Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
The Republic of San Marino presents the Business Forum “A business-friendly jurisdiction in the heart of Europe” at Expo 2020 Dubai
San Marino, 28th March 2022: The Republic of San Marino curated a Business Forum dedicated to tourism and economic promotion of the country at the Abu Dhabi Hall of Expo 2020 Dubai. The conference was led by the Agency for Economic Development – San Marino Chamber of Commerce with the participation of Fabio Righi, Secretary […]
IMA Tackles the Skills Gap in the Finance and Accounting Profession
Educators from top universities in Saudi and UAE join the discussion and showcase ongoing efforts to match the changing demands of the profession Dubai, UAE, 28 March, 2022 – IMA® (Institute of Management Accountants), one of the largest and most respected associations working exclusively on advancing the management accounting profession, hosted an event titled “Bridging […]
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Royal Commission for AlUla highlights unique formula for SME growth
as Global Entrepreneurship Congress begins in Riyadhas Global Entrepreneurship Congress begins in Riyadh The RCU model integrates economic, social and natural sustainabilityto create powerful and lasting growth powered by a community of SMEs Amr AlMadani, the RCU CEO, discusses ‘tourism at a tipping point’during a fireside chat at Global Entrepreneurship Congress 2022 Scene then shifts to AlUla to share insights with […]
Nearly 95% people in Saudi Arabia report increased use of digital payments in the past year
According to the Kaspersky Digital Payment survey, 95% of respondents from Saudi Arabia reported an increase in their use of e-wallets and mobile banking in 2021. COVID-19 was one of the main factors for that: 70% reported that they only started using online payments services during the pandemic. In particular, online payment services helped 58% […]
Banking as a Service gains unstoppable momentum, Finastra research shows
85% of senior executives surveyed are already implementing BaaS solutions or are planning to in the next 12-18 months Dubai, UAE – March 28, 2022 – At its Finastra Forum flagship industry event in Dubai, Finastra today unveiled a market assessment report: ‘Banking as a Service: Outlook 2022 | Paving the way for Embedded Finance’. […]
New Mastercard report outlines key sectors in Saudi Arabia set to benefit from smart city revolution
Whitepaper titled Urban Tech, commissioned by Mastercard in partnership with Arabnet, reveals huge opportunities for growth in Saudi Arabia Whitepaper highlights how data, analytics, digital infrastructure, connectivity, and enabling regulation, are critical to bringing human-centric cities to life Riyadh, Kingdom of Saudi Arabia; 28 March 2022: A new white paper on Urban Tech, commissioned by Mastercard […]
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Chalhoub Group releases “GCC Personal Luxury in 2021: A Story of Early Recovery and Growth” report in collaboration with the Fashion Commission of Saudi Arabia’s Ministry of Culture
Insights from the report indicate that in 2021 the GCC luxury market outpaced pre-pandemic level by 23% versus 2019. A deep dive on Saudi Arabia shows remarkable growth in personal luxury growing at +19%. Dubai, UAE, March 25, 2022: Chalhoub Group released its comprehensive report “GCC Personal Luxury in 2021: A Story of Early Recovery […]
KVG Partners with Al Rayes Group for Kenaf Plantation Expansion
KVG to explore kenaf plantation in the global regions Taking lead in the promotion of sustainability using kenaf, Kenaf Venture Global Sdn. Bhd. (KVG) officialise a collaboration with Al Rayes Group through a signed Memorandum of Understanding (MoU). KVG was represented by its Group Chief Executive Officer (Group CEO), Jazman Shahar Abdollah and its Group […]
MetaMask cryptoscam: fraudsters steal seed phrases to compromise crypto wallets
There has been a noticeable development in the prominence of cryptocurrency-related phishing scams over the past few years, linked to a boom in digital currency. While in 2021, Kaspersky products detected and prevented over 460,000 crypto-related phishing attacks overall, the company’s researchers reported over 100, 000 such attacks just in two and a half months […]
A Strategic Partnership Agreement between channels by stc and Jarir Bookstore
Riyadh, 22 March 2022: channels by stc, one of stc group subsidiaries, signed a strategic agreement with Jarir Bookstore for the last-mile delivery service (dal) to deliver products and large shipments, as an extension of the previously provided services. The agreement came within the framework of strengthening the partnership between the two companies to provide […]
Fahad bin Mubarak Al Guthami Named Deputy Chief Executive Officer
at American Express Saudi ArabiaRiyadh, 20 March 2022: American Express Saudi Arabia (AESA) announced the appointment of Mr. Fahad bin Mubarak Al Guthami as Deputy Chief Executive Officer. In his new role, Al Guthami will implement AESA’s strategic priorities in fostering customers’ digital lives through innovation and digitization, expanding leadership in the premium consumer space, building on the strong […]
NEOM empowers women in Tabuk region through financial support to Jana Center
NEOM, Kingdom of Saudi Arabia, March 20, 2022: NEOM announced today that it has signed an agreement with the Jana Center for Building Productive Families, in an effort to support women in the NEOM and Tabuk regions, to help set their business projects in motion and to accelerate their progress by marketing their products and […]
BitOasis simplifies crypto trading for beginners – Introduces new features on its platform
March 17, 2022, Dubai, UAE – Having played a pivotal role in the regional crypto space since 2015, BitOasis has earned its reputation as the ‘most trusted crypto-trading platform’ in the UAE and wider Middle East. Being part of a growing crypto ecosystem, there remains a pressing need for simplifying crypto, especially for people who […]
Noon.com ranked second most influential brand in Saudi Arabia
The local digital player ranks second among global powerhouses in the Ipsos 2021 survey Riyadh, KSA. 16th March 2022: noon.com, the Middle East’s leading digital e-commerce platform, is ranked second in the Most Influential Brands in KSA 2021 in a recent survey by IPSOS. For the second year in a row, noon.com has been named […]
IBM bolsters investments in the Middle East and Africa with the launch of Client Engineering
New Client Engineering teams will deliver an enhanced client experience focused on co-creation, technical eminence, and speed Teams will be located in Saudi Arabia, UAE, Turkey, and South Africa Riyadh, Saudi Arabia – March 16, 2022: IBM (NYSE: IBM) today announced the launch of its Client Engineering team in Middle East and Africa (MEA) for clients and business partners. […]
Al Salem Johnson Controls Empowers Women in HVAC-R Sector
This year’s International Women’s Day was themed “BreakTheBias” which focuses on gender equality today for a sustainable tomorrow, and Saudi Arabia is a shining example of a country that has put this theme into practice. The Kingdom has made great strides in empowering women and increasing their economic participation, through a series of legislative reforms […]
Ramadan Shopping Behaviors in Saudi Arabia
Saudi Arabia, 16th March 2022: Ramadan, the holiest season of the Islamic world, is just around the corner. Sharing joy, happiness, and spiritual enthusiasm with our loved ones are the most important qualities during Ramadan. On the other hand, expectations of users of the digital platforms started to increase in order to receive the most […]
Almarai participates in the Middle East Poultry Exhibition
The Deputy Minister of Environment, Water and Agriculture, Eng. Mansour Bin Hilal Al-Mushaiti, visited Almarai’s pavilion in the Middle East Poultry Exhibition, held under the theme “Contribution to Enhancing Food Security” at the Riyadh International Convention and Exhibition Center, from 14-16 March 2022 with the participation of 150 companies from 30 countries. Faisal bin Marzouq […]
stc & “KAFD” pen MOU to develop mutual goals
5G coverage at King Abdulaziz Financial district & reinforcing sustainability Riyadh, 15 March 2022: stc Group and King Abdullah Financial District “KAFD” signed a memorandum of understanding to reinforce common goals of exchanging data, enhancing sustainability, sponsoring events and activities, and providing technical services, all under the umbrella of a strategic partnership in between the […]
REDTAG continues expansion spree with new store launch in Granada mall Riyadh, accompanies it with opening offers
REDTAG, the Middle East’s leading value fashion and homeware brand, has launched a new outlet in Granada Mall, located at the heart of Riyadh. The launch is followed by an opening offer of SAR-50 gift vouchers. REDTAG, the region’s favorite value fashion and homeware brand, has launched a new retail store in Granada Mall on […]
The Central Bank of Kuwait Joins the Gulf Payments System “AFAO”
he Central Bank of Kuwait (CBK) joined the Gulf Payments system “AFAQ” on Sunday 13/03/2022, which is managed operated by the Gulf Payments Company. Financial transactions were successfully exchanged between(CBK) and participant GCC Central Banks that had previously joined “AFAQ” including the Central Bank of Bahrain (CBB) and the Saudi Central Bank (SAMA). The remaining […]
EDGE concludes successful participation at World Defense Show 2022 #WDS2022
Landmark licensing agreement signed with Saudi Arabian Military Industries (SAMI) Several new sophisticated products and solutions launched Abu Dhabi, UAE: 14 March, 2022 – EDGE Group has concluded its successful participation at the World Defense Show (WDS 2022), which was held in Riyadh, Kingdom of Saudi Arabia. As the region’s largest advanced technology company for […]