Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Citi Names Elissar Farah Antonios as the first woman to run its MENA Operations
UAE, Dubai- 09 December 2020: Citi is pleased to announce Elissar Farah Antoniosas Head of the MENA Cluster. As MENA Cluster Head, Elissar will assume overall responsibility for driving Citi’s business in the MENA region Citi’s global network is one of the key differentiators, and the emerging market access Citi provides its clients is unparalleled. Last year, Citi formed the EMEA Emerging Market (EM) Cluster to bring […]
Refinitiv & ICD 2020 Report: Global Islamic Finance Assets Expected to Hit $ 3.69 trillion in 2024
Malaysia, Indonesia, Bahrain, UAE and Saudi Arabia ranked as the top five developed countries globally in Islamic Finance Indonesia jumped to second place in IFDI ranking backed by government knowledge initiatives Islamic finance assets increased 14 percent to US$ 2.88 trillion in 2019, the highest recorded growth for the industry since the global financial crisis […]
Breakbulk Middle East introduces pioneering initiatives for the 2021 edition
By collaborating with the local government and key players, Breakbulk Middle East will introduce new initiatives to boost youth participation and help businesses prepare for a post-pandemic era Suhail Al Mazrouei: The marine industry is one of the foundations for the economic development of the UAE UAE _Dubai _December 9_ 2020: Held under the patronage […]
Lulu joins hands with Empay for contactless payment
Customers can now shop with Empay app Dubai, United Arab Emirates– Dec 7, 2020-(AETOSWire)- Region’s leading hypermarket and supermarket chain Lulu Group has become the first major retailer to sign up on Empay, the world’s first contactless lifestyle payment ecosystem with instant credit. Empay, designed and developed within the UAE’s Smart Government program framework, is a […]
Seatrade Maritime Middle East Virtual emphasises on the need for digital transformation in the industry
The event will highlight technology-enabled solutions that will assist the sector’s move to smart operations, enabling a digital revolution in the industry Dubai, United Arab Emirates, 6 of December 2020: Seatrade Maritime Middle East Virtual 2020 (SMMEV), the region’s leading event in the shipping industry, will take place virtually from 14 to 16 December 2020, with its live […]
Tejari/JAGGAER confirms participation at #GITEX2020
The leading spend management company will showcase the latest technology and products to support procurement teams in the Middle East region Dubai, United Arab Emirates, 6th December 2020: Tejari/JAGGAER, the world’s largest independent spend management company, has announced its participation in the 40th GITEX Technology Week, which starts today and continues until the 10th December, at the Dubai […]
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EVOTEQ to showcase key projects at UAE’s first unmanned stand at GITEX
Company to highlight how its focus on innovation & digitization helps clients to adapt to new market conditions December 5, 2020 – EVOTEQ, a digital transformations solutions provider leading enterprises and governments through their digitization journeys, will showcase key projects at the first unmanned stand in the UAE during its participation at GITEX Technology Week 2020 from December […]
US E-commerce Thanksgiving Weekend Spending Hits a Record $29 Billion
The pandemic has changed holiday season shopping traditions, like people flocking to online platforms instead of stores. The changing trends are evident based on the revenue generated over the Thanksgiving holiday. Data presented by Buy Shares indicates that the United States e-commerce shopping revenue during Thanksgiving holiday weekend hit $29.6 billion. The revenue is from Cyber Monday, […]
Ericsson again selected for inclusion in the Dow Jones Sustainability Indices (DJSI)
Ericsson is one of the top-ranked companies within its industry group in the highly respected evaluation of sustainability-driven, publicly listed companies. The results of the annual Dow Jones Sustainability Indices (DJSI) were announced on November 13, 2020 and showed Ericsson as one of the top-ranked companies within its industry group: technology, hardware and equipment. The […]
Amazon’s 2020 brand value grows by 60% as the top 10 firms’ value surpasses $1.1 trillion
This year has been a significant test for major brands to maintain their market value amid the pandemic. Brands that offered essential services during the pandemic have seen their value surge to new highs. Data presented by Bankr indicates that the top ten firms have a cumulative brand value of $1.15 trillion as of November 2020. American […]
Refinitiv And Saudi Central Bank Inaugurates 12th round the Compliance and Anti Money Laundry Seminar in Saudi Arabia.
SAUDI ARABIA – Refinitiv and The Saudi Central Bank inaugurated today the 12th edition of the Compliance and Anti Money Laundry Seminar in Saudi Arabia. His Excellency Dr. Ahmed bin Abdul Karim Al-Kholifey, Governor, Saudi Central Bank, and Chairman of the Anti-Money Laundering Permanent Committee, delivered a keynote speech at the opening ceremony highlighting the emergence […]
Global PC Sales Revenue to Plunge by $31.4B Amid COVID-19 Outbreak, Entire Industry to Recover for Three Years
The COVID-19 outbreak has triggered the most significant fall in PC shipments since 2013, as pandemic affected supply chains and forced consumers to prioritize their spending. After a sharp fall in the first quarter of 2020, global PC shipments have grown in the last eight months. However, it wasn’t enough to alleviate the revenue loss […]
GENDER LENS INVESTING VITAL TO GLOBAL ECONOMIC RECOVERY #GMIS2020
In developing countries, women are 20 percent less likely to have access to base technologies such as mobile phones and the Internet Research from the International Finance Corporation shows that their gender-balanced teams display a 20 percent higher return than male-dominated teams Experts at the Global Manufacturing and Industrialisation Summit’s #GMIS2020 Digital Series discuss how gender lens investing can […]
iPhone Sales Revenue Plunged by $8.5bn YoY, Global Smartphone Market Share Dropped to 11.7% in Q3
As one of the world’s largest companies with a market cap of over $2trn, Apple derives a huge chunk of its revenue from iPhone sales. However, Apple’s most profitable product witnessed a significant revenue drop in 2020, as the COVID-19 crisis knocked down global smartphone shipments. According to data presented by Finaria, iPhone sales in the […]
Saudi Fransi for Finance Leasing for their Clients: Choose your car and your insurance
Riyadh – Saudi Arabia: After our successful achievements and huge product demand by the customers in the Kingdom of Saudi Arabia, we, Saudi Fransi for Finance Leasing launched the latest offers to our customers under the title: «Choose your car and your insurance instantly without any trouble». The advantage of this new offer includes our […]
Malaeb joins Vooora Ventures Accelerator
Vooora Ventures, the first SportsTech Accelerator in MENA, powered by Kooora.com, the leading digital sports platform in the Arab World, signed an acceleration partnership agreement with Malaeb, a community app that connects people through sports which have gathered remarkable traction in the GGC over the past couple of years.Dubai, UAE– Dec 1, 2020 – Vooora Ventures, […]
Bottom-up innovation is near the bottom of modern corporate values
Even though a majority (88%) agree that successful organizations encourage innovation at every level and within every team, this does not always translate into tangible strategy 30 November 2020 As many as 88% of innovation leaders agree that successful organizations encourage innovation at every level and within every team. However, only 16% of companies include ‘empowering individuals’ as an […]
Breakbulk Middle East empowers women in the breakbulk sector
The sixth annual edition of BBME promotes women in leadership through an increase in female involvement in the segment UAE – Dubai – 30 of November 2020: Breakbulk Middle East, the GCC’s leading breakbulk and project cargo event, has continually played an active role in increasing the participation of women in key areas in the industry. […]
Empay, the world’s first contactless instant credit lifestyle payment ecosystem, launched in Dubai
The region’s first ‘Tap to Pay’ and QR-based mobile payment solution developed for the UAE residents from all walks of life This next-generation mobile payment ecosystem offers instant line of credit for a range of services and facilitate in-app and contactless lifestyle payment services. UAE residents can register with Empay, available on Google Play Store […]
Entersekt and Cellulant Partner to Deliver Safer Mobile Banking Solutions
Pan-African fintech giant already working on deployments with institutional customers CAPE TOWN, South Africa–(BUSINESS WIRE/AETOSWire)– Entersekt, a leader in device identity and omnichannel authentication, has announced a partnership with Cellulant, Africa’s leading financial technology company. The partnership will further enhance Cellulant’s cybersecurity by proactively securing its digital banking channels and guarding against digital banking and […]
Online, on-demand maintenance key to retaining tenants says Hitches & Glitches chief
Tech-savvy tenants will also drive adoption of online booking platforms in win-win situation with landlords With property supply currently outstripping demand, landlords know it’s a renter’s market and many of them are facing stiff competition when it comes to securing existing or attracting new tenants. Simply discounting rates will only lead to a race to […]
Zain KSA completes capital restructuring, remaining offer of priority shares oversubscribed by 469%
“Zain KSA” succeeds in its capital restructuring, extinguishing most of the accumulated losses and paving the way for dividends distribution Prince Nayef: Demand for the rights issue heralds a new phase of transformation on the operational and profitability levels for “Zain KSA” Eng. Sultan Al-Deghaither: The company will continue to invest in the digital sector, […]