Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
E3 Customer Experience Conference to reconnect global and regional CX community
The E3 Customer Experience conference has announced dates for the 2nd edition in-person at the InterContinental Riyadh from 7-9 June set to explore winning CX strategies, new technologies and tools designed to empower Saudi Arabia’s CX transformation agenda. Under the theme, ‘Making customer centricity your game changer’, the thought leadership CX programme organised by Ejtemaat KSA (Gulf […]
Mobily Pay Concludes a Strategic Partnership with MoneyGram to Offer Users Intuitive International Money Transfer Services
Riyadh, Saudi Arabia – 2nd June, 2022: Mobily Pay (Etihad Fintech Company), a subsidiary of Etihad Etisalat Company (Mobily), has announced a new strategic partnership with MoneyGram International, Inc, a global leader in cross-border P2P payments and money transfers, which opens up new prospects to consumers in the Kingdom to seamlessly leverage international money transfer services. Under […]
Net Zero by 2050: Daikin moves closer to environmental target with Yellow Door Energy
and Yellow Door Energy commission a 515 kilowatt-peak (kWp) solar plant at Daikin’s headquarters in JAFZA Dubai Yellow Door Energy provides the solar lease, enabling Daikin to lower electricity costs and reduce carbon emissions This is in line with Daikin’s Environmental Vision 2050 and supports the UAE’s Net Zero by 2050 Strategic Initiative and Clean Energy […]
Zoho announces Arabic e-commerce store builder and integration with Tap Payments for MENA businesses
Zoho announced a partnership with Tap Payments to enable MENA businesses to accept payments securely and seamlessly. The Zoho Commerce platform is among the few global vendors to offer a built-in right-to-left website builder. At Zoholics Riyadh, Zoho revealed that it has recorded 104 per cent revenue growth in Saudi Arabia in 2021, and a 233 per […]
SAS reinforces leadership for the Middle East, Africa, Turkey and Central Asia
Tayfun Topkoc to lead operations in more than 30 countries, fortifying SAS’s analytics and AI leadership Riyadh, KSA, 29 May 2022: SAS, the leader in analytics, present in the kingdom of Saudi Arabia for over 10 years, announced the appointment of Tayfun Topkoc as General Manager for the Middle East, Africa, Turkey, and Central Asia. This […]
Mastercard and Musafir partner to boost seamless travel bookings through innovative solutions
Musafir.com leveraging Mastercard’s technology to accelerate travel sector growth through strategic partnership in the Middle East and North Africa Riyadh, Saudi Arabia – 29 May 2022. As recovery of the travel industry picks up steam, payments technology company Mastercard and travel website Musafir have partnered to take travel bookings originating in the Middle East and North […]
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Huawei Reveals Next-Generation Data Center Facility
Middle East, May 29, 2022: Huawei revealed the definition of the Next-Generation Data Center Facility, and unveiled PowerPOD 3.0, a brand-new power supply system, on May 26 in Dongguan, China. The new rollouts, based on the collective wisdom and joint efforts between Huawei Data Center Facility Team and industry experts, reaffirm Huawei’s commitment to building […]
PayerMax announces Sponsorship of Seamless Middle East 2022
Dubai, UAE, 26 May 2022: PayerMax today announced its participation in Seamless Middle East, #SeamlessDXB 2022. The two-day event will be held on May 31 and June 1, 2022 at Dubai World Trade Centre. Exhibiting at booth #G20, PayerMax will present its unified omni-method payment solution and partnership program to ecosystem and digital payments innovators whilst […]
MENA witnesses the growth of Virtual credit cards as an emerging trend says Tribal
Dubai, 25 May 2022: Virtual credit cards are becoming an emerging trend in the Middle East and North Africa with growing consumer demand for more secure payment options, reveals Tribal. According to Tribal, a global company that provides integrated financial solutions for startups across the Middle East, its customers in the MENA use an average of […]
Almarai employs 450 students from the Food Industries Institute
His Excellency Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef, recently sponsored the graduation ceremony of 450 trainees from the Institute of Food Industries in Al-Kharj, in the presence of the Deputy Minister of Industry and Mineral Resources, Eng. Osama bin Abdulaziz Al-Zamil, and Dr. Hisham bin Saad Al-Jadhey CEO of the Saudi […]
Mastercard and HyperPay sign a strategic partnership to expand digital payment rails across Middle East and North Africa
Partnership will see multi-rail capabilities and gateway solutions reach new customer segments across the Middle East and North Africa through the adoption of innovative and frictionless payment ecosystems Riyadh, Saudi Arabia – 25 May, 2022: Mastercard, a technology leader in the global payments industry, has announced a strategic partnership Saudi Arabia-based HyperPay, the fastest growing e-commerce payments […]
Google drove an estimated SAR 12.2 billion to Saudi Economy in 2021
Tuesday, May 24th – Riyadh: Google announced today the launch of the Google Impact Report, a report conducted by Public First research agency, that looks at how Google products (Search, Play, Maps, YouTube and Google Ads) help people, local businesses, content creators and developers in Saudi Arabia, the UAE and Egypt. Around the world, Google […]
Talal Abu-Ghazaleh Global Consolidates on Enterprise-Grade Virtualization Solution
Riyadh, Saudi Arabia and Amman, Jordan, 24TH May, 2022: Talal Abu-Ghazaleh Global (TAG.Global), through its ICT Department, has recently finished implementing an enterprise virtualization platform in cooperation with Nutanix, a leader in hybrid multicloud computing, to improve infrastructure performance and scalability. The decision was taken to update the Organization’s virtualization infrastructure which was initially built under the direction […]
Between 12 to 10 PM: WebEngage Trends & Insights Report 2022 reveals the highest-conversion-rate time slot in the MENA region
Retention SaaS leader WebEngage’s Trends & Insights Report 2022, named “Cross Channel User Engagement – A Winner’s Playbook”, sheds light on some of the best-kept secrets in contemporary user engagement and customer retention strategies in the MENA region May 24th, Dubai, UAE: WebEngage, a full-stack service provider specialising in customer retention, engagement, and automation, has launched […]
MENA witnesses the growth of Virtual credit cards as an emerging trend says Tribal
Dubai, 24 May 2022: Virtual credit cards are becoming an emerging trend in the Middle East and North Africa with growing consumer demand for more secure payment options, reveals Tribal. According to Tribal, a global company that provides integrated financial solutions for startups across the Middle East, its customers in the MENA use an average of […]
The Kingdom of Saudi Arabia set to participate in the World Economic Forum 2022 with high-level delegation
Saudi delegation will outline Saudi’s role in helping the international community navigate emerging geopolitical and economic disruptions during meetings in Davos Riyadh, 21 May 2022 – The Kingdom of Saudi Arabia will participate in the World Economic Forum (WEF) 2022, in Davos, Switzerland, with a high-level delegation set to attend a number of meetings between 22 […]
Mastercard, One Global™ and i2c partner to launch integrated wallet in Middle East and North Africa, along with issuing capability for fintechs
The partnership reinforces the region’s position as a leading financial ecosystem. One Global™ will offer banks, merchants and fintechs a single window to issue cards and wallet services, powered by i2c’s best-in-class processing capabilities Fintechs and neo banks will benefit from increased speed and simplicity, improving the customer experience for secure and convenient digital payments Riyadh, […]
UAE Space Agency Board members review latest developments and strategic projects in the sector
· Sarah Al Amiri applauds election of the UAE to chair the United Nations Committee on the Peaceful Uses of Outer Space (COPUOS) · Board reviews projects of Space Economy Zones Program, international cooperation, and developing national capabilities Abu Dhabi, UAE – 20 May 2022: The UAE Space Agency (UAESA) Board members chaired by Her Excellency Sarah bint Yousef […]
With a smile or a wave, paying in store just got personal
Mastercard unleashes a new era of biometric payments to enhance the check-out experience Riyadh, Saudi Arabia: 18 May 2022 – No more fumbling for your phone or hunting for your wallet when you have your hands full – the next generation of in-person payments will only need a quick smile or wave of your hand. The […]
Finastra names Hack to the Future 4 winners #HackToTheFuture #HackingForGood #OpenByDefault
Celebrated projects include initiatives promoting financial literacy, solar energy and fair lending Dubai, UAE – May 10, 2022 – Finastra today announced the winners of its Hack to the Future 4 annual global hackathon. Thousands of participants from over 75 countries submitted 230+ projects focused on sustainable and inclusive finance, embedded finance and Banking as a Service (BaaS), […]
Wisdom for a Better Life Technology Paving the Way to a Better Life for All
Today, technology plays a pivotal role in the way people work, play, learn and live. To ensure that everyone, regardless of age, disability or lifestyle, can reap the benefits of the latest advancements, leading tech companies are developing new solutions to make their sophisticated products more accessible. Here’s a closer look into how inclusive technology is paving […]
SAS Viya on Microsoft Azure can deliver 204% return on investment according to independent study
Forrester Total Economic Impact™ study highlights faster time to market, improved decisioning and cost savings brought by SAS and Microsoft partnership Dubai, UAE, 11 May 2022: Organizations deploying SAS® Viya®, SAS’ cloud-native AI, analytic, and data management platform, on Microsoft Azure can see benefits including a 204% return on investment over three years, according to a new commissioned […]