Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Digital Turbine Unveils a Unified Brand Identity and Strategy
The Unified Identity Simplifies Offering and Boosts Cross-Channel Approach Saudi Arabia, 19th 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 milestone […]
SAUDI INSIGHT: Oil Boom to Bring Double-Digit Growth Surge
By Ziad Daoud (Economist) High oil prices will lift Saudi Arabia’s growth into double-digits this year, the fastest pace since 2003. The Kingdom will pump crude at near-capacity to meet rising global demand. Higher prices are also filling the government’s coffers, providing room to increase spending on activities such as construction and services. Oil output […]
Citi UAE Introduces Recycled Plastic for Corporate Cards
Dubai, UAE: Citi has announced that it has introduced Recycled PVC (rPVC) for its corporate cards. In Q2/2022, the rPVC rollout commenced in the Europe, Middle East, and Africa (EMEA) region. The United Arab Emirates (UAE) was one of the first EMEA markets to launch and issue rPVC corporate cards for its corporate clients. Citi UAE has […]
THE PATH TO A ZERO-EMISSION AUTOMOTIVE INDUSTRY IN AFRICA AND THE MIDDLE EAST
Oxford Business Group and General Motors team up for latest ESG Intelligence report GCC/Africa, July 2022: The first of a two-part Environmental, Social and Governance (ESG) Intelligence report, produced by Oxford Business Group (OBG) in partnership with General Motors (GM), explores the key role that electric vehicle (EV) production could play in cutting carbon emissions and creating viable sustainable mobility […]
Alinma Bank and FOODICS Sign Strategic FinTech Partnership to Empower SMBs and Micro-Businesses in the Kingdom
Alinma Bank has one of the most advanced banking infrastructures in Saudi Arabia Partnership to benefit SMBs and Micro-Businesses in the Kingdom with twice daily settlements. 18 July 2022, Riyadh, Saudi Arabia., Alinma Bank, one of Saudi Arabia’s largest financial institutions – one of leaders in digital payments, has announced today that it has signed a […]
Roland Berger opens new offices at KAFD, cementing its presence in KSA and placing the firm at the new epicenter of business in the Kingdom
18 July 2022 – Riyadh, Saudi Arabia: Having achieved stellar growth during the past years in its Middle East operations, Roland Berger, a leading European strategy consultancy firm, has opened new offices at King Abdullah Financial District (KAFD) in Riyadh, thereby affirming its presence and commitment to this growing and important market. “As KSA is one […]
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TRIBAL CREDIT OFFERS DIGITAL EXPENSE MANAGEMENT TOOL FOR SMMES TO ADDRESS ECONOMIC CHALLENGES
More businesses across the region are adopting digital tools to control expenses According to fintech Tribal, organizations using its digital platform prepared more internal and real-time financial reports in May 2022. Dubai, 18 July 2022: Tribal Credit, a global fintech company, introduced its expense management platform giving its clients in the MENA region greater control […]
Zain KSA sees 219% rise in quarterly net profit SAR 134 million net profit in Q2 2022 
Zain KSA has achieved SAR 134 million in net profit during the second quarter of 2022, a 219% growth compared to the same period of 2021 and a 65% increase compared to the first quarter of 2022. These results reflect positive operational and financial performance marked by a 16% year-over-year revenue growth during the second […]
Introducing Keyper: A Homegrown UAE Startup Committed To Digitizing Real Estate Investment Management
Keyper, a digital platform set to redefine how investors and property owners manage their real estate portfolio in Dubai, has officially been launched. Using technology and experience, the startup brings the real estate market into the future, tackling common pain points that have, thus far, been ignored. Keyper streamlines the property management process while gaining […]
SAS acquires Kamakura to propel risk technology innovation as financial sector braces for volatility
Underscoring SAS’ growth in the domain-specific solutions space, the acquisition will enable SAS to greatly enhance the breadth of its risk solutions portfolio Dubai, UAE, 14 July 2022 Global AI and analytics leader SAS has acquired Honolulu-based Kamakura Corporation. Privately held Kamakura provides specialized software, data and consulting that helps financial organizations across the spectrum – […]
Emiratis Launch Shopping App to Support Home Businesses
DUBAI, July 13, 2022 — As the COVID pandemic in 2020 forced lockdowns, work from home mandates were introduced, and social distancing measures came into play, people found themselves with more leisure time than usual. With extra free time at their disposal, many decided to nurture the hobbies and passions they had and, in turn, […]
Immerse Yourself in Design at Herman Miller’s Redesigned Showroom in Dubai’s Marina Plaza
UAE, 12th July 2022: Herman Miller announced the re-opening of its showroom in Dubai’s prestigious Marina Plaza. Redesigned from top to bottom, it showcases the company’s iconic and innovative design solutions for both commercial, healthcare and hospitality spaces in a real-life workplace. The 750-square-metre space will be a living, breathing example of a workspace in motion. […]
AMAZON’S ANNUAL PRIME DAY SAVINGS EVENT RETURNS JULY 23 & 24 – WHERE PRIME MEMBERS CAN SHOP AND SAVE BIG ON AMAZON.SA
Prime Day offers 48-hours of epic deals exclusively for Prime members on Amazon.sa with incredible savings across top brands including Samsung, Bose, DeLonghi, in categories including electronics, fashion, beauty, kitchen, home, and Amazon Devices, and more Anyone can join Prime or start a 30-day free trial at www.amazon.sa/prime to access Prime Day and enjoy a range […]
BRF Sadia INAUGURATES NEW PLANT IN SAUDI ARABIA
Opening was held in the presence of representatives from the Ministry of Investment and Ministry of Industry and Mineral Resources Middle East region plays a strategic role in the Company’s growth plans in the international market Kingdom of Saudi Arabia, July 6, 2022 – BRF Sadia, one of the largest food companies in the world, has inaugurated […]
ACCIONA DEPLOYS SATELLITES TO FORECAST SEAWATER QUALITY FOR DESALINATION PLANTS IN THE MIDDLE EAST
PREDICTIVE INNOVATION The operation of desalination plants improves thanks to a predictive model for seawater quality that uses satellite measurements and Artificial Intelligence tools Riyadh – Saudi Arabia , July 6, 2022. ACCIONA, a leading operator of desalination plants in the Middle East, has developed a predictive model for seawater quality that is improving the operation […]
A Unique Project in Makkah Hosts Pilgrims Steps away from the Holy Mosque
Thakher Makkah provides exceptional options and opportunities for visitors and investors Thakher Makkah, one of the largest projects in the Holy City of Makkah, KSA, announced the provision of exceptional options and opportunities for visitors and investors, including pilgrims, Umrah performers and general visitors to Makkah, with an approximated distance of 1 km from the Grand […]
DUBAI SOUTH PROPERTIES ANNOUNCES LAUNCH OF SOUTH BAY
The project comprises over 800 villas and townhouses and more than 200 mansions Dubai, United Arab Emirates, 5 July 2022: Dubai South Properties announced the launch of South Bay, a new master development in the heart of The Residential District at Dubai South. The new project will be home to over 800 villas and townhouses and […]
TPAY MOBILE’s Founder and CEO Sahar Salama hands over Group CEO responsibilities to become Group Chairwoman
ex-CEO of Mollie, Gaston Aussems, named successor 4th July 2022 – UAE: TPAY MOBILE, the leader in mobile payments in the Middle East, Africa, and Turkey (META), today announces it has appointed Gaston Aussems, previously CEO of Mollie, as Group CEO, effective 4th July 2022. Founder and current CEO, Sahar Salama, will move into a Group Chairwoman position, and will […]
Kuwaiti luxury retailer, Trafalgar Luxury Group, announces leadership reshuffle
Trafalgar Luxury Group (formerly Trafalgar) has reshuffled its senior leadership to spearhead expansion plans across the region The Group will also establish its head office in Dubai later this year, a strategic step to further establish the Group in the region Dubai, UAE, July 4th, 2022 – Following the announcement of its rebranding, homegrown Kuwaiti luxury retailer, Trafalgar […]
LG ELECTRONICS HONORED BY U.S. EPA AS 2022 ENERGY STAR PARTNER OF THE YEAR
Recognized for ‘Sustained Excellence’ in Environmental Sustainability, LG Also Wins EPA’s Emerging Technology Award Jeddah, July 4, 2022 – LG Electronics has been named 2022 ENERGY STAR® Partner of the Year-Sustained Excellence by the U.S. Environmental Protection Agency (EPA). This prestigious honor, a distinction LG has received nine times since 2012, recognizes the company’s exemplary commitment to […]
Hope Probe identifies new scientific observations in its fourth batch of scientific data
– The newest observations were designed after gaining a deeper understanding of the potential of new science beyond the original mission – Latest observations include better coverage of the aurora, the observance of solar energetic particles and galactic cosmic rays, as well as high cadence dust and high cadence clouds – The data demonstrates the high-level […]
HYKE Integrates Digital Payments In Its App-based AI-Powered Digital Distribution Platform
Riyadh, Saudi Arabia 3rd July 2022 – HYKE, the app-based digital distribution platform that uses AI to power its operations, has announced the integration of digital payments into its platform. This will allow retailers in Saudi Arabia to settle payments through the app with no additional costs, regardless of the number of transactions conducted or the transaction […]