Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
The Pandemic Drives New Era of Tech Collaboration
By Rick Echevarria One hundred days ago, our CEO, Bob Swan, announced the Intel Pandemic Response Technology Initiative. Intel would invest $50 million to combat COVID-19 in ways we knew best: using technology to study and help with the diagnosis of the coronavirus, helping disrupted educators and students, and supporting innovative new ideas and projects. […]
Enjoy the First Ever Huawei’s Mega Discounts up-to 80% during “HUAWEI_Summer_Carnival” Starting this coming Sunday July 19
Huawei Tech Investment Saudi Arabia Company is showing support to consumers in Saudi Arabia with the “HUAWEI_Summer_Carnival” with huge discounts of up-to 80% on a wide range of products on the 19th of July starting at 9 PM till midnight of 20th of July As blessed Eid al-Adha fast approaches, Huawei Tech Investment Saudi […]
mada Pay App makes debut on HUAWEI AppGallery to bring flexibility of contactless payments
Today, Huawei Tech Investment Saudi Arabia Company, and in cooperation with Saudi Payments, launched the “mada Pay” application for the first time through the HUAWEI AppGallery application platform. This step will give the HUAWEI AppGallery users in the Kingdom the flexibility in using mada Pay, which has superior performance and security of Huawei smart devices. […]
Contactless Payments Made Easy with Newly Launched HONOR 9A
The ability to transfer funds using contactless payments has become increasingly important for smartphone users. As cashless economies are prioritized, mobile payments are becoming an expected part of everyday consumer transactions. The newly launched HONOR 9A has built in NFC technology, the first smartphone in its price point with this support enabled for seamless payments […]
DUBAI TRADE REINFORCES DIGITALISATION WITH UAE’S FIRST “E-DELIVERY ORDER”
Dubai Trade, DP World’s single window platform for cross border trade, has introduced the “Electronic Delivery Order”, a sophisticated new technological tool that will allow supply chain stakeholders to handle their complex import processes with just the click of a computer mouse. The E-Delivery Order is tailored to support trade, logistics and supply chain […]
TAWAL Achieves ISO Certification For its Outstanding International Safety Standards
The leading integrated ICT Infrastructure service provider in the Kingdom, TAWAL, receives ISO 45001 Occupational Health and Safety Management system, following the company’s meticulous compliance to the highest safety standards in the business. The ISO certification is a significant milestone and a unique steppingstone for TAWAL. It showcases the ICT giant’s swift ability and readiness […]
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TPAY MOBILE Acquires Payguru, the Leading Payment Platform in the Middle East
TPAY MOBILE (www.tpaymobile.com), the leading digital merchant acquirer and mobile payment enabler in the Middle East and Africa (MEA), has today announced the acquisition of 100% of the shares of Payguru, one of the Middle East’s leading payment service providers. The transaction remains subject to regulatory approvals. Payguru offers mobile payments, ATM cash payments, and […]
How to Make Profitable Trades During the Pandemic
Despite the global situation, the markets are still providing significant opportunities for investors to trade profitably. Here are 3 assets that traders can utilize to take advantage of current market conditions. The global economic situation that has evolved in 2020 has created a major disruption in the general lives of people in most countries. […]
GfK Covid-19 Consumer Pulse report reveals new buying patterns
The COVID-19 crisis escalated across KSA in March starting with the first diagnosis on the 3rd leading to closure of malls, restaurants, and prayer at mosques on the 15th and declaration of a curfew on the 23rd. GfK conducted the Consumer Pulse study for a deeper understanding of current and future consumer behaviours, lifestyles, and […]
May 30, 2020 ViaBTC Group Announces Strategic Upgrade to Advance Innovation and Improve Customer Experience
ViaBTC Group, an innovative technology company specialized in blockchain and dedicated to providing users with comprehensive digital asset management services, today announced a strategic upgrade, which included a new organizational structure, product innovations and service improvements. As part of the change, the Group has established three dedicated business units (BU): the financial services BU, consisting […]
Lenovo Delivers Robust Revenue and All-Time Record Pre-tax Income for FY19/20, Weathering Global Economic Challenges to Emerge in Position of Strength
(HKSE: 992) (ADR: LNVGY) announced robust results for its full fiscal year and Q4, demonstrating the company’s position of strength amid unprecedented global transformation. Despite a fiscal year full of macro-economic and industry challenges, the company delivered full-year revenue exceeding US$50 billion (US$50.7 billion) for the second consecutive year. Profitability remained a strength, with historical […]
– In cooperation between Princess Nourah Bint Abdul Rahman University and Microsoft Arabia, in a lecture to empower Saudi women to the labour-market within the Women Leaders 2030 initiative.
Microsoft Arabia, in cooperation with Princess Nourah Bint Abdul Rahman University, organized a virtual session entitled “The importance of self-evaluation in terms of strengths, weaknesses and available opportunities”, within the initiative of the “Ministry of Human Resources and Social Development – Women Leaders 2030”, where more than 300 candidates from the initiative were invited representing […]
KIKLABB Tailors Trade Licensing Packages to Entrepreneurial Needs during Pandemic
KIKLABB Licensing and Workspaces, a licensing business owned by a government entity, has been creating solutions for new startup and entrepreneurs for their trade licensing services. They have seen a steep increase in the number of licenses issued, since the recent launch of their virtual solutions. Although the COVID-19 pandemic has without a doubt had […]
TPAY Mobile and Vodafone Egypt launch Digital Payment on Google Play
Vodafone Egypt, the largest mobile network operator in Egypt in terms of active subscribers and TPAY MOBILE, the leading digital payment enabler in the Middle East and Africa, announced today the launch of Direct Carrier Billing (DCB) on the Google Play store. Through this partnership TPAY MOBILE, which operates in the UAE, Egypt, Saudi Arabia, […]
Cisco Continues Commitment to Customers and Partners with $2.5B in Financing to Support Business Resiliency
30 April 2020: As part of Cisco’s commitment to help customers and partners globally navigate an evolving landscape, the company has introduced a new Business Resiliency Program in the Kingdom. Offered through Cisco Capital, the vendor financing business within Cisco, and designed to help mitigate financial challenges resulting from the Covid-19 pandemic, this program […]
HONOR Launches ‘HONOR Cares’ Service to Deliver the In-Shop Experience for KSA Customers at Home
HONOR, a global technology brand, reveals its ‘HONOR Cares’ service for customers in the Kingdom of Saudi Arabia, introduced to prioritize customer safety and convenience throughout the purchase experience. The HONOR official online store has ramped up its operations to adapt to the norms of social distancing to provide personalized services to customers, assist online […]
Saudi “Bold Communication Agency” Ranks 22nd Among the World’s Most Successful Agencies
The Good Report 2019 by ACT Responsible awards Bold Communication Agency, a Saudi success story, the 22nd most successful agency worldwide out of 673 agencies evaluated from 76 markets producing 1108 campaigns for 882 brands (321 commercial brands, 444 not-for-profit, 117 governmental bodies). This yearly report is a unique ranking of the world’s best […]
Cisco Recognized as one of the Kingdom’s Best Workplaces
Cisco has been identified as one of the ‘Best Workplaces in Saudi Arabia’, by Great Place to Work (GPTW) Middle East, achieving second position in this year’s list. Great Place to Work recognized 25 private and 9 public and non-profit entities in the Kingdom of Saudi Arabia, evaluating their success based on a comprehensive […]
DMS launches its “Lead Collection Solution”
At a time when regional businesses are increasing their focus on both digital media and performance campaigns, Digital Media Services (DMS), the digital arm of Choueiri Group has launched its all-new “Lead Collection Solution”. Elaborating on the Solution’s uniqueness, DMS’ Chief Operating Officer Michel Malkoun stated that “With marketing dollars shifting towards lower funnel approaches […]
Cisco commits $225 million to global COVID-19 response
Chuck Robbins has announced the company’s efforts to combat the impact of COVID-19, by supporting a range of global and local initiatives. Cisco is committing $225 million in cash, in-kind, and planned-giving to support causes and is also rallying its 77,000-strong employee network to work alongside community partners on the frontlines during the time […]
Wipro Launches Microsoft Business Unit for Digital Transformation Solutions
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the launch of its Microsoft Business Unit. The unit will focus on the development and evangelization of solutions leveraging Microsoft’s enterprise cloud services. This initiative is an outcome of Wipro’s expanded global alliance with […]
Cisco announces multi-million-dollar agreement with Saudi’s TRSDC to design Red Sea Project’s Smart Destination
: Cisco and The Red Sea Development Company (TRSDC) have announced a multi-million-dollar advisory agreement to design a Smart Destination services, platform and ICT master plan for The Red Sea Project, the world’s most ambitious tourism and hospitality project. The announcement was made following the Cisco Connect event in Riyadh. The Red Sea Project is […]