Temporary assembly line with a 10,000-car annual manufacturing capacity Dubai, UAE, 5 October 2022: M Glory Holding Group and Dubai Industrial City, a member of TECOM Group PJSC, announce the opening of Al Damani’s new 45,000-sqft factory, which represents a major milestone in the manufacturing of electric cars to meet a rising demand for green mobility […]
Ground-breaking SWIFT innovation paves way for global use of CBDCs and tokenised assets
Breakthrough solves the major challenges in digital ecosystem development Shows how digital currencies and assets could be used at scale across borders by leveraging existing financial infrastructure 14 central and commercial banks are already testing the new CBDC solution Brussels, 5 October 2022 – SWIFT has successfully shown that Central Bank Digital Currencies (CBDCs) and tokenized […]
New FedEx Research Shows E-commerce Opportunities Set to Grow for SMEs Under ‘New Normal’
The FedEx survey that focused on key markets across Asia showed similar trends to the MENA region 5, 2022 – The latest e-commerce trends from research commissioned by FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, in some of the most prominent markets in its Asia Pacific, Middle […]
The Workplace of The Future: A Clear Purpose, Opportunities for Career Growth and Strong Mental Health and Wellbeing Policies Rank Highly as Job Priorities for Young People in Saudi Arabia
More than half (58%) of young Saudis have considered taking a job in hospitality in the past 12 months Hotel Management, Event Management, and Marketing and Communications among most sought-after roles within the sector Two-thirds (66%) of Saudis believe the company they work for must have a clear purpose Over 50% of Saudi nationals consider […]
Launch of Center3 to enhance digital economy growth in KSA
A billion-dollar investment stc Group, the leading digital enabler, inaugurated one of its largest and significant projects, Center3 Company, the digital regional center for the Middle East and North Africa. The new company will be the owner of the digital infrastructure assets owned by stc Group, including data centers, submarine cables, international points of presence, […]
Middle East public cloud market to reach AED36 billion in value by 2027
Dubai, United Arab Emirates; 5 October 2022 – With IT spending for cloud computing increasing at an exponential rate in the Middle East, BitTitan sees greater growth prospects for its business across the region. Referencing a recent report study on the public cloud market in the Middle East which projects the sector to have a […]
amana announces connectivity to DFM, facilitating investors’ access to Dubai-listed securities
amana’s local and international retail investors to seamlessly trade on DFM and Nasdaq Dubai through its newly launched app The announcement reinforces amana’s position as a driving force for capital market inclusivity and fair access Dubai, 05 October 2022: amana, the pioneering regional Neobroker, today announced its connectivity with the Dubai Financial Market (DFM) and Nasdaq Dubai […]
What Are the Mobile Preferences of the Viewers in KSA During the FIFA World Cup 2022?
Saudi Arabia, 4th October 2022: There are only a few days left until the 2022 edition of the FIFA World Cup, which football fans around the world eagerly wait for and become the sole focus of every four years. For the tournament to be held in Qatar for the first time, not only football and sports fans […]
SolarWinds Launches New Global Transform Partner Program, Including Support for Managed Service Providers
Transform offers channel partners strong profit potential, significant growth opportunities, and industry-leading tools and resources Dubai, United Arab Emirates —October 4, 2022—SolarWinds (NYSE:SWI), a leading provider of simple, powerful, and secure IT management software, today announces the launch of the SolarWinds Transform Partner Program to support and drive growth for the company’s valued global channel partners. The […]
Finastra research points to open finance progress
85% of professionals at financial institutions agree: open finance is already making the financial services industry more collaborative and is having a positive impact Dubai, UAE – October 4, 2022 – Finastra today revealed a sneak peek at its annual State of the Nation Financial Services research. Results point to the significant progress the industry has made around […]
THREE EASY STEPS TO GROW YOUR BUSINESS WITH AMAZON.SA
Here is some of the best advice you will get when it comes to the ‘how and why’ to connect with online shoppers – straight from Amazon.sa Saudi Arabia —October 4, 2022: When it comes to setting up your online business, the process can seem confusing and even a little daunting – but there’s no need […]
ACCIONA OPTS FOR THE USE OF ELECTRICAL CONSTRUCTION MACHINERY IN ITS PROJECTS
ACCIONA becomes the first Spanish construction company to acquire this kind of sustainable machinery. The initiative is part of the company’s decarbonization plan. DUBAI, OCTOBER 03, 2022. As part of its commitment to mitigating climate change, ACCIONA has recently acquired electrical machinery through its Asset Management Department for use in the construction projects that the company […]
Posiflex to participate in GITEX GLOBAL 2022 showcasing best-of-breed POS hardware and self-help technologies enabling a smarter world of transactions
Taiwan’s POS system vendor now the biggest supplier in the Middle East and holds a strong position in Africa and other markets. TAIPEI, Taiwan–(BUSINESS WIRE/AETOSWire)– Amid the world’s recovery from the Covid-19 pandemic, over 5,000 electronic manufacturers and suppliers will attend GITEX GLOBAL 2022 from October 10-14 in Dubai, which aggregates one of the world’s […]
“CardoO” raises $ 660,000 in a seed funding round
CEO: We aim that Egypt becomes a hub for consumer electronics for the Internet of Things in emerging countries We plan to acquire $200 million from the smart products market in the Middle East and Africa • We are signing cooperation agreements to manufacture products locally to support the Egyptian industry Cairo – October 3, […]
Simaat platform and Ejar network sign the technical intgration agreement
Riyadh. Kingdom of Saudi Arabia – October 3, 2022: Under the patronage of His Excellency the Minister of Municipal and Rural Affairs and Housing, Chairman of the Board of Directors of the Real Estate Authority, Majid bin Abdullah Al-Hogail, and in the presence of His Excellency the Governor of the Digital Government Authority, Eng. Ahmed bin […]
Cisco to Showcase Latest Innovations Powering an Inclusive and Sustainable Future at GITEX Global 2022Visitors will be taken on an immersive journey to explore the importance and benefits of a twin transition that is both digital and green Dubai, United Arab Emirates, 3 October 2022: At GITEX Global 2022, Cisco is set to showcase its latest innovations designed to help accelerate customers’ digital transformation agendas, while focusing on the sustainability […]