Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Saudi Fund for Development Inaugurates Major Infrastructure Project in Jordan
The three-level road improvement project was inaugurated under the patronage of the Jordanian Prime Minister Dr. Bishr Al-Khasawneh The project was funded with a US$19 million grant provided by the Kingdom of Saudi Arabia through the Saudi Fund for Development AMMAN, JORDAN – September 6, 2021…The Saudi Fund for Development (SFD) has inaugurated a major three-level highway […]
Dubai World Trade Centre commences exciting Exhibition and Conferences season to boost Dubai’s post-pandemic economic recovery
Over 40 business events lined up from September to December – a 40% increase on 2020 Events in diverse sectors including Construction, Energy, Technology, Beauty, Food, Healthcare, Environment and Automotive GITEX Technology Week and GITEX Future Stars return with the best in Tech Big Five, Beautyworld Middle East, ArabLab and Automechanika make a comeback after […]
LG ANNOUNCES GLOBAL STARTUP COMPETITION TO RECRUIT NEW BUSINESSES FOR INNOVATION CENTER
‘Mission for the Future’ Challenge Seeks Innovations that Improve Quality of Life Jeddah, Saudi Arabia Sept. 5, 2021 — LG Electronics (LG) announces the launch of Mission for the Future, a global challenge competition for startups to identify innovative technologies and business ideas that pave the way to the future. This inaugural competition is hosted by the company’s new Silicon […]
Almarai signs a cooperation agreement with Al-Jouf Province to support families in need
Almarai Company has signed a cooperation agreement with Al-Jouf Province represented by the Non-Profit Sector Empowerment Center, whereby Almarai provides various food products to families benefiting from the center. The memorandum was signed by Fahad Al-Shammari, Senior Public Relations Supervisor in Almarai, on behalf of the Company, and Saadoun Ahmed Al-Washih, director of the Center for […]
Top industry leaders come together to support launch of Netix Global’s Novus Partner Program, which brings ‘Android Building’ approach to Middle East real estate
Industry stalwarts have welcomed Netix Global BV’s decision to launch its Netix Novus Partner Program, on September 1st, 2021; lauding the region’s leading smart building solutions provider for the initiative. The launch will be held at the Burj Khalifa, and will feature select industry thought-leaders, with online attendees from more than 20 countries joining the […]
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New Study: Companies Need Unified CRM to Improve Business Resiliency
DUBAI, United Arab Emirates — 1 September 2021 — New research released today by Forrester Consulting, and commissioned by Salesforce, surveyed nearly 800 executives and nearly 1,500 CRM users across 15 countries to understand the trends driving CRM technology success and innovation. Driving the news: The research shows that, to meet ever-evolving customer expectations and more flexible workplace […]
Simplicity: The Key to Success in Turbulent Times
By: Mohammad Abulhouf, Senior Sales Director KSA, Bahrain & Qatar at Nutanix The COVID-19 pandemic has significantly impacted the way we work. Through government restrictions, health measures and social distancing, our world has changed overnight. The more complicated our daily lives become, the more simplicity is needed to help companies make the right decisions and maintain […]
New Whys partners with Mowgli Mentoring to Implement and Strengthen Mentoring in Saudi Arabia
New Whys, a Saudi consultancy firm focused on innovation and entrepreneurship, has signed a partnership agreement with the internationally renowned Mowgli Mentoring organization to design, deliver and evaluate effective mentoring programs in the Saudi Market. The primary objective of this partnership is to meet the increasing need for quality mentoring to better support entrepreneurs and leaders (including […]
Serco Middle East Awarded Asset Management Contract by Royal Commission for Jubail and Yanbu
Saudi Arabia, 29th August 2021: Serco Middle East has announced the award of a prestigious new contract to provide asset management and operational transformation services to the entire City of Jubail in Saudi Arabia and acquire compliance/accreditation with Mashroat. The new agreement between Royal Commission for Jubail and Yanbu and Serco Middle East will see Serco deliver consultancy work for these new […]
JAGGAER whitepaper supports Middle East start-up ecosystem with advice on digital procurement
Research underscores the importance of digitalisation for SMEs to ensure operational and business continuity, particularly during and after the pandemic The whitepaper highlights the business benefits of technologically advanced procurement platforms Dubai, United Arab Emirates, 24 August 2021: JAGGAER has released its latest whitepaper, which provides a roadmap to recovery for SMEs in the region through the […]
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Four Essential Components of Digital Transformation
By James Anderson, Partner, Bain & Company, London and Tom De Waele, Managing Partner, Bain & Company Middle East Companies responding to digital disruption inevitably focus on speed first. They make changes quickly where it matters most—launching apps, forming agile squads, deploying new analytics, and testing innovative digital business models. The primary objective is to stay […]
Finastra and Salt Edge collaborate to provide a more personalized banking experience
Combined offering provides instant PSD2 and global Open Banking compliance for an open, secure and personalized banking experience Dubai, UAE – August 23, 2021 – Finastra today announced its collaboration with Salt Edge to improve the speed of compliance with the Payments Service Directive 2 (PSD2) and other global Open Banking standards, for banks and Electronic Money Institutions (EMIs) […]
95% of Saudi Arabia Customers Are Digital Converts to E-Commerce
90% of Saudi Arabia Customers Will Choose an Alternative Site Due to Poor Online Experiences 89% of Saudi Arabia Customers Have Less Patience with Slow or Poorly Functioning Websites 55% of Saudi Brands Rank Mobile Apps or Websites as Priorities for Improving Experiences RIYADH, Kingdom of Saudi Arabia, 23 August 2021 – Sitecore® the global leader […]
Key conditions to support creation of $700 billion H2 economy, according to Arthur D. Little
The Middle East is witnessing green hydrogen projects being pursued in an industry projected to reach USD 700 billion by 2050 Arthur D. Little has found several areas requiring attention as countries and concerned parties drive their respective sustainability agendas Dubai, UAE – 23 August 2021: Green hydrogen (H2) has become a key agenda topic for […]
Saudi Arabia is becoming a gold mine for retailers
In 2017, the Kingdom of Saudi Arabia approved 100% ownership of retail and wholesale ventures by foreigners. The regional retail industry has since witnessed steady year-over-year growth across multiple metrics – barring the short-lived disruption due to the pandemic. Today, with accelerated post-pandemic reopening and upbeat sentiment among shoppers; retailers in the Kingdom are gearing […]
Maximize Your Restaurant’s Ordering Revenue Through AI-Driven Insight with FineDine
FineDine offers AI-driven dine-in, pickup, delivery and kiosk solutions designed to empower you to maximize your restaurant’s ordering revenue. Trusted by top brands regionally and globally, FineDine partners with Nusr-Et, Marriott Group, Armani Hotels, Godiva, Clap DIFC, Brunch & Cake, White (Addmind Hospitality Group), Sheraton, Sofitel and Yamanote Atelier in the UAE. Dubai, UAE (18 […]
Pandemic spurs banks’ AI adoption for AML, SAS study shows
Amid a COVID-driven surge in fraud and financial crime, more than half of financial institutions have either already deployed AI in their anti-money laundering compliance processes or plan to imminently Dubai, United Arab Emirates (August 18, 2021) – A third of financial institutions are accelerating their AI and machine learning (ML) adoption for anti-money laundering (AML) […]
TPAY MOBILE Partners with Huawei to Unlock In-App Purchases for Over 60 Million Subscribers
TPAY MOBILE platform allows developers to monetize their apps on Huawei devices across twelve operators in seven countries Dubai, United Arab Emirates, 18 August 2021 – TPAY MOBILE FZ-LLC (TPAY MOBILE), a full-service digital payments platform, today announces the first phase of its strategic app monetization partnership with Huawei. The partnership is live across twelve mobile operators in seven […]
Lenovo delivers record first quarter, doubling net income as strategy continues to drive sustainable profitability increases and long-term growth
Kingdom of Saudi Arabia, August 17 – Lenovo Group (HKSE: 992) (ADR: LNVGY) announced record fiscal first-quarter results for the Group. Opportunities created by accelerated digitalization, intelligent transformation, and IT upgrades in devices, infrastructure, and applications around the world continue to fuel the Group’s long-term and sustainable profitability increases. Seizing these opportunities, Lenovo’s performance delivered significant year-on-year profitability improvements, with […]
Finastra secures SWIFT Compatible Application label for Trade Finance
Fusion Trade Innovation is recognized for supporting SWIFT SR2021 standards release ahead of changes to Category 7 type messages in November 2021 Dubai, UAE – August 17, 2021 – Finastra today announced that it is the first technology provider to secure the SWIFT Compatible Application label 2021 for Trade Finance. The achievement proves that Fusion Trade Innovation, Finastra’s […]
Mega back to school deals on noon plus value bundles from 77 SAR
Save money and time with incredible offers on top brands like Apple, HP, Adidas, and Nike, with fast delivery and easy returns Riyadh, KSA. 17th Aug 2021: noon.com, the Middle East’s leading digital marketplace and Saudi e-tailer, announces 5 to 80 percent off back-to-school buys plus value bundles from just 77 SAR, and incredible bank offers. Stocking […]
W7Worldwide Releases 7-Step Communications Guide to Transform the Oil & Gas Sector Post COVID-19
The collapse in demand due to Covid-19 restrictions on travel and the global decline in economic activity had a significant impact on the oil and gas industry. However, according to the Oil and Gas Global Market Report 2021: COVID 19 Impact and Recovery to 2030, the global oil and gas market is expected to grow from $4677.45 […]