Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
World Defense Show concludes first edition with SAR29.7 billion in deals #WDS2022
09 March 2022, Riyadh, KSA – Following four trade days that brought together 600 defense and security exhibitors from 42 countries, World Defense Show concluded its first edition today recording SAR29.7bn in deals. Founded by the General Authority for Military Industries (GAMI), the world’s first show focused on defense interoperability received 80 military delegations, 65,000 […]
Saudi Company Interstellar Solutions Releases Version 5 of Defense Enterprise Resource Planning (ERP) System, G21. #WDS2022
Interstellar Solutions is a new and highly ambitious Saudi technology company based out of Riyadh, Saudi Arabia. It has set its sights on becoming a major player in the Defense ERP domain. The latest version known as G21-360V has been announced today on 8th March 2022 at the World Defense Show before an audience of […]
Aqualia showcases its commitment to water security and sustainability at the 2022 Saudi Water Forum
The company has once again played a leading role in the event, the main event for the water management sector in Saudi Arabia The event, held in Riyadh from 6–8 March, featured a large exhibition area and an exciting technical convention dedicated to water security and sustainability. The company participated in the conference by presenting […]
Draken Europe and SNC ICT announce long-term in-Kingdom partnership #WDS2022
Riyadh, KSA: On Day Two of the World Defence Show in Riyadh, Draken Europe and SNCICT have announced their long-term in-Kingdom partnership. SNC ICT’s provision of in-Kingdom logistics support, system network services and supply chain management, will be central to Draken’s plans for expansion in the Middle East. Paul Armstrong, Draken Europe CEO explained the […]
Automation is Making Humanity More Essential at Work
By Bao-Viet Le, Partner, Bain & Company Middle East and Andrew Schwedel, Partner, Bain & Company New York Riyadh, Saudi Arabia, 08 March 2022: Over the past century, fears of mass joblessness from automation have come and gone in waves. More recently, a series of breakthrough advances in the field of machine learning, alongside new imagination-capturing […]
AMAZON PAYMENT SERVICES PARTNERS WITH PRINCESS SUMAYA UNIVERSITY TO OFFER INTERNSHIPS AND SCHOLARSHIP OPPORTUNITIES IN CYBERSECURITY
Amman, Jordan, 8 March 2022 – Amazon Payment Services, a payment service provider in the Middle East and North Africa (MENA) region, is collaborating with Princess Sumaya University for Technology (PSUT) in Jordan to nurture and invest in cybersecurity talent. Aiming to develop forward-thinking security innovation and information security leadership in the region, the collaboration […]
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Finastra’s Hack to the Future 4 opens with focus on sustainable and inclusive finance, BaaS and DeFi
Launch coincides with International Women’s Day in alignment with Finastra’s commitment to forwarding diversity, equity and inclusion across financial services Dubai, UAE – March 8, 2022 – Finastra has opened its fourth annual global Hackathon. Building on the success of its previous events – to redefine finance for good and build an unbiased fintech future […]
GAMI, Lockheed Martin Join Forces to Localize Work on Terminal High Altitude Area Defense (THAAD) Missile Defense System in Saudi Arabia #WDS2022
RIYADH, SAUDI ARABIA | 7 MARCH 2022 The General Authority for Military Industries (GAMI) has announced today in the World Defense Show, its approval of two localization projects: the first, for localizing the manufacture of missile interceptor launchers, and the second for producing the missile interceptor canisters locally. In collaboration with Lockheed Martin, these projects […]
Jadwa Investment launches Liwan Investment Fund
Riyadh, 7 March 2022: Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today the successful launch of Liwan Investment Fund in partnership with Liwan Real Estate Company and Riyad Bank. Liwan Investment Fund is a SAR 312 million closed-end Shariah-compliant real estate fund that has been launched for the […]
Vatika Voices Empowers 1000 Arab Women to Launch Successful Businesses this Women’s Day #IWD2022
Vatika’s recent campaign with Entreprenelle encourages a thousand Arab women to find their voices and live their natural best through skill enablement courses Dubai, United Arab Emirates, 7th March 2022: Vatika Voices, a unique campaign designed by the leading hair care brand Vatika along with Entreprenelle, a social development & business impact organization, in December […]
LNDDO Digital Lending partners with Magnati to improve access to capital for UAE SMEs
Abu Dhabi, United Arab Emirates, March 7th 2022: LNDDO Digital Lending Limited, a direct lender in the UAE regulated by the FSRA in the Abu Dhabi Global Market, has partnered with Magnati, a regional leader in the payment solutions industry, to empower SMEs by improving access to capital. The collaboration leverages strategic synergies between the two companies, enabling […]
Saudi Ministry of Human Resources and Social Development and Jadwa Investment launch funds to develop non-profit sector
Riyadh, 6 March 2022: The Saudi Ministry of Human Resources and Social Development and Jadwa Investment, a leading investment management and advisory firm in Saudi Arabia and the wider region, jointly announced the establishment of two investment funds to further develop the non-profit sector at a launch event hosted by the Ministry in Riyadh last […]
Saudi Arabia’s World Defense Show kicks off first edition with nearly 600 exhibitors from over 40 countries
• Biennial show to accelerate future industry trends, showcasing latest tech developments• Expected 30,000 visitors visiting stands and pavilions featuring hundreds of local and global firmsRiyadh, 5th March 2022 – Under the patronage of Custodian of the two Holy Mosques King Salman bin Abdulaziz Al Saud, Saudi Arabia’s World Defense Show will open its first-ever […]
Huawei powers the digital economy with the launch of new intelligent solutions for enterprises and telcos
[March 3, 2022] At MWC Barcelona 2022, Huawei announced the launch of new intelligent solutions to empower enterprises and telcos, power the digital economy, and accelerate digital transformation across various industries. On the enterprise front, Huawei showcased a variety of solutions including: All-new upgrades to its Intelligent Cloud-Network Solution. This includes upgrades in three major […]
stc pay Explored the Progression of Future Connectivity at MWC Barcelona 2022 #MWC22
RIYADH, March 2, 2022 – stc pay, MENA’s most prominent digital wallet and a leading regional operator in fintech providing innovative and secure digital financial services, participated at this year’s Mobile World Conference Barcelona which took place recently. MWC is the most influential annual event for the connectivity industry and brings together world-leading companies to […]
Samsung and the United Nations Development Programme Invite Six New Young Leaders to Their Global Goals Initiative
Generation17 now supports 14 young inspirational changemakers taking action for the 17 Global Goals Nora Altwaijri from Saudi Arabia is one of these 14 changemakers. She is a software engineer educating people on the Global Goals and connecting them to impactful resources through digital platforms Riyadh, Kingdom of Saudi Arabia, March 02, 2022 – Samsung […]
Huawei seeks to ‘Light up the Future’ at #MWC22
Rotating Chairman Guo Ping speaks on the company’s plan to continue its globalization strategy and increase its strategic investment into foundational technologies [March 1, 2022] At this year’s MWC Barcelona, Huawei is meeting with global operators, industry partners, and thought leaders for discussions on topics including 5G business success, green technology, IT growth, and the […]
Noon.com opens the largest Customer Fulfillment Center in Saudi Arabia
noon.com expands its operations and logistics services in the Kingdom of Saudi Arabia Riyadh, KSA. 1st March 2022: noon.com, the Middle East’s leading digital e-commerce platform, has opened its largest warehouse space in Riyadh, Saudi Arabia, as part of its ongoing expansion of the logistics and fulfillment network in the Kingdom. The new Customer Fulfillment […]
Start-up company CommerceUp debuts in MENA region to provide end-to-end e-commerce technology solution
Company’s entry to regional market comes amid growing e-commerce sector MENA’s e-commerce market volume in 2020 reached USD 41.5 billion, says report Unified technology solution to bring down business costs while supporting three pillars of e-commerce Dubai, UAE, March 01, 2022: CommerceUp, a start-up service provider of cloud-based e-commerce platform, has officially debuted in the […]
Almarai receives the highest rating from the SFDA for its adherence to food safety requirements
Almarai’s manufacturing facilities obtained the highest rating (A+) from the Food and Drug Authority as part of an “evaluation program” for evaluating food establishments in the Kingdom. The facilities that obtained the ratings were Almarai Factories in Al-Kharj, Western Bakeries Factory Al-Kharj Branch, and Almarai Baby Food Factory. Almarai factories obtained the highest ratings according […]
Electric Vehicle Manufacturer Lucid Group Gearing Up for First International Plant in Saudi Arabia After Signing Agreements with Multiple Agencies
Lucid announces long-term plan to bring advanced automotive manufacturing to Saudi Arabia to address global demand. Lucid estimates that the location of Lucid’s first international manufacturing plant in Saudi Arabia may result in up to $3.4 billion of value to Lucid over 15 years. New international manufacturing plant targets 150,000 vehicles per year at the King Abdullah Economic City […]
EDGE to Showcase Region’s Leading Advanced Technology Solutions at World Defense Show #WDS2022
Seven EDGE Group entities will exhibit products at the inaugural event Presence at WDS reinforces Group’s global position and signals commitment to KSA market Abu Dhabi, UAE: 28 February, 2022 – EDGE Group is proud to announce its participation in the inaugural World Defense Show, being held in Riyadh, the capital of the Kingdom of […]