Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
HUAWEI CLOUD Summit MEA 2022 reiterates the importance of inspiring innovation with ‘Everything as a Service’
Over 1000 Industry leaders meet in Dubai for the first major HUAWEI CLOUD offline event of 2022 HUAWEI CLOUD President highlights the benefits of ‘Everything as a Service’ model to accelerate digital transformation Huawei is committed to working with partners and customers in the Middle East to accelerate digital transformation across industries. At the recently […]
stc showcases its digital capabilities at Capacity ME Conference 2022
With the participation of more than 500 global companies Dubai, 29 March 2022: stc portrays its technology assets and capabilities during the Capacity Middle East 2022 conference which kicks off today in Dubai. The exhibition will embrace global players in the information and technology sector to discuss future collaborative projects and expansion opportunities across operators. […]
JAGGAER opens office in Riyadh to support Saudi 2030 Vision
JAGGAER has officially opened its new office in Riyadh to support businesses in the country with the challenges surrounding supply chain disruptions, material scarcity and the global talent shortage The company to capitalise on the appetite in Saudi for new IT and technology, with the market estimated to be worth more than US$33 billion in […]
Cryptocurrency Exchange Bybit Receives In-Principle Approval to Conduct Virtual Asset Business in UAE and Move Global Headquarters to Dubai
UAE welcomes Bybit and heralds growth of ‘next generation FDI’ Bybit is committed to a continuous constructive dialogue with regulators and legislators in the UAE and will play a key role in educating investors and wider public on digital assets DUBAI, UNITED ARAB EMIRATES – Media OutReach – 29 March 2022 – Cryptocurrency exchange business Bybit has received […]
Mobily Pay Awarded License to Offer Digital Payments and E-Wallet Services 
Saudi Central Bank (SAMA) license Mobily pay to conduct payments and Electronic Wallets Businesses for individuals and corporates Riyadh, Saudi Arabia – March 29, 2022: Etihad Etisalat Company (Mobily) announced that Etihad Fintech Company (Mobily Pay) has been licensed by the Saudi Central Bank (SAMA) to conduct Payments and E-Wallet Services, offering leading individuals and […]
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Guo Ping: Huawei more dedicated and innovative than ever
Huawei released its 2021 Annual Report, revealing that the company had maintained solid operations throughout the past year. As per the report, Huawei achieved USD 99.9 billion in revenue in 2021, and USD 17.8 billion in net profits, an increase of 75.9% year-on-year. Guo Ping, Huawei’s Rotating Chairman, stated at the press conference, “Overall, our […]
The Republic of San Marino presents the Business Forum “A business-friendly jurisdiction in the heart of Europe” at Expo 2020 Dubai
San Marino, 28th March 2022: The Republic of San Marino curated a Business Forum dedicated to tourism and economic promotion of the country at the Abu Dhabi Hall of Expo 2020 Dubai. The conference was led by the Agency for Economic Development – San Marino Chamber of Commerce with the participation of Fabio Righi, Secretary […]
IMA Tackles the Skills Gap in the Finance and Accounting Profession
Educators from top universities in Saudi and UAE join the discussion and showcase ongoing efforts to match the changing demands of the profession Dubai, UAE, 28 March, 2022 – IMA® (Institute of Management Accountants), one of the largest and most respected associations working exclusively on advancing the management accounting profession, hosted an event titled “Bridging […]
![Amr AlMadani, chief executive of the Royal Commission for AlUla[Credit RCU]_ssict_1200_800](/_next/image/?url=https%3A%2F%2Fsaudishopper.com.sa%2Fen%2Fwp-content%2Fuploads%2F2022%2F03%2FAmr-AlMadani-chief-executive-of-the-Royal-Commission-for-AlUlaCredit-RCU_ssict_1200_800.webp&w=1920&q=75)
Royal Commission for AlUla highlights unique formula for SME growth
as Global Entrepreneurship Congress begins in Riyadhas Global Entrepreneurship Congress begins in Riyadh The RCU model integrates economic, social and natural sustainabilityto create powerful and lasting growth powered by a community of SMEs Amr AlMadani, the RCU CEO, discusses ‘tourism at a tipping point’during a fireside chat at Global Entrepreneurship Congress 2022 Scene then shifts to AlUla to share insights with […]
Nearly 95% people in Saudi Arabia report increased use of digital payments in the past year
According to the Kaspersky Digital Payment survey, 95% of respondents from Saudi Arabia reported an increase in their use of e-wallets and mobile banking in 2021. COVID-19 was one of the main factors for that: 70% reported that they only started using online payments services during the pandemic. In particular, online payment services helped 58% […]
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Banking as a Service gains unstoppable momentum, Finastra research shows
85% of senior executives surveyed are already implementing BaaS solutions or are planning to in the next 12-18 months Dubai, UAE – March 28, 2022 – At its Finastra Forum flagship industry event in Dubai, Finastra today unveiled a market assessment report: ‘Banking as a Service: Outlook 2022 | Paving the way for Embedded Finance’. […]
New Mastercard report outlines key sectors in Saudi Arabia set to benefit from smart city revolution
Whitepaper titled Urban Tech, commissioned by Mastercard in partnership with Arabnet, reveals huge opportunities for growth in Saudi Arabia Whitepaper highlights how data, analytics, digital infrastructure, connectivity, and enabling regulation, are critical to bringing human-centric cities to life Riyadh, Kingdom of Saudi Arabia; 28 March 2022: A new white paper on Urban Tech, commissioned by Mastercard […]
Chalhoub Group releases “GCC Personal Luxury in 2021: A Story of Early Recovery and Growth” report in collaboration with the Fashion Commission of Saudi Arabia’s Ministry of Culture
Insights from the report indicate that in 2021 the GCC luxury market outpaced pre-pandemic level by 23% versus 2019. A deep dive on Saudi Arabia shows remarkable growth in personal luxury growing at +19%. Dubai, UAE, March 25, 2022: Chalhoub Group released its comprehensive report “GCC Personal Luxury in 2021: A Story of Early Recovery […]
KVG Partners with Al Rayes Group for Kenaf Plantation Expansion
KVG to explore kenaf plantation in the global regions Taking lead in the promotion of sustainability using kenaf, Kenaf Venture Global Sdn. Bhd. (KVG) officialise a collaboration with Al Rayes Group through a signed Memorandum of Understanding (MoU). KVG was represented by its Group Chief Executive Officer (Group CEO), Jazman Shahar Abdollah and its Group […]
MetaMask cryptoscam: fraudsters steal seed phrases to compromise crypto wallets
There has been a noticeable development in the prominence of cryptocurrency-related phishing scams over the past few years, linked to a boom in digital currency. While in 2021, Kaspersky products detected and prevented over 460,000 crypto-related phishing attacks overall, the company’s researchers reported over 100, 000 such attacks just in two and a half months […]
A Strategic Partnership Agreement between channels by stc and Jarir Bookstore
Riyadh, 22 March 2022: channels by stc, one of stc group subsidiaries, signed a strategic agreement with Jarir Bookstore for the last-mile delivery service (dal) to deliver products and large shipments, as an extension of the previously provided services. The agreement came within the framework of strengthening the partnership between the two companies to provide […]
Fahad bin Mubarak Al Guthami Named Deputy Chief Executive Officer
at American Express Saudi ArabiaRiyadh, 20 March 2022: American Express Saudi Arabia (AESA) announced the appointment of Mr. Fahad bin Mubarak Al Guthami as Deputy Chief Executive Officer. In his new role, Al Guthami will implement AESA’s strategic priorities in fostering customers’ digital lives through innovation and digitization, expanding leadership in the premium consumer space, building on the strong […]
NEOM empowers women in Tabuk region through financial support to Jana Center
NEOM, Kingdom of Saudi Arabia, March 20, 2022: NEOM announced today that it has signed an agreement with the Jana Center for Building Productive Families, in an effort to support women in the NEOM and Tabuk regions, to help set their business projects in motion and to accelerate their progress by marketing their products and […]
BitOasis simplifies crypto trading for beginners – Introduces new features on its platform
March 17, 2022, Dubai, UAE – Having played a pivotal role in the regional crypto space since 2015, BitOasis has earned its reputation as the ‘most trusted crypto-trading platform’ in the UAE and wider Middle East. Being part of a growing crypto ecosystem, there remains a pressing need for simplifying crypto, especially for people who […]
Noon.com ranked second most influential brand in Saudi Arabia
The local digital player ranks second among global powerhouses in the Ipsos 2021 survey Riyadh, KSA. 16th March 2022: noon.com, the Middle East’s leading digital e-commerce platform, is ranked second in the Most Influential Brands in KSA 2021 in a recent survey by IPSOS. For the second year in a row, noon.com has been named […]
IBM bolsters investments in the Middle East and Africa with the launch of Client Engineering
New Client Engineering teams will deliver an enhanced client experience focused on co-creation, technical eminence, and speed Teams will be located in Saudi Arabia, UAE, Turkey, and South Africa Riyadh, Saudi Arabia – March 16, 2022: IBM (NYSE: IBM) today announced the launch of its Client Engineering team in Middle East and Africa (MEA) for clients and business partners. […]
Al Salem Johnson Controls Empowers Women in HVAC-R Sector
This year’s International Women’s Day was themed “BreakTheBias” which focuses on gender equality today for a sustainable tomorrow, and Saudi Arabia is a shining example of a country that has put this theme into practice. The Kingdom has made great strides in empowering women and increasing their economic participation, through a series of legislative reforms […]