Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
AlinmaPay is the first digital wallet that been Certified by Saudi Payments to be a service provider for SADAD payments
AlinmaPay has inaugurated a new service for governmental and commercial bills through SADAD as the first digital wallet in KSA that been technically Certified by Saudi Payments to work as SADAD service provider which allow customers to view and pay zakah, taxes, government bills, fines, commercial bills and other digital payments using safe and fast […]
Almarai shares its experience in using technology in the food industry
Faisal bin Marzouq Al-Fahadi, the Executive Vice President for Corporate Affairs in Almarai, revealed that the use of fourth-generation industrial technology applications in the company’s manufacturing, production and logistics facilities had supported Almarai in occupying a leading position in the region as the largest vertically integrated company for dairy products in the world and the […]
Four Metrics for Measuring DEI at Work
Many actions can advance diversity, equity, and inclusion, but organizations often lack data to know how well they’re working. Here’s where they can do better. By Julie Coffman, Chief Diversity Officer, Bain & Company, Chicago and Karen Khalaf, Associate Partner, Bain & Company Middle East, in collaboration with Grads of Life With recruitment and retention […]
GoDaddy’s Regional MENA Survey 2021 Finds 43% of Saudi Businesses Plan to Enhance Social and Digital Presence in 2022
Overall outlook for a post-COVID period is positive – 66% of Saudi entrepreneurs believe they will emerge stronger than before Annual survey highlights COVID-19 challenges on business growth for local small business For social commerce; Instagram was the most popular platform (68%), Facebook (62%), WhatsApp (62%) Jeddah: GoDaddy, the company that empowers everyday entrepreneurs around the world, […]
Diversification and innovation in the face of global challenges
Despite the ongoing disruptions of the pandemic to our society, a post-COVID business landscape is now emerging. The enterprises that have successfully come out the other side of this pandemic are now more resilient and better hardened against future shocks. What unites many of these front runners is that they saw the pandemic as an […]
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IDC research exposes data inefficiencies: 88 percent of organizations globally still hindered by using legacy technologies for today’s problems and data sets
Alteryx introduces the newest version of the Alteryx Platform (2021.4) to democratize analytics and empower data native workers with new enterprise level innovations for seamless data efficiencies ALRIYADH, KSA— February 10, 2022 — Alteryx, Inc. (NYSE: AYX), the Analytics Automation company, today issued findings from an Alteryx-commissioned IDC Infobrief, revealing that approximately 62.4 billion data and analytic […]
Huawei ranked among Top 10 Most Valuable Brands of 2022
Brand Finance has named Huawei among the top 10 most valuable brands for 2022 in its recently published Brand Finance Global 500 2022 report, jumping up six places from 2021 despite facing many unforeseen challenges. The Chinese tech giant has ranked the world’s 9th most valuable brand for 2022. Its brand value improvement defies the odds amidst the […]
SBM and Nutanix Strengthen Partnership to Help Saudi Organizations with Digital Transformation Initiatives
Riyadh, Saudi Arabia, 10th February, 2022 – Nutanix (NASDAQ: NTNX) a leader in hybrid multicloud computing, announced that it has deepened its engagement with Saudi Business Machines (SBM), a leading IT solutions provider in Saudi Arabia, by signing the company as a ‘Cloud Champion’. The two companies will work closely together in providing Nutanix’s market-leading hyperconverged infrastructure solutions to […]
TAWAL of stc Group fully acquires Awal Telecom in Pakistan
Riyadh, KSA, 9 February 2022: TAWAL, the leading Saudi ICT infrastructure company and one of stc Group subsidiaries, has announced its entry into the Pakistan’s market via a full acquisition of Awal Telecom. The move, which is TAWAL’s first foray outside Saudi Arabia, is an initial step in the company’s international expansion roadmap. TAWAL has agreed in […]
Mastercard expands its Business Intelligence Platform for Financial Institutions in the Middle East and Africa
Mastercard Market Trends is an interactive business intelligence platform that brings together up-to-date payments data, consumer and industry insights February 8, 2022 | Riyadh, Saudi Arabia: Mastercard has announced the expansion of its new interactive business intelligence platform Mastercard Market Trends in the Middle East and Africa. The new platform provides a comprehensive view of payments insights, competitive intelligence and industry trends […]
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Tamam Financing and SIMAH join hands to build a robust, modern digital financial sector #LEAP22
Supporting LEAP’s drive to achieve a better future for humanity, • MoU to step up collaboration in the fields of data analysis, credit systems and credit risk management • Employing modern technology and AI in credit rating processes and credit report analysis • Collaboration serves Tamam’s strategy of providing consumer micro-lending solutions through a fully […]
Sitecore Strengthens KSA Presence with solutions by stc Company Partnership
Riyadh, Kingdom of Saudi Arabia – 8 February 2022 – In a continuing demonstration of its commitment to the Kingdom’s accelerated digital transformation efforts that are driven by Saudi Vision 2030, Sitecore®signed an agreement with solutions by stc, the kingdom’s leading digital enabler, to provide marketing technology solutions and training primarily to the country’s key public and private […]
Honeywell and solutions by stc Sign Memorandum of Understanding to Accelerate Digital Transformation Projects in the Kingdom 
RIYADH, Saudi Arabia, February 8, 2022 – Honeywell (Nasdaq: HON) and solutions by stc, have signed a Memorandum of Understanding (MoU) to help develop strategic mega projects across the Kingdom in support of Saudi Vision 2030 and its efforts to create a more diverse and sustainable economy and accelerate digital transformation. The MoU between Honeywell and solutions […]
stc pay concludes its participation in leap conference events and signs a number of memorandums of understanding #LEAP22
Riyadh, February 7, 2022: stc pay, Saudi Arabia’s leading digital wallet, participated in the first edition of LEAP 2022, a three-day global technology conference hosted in Riyadh, Saudi Arabia. stc, pay CEO Ahmed Al Al Enezi participated in the first day’s events during a panel discussion entitled “Fintech and Innovation,” along with Ali Bailon, General Manager […]
SAP, First International Company to receive Cloud Data Center Class C Certification from CITC at #LEAP22
Riyadh, Kingdom of Saudi Arabia — 7 February 2022— Global technology company SAP last week received at LEAP 2022 Class C certification of SAP Cloud DATA Center from the Communications and Information Technology Commission (CITC). As one of the largest partners and exhibitors at the inaugural LEAP event, SAP hosted a large-scale drone show during the […]
Kingdom’s first integrated defense show to open its doors on March 6 under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud #WDS2022
Saudi’s first-ever World Defense Show ready for launch Hundreds of global leaders to attend in the presence of international and local industry giants Event will unlock massive local industry opportunities for global firms Riyadh, 7th February 2022 – Saudi Arabia’s World Defense Show, the global defense and security event to be held in Riyadh under […]
Herman Miller Partners with Love That Design to Host Dialogue on Sustainable Manufacturing and Design with Architecture and Design Experts.
UAE, 7th February 2022: Leading design brand and furniture manufacturer Herman Miller, which is part of the MillerKnoll collective, recently partnered with Love That Design to discuss the importance of sustainability in the built environment. During the event at the Cosentino showroom in d3, experts on sustainability, architecture, and design, discussed the planet’s depleting resources, sustainable design, […]
100,000 Registered Attendees See #LEAP22 Leapfrog Into first Place in International Technology Events
Riyadh, February 05, 2022, SPA — The inaugural edition of LEAP has set new records for a debut technology event, attracting over 100,000 registered attendees from more than 80 countries. Over 700 exhibitors including the world’s leading technology companies and over 1,500 of the most innovative start-ups, along with more than 500 international speakers joined […]
Huawei explores how countries in the Middle East region can take the lead in digitization at the inaugural #LEAP22 summit in Riyadh
Huawei experts shared digital transformation strategies throughout the three-day conference, including a keynote from Huawei rotating chairman Mr. Guo Ping As a strategic sponsor of LEAP, Huawei’s exhibition included end-to-end innovations from across all of its core business groups and emerging business units Riyadh, Kingdom of Saudi Arabia – February 3, 2022: During this week’s LEAP conference held […]
His Excellency the Minister of Investment, Eng. Khalid Al-Falih, and His Excellency, the Minister of Communications and Information Technology, Eng. Abdullah AlSawaha launched Huawei’s largest flagship store overseas in Riyadh On the side-lines of the LEAP Conference #LEAP22
Riyadh, KSA – February 3rd 2022: On the side-lines of the LEAP International Technical Conference in Riyadh Front; Huawei Consumer Business Group, the iconic global technology brand, has opened its doors to the company’s new store in Riyadh, KSA – its largest flagship store overseas. The grand opening of the Huawei flagship Store took place on the […]
Aramco Invests in Cognite
Saudi Aramco, Cognite’s long-time digitalization partner in the Middle East, acquired a 7.4% stake in Cognite OSLO, Norway–(BUSINESS WIRE/AETOSWire)– Cognite, a global leader in industrial software innovation, announces today that Saudi Aramco, via its subsidiary Aramco Overseas Company B.V., has invested in Cognite by purchasing 100% of Aker BP’s shares in the company. “Cognite has proven […]
Zain KSA and Al Rajhi Bank Sign a Deal to Enhance Financial Inclusion with Innovative Mobile Technologies #LEAP22
A New Dawn for Banking Solutions Connectivity Coinciding with the Global Tech Event “LEAP” Connecting Al Rajhi Bank’s locations in the Kingdom to Zain KSA’s cutting-edge network. Contributing to financial inclusion and upgrading the sector’s services with the latest and most reliable technologies in line with the national digital economy strategy. Zain KSA and Al […]