Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
PitStopArabia.com Attracts Mitsubishi Corporation as a Strategic Investor
–(AETOSWire)–PitStopArabia.com, the leading online tyre retailer in UAE, announced today the completion of investment with Mitsubishi Corporation (MC). MC now becomes a strategic partner and a shareholder in the company. The investment is a significant milestone for PitStopArabia.com and is aimed at bolstering their market leadership and growing their foot print regionally. “The decision to […]
Future Government Drives Bahrain’s IT Market to BHD 70 Million by 2021
Future government and digital transformation are driving Bahrain’s IT market to reach a record-high of BHD 70 million by 2021, the newly appointed Country Manager of SAP Bahrain announced today. In line with Bahrain Economic Vision 2030 to foster economic diversification, organizations are increasingly digitally transforming, especially with real-time software to transform citizen and […]
AURAK signs an MoU with AAA
–(AETOSWire)– The American University of Ras Al Khaimah (AURAK) President, Professor Hassan Hamdan Alalkim, and the General Secretary of the Accountants and Auditor’s Association (AAA) in United Arab Emirates, Mr. Salim Saeed Naser Al-Esaei, entered into a memorandum of understanding during a signing ceremony. In the memorandum the institutions agreed to collaborate in providing professional […]
du Celebrates UAE’s Entrepreneurial Spirit as Silver Partner at 2019 SME Expo
du, from Emirates Integrated Telecommunications Company (EITC), is delivering innovative solutions to power the UAE’s SMEs, as a Silver Sponsor at the 2019 SME Expo. Taking place at the Abu Dhabi National Exhibition Centre, du utilised the two-day event to share how its leading technology and bespoke solutions can be applied to inspire SME businesses […]
Shop discounts ranging from 10% to 70% on selected categories, including Supermarket, Home & Kitchen, and Electronics
SOUQ is bringing shoppers the best deals just in time for the month of giving. SOUQ announced that it will be offering an array of deals for customers to enjoy discounts from 10% to 70% during the Holy Month of Ramadan. Saleem Hammad, General Manager at SOUQ.com in KSA said: “Ramadan is a very […]
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Wahed Becomes the First Globally-Accessible Halal Robo-Advisor
-(BUSINESS WIRE/AETOSWire)– Wahed Inc. (“Wahed”), the parent company of Wahed Invest LLC, the first halal robo advisor in the United States, today announces it is expanding its operations globally. The platform, which was previously available only to US and UK communities, now provides access to Islamic value-based investing to residents of over 130 countries […]
A Decade in Saudi Arabia for Dewan Architects and Engineers
(AETOSWire): Celebrating ten successful years in Saudi, Dewan Architects + Engineers commences expansion drive with a focus on delivering expertise to support Saudi Vision 2030. As leaders in the Middle East’s flourishing architectural and engineering design sector, Dewan Architects + Engineers were quick to recognise that Saudi Arabia was a key market for them. The […]
International Experts Commend Riyadh’s Lifestyle Transformation Projects
(AETOSWire): A panel of prominent International experts from various academic and professional fields convened yesterday to discuss Riyadh’s USD23 billion investment in the recently announced 4 Grand Projects that will transform the city and improve the wellbeing of millions of citizens in the capital city. The Subject Matter Expert (SME) Forum took place at the […]
AETOSWire and RoadSafetyUAE Join Hands Again to Promote Road Safety Awareness Campaign for Ramadan 2019
AETOSWire, a leading innovative press release distribution company in Middle East and Africa, and RoadSafetyUAE, an initiative that ultimately aims to bring about safer roads in the region, cooperate once more in promoting the Road Safety Awareness Campaign for this year’s Holy Month of Ramadan. This year’s campaign will build on the success achieved by […]
SAP Appoints Mohammed Al Khotani as Managing Director of Saudi Arabia
Global technology company SAP has appointed Mohammed Al Khotani as the new Managing Director of SAP Saudi Arabia, in order to enable Saudi Vision 2030’s cloud-based economic growth, Smart Cities, and Intelligent Enterprises. Saudi Arabia’s organizations are digitally transforming into Intelligent Enterprises that can store, manage, and analyze data on the cloud from […]
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RIOT Teams up with Pink Caravan for The RIOT WOMEN’S CLUB SERIES – The Extra Edition
RIOT – the online boutique for pre-loved fashion must-haves, on-trend essentials and timeless classics – gathered together Dubai’s empowered women for ‘The Extra Edition’, the second session of THE RIOT WOMEN’S CLUB SERIES, at Ramusake Dubai on Tuesday, April 30th. ‘The Extra Edition’, in partnership with Pink Caravan, celebrated the fearless women of the world […]
SWIFT extends integrated payments toolkit
SWIFT announces the launch of an ‘in-flight’ payment investigation and resolution service, available in the cloud, in a significant expansion of its network-wide payments validation toolkit. The new capability allows for dynamic query handling between banks on the SWIFT network, enabling them to quickly resolve instances in which required operational, regulatory or compliance information is […]
Dell Technologies Cloud Accelerates Customers’ Multi-Cloud Journey
Dell Technologies (NYSE:DELL) today is unveiling Dell Technologies Cloud, a new set of cloud infrastructure solutions to make hybrid cloud environments simpler to deploy and manage. Combining the power of VMware and Dell EMC infrastructure, Dell Technologies Cloud removes cloud complexity by offering consistent infrastructure and operations for IT resources, across public and private clouds […]
Western Union Digital Expands Across Middle East: Seven Countries Now Live Including Enhanced Services in UAE
(BUSINESS WIRE/AETOSWire)– The Western Union Company’s global digital money-moving capabilities are making significant headway across the Middle East, with seven countries now offering online services, connecting customers to their families and loved ones around the world digitally with the choice to pay for transactions online or in person. The United Arab Emirates was enhanced with the latest generation of […]
Forbes Recognizes Gulf Medical University as ‘Best Medical University in the Region’ At Higher Education Awards 2019
(AETOSWire): Gulf Medical University (GMU), Ajman, the leading medical university in the Middle East region has been recognized as the ‘Best Medical Education University’ at the prestigious Forbes Middle East Higher Education Awards 2019 held to honor the region’s best universities at the Taj Dubai on 24th April 2019. The award was received by Prof. […]
MHPS announces National Program for Saudi Arabia with a new manufacturing facility at its core
MHPS Saudi Arabia, Co., a subsidiary of Mitsubishi Hitachi Power Systems, Ltd. (MHPS), today announced the launch of the MHPS National Program for Saudi Arabia, heralding a pivotal moment for both the energy and manufacturing sectors in Saudi Arabia. While MHPS has been a long-term partner in the energy sector in KSA, the National Program, […]
Capillary Technologies Achieves AWS Digital Customer Experience Competency Status
Capillary Technologies, announced today that it has achieved Amazon Web Services (AWS) Digital Customer Experience Competency status. This designation recognizes that Capillary provides proven technology and deep expertise to help its ‘Digital Customer Experience’ customers by providing end-to-end solutions for all phases of the digital customer acquisition and retention life cycle. The lifecycle includes marketing […]
Digital Transformation: Phoenix Contact Creates New Platforms, Alliances and Partnerships
(AETOSWire): Phoenix Contact achieved sales of EUR 2.38 billion in 2018 with sales growth of 8%. At the same time, the number of employees increased to 17,400 worldwide. “From a global perspective, we had very good growth figures in the markets, but had to accept negative currency effects,” says CEO Frank Stührenberg. “In Germany, still […]
Huawei Announces Q1 2019 Business Results
Huawei announced its business results for the first quarter of 2019. In Q1 of this year, Huawei generated CNY179.7 billion in revenue, an increase of 39% year-on-year. The company’s net profit margin in Q1 2019 was about 8%, slightly higher than the same period last year.[1] Huawei maintained its focus on ICT infrastructure and […]
Middle East and North Africa Software Spend Tops USD 6 Billion
The digital transformation of the Middle East and North Africa (MENA)’s small- and medium-sized enterprises and Smart Cities is driving regional software spend to top USD 6 billion, industry experts announced today. The MENA region is a fast-growth market for digital transformation, as organizations look to gain greater business agility, better understand customer needs […]
Sharp increase in MENA corporations connecting to SWIFT
SWIFT announces today that its corporate treasury user community in the Middle and East North Africa grew by more than 30 percent in 2018. The ambition for 2018-2021 is to more than double the number of corporates using SWIFT for treasury operations. “SWIFT for Corporates” has been supporting corporate treasurers achieve treasury efficiency since […]
Department of Urban Planning and Municipalities and Smart Crowd Holdings Ltd. sign MOU at Cityscape Abu Dhabi
The Department of Urban Planning and Municipalities have entered into a Memorandum of Understanding (MOU) with Smart Crowd Holdings Limited on April 16th, 2019 in the presence of His Excellency Mohamed Al Khadar Al Ahmed, Executive Director of Strategic Affairs Sector, at Cityscape, Abu Dhabi’s largest real estate exhibition. Smart Crowd is an innovative real […]