Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
ALMALL: New Saudi E-Commerce App that Supports Both Local and International Brands
At the glamorous Ritz-Carlton Hotel in Jeddah, SRPC celebrated the launch of ALMALL app in the presence of a large number of high-profile businesswomen and men, media personalities, and e-commerce professionals. The platform is a new e-shopping station that brings together consumers and brand owners from within and outside the Kingdom. The entertainment was provided by the […]
SWIFT launches gpi Observer Analytics tool
SWIFT is launching a Business Intelligence gpi Observer Analytics tool, a new resource for gpi banks to gain more comprehensive business insights into their gpi traffic flows. The unique market and competitive analysis that gpi Observer Analytics provides will allow financial institutions to act on reliable and fact-based information to understand the current itinerary and […]
GEZE Is One of Germany’s Most Innovative Companies TOP 100 Award For Exceptional Innovation Success
GEZE was awarded the prestigious TOP 100 Award, securing its position as one of Germany’s most successful SME innovators. Gerald Haas, GEZE Managing Director Research & Development, accepted the award from TOP 100 Award. The key competitive factors when evaluating the listed companies were ‘Climate of Innovation’, ‘Innovative Processes and Organisation’, ‘Innovation-friendly Senior Management’ and […]
Middle East and North Africa Enterprise Software Market to Top USD 760 Million in 2018
Digital consultancies are vital for Middle East organizations to break through the digital transformation impasse, which is seeing the paradox of record-high IT spend, but 60 percent of organizations needing to transform their digital toolset to succeed. The Middle East and North Africa is seeing record-high enterprise application software spend, with IDC projecting it to […]
Korn Ferry 2018 Salary & Benefits Study Shows Strong Results for Saudi Companies Translating to Employee Salary Increases
New data from the Korn Ferry 2018 Salary and Benefits Study shows positive signs that the Saudi Arabia economic transformation strategy is helping drive strong business results. Those results are translating into measurable salary and bonus increases for employees at all levels, with “high performers” reaping the greatest benefit with bonus pay outs averaging 120% […]
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Thomson Reuters & The Institute of Finance Inaugurate 10th Compliance and Anti-Money Laundering Seminar in Saudi Arabia
Thomson Reuters inaugurated the 10th Compliance and Anti-Money Laundering Seminar in association with the Institute of Finance and under the patronage of His Excellency Dr. Ahmed Abdulkarim Akholifey, Governor of the Saudi Arabian Monetary Authority (SAMA) and Chairman of Anti-Money Laundering Permanent Committee (AMLPC) Speaking at the opening ceremony, Dr. Fahad AL Shathri, Deputy Governor […]
World Green Economy Summit 2018 to underscore role of youth in global green economy movement
The World Green Economy Summit (WGES) 2018 is set to emphasize the role of young men and women in global efforts to build a green economy when it opens in Dubai in October. Organizers of WGES announced as the UAE joins the worldwide celebration of the United Nations’ International Youth Day, marked on Sunday, 12 […]
World Future Energy Summit Rebrands to Stress All Forms of Sustainability
The World Future Energy Summit (WFES) has made significant changes for its 2019 edition, combining all aspects of sustainability under one global brand. The annual event, hosted by Masdar, and an integral part of Abu Dhabi Sustainability Week, will see its summit, forums and six co-located exhibitions integrated under the powerful WFES brand, with business […]
“ALMALL” the Region’s Newest Online Shopping Destination
Following Crown Prince Mohamed Bin Salman’s ascension to his role last year, Saudi Arabia has been working towards realizing a complete transformation of its economy and society based on key objectives set under its Vision 2030, a national strategy to modernize its economy and diversify the country’s economy, moving it away from oil dependency. As […]
Robinsons to Open its Second GCC Branch in Saudi Arabia
Following the unprecedented success of its opening in Dubai, Robinsons’ announces its new branch opening in the GCC in Riyadh. The new branch will provide shoppers with a unique shopping experience as it joins a selection of luxury brand outlets in the Kingdom Center, one of Riyadh’s largest malls. His Royal Highness Prince Al-Waleed bin […]
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Salesforce Expands the Sales Cloud Platform with Faster Prospecting, Flexible Billing and Intelligent Marketing Automation
Salesforce [NYSE: CRM], the global leader in CRM, today announced advancements to the Sales Cloud platform, delivering a faster, smarter and more integrated sales process from lead-to-cash. Now, companies can complete the entire sales process, from marketing to sales to billing, right within Salesforce. “Automation, integration and speed are essential to business success in the […]
Key cyber threat areas for governments and organizations in the Gulf
As the cyber threat landscape continues to evolve, it is imperative for the government and private sector to pay attention to some of the most significant areas of heightened risk in the cyber environment, according to Booz Allen Hamilton. The cyber threat landscape in the Middle East is rapidly expanding – with attacks against regional […]
Gartner Says Huawei Secured No. 2 Worldwide Smartphone Vendor Spot, Surpassing Apple in Second Quarter 2018
In the second quarter of 2018, Huawei surpassed Apple to secure the No. 2 worldwide smartphone vendor position for the first time ever, according to Gartner, Inc. Apple moved into the No. 3 spot. Overall, sales of smartphones to end users grew 2 percent in the second quarter of 2018 to reach 374 million units. […]
Jordan’s Arab Medical Center Selects Infor to Digitally Transform the Patient Experience
Infor, a leading provider of industry-specific cloud applications, today announced that Arab Medical Center (AMC), a leading referral hospital for patients in the Middle East and internationally, has selected Infor CloudSuite Financials & Supply Management and Infor Enterprise Asset Management (EAM) to streamline its business operations and increase efficiency to improve patient care. The implementation […]
Gartner Says Worldwide IaaS Public Cloud Services Market Grew 29.5 Percent in 2017
The worldwide infrastructure as a service (IaaS) market grew 29.5 percent in 2017 to total $23.5 billion, up from $18.2 billion in 2016, according to Gartner, Inc. Amazon was the No. 1 vendor in the IaaS market in 2017, followed by Microsoft, Alibaba, Google and IBM. “The top four providers have strong IaaS offerings and […]
New Report Analyzes Strategic Role of Saudi SMEs in Accelerating Economic Diversification
As part of its Vision 2030 strategic plan, Saudi Arabia’s national attention has turned to the small & medium-sized (SME) sector as a fundamental source of economic dynamism whose growth and progress would benefit the country as a whole. With this pivotal focus in mind, the U.S.-Saudi Arabian Business Council (“the Council”) is pleased to […]
MENA Data Center Spend to Reach Record USD 5 Billion by 2020
As the Middle East accelerates its digital transformation and Smart Cities growth, regional data center spend will reach a record-high of USD 5 billion by 2020, industry experts announced today ahead of GITEX Technology Week. Middle East and North Africa data center spend to reach a record high of USD 5.1 billion by 2020, increasing […]
LG EXPANDS INVESTMENTS IN ROBOT INNOVATORS
LG Electronics’ recent investment in US-based Bossa Nova Robotics marks the first overseas investment in a robotics partner by LG following a number of deals with Korean startups over the past year. In total, LG has committed over USD 90 million to robotics startups in the first 12 months of its investment initiative. Bossa Nova […]
LG EXPANDS INVESTMENTS IN ROBOT INNOVATORS
LG Electronics’ recent investment in US-based Bossa Nova Robotics marks the first overseas investment in a robotics partner by LG following a number of deals with Korean startups over the past year. In total, LG has committed over USD 90 million to robotics startups in the first 12 months of its investment initiative. Bossa Nova […]
LG EXPANDS INVESTMENTS IN ROBOT INNOVATORS
LG Electronics’ recent investment in US-based Bossa Nova Robotics marks the first overseas investment in a robotics partner by LG following a number of deals with Korean startups over the past year. In total, LG has committed over USD 90 million to robotics startups in the first 12 months of its investment initiative. Bossa Nova […]
The 2nd Edition of the Phanes Group Solar Incubator set to kick off 7th August 2018
Phanes Group, an international end-to-end solar provider headquartered in Dubai, UAE, has announced the 2nd edition of its Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing support to funding, and commercial and technical knowledge. The initiative held under the theme, “Your Project, Our Expertise, For a Sustainable Future”, […]
Salama Cooperative Insurance Co. “SALAMA” partners with InfoFort KSA to introduce automation robots
InfoFort, an Aramex company and leading information management solution provider in the Middle East and Africa, today signed an agreement with Salama Cooperative Insurance Company, a leading Saudi based company with more than 35 years of global experience in motor, medical, travel, malpractice and general insurance. As per this agreement, InfoFort will roll-out its Robotic […]