Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Data-led innovation key to Saudi’s position as digital hub of the future
Dell Technologies to showcase future-ready solutions at LEAP 2022 Riyadh, KSA – 27 January 2022 Dell Technologies is set to lead the conversation on emerging technologies and empower Saudi Arabia in its drive towards a digital-ready future at LEAP 2022 in Riyadh from February 1-3, 2022. The inaugural edition of the largest technology event, LEAP […]
HONEYWELL LAUNCHES CALLIDUS FLARE TECHNOLOGY PRODUCTION FACILITY IN SAUDI ARABIA
Energy efficient and low-emission flare technology to help petrochemical industry reduce carbon footprint Callidus Flare Technology production facility to be based in Jubail Industrial City’s petrochemical complex Production facility to contribute towards Saudi Arabia Vision 2030 and IKTVA RIYADH, Saudi Arabia, January 26, 2022 — Honeywell (Nasdaq:HON), a global technology leader, today announced the launch of its Callidus® Flare Technology production […]
NOON.COM CELEBRATES ITS MOST DISTINGUISHED SELLERS ACROSS THE KINGDOM
noon’s thirteen boldest sellers across Saudi Arabia awarded for their outstanding performance in 2021 Riyadh, KSA, 26th January, 2022: noon.com, the region’s leading digital e-commerce platform, celebrated its most distinguished sellers across Saudi Arabia, awarding trophies to its brightest retailer partners as a mark of appreciation for their excellence and continued support throughout 2021. Award recipients […]
Emirates NBD KSA awarded Best Foreign Bank and Best Credit Card in KSA by the International Finance Awards 2021
Riyadh, KSA 26 January 2022: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has been awarded the Best Foreign Bank in KSA 2021 and the Best Credit Card in KSA 2021 by the International Finance Awards. The International Finance Awards celebrate corporate excellence, recognizing industry talent, leadership skills, […]
Mastercard Installments BNPL program gives consumers in the UAE and Saudi Arabia more payment choices wherever they shop
New Buy Now, Pay Later (BNPL) program gives consumers a flexible, ubiquitous way to pay online and in-store through equal, interest-free installments – an additional choice to debit, credit or prepaid cards Mastercard Installments – set to go live this year – will give banks, lenders, fintech companies and wallets the ability to offer BNPL […]
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Noon.com’s online payment gateway, noon payments, launches in Egypt
Riyadh, KSA. January 25th, 2022: noon.com, the Middle East’s leading digital marketplace, has launched noon payments, a complete online payments platform that will help SMEs in Egypt grow by providing a world class payments solution. noon payments is a full-service payments platform that aims to make transactions easier. The online payments gateway offers quick onboarding, simple API […]
Cedar Rose Approved as an Enhanced International Support Service Supplier for the UK Department for International Trade
Cedar Rose has been approved as an Enhanced International Support Service (EISS) supplier for the Department for International Trade (DIT) in the UK. As part of this development, Cedar Rose will be one of a number of companies supporting UK exporters to reach new markets in the Middle East, Afghanistan, and Pakistan (MEAP) region. Laura Bos, Regional Head […]
Jadwa Investment exits UEMedical through sale to Mubadala Health
Riyadh, January 2022: Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today the completion of a landmark divestment for Jadwa Healthcare Opportunities Fund 2. The private equity fund achieved its full exit through the sale of its stake in United Eastern Medical Services (UEMedical) to Mubadala Health, the integrated health […]
Almarai Manufacturing Facilities achieved Global Food Safety Initiative (GFSI) recognized Food Safety Certification
Almarai Manufacturing Facilities achieved Food Safety certification recognized by the Global Food Safety Initiative (GFSI), an alliance of world-leading consumer goods companies to ensure safe food for all. According to this achievement, all of Almarai’s manufacturing facilities without exception have been certified according to FSSC 22000, a standard recognized by the Global Food Safety Initiative […]
Network International launches Tap on Phone in partnership with Mastercard to expand digital payment acceptance across Middle East & Africa
Partnership will enable 500,000 new merchants and SMEs to accept payments through mobile phone, via Tap on Phone technology Deepening collaboration between Mastercard and Network International is driving acceptance and innovation of digital payments across the Middle East and Africa region Saudi Arabia – 20 January 2022: An estimated 500,000 new merchants across the Middle East and […]
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Alturki builds on its commitment to localization by participating in the 2022 IKTVA Forum and Exhibition as a Diamond Sponsor
Dhahran, Saudi Arabia, January 20, 2022, (AETOSWire): Alturki Holding has committed to participate in the next IKTVA Forum and Exhibition as a Diamond Sponsor. The Forum, which runs from January 24-26, 2022, at the Dhahran Exhibition Center, is a content localization initiative by Saudi Aramco, designed to drive increased investment, job creation, research and development, and local […]
Wa’ed and Fintech Saudi collaborate to launch the 2022 Fintech Accelerator Program
Saudi Aramco’s entrepreneurship arm (Wa’ed) collaborates with Fintech Saudi as a strategic partner, along with Flat6Labs, to foster the next wave of Saudi fintech entrepreneurs January 19, 2022 – Wa’ed, the entrepreneurship arm of Saudi Aramco, has collaborated with Fintech Saudi as a strategic partner, along with regional seed and early-stage venture capital firm Flat6Labs, to launch a 12-week Fintech Accelerator to […]
Cisco Forecasts Top Technology Trends For 2022
Riyadh, KSA – 17 Jan 2022: With the start of the New Year, Cisco has revealed the technology trends that are expected to make a significant impact in 2022 and beyond. Commenting on the trends and predictions, Osama Al-Zoubi, CTO, Cisco Middle East and Africa, said “Technology is always evolving and moving in exciting new directions. In a […]
GoDaddy Joins Forces with MyFatoorah on New Smart Payment Solution
New Addition to GoDaddy E-store Helps Entrepreneurs and Small Businesses in the MENA region to Manage Payments Online Jeddah – 13 January, 2022 – GoDaddy LLC. (NYSE: GDDY), the company that empowers everyday entrepreneurs announced today it is working in partnership with MyFatoorah in the Middle East and North Africa (MENA) region, to offer new payment […]
Saudi Ministry of Industry and Mineral Resources announces landmark Licensing Round as key milestone of the first Future Minerals Forum
The Licensing Round for a major mineral exploration license opens a new chapter in KSA’s mining journey The tender will unlock the Kingdom’s resources and attract international investment in support of the Kingdom’s Vision 2030 Riyadh, Kingdom of Saudi Arabia – 13 January 2022 – In line with Saudi Arabia’s Vision 2030 objective of diversifying its economy […]
Citi Launches Sustainability-Linked Supply Chain Financing in Algeria
Algeria – Citi has launched its first Middle East and North Africa (MENA) Sustainability-linked Supply Chain Finance (SSCF) program in Algeria with the aim of supporting clients as they advance their ESG priorities, improve the resilience of their supply chains and manage their working capital needs. Supply Chain Finance (SCF) programs benefit companies and their […]
Arab Ministers for Mineral Resources to convene in Riyadh under aegis of Future Minerals Summit
Riyadh, Kingdom of Saudi Arabia – January 6, 2022: The Ministry of Industry and Mineral Resources, in partnership with the Arab Industrial Development, Standardization and Mining Organization (AIDSMO), will convene the ‘Eighth Consultative Meeting of Arab Ministers for Mineral Resources’ in Riyadh on January 11, 2022. The ministerial meeting is a key part of the first-ever […]
Axiory Introduces Its CopyTrade App Just Weeks After Launching a New Website
4th Jan 2022, UAE – Global fintech leader, Axiory has introduced social trading to its offering with the release of the Axiory CopyTradeApp. This comes two weeks after unveiling its rebrand with a new website launch. The FCA regulated social trading app invites traders to copy successful strategies or become master traders and build a following. Traders can get the app […]
Emirates NBD becomes first bank in Saudi to be awarded prestigious LEED® Gold V4 ID+C:CI certification
Bank also leads MENA region as first to secure LEED® Gold-certification for branches Continues to sharpen focus on sustainability in branch operations Riyadh, 04 January 2022: Emirates NBD, a leading banking group in the MENAT (Middle East North Africa and Turkey) region, has announced that its Al Quds branch in Riyadh has been awarded LEED® V4 ID+C:CI […]
Banque Saudi Fransi Partners with Mastercard To Launch the Region’s First Customizable Cashback Credit Card
Consumers will enjoy eight instant cashback categories that will enhance their lifestyle Riyadh, Saudi Arabia; 04 January 2022: Banque Saudi Fransi (BSF) and Mastercard have partnered to launch the region’s first customizable cashback credit card that provides cardholders with the opportunity to select the cashback features to complement to their lifestyle and preferences. The new Mastercard Banque Saudi Fransi […]
Jadwa REIT Saudi Fund Receives Best REIT Award
Riyadh, 2 January 2022: Jadwa REIT Saudi Fund, managed by Jadwa Investment, a leading investment management and advisory firm and one of the largest real estate investment managers in Saudi Arabia, has been awarded “Best Investment Return over Three Years” among REIT funds listed on the Saudi stock market for the year 2020. The award was […]
Geidea collaborates with Forus to enable simplified access to capital and loan financing for Saudi SMEs
Riyadh, Saudi Arabia, 2 January 2022: Geidea, the largest fintech company in Saudi Arabia by market share, has collaborated today with Forus, a leading Saudi based financial technology platform for debt crowdfunding, to simplify access to capital and loan financing for Saudi-based businesses. Through this new partnership, SMEs will be able to pay back their loan amounts directly […]