Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
BlackBerry and VoxSmart Partner to Help Financial Services Firms
BlackBerry Limited and VoxSmart, leading mobile surveillance and compliance firm, are announcing today the companies have partnered to help financial services firms comply on time with the European Union’s Markets in Financial Instruments Directive (“MiFID II”). With BlackBerry UEM (Unified Endpoint Management), which connects and manages endpoints, VoxSmart’s patented technology VSmart™ will provide financial services […]
Wadi – a year on since Series A funding
Wadi, the leading eCommerce site in KSA and UAE, marks its first anniversary since receiving $67m Series A funding. The online-oasis reports on key statistics, 100% year-on-year growth, what 2017 holds for the business being at the border of an operational break-even. Last year, Wadi was the largest Series A round among tech start-ups in […]
Quisk Middle East and Network International Offer Innovative Digital Payment Solution
Quisk Middle East, a global provider of digital payment services and solutions, is set to launch its all-new banking payment platform in the UAE, to be applied at all of Network International’s points of sale across the country.Backed by the Smart Dubai Government Establishment (SDG), Quisk Middle East had been developing this new generation of […]
Study: 99% of all Islamic websites to do not capture the youth’s interest.
A Study conducted by W7worldwide, a consultancy agency for strategies and media, stated that 99% of Islamic websites do not attract of capture the interest of the new generation siting that less than 1% use specialized themes that are attractive enough for the youth of today’s generation. The study covered 57 Arab in Muslim countries […]
Middle East firms invested $10 billion in System Integration in 2016
The System Integrators (SI) services market in the Middle East and Africa was valued at US$10.34 billion at the end of 2016, following a five-year growth spurt during which the market increased by a Compound Annual Growth Rate (CAGR) of 8.87%, posing huge opportunities to bring solutions to new sectors according to STME, the Middle […]
Empower launches Bills payment facility through Emirates NBDATM/CDMs
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, launched payment facility for its customers through Emirates NBD (ENBD) bank’s ATMs and CDMs across the country. The new service is part of wider customer relation management (CRM) initiatives now being implemented by Empower. The new service will allow Empower’s more than […]
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KPMG report: GCC banking sector remains resilient in challenging times
The GCC’s banking sector’s overall outlook is positive according to KPMG’s GCC listed bank results report, which analyses the published 2016 financial statements of 56 leading listed commercial banks across GCC. The report, which covers over 90 percent of the region’s listed banking assets, indicates that banks have performed well over the last 12 months […]
Panasonic Announces Environment Vision toward 2050
Panasonic, a global technology leader, announced its new long-term environment vision called “Panasonic Environment Vision 2050” on World Environment Day. The new vision will guide the Panasonic Group to practice environmentally sustainable management toward 2050. Panasonic Environment Vision 2050 aims to achieve “a better life” and “a sustainable global environment,”. Panasonic will create more and […]
Everest Group Names IPsoft the Top Leader in IT Operations Automation
IPsoft, the leading digital labor company, today announced that it has been recognized as the top “Leader” in IT operations automation as determined by Everest Group’s “IT Operations Automation – Market Update and PEAK Matrix™ Assessment for Products” 2017 report. The PEAK Matrix assesses the relative market success and overall capability of technology providers across […]
Sage bolsters commitment to Partners, Accountants & Alliances as Jennifer Warawa appointed to new global leadership role
Sage has appointed Jennifer Warawa as the EVP of Partners, Accountants, and Alliances, reporting to President Blair Crump. Warawa is a ten-year veteran of Sage and an accountant by trade. In her new role, she will take responsibility for leading the tech company’s network of partners and accountants as they grow their businesses with Sage, […]
Bee’ah launches new tech company EVOTEQ at SAP Innovation Day
Bee’ah, Sharjah’s pioneering environmental management company, has announced the launch of a new company, EvoTeq, and signed two new business agreements in its quest to deliver innovative tech-based solutions to combat pressing issues faced by the region. The signing ceremonies and announcements took place during Bee’ah’s participation in the SAP Innovation Day, taking place at […]
SAP Unveils Live Business and Expands Google Partnership at SAPPHIRE NOW
SAP SE (NYSE: SAP) announced it has harnessed its digital core, bold technologies of the future and its expertise in ERP to help customers make everything digital, programmable, smarter. SAP’s commitment to an open ecosystem and strong partnerships will be key for the cloud-based intelligent enterprise, seen as a cornerstone for the new global economy. […]
SAP to Build Skills and Knowledge Worth USD 100 Million By 2022 to Support Middle East Youth Job Creation
During the World Economic Forum on the Middle East and North Africa, global digital transformation enabler SAP announced it will build skills and knowledge among young talents worth USD 100 million by 2022. The program for the World Economic Forum, which runs from 19-21 May, is centered on public-private partnerships driving economic growth in the […]
Dell Technologies Unveils Venture Arm Formerly in Stealth —
Dell Technologies, the world’s largest privately-controlled technology company, today brings out of stealth its venture practice, Dell Technologies Capital. Since its inception a few years ago, Dell Technologies Capital has been an active investor in more than 70 early-stage startups, with the mission of helping founders and their teams develop innovative technology solutions and bring […]
Sage Announces Partnership with First BIT in UAE
Sage, the market and technology leader for integrated accounting, payroll and payment systems, has appointed First BIT as an authorized partner for distribution of the Sage 300 business management solution and Sage 50 Accounting in UAE. First BIT helps customers transform business processes through comprehensive business automation solutions and a full range of IT-related services. […]
Etisalat AGM approves 80 fils per share dividend for 2016
Etisalat’s shareholders today backed the board’s recommendation to pay full 2016 dividends of 80 fils per share during the annual general meeting held at the company’s headquarters in Abu Dhabi. Key Financial and Developments Highlights for 2016 Aggregate subscriber base reached 162 million. Consolidated revenues amounted to AED 52.4 billion and increased year over year […]
Empower supports Emiratisation efforts by attracting young Emirati talents
Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, has stated that Emiratisation and attracting young Emirati talents were and will be an integral part of the company’s strategy for the upcoming years. Empower supports the efforts of the government, to provide the right platforms to communicate with the national cadres from the universities […]
Global research shows tech savvy businesses grow, differentiate, compete and flex better when they commit to technology
According to new research almost a third of small business who commit to technology show demonstrable growth. The whitepaper launched today and titled ‘Tech-Savvy Businesses do it better’ was commissioned by market and technology leader in cloud accounting, Sage, and conducted by IDC. With over 1 million new customers following Sage to the cloud in […]
Qatar Fuels Global Future Cities Market Doubling to 2020
Qatar is fueling the doubling of the global Future Cities market to USD 758 billion by 2020, experts announced today ahead of the Arab Future Cities Summit. “Worldwide, Qatar is a leader in fostering Future Cities, with Qatar National Vision 2030 guiding national digital transformation. Sharing information in real-time is delivering new levels of efficiency […]
Transformation of SME Sector to be reviewed at The Saudi Euromoney Conference 2017
While all eyes are on the potential impact of major listings in the Kingdom of Saudi Arabia, such as the much-anticipated Saudi Aramco IPO, long-term transformative change is likely to come from the small business sector, according to senior experts set to speak at The Euromoney Saudi Arabia Conference 2017. Saudi Arabia will see the […]
SES Shareholders Approve All Resolutions at Annual General Meeting
SES (Euronext Paris:SESG) (LuxX:SESG) held its Annual General Meeting (AGM) today in Betzdorf, Luxembourg. The shareholders approved all proposed resolutions, notably the company’s 2016 accounts and the proposed dividend of EUR 1.34 per A-share, which will be paid to shareholders on 26 April 2017. Shareholders elected Kaj-Erik Relander, entrepreneur and independent advisor to different investment […]
Sony Middle East & Africa to grow volume of business by 20% in 2017
Driving Sony MEA’s strategy, new managing director Taro Kimura will achieve this vision through new product launches and a refreshed business development strategy that will place the company and its business partners in a strong position to gain market share in the company’s focus categories, which are television, digital imaging and audio products. Sony MEA […]