Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Visa and Al Rajhi Bank launch global ‘She’s Next’ initiative for first time in KSA
Women business owners in KSA are invited to apply for one of five USD10,000 grants, and one year of coaching from IFundWomen with networking and mentoring opportunities82% of women surveyed stated their current business is their first business, indicating confidence in government’s efforts to create enabling business environment Riyadh, KSA, 30 June 2022 – Visa, the […]
Dar Al Arkan starts work on SIDRA, the largest master development in Bosnia and the Balkans
The SAR 500,000,000 project is the biggest real estate project in the history of Bosnia Riyadh, KSA; July 3, 2022: Dar Al Arkan, the leading real estate company in Saudi Arabia, is forging ahead with its plans to develop, Sidra, its exclusive vacation and housing project in Bosnia. As Dar Al Arkan’s first European luxury […]
Aqualia and ACCIONA starts the management, operation and maintenance of south cluster in KSA
PUBLIC-PRIVATE The contract is part of a government programme to incentivize the participation of the private sector in the management of water and sanitation in the country QUAILIFIED TEAM Since the consortium was chosen by the Saudi National Water Company (NWC), a team of 39 highly qualified and multidisciplinary experts has been selected and trained. […]
Schneider Electric’s Innovation Day in Saudi Arabia highlights solutions to drive sustainability and energy efficiency across the country
Innovation Day event showcases energy efficiency across Energy Generation, Power Distribution, and IoT solutions. Empowering partners to deliver digital transformation, sustainability, and efficiency in the new electric world Riyadh, Saudi Arabia, June 29th, 2022 – Schneider Electric, the leader in the digital transformation of energy management and automation, concluded an action-packed two-day Innovation Day event in Riyadh under the […]
Schneider Electric launches inaugural Global Partner Recognition Program
First-of-its-kind global award platform celebrating industry leaders that prioritize innovation and decarbonization Empowering partners to deliver digital transformation, sustainability, and efficiency in the new electric world Nominations opening soon until 25th November 2022 Dubai, UAE, June 30, 2022 – Schneider Electric, the leader in the digital transformation of energy management and automation, today announced the launch of the inaugural Schneider […]
Geidea Partners with Saudi Delivery-as-a-Service Startup BARQ to Enable Point-of-Delivery Digital Payments
The partnership will integrate the BARQ and Geidea apps to enable digital payment acceptance for BARQ end-users at the point of delivery. Riyadh, Saudi Arabia, 30 June 2022: Geidea, a leading Fintech company in Saudi Arabia, has partnered with the Saudi-based delivery-as-a-service startup BARQ in a move that facilitates point of delivery, digital payments for […]
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SAS recognized as the winner of 2022 Microsoft Global Independent Software Vendor Partner of the Year
Dubai, UAE, 30 June 2022 – SAS today announced it has won Microsoft’s Global Independent Software Vendor (ISV) 2022 Partner of the Year Award. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology. “Two years ago, we formed the SAS and […]
Amazon Payment Services Drives Discussion Around the Future of Digital Currencies at DIFC Fintech Week 2022
Amazon Payment Services experts host the ‘Startup Pitch Competition’ at the event, enabling entrepreneurs and businesses from the region to pitch their innovative ideas to the business Businesses signing up to Amazon Payment Services during the two-day event gained exclusive access to the ‘DIFC Fintech Week Offer’ with 0% transaction fees and dedicated account manager support Dubai, […]
International sales and global suppliers key to ensure post pandemic business recovery and growth
Mastercard’s Borderless Payments Report 2022 has revealed over half (52%) of SMEs in Saudi Arabia are earning more money than before the pandemic, driven by digital growth and international sales opportunities. Three-quarters (72%) saw above-global-average growth in online sales and over half (54%) are doing more business overseas. Almost nine in ten (85%) also say […]
PepsiCo signs MoU with Saudi Irrigation Organization to enhance water sustainability and agricultural security
PepsiCo will contribute to supporting conventional and non-conventional water use programmes Riyadh: Day, June 28, 2022 PepsiCo, the world’s leading food and beverage company, has signed a Memorandum of Understanding (MoU), on Sunday, June 26. 2022, with the Saudi Irrigation Organization (SIO) to enhance scientific cooperation efforts related to water conservation strategies. This step will introduce best practices in the […]
Almarai CEO meets the Ambassador of the Republic of Cyprus to the Kingdom
Almarai Company CEO, Abdullah bin Nasser Al-Bader, met today, Tuesday, at the company’s headquarters, with the Ambassador of the Republic of Cyprus to the Kingdom, H.E Stavros Avgoustides. During the meeting, Al-Badr discussed with Stavros ways of cooperation between the company and the Republic of Cyprus, and they reviewed the opportunities that might pave the […]
Aqualia and Acciona launch the South Cluster in Saudi Arabia
The contract is part of the government programme to encourage private sector participation in water and sanitation management in the country Since it was chosen by the Saudi National Water Company (NWC), the consortium, led by Aqualia, has selected, and trained a team of 39 highly qualified and multidisciplinary experts. Their knowledge and experience are […]
Jadwa Investment Launches SAR 1 Billion Al Dar Investment Fund 2
Riyadh, [26 June 2022]: Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today the successful launch of its Al Dar Investment Fund 2 in partnership with Dar Al Majed Real Estate Company and Arab National Bank. Al Dar Investment Fund 2 is a closed-end Shariah compliant real estate development fund […]
Spire and Mastercard partner to enhance and simplify digital banking
Spire “Ingage” to be integrated with Mastercard’s Merchant Identifier solution, helping consumers better manage their finances Partnership provides real-time personalized experiences to deepen consumer engagement Solution offers banks meaningful insights and a better understanding of their customers’ financial needs Riyadh, Saudi Arabia – 24 May 2022 – Spire, a leading GCC Open Banking services provider, has […]
Saudi Arabia records increased investment and new opportunities in healthcare infrastructure: JLL
Riyadh, KSA – 15 June 2022: JLL, a leading professional services firm specialized in real estate, investment management and development consultancy services, highlighted the substantial opportunities for investors and developers in the Kingdom’s healthcare sector. Underlining the promising landscape for healthcare infrastructure development and medical service delivery, JLL recently advised Dubai-based Gulf Islamic Investments LLC (GII) on […]
Geidea Signs Partnership with Nayifat to offer seamless payment solutions
Riyadh, Saudi Arabia, 23 June 2022: Geidea, a leading fintech company in Saudi Arabia, today announced that it has entered a strategic partnership with Nayifat, one of the pioneers in the financing space in KSA. As part of the collaboration, Geidea will provide Nayifat’s customers with a full suite of POS solutions. This will empower merchants with […]
Saudi Water Partnership Company and ENGIE Win ‘Sustainability and Innovation Pioneer in Water’ Award at the (DACA) Awards
Recognized for its significant contribution to the water sector, the global low-carbon energy company took home the Decarbonization and Climate Action Award at The Arab Green Summit (TAGS) Riyadh, Saudi Arabia – 23rd June 2022: Global low-carbon energy company ENGIE won the award for ‘Sustainability and Innovation Pioneer in Water’ at the first edition of the Decarbonization and Climate […]
Huawei partners with Saudi Space Commission to launch first technology experience center in KSA
The new technology experience center, Future Space, is the largest exhibition center outside of China covering an area of 1,500 square meters The exhibition is set to attract 200,000 visitors in the next five years Saudi Arabia, June 22, 2022: In collaboration with the Saudi Space Commission, Huawei has launched Future Space, the first technology […]
Mastercard signs MoU with Saudi Esports Federation to promote the Kingdom’s billion-dollar gaming industry
Partnership will see new products, services and solutions delivered to gamers and consumers in Saudi Arabia and wider region Gaming and esports consumption in Saudi Arabia expected to reach $6.8 billion by 2030 Riyadh, Saudi Arabia; 22 June 2022. Mastercard and the Saudi Esports Federation (SEF) have signed a Memorandum of Understanding (MoU) to help promote the Kingdom’s […]
CHARLES & KEITH LAUNCHES DEDCIATED ECOMMERCE WEBSITE IN SAUDI ARABIA
SAUDI ARABIA, 21st June 2022 – CHARLES & KEITH, the go-to label for accessible designs that are on the cutting edge of fashion, enhances its omnichannel experience in Saudi Arabia with the unveiling of a new ecommerce website, CHARLESKEITH.SA on June 13th. With the launch of this exciting retail platform, consumers will now be able to shop more […]
Aramco and Cognite join forces in new data venture
Based in Saudi Arabia, CNTXT aims to bring new cloud and industrial software solutions to the digital transformation space. RIYADH, Saudi Arabia – June 19, 2022 – Aramco and Cognite, a global leader in industrial software, have launched CNTXT, a joint venture based in the Kingdom of Saudi Arabia. Headquartered in Riyadh, CNTXT will support industrial […]
ORGANIC FOODS AND CAFÉ RETROFITS DUBAI STORE LOCATION WITH LOWER-GLOBAL-WARMING POTENTIAL HONEYWELL SOLSTICE® N40 REFRIGERANT
Supermarket chain uses Honeywell’s ready-now, energy efficient and environmentally-preferable refrigerant solution to support sustainability efforts DUBAI, UNITED ARAB EMIRATES – June 16, 2022 – Honeywell today announced that Organic Foods and Café, a grocery retailer based in the United Arab Emirates (UAE), adopted Solstice® N40 (R-448A) refrigerant to retrofit one of its Dubai store locations currently using R-22. Organic Foods and Café plans to […]