Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Dar Al Arkan and Madinat Al Wouroud join forces for a premium eco-friendly residential project nestled within Taif’s breath-taking nature
Riyadh, KSA, Dar Al Arkan, the leading real estate company in Saudi Arabia, has signed a joint agreement with Madinat Al Wouroud Housing Development company to develop a premium residential project in the governorate of Taif in the Southwest of Saudi Arabia. The SAR 3.7 billion project will be developed on an area of 1 million […]
Almarai continues its campaigns in preserving the environment to support “Green Saudi Initiative”
Almarai continued its efforts to preserve the environment by launching a number of environmental campaigns in various regions of the Kingdom to maximize vegetation cover and increase green spaces. These efforts come as a commitment to the company’s environmental responsibility and are in line with the “Green Saudi Arabia” and “Green Middle East” initiatives. Almarai […]
Half of Gulf business leaders fear increased competition as data training programmes stall
Whilst digital transformation initiatives accelerate at breakneck speeds, Alteryx research shows over half of senior Gulf leaders face an ever-growing challenge to deliver on core data projects KSA — October 25, 2021 — Alteryx, Inc. (NYSE: AYX), the analytics automation company, today highlights a core discrepancy between the accelerated pace of digital transformation and the provision of […]
GoDaddy launches ten ideas to enhance owners of small business online marketing strategy
GoDaddy which is empowering everyday entrepreneurs around the world by providing all of the help and tools to succeed online has launched tips for small business owners who are in the process of launching a new business or already have one, having a solid marketing strategy for their brand is a MUST. Below the curated […]
Savola Group, through Savola Foods Company, successfully completes the acquisition of Bayara Holding
The acquisition is in line with Savola Foods’ strategy to develop a contemporary business & focus on the youthful and growing categories Jeddah, Kingdom of Saudi Arabia – 25 October 2021: Savola Group, a leading strategic investment holding company with focus on the food and retail sectors in the Middle East and North Africa; Levant Capital, an […]
Social media main enabler for growth among women-owned businesses
95% of women SMEs in the region identify social media channels as the top tool to drive their business ventures Nearly 3 out of 4 women currently rely on word-of-mouth to market their products and services Findings revealed at the inaugural women business workshop hosted by Mastercard and Female Fusion at Expo 2020 Dubai’s Women’s […]
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Almarai by 2025: Reducing waste to 50%..100% of cold stores will be CFC-free
Almarai’s 2020 Sustainability Report revealed that by 2025, Almarai will achieve its strategic goal of reducing waste dumped in landfills across all its sectors by 50%. In addition to that, 100% of the cold stores in Almarai warehouses will be free of Chlorofluorocarbons (CFCs) to reduce global warming. The report added that Almarai continued to […]
Samsung Electronics gears up for the launch of ‘Samsung Week’ across its online shop in time for its 52nd anniversary
Exceptional offers and discounts to launch during the week [Riyadh – Saudi Arabia, 24 October 2021] – Samsung Electronics is gearing up for the launch of Samsung Week, the largest global brand promotion event, in celebration of the company’s 52nd anniversary and its innovation over the years. Samsung Week, which will take place from 25 October […]
Almarai ranks fourth globally in achieving sustainability for the environment
Almarai ranked fourth globally in the list of Kantar Research Company in achieving sustainability for the environment for the year 2021. The list was issued as a joint initiative of three research companies (Kantar, Europanel, and GfK). More than 88,000 people were interviewed in 26 countries, including Saudi Arabia, Belgium, Brazil, China, Colombia, Costa Rica, […]
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Dubai Sports Council (DSC) Signs an Exclusive Technology Partnership Agreement with Tecnotree
DUBAI, United Arab Emirates–(BUSINESS WIRE/AETOSWire )– Tecnotree, a leading global provider of technology solutions for Digital Service Providers, announced at GITEX Global (the undisputed tech event for the last 40 years) that Dubai Sports Council (DSC) has selected Tecnotree as DSC’s exclusive technology and ecosystem partner. The agreement was signed by His Excellency Saeed Mohammed Hareb, […]
MA’AN SHOWCASE NINE OF ITS ‘IMPACT MAKERS’ THAT CAME THROUGH ITS SOCIAL INCUBATOR AT GITEX
The Authority of Social Contribution – Ma’an was present for the first time at GITEX under the official platform of the Abu Dhabi government – via the Abu Dhabi Digital Authority. Ma’an showcased nine of its ‘Impact Makers’ – start-up social enterprises that came through its Ma’an Social Incubator programme which is providing innovative, tech-based solutions […]
Dubai Internet City and in5 give start-ups a promising platform at GITEX
The region’s leading tech hub hosted high-level guests and professional development workshops at its pavilion. The in5 stand saw numerous one-to-one meetings between start-up founders and angel investors, while the incubator signed a series of MoUs to bolster its start-up ecosystem. October 21 2021, Dubai, UAE: Dubai Internet City (DIC) and in5 concluded their activities […]
75% of Saudi consumers trust digital payments for online and in-store shopping: Visa-Saudi Payments survey
75% of Saudi consumers trust digital payments for online and in-store shopping: Visa-Saudi Payments survey – Consumers reported improved technology and safety measures helped them retain confidence in digital payments. – 85% drop in Cash on Delivery during pandemic as consumer trust in digital payments continues to rise– Findings suggest digital payments adoption will continue to […]
Cura – Saudi Arabia’s leading telehealth startup announces a SAR 15 million Series-A investment from ELM and Wa’ed
19 October, 2021 – Cura, Saudi-based leading telehealth startup that works to revolutionize public access to professional digital healthcare services in Saudi Arabia announces closing of SAR 15 million Series-A investment from ELM and Wa’ed (the entrepreneurship arm of Saudi Aramco). Established in 2016 by software engineers Wael Kabli and Mohammad Zekrallah, Cura became the first Saudi-based […]
Mastercard Academy: ‘The Entrepreneur’s Odyssey’ Educational Platform to help SME owners grow a resilient business venture
Online playbook hosts free-to-access learning modules that bring SME owners and leaders face-to-face with renowned academics from Harvard, INSEAD, Wharton and the Christiansen Institute of Innovation Seasoned entrepreneurs, investors and Mastercard thought leaders comprise additional faculty to teach both the theory and practice of small business success Riyadh, Saudi Arabia; 18 October 2021: From urban kiosks […]
Wa’ed allocates up to SAR 6.9 million in new seed grants and VC funds during its fourth Roadshow stop in Riyadh
A total of SAR 6.9 million was dedicated to three Saudi entrepreneurs at the fourth roadshow stop in Riyadh 18 October 2021 – Wa’ed, the entrepreneurship arm of Aramco, has dedicated a total financial aid of SAR 6.9 million to three Saudi-based startups, as the centre concludes its fourth roadshow stop in Riyadh after successfully completing […]
Finastra introduces instant onboarding for cloud payments technology
Move provides fast and automated onboarding for financial institutions via open APIs, enabling them to bring innovative payments solutions to customers at speed Dubai, UAE – October 18, 2021 – Finastra announced new instant onboarding capabilities for its Fusion Payments To Go solution. The move enables banks to access the benefits of Finastra’s SaaS solution at speed and […]
The first world economic congress that aims to change the face of world economies – IUBCCI Worldwide Headquarter and IUBCCI UAE
The High-End Congress of Economic Diplomacy event hosted and organized by the International Union of Bilateral Chambers of Commerce and Industry of the United Arab Emirates (IUBCCI UAE) is set to have its first edition on Wednesday, the 20th of October 2021 and fixes a high objective: to discover and set the new economic trends in the world […]
Hoo makes Middle East debut with Future Blockchain Summit in Dubai
Dubai, United Arab Emirates, 17 October 2021, (AETOSWire): Hoo — the world’s leading blockchain assets service platform made its debut in the region at the Future Blockchain Summit. Founded in 2018 and after 3 years of development, Hoo Group’s business offering entails the entire blockchain ecosystem with over 2.4 million total users covering more than 120 countries and […]
Almarai ranks 4th in Forbes “World’s Best Employers list” in the Middle East
Almarai ranked in the first places in Forbes list of “World Best Employers” in 2021 among 11 companies in the Middle East. Almarai, headquartered in Riyadh, ranked fourth among 11 companies in the Middle East and 316th in the global ranking among 750 multinational companies. “This advanced rank of the company in the list of […]
WHY HIGH STANDARD SERVICES MATTER TO THE DIGITAL TRANSFORMATION OF YOUR COMPANY
Digital transformation journey allows organisations to evaluate everything that a business does from internal systems to customer interactions to improve efficiencies Digital transformation adds value to every interaction and changes the way business gets done. The bottom line is that, when implemented professionally and correctly using the best-in-class tools, a digital transformation journey is guaranteed […]
SWIFT Go builds momentum as 100+ banks sign up for service that powers SME and consumer payments
China Minsheng Bank, Deutsche Bank and JPMorgan Chase are latest to go live to support small businesses and consumers with fast, secure, predictable cross-border payments Rapid adoption of SWIFT Go since launch in July reinforces SWIFT strategy for instant, frictionless cross-border transactions Brussels, 14 October 2021 – SWIFT today announces that 100 banks around the world […]