Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Global PC Sales Revenue to Plunge by $31.4B Amid COVID-19 Outbreak, Entire Industry to Recover for Three Years
The COVID-19 outbreak has triggered the most significant fall in PC shipments since 2013, as pandemic affected supply chains and forced consumers to prioritize their spending. After a sharp fall in the first quarter of 2020, global PC shipments have grown in the last eight months. However, it wasn’t enough to alleviate the revenue loss […]
GENDER LENS INVESTING VITAL TO GLOBAL ECONOMIC RECOVERY #GMIS2020
In developing countries, women are 20 percent less likely to have access to base technologies such as mobile phones and the Internet Research from the International Finance Corporation shows that their gender-balanced teams display a 20 percent higher return than male-dominated teams Experts at the Global Manufacturing and Industrialisation Summit’s #GMIS2020 Digital Series discuss how gender lens investing can […]
iPhone Sales Revenue Plunged by $8.5bn YoY, Global Smartphone Market Share Dropped to 11.7% in Q3
As one of the world’s largest companies with a market cap of over $2trn, Apple derives a huge chunk of its revenue from iPhone sales. However, Apple’s most profitable product witnessed a significant revenue drop in 2020, as the COVID-19 crisis knocked down global smartphone shipments. According to data presented by Finaria, iPhone sales in the […]
Saudi Fransi for Finance Leasing for their Clients: Choose your car and your insurance
Riyadh – Saudi Arabia: After our successful achievements and huge product demand by the customers in the Kingdom of Saudi Arabia, we, Saudi Fransi for Finance Leasing launched the latest offers to our customers under the title: «Choose your car and your insurance instantly without any trouble». The advantage of this new offer includes our […]
Malaeb joins Vooora Ventures Accelerator
Vooora Ventures, the first SportsTech Accelerator in MENA, powered by Kooora.com, the leading digital sports platform in the Arab World, signed an acceleration partnership agreement with Malaeb, a community app that connects people through sports which have gathered remarkable traction in the GGC over the past couple of years.Dubai, UAE– Dec 1, 2020 – Vooora Ventures, […]
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Bottom-up innovation is near the bottom of modern corporate values
Even though a majority (88%) agree that successful organizations encourage innovation at every level and within every team, this does not always translate into tangible strategy 30 November 2020 As many as 88% of innovation leaders agree that successful organizations encourage innovation at every level and within every team. However, only 16% of companies include ‘empowering individuals’ as an […]
Breakbulk Middle East empowers women in the breakbulk sector
The sixth annual edition of BBME promotes women in leadership through an increase in female involvement in the segment UAE – Dubai – 30 of November 2020: Breakbulk Middle East, the GCC’s leading breakbulk and project cargo event, has continually played an active role in increasing the participation of women in key areas in the industry. […]
Empay, the world’s first contactless instant credit lifestyle payment ecosystem, launched in Dubai
The region’s first ‘Tap to Pay’ and QR-based mobile payment solution developed for the UAE residents from all walks of life This next-generation mobile payment ecosystem offers instant line of credit for a range of services and facilitate in-app and contactless lifestyle payment services. UAE residents can register with Empay, available on Google Play Store […]
Entersekt and Cellulant Partner to Deliver Safer Mobile Banking Solutions
Pan-African fintech giant already working on deployments with institutional customers CAPE TOWN, South Africa–(BUSINESS WIRE/AETOSWire)– Entersekt, a leader in device identity and omnichannel authentication, has announced a partnership with Cellulant, Africa’s leading financial technology company. The partnership will further enhance Cellulant’s cybersecurity by proactively securing its digital banking channels and guarding against digital banking and […]
Online, on-demand maintenance key to retaining tenants says Hitches & Glitches chief
Tech-savvy tenants will also drive adoption of online booking platforms in win-win situation with landlords With property supply currently outstripping demand, landlords know it’s a renter’s market and many of them are facing stiff competition when it comes to securing existing or attracting new tenants. Simply discounting rates will only lead to a race to […]
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Zain KSA completes capital restructuring, remaining offer of priority shares oversubscribed by 469%
“Zain KSA” succeeds in its capital restructuring, extinguishing most of the accumulated losses and paving the way for dividends distribution Prince Nayef: Demand for the rights issue heralds a new phase of transformation on the operational and profitability levels for “Zain KSA” Eng. Sultan Al-Deghaither: The company will continue to invest in the digital sector, […]
20M SAR Sales Achieved During HUAWEI MEGA OFFERS CARNIVAL
Saudi Arabia, Riyadh 29 November 2020 – – Huawei Tech Investment Saudi Arabia Company today announced the success of its HUAWEI MEGA OFFERS CARNIVAL achieving a total of 20M SAR in overall sales. The 3 days carnival saw massive offers on Huawei’s wide product portfolio including smartphones, wearables, audio solutions, laptops, tablets, and more. Held on the 25th of November on […]
Seatrade Middle East Virtual announces the launch of trailblazing initiatives to aid the expansion of the maritime industry
The new initiatives that align with the UAE’s development strategy focus on supporting small and medium-sized enterprises, promoting innovation and creativity and empowering young cadres to explore maritime professions Dubai, United Arab Emirates, November 29 2020: Seatrade Middle East Virtual (SMMEV) announced the launch of pioneering initiatives aimed at supporting and empowering the maritime sector. Through these […]
Huawei Focuses on Creating New Value Together at GITEX 2020
The synergy between connectivity, cloud, AI, computing, and industrial applications will create unprecedented opportunities for organizations across the Middle East Middle East – November 29, 2020: During this year’s GITEX Technology Week 2020, Huawei is collaborating with partners from around the world to showcase how governments and organizations in the Middle East can create new value […]
The Age of Influencer Marketing: Leading e-commerce retailers are reaching out to influencers to promote their brand message
By Mauro Romano, CEO and Co-Founder of ArabClicks Dubai, 29th November 2020: The E-commerce industry today, is heavily thriving on influencer marketing to achieve their respective brand objectives. A popular form of social media marketing; several businesses these days use the approach to promote their products and services, partnering with content creators and bloggers for better […]
2020 MENA Digital Awards Recognises Brands Delivering Impressive Results and Impact in an Extraordinary Year
A host of innovative campaigns have succeeded in driving business success and future revenues through digital technologies and media excellence Dubai, UAE – 28 November 2020: The MENA Digital Awards (MDA), the renowned bespoke awards show dedicated to promoting the region’s brightest digital innovation and media projects since in caption in 2014, has honoured this […]
Fastly Misses EPS Estimate by 300% in Q3 2020 Due to Low TikTok Traffic
Infrastructure-as-a-service (IaaS) provider Fastly posted a net loss during the third quarter of 2020. Based on its earnings report for the period, it had a non-GAAP loss of 4 cents per share. As such, it missed the Zacks Consensus Estimate by a stunning 300%. Its revenue for Q3 2020 matched the consensus estimate, reaching $70.6 […]
White Friday and Yellow Friday guide for Saudi Arabia’s techies, from the big screen to small printers
Epson’s projectors, ink tank printers, and photo scanners make unique additions to any home RIYADH, Kingdom of Saudi Arabia – 26 November 2020 — In time of Saudi Arabia’s White Friday, Yellow Friday , digital festival and online shopping events that run through November 2020, Epson has introduced a wide range of promotions on home cinema […]
Huawei and Arthur D. Little report defines best digital policies for Middle East countries
Unveiled at ’Accelerating a Sustainable Digital Economy’ summit, the study aims to support government and regulators to maximize value from ongoing national digitization Riyadh, 26 November, 2020: Launched at the ‘Accelerating a Sustainable Digital Economy’ summit held this week by SAMENA Council, a new report from Huawei and Arthur D. Little focusses on recommended policy […]
Refinitiv Announces Winners of 2020 Lipper Fund Awards For The Saudi Arabian Fund Industry
SAUDI ARABIA – Refinitiv today announces the winners of the Lipper Fund Award Winners for the Saudi Arabia Fund Industry 2020. These highly-respected awards recognize funds and fund management firms that have excelled in providing consistently strong risk-adjusted performances relative to their industry peers – the merit of the winners is based on objective, quantitative criteria. As […]
Dubai Civil Defense partners with du to become first military entity in the UAE to be blockchain-powered and accelerate digital transformation
Dubai, UAE, 25th November, 2020: du, from Emirates Integrated Telecommunications Company (EITC), has announced a significant strategic partnership with Dubai Civil Defense to automate business processes, data exchange and full payments settlement in addition of the integration with unified business registry network for all free zones in the UAE. The collaborative partnership will see the two parties take […]
Advanced Technology Research Council Announces ‘ASPIRE’ – to Drive the Creation of Future Transformative Technologies
• ASPIRE frames problem statements with cross-sector industry stakeholders, universities and research institutes • Serves as a technology programme manager for R&D projects and designs with international competitions Abu Dhabi, United Arab Emirates-Wednesday 25 November 2020 [ AETOS Wire ] The newly established Advanced Technology Research Council (ATRC) has today announced its plans to drive the […]