Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.

HUAWEI CLOUD Injects New Motivation for Intelligent Transformation in the Middle East
HUAWEI CLOUD to invest 14.5 million USD in the next three years to cultivate more than 1,000 consulting partners and 500 technical partners. Middle East, November 25, 2020: At the HUAWEI CLOUD SUMMIT MIDDLE EAST 2020 held online today, Huawei executives shed light on the company’s CLOUD strategy, the value of data released in the digital […]

DP WORLD, UAE REGION GAINS RECOGNITION FOR ITS REMARKABLE CONTRIBUTION TO THE MARITIME INDUSTRY IN THE MIDDLE EAST
Dubai, United Arab Emirates, November 24, 2020: DP World, UAE Region, the leading enabler of smart trade bagged the Terminal Operator of the Year award at The Maritime Standard Awards 2020. Held on November 23, 2020, under the patronage of His Highness Sheikh Ahmed Bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority and Chairman and Chief Executive, Emirates […]

Cisco Research: UAE and KSA’s CIOs Identify New Strategies to Navigate Changing World
Findings Reveal Investments in Security Optimization and Cloud Management as Top Priorities, Supported by Commitment to Empower Teams and Create a More Inclusive Future KSA, Riyadh – 25 November 2020: Cisco’s inaugural CIO Perspectives survey has identified the strategic priorities for 1,300 decisionmakers globally, across markets including the United Arab Emirates and the Kingdom of Saudi […]

Global Digital Ad Spending to Jump 14% YoY and Hit $395B in 2021
Although the COVID-19 pandemic slowed the growth of digital advertising, online ads are still expected to increase their market share this year. After a sharp fall in ad spending in March, the last few months have witnessed strong growth across all regions, as millions of consumers shifted to websites and webshops from brick-and-mortar stores. According […]

Amazon.sa Launches Amazon Gift Cards in Time for White Friday Deals
Customers on Amazon.sa can now choose to use Amazon.sa Gift Cards to pay for their purchases, in addition to online payment options through credit and debit cards and cash on delivery (COD) Customers can purchase Gift Cards for up to SAR 5000 on Amazon.sa or choose any denomination between SAR 50 and SAR 500 in-store […]

Finalists announced for Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa 2020
DUBAI, UAE, 23 November 2020: Finalists of the Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa 2020 have been announced. This is the first virtual version of the largest and oldest regional event the marine industry awaits every year and comes in one of the most challenging times the global economy has ever faced. The […]

Moro Hub Launches IBM Power Systems as Cloud Service for the first time in Dubai
Customers to benefit from improved performance and high data processing through new cloud service Dubai, UAE, 23 November 2020: Moro Hub (Data Hub Integrated Solutions) a wholly-owned subsidiary of Dubai Electricity and Water Authority (DEWA), announced its collaboration with IBM to launch IBM Power Systems as a cloud service for the first time in Dubai, United […]

BIDAYATECH; MENA FIRST REWARD-BASED CROWDFUNDING PLATFORM FOCUSING ON TECH STARTUPS OFFICIALLY LAUNCHES
Bahrain First Crowdfunding Platform aims to be the go-to technology hub to support Tech Startups to bridge their funding gaps in the MENA region (November 2020) Saudi Arabia – BIDAYATECH; MENA’s first Reward-Based Crowdfunding platform launches to help Tech Startups overcome funding gap challenges in MENA. The platform with its diverse offerings will cater to all Tech Startups […]

Mastercard and Spotii partner to enable millions of consumers across GCC to ‘Buy Now Pay Later’
Spotii’s Buy Now Pay Later service enables consumers to buy from over 600 merchants across the region with installment payments at zero cost and no hidden fees Partnership will enable Spotii to expand its network to Mastercard’s extensive merchant footprint across the GCC and MENA, offering consumers an intuitive, convenient budgeting tool Dubai, United Arab […]

JAFZA-BASED COMPANIES CAN TRADE WITH CONFIDENCE LEVERAGING ETIHAD CREDIT INSURANCE SOLUTIONS
Dubai, United Arab Emirates, 22 November 2020: Jebel Ali Free Zone (Jafza), DP World, UAE Region’s premier business and logistics hub showcased to its customers the trade payments protection solutions it has rolled out in partnership with Etihad Credit Insurance (ECI), the UAE Federal export credit company on 19th of November 2020. During a well-attended webinar titled, […]
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Tamimi Markets Appoints Cisco to Accelerate Digitization Agenda and Aid Ambitious Growth Strategy
Riyadh, Kingdom of Saudi Arabia, 22 November 2020 — Tamimi Markets, Saudi Arabia’s fast-growing supermarket chain has selected Cisco to transform its IT infrastructure, in order to meet changing business needs in the age of digitization and satisfy new customer requirements. The project involves a full technology refresh and a move to a new level […]

Collinson Announces Chris Ross As Chief Commercial Officer, EMEA
New role created to lead business and proposition development and market strategy across the EMEA region Dubai, UAE- 22nd November 2020: Collinson, a global leader in customer benefits and loyalty, has today announced the appointment of Chris Ross as Chief Commercial Officer for Europe, Middle East and Africa (EMEA). Ross, who comes to Collinson from Grey Group […]

AnyMind Group Brings AnyTag to the Middle East, one of Asia’s Largest Influencer Marketing Platforms
AnyTag will be the first of a suite of solutions AnyMind Group will introduce to the Middle East for individuals and businesses, including brand building, manufacturing, e-commerce, marketing, and logistics Dubai, United Arab Emirates – November 22, 2020: AnyMind Group, a company which develops software for individuals and businesses that enable brand building, manufacturing, e-commerce and […]

The Islamic Development Bank Group, in cooperation with the United Nations Conference on Trade and Development, organized a webinar on the Impact of COVID-19 Pandemic on the Global Investment Outlook
Wednesday, November 18, 2020 The Islamic Development Bank (IsDB) Group hosted a webinar on the impact of the COVID-19 pandemic on the global investment outlook, which was organized in collaboration between the United Nations Conference on Trade and Development (UNCTAD) and the Country Strategy and Cooperation (CSC) Department, IsDB on 17th November 2020 to discuss the […]

‘Real estate developers must invest in technology’ says Devmark Group
During a panel discussion at the Cityscape Real Estate Summit representatives from Devmark, ThinkLab and eiight underscored the importance of UAE developers bridging the technology gap in the real estate industry Dubai, United Arab Emirates, 18th November 2020: Devmark Group, the recently expanded UAE-based multi-disciplinary real estate organization, has highlighted the importance of embracing new technology in the […]

Letter to G20: The road to recovery will be digital first
By: Börje Ekholm, President & CEO of Ericsson and Erik Ekudden, Group CTO and Head of Technology & Strategy Following last week’s B20 summit in Riyadh, co-chairs of the inaugural Digitalization Taskforce Börje Ekholm and Erik Ekudden call on G20 policy makers and enterprises to work together to build a strong foundation for tomorrow’s innovation […]

Bespin Global MEA Receives APN DevOps Partner of the Year 2020
17 November 2020, Dubai, UAE – Bespin Global MEA, a leading cloud technology consulting and management company, has been selected as the 2020 winner of the APN DevOps Partner of the Year award. Receiving this prestigious award cements Bespin Global MEA’s reputation as the go-to value-added partner for DevOps on AWS in the region. View the […]
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NIKE AND THE SAUDI NATIONAL TEAM UNVEIL THE NEW HOME AND AWAY KITS
Kingdom of Saudi Arabia; November 17: The Saudi National team joined forces with Nike to launch their latest home and away kits for the 2020-21 season. The team debuted their fresh and bold kits in a friendly game against Jamaica on November 14th. The Saudi team possesses a strong track record testament to claiming the Asian […]

JAGGAER celebrates 25-year milestone with refreshed brand to support Middle East businesses
Dubai, United Arab Emirates, November 16, 2020: JAGGAER, the world’s largest independent spend management company, is celebrating 25 years of business with a newly refreshed brand, the launch of an upgraded website, and a series of webinars to support business in the Middle East and the rest of the world. The company has grown from a […]

39th Sharjah International Book Fair concludes as the first successful on-ground global trade exhibition amid COVID-19
Sharjah, United Arab Emirates, The resilience and sheer capability of Sharjah’s cultural project has been attested, once again, with the successful run of the 39th Sharjah International Book Fair (SIBF), from November 4 – 14. Turning challenges posed by the global Coronavirus (Covid-19) into a unique opportunity, the Sharjah Book Authority (SBA) ensured that one of the […]

Ericsson named one of the world’s most sustainable companies in latest WSJ ranking
A new ranking by the Wall Street Journal, places Ericsson in the top percentile for its ability to create long-term shareholder value through sustainable business practices. Sustainability is central to Ericsson’s purpose – and the company was recently ranked #12 on The Wall Street Journal’s list of the 100 Most Sustainably Managed Companies in the World. […]

AMAZON’S FIRST WHITE FRIDAY SALE ON AMAZON.SA BRINGS SAVINGS OF UP TO 70% FOR CUSTOMERS ACROSS SAUDI ARABIA
Amazon.sa’s biggest sale of the year is here November 24th to 30th on over 30 categories from electronics, fashion, sports, beauty, kitchen, home and more, across top brands including adidas, Hugo Boss, Black+Decker, Bosch, Samsung, Huawei, Dettol, Braun and many more Customers on Amazon.sa can also shop Amazon US Black Friday deals, while enjoying free international shipping […]
