Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
World Health Day: Expert psychologists urge parents to keep a look out for depression signs in children
In support of the 2017 World Health Day theme, Depression: Let’s talk, Clinical Psychologists, Dr Eve McAllister and Dr Daniel Stark from Great Ormond Street Hospital for Children (GOSH) are calling for parents to be aware of the signs and symptoms of depression in children. According to the World Health Organisation, depression is the leading […]
Middle East Retail Banking Confex concludes its 12th edition
The Annual Middle East Retail Banking Confex successfully concluded its 12th edition today at The Le Meridien Hotel Dubai. The event hosted more than 200 delegates from leading Regional, International Retail Banks, Fintech companies, and service providers, coming together to deliberate on the region’s evolving retail banking landscape. The Middle Eastern retail banking industry today […]
Gulf Capital Steps Up Investments in Technology and Ecommerce in the GCC
Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, today announced that it has deployed over half a billion dirhams (over AED 500 million) to date in technology and ecommerce investments across the GCC, making it one of the largest technology investors in the region. The Firm has […]
Knowledge+™ provides Saudi leaders the skills to lead their own communications teams
Leading public relations and communications agency Hill+Knowlton Strategies (H+K) has launched Knowledge+™, a communications training academy created as a solution to the talent development needs of the Middle East and North Africa region. Bridging the skills gap through skills transfer, Knowledge+™ is targeted primarily at nationals in response to the commitment by governments to drive […]
World Bank Group Report issued on day two of Annual Investment Meeting (AIM 2017)
As part of the Annual Investment Meeting (AIM 2017) being held at the World Trade Center in Dubai, World Bank Group (WBG) issued today (Monday, 3rd April, 2017), a global report discussing the relevance of foreign direct investments (FDI) across the world. The new report presented ideas and explanations on the best methods to achieve […]
AIM Startup challenge showcased 25 outstanding pitches on its 2nd day
The first edition of AIM Startup 2017, which is organised in conjunction with the seventh edition of the Annual Investment Meeting (AIM), showcased many start up projects from participants from so many countries in the world. Nano particle analytics, delivery robots, agro business technology, renewable products, edtech, fintech, biotech, innovative web portals and apps for […]
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Coinciding with Global Money Week, “Riyali” ready to launch “Rowad Riyali” Program for Entrepreneurs
Riyali, SEDCO Holding Group’s flagship Corporate Social Responsibility (CSR) program, is ready to launch its new program “Rowad Riyali” dedicated to entrepreneurs, in celebration of the “Global Money Week,” to address further the need to educate the Saudi population on financial literacy and empower people with personal financial skills required to achieve a prosperous life. […]
Coinciding with Global Money Week, “Riyali” ready to launch “Rowad Riyali” Program for Entrepreneurs
Riyali, SEDCO Holding Group’s, flagship Corporate Social Responsibility (CSR) program is ready to launch its new program “Rowad Riyali” dedicated to entrepreneurs, in celebration of the “Global Money Week”, to further address the need to educate the Saudi population on financial literacy and empower people with personal financial skills required to achieve a prosperous life. […]
EUROSTAR Group showcased leading Smart Convergence solutions at CABSAT 2017
EUROSTAR Group, the leading digital and consumer technology innovator in the Middle East, has created a unified gateway of satellite, security and digital solutions in the region. Partnering with some of the leading digital solution providers in the world, EUROSTAR presents a regional Smart Convergence of satellite, security and WiFi solutions in the Middle East. […]
Middle East to Post USD 400 Million Storage Growth to 2025
Middle East organizations will drive new digital business models by leveraging the USD 400 million growth in data storage to 2025, industry experts announced today. The Middle East’s storage market will grow from USD 1.5 billion in 2014 by 14 percent CAGR to 2025, according to a recent report by Future Market Insights. Supporting Digital […]
Egypt’s recent economic reforms top the agenda at the SWIFT Business Forum Egypt
SWIFT, a global provider of secure financial messaging services, brought together almost 200 representatives from the Egyptian banking and financial sector in Cairo, Egypt, for the SWIFT Business Forum Egypt to discuss the pressing challenges of cyber threats, de-risking, and compliance. Tarek Fayed, Sub-Governor, Central Bank of Egypt, gave the keynote speech and stressed that […]
Day one of AIM Startup 2017 showcases innovative big and small projects
The inaugural edition of AIM Startup, organised in conjunction with AIM 2017, commenced today on Sunday, April 2nd in Dubai World Trade Centre. The new initiative witnessed a prolific gathering of visitors, investors and officials. AIM Startup 2017 aims to extend support to the small projects, which in turn can be the core for larger […]
Huawei 2016 Annual Report: Solid Growth and Sustained Investment in the Future
Huawei today released its audited financial results for 2016, reporting that its Carrier, Enterprise, and Consumer business groups (BGs) each achieved solid year-on-year growth. Group annual revenue was CNY521.6 billion (US$75.1 billion), an increase of 32% over 2015. Net profits were CNY37.1 billion (US$5.3 billion), an increase of 0.4%. In 2016, Huawei continued to invest […]
Top venture capitalists extend support to AIM Startup 2017
The Inaugural AIM Startup 2017 – AIM Startup is set to take place tomorrow (Sunday 2 April 2017) at the World Trade Centre, Dubai. The event is being held alongside the 7th edition of Annual Investment meeting and will host 100+ Startups, investors, government officials and business leaders from around the world, under one roof. […]
World’s smartest to converge at the Future Cities Show
The inaugural edition of ‘Future Cities Show’ in Dubai, UAE, which will run from April 2nd – 4th, will oversee some of the world’s most influential smart tech innovators converge at the show to develop key strategies and strengthen collaborations. The event will be attended by experts from varied industries, including tech entrepreneurs, futurists and […]
BRIDGESTONE UNVEILS “OUR WAY TO SERVE” AND FOCUSES SCALE AND EXPERTISE ON ADVANCING GLOBAL CSR WORK
Bridgestone Corporation (Bridgestone) today unveiled a refined global corporate social responsibility (CSR) commitment, “Our Way to Serve,” centered around three priority areas: Mobility, People, and Environment. The new commitment builds upon a decade of progress and learning via Bridgestone’s initial CSR program, the 22 CSR Focus Points. “Our Way to Serve” reflects the company’s longstanding […]
PR_Empower’s number of customers crossed 65000 by the end of 2016
Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, revealed today that the number of its customers has increased to reach 65,000 by end of 2016. Empower underscored that the number of its customers is keeping on increasing in 2017. According to Empower, the main reason behind this increase is the […]
Souq.com brings back the biggest sale of the season, the ‘Everything For You Sale’
Following the huge success last year, Souq.com, the largest online retail and marketplace platform in the Middle East, has announced the return of their ‘Everything For You Sale’. Souq.com is encouraging people to ‘be who they want to be’ and in line with that the sale event will celebrate different personas by offering everything for […]
Accenture Launches Upgraded Banking Technology Platform at National Commercial Bank
Accenture (NYSE: ACN), the global professional services company, has successfully completed the core system replacement of the retail banking operations at the National Commercial Bank (NCB). The highly complex project which took approximately two years to complete, was part of NCB’s NextGen program, which was also undertaken with Accenture. The implementation of the project marks […]
Consumers in UAE Can Now Claim the Use of Renewable Energy with I-RECs
Dubai Carbon has signed an agreement with I-REC Standard, the international organisation that facilitates robust attribute tracking systems for the reliable procurement of renewable electricity, thus becoming the exclusive local issuer of RECs in the UAE, it was announced today. Dubai Carbon in association with the Netherlands-based non-profit firm will now provide a standard for […]
Value Added Tax in GCC countries
Value Added Tax (VAT) will be incrementally deployed across Gulf countries in the short future. Oracle can help companies in the GCC become VAT compliant and the roadshow organised today in Riyadh with Deloitte is focused on sharing insights on what companies need to do to be VAT compliant. Thamer Al Harbi, Country […]
Partner of Choice: Canon helps partners realise real potential at Gulf Print and Pack 2017
Canon Middle East, a leader in imaging and printing solutions, is celebrating its rich customer heritage that spans a diverse range of industries from the ME region, at Gulf Print and Pack 2017. Showcasing almost a decade of brand evolution since its first participation in Gulf Print & Pack in 2009, Canon Middle East will […]