Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
New Research Asks Investors to Rate Saudi Corporate Leadership for Future Readiness to Adapt to Economic Disruption and Transformation Needs
are calling for a new kind of corporate leadership style to better prepare organizations to navigate uncertainty, disruption and transformation affecting virtually all sectors of the Saudi economy, according to results of the new Korn Ferry (NYSE: KFY) global research study. The new “Self-Disruptive Leader” study surveyed 795 investors globally, including 50 Saudi investment analysts […]
AliExpress Anniversary Sale Brings Excellent Quality Products for Almost Half the price to Saudi Arabia
During the AliExpress Anniversary Sale, consumers will be able to shop from over 100 million products on the online portal and its app at up to 50% discount on offer. The AliExpress Anniversary Sale also brings an improved shopping experience to the buyers in Saudi Arabia by indulging them with multiple shipping and delivery […]
Dubai’s most exciting marketing brand Entourage expands in Saudi Arabia
After a series of new business acquisitions, performing ahead of the market and marking a successful year in 2018, the most exciting live marketing agency in Dubai has set its sights on Saudi Arabia with ambitious expansion into the Kingdom. “This is the year of Saudi”, said entourage marketing and events chief Mohammed Tayem. “In […]
SAS Recognized at Arab Best Awards 2018 for the ThirdConsecutive
Alaa Youssef, Managing Director – Middle East atSAS, was awarded the Arab Best Award for the thirdyear in a row. Held atMarriott Charles de Gaulle in Parison the 17th of March, Alaa was amongst 100 CEO’s awarded at the ceremony. Established in 2016, the Arab Best Award lauded leaders across three core categories – Arab […]
The Arab Monetary Fund (AMF) Organizes High Level Conference on Fostering Regional Financial Integration through Cross-border Payments
The Arab Monetary Fund (AMF) is hosting a High-Level conference on “The Role of Cross-Border Payments in Fostering Regional Financial Integration” on the 27th and 28th of March 2019,at the Intercontinental Hotel in Abu Dhabi, United Arab Emirates. This two-day event, organized in collaboration with the Deutsche Gesellschaft fürInternationaleZusammenarbeit(GIZ)GmbH, will gatherspeakers and industry […]
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Simple holding company is the most widely used holding structure by Saudi family offices and UHNWIs, Jersey Finance research finds
:Jersey Finance, the body that represents and promotes the award-winningJersey IFC, recently hosted an event at the British Consulate in Jeddah as part of its effortsto broaden and deepen its relationships with key stakeholders and clients in the Kingdom of Saudi Arabia. During the event, Jersey Finance launched its latest whitepaper, in collaboration with law […]
Start-ups in the UAE account for 88 percent of whole deal value of the region
UAE start-ups secured USD 31.36 million in investments which account for 88 percent of the whole deal value of the region. Local Services, Ecommerce & Financial Services are the top three industries accounting for 44 percent of the entire deal count. In addition, logistics (9.3 percent), software (7.1 percent), media (4.6 percent), education (4.6 percent) […]
Hawkamah announces the appointment of Board Chairman Dr Ahmad Al Shaikh and a new Board member
–The HawkamahInstitute for Corporate Governance announced thatHE Dr Ahmad Al Shaikh has been elected as the Chairman of the Hawkamah Board, replacing outgoing Chairman HE Hamad Buamim.Alya Al Zarouni, Executive Vice President of Operations at Dubai International Financial Centre (DIFC) Authority, hasbeen appointed as a member of the Hawkamah Board. Commenting on the appointments, Dr […]
Driving A Collective Vision Between Finance And Tech Is Key To Promote Gender Parity
, (AETOSWire): ACCA (the Association of Chartered Certified Accountants)brought together senior finance leaders from across the UAE to discuss the need to drive a collective vision when looking at women in finance and technology in order to close the gender gap. In line with the association’s historical commitment, ACCA was the first professional accountancy body […]
Refinitiv MENA Financial Crime Survey Reports Increased Investment in Compliance Function and Growing Reliance on Regulatory Technology
Refinitiv today released the findings of its fifth MENA Financial Crime Report featuring new compliance and regulatory trends across the Middle East and North African markets. The findings featured five key themes including growing interest in technology, personal liability as a regulatory risk, increased anti bribery and corruption regulation activity, emergence of ambitious new compliance […]
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Dubai ranks first globally in attracting foreign direct investments (FDI) for artificial intelligence and robotics
Dubai ranked first globally in attracting foreign direct investments (FDIs) for artificial intelligence and robotics; while the UAE ranked sixth in the global Smart Service Index, surpassing the US, UK and South Korea. The Emirate has attracted from 2015 to 2018 $21.6 billion worth of FDI in high-end technology transfers, with the most from the […]
Huawei reveals its toolkit for simpler digital transformation
Huawei, a leading global provider of ICT infrastructure and smart devices, showcased its portfolio of AI-driven products and solutions at the Gartner Symposium in Dubai. The solution provider’s digital platform combines pervasive connectivity, AI, cloud, storage, IoT and other emerging technologies to simplify digital transformation, ultimately helping organizations and governments meet the needs of citizens […]
Corporate innovation festival fuels startup growth across MENA region
“You have a government here who is willing and able to help you succeed” said Excellency Khalid Al Rumaihi (Bahrain), Chief Executive of the Bahrain Economic Development Board (EDB) as part of his opening remarks at leading innovation festival Unbound Bahrain which took place in Manama, Bahrain this week. The event took place in conjunction […]
SWIFT launches DLT e-VotingPoC
SWIFT today announces aproof-of-concept (PoC) on e-Voting, using distributed ledger technology (DLT)to provide a more efficient and transparent management of the proxy voting process for shareholder meetings. SWIFTis conducting thePoC with leading securities software provider SLIB and the Singapore Exchange (SGX), along with Deutsche Bank, DBS, HSBC and Standard Chartered Bank. The PoC will explore […]
Derayah Financial Is Awarded the Best Brokerage Company in Customer Service and Best Trading Platform
In recognition of its pioneering role in providing the best services to its customers, Derayah Financial was honored for the second time in a row, in the survey conducted by the readers of “Argaam financial portal”, for “Best Brokerage Company” in terms of customer service and “Best Trading Platform”, as part of “Argaam Recognition Awards”. […]
Huawei Sues the U.S. Government for Unconstitutional Sales Restrictions Imposed by Congress
, Huawei announced that it has filed a complaint in a U.S. federal court that challenges the constitutionality of Section 889 of the 2019 National Defense Authorization Act (NDAA). Through this action, Huawei seeks a declaratory judgment that the restrictions targeting Huawei are unconstitutional, and a permanent injunction against these restrictions. “The U.S. Congress has […]
Atkins Opens New Office in Riyadh to Support Business Growth in Saudi Arabia
—(AETOSWire)–Atkins inaugurated its new office in Riyadh to drive its expansion in Saudi Arabia, by increasing resources for existing clients and developing new opportunities for growth. Atkins is one of the world’s most respected design, engineering and project management consultancies. The inauguration was well attended by Steve Graham, Head of Department of International Trade at […]
Nearly Two-Thirdsof Saudi Arabia’s IT Decision-Makers See Cloud Cost Savings
Saudi organizations are increasingly moving to the cloud for cost savings, with nearly two-thirds (62 percent) of IT decision-makers in the Kingdom saving costs on the cloud, according to new research from YouGov. Many Saudi organizations – especially small- and medium-sized enterprises – use traditional on-premise technology infrastructure, which presents business challenges. Organizations are […]
DMS and Google Co-Host a Specialized Programmatic Event for MENA Advertisers
Digital Media Services (DMS) – the digital arm of Choueiri Group collaborated with Google on Wednesday, February 20, 2019 to host a specialized half-day (3 – 6:30 pm) event at the DMS offices in Dubai. As a leading programmatic player in MENA, DMS’ portfolio brings together high quality inventory from Arabic and international broadcasters, […]
Data Analysis: The Foundation of a Transformed Customer Experience
In a competitive marketplace, telcos are at the forefront of a revolution – using customer data as a way to delight those very same customers with a great experience. Shukri Dabaghi, Vice President – Middle East & Eastern Europe, SAS, elaborates on how telcos can not only build their data ‘cake’, but eat it too! […]
Akamai and MUFG Announce Joint Venture for Blockchain-Based Online Payment Network
Akamai Technologies, Inc. (NASDAQ: AKAM), the intelligent edge platform for securing and delivering digital experiences, and Mitsubishi UFJ Financial Group (NYSE: MUFG), one of the world’s leading financial groups, today announced an expansion of their relationship through the establishment of a joint venture, the Global Open Network, Inc. (GO-NET) and their plans to offer a […]
BICSI MEA Breakfast Club Highlights Strategies for Preparing Cabling Networks for Future Intelligent Buildings
BICSI, the global association leading the advancement of the information and communications technology (ICT) community, hosted the BICSI MEA Breakfast Club at Dubai World Trade Center on 14 February, 2019. BICSI members and other ICT professionals including architects, consultants and engineers attended the networking event to share experiences and expertise on preparing network infrastructure systems […]