Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Dorf Ketal Chemicals of India, and TriBonds Chemical Co. of KSA, announce JV to make process and water specialty chemicals, for regional refining, petrochemical, and industrial applications
Dorf Ketal Chemicals India Pvt Ltd. and TriBonds Chemical Co. have announced a Joint Venture to manufacture and market process and water specialty chemicals, for use in refining, petrochemical, and industrial processing applications, in the region Damman, KSA, September 20, 2021: Dorf Ketal Chemicals India Pvt Ltd. a company headquartered in Mumbai, India; and TriBonds Chemical Co., based […]
Wa’ed approves plan to finance construction of first Saudi facility to make an essential oil and gas drilling compound
September 16, 2021 — Wa’ed, the entrepreneurship arm of Aramco, has approved a plan to finance construction of a factory in Jubail that will be the Kingdom’s first maker of an essential compound used in the oil and gas drilling process. The 3.75 million SAR loan to SICCO, a Jubail-based start-up, is part of Wa’ed’s strategy of empowering […]
A Strategy to Prepare for an Uncertain Future
By Nikhil Prasad Ojha, Partner, Bain & Company Mumbai and Juerg Kronenberg, Partner, Bain & Company Middle East More CEOs than not will tell you they were thoroughly surprised by how decisive their organizations turned out to be in the heat of the Covid-19 crisis. With no choice but to act, management teams scanned the […]
Mastercard Offers Expo 2020 Dubai Visitors the Opportunity to Contribute to our #PricelessPlanet
When buying tickets for the mega-event, consumers will have the option to contribute to preserving the environment by donating at checkout September 14, 2021, Riyadh, KSA – As the Official Payment Technology Partner of Expo 2020 Dubai, Mastercard will be powering the mega-events payments and ticketing platform and offering visitors an opportunity to join the fight against […]
UAE startup BeanBurds transforms online shopping by using Augmented Reality
Beanburds is the first UAE brand to launch augmented reality to redefine the coffee retail experience Dubai, UAE, September 14, 2021: Innovative UAE startup BeanBurds has launched augmented reality to improve the online shopping experience for coffee connoisseurs. BeanBurds offers specialty beans, coffee machines, tools, accessories, and everything needed to craft the perfect brew at home. With […]
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Emirates NBD Group, Expo 2020 Dubai and Mastercard introduce exclusive card programmes to power Expo experience
: Digital-first offering available via the dedicated ‘Joyn from Emirates NBD’ mobile App; essential companion for UAE and Expo 2020 Dubai visitors with exciting offers at 2,000+ shopping, dining, wellness and entertainment touchpoints Emirates Islamic Expo Mastercard Credit Card: Exclusive, limited edition co-branded credit card, offering a wide range of specially designed benefits and privileges, catering […]
Monstarlab enters into agreement to acquire UAE home-grown ecap to drive rapid talent expansion globally
Acquisition will power end to end transformation of technology & leadership Agreement will help empower C-level talent with technology excellence Monstarlab’s acquisition of ecap forms part of long-term MENA investment and international executive search, talent acquisition and assessment strategy 13 SEPTEMBER 2021 – Dubai, United Arab Emirates: Monstarlab, the Japanese-established, global technology leader, has entered […]
JAGGAER signs exclusive deal with leading Egyptian developer
The new partnership will see JAGGAER’s software solution implemented at Ora Developers, one of Egypt’s most prominent developers of upscale residential properties Dubai, United Arab Emirates, 13 September 2021: JAGGAER has signed an exclusive deal with Ora Developers, one of Egypt’s most successful real estate developers of luxury residential, hospitality, and commercial properties around the world. As […]
Cedar Rose Launches AHLAAN – Automated Onboarding Solution for Companies and Individuals
Cedar Rose has announced the launch of AHLAAN – Automated Onboarding Solution for Companies and Individuals enabling faster onboarding than ever with higher confidence. This holistic solution has been specifically designed for regulated entities and those who are looking to streamline their onboarding processes. Antoun Massaad, the Co-Founder and CEO of Cedar Rose, stated, “With […]
Middle East designated leading innovation hub by latest Arthur D Little report with Saudi Arabia set to pursue further innovation and entrepreneurial districts
Saudi companies are benefitting from a concentrated innovation ecosystem and supply chain in a single district The Middle East houses a multitude of proven Innovation Districts and centers Arthur D. Little shed lights on imperative steps before future projects are pursued Dubai, UAE – 13 September 2021: In the new post-pandemic world of work, Innovation Districts are well-positioned […]
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HIS HIGHNESS SHEIKH MANSOOR BIN MOHAMMED BIN RASHID AL MAKTOUM OPENS THE BIG 5 2021
His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Sports Council, opens The Big 5 Dubai, 12th September 2021: His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Sports Council officially inaugurated the 42nd edition of The Big 5 at the Dubai World Trade Centre this morning. Now in its 42nd edition, The Big […]
Almarai participates in the Hotel Show 2021 in Riyadh
Almarai participated in the Hotel Show 2021 in Saudi Arabia, which was held for the first time in Riyadh at Riyadh Front Center for Exhibitions and Conferences from the 7th till the 9th of September 2021. The Hotel Show 2021 is an annual event that brings together the leaders of the hotel and hospitality sector, […]
Petrolube Oil participates in ‘Omnipreneurship Award 2021’ to promote environmental sustainability
The award aims to develop innovative solutions to re-refine used cooking oil Saudi cooking oil market estimated at 540,000 metric tons annually Competition will run from September 9th to November 30th Jeddah, Saudi Arabia: September 12th 2021 Petrolube Oil has successfully qualified to participate in the global 2021 Omnipreneurship Awards: through its Sustainability Branch Challenge. After a tough […]
FII Institute invests in Interstellar Lab, accelerating sustainable farming on Earth and in space
FII is investing in Interstellar Lab’s closed loop biodomes for sustaining life on Earth, the moon and Mars. This $500,000 USD investment is part of FII’s mission to Impact on Humanity by helping to reduce the burden on the planet and prepare for the future with AI simulation-based designs Riyadh, Saudi Arabia, 7 September 2021, (AETOSWire): […]
Saudi Arabia’s AlMalki Group Digitally Transforms Luxury Retail Experiences for Millions of GCC Customers
Kearney: GCC E-Commerce Market Grows at 20% CAGR to Top USD 29 Billion in 2021; Salesforce Solutions Provide Personalized, Omni-Channel Customer Shopping Journeys JEDDAH, Kingdom of Saudi Arabia – 7 September 2021 – Salesforce, the global leader in CRM, announced today that AlMalki Group, a Saudi-based family-owned group, which will celebrate its 70-year anniversary in 2022, […]
THE BIG 5 TO GATHER GLOBAL CONSTRUCTION PROFESSIONALS IN-PERSON NEXT WEEK
The Big 5 is the only live in-person event connecting the global construction community in 2021 Over 1200 exhibitors representing 50 countries confirmed so far, including 20 country pavilions Knowledge sharing opportunities feature 70+ talks from 150 global speakers, 3 high-level summits Dubai, 8th September 2021: Construction professionals from the region are Dubai-bound for The Big 5 next week, […]
Webinar to Bring Together Leading Experts from GCC to Discuss Future of Customer Onboarding in Financial Services
With COVID-19 acting as a catalyst, financial institutions are under increased pressure to expedite the digital transformation from regulators, growing competition from fintech or internet companies, and changing customer preferences, besides other factors. To address the challenges and highlight the latest trends and best practices related to the future of customer onboarding in financial services, […]
IKEA store implements Micro Fulfillment concept with automated logistics by Swisslog
IKEA has launched a new store concept with an automated small parts system by Swisslog. As part of the furniture giant’s ‘Store of the Future’ program, the pilot solution was completed at the IKEA store in Zagreb, Croatia. Representing the first in a series of future projects, IKEA stores around the world are set to […]
Finastra identified as a leader in corporate digital banking platform market
Celent recognizes standout capabilities with awards for the breadth of functionality, customer base, and support Riyadh – KSA– September 07, 2021 – Finastra has been named a leader in corporate digital banking platforms by Celent. Two reports, which cover North America and the rest of the world, recognize Finastra’s standout capabilities in this sector. The reports, titled ‘Corporate […]
Wa’ed sets aside 10.2 million SAR to support Saudi-based entrepreneurs as road show debuts in Jubail
September 7, 2021 – Wa’ed has recommended a combined 10.2 million SAR in seed grants and loans to six Saudi entrepreneurs as the entrepreneurship arm of Aramco began a six-city national roadshow in Jubail to fund the best new start-ups. The 2021 Wa’ed Entrepreneurship Roadshow recommended loans be issued to Ahmad Alkhowaiter, the first Saudi producer […]
Pagero named qualified e-invoicing solution provider by ZATCA
Riyadh, Saudi Arabia, 7 September 2021, (AETOSWire): The Zakat, Tax and Customs Authority (ZATCA) has named Pagero as a qualified e-invoicing solution provider in the Kingdom of Saudi Arabia. Pagero’s e-invoicing solution has met the requirements by ZATCA for issuing electronic invoices and notices, which will be mandatory for all taxpayers subject to VAT in Saudi […]
SWIFT publishes paper on digitizing trade: the time is now
SWIFT processes over USD 2 trillion in global trade and records a 72.4% increase in usage of its Digital Trade Channel solution in 2020 Paper draws on SWIFT data and community views to identify key elements that are needed to facilitate trade digitisation Dubai, September 7, 2021 – SWIFT, the world’s leading provider of secure financial messaging […]