Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
FVC to lead with Enterprise Collaboration at Gitex 2019
FVC, a leading value-added-distributor (VAD) in the Middle East and Africa, has announced its participation at Gitex 2019. With a focus on enabling organizations’ digital transformation journey, FVC will demonstrate the strength of its comprehensive enterprise collaboration vendor portfolio, in addition to highlighting its Audio-Video, IT Infrastructure and IT Security portfolio. “The uptake of enterprise […]
Infor sets sight on digital supply chain at Warehouse Tech Middle East
Infor, a global leader in business cloud software specialized by industry, has reaffirmed its participation at Warehouse Tech Middle East that is set to take place on September 9, 2019. Serving as a gold sponsor for the conference, Infor will showcase the latest developments within its digital supply chain portfolio, along with its capabilities in […]
SWIFT leads the industry on Open Banking with library of API standards
SWIFT today publishes a new API standard for the Pre-authorisation of funds, paving the way for further innovation in financial services enabled by open banking. The new standard allows a payer’s bank to earmark funds for a purchase in advance, guaranteeing that the future payment will be honoured. It is the second of SWIFT’s […]
Trends Every Growing Small Business Needs to Know
Great news for any small business looking to get ahead: Salesforce Research has just released the Third Edition Small & Medium Business Trends Report, sharing data and observations from more than 2,000 small and medium business (SMB) owners and leaders from around the world. The research report digs into the challenges and goals of SMB executives, analyzes how demographics […]
SOUQ.com Introduces Same Day Delivery Service
Today SOUQ.com has taken a step forward for e-commerce in the Kingdom by introducing a same day delivery service. Becoming the first e-commerce company in the Kingdom to offer such a service, SOUQ.com will now provide customers with same day delivery for “Fulfilled by Souq” (FBS) products in both Riyadh and Jeddah. Commenting […]
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Senior Partner for Top Global Management Consulting Firm Offers Inspiring Approach to Economic Development in the Middle East
Many challenges face the Middle East in terms of economic development, but one business executive is inspiring others in the region. Mohammed Alsherebi—a Saudi Arabian business magnate, investor, and philanthropist who also serves as a senior partner and external director for a leading global management consulting firm—is preparing to launch a new ecosystem to facilitate […]
SOUQ.com Back to School Buys That Won’t Break the Bank
Summer break is officially over and it’s that time of the year again – school supplies need restocking; new bags need to be purchased and your little one is gearing up for the next chapter of their schooling life. In case you still need to do your school shopping, SOUQ.com is here to provide […]
Wipro, Google Cloud Expand Partnership to Accelerate Digital Transformation for Enterprises
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the expansion of its strategic partnership with Google Cloud to accelerate cloud adoption and digital transformation for global enterprises. By collaborating with Google Cloud, Wipro will catalyse innovation for enterprises in industry verticals such […]
EQUITATIVA LOOKING AT DEPLOYING OVER 200 MILLION AED IN REAL ESTATE ACQUISITIONS FOR EMIRATES REIT
Equitativa (Dubai) Limited (“Equitativa”), the largest REIT manager in the GCC and manager of Emirates REIT (CEIC) PLC (“Emirates REIT” or the “REIT”), today said that it is looking at investing up to AED 200 million in new real estate acquisitions in several sectors for Emirates REIT by early next year. The announcement comes […]
IGI Reports Rising GWP and Growth in Key Lines of Business in Half-Year 2019 Results
International General Insurance Holdings Limited today reported earnings for the first half of 2019. IGI reported a net profit of $13.75 million for the first six months of 2019, compared to $11.02 million last year, and a 12.2% rise in gross written premiums from $165.87 million in June 2018 to $186.12 million in June 2019. […]
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Hong Kong Trade Fairs in Fall 2019 Strengthening bilateral trade between Hong Kong and the UAE
Hong Kong and the United Arab Emirates (UAE) have enjoyed robust bilateral trade relations on a range of products and services over the years. Adding to the Hong Kong’s business advantages, Hong Kong Trade Development Council (HKTDC) gathers the latest market intelligence and form partnerships to develop business for corporations. The HKTDC organises more than […]
Excellently designed Brand Communication: GROHE wins the distinction of “Red Dot: Brand of the Year”
The jury for the Red Dot Award: Brands & Communication Design 2019 is full of enthusiasm. The international experts have bestowed the distinction “Red Dot: Brand of the Year” on the global sanitary brand GROHE. It is awarded to the best brand in an industry. Over several days, the experts scrutinised, discussed and assessed a […]
Dubai Financial Market Instils Good Corporate Governance Through Partnership With Hawkamah
In line with its focus on enhancing sustainability and promoting Environmental, Social and Governance best practices among listed companies and other stakeholders, Dubai Financial Market (DFM) has successfully contributed to the improvement of corporate governance practices in the United Arab Emirates through its partnership with the Hawkamah Institute for Corporate Governance. In 2017, DFM and […]
Tally Solutions hosts ‘Bahrain VAT Summit’ to discuss VAT implementation and compliance in the next half year of 2019
Tally Solutions, a leading international accounting and compliance software provider, recently hosted a summit on value-added tax (VAT) in Bahrain as part of its ongoing efforts to raise awareness of businesses on the country’s new taxation system. The recently concluded ‘Bahrain VAT Summit’ at the Sheraton Bahrain Hotel featured renowned VAT and technology experts, who […]
Tally Solutions hosts first SMB Pulse in Sharjah- Home to over 45,000 SMEs
Tally Solutions, a leading international accounting and compliance software provider, brings its successful business focussed event series SMB Pulse to Sharjah. The event focussing on effective measures to increase work efficiency, amidst evolving business landscape in the region was attended by many small and medium businesses. The session primarily helped in understanding the new ways […]
Tally Solutions hosts first SMB Pulse in Sharjah- Home to over 45,000 SMEs
Tally Solutions, a leading international accounting and compliance software provider, brings its successful business focussed event series SMB Pulse to Sharjah. The event focussing on effective measures to increase work efficiency, amidst evolving business landscape in the region was attended by many small and medium businesses. The session primarily helped in understanding the new ways […]
Saudi Engineers Contribute to Presentation of Revived Souk Okaz
Souk Okaz was featured in Taif Season in a new format, including the introduction of the Arab Neighborhood, which featured pavilions showcasing 11 Arab countries, and a number of historically-themed areas, such as markets, Okaz knights and a language and culture square. Visitors have been impressed by the facilities available, including the restaurants and cafes, […]
Saudi Arabia Logistics and Warehousing Market is Expected to reach over USD 17.5 Billion in Revenue by the year 2023: Ken Research
Analysts at Ken Research in their latest publication “Saudi Arabia Logistics and Warehousing Market Outlook to 2023 (Second Edition) – Expected Recovery in Demand Growth with Rising Infrastructure Spending, Government Reforms and Surge in Trade”believe that the logistics industry is in its growth stage and is projected to expand in future through increasing government investment […]
Two Transmedia Initiatives Aimed at Encouraging Emirati and Arab youth launched by Jawaher Khalifa Al Khalifa Foundation for Youth Empowerment and Art Format Lab
Aimed at supporting talented Arab and Emirati youth in the region whilst also honing their scientific and cultural abilities, Sheikha Jawaher bint Khalifa Al Khalifa and Khulud Abu Homos, on Behalf of Jawaher Khalifa Al Khalifa Foundation for Youth Empowerment and Art Format Lab Production, recently signed a strategic partnership agreement, to jointly launch a […]
Saudi Emerging Technologies Forum Gains Communications & IT Ministry’s Support
The Ministry of Communications & IT, the main driver behind the Kingdom-wide digital transformation overhaul of Saudi Arabia, has officially joined the Saudi Emerging Technologies Forum (11-13 November 2019, Burj Rafal Hotel – Riyadh, KSA) as Main Sponsor of the event. Organized by Eyes of Cities in collaboration with The Great Minds Group, the conference is supported by leading entities […]
Middle East Boosts Workforce Transformation Market to USD 24 Billion by 2023
The Middle East is boosting the global workforce transformation market, growing to USD 24 billion by 2023, and enabling employees to optimize their productivity by working on the go, industry experts announced today. As more UAE organizations need to support staff working from multiple sites – such as headquarters, home, and on-the-go — digital […]
Ministry of Communications and Huawei announce winners of first Digital Transformation Innovation Contest
The Ministry of Communications and Information Technology together with Huawei, a leading global provider of information and communications technology (ICT), have announced the winners of the first open-development digital transformation competition in Saudi Arabia, inspired in support of the ambitions of Saudi Vision 2030. The Digital Transformation Innovation Contest saw upwards of 80 entries […]