Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
INTDV to showcase five groundbreaking products in GITEX 2020
INTDV will unveil high-end technologies of the most promising key players in the Middle East INTDV, one of the Middle East’s leading emerging tech companies, headquartered in Riyadh with offices operating in Dubai, Kuwait and Cairo, will showcase five innovative products in GITEX 2020, which will kick off on December 6. Held in the Dubai World […]
61 Candidates Shortlisted for the Second Batch of the UAE Astronaut Programme
The candidates have been shortlisted from 4,305 applicants The Programme is aimed at further strengthening the UAE’s position in human space flight Dubai, UAE, 15 November 2020: The Mohammed Bin Rashid Space Centre (MBRSC) today announced that 61 out of 4,305 applicants have been shortlisted for the second batch of the UAE Astronaut Programme, that aims […]
Abu Dhabi unveils a pioneering global centre for advanced technology research
Abu Dhabi, United Arab Emirates, 10 November 2020, (AETOSWire) – Abu Dhabi has unveiled the Technology Innovation Institute (TII), a pioneering global center for advanced technology research committed to reinforcing Abu Dhabi and the UAE’s status as a global hub for innovation and advanced technologies. The institute is the dedicated applied research pillar of the Advanced Technology […]
DP WORLD, UAE REGION AND JAFZA WIN ACCOLADES AT THE BUSINESS EXCELLENCE AWARDS
Dubai, United Arab Emirates, November 12, 2020: DP World, UAE Region, the leading trade enabler and Jebel Ali Free Zone (Jafza), the leading free zone in the Middle East won two coveted awards at the 26th edition of the Business Excellence Awards, held virtually on November 11, 2020. Instituted by Dubai Economy, under the patronage of His Highness […]
Irregularities Being Uncovered in Huawei CFO Legal Case
As the extradition case continues around Huawei CFO Meng Wanzhou, her defense team has started to highlight irregularities in the approach of local law enforcement, which could disrupt the entire case and nullify this highly-politicized extradition. In particular, the court has now been presented with evidence of the following actions: The ‘First Plan’ – On […]
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Ericsson completes acquisition of Cradlepoint
Strengthens enterprise offering and creates valuable new revenue streams for customers Welcomes more than 700 employees to Ericsson Cradlepoint to continue to operate under its existing brand Ericsson (NASDAQ: ERIC) has completed its acquisition of Cradlepoint, the US-based market leader in Wireless WAN Edge 4G and 5G solutions for the enterprise market. The investment is key to […]
“Trust Yourself” The New Campaign by Favre-Leuba
Dubai – November 10, 2020: Imagine driving on a secluded highway for hours. Just you, your car and the road. Imagine holding the ropes on a sailing boat and heading into the coolness of the sea breeze. Just you, your boat and the sea. Imagine rushing to the job interview of your life through the awakening […]
Saudi Talents Awarded by Nissan Saudi Arabia as Winners of Nissan Hero Program
JEDDAH, Saudi Arabia (Nov. 11, 2020) – Nissan Saudi Arabia held an award ceremony for the winners of their sales team training program, the Nissan Hero Program. The globally recognized program aims to educate and train local talents in front line sales and creates jobs for Saudis. The ceremony took place in the presence of the Nissan […]
BMW Group posts solid third-quarter sales growth
Munich. The BMW Group posted solid year-on-year sales growth of 8.6 percent in the third quarter, with a total of 675,680 vehicles delivered to customers. As expected, the sales performance from January to September meanwhile reflects the global impact of the Corona Pandemic. During this period, the company sold 1,638,316 (-12.5%) premium BMW, MINI and Rolls-Royce […]
3D Virtual WETEX & Dubai Solar Show Attracts 63,058 Visitors, Largest Number in Its History
Dubai, United Arab Emirates, 9 November 2020: Dubai Electricity and Water Authority (DEWA) organised the Water, Energy, Technology, and Environment Exhibition (WETEX) and Dubai Solar Show virtually from 26-28 October 2020. The 3D carbon-neutral exhibition attracted 1,076 exhibitors from 52 countries, and 63,058 visitors from around the world. This is the largest number of visitors […]
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HONEYWELL AND VERTIV TO IMPROVE SUSTAINABILITY FOR DATA CENTER OPERATIONS ACROSS THE GLOBE
Joint effort combines Honeywell operational technology experience with Vertiv’s critical digital infrastructure solutions to create more sustainable and efficient data center operations First joint offering to combine intelligent selection of energy resources with centralized visibility of operations and infrastructure to help reduce energy use Dubai, UAE, November 09, 2020 – Data centers help enable the online […]
The Future is Flexible: Employees want greater ownership and choice in the new world of work
Remote working during the pandemic has challenged society’s cultural norms around the workplace 87% of office workers want the ability to choose whether to work from home or office, and manage their hours, even when offices open up 63% want to maintain the autonomy they experienced during the pandemic lockdown Experiencing better balance of life […]
AMAZON.SA REVEALS 11.11 SALE DEALS FOR SAUDI ARABIA
The 11.11 sale kicks off at midnight on November 10th and runs until November 12th across more than 30 product categories including electronics, home and kitchen, grocery and fashion Customers on Amazon.sa can also shop Amazon US deals during 11.11, while enjoying free international shipping on orders over SAR 200 Customers will enjoy thousands deals and savings […]
Emirates NBD strengthens Customer Intelligence with SAS
Dubai, UAE; 08 November 2020: Emirates NBD, a leading banking group in the Middle East, North Africa, Turkey (MENAT) region serving more than 14 million customers in 13 countries, has invested in advanced analytics to empower its Customer Intelligence & Engagement (CIE) team. The team is tasked with integrating data across all systems and applications, creating […]
Hikma continues strong 2020 performance and updates full year guidance
Amman, Jordan, 5 November 2020, (AETOSWire) – Hikma Pharmaceuticals PLC (Hikma, Group), the multinational pharmaceutical group, today provides an update on current trading. Siggi Olafsson, Hikma’s CEO, said: “Hikma is performing well, maintaining the positive momentum of the first half. The breadth of our portfolio, the flexibility of our manufacturing capabilities and the strength of our commercial and […]
Arab Monetary Fund Selects Refinitiv as Compliance Provider for Buna
Arab Monetary Fund Selects Refinitiv as Compliance Provider for Buna, the First cross-border Payment System in the Arab Region UNITED ARAB EMIRATES – Refinitiv and the Arab Monetary Fund (AMF) today announced the adoption of World-Check as the preferred anti-money laundering data for “Buna”, the first cross-border payment system in the Arab Region launched by AMF earlier […]
“Zain KSA” scores SAR 224 million net profit
Zain KSA has maintained its stellar financial performance for the 9th consecutive quarter, posting net profits of SAR 224 million during the first nine months of the year. The company’s revenue grew to SAR 1,928 million in Q3 2020, up from SAR 1,889 million in Q2 2020 represented by 2% increase. Accumulated losses continued to drop […]
LENOVO DELIVERS RECORD RESULTS, FUELED BY STRONG Q2 GROWTH ACROSS ALL BUSINESS GROUPS
Kingdom of Saudi Arabia, November 03, 2020 – Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced record Group revenue in the second quarter of US$14.5 billion, up 7% year-on-year and with all businesses showing strong growth. Profit showed even stronger growth, with record pre-tax income of US$470 million, up 52% compared to the same quarter a year earlier, […]
Cisco Unveils Simplified Partner Program, New Platforms and Solutions at Partner Summit 2020
Riyadh, KSA, November 02, 2020: Cisco’s 25th annual Partner Summit kicked off virtually last week with nearly 13,000 partners in attendance representing 157 countries. Sessions and announcements focuse on being “Future Ready”, providing partners with the latest business and technology insights needed to help them and their customers achieve new levels of business agility and resilience.. This […]
OTO EXPANDS ITS SERVICES TO SIX COUNTRIES AND IS SET TO REVOLUTIONIZE THE LAST MILE DELIVERY SERVICE FOR BRICK-AND-MORTAR RETAILERS IN THE MENA
Mega Retailers and Leading Delivery Companies expedite orders promptly via OTO’s Proprietary Technology and are expanding their loyal customer base MENA: 02 November 2020: OTO, a Software-as-a-Service (SaaS) startup which supports brick-and-mortar retailers to ship their online orders directly from their physical stores to the customers in less than 2 hours, has announced today that the […]
Moro Hub launches the region’s first solar-powered Green Data Centre at WETEX 2020
Dubai, UAE, 28th October 2020: Moro Hub (Data Hub Integrated Solutions LLC), a wholly-owned subsidiary of Dubai Electricity and Water Authority (DEWA) announced the launch of the Middle East’s first certified Tier-III Green Data Centre on 28th October at the virtual edition of The Water, Energy, Technology, and Environment Exhibition (WETEX), the first-ever Carbon Neutral 3D exhibition in the MENA region […]
Samsung Electronics Becomes Top Five in Interbrand’s Best Global Brands 2020
Samsung Electronics announced today that it has become number five in the Best Global Brands 2020 list announced by Interbrand, a global brand consulting company, with its largest-ever brand value of USD 62.3 billion. Despite the challenging business environment brought on global companies by COVID-19 in 2020, Samsung saw a 2% rise in brand value […]