Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Wa’ed expands financial support to over SAR 21 million after Jeddah event, announces VC investment in Saudi-based Fathom Solutions
October 7, 2021 – Wa’ed, the entrepreneurship arm of Aramco, has dedicated more than SAR 21 million in total financial support to Saudi-based startups after concluding its third national roadshow stop in Jeddah. The event follows two previously successful stops held in Al Jubail and Yanbu Industrial cities, where Wa’ed pledged a number of loans and […]
Mastercard welcomes NymCard as its newest Network Enablement Partner
Riyadh, KSA – 04, September 2021 – Mastercard has welcomed the banking-as-a-service (BaaS) provider and modern card issuing platform, NymCard, as the newest company to join its Network Enablement Partner program, providing it with the ability to deliver Issuances in record time. As a Network Enablement Partner, NymCard gets a direct connectivity with Mastercard, providing it with […]
Actual savings achieved by GCC states estimated at USD182.87 million in 2020
The GCC Pavilion in Expo Dubai hosts the first event by GCC Interconnection Authority (GCCIA) “Climate Change and Energy Security Forum” Forum aims to examine challenges confronting the energy industry and measures to combat the issues Dubai, 4th Oct 2021: Gulf Cooperation Council Interconnection Authority (GCCIA), a joint stock company comprising of the six Arab Gulf counties, conducted […]
Amazon Payment Services Speaks on Payment Innovation at Seamless Middle East
Dubai, United Arab Emirates, 30th September 2021 – Amazon Payment Services delivered a presentation at Seamless Middle East 2021 to discuss why “Customer Obsession Is Key to Reimagining Digital Payments.” The presentation marked a successful first year at Seamless Middle East for Amazon Payment Services, which also won the Seamless Award for ‘Best Payments Experience’ at the event. […]
Join Tetra Pak’s Sustainability Journey at Expo 2020
Tetra Pak is ready for Expo 2020 in Dubai, one of the world’s largest events which will open its doors to visitors on October 1, 2021. Jeddah, Saudi Arabia – 29, September 2021: Tetra Pak is an official partner to the Sweden Pavilion at Expo 2020 in Dubai which will open its doors on Friday, October […]
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ACWA Power launches the second edition of its innovative incubation competition “The Power is Within You”
Riyadh, KSA, 28 September 2021: Following the commendable success of the youth-driven initiative, ACWA Power, a leading developer, investor and operator of power generation and desalinated water plants, launched the second edition of “The Power is Within You” on the 91st Saudi National Day. The nation-wide initiative aims to empower youth in the Kingdom to ideate, develop […]
SEA Expo 2021 Closes with Record Attendance As Industry Gets Back on Track
[Riyadh, Saudi Arabia, Sep 27] – One of KSA’s leading trade shows for the country’s burgeoning entertainment industry, Saudi Entertainment and Amusement (SEA) Expo and Summit, concluded its three-day run at the Riyadh Front Exhibition and Conference Center on Tuesday, 9th September. Co-located with The Hotel Show Saudi Arabia and INDEX Saudi, the trio of entertainment, hospitality and interior design events saw […]
GoDaddy Regional Entrepreneurial Training Program Exceeds Target for Participation
Jointly held with Startups Without Borders, Training Program Coached over 500 Participants across the Middle East on starting a business online JEDDAH – GoDaddy Inc (NYSE: GDDY), the company that empowers everyday entrepreneurs around the world, announced today the completion of its ‘Start and Grow Online with GoDaddy’ training program with over 500 entrepreneurs and small […]
SADAFCO celebrates 91 years of KSA’s Unity and Harmony
Jeddah, Saudi Arabia: 26 September 2021- On the occasion of the 91st Saudi National Day, Saudia Dairy and Foodstuff Company (SADAFCO) congratulated the leadership of the Kingdom of Saudi Arabia and all who call KSA home. “We were thrilled to commemorate the 91st Saudi National Day together with our employees, partners and loyal customers. Saudi Arabia is […]
Jadwa Investment Announces Secondary Offering for Saudi REIT Fund
Riyadh, 26 September 2021: Jadwa Investment, a leading investment management and investment advisory in the Middle East and the largest manager of REITs in Saudi Arabia, has started today the secondary offering of its Jadwa REIT Saudi Fund. The proceeds from the secondary capital raise will be used mainly to acquire The Boulevard Riyadh, a luxury retail […]
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mobile financial services use more than triples in six years
70 percent of consumers in Sub-Saharan Africa believe that faster transactions would encourage them to use mobile money services more in the future Ericsson’s mobile financial solutions make financial transaction management as easy as sending a text – conveniently bringing banking to billions worldwide Covid-19 pandemic has accelerated the use of mobile financial services. About […]
PMI Launches Free, Online Course and Tool kit to Help Changemakers Jumpstart Project Success
KICKOFF™ digital course and tool kit introduces changemakers to the basics of project management and the actionable tools needed to effectively launch, execute, and manage projects United Arab Emirates, Dubai, 23rd Sep: Project Management Institute (PMI), the world’s leading association for project professionals and changemakers, announced the launch of KICKOFF , a new, free online course and tool kit […]
Shamma bint Sultan bin Khalifa Al Nahyan: ‘UAE led economic diversification in the region over last 50 years’
ABU DHABI, 22nd September, 2021 (WAM) — Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Co-founder of Aurora50, has said that “the UAE has led economic diversification in the region over the last 50 years, catalysing a shift towards a cluster-based economy and making significant headway in the establishment of innovative and sustainable industries.” The […]
Wa’ed raises support to Saudi entrepreneurs to 19.1 million SAR in national roadshow after new awards in Yanbu
8.9 million SAR in new loans and grants set aside at Yanbu event September 22, 2021 – Wa’ed nearly doubled its financial support to Saudi-based start-ups to 19.1 million SAR during a national entrepreneurship roadshow, following its decision to issue 8.9 million SAR in new loans and grants at an event in Yanbu. The socially distanced […]
Green innovations win big at Gulf Sustainability Awards 2021
Hosted by Awards International, the Gulf Sustainability Awards 2021 were held on September 20th, 2021, in Dubai; to celebrate recipients promoting the sustainable practices and green initiatives in the Middle East. Dubai based Dake Rechsand, a company offering transformative tech-enabled solutions in water conservation and desert farming, won Gold in the ‘Innovation in Sustainable Technologies’ category, […]
Gulf Region to Invest over USD 70 billion in Digital Infrastructure by 2024
EDISON Alliance 1 Billion Lives Challenge is a challenge to improve 1 billion lives globally by 2025 through affordable and accessible digital solutions. According to the World Economic Forum’s EDISON Alliance, an estimated 3.8 billion people worldwide are offline, and the cost of available broadband exceeds affordability targets in 50% of developed countries. Sharjah, United Arab […]
Emaar Al-Watan “EMAC” Marks Saudi’s 91st National Day with the Launch of Its New Identity
Jeddah, Kingdom of Saudi Arabia, September 23rd 2021: Emaar Al-Watan “EMAC”, leading Saudi building materials provider, has unveiled its new corporate brand identity in conjunction with the Kingdom’s celebration of its 91st National Day. The company’s latest milestone falls in line with the Saudi Vision 2030 and its leading role and contribution towards the development of Saudi […]
Start Something Priceless with Mastercard at Expo 2020 Dubai
Mastercard premieres its global-first immersive, multi-sensory Cube that will connect visitors to their passions and bring emerging payment technologies to life Official Payment Technology Partner will feature a lineup of experiences for the six-month period September 22, 2021, | Riyadh, KSA – As the world looks to the UAE for the opening of Expo 2020 Dubai on […]
Laying the foundations for the future: the path to tomorrow
By Mona Althagafi, KSA Country Director, Serco Middle East The past year has highlighted the huge strides that our country has made when it comes to future-proofing our economy as we accelerate out of the pandemic. Whether it’s empowering women to achieve their goals, creating a skilled nationalized workforce, strengthening our citizen experiences, and investing […]
AMAZON PAYMENT SERVICES PARTNERS WITH AMERICAN EXPRESS TO EXPAND ONLINE PAYMENTS ACCEPTANCE FOR AMEX CARDHOLDERS IN SAUDI ARABIA
Amex cardholders in Saudi can now shop with their Amex card on merchant and supplier websites that use Amazon Payment Services. Riyadh, Saudi Arabia, 21st September 2021 – Amazon Payment Services, a payment processing service in the Middle East and North Africa (MENA) region, has partnered with American Express to offer Amex cardholders access to thousands of online […]
Almarai’s Sustainability Report 2020:119% increase in solar energy usage
Almarai’s Sustainability Report 2020 revealed a 119% increase in solar energy use compared to 2019, as part of the company’s keenness to implement more sustainable solutions to reduce emissions every day. According to the annual report, Almarai is aware of the serious risks involved in climate change and the impact of greenhouse gas emissions associated […]
New appointments made at ALSTOM AMECA to further strengthen the company’s regional footprint
21 September 2021 – Alstom appoints new members to its Africa, Middle East, and Central Asia (AMECA) leadership team, as part of the Group’s efforts to strengthen its regional presence. Sacha Parneix has been appointed as Vice President of Sales & Marketing for the AMECA region. Sacha was most recently Chief Commercial Officer at GE Steam Power, in which […]