Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Excellently designed Brand Communication: GROHE wins the distinction of “Red Dot: Brand of the Year”
The jury for the Red Dot Award: Brands & Communication Design 2019 is full of enthusiasm. The international experts have bestowed the distinction “Red Dot: Brand of the Year” on the global sanitary brand GROHE. It is awarded to the best brand in an industry. Over several days, the experts scrutinised, discussed and assessed a […]
Dubai Financial Market Instils Good Corporate Governance Through Partnership With Hawkamah
In line with its focus on enhancing sustainability and promoting Environmental, Social and Governance best practices among listed companies and other stakeholders, Dubai Financial Market (DFM) has successfully contributed to the improvement of corporate governance practices in the United Arab Emirates through its partnership with the Hawkamah Institute for Corporate Governance. In 2017, DFM and […]
Tally Solutions hosts ‘Bahrain VAT Summit’ to discuss VAT implementation and compliance in the next half year of 2019
Tally Solutions, a leading international accounting and compliance software provider, recently hosted a summit on value-added tax (VAT) in Bahrain as part of its ongoing efforts to raise awareness of businesses on the country’s new taxation system. The recently concluded ‘Bahrain VAT Summit’ at the Sheraton Bahrain Hotel featured renowned VAT and technology experts, who […]
Tally Solutions hosts first SMB Pulse in Sharjah- Home to over 45,000 SMEs
Tally Solutions, a leading international accounting and compliance software provider, brings its successful business focussed event series SMB Pulse to Sharjah. The event focussing on effective measures to increase work efficiency, amidst evolving business landscape in the region was attended by many small and medium businesses. The session primarily helped in understanding the new ways […]
Tally Solutions hosts first SMB Pulse in Sharjah- Home to over 45,000 SMEs
Tally Solutions, a leading international accounting and compliance software provider, brings its successful business focussed event series SMB Pulse to Sharjah. The event focussing on effective measures to increase work efficiency, amidst evolving business landscape in the region was attended by many small and medium businesses. The session primarily helped in understanding the new ways […]
Saudi Engineers Contribute to Presentation of Revived Souk Okaz
Souk Okaz was featured in Taif Season in a new format, including the introduction of the Arab Neighborhood, which featured pavilions showcasing 11 Arab countries, and a number of historically-themed areas, such as markets, Okaz knights and a language and culture square. Visitors have been impressed by the facilities available, including the restaurants and cafes, […]
Ad
Saudi Arabia Logistics and Warehousing Market is Expected to reach over USD 17.5 Billion in Revenue by the year 2023: Ken Research
Analysts at Ken Research in their latest publication “Saudi Arabia Logistics and Warehousing Market Outlook to 2023 (Second Edition) – Expected Recovery in Demand Growth with Rising Infrastructure Spending, Government Reforms and Surge in Trade”believe that the logistics industry is in its growth stage and is projected to expand in future through increasing government investment […]
Two Transmedia Initiatives Aimed at Encouraging Emirati and Arab youth launched by Jawaher Khalifa Al Khalifa Foundation for Youth Empowerment and Art Format Lab
Aimed at supporting talented Arab and Emirati youth in the region whilst also honing their scientific and cultural abilities, Sheikha Jawaher bint Khalifa Al Khalifa and Khulud Abu Homos, on Behalf of Jawaher Khalifa Al Khalifa Foundation for Youth Empowerment and Art Format Lab Production, recently signed a strategic partnership agreement, to jointly launch a […]
Saudi Emerging Technologies Forum Gains Communications & IT Ministry’s Support
The Ministry of Communications & IT, the main driver behind the Kingdom-wide digital transformation overhaul of Saudi Arabia, has officially joined the Saudi Emerging Technologies Forum (11-13 November 2019, Burj Rafal Hotel – Riyadh, KSA) as Main Sponsor of the event. Organized by Eyes of Cities in collaboration with The Great Minds Group, the conference is supported by leading entities […]
Middle East Boosts Workforce Transformation Market to USD 24 Billion by 2023
The Middle East is boosting the global workforce transformation market, growing to USD 24 billion by 2023, and enabling employees to optimize their productivity by working on the go, industry experts announced today. As more UAE organizations need to support staff working from multiple sites – such as headquarters, home, and on-the-go — digital […]
Ministry of Communications and Huawei announce winners of first Digital Transformation Innovation Contest
The Ministry of Communications and Information Technology together with Huawei, a leading global provider of information and communications technology (ICT), have announced the winners of the first open-development digital transformation competition in Saudi Arabia, inspired in support of the ambitions of Saudi Vision 2030. The Digital Transformation Innovation Contest saw upwards of 80 entries […]
Bahrain’s Al Jazira Boosts Operational Efficiency with Infor CloudSuite WMS
Infor, a global leader in business cloud software specialized by industry, today announced that Al Jazira, a Bahraini retailer and fast-moving consumer goods (FMCG) distributor, is automating its warehouse with Infor CloudSuite WMS (Warehouse Management System ) to help boost operational efficiency and gain visibility of its inventory. Al Jazira is expanding rapidly. It […]
Dell Technologies adds Russia to its Digitally Advanced Markets in Middle East, Turkey and Africa region
News Summary: Digital transformation continues to play a fundamental role in shaping the future of digital economies across key markets in the Middle East, Russia, Africa and Turkey (MERAT) region Mohammed Amin, Sr. Vice-President, META will oversee Russia with the aim of helping customers harness advanced technologies to be at the forefront of the digital […]
Image PwC’s GCC Capital Markets Watch – Q2 2019
A slight increase in IPO activity marked the second quarter of this year, with two companies listing on Saudi Arabia’s Tadawul. Both the UAE’s promising pipeline and Tadawul stock exchange’s development offer some optimism for the GCC market. Despite this, GCC market activity continues to be slow with only two IPOs on Tadawul in Q2 […]
Huawei Announces H1 2019 Revenue: 23.2% YoY Growth
Huawei announced its business results for the first half of 2019: USD $58.34 billion in revenue, a 23.2% increase over the same period last year. The company’s net profit margin for H1 2019 was 8.7%.[1] According to Huawei’s Chairman, Liang Hua, operations are smooth and the organization is as sound as ever. With effective […]
Northern Trust Appointed by Introspect Capital to Provide Global Custody and Brokerage Solutions
(BUSINESS WIRE/AETOSWire)– Dubai-based asset manager Introspect Capital has appointed Northern Trust (Nasdaq: NTRS) to provide global custody and brokerage services. Through its asset servicing and global capital markets capabilities, Northern Trust is helping drive efficiencies for Introspect Capital across its fund operations – supporting its business strategy by enabling the investment team to focus directly on portfolio […]
Saudi Ports Authority in new international shipping deal
This new Maersk shipping license is the fourth of its kind to be issued to foreign investors in the Kingdom. Maersk joins other major lines of Barwil, Hapag-Lloyd and the Mediterranean Shipping Company, already operating. Saad Abdul Aziz Al-Khalb, President of the Saudi Ports Authority, (Mawani) commented that “We have issued a license to Maersk […]
HP Commits to Everything-as-a-Service, Growing Contractual Channels
HP Inc. (NYSE: HPQ), the global leader in printing, today unveiled its next wave of Office Printing innovations empowering partners with seamless integration into the modern workplace. “We continue to lead and innovate around products and solutions for our partners – no matter where they are in their journey with HP,” said Narayanan Venkataraman, Managing […]
HUAWEI LEAPS 11 SPOTS ON 2019 FORTUNE 500 LIST
Continuing a multi-year track record of acceleration, Huawei has ranked 61st on the Fortune 500 list. This year’s ranking represents an 11 point jump from last year and an impressive 68 point leap from 2017. The Fortune 500 list ranks companies according to their revenue and profit, focusing on the size of the companies […]
Middle East economic confidence index dips in Q2 2019 finds latest economic research from ACCA and IMA
Volatile oil prices have dented economic confidence in the Middle East, according to the Q2 analysis from the latest Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants). The global poll of 1162 accountants shows that confidence remains above the record low reached at […]
Sharjah Finance Department strengths ties with Japan finance industry
A delegation from Sharjah Finance Department (SFD) visited Tokyo, Japan and met with key Japanese finance officials to discuss various possibilities that can help bolster relationships between the two sides. The meetings were held at the Japan Bank for International Cooperation (JBIC) and was attended by Sharjah’s delegation headed by HE Waleed Al Sayegh, […]
Pakistan’s MCR Selects GetSwift for Last-Mile Delivery Technology at Pizza Hut
MCR Pvt. Ltd., operator of Pizza Hut franchises across Pakistan, is pleased to announce it has selected software-as-a-service (SAAS) provider GetSwift Limited (ASX: GSW) for its last-mile delivery solutions. “Based on the success of GetSwift in other Yum Brands/Pizza Hut markets, GetSwift was a natural choice for us in Pakistan,” said Danyal Rashid, Executive Director […]