Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Turkish Airlines Announces 2017 Q3 Financial Results
Turkish Airlines, given the financial discipline and dynamic demand management applied since the beginning of 2017, with USD 939 million in 2017 Q3, posted record net profit of all 3rd quarters in company history. The 9-monthly operating net profit is recorded as USD 956 million. The successful 3rd quarter marked a 23 percent increase on […]
Gartner Says IT Spending in EMEA to Exceed $1 Trillion in 2018, Up 4.9 Percent from 2017
IT spending in EMEA is projected to total $1 trillion in 2018, an increase of 4.9 percent from estimated spending of $974 billion in 2017, according to the latest forecast by Gartner, Inc. In 2017, however, all categories of IT spending in EMEA underperformed global averages (see Table 1). Currency effects played a big part […]
Bahrain to Host Global Entrepreneurship Congress 2019
Bahrain named host country for the Global Entrepreneurship Congress in 2019 at a high-profile event at the UN HQ in NY, confirming the country’s position as a business-friendly nation and an international leader in the field of entrepreneurship and business innovation. The annual global event, hosted by countries including the US, UK, China, Italy, Brazil […]
Raytheon Saudi Arabia receives commercial registration from Ministry of Commerce and Industry
Raytheon Company (NYSE: RTN) today announced the completion of official commercial registration requirements for, and designated the official name of, its new Riyadh-based business unit: Raytheon Saudi Arabia. This milestone allows Raytheon Saudi Arabia to accelerate its localization strategy in support of the Kingdom’s Vision 2030. Earlier this year, Raytheon announced a Memo of Understanding […]
REVEALED: Inside the mind of today’s candidate: Why do MENA professionals switch jobs?
Most professionals in MENA (88%) like hearing about new opportunities and higher compensation lures them into switching to a new job, according to LinkedIn’s annual talent survey – ‘Inside the Mind of Today’s Candidate’. The study reveals that higher compensation elsewhere (41%) is still the main reason people leave jobs, with a better fit for […]
Research: 90% of internet users recognize the Twitter logo
By Carla El Maalouli, Head of Business Marketing, Twitter MENA What is a logo? Why do companies put in effort to redesign, refresh and update their logo? By definition, a logo is a symbol adopted by an organization to identify its products or services. Ultimately, the logo is the company, and the company is the […]
AdGartner Identifies Top 10 Digital Disruptors in Asia/Pacific
The top digital companies in the Asia/Pacific region represent both a threat and an opportunity to global enterprises, and CIOs ignore them at their own risk, according to Gartner, Inc. Analysts advise CIOs involved in building or expanding a digital business to identify and understand Asia’s top disruptors as early as possible and work with […]
Huawei Holds Global Energy Summit 2017 and Demonstrates Safe and Efficient Oil and Gas ICT Solutions at ADIPEC
Huawei held its Global Energy Summit in Abu Dhabi on November 12. With the theme of “Leading New ICT for Higher Safety and Efficiency in the Oil and Gas Industry”, this summit attracted more than 200 customers, partners, and senior experts from the oil and gas industry, who gathered to discuss how to reduce costs, […]
TP-Link MEA to Host SMB Partner Event with Ethos Technologies
TP-Link MEA to Host SMB Partner Event with Ethos Technologies Networking Vendor Teams Up With UAE Distributor to Showcase SMB Products and Unlock Business Opportunities Dubai, United Arab Emirates, 13 November 2017, (AETOSWire): TP-Link Technologies Co Ltd, a global provider of SOHO, SMB networking products and wireless LAN solutions, has announced that it will host […]
Almarai and KFU honor Vet Award winners
This week, Prof. Mohammed Abdulaziz Al-Ohali, Rector of King Faisal University “KFU” patronized the annual celebration of Almarai’s Veterinarian Prize sponsored by Almarai Company. Saudi Veterinary Association supervises the Prize since 2009. The rector handed over certificates of appreciation to the winners of the Prize branches in recognition by Almarai Company, the Saudi Veterinary Association, […]
Argaam kicks off flexible pay-per-report service
Argaam Investment Company launched today its flexible pay-per-report service, Argaam Insight, that will enable its esteemed readers to unlock exclusive market reports by purchasing pre-paid credit. The new service will help a large segment of Argaam’s readership to access the exclusive reports of Saudi Stock Market (Tadawul), Parallel Market (Nomu) and Saudi economy at large. […]
trade.io Announces Strategic Technical Alliance with Financial Technology Giant Modulus in Support of Blockchain and Artificial Intelligence Initiatives
Highly anticipated ICO, trade.io announced it has licensed advanced technology from Modulus, a leading provider of financial technology products for over 20 years. Modulus has provided its services to The Nasdaq Stock Market, Microsoft, and Google, amongst many other top names, in addition to millions of individual investors and traders around the world. (Logo: http://mma.prnewswire.com/media/592785/trade_io_Logo.jpg […]
International Autumn Trade Fair to feature over 100 exhibitors from across the globe
The 32nd edition of the International Autumn Trade Fair (IATF), a general consumer goods trade fair, organised by Al Fajer Information and Services will be held from December 17th – 19th, 2017 at the Dubai International Convention and Exhibition Centre (DICEC). The three day expo will feature an extensive array of products from home décor, […]
Gartner Survey Finds Banking and Investment Services CIOs are the Most Focused on Digitalization
Banking and investment services CIOs are increasingly convinced that their old business models and existing value propositions will not be sustainable in the future, according to a survey from Gartner, Inc. Gartner’s 2018 CIO Agenda Survey gathered data from 3,160 CIO respondents in 98 countries and across major industries, including 354 banking and investment services […]
Infor Retail Again Named a Leader in 2017 Magic Quadrant for Retail Assortment Management Applications
Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, today announced that the company was recognized as a leader in the Gartner 2017 Magic Quadrant for Retail Assortment Management Applications. According to Gartner, “Leaders in the RAMA market have an extensive client base that crosses multiple geographic boundaries […]
Gartner Survey Finds 59 Percent of Higher Education CIOs Expect Significant Business Model Change Due to Digital Transformation
Higher education CIOs recognize that key organizational priorities are enrollment and student success, but fail to show innovation with regard to the top technologies required to differentiate themselves and win, according to a survey from Gartner, Inc. Yet, a majority of respondents (59 percent) think there will be significant business model change due to digital […]
New GSMA Study Finds That Mobile Industry Accounts for 5 Per Cent of Latin American GDP
Latin America’s mobile ecosystem generated 5 per cent of GDP last year, according to a new GSMA study. The 2017 Latin America and Caribbean edition of the GSMA’s Mobile Economy series, published today at the GSMA Mobile 360 Series – Latin America event in Bogotá, calculates that mobile technologies and services contributed $260 billion in […]
SellAnyHome.com makes it easier for Saudi investors to buy property in Dubai
The Middle East’s new online home buying service offers free home evaluations and provides an offer within 30 minutes! The GCC welcomes the region’s first and largest home buying service, SellAnyHome.com which aims to enable home owners to sell their property in 30 minutes. SellAnyHome.com has already benchmarked itself as the only solutions provider to […]
$174 billion Nanotechnology Market
Advances in the multi-billion dollar nanotechnology market will be under the spotlight when ICT system integrator, Waseela, welcomes 2016 Nobel Laureate and pioneering nanotech scientist, Sir Fraser Stoddart, and Intel Corporation’s former nanotech R&D Director, Dr. Youssry Botros, to a live discussion in Dubai. Taking place on December 4, 2017, the first of its kind […]
Rimini Street Named IT Company of the Year
Rimini Street, Inc. (Nasdaq:RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced that it won seven Golden Bridge Awards for 2017, including gold awards for Company of the Year and Customer Service Department of the Year, both in the IT Services […]
Moving to IaaS is Fundamental to Remaining Competitive, Oracle study finds
The proportion of businesses reaping the rewards of embracing cloud infrastructure services is increasing, according to the latest quarterly global survey of 1,610 IT professionals. Two-thirds of respondents from Saudi Arabia (66 percent) believe Infrastructure as a Service (IaaS) makes it easier for businesses to innovate, up from 62 percent last quarter. Nearly half of […]
Is Your Device Part of an Illegal Hacking Gang? Norton
A year on from the Mirai botnet’s first major attack – which brought much of the internet to a standstill -Norton by Symantec (NASDAQ: SYMC), the world’s leading cyber security company, reveals how the global botnet has grown and which countries and cities unwittingly played host to the greatest number of bot infections. 6.7 million […]