Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Badir Program showcases 127 Saudi startups at GITEX Dubai
Saudi Arabia-based Badir Program for Technology Incubators, one of King Abdulaziz City for Science and Technology projects, will take part in GITEX Technology Week Exhibition 2017, which will be launched on the 8th of October at Dubai World trade Center. This initiative aims to highlight the role of the Program and its interest in supporting […]
CGS SELECTS HONEYWELL TO HELP DRIVE ENVIRONMENTAL SUSTAINABILITY IN THE KINGDOM OF SAUDI ARABIA
Global technology leader Honeywell (NYSE: HON) today announced that CGS, a leading refrigeration company in Saudi Arabia, has adopted its Genetron Performax® LT refrigerant to help meet its goals for environmental sustainability and energy efficiency, in line with Saudi Vision 2030’s environmental sustainability agenda. CGS showcased the adoption of environmental technology at Honeywell’s “Next Generation Refrigerants” […]
Saudi Retail Market to Top USD 142 Billion in 2021
Real-Time Digital Core Drives New Levels of Customer Engagement Saudi Vision 2030 will drive the Kingdom’s retail market to a record-high of USD 142 billion by 2021, industry experts announced today at the Saudi Consumer Forum by digital transformation enabler SAP. Thanks to an increasingly globally-minded and brand-savvy local population and tourists, the Kingdom is […]
His Highness Sheikh Rashid bin Humaid Al Nuaimi Experiences SAP Innovations to Drive Ajman’s Smart Government
His Highness Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Ajman Municipality and Planning Department, today toured the Middle East and North Africa headquarters of digital government enabler SAP, experiencing the latest innovations to drive Ajman Vision 2021 smart government goals. During the tour, he experienced SAP’s real-time digital government solutions, including the cloud-based […]
Eurisko Mobility Adds AI Bots to its Digital Experience Platform for Banks & Financial Institutions
In exciting news for both financial institutions and their customers, Lebanon-based mobile development leader Eurisko Mobility recently announced the addition of Artificial Intelligence Bots to its Digital Experience Platform (DXP), a cutting-edge solution tailored for banks and financial institutions. Eurisko’s fully customizable bots powers all DXP modules from Daily Banking and Personal Finance Management to […]
FM industry seeking to integrate technologies within their services
Integrating different technologies within business solutions can help advance the FM industry, experts discuss at the FM Expo. As part of the Facilities Management Congress within the FM Expo, in the panel Digital Future – Where we are and where we go – Is technology a game changer?, experts discussed how technology systems can help […]
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Deutsche Bank hosts Saudi Capital Markets Conference in London
Deutsche Bank today announced the opening of The Saudi Capital Markets Conference in London, United Kingdom. Organized by Deutsche Securities Saudi Arabia (“DSSA”) in coordination with the Capital Market Authority (“CMA”) and the Saudi Stock Exchange (“Tadawul”), the conference is being held at Deutsche Bank’s offices in London on Wednesday and Thursday 27-28 September 2017. […]
ABB to acquire GE Industrial Solutions
ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial Solutions has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market. GE Industrial Solutions is headquartered in Atlanta, Georgia, and has about 13,500 employees around the […]
Badr Jafar Calls for Global Purpose Hubs at UN High-Level Event on Innovation and Technology
While the rapid pace of technological change presents unprecedented opportunities to innovate, it is equally important to harness the power of technological innovation to address complex economic, social and environmental challenges, said Badr Jafar, CEO of UAE-based conglomerate Crescent Enterprises and Managing Director of the Crescent Group, in his closing keynote address at the United […]
World Green Economy Summit (WGES) 2017 highlights the importance of innovation and technology to power the green economy
With technological innovation shifting towards sustainable solutions, the fourth World Green Economy Summit (WGES) 2017, set to be held on 24-25 October at Dubai International Convention and Exhibition Centre, will highlight the role of innovation and technology in the transformation towards a green economy. Held under the patronage of HH Sheikh Mohammed Bin Rashid Al […]
Panasonic announces robust plans for Middle East under new leadership
Panasonic Marketing Middle East & Africa (PMMAF) – the regional headquarters for Panasonic has announced robust plans for Fiscal 2017 under the leadership of the new Managing Director Mr. Hiroki Soejima. The annual convention was held in Dubai today. Over 80 business associates from 12 countries attended Panasonic’s annual convention where the brand outlined increased […]
Saudi Arabias National Commercial Bank joins SWIFT gpi
SWIFT announces today that Saudi Arabia’s National Commercial Bank (NCB) has signed up for its global payments innovation (gpi) service. The bank is the first in the country to join forces with over 100 leading banks globally. SWIFT gpi dramatically improves the customer experience in cross-border payments by increasing the speed, transparency, and end-to-end tracking […]
Three trends driving demand for Cloud in 2018
Businesses in the Middle East that invest in Cloud capabilities in 2018 will select their Cloud partner based on cyber security, flexible payments and value added services such as round-the-clock support, according to leading IT solutions provider and systems integrator, STME. In order to keep up with the rapid evolution of IT systems for business, […]
AWOK.com launches its services in the KSA
AWOK.com, UAE’s largest e-commerce player has now ventured into the KSA region. This is in line with the company’s vision of expanding its operations across the GCC. Customers in the KSA region will now be able to purchase from around 50,000 products across 30 categories. With this new development, customers will now be able to […]
Think You Can Text or Talk while Driving Your Brain Probably Disagrees
Most people think they can do two things at once but psychological research proves the brain is just not wired to multitask, especially when driving. When the brain is taxed with too many simultaneous actions, it actually performs each one slower. So, for example, while many people may think they can safely talk on the […]
Empower reinstates its position in carbon neutral practices
Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, received the official Certified Emission Reductions (CERs) cancellation certificate issued by United Nations Framework Convention on Climate Change (UNFCCC) for the successful offset of emissions during the IDEA District Cooling 2016 Conference, in cooperation with Dubai Carbon […]
As World’s Largest Privately-Controlled Technology Company
Dell Technologies, the world’s largest privately-controlled technology company, celebrates the first anniversary of its formation through the historic merger of Dell and EMC. In its inaugural year, the company formed a unified Dell and Dell EMC salesforce and created a $35 billion Dell Technologies channel and global channel program that added 10,000 new business customers […]
GFC/Net rebrands to Global Communication Partners
Shirley Collyer, Lansons, appointed Chair Global Financial Communication Network, the global network of specialist financial communications agencies, has rebranded as Global Communication Partners (GCP). At the same time, Shirley Collyer has been elected Chair. Shirley is partner and board director of Lansons, the UK partner of GCP. Borouj Consulting is GCP’s partner in the United […]
UberPITCH Returns to Saudi Arabia to Help Foster Innovation and Entrepreneurship
Following the success of the UberPITCH campaign in 2015 and 2016, which last year saw 12 entrepreneurs across the region secure sponsorship from Uber for the ArabNet Digital Summit, Uber has today announced the launch of UberPITCH 2017, in partnership with ArabNet, a pan-regional campaign that spans across 5 countries and 8 cities, and which […]
TP-LINK to Raise Awareness of Its Products in The SMB Market in Middle East and Africa
TP-Link Technologies Co Ltd, a global provider of SOHO, SMB networking products and wireless LAN solutions, has announced a plan that will see it help channel partners to raise awareness of its SMB products and solutions in the Middle East and Africa (MEA) market. According to the vendor which manufactures a broad range of products […]
Empower joins hands with Al Ansari Exchange to facilitate District Cooling bills payment service
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider has signed an agreement with Al Ansari Exchange, the UAE’s leading money exchange network that provides foreign exchange and worldwide money transfer services, to facilitate consumer payment of Empower’s district cooling bills through the branches of Al Ansari exchange. The agreement was […]
90 Percent of CIOs to Invest in Internet of Things by 2019
With 90 percent of organizations investing in the Internet of Things by 2019, business transformation enabler SAP will showcase how the Internet of Things can drive Middle East digital business competitiveness at GITEX Technology Week 2017. By 2025, research firm IDC predicts there will be 80 billion Internet of Things devices worldwide, enhancing productivity, efficiency, […]