Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Almarai participates in the Hotel Show 2021 in Riyadh
Almarai participated in the Hotel Show 2021 in Saudi Arabia, which was held for the first time in Riyadh at Riyadh Front Center for Exhibitions and Conferences from the 7th till the 9th of September 2021. The Hotel Show 2021 is an annual event that brings together the leaders of the hotel and hospitality sector, […]
Petrolube Oil participates in ‘Omnipreneurship Award 2021’ to promote environmental sustainability
The award aims to develop innovative solutions to re-refine used cooking oil Saudi cooking oil market estimated at 540,000 metric tons annually Competition will run from September 9th to November 30th Jeddah, Saudi Arabia: September 12th 2021 Petrolube Oil has successfully qualified to participate in the global 2021 Omnipreneurship Awards: through its Sustainability Branch Challenge. After a tough […]
FII Institute invests in Interstellar Lab, accelerating sustainable farming on Earth and in space
FII is investing in Interstellar Lab’s closed loop biodomes for sustaining life on Earth, the moon and Mars. This $500,000 USD investment is part of FII’s mission to Impact on Humanity by helping to reduce the burden on the planet and prepare for the future with AI simulation-based designs Riyadh, Saudi Arabia, 7 September 2021, (AETOSWire): […]
Saudi Arabia’s AlMalki Group Digitally Transforms Luxury Retail Experiences for Millions of GCC Customers
Kearney: GCC E-Commerce Market Grows at 20% CAGR to Top USD 29 Billion in 2021; Salesforce Solutions Provide Personalized, Omni-Channel Customer Shopping Journeys JEDDAH, Kingdom of Saudi Arabia – 7 September 2021 – Salesforce, the global leader in CRM, announced today that AlMalki Group, a Saudi-based family-owned group, which will celebrate its 70-year anniversary in 2022, […]
THE BIG 5 TO GATHER GLOBAL CONSTRUCTION PROFESSIONALS IN-PERSON NEXT WEEK
The Big 5 is the only live in-person event connecting the global construction community in 2021 Over 1200 exhibitors representing 50 countries confirmed so far, including 20 country pavilions Knowledge sharing opportunities feature 70+ talks from 150 global speakers, 3 high-level summits Dubai, 8th September 2021: Construction professionals from the region are Dubai-bound for The Big 5 next week, […]
Webinar to Bring Together Leading Experts from GCC to Discuss Future of Customer Onboarding in Financial Services
With COVID-19 acting as a catalyst, financial institutions are under increased pressure to expedite the digital transformation from regulators, growing competition from fintech or internet companies, and changing customer preferences, besides other factors. To address the challenges and highlight the latest trends and best practices related to the future of customer onboarding in financial services, […]
Ad
IKEA store implements Micro Fulfillment concept with automated logistics by Swisslog
IKEA has launched a new store concept with an automated small parts system by Swisslog. As part of the furniture giant’s ‘Store of the Future’ program, the pilot solution was completed at the IKEA store in Zagreb, Croatia. Representing the first in a series of future projects, IKEA stores around the world are set to […]
Finastra identified as a leader in corporate digital banking platform market
Celent recognizes standout capabilities with awards for the breadth of functionality, customer base, and support Riyadh – KSA– September 07, 2021 – Finastra has been named a leader in corporate digital banking platforms by Celent. Two reports, which cover North America and the rest of the world, recognize Finastra’s standout capabilities in this sector. The reports, titled ‘Corporate […]
Wa’ed sets aside 10.2 million SAR to support Saudi-based entrepreneurs as road show debuts in Jubail
September 7, 2021 – Wa’ed has recommended a combined 10.2 million SAR in seed grants and loans to six Saudi entrepreneurs as the entrepreneurship arm of Aramco began a six-city national roadshow in Jubail to fund the best new start-ups. The 2021 Wa’ed Entrepreneurship Roadshow recommended loans be issued to Ahmad Alkhowaiter, the first Saudi producer […]
Pagero named qualified e-invoicing solution provider by ZATCA
Riyadh, Saudi Arabia, 7 September 2021, (AETOSWire): The Zakat, Tax and Customs Authority (ZATCA) has named Pagero as a qualified e-invoicing solution provider in the Kingdom of Saudi Arabia. Pagero’s e-invoicing solution has met the requirements by ZATCA for issuing electronic invoices and notices, which will be mandatory for all taxpayers subject to VAT in Saudi […]
SWIFT publishes paper on digitizing trade: the time is now
SWIFT processes over USD 2 trillion in global trade and records a 72.4% increase in usage of its Digital Trade Channel solution in 2020 Paper draws on SWIFT data and community views to identify key elements that are needed to facilitate trade digitisation Dubai, September 7, 2021 – SWIFT, the world’s leading provider of secure financial messaging […]
Saudi Fund for Development Inaugurates Major Infrastructure Project in Jordan
The three-level road improvement project was inaugurated under the patronage of the Jordanian Prime Minister Dr. Bishr Al-Khasawneh The project was funded with a US$19 million grant provided by the Kingdom of Saudi Arabia through the Saudi Fund for Development AMMAN, JORDAN – September 6, 2021…The Saudi Fund for Development (SFD) has inaugurated a major three-level highway […]
Dubai World Trade Centre commences exciting Exhibition and Conferences season to boost Dubai’s post-pandemic economic recovery
Over 40 business events lined up from September to December – a 40% increase on 2020 Events in diverse sectors including Construction, Energy, Technology, Beauty, Food, Healthcare, Environment and Automotive GITEX Technology Week and GITEX Future Stars return with the best in Tech Big Five, Beautyworld Middle East, ArabLab and Automechanika make a comeback after […]
LG ANNOUNCES GLOBAL STARTUP COMPETITION TO RECRUIT NEW BUSINESSES FOR INNOVATION CENTER
‘Mission for the Future’ Challenge Seeks Innovations that Improve Quality of Life Jeddah, Saudi Arabia Sept. 5, 2021 — LG Electronics (LG) announces the launch of Mission for the Future, a global challenge competition for startups to identify innovative technologies and business ideas that pave the way to the future. This inaugural competition is hosted by the company’s new Silicon […]
Almarai signs a cooperation agreement with Al-Jouf Province to support families in need
Almarai Company has signed a cooperation agreement with Al-Jouf Province represented by the Non-Profit Sector Empowerment Center, whereby Almarai provides various food products to families benefiting from the center. The memorandum was signed by Fahad Al-Shammari, Senior Public Relations Supervisor in Almarai, on behalf of the Company, and Saadoun Ahmed Al-Washih, director of the Center for […]
Top industry leaders come together to support launch of Netix Global’s Novus Partner Program, which brings ‘Android Building’ approach to Middle East real estate
Industry stalwarts have welcomed Netix Global BV’s decision to launch its Netix Novus Partner Program, on September 1st, 2021; lauding the region’s leading smart building solutions provider for the initiative. The launch will be held at the Burj Khalifa, and will feature select industry thought-leaders, with online attendees from more than 20 countries joining the […]
New Study: Companies Need Unified CRM to Improve Business Resiliency
DUBAI, United Arab Emirates — 1 September 2021 — New research released today by Forrester Consulting, and commissioned by Salesforce, surveyed nearly 800 executives and nearly 1,500 CRM users across 15 countries to understand the trends driving CRM technology success and innovation. Driving the news: The research shows that, to meet ever-evolving customer expectations and more flexible workplace […]
Simplicity: The Key to Success in Turbulent Times
By: Mohammad Abulhouf, Senior Sales Director KSA, Bahrain & Qatar at Nutanix The COVID-19 pandemic has significantly impacted the way we work. Through government restrictions, health measures and social distancing, our world has changed overnight. The more complicated our daily lives become, the more simplicity is needed to help companies make the right decisions and maintain […]
New Whys partners with Mowgli Mentoring to Implement and Strengthen Mentoring in Saudi Arabia
New Whys, a Saudi consultancy firm focused on innovation and entrepreneurship, has signed a partnership agreement with the internationally renowned Mowgli Mentoring organization to design, deliver and evaluate effective mentoring programs in the Saudi Market. The primary objective of this partnership is to meet the increasing need for quality mentoring to better support entrepreneurs and leaders (including […]
Serco Middle East Awarded Asset Management Contract by Royal Commission for Jubail and Yanbu
Saudi Arabia, 29th August 2021: Serco Middle East has announced the award of a prestigious new contract to provide asset management and operational transformation services to the entire City of Jubail in Saudi Arabia and acquire compliance/accreditation with Mashroat. The new agreement between Royal Commission for Jubail and Yanbu and Serco Middle East will see Serco deliver consultancy work for these new […]
JAGGAER whitepaper supports Middle East start-up ecosystem with advice on digital procurement
Research underscores the importance of digitalisation for SMEs to ensure operational and business continuity, particularly during and after the pandemic The whitepaper highlights the business benefits of technologically advanced procurement platforms Dubai, United Arab Emirates, 24 August 2021: JAGGAER has released its latest whitepaper, which provides a roadmap to recovery for SMEs in the region through the […]
Four Essential Components of Digital Transformation
By James Anderson, Partner, Bain & Company, London and Tom De Waele, Managing Partner, Bain & Company Middle East Companies responding to digital disruption inevitably focus on speed first. They make changes quickly where it matters most—launching apps, forming agile squads, deploying new analytics, and testing innovative digital business models. The primary objective is to stay […]