Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Tally Solutions’ brings its successful event SMB Pulse to Ajman, aims to assist small and medium enterprises in accelerating growth
Tally Solutions, a leading international accounting and compliance software provider, brings its successful event SMB Pulse to Ajman. 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 to enhance operational […]
Alteryx Amplifies the Thrill of Gaining Data-Driven Insights Across the Middle East and Africa
April 19, 2019—Alteryx Inc. (NYSE: AYX), revolutionizing business through data science and analytics, today announced it is expanding its footprint in the Middle East and Africa (MEA) with the opening of its new office in Dubai. Located in Dubai Internet City, the Alteryx MEA office was officially opened by Dean Stoecker, chairman and CEO of […]
Google is Saudi Arabia’s Most Influential Brand, According to Ipsos Survey
Ipsos in KSA has announced the results of its “Most Influential Brands” survey, conducted for the first time in Saudi Arabia. The study measured consumer perceptions towards 120 leading National, Regional, and Global brands in terms of their influence on people, based on a comprehensive list of attributes. This survey is part of an annual […]
Saudi Women On The Road To Vision 2030
Over the last two years, Saudi Arabia has been going through a groundbreaking period of transformation that is focused on diversifying its oil-dependent economy, and that has improved the rights and mobility of the Kingdom’s women. To mark this milestone phase in the country’s history, lifestyle portal AboutHer has created The AboutHer Global Forum (AGF), a platform […]
Turkeyol: The Volume of Trade Between the Middle East and Turkey Has Surpassed 40 Billion US Dollars
–(BUSINESS WIRE/AETOSWire)– The figures provided by e-commerce platform Turkeyol indicate that the volume of trade between the Middle Eastern countries and Turkey grew by 25% in the last decade to 42,913 million US Dollars. The largest growth of trade volume was recorded with Iraq with 141%, followed by Yemen with 105%, Jordan with 97% and […]
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Feature: SAS and Saudization
Countries with sizeable populations are often tasked with converting their human resources, traditionally seen as a liability, into an asset. The key here is to convert as high a percentage of this population into socio-economically performing and contributing members of society. The Kingdom of Saudi Arabia has outlined exactly this principle in ‘Vision 2030’ – […]
Tally Solutions’ brings its successful event SMB Pulse to Ajman, aims to assist small and medium enterprises in accelerating growth
Tally Solutions, a leading international accounting and compliance software provider, brings its successful event SMB Pulse to Ajman. 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 to enhance operational […]
Kuwait Finance House Chooses IDEMIA’s Technology for the Country’s First Metal Payment Card
IDEMIA, the global leader in Augmented Identity, is delighted to announce its partnership with Kuwait Finance House (KFH) to offer the first metal payment card in the country. This full-metal-card is the most premium product of the IDEMIA Smart Metalrange. Long considered a pioneer in Shar’iah compliant banking and one of the foremost Islamic financial institutions […]
Tally Solutions encourages businesses with a threshold of BHD 18,750to voluntarily register for VAT
Businesses in Bahrain whose value of supplies in the previous 12 months exceeded BHD 37,500 or whose value of supplies in the next 12 months will exceed BHD 37,500 are mandated to obtain a VAT registration as stated by Tally Solutions – a leading international accounting and compliance software provider. The mandatory registration threshold under […]
YORK Invests SAR 6 Million in the Saudi Youth
The MoU is in line with Vision 2030 and the National Transformation Program 2020 CEO of Al Salem Johnson Controls (YORK), Dr. Mohanad Alshaikh, recently revealed the signing of a Memorandum of Understanding with the Technical and Vocational Training Cooperation in the Makkah Region, worth SAR 6 million. This comes as a part of the […]
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Finastra and Mashreq Bank team up to rethink the future of corporate banking
one of the leading financial institutions in the UAE, recently came together in Dubai, for a unique one day workshop around the future of corporate banking. Over 40 bank customers and participants, including CFOs and SVPs from the telecommunications, utilities and transportation industries, took part in the conversations to identify challenges that face the industry, […]
Mitsubishi Hitachi Power Systems (MHPS) showcases cutting-edge power changing technologies reshaping how energy is generated in Kuwait
In an impressive display of Japanese technological advancement and efficiency and Kuwaiti far-sightedness and ambition, Mitsubishi Hitachi Power Systems, Ltd. (MHPS) held an advanced technology seminar on April 8 in Kuwait City, centered on gas turbine combined-cycle power generation systems. The increasing demand for electricity, the desire to introduce natural gas as the fuel of […]
Under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum and presence of HH Sheikh Saif bin Zayed Al Nahyan – Annual Investment Meeting opens today
Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai and in the presence of HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, the Annual Investment Meeting (AIM) 2019 opens today. The 9th edition of the world’s […]
UAE ranks first in the region representing 36 percent of the total FDI flow to the Arab countries
H.E. Eng. Sultan Bin Saeed Al Mansoori, UAE Minister of Economy stated that the UAE has maintained its position as a regional and international destination for foreign direct investment, ranking first among the Arab countries to attract Foreign Direct Investments (FDIs) since past five years. The country attracted about 10.35 billion dollars in 2017, representing […]
UAE home to over 67 fintech startups in Middle East
Latest figures by Bloomberg Intelligence revealed that the UAE has topped the list of countries in the Middle East with the highest number of financial technology (fintech) startups to date at 67. The UAE was followed by Turkey at 44 and Jordan and Lebanon at 30 each. Overall, the number of fintech startups in the […]
AIM Startup states that young companies provide 50 percent of all new jobs
Several reports reveal that startups generate significant employment opportunities globally, helping drive immense economic growth prospects. Startup firms and other young companies provide around 50 percent of all new job prospects in the market with seed stage and those operating for two and a half years hiring an average of 12 workers. The role of […]
Annual Investment Meeting 2019 to host strategic sessions to draw foreign direct investments
The organizing committee of the Annual Investment Meeting 2019, has completed the preparations for the upcoming event, which will be held from 8th to 10th of April in Dubai. More than 20,000+ corporate leaders, policy makers, businessmen, regional and international investors, entrepreneurs, leading academics, experts, and stakeholders from over 140+ countries from Europe, North America, […]
UAE’s intelligent transportation system sector to witness 9.2 percent CAGR during 2017-2023:
The UAE’s intelligent transportation system market is seen to experience a compound annual growth rate (CAGR) of 9.2 percent during 2017-2023. An industry report released by Research and Market showed that the segment is poised for healthy growth within the covered period due to a number of factors, among which is the rising local demand […]
Annual Investment Meeting underlines digital as a key sector for drawing FDI
Digital and software are seen as the key industries to attract Foreign Direct Investments (FDIs). In addition, small and medium enterprises (SMEs), education, health care and hi-tech industries, are other industries that will boost the growth of FDIs. In the UAE, these sectors along with other priority sectors will witness a 15-20 per cent increase […]
Smart cities predicted to deliver more than USD 20 trillion in additional economic benefits by 2026
Findings of a report titled ‘Role of Smart Cities for Economic Development’ estimate that the smart city concept has the potential to boost the economic development of global cities by over 5 percent and deliver at least USD 20 trillion in additional economic benefits by 2026. The numbers were released as discussions on the economic […]
Saudi Students Inspire Evolution of Darisni
The needs of students in Saudi Arabia have inspired Darisni, the region’s first smart-device platform that instantly connects students with qualified tutors, to revise its offering in order to better meet its users’ needs. This has resulted in the platform’s expansion, including new subjects, exclusive video content, mock tests, and more. There are more than […]
UAE is the world’s top hot-spot for hundreds of startups followed by New Zealand, Singapore, Norway, Germany, Japan and Sweden
Studies indicate that the UAE is the world’s top hot-spot for hundreds of startups followed by New Zealand, Singapore, Norway, Germany, Japan and Sweden. It is observed that startups in the country are mainly involved in e-commerce, marketplaces, and infrastructure/software as a service, which account for 69 per cent of the total number of startups. […]