Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Neustar Research Reveals 92 per cent of Organisations Attacked with DDoS Just Once Suffer Theft
Neustar, Inc., a trusted, neutral provider of real-time information services, today released its bi-annual Global DDoS Attacks and Cyber Security Insights Report, affirming DDoS attacks continue to be an effective means to distract and confuse security teams while inflicting serious damage on organisations. The report highlights that organisations experienced a 27 per cent increase in […]
Global Study Highlights Economic Benefits of ‘Cashless Cities’
Visa (NYSE: V) announced today the results of an independent study conducted by Roubini ThoughtLab and commissioned by Visa examining the economic impact of increasing digital payments in major cities around the world. The study estimates that relying more on electronic payments, such as cards and mobile payments, could yield a net benefit of up […]
Derayah Financial, Mayar Capital sign agreement on global equity portfolio management
The Riyadh-based Derayah Financial, a company licensed by the Capital Market Authority (CMA), has signed an agreement with Mayar Capital, a leading global portfolio management company based in London, for the distribution of a global product on equity portfolio management. Derayah Financial is a pioneer in investment solutions, given its transparent, independent, and easy approach. […]
Western Bainoona Group Drives its Digital Transformation Agenda Forward at GITEX
At GITEX today, UAE construction giant Western Bainoona Group and digital transformation enabler SAP announced plans to explore Internet of Things connected transport solutions to drive business growth. Western Bainoona Group started a project in May 2017 to implement the SAP S/4 HANA real-time business suite as the core application backbone for its digital transformation. […]
Middle East Digitization Scales New Heights at SAP Ariba Live
Alex Atzberger, President of SAP Ariba, during today’s SAP Ariba Live event in Dubai, praised the Middle East’s cloud-based digital transformation to drive new levels of procurement success. “Technology is fundamentally altering the way that businesses operate, and Middle Eastern companies are at the forefront of this digital transformation. Companies like Saudi Aramco, Lulu Group […]
Nutanix Teams Up with Google Cloud to Fuse Cloud Environments for Enterprise Apps
Nutanix (NASDAQ: NTNX), a leader in enterprise cloud computing, has announced a strategic alliance with HYPERLINK “https://cloud.google.com/” Google®Cloud. As a result of the partnership, joint customers will be able to deploy and manage both cloud-based and traditional enterprise applications as a unified public cloud service, while blending the Nutanix environment with Google Cloud Platform™ (GCP). […]
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Saudi Arabia’s Vision 2030 to transform businesses with tech investments worth SAR8.3 billion
Delegates at the HR Tech Saudi Summit taking place on November 20 – 21, in Riyadh, Saudi Arabia, will enjoy a unique opportunity to discuss how government investments worth SAR 8.3 billion will pose new opportunities for businesses to transform HR practices. The government of Saudi Arabia pledged the multi-billion Riyal investment under Saudi Vision […]
SWIFT enhances reference data quality for treasurers
SWIFT announces the availability of Customer Data Validation, a new reference data service from SWIFTRef that helps corporate treasurers validate bank master data against the most accurate and up-to-date payment reference data, available from the SWIFTRef directories. The Customer Data Validation service, designed by SWIFTRef Consultancy, is a service that uses the SWIFTRef database to […]
Global CISOs Concerned About Business’ Cybersecurity Readiness
Research by the Ponemon Institute focusing on Chief Information Security Officers (CISO) worldwide has found worrying levels of business readiness for cybersecurity threats. Drawing on insights from 184 global CISOs, a new F5-comissioned report has highlighted the latest challenges encountered in the increasingly influential role. “This new research provides a unique view into how CISOs […]
MCIT patronizes “Internet of Things Exhibition and Conference”
Under the Ministry of Communications and Information Technology (MCIT) patronage, The First Saudi International Exhibition and Conference for the Internet of Things will be taking place in Riyadh from 28th until 30th of January 2018. The event will feature leaders of specialized sectors in technology, communications, gas and petrochemicals, and services designed to propel the […]
Saudi’s Biggest Organizations Commit to Saudi Vision 2030 Digitization Goals
7th-8th November 2017- The Kingdom’s biggest public and private sector organizations have announced their commitment to Saudi Vision 2030 and National Transformation Program 2020 goals of digital transformation, with a common theme: Transform or Be Left Behind! The global economy is being constantly disrupted in the wake of digital technologies, business and governments alike have […]
Trend Micro Releases ‘Digital Souks,’ a Comprehensive Whitepaper on the Middle Eastern and North African Underground at GITEX 2017
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today at GITEX 2017, released its comprehensive whitepaper, “Digital Souks: A Glimpse into the Middle Eastern and North African Underground,” an in-depth analysis of the cybercriminal activities within the region. Prices for malware and hacking tools are generally a bit more expensive […]
SAP showcases its Achievements with The Executive Council of Dubai at GITEX Technology Week 2017
SAP, the global digital government enabler, is showcasing at GITEX Technology Week the strong success from a collaboration with The Executive Council of Dubai, to deploy SAP SuccessFactors and the Human Capital Management suite. This ensures following the world’s latest and best practices in all aspects. As a result, The Executive Council of Dubai is […]
BravoSolution Tejari set to highlight steps on how to help procurement pave- the – road to digitization
BravoSolution Tejari, a strategic procurement company, will discuss digital transformation in the Middle East procurement industry as part of the fifth Procurement Strategy Summit taking place in Dubai. The summit, being held on October 11-12, will focus on how digital technologies are revolutionizing the procurement industry as well as how organizations can capitalize on this […]
Middle East Organizations Rank Closing Skills Gap as Top Business Priority
Closing the skills gap is the top business priority for 40 percent of Middle East and North Africa organizations, one of the world’s leading digital skills enablers, SAP, announced today at GITEX Technology Week 2017. In the Digital Economy, where the only certainty is change, the one source of lasting competitive advantage is knowledge. While […]
“Badir” launches 4 new tech start-ups in the Saudi market
King Abdulaziz City for Science and Technology (KACST), represented by Badir Program for Technology Incubators and Accelerators, has launched four new technology companies, incubated by Badir, as a result of these companies’ success in launching their products, attracting customers and achieving future growth requirements. The launch of the new companies comes after they all received […]
Huawei Ranks 70 on Interbrand’s 2017 Best Global Brands Report
The world’s leading brand consulting firm Interbrand, has announced its 2017 Best Global Brands Report and confirmed Huawei’s move to number 70 –two spots up from its ranking in 2016. Brand valued at approximately USD $6.676 billion; Huawei has grown by 14 percent over the past year. This is the third consecutive year where Huawei […]
Infor Says Cloud is Top Middle East CIO Priority in 2018
Infor, a leading provider of business applications specialized by industry and built for the cloud, today announced it will highlight its comprehensive CloudSuite offering to support business competitiveness and digitalized cities in the region at this year’s GITEX Technology Week 2017. The Middle East cloud applications market is expected to grow from $887.5 million in […]
64% of corporate treasurers ask for real-time payments tracking
– Recent survey from SWIFT and EuroFinance reveals corporates wish list for enhancements in cross-border payments. Unveiled at the EuroFinance International Conference in Barcelona, the survey, The future of payments: a corporate treasury perspective, gauged the views of 300 treasury professionals from corporations worldwide, ranging from SMEs to global corporations, in 18 different industries. The […]
VAT in the GCC: Benefits of voluntary registration, especially for small businesses
By Aaron White, Regional Director for Sage Middle EastFrom 1 January 2018, any business operating in the Gulf Cooperation Council (GCC) group of nations that earns revenue of Dhs 375,000 or more, will be legally required to register as a value-added tax (VAT) vendor. The new VAT law has come as a shock to many […]
Panasonic’s Business Solutions opens new frontiers at GITEX Technology Week 2017
Panasonic Marketing Middle East and Africa (PMMAF) will introduce its latest business solutions at GITEX 2017, which will run from October 8th to 12th, 2017, at Dubai World Trade Centre. Panasonic’s path-breaking solutions at GITEX will attract diverse audiences and deliver immersive and interactive visitor experiences. The Japanese manufacturer will be showcasing its innovative display […]
GITEX Technology Week and GITEX Future Stars Inspire Businesses to Leverage Innovation and Become Global First-Mover Successes
The most influential technology exhibitions of their kind, GITEX Technology Week and the co-located startup event GITEX Future Stars welcome first-movers, game-changers and dream-makers from around the world to share in a vision of a technology-enabled future. Held at Dubai World Trade Centre (DWTC) from October 8-12, GITEX will bring frontier technologies to the forefront […]