Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
GCCIA hosts annual GO15 meeting in Dubai; calls for intensifying international collaboration towards energy transition and tackling climate change and resiliency issues
The Global event serves as an international strategic platform to discuss grids of the future, e-mobility, digitization and storage November 25, 2021, Dubai–The GCC Interconnection Authority (GCCIA) successfully hosted and organized the annual GO15 meeting, the world’s gathering of the largest power grid operators, at the Sofitel Jumeirah in Dubai. The meeting was convened and […]
Hisense Expands its B2B Footprint in the Middle East
Launches intelligent products and solutions that redefines the business spectrum Dubai, UAE, 25 November 2021: Hisense, one of the world’s leading consumer electronics manufacturers dedicated to developing and producing cutting edge technology, has successfully expanded its footprint in the B2B sector, focusing on intelligent Smart City solutions, interactive displays and 138-inch all-in-one business solution screens during its participation in the GITEX Technology Week 2021. From retail […]
Diriyah Gate Development Authority unveils its vision for Diriyah Square, the commercial heart of the Diriyah giga project
Riyadh, November 2021 – Diriyah Gate Development Authority (DGDA) today officially unveils its vision for Diriyah Square, the commercial heart of its 190 Billion SAR [50 Billion USD] Diriyah giga-project on the edge of Riyadh, Kingdom of Saudi Arabia – scheduled to be open by 2024. Bringing together wonderful experiences for young and old, Diriyah Square is […]
LG ELECTRONICS ANNOUNCES NEW CEO AND OTHER CHANGES TO AGGRESSIVELY TACKLE 2022 AND BEYOND
Advancing Business Portfolio with Greater Focus on Digital Transformation JEDDAH, Nov. 25, 2021 — LG Electronics (LG) today announced that William Cho, its Chief Strategy Officer, will also take on the responsibility of Chief Executive Officer effective December 1. LG’s top strategist since 2019, Mr. Cho was responsible for establishing LG’s Business Incubation Center and fostering new businesses opportunities […]
Schneider Electric and Prisma Photonics partner to increase integrity and efficiency for Oil and Gas pipeline operators and owners
More accurate event detection and classification Improved event location accuracy (at a resolution of less than 10 m) Identification of multiple, simultaneous events without interference or crosstalk Dubai, UAE, November 24 2021 – Schneider Electric, the global leader in the digital transformation of energy management and automation, and Prisma Photonics, a provider of next-generation fiber sensing […]
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W7Worldwide’s Guide for CEOs to Effective Leadership Towards COVID-19 Recovery
Along the COVID-19 crisis cycle of disruption, management, and recovery, important decisions have become part of everyday for CEOs and big decisions take courage. During the first phase of the crisis, business leaders formulated and activated their crisis plans to react to what was needed immediately. The management phase presented an uncertain wait and see phase with […]
Online payment fraud increases by 208% amid the Black Friday season
The growth of phishing attacks mimicking e-payment pages was spotted in the run-up to the Black Friday period. The total number of financial phishing attacks disguised as e-payment systems more than doubled from September (627,560) to October 2021 (1,935,905), indicating a 208% increase. This and other findings are in Kaspersky’s ‘Black Friday 2021: How to Have a […]
Farm’s Select wins the Nielson Award for Best Innovative Products in the Kingdom of Saudi Arabia
According to Nielson Company study, ” Farm’s Select” juices, one of Almarai’s products, won the first prize “Super Star” as the best innovative product in the Saudi market. The study analyzes the purchasing behavior of consumers regarding products of different companies around the world. “We understand the importance of making healthiest choices for the individual and […]
PepsiCo launches Greenhouse Accelerator in MENA to advance sustainability and innovation through startup collaboration
Circular Economy Startups or Entrepreneurs with breakthrough packaging technology can now apply online for a spot on the PepsiCo Greenhouse Accelerator: MENA Sustainability Edition Riyadh, Saudi Arabia – 22 November 2021 – PepsiCo has announced the launch of its first MENA edition of the Greenhouse Accelerator program, active globally since 2017. The six-month initiative seeks to […]
Collinson Valuedynamx expects White Friday 2021 to show a return to peak spend through traditional retail categories despite a recent spike in travel-based spend
Valuedynamx urges retailers to align with travel reward programmes to maximise spend during key retail peaks For reward programmes, this alignment enables relevance and engagement through non-travel everyday spend Dubai, UAE – 23 November 2021: In what has been an unusual year where different trends and behaviours have emerged, early year-on-year spending patterns indicate consumer spend […]
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Payguru and Iyzico Launch Direct Carrier Billing for Digital Wallets in Global First
TPAY MOBILE company Payguru partners with leading Turkish virtual POS provider to enable first-ever digital wallet top-ups via DCB 23rd November 2021 – Payguru, a TPAY MOBILE FZ-LLC company, today announces the launch of a new use case for Direct Carrier Billing (DCB) in partnership with Iyzico, the leading provider of virtual Point of Sale solutions (POS) in […]
stc pay ranked as one of the most popular digital only banks in the middle east
According to a survey conducted by a leading international digital publication Riyadh, November 23, 2021 – Countless consumers have been hopping onto their search engines searching for a digital bank to replace their traditional bank. With contactless payment becoming the norm, stc pay lead this initiative and executed it innovatively for smooth and easy transactions. stc […]
LG Honored With 24 Awards for Innovation Ahead of CES 2022
Various Products From LG Recognized for Contributing to Innovation,Including OLED TVs, Home Appliances and B2B Products Jeddah, Nov. 21, 2021 – LG Electronics (LG) has been recognized once again for its excellence in technology with CES 2022 Innovation Awards, collecting a total of 24 accolades leading up to the largest industry trade show in January. Every […]
REDTAG expands KSA footprint with new store launch in Mujan Park Mall, Khamis Mushait, accompanies it with Half-Back offer
REDTAG, the Middle East’s favourite value fashion and homeware brand, has launched a new retail outlet in the Mujan Park Mall, located in the heart of Khamis Mushait city. The launch was accompanied by an opening Half-Back offer on every purchase worth SAR 300. November 22nd , Riyadh, KSA: REDTAG, the region’s favourite homegrown value fashion brand, […]
Citi CEO Jane Fraser Heads Senior Delegation in Saudi Arabia
Riyadh – Senior officials from Citi, led by CEO Jane Fraser, have recently concluded a successful three-day visit to Saudi Arabia. The delegation called on key government officials, regulators, and select clients. The meetings were opportunities to reiterate Citi’s commitment to supporting its clients in the region’s largest economy. The visit is the first by […]
LEAP to bring together best minds in technology to tackle global challenges
LEAP 2022 set to become the largest global platform to connect pioneers, innovators, and disruptors to explore and engage with the latest in technology 18 November 2021: This February 2022, Saudi Arabia will be hosting the largest technology event ever launched, LEAP, bringing together the global technology community under one roof to tackle the biggest socio-cultural […]
Amid the Great Resignation, Curiosity is an Increasingly Important Skill for Employees, According to New SAS Study
While curiosity can address critical business challenges, many organizations struggle to develop and harness this skill United Arab Emirates – Dubai (November 18, 2021) – In the age of the Great Resignation, curiosity is increasingly recognized as a valuable skill by business leaders. Curiosity is increasingly sought by employers to address some of the biggest challenges […]
Huawei Global Oil & Gas Summit 2021: Intelligent Oil & Gas Fields Solution
Abu Dhabi, UAE, November 17, 2021: Huawei recently hosted the Global Oil & Gas Summit 2021 in Abu Dhabi, themed Drive Data to Barrel, Embrace Intelligence to Grow. During the summit, Huawei launched a new solution – Intelligent Oil & Gas Fields – designed to help oil and gas enterprises go digital. The solution covers several […]
Refinitiv releases findings of 2021 Islamic Finance Development Indicator
Islamic finance industry projected to reach $4.94 trillion in 2025 Global Islamic finance assets rose 14% to $3.374 trillion in 2020 Saudi Arabia’s Islamic finance assets increased by 18% to $826 billion in 2020 UNITED ARAB EMIRATES – Islamic finance industry is projected to reach $4.94 trillion in 2025 according to the Islamic Finance Development Indicator […]
Drilling for Digital Oil: Is Blockchain the New Digital Oil of The Middle East?
DCS 2021, part of Blockchain World, will examine how the MENA region can develop a multi-billion blockchain economy as the global capital of cryptocurrency. The public cloud services market in the Middle East and North Africa (Mena) region was estimated at Dh7.97 billion ($1.9 billion) in 2020, double what it was in 2016 (Statista). Dr […]
Geidea signs strategic partnership Alamthal Financing to simplify loan financing for Saudi SMEs
New solution to enable auto repayments of loans via Point-of-Sale terminals Riyadh, Saudi Arabia, 16 November 2021: Geidea, the largest fintech company in Saudi Arabia by market share, today announced its partnership with Alamthal Financing, a leader in financing small and medium enterprises (SMEs), to simplify loan financing and repayments for Saudi businesses. Through this new […]
Saudi Arabia’s The Red Sea Development Company Advances Digital Transformation with SAP
RIYADH, Kingdom of Saudi Arabia – 15 November 2021 – The Red Sea Development Company (TRSDC), which is driving the development of the giga-project The Red Sea Project (TRSP), announced today it is advancing its digital transformation with global technology company SAP. Along Saudi Arabia‘s west coast, the Red Sea Project is a regenerative tourism destination spanning 28,000 square […]