Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
National Bank of Bahrain signs an extended partnership with Mastercard to enhance portfolio through new premium offerings
Seven-year partnership will see NBB issue a range of debit, credit, prepaid cards and unique loyalty solutions to complement existing comprehensive offerings with Mastercard. Collaboration includes launch of highest tier cards targeted at UHNWI offering Priceless experiences. Saudi Arabia – 24 July, 2022: The National Bank of Bahrain (NBB), and global technology company Mastercard have announced […]
Axiory Intelligence expands its offerings portfolio with Signals, 1-on-1 Training and more on their newly launched website
Trade ideas, market alerts, unlimited access to market news and analysis, educational content, videos, webinars and 1-on-1 training for users to make smarter trade decisions Variety of valuable forward-thinking analysis and investment tools added on its brand-new website to educate the users Dubai, United Arab Emirates, 21th July 2022: Industry-leading market and news portal, Axiory Intelligence, has […]
READY, SET, SHOP: AMAZON.SA REVEALS PRIME DAY DEALS FOR SAUDI STARTING JULY 23
Prime Day kicks off on July 23 at midnight, 00:01 KSA time, and runs until July 24, offering epic deals exclusively for Prime members across electronics, home, kitchen, beauty, and more, from top brands including Samsung, Bose, Pampers, DeLonghi, LEGO, Bosch, as well as deals on Amazon devices such as Echo, Ring, and Kindle Prime […]
stc pay Launches Double Cashback Summer Campaign
Riyadh, Saudi Arabia; July 20, 2022. As part of its ongoing commitment to curating rewarding digital experiences that offer consumers added ease, comfort, and peace of mind, stc pay — Saudi Arabia’s leading mobile wallet — has launched a unique double cashback summer campaign. Until the 15th of August 2022, stc pay customers will be given the […]
LG RELEASES PRELIMINARY EARNINGS FOR SECOND-QUARTER 2022
Jeddah, July 20, 2022 — LG Electronics Inc. (LG) announced its preliminary earnings results for the second quarter of 2022. LG reported revenues of KRW 19.5 trillion in the second quarter of 2022, 15 percent higher than the same quarter the previous year. Operating profit for the second quarter was KRW 791.7 billion, expected to be 12 […]
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Digital Turbine Unveils a Unified Brand Identity and Strategy
The Unified Identity Simplifies Offering and Boosts Cross-Channel Approach Saudi Arabia, 19th July 2022: Digital Turbine (NASDAQ: APPS), today unveiled a bold and unified corporate brand and a single strategic purpose for its clients and partners —to power more connections, with more consumers, in more ways, across more devices. The new brand identity reflects an important milestone […]
SAUDI INSIGHT: Oil Boom to Bring Double-Digit Growth Surge
By Ziad Daoud (Economist) High oil prices will lift Saudi Arabia’s growth into double-digits this year, the fastest pace since 2003. The Kingdom will pump crude at near-capacity to meet rising global demand. Higher prices are also filling the government’s coffers, providing room to increase spending on activities such as construction and services. Oil output […]
Citi UAE Introduces Recycled Plastic for Corporate Cards
Dubai, UAE: Citi has announced that it has introduced Recycled PVC (rPVC) for its corporate cards. In Q2/2022, the rPVC rollout commenced in the Europe, Middle East, and Africa (EMEA) region. The United Arab Emirates (UAE) was one of the first EMEA markets to launch and issue rPVC corporate cards for its corporate clients. Citi UAE has […]
THE PATH TO A ZERO-EMISSION AUTOMOTIVE INDUSTRY IN AFRICA AND THE MIDDLE EAST
Oxford Business Group and General Motors team up for latest ESG Intelligence report GCC/Africa, July 2022: The first of a two-part Environmental, Social and Governance (ESG) Intelligence report, produced by Oxford Business Group (OBG) in partnership with General Motors (GM), explores the key role that electric vehicle (EV) production could play in cutting carbon emissions and creating viable sustainable mobility […]
Alinma Bank and FOODICS Sign Strategic FinTech Partnership to Empower SMBs and Micro-Businesses in the Kingdom
Alinma Bank has one of the most advanced banking infrastructures in Saudi Arabia Partnership to benefit SMBs and Micro-Businesses in the Kingdom with twice daily settlements. 18 July 2022, Riyadh, Saudi Arabia., Alinma Bank, one of Saudi Arabia’s largest financial institutions – one of leaders in digital payments, has announced today that it has signed a […]
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Roland Berger opens new offices at KAFD, cementing its presence in KSA and placing the firm at the new epicenter of business in the Kingdom
18 July 2022 – Riyadh, Saudi Arabia: Having achieved stellar growth during the past years in its Middle East operations, Roland Berger, a leading European strategy consultancy firm, has opened new offices at King Abdullah Financial District (KAFD) in Riyadh, thereby affirming its presence and commitment to this growing and important market. “As KSA is one […]
TRIBAL CREDIT OFFERS DIGITAL EXPENSE MANAGEMENT TOOL FOR SMMES TO ADDRESS ECONOMIC CHALLENGES
More businesses across the region are adopting digital tools to control expenses According to fintech Tribal, organizations using its digital platform prepared more internal and real-time financial reports in May 2022. Dubai, 18 July 2022: Tribal Credit, a global fintech company, introduced its expense management platform giving its clients in the MENA region greater control […]
Zain KSA sees 219% rise in quarterly net profit SAR 134 million net profit in Q2 2022 
Zain KSA has achieved SAR 134 million in net profit during the second quarter of 2022, a 219% growth compared to the same period of 2021 and a 65% increase compared to the first quarter of 2022. These results reflect positive operational and financial performance marked by a 16% year-over-year revenue growth during the second […]
Introducing Keyper: A Homegrown UAE Startup Committed To Digitizing Real Estate Investment Management
Keyper, a digital platform set to redefine how investors and property owners manage their real estate portfolio in Dubai, has officially been launched. Using technology and experience, the startup brings the real estate market into the future, tackling common pain points that have, thus far, been ignored. Keyper streamlines the property management process while gaining […]
SAS acquires Kamakura to propel risk technology innovation as financial sector braces for volatility
Underscoring SAS’ growth in the domain-specific solutions space, the acquisition will enable SAS to greatly enhance the breadth of its risk solutions portfolio Dubai, UAE, 14 July 2022 Global AI and analytics leader SAS has acquired Honolulu-based Kamakura Corporation. Privately held Kamakura provides specialized software, data and consulting that helps financial organizations across the spectrum – […]
Emiratis Launch Shopping App to Support Home Businesses
DUBAI, July 13, 2022 — As the COVID pandemic in 2020 forced lockdowns, work from home mandates were introduced, and social distancing measures came into play, people found themselves with more leisure time than usual. With extra free time at their disposal, many decided to nurture the hobbies and passions they had and, in turn, […]
Immerse Yourself in Design at Herman Miller’s Redesigned Showroom in Dubai’s Marina Plaza
UAE, 12th July 2022: Herman Miller announced the re-opening of its showroom in Dubai’s prestigious Marina Plaza. Redesigned from top to bottom, it showcases the company’s iconic and innovative design solutions for both commercial, healthcare and hospitality spaces in a real-life workplace. The 750-square-metre space will be a living, breathing example of a workspace in motion. […]
AMAZON’S ANNUAL PRIME DAY SAVINGS EVENT RETURNS JULY 23 & 24 – WHERE PRIME MEMBERS CAN SHOP AND SAVE BIG ON AMAZON.SA
Prime Day offers 48-hours of epic deals exclusively for Prime members on Amazon.sa with incredible savings across top brands including Samsung, Bose, DeLonghi, in categories including electronics, fashion, beauty, kitchen, home, and Amazon Devices, and more Anyone can join Prime or start a 30-day free trial at www.amazon.sa/prime to access Prime Day and enjoy a range […]
BRF Sadia INAUGURATES NEW PLANT IN SAUDI ARABIA
Opening was held in the presence of representatives from the Ministry of Investment and Ministry of Industry and Mineral Resources Middle East region plays a strategic role in the Company’s growth plans in the international market Kingdom of Saudi Arabia, July 6, 2022 – BRF Sadia, one of the largest food companies in the world, has inaugurated […]
ACCIONA DEPLOYS SATELLITES TO FORECAST SEAWATER QUALITY FOR DESALINATION PLANTS IN THE MIDDLE EAST
PREDICTIVE INNOVATION The operation of desalination plants improves thanks to a predictive model for seawater quality that uses satellite measurements and Artificial Intelligence tools Riyadh – Saudi Arabia , July 6, 2022. ACCIONA, a leading operator of desalination plants in the Middle East, has developed a predictive model for seawater quality that is improving the operation […]
A Unique Project in Makkah Hosts Pilgrims Steps away from the Holy Mosque
Thakher Makkah provides exceptional options and opportunities for visitors and investors Thakher Makkah, one of the largest projects in the Holy City of Makkah, KSA, announced the provision of exceptional options and opportunities for visitors and investors, including pilgrims, Umrah performers and general visitors to Makkah, with an approximated distance of 1 km from the Grand […]
DUBAI SOUTH PROPERTIES ANNOUNCES LAUNCH OF SOUTH BAY
The project comprises over 800 villas and townhouses and more than 200 mansions Dubai, United Arab Emirates, 5 July 2022: Dubai South Properties announced the launch of South Bay, a new master development in the heart of The Residential District at Dubai South. The new project will be home to over 800 villas and townhouses and […]