Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Rethink How You Consume IT
By: Mohammad Abulhouf, Senior Sales Director, KSA, Bahrain & Qatar at Nutanix The consumption of products and services has changed for good. We live in a consumer-centric world where we switch on the television and watch the service we elect, whether that is Amazon Prime, NetFlix, or Apple TV. The point is that as consumers […]
Technology is the Primary Disruptor and Value Creator Across All Sectors
By Juerg Kronenberg, Partner, Bain & Company, Middle East and Matthew Crupi, Partner, Bain & Company, Dallas Dubai, UAE, 28 December 2021: Most of the largest creators of value in recent years, regardless of sector, have one thing in common: technology is critical to their business. In general, companies and sectors with less tech-enabled innovation […]
Three Ways to Reinvent Retail Customer Engagement in a Post-COVID World
By Robbie Kearns, Senior Regional Vice President – Africa, Middle East, and the Mediterranean, Salesforce DUBAI, United Arab Emirates — 27 December 2021 — As the COVID-19 pandemic has accelerated the shift to shopping online, retailers have had to re-imagine how they do business in a new digital world. Over recent months, leveraging technology to stabilise their […]
Almarai achieves Excellence in Corporate Governance Award 2021
Almarai won the “Excellence in Governance Award 2021”, awarded to the best companies listed in the Saudi capital market, for successfully completing 150 governance standards. This recognition was announced in the Third Global Conference on Governance activities organized by Al-Faisal University. “Winning this award confirms Almarai’s commitment in implementing the corporate governance standards issued by […]
Schneider Electric and Worley collaborate to accelerate digital transformation in Saudi Arabia
Agreement aims to accelerate the uptake of digital solutions and technologies in key energy markets and smart city projects Riyadh, Saudi Arabia, 25 December 2021: Schneider Electric and Worley have signed a partnership agreement to develop and deploy digital solutions and new technologies for the energy market and smart city projects across Saudi Arabia. Together, they […]
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New Mastercard podcast shows how financial inclusion is creating an equitable future for all
· Mastercard is shining a spotlight on the significance of financial inclusion in addressing some of the world’s most pressing socioeconomic challenges in a new podcast ‘Journey to One Billion’ experts, business leaders and entrepreneurs from the Middle East, Africa and around the world spotlight the innovations and partnerships that build a sustainable digital economy where people and the planet can […]
Esports Middle East LLC announce record-breaking year results for 2021
Esports Middle East LLC wins the 2021 Excellent Service Provider award from Tencent and continues its growth to be a leader in gaming service providers and digital solutions for brands. 23 Dec 2021 – Dubai, UAE: Esports Middle East LLC (ESME), a world-leading esports and gaming solutions provider based in the Middle East, has announced the […]
Jadwa Investment Launches Al Shorfa Investment Fund
Riyadh, 22th December 2021: Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today the successful launch of its Al Shorfa Investment Fund in partnership with First Avenue For Real Estate Development Company. Al Shorfa Fund is a closed-end, Shariah compliant real estate investment fund with a target size of SAR 250 […]
The General Entertainment Authority introduces innovative wearable pre-paid technology and cards for use at Riyadh Season with stc pay
The tap-to-pay wearable solution is rechargeable and offers a convenient and comfortable payment option The pre-paid solutions will reduce waiting times for rides, increasing the entertainment experience’s fun factor Riyadh, December 22, 2021 – As one of the sponsors for Riyadh Season, and in collaboration with the General Entertainment Authority and leading events management company Sela, […]
Value fashion brand Twenty4 launches new outlet in Dammam, brings new styles to one of the Kingdom’s fast-growing cities
Twenty4, a leading value fashion brand in the Middle East, has announced the launch of a new outlet in Dammam, hoping to acquaint the city with the latest styles in fast fashion and staying true to its promise of increasing accessibility to its customers. December 20th, Riyadh, Saudi Arabia: Twenty4, a leading value fashion brand in […]
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The Event That Changed The Metaverse; Blockchain World Abu Dhabi Engaged, Excited and Educated the World
The inaugural Blockchain World Abu Dhabi welcomed over 5,329 attendees and streamed live, with global online visitors from over 100 countries The largest Blockchain event attendance in MENA region history for online and offline audiences Featuring over 60 expert speakers, with a total online reach of 1.3 billion social followers, who raptured audiences Abu Dhabi, […]
Arthur D. Little launches new ‘AFAQ’ Program to foster new generation of Saudi consultants
The 12-month program will prepare local up-and-coming talent for consulting positions Participants will gain experience by interacting with Arthur D. Little teams and working with clients on projects AFAQ begins in February 2022 and applications are now open Riyadh, Saudi Arabia – 19 December 2021: Arthur D. Little (ADL), a leading management consultancy firm with the […]
SWIFT delivers major milestones in strategy for instant and frictionless transactions, and sets the stage for global adoption in 2022
Co-operative highlights significant momentum in 2021 as it delivers at pace to make instant, frictionless transactions a reality Global financial community demonstrates strong support for strategy adoption Industry set for accelerated transformation next year with ISO 20022 migration and the activation of SWIFT’s evolving platform Brussels, 14 December 2021 – A year after sharing a bold […]
Mastercard partners with Schoolvoice to transform payment ecosystem in education sector across MENA
Riyadh, KSA; 16 December 2021 – Mastercard has partnered with Schoolvoice, a school-parents communication platform based in the UAE, to digitize the education experience for schools in the Middle East and North Africa (MENA) region. The collaboration will help simplify communications and enable automated payments between parents and schools. Any school can be onboarded in Schoolvoice […]
The Family Office partners with global asset managers to offer access to exclusive investment opportunities
The Family Office Company B.S.C. (c) is providing its clients with access to exclusive private market investments, that are normally unavailable to individuals in the public domain. The firm is partnering with global asset managers to unlock these exciting alternative investment opportunities for its clients that have the potential to outperform the public markets. After creating their investment […]
Dubai Government celebrated for advances in digital innovation and technology by JAGGAER/Tejari
The Tejari Procurement Excellence Awards highlighted some of the most innovative and forward-thinking initiatives implemented by the Dubai Government using JAGGAER technology to transform the role and impact of procurement Dubai, United Arab Emirates: 15 December 2021: Innovation and digitalization in Dubai Government were celebrated as part of the inaugural Tejari Procurement Excellence Awards, with the […]
Successful completion of stc Secondary Public Offering with a total offering size of SAR 12 billion
The secondary public offering of 6.0% of stc’s share capital was completed successfully, with a total offering size of SAR 12 billion The Offering was a resounding success and was oversubscribed by retail and institutional investors The structuring and execution of this secondary offering, the first of its kind in the Saudi capital market, will […]
Mastercard and ProgressSoft Partner to Simplify Remittance Solutions across Middle East and North Africa
Collaboration to simplify and speed up cross-border remittances for consumers Enables banks to onboard Mastercard Cross-Border Services within half the time as compared to before Riyadh, KSA – 14 December, 2021 – Mastercard has entered into a strategic partnership with the real-time payment solutions company, ProgressSoft, to ease the integration of Mastercard Cross-Border Services and accelerate […]
First-of-its-Kind Sustainability Framework Empowers Data Center Industry to Take Control of Sustainability Goals
The rise in digital demand and increased pressure from key stakeholders drives the need for standardized environmental-impact reporting for data centers Schneider Electric’s framework proposes 5 key areas of impact to address with 23 key metrics in Beginning, Advanced and Leading categories Dubai, United Arab Emirates – December 14, 2021 – Schneider Electric has released a comprehensive novel […]
YORK signs MoU with King Abdullah Port to strengthen efforts to transform Saudi Arabia into top global logistics hub
Agreement aims to improve the Kingdom’s marine services by providing marine vessel maintenance and repair services In line with Saudi Arabia’s Vision 2030 goal to develop the capabilities of the marine sector in the Kingdom, the Ports Development Company (PDC), the owner and developer of King Abdullah Port, signed at its headquarters in King Abdullah […]
The Arab Monetary Fund (AMF) announces an MoU with Mastercard to join forces in facilitating the growth of payments activities across MENA region and beyond
The interoperability between Buna and Mastercard will allow participants to substantially increase their footprint in the payment industry in the region and beyond Riyadh, 13 December 2021: The Arab Monetary Fund (AMF) and Mastercard, announced today the signing of a Memorandum of Understanding (MoU). Under the terms of this MoU, Mastercard and Buna (the cross-border and multi-currency payment […]
Almarai Honors the winners of its Award for Veterinary Medicine in the GCC for its 13th
In a ceremony held in Makkah Al-Mukarramah under the patronage of His Excellency the Director of King Faisal University, Dr. Muhammad bin Abdulaziz Al-Ohali, and His Excellency the Mayor of the Holy Capital, Eng. Muhammad Al-Quwais. Almarai has honored the winners of the thirteenth session of the Almarai Award for Veterinary Medicine for the countries […]