Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
SWIFT extends integrated payments toolkit
SWIFT announces the launch of an ‘in-flight’ payment investigation and resolution service, available in the cloud, in a significant expansion of its network-wide payments validation toolkit. The new capability allows for dynamic query handling between banks on the SWIFT network, enabling them to quickly resolve instances in which required operational, regulatory or compliance information is […]
Dell Technologies Cloud Accelerates Customers’ Multi-Cloud Journey
Dell Technologies (NYSE:DELL) today is unveiling Dell Technologies Cloud, a new set of cloud infrastructure solutions to make hybrid cloud environments simpler to deploy and manage. Combining the power of VMware and Dell EMC infrastructure, Dell Technologies Cloud removes cloud complexity by offering consistent infrastructure and operations for IT resources, across public and private clouds […]
Western Union Digital Expands Across Middle East: Seven Countries Now Live Including Enhanced Services in UAE
(BUSINESS WIRE/AETOSWire)– The Western Union Company’s global digital money-moving capabilities are making significant headway across the Middle East, with seven countries now offering online services, connecting customers to their families and loved ones around the world digitally with the choice to pay for transactions online or in person. The United Arab Emirates was enhanced with the latest generation of […]
Forbes Recognizes Gulf Medical University as ‘Best Medical University in the Region’ At Higher Education Awards 2019
(AETOSWire): Gulf Medical University (GMU), Ajman, the leading medical university in the Middle East region has been recognized as the ‘Best Medical Education University’ at the prestigious Forbes Middle East Higher Education Awards 2019 held to honor the region’s best universities at the Taj Dubai on 24th April 2019. The award was received by Prof. […]
MHPS announces National Program for Saudi Arabia with a new manufacturing facility at its core
MHPS Saudi Arabia, Co., a subsidiary of Mitsubishi Hitachi Power Systems, Ltd. (MHPS), today announced the launch of the MHPS National Program for Saudi Arabia, heralding a pivotal moment for both the energy and manufacturing sectors in Saudi Arabia. While MHPS has been a long-term partner in the energy sector in KSA, the National Program, […]
Capillary Technologies Achieves AWS Digital Customer Experience Competency Status
Capillary Technologies, announced today that it has achieved Amazon Web Services (AWS) Digital Customer Experience Competency status. This designation recognizes that Capillary provides proven technology and deep expertise to help its ‘Digital Customer Experience’ customers by providing end-to-end solutions for all phases of the digital customer acquisition and retention life cycle. The lifecycle includes marketing […]
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Digital Transformation: Phoenix Contact Creates New Platforms, Alliances and Partnerships
(AETOSWire): Phoenix Contact achieved sales of EUR 2.38 billion in 2018 with sales growth of 8%. At the same time, the number of employees increased to 17,400 worldwide. “From a global perspective, we had very good growth figures in the markets, but had to accept negative currency effects,” says CEO Frank Stührenberg. “In Germany, still […]
Huawei Announces Q1 2019 Business Results
Huawei announced its business results for the first quarter of 2019. In Q1 of this year, Huawei generated CNY179.7 billion in revenue, an increase of 39% year-on-year. The company’s net profit margin in Q1 2019 was about 8%, slightly higher than the same period last year.[1] Huawei maintained its focus on ICT infrastructure and […]
Middle East and North Africa Software Spend Tops USD 6 Billion
The digital transformation of the Middle East and North Africa (MENA)’s small- and medium-sized enterprises and Smart Cities is driving regional software spend to top USD 6 billion, industry experts announced today. The MENA region is a fast-growth market for digital transformation, as organizations look to gain greater business agility, better understand customer needs […]
Sharp increase in MENA corporations connecting to SWIFT
SWIFT announces today that its corporate treasury user community in the Middle and East North Africa grew by more than 30 percent in 2018. The ambition for 2018-2021 is to more than double the number of corporates using SWIFT for treasury operations. “SWIFT for Corporates” has been supporting corporate treasurers achieve treasury efficiency since […]
Department of Urban Planning and Municipalities and Smart Crowd Holdings Ltd. sign MOU at Cityscape Abu Dhabi
The Department of Urban Planning and Municipalities have entered into a Memorandum of Understanding (MOU) with Smart Crowd Holdings Limited on April 16th, 2019 in the presence of His Excellency Mohamed Al Khadar Al Ahmed, Executive Director of Strategic Affairs Sector, at Cityscape, Abu Dhabi’s largest real estate exhibition. Smart Crowd is an innovative real […]
Tally Solutions’ brings its successful event SMB Pulse to Ajman, aims to assist small and medium enterprises in accelerating growth
Tally Solutions, a leading international accounting and compliance software provider, brings its successful event SMB Pulse to Ajman. 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 to enhance operational […]
Alteryx Amplifies the Thrill of Gaining Data-Driven Insights Across the Middle East and Africa
April 19, 2019—Alteryx Inc. (NYSE: AYX), revolutionizing business through data science and analytics, today announced it is expanding its footprint in the Middle East and Africa (MEA) with the opening of its new office in Dubai. Located in Dubai Internet City, the Alteryx MEA office was officially opened by Dean Stoecker, chairman and CEO of […]
Google is Saudi Arabia’s Most Influential Brand, According to Ipsos Survey
Ipsos in KSA has announced the results of its “Most Influential Brands” survey, conducted for the first time in Saudi Arabia. The study measured consumer perceptions towards 120 leading National, Regional, and Global brands in terms of their influence on people, based on a comprehensive list of attributes. This survey is part of an annual […]
Saudi Women On The Road To Vision 2030
Over the last two years, Saudi Arabia has been going through a groundbreaking period of transformation that is focused on diversifying its oil-dependent economy, and that has improved the rights and mobility of the Kingdom’s women. To mark this milestone phase in the country’s history, lifestyle portal AboutHer has created The AboutHer Global Forum (AGF), a platform […]
Turkeyol: The Volume of Trade Between the Middle East and Turkey Has Surpassed 40 Billion US Dollars
–(BUSINESS WIRE/AETOSWire)– The figures provided by e-commerce platform Turkeyol indicate that the volume of trade between the Middle Eastern countries and Turkey grew by 25% in the last decade to 42,913 million US Dollars. The largest growth of trade volume was recorded with Iraq with 141%, followed by Yemen with 105%, Jordan with 97% and […]
Feature: SAS and Saudization
Countries with sizeable populations are often tasked with converting their human resources, traditionally seen as a liability, into an asset. The key here is to convert as high a percentage of this population into socio-economically performing and contributing members of society. The Kingdom of Saudi Arabia has outlined exactly this principle in ‘Vision 2030’ – […]
Tally Solutions’ brings its successful event SMB Pulse to Ajman, aims to assist small and medium enterprises in accelerating growth
Tally Solutions, a leading international accounting and compliance software provider, brings its successful event SMB Pulse to Ajman. 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 to enhance operational […]
Kuwait Finance House Chooses IDEMIA’s Technology for the Country’s First Metal Payment Card
IDEMIA, the global leader in Augmented Identity, is delighted to announce its partnership with Kuwait Finance House (KFH) to offer the first metal payment card in the country. This full-metal-card is the most premium product of the IDEMIA Smart Metalrange. Long considered a pioneer in Shar’iah compliant banking and one of the foremost Islamic financial institutions […]
Tally Solutions encourages businesses with a threshold of BHD 18,750to voluntarily register for VAT
Businesses in Bahrain whose value of supplies in the previous 12 months exceeded BHD 37,500 or whose value of supplies in the next 12 months will exceed BHD 37,500 are mandated to obtain a VAT registration as stated by Tally Solutions – a leading international accounting and compliance software provider. The mandatory registration threshold under […]
YORK Invests SAR 6 Million in the Saudi Youth
The MoU is in line with Vision 2030 and the National Transformation Program 2020 CEO of Al Salem Johnson Controls (YORK), Dr. Mohanad Alshaikh, recently revealed the signing of a Memorandum of Understanding with the Technical and Vocational Training Cooperation in the Makkah Region, worth SAR 6 million. This comes as a part of the […]
Finastra and Mashreq Bank team up to rethink the future of corporate banking
one of the leading financial institutions in the UAE, recently came together in Dubai, for a unique one day workshop around the future of corporate banking. Over 40 bank customers and participants, including CFOs and SVPs from the telecommunications, utilities and transportation industries, took part in the conversations to identify challenges that face the industry, […]