Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
20M SAR Sales Achieved During HUAWEI MEGA OFFERS CARNIVAL
Saudi Arabia, Riyadh 29 November 2020 – – Huawei Tech Investment Saudi Arabia Company today announced the success of its HUAWEI MEGA OFFERS CARNIVAL achieving a total of 20M SAR in overall sales. The 3 days carnival saw massive offers on Huawei’s wide product portfolio including smartphones, wearables, audio solutions, laptops, tablets, and more. Held on the 25th of November on […]
Seatrade Middle East Virtual announces the launch of trailblazing initiatives to aid the expansion of the maritime industry
The new initiatives that align with the UAE’s development strategy focus on supporting small and medium-sized enterprises, promoting innovation and creativity and empowering young cadres to explore maritime professions Dubai, United Arab Emirates, November 29 2020: Seatrade Middle East Virtual (SMMEV) announced the launch of pioneering initiatives aimed at supporting and empowering the maritime sector. Through these […]
Huawei Focuses on Creating New Value Together at GITEX 2020
The synergy between connectivity, cloud, AI, computing, and industrial applications will create unprecedented opportunities for organizations across the Middle East Middle East – November 29, 2020: During this year’s GITEX Technology Week 2020, Huawei is collaborating with partners from around the world to showcase how governments and organizations in the Middle East can create new value […]
The Age of Influencer Marketing: Leading e-commerce retailers are reaching out to influencers to promote their brand message
By Mauro Romano, CEO and Co-Founder of ArabClicks Dubai, 29th November 2020: The E-commerce industry today, is heavily thriving on influencer marketing to achieve their respective brand objectives. A popular form of social media marketing; several businesses these days use the approach to promote their products and services, partnering with content creators and bloggers for better […]
2020 MENA Digital Awards Recognises Brands Delivering Impressive Results and Impact in an Extraordinary Year
A host of innovative campaigns have succeeded in driving business success and future revenues through digital technologies and media excellence Dubai, UAE – 28 November 2020: The MENA Digital Awards (MDA), the renowned bespoke awards show dedicated to promoting the region’s brightest digital innovation and media projects since in caption in 2014, has honoured this […]
Fastly Misses EPS Estimate by 300% in Q3 2020 Due to Low TikTok Traffic
Infrastructure-as-a-service (IaaS) provider Fastly posted a net loss during the third quarter of 2020. Based on its earnings report for the period, it had a non-GAAP loss of 4 cents per share. As such, it missed the Zacks Consensus Estimate by a stunning 300%. Its revenue for Q3 2020 matched the consensus estimate, reaching $70.6 […]
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White Friday and Yellow Friday guide for Saudi Arabia’s techies, from the big screen to small printers
Epson’s projectors, ink tank printers, and photo scanners make unique additions to any home RIYADH, Kingdom of Saudi Arabia – 26 November 2020 — In time of Saudi Arabia’s White Friday, Yellow Friday , digital festival and online shopping events that run through November 2020, Epson has introduced a wide range of promotions on home cinema […]
Huawei and Arthur D. Little report defines best digital policies for Middle East countries
Unveiled at ’Accelerating a Sustainable Digital Economy’ summit, the study aims to support government and regulators to maximize value from ongoing national digitization Riyadh, 26 November, 2020: Launched at the ‘Accelerating a Sustainable Digital Economy’ summit held this week by SAMENA Council, a new report from Huawei and Arthur D. Little focusses on recommended policy […]
Refinitiv Announces Winners of 2020 Lipper Fund Awards For The Saudi Arabian Fund Industry
SAUDI ARABIA – Refinitiv today announces the winners of the Lipper Fund Award Winners for the Saudi Arabia Fund Industry 2020. These highly-respected awards recognize funds and fund management firms that have excelled in providing consistently strong risk-adjusted performances relative to their industry peers – the merit of the winners is based on objective, quantitative criteria. As […]
Dubai Civil Defense partners with du to become first military entity in the UAE to be blockchain-powered and accelerate digital transformation
Dubai, UAE, 25th November, 2020: du, from Emirates Integrated Telecommunications Company (EITC), has announced a significant strategic partnership with Dubai Civil Defense to automate business processes, data exchange and full payments settlement in addition of the integration with unified business registry network for all free zones in the UAE. The collaborative partnership will see the two parties take […]
Advanced Technology Research Council Announces ‘ASPIRE’ – to Drive the Creation of Future Transformative Technologies
• ASPIRE frames problem statements with cross-sector industry stakeholders, universities and research institutes • Serves as a technology programme manager for R&D projects and designs with international competitions Abu Dhabi, United Arab Emirates-Wednesday 25 November 2020 [ AETOS Wire ] The newly established Advanced Technology Research Council (ATRC) has today announced its plans to drive the […]
HUAWEI CLOUD Injects New Motivation for Intelligent Transformation in the Middle East
HUAWEI CLOUD to invest 14.5 million USD in the next three years to cultivate more than 1,000 consulting partners and 500 technical partners. Middle East, November 25, 2020: At the HUAWEI CLOUD SUMMIT MIDDLE EAST 2020 held online today, Huawei executives shed light on the company’s CLOUD strategy, the value of data released in the digital […]
DP WORLD, UAE REGION GAINS RECOGNITION FOR ITS REMARKABLE CONTRIBUTION TO THE MARITIME INDUSTRY IN THE MIDDLE EAST
Dubai, United Arab Emirates, November 24, 2020: DP World, UAE Region, the leading enabler of smart trade bagged the Terminal Operator of the Year award at The Maritime Standard Awards 2020. Held on November 23, 2020, under the patronage of His Highness Sheikh Ahmed Bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority and Chairman and Chief Executive, Emirates […]
Cisco Research: UAE and KSA’s CIOs Identify New Strategies to Navigate Changing World
Findings Reveal Investments in Security Optimization and Cloud Management as Top Priorities, Supported by Commitment to Empower Teams and Create a More Inclusive Future KSA, Riyadh – 25 November 2020: Cisco’s inaugural CIO Perspectives survey has identified the strategic priorities for 1,300 decisionmakers globally, across markets including the United Arab Emirates and the Kingdom of Saudi […]
Global Digital Ad Spending to Jump 14% YoY and Hit $395B in 2021
Although the COVID-19 pandemic slowed the growth of digital advertising, online ads are still expected to increase their market share this year. After a sharp fall in ad spending in March, the last few months have witnessed strong growth across all regions, as millions of consumers shifted to websites and webshops from brick-and-mortar stores. According […]
Amazon.sa Launches Amazon Gift Cards in Time for White Friday Deals
Customers on Amazon.sa can now choose to use Amazon.sa Gift Cards to pay for their purchases, in addition to online payment options through credit and debit cards and cash on delivery (COD) Customers can purchase Gift Cards for up to SAR 5000 on Amazon.sa or choose any denomination between SAR 50 and SAR 500 in-store […]
Finalists announced for Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa 2020
DUBAI, UAE, 23 November 2020: Finalists of the Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa 2020 have been announced. This is the first virtual version of the largest and oldest regional event the marine industry awaits every year and comes in one of the most challenging times the global economy has ever faced. The […]
Moro Hub Launches IBM Power Systems as Cloud Service for the first time in Dubai
Customers to benefit from improved performance and high data processing through new cloud service Dubai, UAE, 23 November 2020: Moro Hub (Data Hub Integrated Solutions) a wholly-owned subsidiary of Dubai Electricity and Water Authority (DEWA), announced its collaboration with IBM to launch IBM Power Systems as a cloud service for the first time in Dubai, United […]
BIDAYATECH; MENA FIRST REWARD-BASED CROWDFUNDING PLATFORM FOCUSING ON TECH STARTUPS OFFICIALLY LAUNCHES
Bahrain First Crowdfunding Platform aims to be the go-to technology hub to support Tech Startups to bridge their funding gaps in the MENA region (November 2020) Saudi Arabia – BIDAYATECH; MENA’s first Reward-Based Crowdfunding platform launches to help Tech Startups overcome funding gap challenges in MENA. The platform with its diverse offerings will cater to all Tech Startups […]
Mastercard and Spotii partner to enable millions of consumers across GCC to ‘Buy Now Pay Later’
Spotii’s Buy Now Pay Later service enables consumers to buy from over 600 merchants across the region with installment payments at zero cost and no hidden fees Partnership will enable Spotii to expand its network to Mastercard’s extensive merchant footprint across the GCC and MENA, offering consumers an intuitive, convenient budgeting tool Dubai, United Arab […]
JAFZA-BASED COMPANIES CAN TRADE WITH CONFIDENCE LEVERAGING ETIHAD CREDIT INSURANCE SOLUTIONS
Dubai, United Arab Emirates, 22 November 2020: Jebel Ali Free Zone (Jafza), DP World, UAE Region’s premier business and logistics hub showcased to its customers the trade payments protection solutions it has rolled out in partnership with Etihad Credit Insurance (ECI), the UAE Federal export credit company on 19th of November 2020. During a well-attended webinar titled, […]
Tamimi Markets Appoints Cisco to Accelerate Digitization Agenda and Aid Ambitious Growth Strategy
Riyadh, Kingdom of Saudi Arabia, 22 November 2020 — Tamimi Markets, Saudi Arabia’s fast-growing supermarket chain has selected Cisco to transform its IT infrastructure, in order to meet changing business needs in the age of digitization and satisfy new customer requirements. The project involves a full technology refresh and a move to a new level […]