Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Huawei reveals its toolkit for simpler digital transformation
Huawei, a leading global provider of ICT infrastructure and smart devices, showcased its portfolio of AI-driven products and solutions at the Gartner Symposium in Dubai. The solution provider’s digital platform combines pervasive connectivity, AI, cloud, storage, IoT and other emerging technologies to simplify digital transformation, ultimately helping organizations and governments meet the needs of citizens […]
Corporate innovation festival fuels startup growth across MENA region
“You have a government here who is willing and able to help you succeed” said Excellency Khalid Al Rumaihi (Bahrain), Chief Executive of the Bahrain Economic Development Board (EDB) as part of his opening remarks at leading innovation festival Unbound Bahrain which took place in Manama, Bahrain this week. The event took place in conjunction […]
SWIFT launches DLT e-VotingPoC
SWIFT today announces aproof-of-concept (PoC) on e-Voting, using distributed ledger technology (DLT)to provide a more efficient and transparent management of the proxy voting process for shareholder meetings. SWIFTis conducting thePoC with leading securities software provider SLIB and the Singapore Exchange (SGX), along with Deutsche Bank, DBS, HSBC and Standard Chartered Bank. The PoC will explore […]
Derayah Financial Is Awarded the Best Brokerage Company in Customer Service and Best Trading Platform
In recognition of its pioneering role in providing the best services to its customers, Derayah Financial was honored for the second time in a row, in the survey conducted by the readers of “Argaam financial portal”, for “Best Brokerage Company” in terms of customer service and “Best Trading Platform”, as part of “Argaam Recognition Awards”. […]
Huawei Sues the U.S. Government for Unconstitutional Sales Restrictions Imposed by Congress
, Huawei announced that it has filed a complaint in a U.S. federal court that challenges the constitutionality of Section 889 of the 2019 National Defense Authorization Act (NDAA). Through this action, Huawei seeks a declaratory judgment that the restrictions targeting Huawei are unconstitutional, and a permanent injunction against these restrictions. “The U.S. Congress has […]
Atkins Opens New Office in Riyadh to Support Business Growth in Saudi Arabia
—(AETOSWire)–Atkins inaugurated its new office in Riyadh to drive its expansion in Saudi Arabia, by increasing resources for existing clients and developing new opportunities for growth. Atkins is one of the world’s most respected design, engineering and project management consultancies. The inauguration was well attended by Steve Graham, Head of Department of International Trade at […]
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Nearly Two-Thirdsof Saudi Arabia’s IT Decision-Makers See Cloud Cost Savings
Saudi organizations are increasingly moving to the cloud for cost savings, with nearly two-thirds (62 percent) of IT decision-makers in the Kingdom saving costs on the cloud, according to new research from YouGov. Many Saudi organizations – especially small- and medium-sized enterprises – use traditional on-premise technology infrastructure, which presents business challenges. Organizations are […]
DMS and Google Co-Host a Specialized Programmatic Event for MENA Advertisers
Digital Media Services (DMS) – the digital arm of Choueiri Group collaborated with Google on Wednesday, February 20, 2019 to host a specialized half-day (3 – 6:30 pm) event at the DMS offices in Dubai. As a leading programmatic player in MENA, DMS’ portfolio brings together high quality inventory from Arabic and international broadcasters, […]
Data Analysis: The Foundation of a Transformed Customer Experience
In a competitive marketplace, telcos are at the forefront of a revolution – using customer data as a way to delight those very same customers with a great experience. Shukri Dabaghi, Vice President – Middle East & Eastern Europe, SAS, elaborates on how telcos can not only build their data ‘cake’, but eat it too! […]
Akamai and MUFG Announce Joint Venture for Blockchain-Based Online Payment Network
Akamai Technologies, Inc. (NASDAQ: AKAM), the intelligent edge platform for securing and delivering digital experiences, and Mitsubishi UFJ Financial Group (NYSE: MUFG), one of the world’s leading financial groups, today announced an expansion of their relationship through the establishment of a joint venture, the Global Open Network, Inc. (GO-NET) and their plans to offer a […]
BICSI MEA Breakfast Club Highlights Strategies for Preparing Cabling Networks for Future Intelligent Buildings
BICSI, the global association leading the advancement of the information and communications technology (ICT) community, hosted the BICSI MEA Breakfast Club at Dubai World Trade Center on 14 February, 2019. BICSI members and other ICT professionals including architects, consultants and engineers attended the networking event to share experiences and expertise on preparing network infrastructure systems […]
SWIFT to open The KYC Registry to corporates
SWIFT announces that it is to open its world-leading Know Your Customer platform, The KYC Registry, to corporates. In a first step, from Q4 2019, all 2,000 SWIFT-connected corporate groups will be able to join The KYC Registry, and use it to upload, maintain and share their KYC information with their banks. Enabling corporates to […]
Chinese Minister of Science and Technology advocates prudent approach to policies that create a more open, inclusive market
“China’s economy is now transitioning from high-speed growth to high-quality growth,” said His Excellency Wang Zhigang, Special Envoy of President Xi Jinping and Chinese Minister of Science and Technology. During a session titled ‘The Rise of the Dragon: China’s Success in Leading the World of Technology’ at the seventh edition of the World Government Summit […]
WGS 2019: Estonian Representatives Share Digitization Successes at WGS
A track of sessions titled ‘Best Practices From Estonia – Europe’s Digital Leader’, held on the first day of the World Government Summit (WGS) 2019, brought together leading experts to discuss Estonia’s digitalization success journey to become one of the world’s leading e-societies, in a way that showcased the truly global incubator that the summit […]
SADAFCO promotes Saudi fitness through cycling event
In line with Saudi Vision 2030 and in the spirit of stirring up a thriving sports culture, Saudia Dairy and Foodstuff Company (SADAFCO) has promoted health, fitness and sports through an event organized by Promoseven Sports in Jeddah. SADAFCO sponsored “The Jeddah Challenge” cycling event on January 26, 2019, to generate more activity among Saudi […]
“Huawei 2018 revenues reached US$108.5 billion, 20% increase compared to 2017”
In a meeting with leading international media held recently at Huawei’s headquarter in Shenzhen China, Huawei Rotating Chairman Eric Xu answered media questions, addressed security concerns over Huawei and discussed Huawei’s open engagements with external stakeholders Mr. Xu said: “Cyber security, first and foremost, should be a technical issue; it should not become a political […]
Bupa Arabia Ranks 1st in Public Disclosure and Transparency
Public Disclosure and Transparency are essential elements of a robust Corporate Governance Framework as they provide the base for informed decision making by shareholders, stakeholders and potential investors in relation to capital allocation, corporate transactions and financial performance monitoring. The Importance of transparency has been widely recognized by both academics and market regulators, resulting in […]
MUFG appoints Head of Corporate Banking in Riyadh
MUFG Bank announces the appointment of Tariq Al Ghaziri as Head of Corporate Banking for MUFG’s Riyadh branch. Prior to joining MUFG in Riyadh, Tariq has held various positions at Riyad Bank for the past 15 years, most recently as Head of Corporate Finance. Various functions, including Trade Finance, Treasury and Credit Analysis, will report […]
AVAYA OPENS CUSTOMER EXPERIENCE CENTER IN SAUDI ARABIA
Avaya Holdings Corp. (NYSE: AVYA) is celebrating the launch of its new office space at the Information Technology and Communications Complex (ITCC), a commercial and housing development that serves as the epicenter of the Riyadh technology community. In what comes as a significant investment in the regional technology ecosystem, the office at ITCC features the […]
B2Broker Boosts Liquidity Offering with Launch of Additional 40 Crypto/CFD Pairs
B2Broker, a liquidity and technology provider of solutions for the crypto and foreign exchange (FX) industry, has today announced the launch of 40 new Crypto/CFD pairs, comprising all major cryptos such as BTC and Ripple against all major Fiat currencies: USD, EUR, JPY and GBP. The launch also features a range of unique pairs including […]
SWIFT to open gpi to e-commerce and DLT platforms
gpi Link will seamlessly connect gpi members to multiple trade platforms thereby enabling gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation. The gateway will enable the continuous monitoring and control of payment flows and the subsequent movement of goods by those trade platforms, while to ensure global integration and interoperability it will […]
Audi electrifies the World Economic Forum in Davos
Sustainable mobility for the World Economic Forum in Davos: As the exclusive shuttle partner, Audi is providing a fleet of 50 Audi e-tron cars for the annual meeting in 2019. The all-electric cars are fully powered by green electricity. And with mobile charging containers, the company is demonstrating a potential application of used batteries from […]