Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
New Talkwalker report reveals young people on Twitter are most concerned by the cost of living
Talkwalker, in partnership with Twitter, analyzed over 16.2 million cost-of-living conversations, to reveal the impact it is having on global consumers. People on Twitter aged 25-34, saw the sharpest increase in cost of living conversations, highlighting their increased concerns about the crisis. Consumers are most anxious about the rising cost of gas and heating. Many […]
SABIC and INJAZ UAE partner to inspire students to tackle sustainability challenges in their communities.
Students in UAE will gain critical thinking and problem-solving skills for sustainable living through the Lights of Our Future initiative. [August 3rd , 2022] SABIC, a global leader in diversified chemicals based in Riyadh, Saudi Arabia (KSA), is partnering with INJAZ UAE and JA Worldwide, a leader in youth development, to engage students in learning opportunities that help them become community leaders […]
THE ELLINIKON EXPERIENCE CENTRE OPENS AS ONE OF EUROPE’S LARGEST URBAN REGENERATION PROJECTS IS HERALDED BY THE WORLD’S MOST STUNNING VISITOR CENTRE
he Ellinikon Experience Centre Offers Interactive Look at the Future of Sustainable and Smart Large-Scale Urban Development at The Ellinikon in Athens, Greece Lamda Development has announced the launch of The Ellinikon Experience Centre heralding The Ellinikon, among the largest, most ambitious urban regeneration projects in Europe and a new global model for comprehensive mixed-use urban experiences. […]
WebEngage raises $20 million in Series B; eyes IPO in three years
WebEngage, a full-stack retention operating system and one of the most resilient B2B SaaS startups, today announced that it raised $20 million in Series B led by Singularity Growth Opportunities Fund and SWC Global, with participation from existing investors India Quotient, Blume Ventures, and IAN Fund. August 03, 2022, Dubai, UAE: WebEngage, a full-stack retention […]
Nissan reports April-June progress for fiscal year 2022
・ Operating profit of 64.9 billion yen and net income of 47.1 billion yen reported in the first quarter ・ Significant increase in revenue per unit of key models as quality of sales continues to improve YOKOHAMA, Japan (August 1, 2022) – Nissan Motor Co., Ltd. announced the financial results for the three months ended June 30, 2022. In […]
LG ANNOUNCES SECOND-QUARTER 2022 FINANCIAL RESULTS
Highest Second-Quarter Revenue in Company’s History Reflects Sales Growth for Premium LG Home Appliances and Auto Parts Jeddah, August 1, 2022 — LG Electronics Inc. (LG) announced its highest-ever second- quarter revenues, reflecting strong sales for LG home appliances in key regions and the profitable growth of LG’s vehicle components business as the global automotive industry rebounds. […]
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SADAFCO signs strategic agreement with Jeddah’s Social Responsibility Association
Jeddah, Saudi Arabia, 01 August, 2022: SADAFCO has signed a strategic agreement with Social Responsibility Association, the first licensed association specialized in CSR in the Makkah Province. The two organizations having successfully worked together in the past, 2022 is the year when the relationship will take a broader and more strategic approach. As the parent […]
TPV Technology announces a new partnership with Sariya to expand business opportunities in Saudi Arabia
Riyadh, Saudi Arabia, July 31st, 2022 – TPV Technology Gulf DMCC, manufacturers of Philips and AOC displays, have announced a new partnership with Saudi-based IT distributor Sariya Company LTD. They will extend business prospects in the Kingdom of Saudi Arabia for both the brands. The partnership will see Sariya Company Ltd carry a wide range of […]
Digital energy: sustainable ICT infrastructure from Huawei for intelligent carbon emission reduction
Shenzhen, July 28, 2022: Speaking on the first day of the Huawei Win-Win Innovation Week, David Wang, Executive Director of the Board and Chairman of the ICT Infrastructure Managing Board of Huawei, highlighted in his keynote the power of innovation and intelligent technology in supporting industry partners to reduce carbon emissions and adapt to the rapidly […]
3M appoints Head of Government Affairs for Saudi Arabia
Shrook Mansour Bin Sultan bolsters 3M’s senior leadership public sector expertise and supports policymakers across key regulatory matters Riyadh, Kingdom of Saudi Arabia; July 27, 2022: In line with its strategic business plans, 3M (NYSE: MMM) today announced the appointment of Shrook Mansour Bin Sultan as Head of Government Affairs in the Kingdom of Saudi […]
Prince Mohammed Bin Salman Nonprofit City announces new central zone, Al Mishraq
· Al Mishraq will be a thriving hub for residents, visitors, and workers.· The central zone has been designed to facilitate social interaction, encourage innovation and creativity, and foster young Saudi talent.· The first phase of Al Mishraq will develop 105,000 square meters of retail, residential, incubator, and office space. Riyadh, Saudi Arabia; July 27, 2022: […]
Tribal Credit reveals MENA companies’ spending priorities at different growth stages
· Corporate credit card transactions MENA enterprises in different phases of growth focus on digital advertising online through social media networks. Dubai/Cairo/Riyadh, July 27, 2022: Tribal Credit has highlighted local enterprises’ most significant spending categories based on corporate card spending data from small, medium, and emerging businesses tracked over the last year. As businesses develop throughout the […]
Mohammad Khalid appointed as Johnson Control’s Vice President and General Manager for Middle East and Africa
Dubai, UAE, 27 June 2022– Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, announced the appointment of Mr. Mohammad Khalid as the new Vice President and General Manager for Middle East and Africa (MEA). Mr. Khalid brings more than 25 years of experience in sales, operations and technology to further advance […]
Supply Chain in the Middle East Demands a Different Approach
By Joe Terino, Global Head of Bain & Company’s Supply Chain Practice and Karim Shariff, Partner, Bain & Company Middle East For decades, companies in the Middle East have embraced globalization and lean supply chain operations to meet more demanding customer expectations while bringing down costs and reducing inventory. But the inherent weakness and vulnerability […]
Backbase and SITECH sign a strategic partnership to lead the wave of engagement banking in the Kingdom
Riyadh, Saudi Arabia – 26 July, 2022 – Backbase, the leading global engagement banking platform provider, announced its partnership with fintech and banking digital transformation solutions provider, Sitech. The partnership will allow banks and financial service providers in the Saudi financial market to leverage the combined benefits of Backbase’s award-winning engagement banking platform and Sitech’s innovative […]
Digital Turbine Unveils a Unified Brand Identity and Strategy
The Unified Identity Simplifies Offering and Boosts Cross-Channel Approach Saudi Arabia, 26th July 2022: Digital Turbine (NASDAQ: APPS), today unveiled a bold and unified corporate brand and a single strategic purpose for its clients and partners —to power more connections, with more consumers, in more ways, across more devices. The new brand identity reflects an important […]
Citi and Etihad sign on First Sustainable Deposit Solution
Citi launches two new sustainable deposit solutions at Abu Dhabi Global Market (ADGM). Etihad Airways, the national airline of the United Arab Emirates, becomes the first client to deposit funds in Citi ADGM’s Sustainable Deposit. Abu Dhabi: Etihad Airways has become the first client to sign on to Citi ADGM’s Sustainable Deposit Solution. Citi’s newly launched […]
National Bank of Bahrain signs an extended partnership with Mastercard to enhance portfolio through new premium offerings
Seven-year partnership will see NBB issue a range of debit, credit, prepaid cards and unique loyalty solutions to complement existing comprehensive offerings with Mastercard. Collaboration includes launch of highest tier cards targeted at UHNWI offering Priceless experiences. Saudi Arabia – 24 July, 2022: The National Bank of Bahrain (NBB), and global technology company Mastercard have announced […]
Axiory Intelligence expands its offerings portfolio with Signals, 1-on-1 Training and more on their newly launched website
Trade ideas, market alerts, unlimited access to market news and analysis, educational content, videos, webinars and 1-on-1 training for users to make smarter trade decisions Variety of valuable forward-thinking analysis and investment tools added on its brand-new website to educate the users Dubai, United Arab Emirates, 21th July 2022: Industry-leading market and news portal, Axiory Intelligence, has […]
READY, SET, SHOP: AMAZON.SA REVEALS PRIME DAY DEALS FOR SAUDI STARTING JULY 23
Prime Day kicks off on July 23 at midnight, 00:01 KSA time, and runs until July 24, offering epic deals exclusively for Prime members across electronics, home, kitchen, beauty, and more, from top brands including Samsung, Bose, Pampers, DeLonghi, LEGO, Bosch, as well as deals on Amazon devices such as Echo, Ring, and Kindle Prime […]
stc pay Launches Double Cashback Summer Campaign
Riyadh, Saudi Arabia; July 20, 2022. As part of its ongoing commitment to curating rewarding digital experiences that offer consumers added ease, comfort, and peace of mind, stc pay — Saudi Arabia’s leading mobile wallet — has launched a unique double cashback summer campaign. Until the 15th of August 2022, stc pay customers will be given the […]
LG RELEASES PRELIMINARY EARNINGS FOR SECOND-QUARTER 2022
Jeddah, July 20, 2022 — LG Electronics Inc. (LG) announced its preliminary earnings results for the second quarter of 2022. LG reported revenues of KRW 19.5 trillion in the second quarter of 2022, 15 percent higher than the same quarter the previous year. Operating profit for the second quarter was KRW 791.7 billion, expected to be 12 […]