Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
UAE Gains AED 20 Billion in Cloud Business Revenue by 2022
UAE organizations rapidly investing in hybrid cloud environments will drive the country’s cloud business revenue to increase by AED 20 billion to 2022, industry experts announced today. Showing the strong cloud opportunity, the UAE’s public cloud spend set to quadruple to AED 1.5 billion by 2022, generating AED 20 billion in net new revenues and […]
Gartner Reveals 75% of Organizations Surveyed Increased Customer Experience Technology Investments in 2018
Three-quarters of organizations surveyed by Gartner, Inc. increased customer experience (CX) technology investments in 2018. Customer analytics continues to be one of the biggest investments, with 52% intending to increase funding in 2019, focusing on customer journey analysis, customer needs analysis, voice of the customer (VoC) and digital marketing. Gartner’s 2019 Customer Experience Innovation survey […]
Huawei founder: The world relies on open collaboration for shared success
“All of the US companies that we work with are great companies that hold themselves to high standards in terms of business integrity and ethics.” – Ren Zhengfei, founder and CEO of Huawei “Our President has already said publicly that he would reconsider Huawei if we can make a trade deal. So, clearly, it’s not […]
SWIFT publishes paper on the future of payments
SWIFT has today released a landmark paper, “Payments: looking to the future”, in which the global co-operative articulates the future of cross-border payments. With the increase in cross-border flows, new technology enabling dramatic improvements and end-customers demanding a better customer experience, SWIFT is setting out its views on the future of cross-border payments in order […]
Global First-of-its-kind Russian Centre for Digital Innovations and ICT Launched in Dubai Internet City
Dubai Internet City (DIC), the Middle East’s leading technology business community, today witnessed the launch of the first Russian Centre for Digital Innovations and Information and Communication Technologies. The center, facilitated by the Russian Export Centre (REC), is one of the largest and only business support platforms for Russian tech firms outside Russia and follows […]
PepsiCo boosts women empowerment in Saudi Arabia with the launch of Tamakani
PepsiCo, the global food and beverage company, launched Tamakani, a dedicated platform that aims to support and inspire generations of women in the Kingdom of Saudi Arabia. The platform will help create opportunities and guidance for women with promising capabilities, provide support to realize aspirations, scale up innovative initiatives, and mentor Saudi women to realize […]
Ad
Ajman Bank Wins ‘Most Improved Alternative Channels’ Award by ETHOS
Ajman Bank has been conferred with the ‘Most Improved Alternative Channels’ award by ETHOS Consultancy for demonstrating outstanding performance in electronic banking and payment solutions. The coveted award was presented to Ajman Bank in recognition of the expansion of its channels in consumer banking through Samsung Pay, CRM, Contactless Card and Mobile Banking Up-grade to […]
Pantheon Development wins ‘Best Affordable Luxury Property” award by Arabian Business
Pantheon Development was honoured as the “Best Affordable Luxury Property” during the prestigious Arabian Business Real Estate Awards 2019 at Le Royal Meridien Beach Resort & Spa on Sunday evening. Pantheon Development, a subsidiary of Pantheon Group, is an emerging brand in the affordable luxury segment within Dubai’s real estate market. The developer has completed […]
Aimed at launching wide prospects for collaboration between influencers, Arab publishers & regional and international e-commerce platforms
ArabClicks, Basma Media sign collaboration accord to establish largest Arab digital marketing networkArabClicks, the performance-based e-marketing platform, has signed a joint strategic cooperation agreement with Basma Media, the developer of OMNESMEDIA.com, to build effective relationships and foster business connections between publishers and social media influencers on the one hand, and various e-commerce platforms operating in […]
UAE pharma market to top US$4.5 billion by 2021 says CPhI MEA
The importance of the regional pharmaceutical market will be discussed at the forthcoming global pharmaceutical event CPhI Middle East and Africa, when it returns to the Abu Dhabi National Exhibition Centre (ADNEC) from 16-18 September 2019, as the UAE’s pharmaceutical market is expected to increase in value to US$4.5 billion by 2021. The event, which […]
Eksab Raises Seed Investment From 500 Startups and Is Poised To Become The Leading Daily Fantasy Sports Platform In The MENA Region
Eksab, the leading Daily Fantasy Sports (DFS) platform in MENA and the GCC, announced a six-figure seed investment from 500 Startups as it looks to capitalize on the prestigious African Cup of Nations being hosted in Egypt for the first time in more than a decade. With the rise of regional footballers to the world […]
7 Characteristics of SMBs
Jonathan Wood, General Manager, Middle East and Africa at Infor, discusses the key characteristics of SMBs, and offers advice on how they can reach the next level. SMBs are defined by their number of employees and annual revenue. SMBs aren’t always the ten-person mom-and-pop shop on the corner. Common definitions classify companies with up to […]
New Salesforce Research Reveals Middle East Customers Want Connected, Multi-Channel Engagement with Companies; Corporate Values Sway Their Buying Decisions
Salesforce, the global leader in CRM, today released the third edition of its State of the Connected Customer report which reveals that Middle East companies are being challenged to rethink not just the individual experiences they provide customers, but their entire approach to customer engagement. At the same time, the research shows that corporate values […]
Intertek awards Almarai ISO 9001:2015 certification across Saudi Arabia
Intertek, a leading Total Quality Assurance provider to industries worldwide, has awarded Almarai Company, Middle East’s leading food and beverage manufacturer and distributor, the ISO 9001:2015 certification for Quality Management Systems. The certification has been obtained for all Almarai’s operations in Saudi Arabia through a series of multi-site certification audits across its various subsidiaries and […]
ALMALL, the new fastest growing E-commerce in Saudi Arabia
ALMALL, the only pure playing E-commerce in the Middle East, was launched in October 2018 by Mohammed Fahad Alharthi, within the Media Group Saudi Research and Marketing Group. Since its launch, ALMALL has had 30% monthly growth and is now one of the main players in the Saudi market. For Saudi Research & Publishing Company […]
DUBAI POISED TO REDEFINE MODERN WATERFRONT LIVING WITH PLANNED INTEGRATION OF DEVELOPMENTS AT DUBAI MARITIME CITY AND MINA RASHID
As luxury urban waterfront communities are steadily growing in numbers. It is proposed to take modern coastal living to the next level with plans to integrate the ongoing developments at Dubai Maritime City (DMC) and Mina Rashid. Both DMC and Mina Rashid have made waves as two iconic projects that are going to raise the […]
EQUITATIVA ANNOUNCES STEADY FIRST QUARTER RESULTS FOR EMIRATES REIT
Equitativa (Dubai) Limited (“Equitativa”), the largest REIT manager in the GCC and manager of Emirates REIT (CEIC) Limited (“Emirates REIT” or the “REIT”), the world’s largest Shari’a compliant Real Estate Investment Trust, today reported Emirates REIT unaudited financial results for the period ending 31 March 2019. KEY HIGHLIGHTS Portfolio value increased to USD 941 million […]
Gartner Predicts 75% of Large Organizations Will Hire AI Behavior Forensic Experts to Reduce Brand and Reputation Risk by 2023
Users’ trust in artificial intelligence (AI) and machine learning (ML) solutions is plummeting as incidents of irresponsible privacy breaches and data misuse keeps occurring. Despite rising regulatory scrutiny to combat these breaches, Gartner Inc. predicts that, by 2023, 75% of large organizations will hire AI behavior forensic, privacy, and customer trust specialists to reduce brand […]
Citigroup Saudi Arabia holds its board meeting as it marks its one-year anniversary in the Kingdom
Citigroup Saudi Arabia recently held its first board meeting of the year, marking its one-year anniversary in the Kingdom. The board is comprised of Citi senior executives and independent directors including Alberto J. Verme, Chairman-Citi Institutional Clients Group, also Chairman-Citigroup Saudi Arabia; Atiq Rehman, CEO-Middle East and Africa; Carmen Haddad-Citi Country Officer, Saudi Arabia and […]
GetSwift Appoints Stan Pierre-Louis to Board of Directors as Non-Executive, Independent Chair
GetSwift Limited (ASX: GSW) (‘GetSwift’ or the ‘Company’), a leading provider of SaaS logistics technology, today announced the appointment of Stanley Pierre-Louis to the GetSwift Board of Directors as Non-Executive, Independent Chair. Mr. Pierre-Louis brings over 23 years of experience leading, advising and governing private and public companies with a particular focus on technology and […]
2019 China Yiwu Imported Commodities Fair Concludes, with Number of Professional Buyers up 48.41% Year-on-Year
China Yiwu Imported Commodities Fair, a key platform to accelerate Yiwu’s opening up to the world, closed on May 26, 2019 in Yiwu City of China. With an exhibition area of 50,000m2, the Fair of this year gathered exhibitors from 85 countries and regions, including Spain, Italy, Germany, Russia, South Korea, Japan, Malaysia, India, Pakistan, […]
MetLife Boosts Employee Benefits Leadership Team
MetLife has appointed two seasoned international leaders to its Employee Benefits business to further enhance its offering to intermediary partners and focused customer segments in the Gulf. Lilia Mokhtari will join MetLife in the Gulf as Head of Multinational and Key Accounts, while Matthew Le Belenger has been appointed as Head of Sales for the […]