Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Huawei partners with Saudi Space Commission to launch first technology experience center in KSA
The new technology experience center, Future Space, is the largest exhibition center outside of China covering an area of 1,500 square meters The exhibition is set to attract 200,000 visitors in the next five years Saudi Arabia, June 22, 2022: In collaboration with the Saudi Space Commission, Huawei has launched Future Space, the first technology […]
Mastercard signs MoU with Saudi Esports Federation to promote the Kingdom’s billion-dollar gaming industry
Partnership will see new products, services and solutions delivered to gamers and consumers in Saudi Arabia and wider region Gaming and esports consumption in Saudi Arabia expected to reach $6.8 billion by 2030 Riyadh, Saudi Arabia; 22 June 2022. Mastercard and the Saudi Esports Federation (SEF) have signed a Memorandum of Understanding (MoU) to help promote the Kingdom’s […]
CHARLES & KEITH LAUNCHES DEDCIATED ECOMMERCE WEBSITE IN SAUDI ARABIA
SAUDI ARABIA, 21st June 2022 – CHARLES & KEITH, the go-to label for accessible designs that are on the cutting edge of fashion, enhances its omnichannel experience in Saudi Arabia with the unveiling of a new ecommerce website, CHARLESKEITH.SA on June 13th. With the launch of this exciting retail platform, consumers will now be able to shop more […]
Aramco and Cognite join forces in new data venture
Based in Saudi Arabia, CNTXT aims to bring new cloud and industrial software solutions to the digital transformation space. RIYADH, Saudi Arabia – June 19, 2022 – Aramco and Cognite, a global leader in industrial software, have launched CNTXT, a joint venture based in the Kingdom of Saudi Arabia. Headquartered in Riyadh, CNTXT will support industrial […]
ORGANIC FOODS AND CAFÉ RETROFITS DUBAI STORE LOCATION WITH LOWER-GLOBAL-WARMING POTENTIAL HONEYWELL SOLSTICE® N40 REFRIGERANT
Supermarket chain uses Honeywell’s ready-now, energy efficient and environmentally-preferable refrigerant solution to support sustainability efforts DUBAI, UNITED ARAB EMIRATES – June 16, 2022 – Honeywell today announced that Organic Foods and Café, a grocery retailer based in the United Arab Emirates (UAE), adopted Solstice® N40 (R-448A) refrigerant to retrofit one of its Dubai store locations currently using R-22. Organic Foods and Café plans to […]
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Mastercard Welcomes NymCard as Principal Mastercard Issuer to Boost UAE Fintech Landscape
Riyadh, Saudi Arabia – 16 June, 2022: Mastercard has certified NymCard, a plug-and-play banking-as-a-service (BaaS) provider, as a Principal Mastercard Issuer in the UAE. The milestone announcement marks the first time a fintech in the UAE is licensed to issue cards by Mastercard. The license from Mastercard enables NymCard to become the UAE’s one-stop provider for fintechs and […]
Cisco Live 2022: New Innovations Fuel the Modern Enterprise
New innovations span Cisco’s networking, security, collaboration, and optimized applications portfolio “Innovation Showcase” at Cisco Live offers a look into the future with technology previews CISCO LIVE, June 16, 2022 – This week, Cisco (NASDAQ: CSCO) kicked off Cisco LIVE 2022, the premiere networking and security event that brings together the Cisco community to showcase innovations, […]
GoDaddy Continues to Support Entrepreneurs to Survive Tough Sales Seasons During Summer
Selina Bieber: “As more people go on holidays and take time out in the summer, there tends to be a drop in sales and marketing activity. Therefore, it’s important business owners focus on how to make their products and services attractive and adapt to the summer season.” Jeddah- 16 June 2022: GoDaddy Inc. (NYSE: GDDY), the […]
Mastercard and EziPay join to provide fintechs more digital commerce solutions for millions in Middle East and Africa
Partnership will enable millions of potential EziPay customers to transact on global online platforms with a Mastercard virtual payment solution linked to the EziPay wallet Collaboration underpins a new wave of financial inclusion through mobile devices, unlocking opportunities for millions of people across MENA Riyadh, Saudi Arabia; 15 June 2022: Mastercard has strengthened its collaboration with major fintech […]
Visa Everywhere Initiative 2022 Finalists Announced for Central Europe, Middle East and Africa Region
Kingdom of Saudi Arabia, Riyadh, 15 June 2022 – Visa today announced the 5 finalists who will be pitching at the Central Europe, Middle East, and Africa (CEMEA) Visa Everywhere Initiative, a global innovation program and competition for start-ups and fintech companies. More than 1,300 applicants entered the competition from across the region, each with […]
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Jadwa Investment Acquires Majority Stake in Dabdoob Holdings
Riyadh, KSA, 14 June 2022 — Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today its first regional venture capital investment through Jadwa E-Commerce Opportunities Fund’s acquisition of a 70% equity stake in Dabdoob Holdings Limited Company (“Dabdoob”), owner of the largest toy e-commerce application in the GCC. Founded […]
Geidea wins accolades at the Seamless Middle East Awards 2022
Riyadh, Saudi Arabia, 13 June 2022: Geidea, the largest fintech company in Saudi Arabia by market share, won the ‘Best Payment Experience Award’ and ‘Digital Leader Award’ attributed to Abdullah Al Othman, Founder and Chairman of Geidea during the Seamless Middle East awards ceremony 2022. The award was given in recognition of Geidea’s transformation from a […]
Mastercard Economics Institute: Pent-up demand drives global leisure and business flight bookings past 2019 levels
United Kingdom is the choice destination for travelers from Eastern, Europe, Middle East and Africa Cruises, buses and trains see strong spending rebound in 2022 as Covid restrictions loosen Riyadh, Saudi Arabia ; 13 June 2022: After a turbulent two years, new research from the Mastercard Economics Institute reveals that global leisure and business flight bookings1 have surpassed pre-pandemic levels, while spending […]
Global Study Shows Financial Services Organizations are in Early Phases of Multicloud Adoption
Research Reveals Hybrid Multicloud is the Ideal IT model, but the Financial Services Industry is Slower to Adopt DUBAI, UAE – 13th June, 2022 – Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, announced the financial services findings of its global 2022 Enterprise Cloud Index (ECI) survey and research report, which measures enterprise progress with cloud adoption in the industry. The […]
SAS Appoints New Country Manager to Drive Business Strategy and Reinforce Governance
Bader Bahaian to lead adoption of SAS innovative solutions in the KSA cross-sector market Riyadh, Kingdom of Saudi Arabia, 12 June 2022: SAS, the leader in analytics, present in the Kingdom of Saudi Arabia for over 10 years, announced the appointment of Bader Bahaian as the Country Manager. This appointment comes in line with SAS’s strategy […]
Construction Technology Festival 2022 addresses 500+ guests at Address Hotel
Sessions with 150+ speakers, the launch of PropTech Festival and the ConTech Awards were among the Festival’s many highlights. 10 June 2022, Dubai – The fifth Construction Technology Festival (CTF) successfully concluded on June 8. The renowned event showcasing digitalisation and sustainability welcomed over 500 attendees, including industry experts, dignitaries, and AEC (Architecture, Engineering, Construction) leaders. […]
Investopia Platform Launches its New Economies Talks in Rabat Through UAE-Morocco Business Session
Investopia organized business session in Morocco in collaboration with the General confederation of Moroccan Companies, titled ‘Investopia Morocco business talk: current market landscape, opportunities, challenges’ Rabat was the second stop in the series of global Investopia talks that started in India in May 2022 The session discussed innovative and sustainable investment opportunities in the green economy […]
G42 Cloud and Commvault join forces to deliver revolutionary Cloud Backup and Recovery solutions in the UAE and Middle East and Africa
Abu Dhabi, United Arab Emirates, June 09, 2022 – G42 Cloud, a subsidiary of G42, a leading AI and cloud computing company and Commvault will expand their collaboration to make an intelligent data management services platform available in the UAE. This platform combines data protection and disaster recovery cloud offering with the right levels of data security, […]
Huawei Launches New Intelligent Cloud-Network Solutions to accelerate Middle East Digital Transformation
Huawei IP Club Carnival MENA 2022 sees global and regional experts unite to unpack the future of enterprise IP networking in the region Dubai, UAE, June 8, 2022: With an aim to empower Middle East enterprises with super computing power and intelligence, and accelerate digital transformation across industries, Huawei today unveiled three new IP networking […]
PayerMax Compliance Chief Highlights Key AML Tactics for Payment Industry with the Gaming Industry at Seamless Middle East 2022
Dubai, UAE, 9 June 2022: PayerMax hosted an exclusive session titled “Conquer the challenges when onboarding mobile gaming companies” at Seamless Middle East 2022 recently. Led by Timothy Dang, Compliance Director at PayerMax, the session addressed the vulnerability of the online mobile gaming industry to financial crimes. The event generated forward-looking and future-oriented discussions on the continuous […]
MIDDLE EAST CONSUMERS’ MOST LOVED BRANDS FOR 2022
Talkwalker and Hootsuite’s ‘Brand Love 2022’ report leverages consumer data to rank the world’s most loved brands by consumers. Talkwalker and Hootsuite analyzed consumer sentiment data for over 1,500 global brands to identify the Middle East market’s top 10 most loved by consumers in 2022. Their report demonstrates that actionable sustainability is critical for connecting […]
The governor of Riyadh honors Almarai for their support for intensive care at King Khalid Hospital in Al-Kharj
HRH Prince Faisal bin Bandar bin Abdulaziz, Governor of the Riyadh region, honored Almarai Company for its initiative to support the Health Endowment Fund with 2 million riyals in favor of developing intensive care for adults at King Khalid Hospital in Al Kharj Governorate. “Almarai is proud of the inauguration of His Highness the Governor […]