Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
PMI Launches Free, Online Course and Tool kit to Help Changemakers Jumpstart Project Success
KICKOFF™ digital course and tool kit introduces changemakers to the basics of project management and the actionable tools needed to effectively launch, execute, and manage projects United Arab Emirates, Dubai, 23rd Sep: Project Management Institute (PMI), the world’s leading association for project professionals and changemakers, announced the launch of KICKOFF , a new, free online course and tool kit […]
Shamma bint Sultan bin Khalifa Al Nahyan: ‘UAE led economic diversification in the region over last 50 years’
ABU DHABI, 22nd September, 2021 (WAM) — Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Co-founder of Aurora50, has said that “the UAE has led economic diversification in the region over the last 50 years, catalysing a shift towards a cluster-based economy and making significant headway in the establishment of innovative and sustainable industries.” The […]
Wa’ed raises support to Saudi entrepreneurs to 19.1 million SAR in national roadshow after new awards in Yanbu
8.9 million SAR in new loans and grants set aside at Yanbu event September 22, 2021 – Wa’ed nearly doubled its financial support to Saudi-based start-ups to 19.1 million SAR during a national entrepreneurship roadshow, following its decision to issue 8.9 million SAR in new loans and grants at an event in Yanbu. The socially distanced […]
Green innovations win big at Gulf Sustainability Awards 2021
Hosted by Awards International, the Gulf Sustainability Awards 2021 were held on September 20th, 2021, in Dubai; to celebrate recipients promoting the sustainable practices and green initiatives in the Middle East. Dubai based Dake Rechsand, a company offering transformative tech-enabled solutions in water conservation and desert farming, won Gold in the ‘Innovation in Sustainable Technologies’ category, […]
Gulf Region to Invest over USD 70 billion in Digital Infrastructure by 2024
EDISON Alliance 1 Billion Lives Challenge is a challenge to improve 1 billion lives globally by 2025 through affordable and accessible digital solutions. According to the World Economic Forum’s EDISON Alliance, an estimated 3.8 billion people worldwide are offline, and the cost of available broadband exceeds affordability targets in 50% of developed countries. Sharjah, United Arab […]
Emaar Al-Watan “EMAC” Marks Saudi’s 91st National Day with the Launch of Its New Identity
Jeddah, Kingdom of Saudi Arabia, September 23rd 2021: Emaar Al-Watan “EMAC”, leading Saudi building materials provider, has unveiled its new corporate brand identity in conjunction with the Kingdom’s celebration of its 91st National Day. The company’s latest milestone falls in line with the Saudi Vision 2030 and its leading role and contribution towards the development of Saudi […]
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Start Something Priceless with Mastercard at Expo 2020 Dubai
Mastercard premieres its global-first immersive, multi-sensory Cube that will connect visitors to their passions and bring emerging payment technologies to life Official Payment Technology Partner will feature a lineup of experiences for the six-month period September 22, 2021, | Riyadh, KSA – As the world looks to the UAE for the opening of Expo 2020 Dubai on […]
Laying the foundations for the future: the path to tomorrow
By Mona Althagafi, KSA Country Director, Serco Middle East The past year has highlighted the huge strides that our country has made when it comes to future-proofing our economy as we accelerate out of the pandemic. Whether it’s empowering women to achieve their goals, creating a skilled nationalized workforce, strengthening our citizen experiences, and investing […]
AMAZON PAYMENT SERVICES PARTNERS WITH AMERICAN EXPRESS TO EXPAND ONLINE PAYMENTS ACCEPTANCE FOR AMEX CARDHOLDERS IN SAUDI ARABIA
Amex cardholders in Saudi can now shop with their Amex card on merchant and supplier websites that use Amazon Payment Services. Riyadh, Saudi Arabia, 21st September 2021 – Amazon Payment Services, a payment processing service in the Middle East and North Africa (MENA) region, has partnered with American Express to offer Amex cardholders access to thousands of online […]
Almarai’s Sustainability Report 2020:119% increase in solar energy usage
Almarai’s Sustainability Report 2020 revealed a 119% increase in solar energy use compared to 2019, as part of the company’s keenness to implement more sustainable solutions to reduce emissions every day. According to the annual report, Almarai is aware of the serious risks involved in climate change and the impact of greenhouse gas emissions associated […]
New appointments made at ALSTOM AMECA to further strengthen the company’s regional footprint
21 September 2021 – Alstom appoints new members to its Africa, Middle East, and Central Asia (AMECA) leadership team, as part of the Group’s efforts to strengthen its regional presence. Sacha Parneix has been appointed as Vice President of Sales & Marketing for the AMECA region. Sacha was most recently Chief Commercial Officer at GE Steam Power, in which […]
Dorf Ketal Chemicals of India, and TriBonds Chemical Co. of KSA, announce JV to make process and water specialty chemicals, for regional refining, petrochemical, and industrial applications
Dorf Ketal Chemicals India Pvt Ltd. and TriBonds Chemical Co. have announced a Joint Venture to manufacture and market process and water specialty chemicals, for use in refining, petrochemical, and industrial processing applications, in the region Damman, KSA, September 20, 2021: Dorf Ketal Chemicals India Pvt Ltd. a company headquartered in Mumbai, India; and TriBonds Chemical Co., based […]
Wa’ed approves plan to finance construction of first Saudi facility to make an essential oil and gas drilling compound
September 16, 2021 — Wa’ed, the entrepreneurship arm of Aramco, has approved a plan to finance construction of a factory in Jubail that will be the Kingdom’s first maker of an essential compound used in the oil and gas drilling process. The 3.75 million SAR loan to SICCO, a Jubail-based start-up, is part of Wa’ed’s strategy of empowering […]
A Strategy to Prepare for an Uncertain Future
By Nikhil Prasad Ojha, Partner, Bain & Company Mumbai and Juerg Kronenberg, Partner, Bain & Company Middle East More CEOs than not will tell you they were thoroughly surprised by how decisive their organizations turned out to be in the heat of the Covid-19 crisis. With no choice but to act, management teams scanned the […]
Mastercard Offers Expo 2020 Dubai Visitors the Opportunity to Contribute to our #PricelessPlanet
When buying tickets for the mega-event, consumers will have the option to contribute to preserving the environment by donating at checkout September 14, 2021, Riyadh, KSA – As the Official Payment Technology Partner of Expo 2020 Dubai, Mastercard will be powering the mega-events payments and ticketing platform and offering visitors an opportunity to join the fight against […]
UAE startup BeanBurds transforms online shopping by using Augmented Reality
Beanburds is the first UAE brand to launch augmented reality to redefine the coffee retail experience Dubai, UAE, September 14, 2021: Innovative UAE startup BeanBurds has launched augmented reality to improve the online shopping experience for coffee connoisseurs. BeanBurds offers specialty beans, coffee machines, tools, accessories, and everything needed to craft the perfect brew at home. With […]
Emirates NBD Group, Expo 2020 Dubai and Mastercard introduce exclusive card programmes to power Expo experience
: Digital-first offering available via the dedicated ‘Joyn from Emirates NBD’ mobile App; essential companion for UAE and Expo 2020 Dubai visitors with exciting offers at 2,000+ shopping, dining, wellness and entertainment touchpoints Emirates Islamic Expo Mastercard Credit Card: Exclusive, limited edition co-branded credit card, offering a wide range of specially designed benefits and privileges, catering […]
Monstarlab enters into agreement to acquire UAE home-grown ecap to drive rapid talent expansion globally
Acquisition will power end to end transformation of technology & leadership Agreement will help empower C-level talent with technology excellence Monstarlab’s acquisition of ecap forms part of long-term MENA investment and international executive search, talent acquisition and assessment strategy 13 SEPTEMBER 2021 – Dubai, United Arab Emirates: Monstarlab, the Japanese-established, global technology leader, has entered […]
JAGGAER signs exclusive deal with leading Egyptian developer
The new partnership will see JAGGAER’s software solution implemented at Ora Developers, one of Egypt’s most prominent developers of upscale residential properties Dubai, United Arab Emirates, 13 September 2021: JAGGAER has signed an exclusive deal with Ora Developers, one of Egypt’s most successful real estate developers of luxury residential, hospitality, and commercial properties around the world. As […]
Cedar Rose Launches AHLAAN – Automated Onboarding Solution for Companies and Individuals
Cedar Rose has announced the launch of AHLAAN – Automated Onboarding Solution for Companies and Individuals enabling faster onboarding than ever with higher confidence. This holistic solution has been specifically designed for regulated entities and those who are looking to streamline their onboarding processes. Antoun Massaad, the Co-Founder and CEO of Cedar Rose, stated, “With […]
Middle East designated leading innovation hub by latest Arthur D Little report with Saudi Arabia set to pursue further innovation and entrepreneurial districts
Saudi companies are benefitting from a concentrated innovation ecosystem and supply chain in a single district The Middle East houses a multitude of proven Innovation Districts and centers Arthur D. Little shed lights on imperative steps before future projects are pursued Dubai, UAE – 13 September 2021: In the new post-pandemic world of work, Innovation Districts are well-positioned […]
HIS HIGHNESS SHEIKH MANSOOR BIN MOHAMMED BIN RASHID AL MAKTOUM OPENS THE BIG 5 2021
His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Sports Council, opens The Big 5 Dubai, 12th September 2021: His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Sports Council officially inaugurated the 42nd edition of The Big 5 at the Dubai World Trade Centre this morning. Now in its 42nd edition, The Big […]