Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Wa’ed and Fintech Saudi collaborate to launch the 2022 Fintech Accelerator Program
Saudi Aramco’s entrepreneurship arm (Wa’ed) collaborates with Fintech Saudi as a strategic partner, along with Flat6Labs, to foster the next wave of Saudi fintech entrepreneurs January 19, 2022 – Wa’ed, the entrepreneurship arm of Saudi Aramco, has collaborated with Fintech Saudi as a strategic partner, along with regional seed and early-stage venture capital firm Flat6Labs, to launch a 12-week Fintech Accelerator to […]
Cisco Forecasts Top Technology Trends For 2022
Riyadh, KSA – 17 Jan 2022: With the start of the New Year, Cisco has revealed the technology trends that are expected to make a significant impact in 2022 and beyond. Commenting on the trends and predictions, Osama Al-Zoubi, CTO, Cisco Middle East and Africa, said “Technology is always evolving and moving in exciting new directions. In a […]
GoDaddy Joins Forces with MyFatoorah on New Smart Payment Solution
New Addition to GoDaddy E-store Helps Entrepreneurs and Small Businesses in the MENA region to Manage Payments Online Jeddah – 13 January, 2022 – GoDaddy LLC. (NYSE: GDDY), the company that empowers everyday entrepreneurs announced today it is working in partnership with MyFatoorah in the Middle East and North Africa (MENA) region, to offer new payment […]
Saudi Ministry of Industry and Mineral Resources announces landmark Licensing Round as key milestone of the first Future Minerals Forum
The Licensing Round for a major mineral exploration license opens a new chapter in KSA’s mining journey The tender will unlock the Kingdom’s resources and attract international investment in support of the Kingdom’s Vision 2030 Riyadh, Kingdom of Saudi Arabia – 13 January 2022 – In line with Saudi Arabia’s Vision 2030 objective of diversifying its economy […]
Citi Launches Sustainability-Linked Supply Chain Financing in Algeria
Algeria – Citi has launched its first Middle East and North Africa (MENA) Sustainability-linked Supply Chain Finance (SSCF) program in Algeria with the aim of supporting clients as they advance their ESG priorities, improve the resilience of their supply chains and manage their working capital needs. Supply Chain Finance (SCF) programs benefit companies and their […]
Arab Ministers for Mineral Resources to convene in Riyadh under aegis of Future Minerals Summit
Riyadh, Kingdom of Saudi Arabia – January 6, 2022: The Ministry of Industry and Mineral Resources, in partnership with the Arab Industrial Development, Standardization and Mining Organization (AIDSMO), will convene the ‘Eighth Consultative Meeting of Arab Ministers for Mineral Resources’ in Riyadh on January 11, 2022. The ministerial meeting is a key part of the first-ever […]
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Axiory Introduces Its CopyTrade App Just Weeks After Launching a New Website
4th Jan 2022, UAE – Global fintech leader, Axiory has introduced social trading to its offering with the release of the Axiory CopyTradeApp. This comes two weeks after unveiling its rebrand with a new website launch. The FCA regulated social trading app invites traders to copy successful strategies or become master traders and build a following. Traders can get the app […]
Emirates NBD becomes first bank in Saudi to be awarded prestigious LEED® Gold V4 ID+C:CI certification
Bank also leads MENA region as first to secure LEED® Gold-certification for branches Continues to sharpen focus on sustainability in branch operations Riyadh, 04 January 2022: Emirates NBD, a leading banking group in the MENAT (Middle East North Africa and Turkey) region, has announced that its Al Quds branch in Riyadh has been awarded LEED® V4 ID+C:CI […]
Banque Saudi Fransi Partners with Mastercard To Launch the Region’s First Customizable Cashback Credit Card
Consumers will enjoy eight instant cashback categories that will enhance their lifestyle Riyadh, Saudi Arabia; 04 January 2022: Banque Saudi Fransi (BSF) and Mastercard have partnered to launch the region’s first customizable cashback credit card that provides cardholders with the opportunity to select the cashback features to complement to their lifestyle and preferences. The new Mastercard Banque Saudi Fransi […]
Jadwa REIT Saudi Fund Receives Best REIT Award
Riyadh, 2 January 2022: Jadwa REIT Saudi Fund, managed by Jadwa Investment, a leading investment management and advisory firm and one of the largest real estate investment managers in Saudi Arabia, has been awarded “Best Investment Return over Three Years” among REIT funds listed on the Saudi stock market for the year 2020. The award was […]
Geidea collaborates with Forus to enable simplified access to capital and loan financing for Saudi SMEs
Riyadh, Saudi Arabia, 2 January 2022: Geidea, the largest fintech company in Saudi Arabia by market share, has collaborated today with Forus, a leading Saudi based financial technology platform for debt crowdfunding, to simplify access to capital and loan financing for Saudi-based businesses. Through this new partnership, SMEs will be able to pay back their loan amounts directly […]
Rethink How You Consume IT
By: Mohammad Abulhouf, Senior Sales Director, KSA, Bahrain & Qatar at Nutanix The consumption of products and services has changed for good. We live in a consumer-centric world where we switch on the television and watch the service we elect, whether that is Amazon Prime, NetFlix, or Apple TV. The point is that as consumers […]
Technology is the Primary Disruptor and Value Creator Across All Sectors
By Juerg Kronenberg, Partner, Bain & Company, Middle East and Matthew Crupi, Partner, Bain & Company, Dallas Dubai, UAE, 28 December 2021: Most of the largest creators of value in recent years, regardless of sector, have one thing in common: technology is critical to their business. In general, companies and sectors with less tech-enabled innovation […]
Three Ways to Reinvent Retail Customer Engagement in a Post-COVID World
By Robbie Kearns, Senior Regional Vice President – Africa, Middle East, and the Mediterranean, Salesforce DUBAI, United Arab Emirates — 27 December 2021 — As the COVID-19 pandemic has accelerated the shift to shopping online, retailers have had to re-imagine how they do business in a new digital world. Over recent months, leveraging technology to stabilise their […]
Almarai achieves Excellence in Corporate Governance Award 2021
Almarai won the “Excellence in Governance Award 2021”, awarded to the best companies listed in the Saudi capital market, for successfully completing 150 governance standards. This recognition was announced in the Third Global Conference on Governance activities organized by Al-Faisal University. “Winning this award confirms Almarai’s commitment in implementing the corporate governance standards issued by […]
Schneider Electric and Worley collaborate to accelerate digital transformation in Saudi Arabia
Agreement aims to accelerate the uptake of digital solutions and technologies in key energy markets and smart city projects Riyadh, Saudi Arabia, 25 December 2021: Schneider Electric and Worley have signed a partnership agreement to develop and deploy digital solutions and new technologies for the energy market and smart city projects across Saudi Arabia. Together, they […]
New Mastercard podcast shows how financial inclusion is creating an equitable future for all
· Mastercard is shining a spotlight on the significance of financial inclusion in addressing some of the world’s most pressing socioeconomic challenges in a new podcast ‘Journey to One Billion’ experts, business leaders and entrepreneurs from the Middle East, Africa and around the world spotlight the innovations and partnerships that build a sustainable digital economy where people and the planet can […]
Esports Middle East LLC announce record-breaking year results for 2021
Esports Middle East LLC wins the 2021 Excellent Service Provider award from Tencent and continues its growth to be a leader in gaming service providers and digital solutions for brands. 23 Dec 2021 – Dubai, UAE: Esports Middle East LLC (ESME), a world-leading esports and gaming solutions provider based in the Middle East, has announced the […]
Jadwa Investment Launches Al Shorfa Investment Fund
Riyadh, 22th December 2021: Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today the successful launch of its Al Shorfa Investment Fund in partnership with First Avenue For Real Estate Development Company. Al Shorfa Fund is a closed-end, Shariah compliant real estate investment fund with a target size of SAR 250 […]
The General Entertainment Authority introduces innovative wearable pre-paid technology and cards for use at Riyadh Season with stc pay
The tap-to-pay wearable solution is rechargeable and offers a convenient and comfortable payment option The pre-paid solutions will reduce waiting times for rides, increasing the entertainment experience’s fun factor Riyadh, December 22, 2021 – As one of the sponsors for Riyadh Season, and in collaboration with the General Entertainment Authority and leading events management company Sela, […]
Value fashion brand Twenty4 launches new outlet in Dammam, brings new styles to one of the Kingdom’s fast-growing cities
Twenty4, a leading value fashion brand in the Middle East, has announced the launch of a new outlet in Dammam, hoping to acquaint the city with the latest styles in fast fashion and staying true to its promise of increasing accessibility to its customers. December 20th, Riyadh, Saudi Arabia: Twenty4, a leading value fashion brand in […]
The Event That Changed The Metaverse; Blockchain World Abu Dhabi Engaged, Excited and Educated the World
The inaugural Blockchain World Abu Dhabi welcomed over 5,329 attendees and streamed live, with global online visitors from over 100 countries The largest Blockchain event attendance in MENA region history for online and offline audiences Featuring over 60 expert speakers, with a total online reach of 1.3 billion social followers, who raptured audiences Abu Dhabi, […]