Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Global ICT experts discuss solutions for Saudi’s digital future at sixth annual Huawei Day KSA
Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, hosted global experts and leaders within the Kingdom’s ICT field at its sixth annual Huawei Day KSA event, recently held in the Ritz Carlton Hotel in Riyadh on December 9, to discuss the latest technologies and how they can be […]
Sterling and Wilson Solar Wins ‘Renewable Company of the Year’ at MEED Awards 2019
Sterling and Wilson Solar Limited (SWSL) (BSE script id: SWSOLAR), the world’s largest solar EPC solutions provider*, has been awarded the prestigious ‘Renewable Company of the Year’ in the GCC Region at the recently held MEED Awards 2019. In 2018, the Company won the ‘Specialist Contractor of the Year’ award at the same event. The […]
OXFORD BUSINESS GROUP TO LAUNCH NEW REPORT ON DUBAI’S ECONOMY Roundtable event to debate emirate’s future, post-Expo 2020
: The global research and advisory firm Oxford Business Group (OBG) will launch The Report: Dubai 2020, its new analysis of the emirate’s economic development and investment opportunities, on Monday December 9 at Nasdaq Dubai, The Exchange Building, DIFC. The event will include a roundtable, titled “Dubai Beyond Expo 2020”, at which leading representatives […]
Century Financial organizes a Global Investment Symposium that puts the spotlight on economic outlook and investment trends for 2020
As the World Economic Outlook projects global growth to pick up to 3.4 percent in 2020, investors in the region are keen to understand how the dynamic business and political landscape will impact their investment decisions next year. Fueled by an improvement in economic growth in a number of emerging markets including the Middle […]
GLOBAL SPOTLIGHT FALLS ON SAUDI POWER TRANSFORMATION AT MIDDLE EAST ELECTRICITY SAUDI
The global power industry spotlight is shining on Saudi Arabia as Riyadh plays host to a highly focused exhibition and conference poised to drive prospects for the Kingdom’s electricity sector over the coming decade. Suppliers, innovators, experts, global thought leaders and service providers have gathered at Riyadh International Convention & Exhibition Centre for the annual […]
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SOUQ.com announces White Friday Sale, its biggest sale of the year, with thousands of new deals every day and better than ever low prices
It’s back! SOUQ.com today announced that the 6th edition of its White Friday Sale will kick off on November 23rd and will last for an epic seven days until 29th November. It will be SOUQ.com’s biggest sale of the year, offering savings of up to 70% on a wide array of items. The SOUQ.com […]
Cisco Commits to Championing Small Businesses in Saudi Arabia
In an aim to help local organizations grow, Cisco is renewing its commitment to small businesses, with a multi-year awareness campaign and increased partner investments in the Kingdom to capitalize on the opportunity. Cisco is also expanding its simple, secure and flexible portfolio of solutions designed with small businesses and their digitization agendas in […]
GLOBAL SPOTLIGHT FALLS ON SAUDI POWER TRANSFORMATION AT MIDDLE EAST ELECTRICITY SAUDI
The global power industry spotlight is shining on Saudi Arabia as Riyadh plays host to a highly focused exhibition and conference poised to drive prospects for the Kingdom’s electricity sector over the coming decade. Suppliers, innovators, experts, global thought leaders and service providers have gathered at Riyadh International Convention & Exhibition Centre for the annual […]
Nutanix to Host .NEXT on Tour – The Enterprise Cloud Conference in Saudi Arabia
Nutanix, a leader in enterprise cloud computing, announced today that it will host its annual .NEXT on Tour with the theme ‘Invisible Clouds, Visible IT’ at the Fairmont Riyadh, Saudi Arabia on November 18, 2019. The conference will focus on helping enterprises in the Kingdom free themselves from the complexity and cost of legacy […]
Dubai Supreme Council of Energy organizes a roadshow of the Emirates Energy Award 2020 in Kuwait
The Dubai Supreme Council of Energy held a press conference (12 November 2019) in Kuwait, to highlight the fourth edition of the Emirates Energy Award 2020, organized under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, under the theme ‘Inspiring […]
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Al Arabiya News Channel discusses business strategy and region’s potential with Huawei Chairman
The Middle East is a pioneer in the ICT field today and remains a very important market for Huawei globally, the company’s Chairman of the Board of Directors, Mr. Liang Hua, recently confirmed in an exclusive interview with senior business presenter Lara Habib from Al Arabiya News Channel at the company headquarters in Shenzhen, China. […]
HITEC Dubai 2019 Opens with a Focus on Future
the Middle East’s largest hospitality technology show for hotels, organised by Hospitality Financial and Technology Professionals (HFTP®) and Naseba, and endorsed by Dubai Tourism, opened today with a focus on future. The 2-day event, that is being held at the Festival Arena by Intercontinental at Dubai Festival City, brings together the world’s leading technology […]
Linesight’s Middle East data centre pipeline worth over US$400m
International construction consultancy, Linesight, is leading the way in successfully delivering data centre developments throughout the Middle East, with a current pipeline of on-going projects worth in excess of US$400 million. The company’s expertise in cost estimation, tender management and appointment as well as strategy implementation has resulted in a 30-40% increase in […]
Wamda invests in Cash on Delivery alternative Tabby
Wamda has invested in UAE-based financial technology (fintech) startup Tabby, a platform leveraging proprietary technology to improve current inefficiencies in the Middle East and North Africa (Mena) payment landscape. The platform offers consumers the option to ‘buy now and pay later’ or to pay in multiple installments for goods bought online. Wamda’s investment is part […]
Bargain Hunters Mark Your Diaries: SOUQ.com’s 11.11 Extravaganza is Around the Corner
SOUQ.com customers are set to enjoy thousands of deals this November with the 11.11 sale. Taking place from 11th – 13th November 2019, SOUQ.com will offer customers thousands of bundles and deals, across a wide range of categories including fashion, beauty, electronics, toys, consumables, furniture and books. SOUQ.com KSA General Manager Saleem Hammad said: […]
TechKnowledge wins the SME Gulf Capital Digital Business of the Year Award
TechKnowledge has been named the ‘Digital Business of the Year’ at the SME Gulf Capital Digital Business of the Year Award ceremony held on September 25, at the Ritz Carlton DIFC, Dubai. The Awards identify start-ups, innovative SME’s with exemplary products and services, the SME’s who invest in their employees’ environments, customer strategies and the […]
Mohamed bin Zayed Inaugurates EDGE, An Advanced Technology Conglomerate, Poised to Transform Defence Industrial Capabilities
): His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces today inaugurated EDGE, a company set to reposition the UAE as a notable global player in advanced technology. With the digital era creating unprecedented challenges and opportunities, EDGE is positioned to […]
Infor Appoints Saudi Bugshan Barmaja as New Alliance Partner for Middle East & Africa
Infor, a global leader in business cloud software specialized by industry, today announced that Saudi Bugshan Barmaja Co.Ltd, the major diversified business group headquartered in Saudi Arabia, has been appointed an Infor alliance partner for the region. As an alliance partner, Saudi Bugshan Barmaja will be deploying a range of Infor solutions including Infor […]
Chinese tech firm Huawei to Donate Equipment to AURAK
Chinese tech giant Huawei is to donate equipment to the American University of Ras Al Khaimah (AURAK) to set up the first Huawei ICT Academy in the United Arab Emirates. Representatives of Huawei visited the AURAK campus to initial the agreement and met the university’s President, Professor Hassan Hamdan Al Alkim. AURAK is the first educational […]
Gartner’s 2019 Hype Cycle for IT in GCC Indicates Public Cloud Computing Will Transform Businesses
The 2019 Gartner, Inc. Hype Cycle for IT in the Gulf Cooperation Council (GCC) states predicts that hype around public cloud computing will grow in the next two to five years. However, it will take more than 10 years for this technology to translate into mainstream adoption. “Countries in the GCC are aggressively transforming from […]
Ajman Bank Wins Sharjah Gulf Nationalization Award
Ajman Bank, one of the leading Islamic financial institutions in the UAE, was named the winner of Sharjah Gulf Nationalization Award at the Sharjah Economic Excellence Awards. The coveted accolade was presented by H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of Sharjah Executive Council to […]
Hiperdist Showcases Its ‘Digital Technology Capabilities’ At GITEX 2019 with Microsoft
— Regional Value added distributor Hiperdist, in collaboration with Microsoft, participated in the GITEX Technology Week, held recently in the UAE. The company showcased its ecosystem of partners, such as Microsoft, Palo Alto, Ongo, Pactsoft, VaporVM, Procomix, Alibaba Cloud, etc. across its main focus areas – ‘Cloud’ and ‘Security’ with a focus on ‘Enabling Digital […]