Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Mindware to Showcase Technologies that Support Digital Transformation of Saudi Arabia at LEAP’ 22
RIYADH, KSA, 31st January, 2022 – Aklaniat Technologies, a subsidiary of Mindware and a leading Value-Added Distributor in the Saudi market, today announced its participation at LEAP, the global platform for the most disruptive technology professionals, taking place in Riyadh between 1 – 3 February. With a large and varied portfolio of world class vendors, offering market leading technologies in […]
stc pay Addresses Fintech And Innovation During LEAP And Showcases The Drive Towards A Cashless Society
RIYADH, Jan, 31, 2022 – stc pay, MENA’s largest digital wallet and a leading regional operator in fintech providing innovative and secure digital financial services, will be one of the main participants at this year’s LEAP 2022 conference. LEAP will bring together the global technology community to tackle the biggest socio-cultural challenges of the world. In […]
Proven Arabia to Exhibit Leading Technologies at #LEAP22
Proven Arabia will be participating at LEAP this year to introduce the company’s latest innovations Dubai, UAE – January 31, 2022 – Proven Arabia, an international holding company for its’ portfolio of corporate brands that offer global solutions for companies in the Middle East, has announced its participation in LEAP in Riyadh, Saudi Arabia from February 1st until […]
Everdome Metaverse Coin to be Listed on the Second Largest Crypto Exchange OKX
Everdome listing on the second biggest exchange platform will springboard towards mass adoption JANUARY 31, 2022 – Everdome, the new metaverse experience – leveraging a high-tech, immersive, and hyper-realistic virtual environment, is announcing that their new token, DOME, will officially be listed on OKX.com on the 8th of January. OKX, which has over 250 digital assets […]
Uber MENA: 2021 in Numbers
When we closed 2021, we completed Uber’s Year in Review – a look back over the year to reflect on how Uber was used in the MENA region. Since launch, we’ve been busy Zooming out, Uber has been busy since we launched in MENA. Over 31 million riders have taken trips, and drivers have always […]
MALAYSIAN MINISTER LAUNCHES COMMODITIES INTEGRATION MARKETING COMPANY IN JEDDAH, SAUDI ARABIA TO STRENGTHEN MARKET POSITION
27 January 2022 1. Hon. Datuk Hajah Zuraida Kamaruddin, Minister of Plantation Industries andCommodities of Malaysia officially launched the agricommodity regional officein Jeddah during a ministerial mission to Saudi Arabia followed by a RoundtableDiscussion with the representatives of Palm Oil, Rubber and Timber Industriesof Saudi Arabia to strengthen market position in this region for Malaysia’sagricommodity […]
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Nutanix to Bring Message ‘Cloud on Your Terms’ to #LEAP22
RIYADH, Saudi Arabia, 27th January, 2022 – Nutanix (NASDAQ: NTNX) a leader in hybrid multicloud computing, today announced its participation at LEAP, the global platform for the most disruptive technology professionals, taking place in Riyadh between 1 – 3 February. The company will exhibit under the theme ‘Cloud on Your Terms’ and demonstrate Nutanix’s simple, flexible, and cost-efficient platform […]
92% of Government IT Decision-Makers Agree Saudi Arabia is Accelerating towards Digital Transformation
More Than Half to Invest in HCM, ERP, and Core Solutions in 2022 and Beyond 77% to Invest in AI/Machine Learning and Predictive Analytics in 2022 and Beyond RIYADH, Kingdom of Saudi Arabia — 27 January 2022— Nearly all (92%) of Saudi Arabia’s government IT decision-makers agree that the COVID-19 pandemic has accelerated their digital […]
Kaspersky celebrates fourfold growth in MSP sales since 2019
In the first three years of its MSP Foundation project, Kaspersky has achieved fourfold growth in sales among its managed service providers. In addition, the number of active partners has increased three and a half times since 2018, with significant growth in countries within Europe, North America, and South Africa. The introduction of a flexible pay-as-you-go […]
LG ANNOUNCES 2021 FINANCIAL RESULTS
Highest Full-Year and Fourth-Quarter Revenues in LG Electronics’ History Driven by Strong Demand in Premium Home Appliances and TVs Jeddah, Saudi Arabia, Jan. 27, 2022 — LG Electronics Inc. (LG) continued its strong performance in 2021, achieving the highest annual revenues in its history with full-year sales of KRW 74.72 trillion (USD 63.16 billion). This increase of 28.7 percent over 2020 was […]
Tetra Pak announces the inauguration of first-of-its-kind solution in the Arab region to recycle carton packages
Tetra Pak announces the inauguration of first-of-its-kind solution in the Arab region to recycle carton packages Riyadh, 27 January 2022: Tetra Pak®️, the world’s leading food processing and packaging solutions company’, has inaugurated a solution to recycle carton packages – the first of its kind in Arabia area. The initiative was made possible by an […]
Data-led innovation key to Saudi’s position as digital hub of the future
Dell Technologies to showcase future-ready solutions at LEAP 2022 Riyadh, KSA – 27 January 2022 Dell Technologies is set to lead the conversation on emerging technologies and empower Saudi Arabia in its drive towards a digital-ready future at LEAP 2022 in Riyadh from February 1-3, 2022. The inaugural edition of the largest technology event, LEAP […]
HONEYWELL LAUNCHES CALLIDUS FLARE TECHNOLOGY PRODUCTION FACILITY IN SAUDI ARABIA
Energy efficient and low-emission flare technology to help petrochemical industry reduce carbon footprint Callidus Flare Technology production facility to be based in Jubail Industrial City’s petrochemical complex Production facility to contribute towards Saudi Arabia Vision 2030 and IKTVA RIYADH, Saudi Arabia, January 26, 2022 — Honeywell (Nasdaq:HON), a global technology leader, today announced the launch of its Callidus® Flare Technology production […]
NOON.COM CELEBRATES ITS MOST DISTINGUISHED SELLERS ACROSS THE KINGDOM
noon’s thirteen boldest sellers across Saudi Arabia awarded for their outstanding performance in 2021 Riyadh, KSA, 26th January, 2022: noon.com, the region’s leading digital e-commerce platform, celebrated its most distinguished sellers across Saudi Arabia, awarding trophies to its brightest retailer partners as a mark of appreciation for their excellence and continued support throughout 2021. Award recipients […]
Emirates NBD KSA awarded Best Foreign Bank and Best Credit Card in KSA by the International Finance Awards 2021
Riyadh, KSA 26 January 2022: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has been awarded the Best Foreign Bank in KSA 2021 and the Best Credit Card in KSA 2021 by the International Finance Awards. The International Finance Awards celebrate corporate excellence, recognizing industry talent, leadership skills, […]
Mastercard Installments BNPL program gives consumers in the UAE and Saudi Arabia more payment choices wherever they shop
New Buy Now, Pay Later (BNPL) program gives consumers a flexible, ubiquitous way to pay online and in-store through equal, interest-free installments – an additional choice to debit, credit or prepaid cards Mastercard Installments – set to go live this year – will give banks, lenders, fintech companies and wallets the ability to offer BNPL […]
Noon.com’s online payment gateway, noon payments, launches in Egypt
Riyadh, KSA. January 25th, 2022: noon.com, the Middle East’s leading digital marketplace, has launched noon payments, a complete online payments platform that will help SMEs in Egypt grow by providing a world class payments solution. noon payments is a full-service payments platform that aims to make transactions easier. The online payments gateway offers quick onboarding, simple API […]
Cedar Rose Approved as an Enhanced International Support Service Supplier for the UK Department for International Trade
Cedar Rose has been approved as an Enhanced International Support Service (EISS) supplier for the Department for International Trade (DIT) in the UK. As part of this development, Cedar Rose will be one of a number of companies supporting UK exporters to reach new markets in the Middle East, Afghanistan, and Pakistan (MEAP) region. Laura Bos, Regional Head […]
Jadwa Investment exits UEMedical through sale to Mubadala Health
Riyadh, January 2022: Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today the completion of a landmark divestment for Jadwa Healthcare Opportunities Fund 2. The private equity fund achieved its full exit through the sale of its stake in United Eastern Medical Services (UEMedical) to Mubadala Health, the integrated health […]
Almarai Manufacturing Facilities achieved Global Food Safety Initiative (GFSI) recognized Food Safety Certification
Almarai Manufacturing Facilities achieved Food Safety certification recognized by the Global Food Safety Initiative (GFSI), an alliance of world-leading consumer goods companies to ensure safe food for all. According to this achievement, all of Almarai’s manufacturing facilities without exception have been certified according to FSSC 22000, a standard recognized by the Global Food Safety Initiative […]
Network International launches Tap on Phone in partnership with Mastercard to expand digital payment acceptance across Middle East & Africa
Partnership will enable 500,000 new merchants and SMEs to accept payments through mobile phone, via Tap on Phone technology Deepening collaboration between Mastercard and Network International is driving acceptance and innovation of digital payments across the Middle East and Africa region Saudi Arabia – 20 January 2022: An estimated 500,000 new merchants across the Middle East and […]
Alturki builds on its commitment to localization by participating in the 2022 IKTVA Forum and Exhibition as a Diamond Sponsor
Dhahran, Saudi Arabia, January 20, 2022, (AETOSWire): Alturki Holding has committed to participate in the next IKTVA Forum and Exhibition as a Diamond Sponsor. The Forum, which runs from January 24-26, 2022, at the Dhahran Exhibition Center, is a content localization initiative by Saudi Aramco, designed to drive increased investment, job creation, research and development, and local […]