Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Ramadan Shopping Behaviors in Saudi Arabia
Saudi Arabia, 16th March 2022: Ramadan, the holiest season of the Islamic world, is just around the corner. Sharing joy, happiness, and spiritual enthusiasm with our loved ones are the most important qualities during Ramadan. On the other hand, expectations of users of the digital platforms started to increase in order to receive the most […]
Almarai participates in the Middle East Poultry Exhibition
The Deputy Minister of Environment, Water and Agriculture, Eng. Mansour Bin Hilal Al-Mushaiti, visited Almarai’s pavilion in the Middle East Poultry Exhibition, held under the theme “Contribution to Enhancing Food Security” at the Riyadh International Convention and Exhibition Center, from 14-16 March 2022 with the participation of 150 companies from 30 countries. Faisal bin Marzouq […]
stc & “KAFD” pen MOU to develop mutual goals
5G coverage at King Abdulaziz Financial district & reinforcing sustainability Riyadh, 15 March 2022: stc Group and King Abdullah Financial District “KAFD” signed a memorandum of understanding to reinforce common goals of exchanging data, enhancing sustainability, sponsoring events and activities, and providing technical services, all under the umbrella of a strategic partnership in between the […]
REDTAG continues expansion spree with new store launch in Granada mall Riyadh, accompanies it with opening offers
REDTAG, the Middle East’s leading value fashion and homeware brand, has launched a new outlet in Granada Mall, located at the heart of Riyadh. The launch is followed by an opening offer of SAR-50 gift vouchers. REDTAG, the region’s favorite value fashion and homeware brand, has launched a new retail store in Granada Mall on […]
The Central Bank of Kuwait Joins the Gulf Payments System “AFAO”
he Central Bank of Kuwait (CBK) joined the Gulf Payments system “AFAQ” on Sunday 13/03/2022, which is managed operated by the Gulf Payments Company. Financial transactions were successfully exchanged between(CBK) and participant GCC Central Banks that had previously joined “AFAQ” including the Central Bank of Bahrain (CBB) and the Saudi Central Bank (SAMA). The remaining […]
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EDGE concludes successful participation at World Defense Show 2022 #WDS2022
Landmark licensing agreement signed with Saudi Arabian Military Industries (SAMI) Several new sophisticated products and solutions launched Abu Dhabi, UAE: 14 March, 2022 – EDGE Group has concluded its successful participation at the World Defense Show (WDS 2022), which was held in Riyadh, Kingdom of Saudi Arabia. As the region’s largest advanced technology company for […]
NAVYA Signs a Memorandum of Understanding With the Ministry of Transport and Logistic Services of the Kingdom of Saudi Arabia
VILLEURBANNE, France–(BUSINESS WIRE/AETOSWire)– NAVYA (FR0013018041- Navya), a leader in the field of autonomous mobility systems, has signed at the French Ministry of Transport in Paris an agreement with the Ministry of Transport and Logistic Services of the Kingdom of Saudi Arabia to support the implementation of autonomous vehicles in the Kingdom of Saudi Arabia. The […]
ANGHAMI REBRANDS ON THE BACK OF LANDMARK NASDAQ LISTING
First Arab tech company to float on the US stock exchange unveils striking new brand positioning and identity Spectacular projection of new logo with Anghami’s new partner global megastar Amr Diab lights up the Burj Khalifa in celebration of new positioning, visual identity and creative campaign Abu Dhabi, UAE – March 14, 2022: Anghami Inc. […]
Jadwa Investment Launches Real Estate Growth Fund
Riyadh, 13 March 2021: Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today the successful launch of its Real Estate Growth Fund in partnership with Tatweer Group, NUMU Holding Company and Riyad Bank. Real Estate Growth Fund is a closed-ended Shariah-compliant real estate investment fund with a target size […]
Knowledge Summit to put spotlight on development of knowledge economy, fighting poverty, and Future of Knowledge Foresight Report 2022 on second day
March 11, 2022 – The Knowledge Summit, organized by the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF), in collaboration with the United Nations Development Programme (UNDP) at Expo 2020 Dubai, will address 12 key areas, including epidemiology, public and mental health, tackling poverty, reshaping the legal landscape during pandemics, the availability and use of […]
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Organizations in Saudi Arabia Gain Edge in Race to Transform with Industry-Specific Cloud Solutions from Infor
Companies in manufacturing, distribution, healthcare, and automotive embrace industry-focused cloud ERP solutions to digitize and tap new opportunities RIYADH, Saudi Arabia – March 10, 2022 – Infor, the industry cloud company, is expanding its presence in Saudi Arabia as it seeks to help organizations across sectors including industrial manufacturing, distribution, healthcare and automotive, digitally transform […]
World Defense Show concludes first edition with SAR29.7 billion in deals #WDS2022
09 March 2022, Riyadh, KSA – Following four trade days that brought together 600 defense and security exhibitors from 42 countries, World Defense Show concluded its first edition today recording SAR29.7bn in deals. Founded by the General Authority for Military Industries (GAMI), the world’s first show focused on defense interoperability received 80 military delegations, 65,000 […]
Saudi Company Interstellar Solutions Releases Version 5 of Defense Enterprise Resource Planning (ERP) System, G21. #WDS2022
Interstellar Solutions is a new and highly ambitious Saudi technology company based out of Riyadh, Saudi Arabia. It has set its sights on becoming a major player in the Defense ERP domain. The latest version known as G21-360V has been announced today on 8th March 2022 at the World Defense Show before an audience of […]
Aqualia showcases its commitment to water security and sustainability at the 2022 Saudi Water Forum
The company has once again played a leading role in the event, the main event for the water management sector in Saudi Arabia The event, held in Riyadh from 6–8 March, featured a large exhibition area and an exciting technical convention dedicated to water security and sustainability. The company participated in the conference by presenting […]
Draken Europe and SNC ICT announce long-term in-Kingdom partnership #WDS2022
Riyadh, KSA: On Day Two of the World Defence Show in Riyadh, Draken Europe and SNCICT have announced their long-term in-Kingdom partnership. SNC ICT’s provision of in-Kingdom logistics support, system network services and supply chain management, will be central to Draken’s plans for expansion in the Middle East. Paul Armstrong, Draken Europe CEO explained the […]
Automation is Making Humanity More Essential at Work
By Bao-Viet Le, Partner, Bain & Company Middle East and Andrew Schwedel, Partner, Bain & Company New York Riyadh, Saudi Arabia, 08 March 2022: Over the past century, fears of mass joblessness from automation have come and gone in waves. More recently, a series of breakthrough advances in the field of machine learning, alongside new imagination-capturing […]
AMAZON PAYMENT SERVICES PARTNERS WITH PRINCESS SUMAYA UNIVERSITY TO OFFER INTERNSHIPS AND SCHOLARSHIP OPPORTUNITIES IN CYBERSECURITY
Amman, Jordan, 8 March 2022 – Amazon Payment Services, a payment service provider in the Middle East and North Africa (MENA) region, is collaborating with Princess Sumaya University for Technology (PSUT) in Jordan to nurture and invest in cybersecurity talent. Aiming to develop forward-thinking security innovation and information security leadership in the region, the collaboration […]
Finastra’s Hack to the Future 4 opens with focus on sustainable and inclusive finance, BaaS and DeFi
Launch coincides with International Women’s Day in alignment with Finastra’s commitment to forwarding diversity, equity and inclusion across financial services Dubai, UAE – March 8, 2022 – Finastra has opened its fourth annual global Hackathon. Building on the success of its previous events – to redefine finance for good and build an unbiased fintech future […]
GAMI, Lockheed Martin Join Forces to Localize Work on Terminal High Altitude Area Defense (THAAD) Missile Defense System in Saudi Arabia #WDS2022
RIYADH, SAUDI ARABIA | 7 MARCH 2022 The General Authority for Military Industries (GAMI) has announced today in the World Defense Show, its approval of two localization projects: the first, for localizing the manufacture of missile interceptor launchers, and the second for producing the missile interceptor canisters locally. In collaboration with Lockheed Martin, these projects […]
Jadwa Investment launches Liwan Investment Fund
Riyadh, 7 March 2022: Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today the successful launch of Liwan Investment Fund in partnership with Liwan Real Estate Company and Riyad Bank. Liwan Investment Fund is a SAR 312 million closed-end Shariah-compliant real estate fund that has been launched for the […]
Vatika Voices Empowers 1000 Arab Women to Launch Successful Businesses this Women’s Day #IWD2022
Vatika’s recent campaign with Entreprenelle encourages a thousand Arab women to find their voices and live their natural best through skill enablement courses Dubai, United Arab Emirates, 7th March 2022: Vatika Voices, a unique campaign designed by the leading hair care brand Vatika along with Entreprenelle, a social development & business impact organization, in December […]
LNDDO Digital Lending partners with Magnati to improve access to capital for UAE SMEs
Abu Dhabi, United Arab Emirates, March 7th 2022: LNDDO Digital Lending Limited, a direct lender in the UAE regulated by the FSRA in the Abu Dhabi Global Market, has partnered with Magnati, a regional leader in the payment solutions industry, to empower SMEs by improving access to capital. The collaboration leverages strategic synergies between the two companies, enabling […]