Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
ICLP and RSA Launch the UAE’s first insurance loyalty programme
With the aim of rewarding existing customers, driving acquisition through direct channels and identifying cross-sell opportunities, RSA (Royal & Sun Alliance) Insurance, one of the world’s leading insurers has partnered with ICLP, the global leaders in loyalty. ICLP was engaged to design, implement, manage and drive engagement in a new insurance loyalty programme – the […]
Virgin Mobile Saudi Arabia sheds light on Social Media habits of Women in Society
The results of a statistical study conducted by Virgin Mobile Saudi Arabia revealed that 20% of women in the Kingdom spend more than eight hours a day on social media, while the percentage of men in the same time frame amounted to 12%. The research conducted in collaboration with Virgin Mobile Saudi Arabia and the […]
CONSUMERS PRIORITISE HIGHER WI-FI PERFORMANCE OVER SPEED IN 2017
In 2017, consumers will increasingly prioritise higher performance over speed as a growing number of smart devices connect to Wi-Fi network in Middle East homes, predicts networking giant, Linksys. Data will be driven by people, but more so by the number of connected objects in the Internet of Things, estimated to be 50 billion by […]
Electronic Shelf Labelling Set to Take Over Regional Retail
Electronic Shelf Labels (ESLs) are entering the region with a big promise of saving on both operations and energy costs in the retail sector. A global forecast report by market research firm Knowledge Sourcing Intelligence, revealed that global market for Electronic Shelf Label Market will grow from US$211.134 million in 2015 to US$441.440 million by […]
‘Oil demand for petrochemicals is likely to grow by about 3% a year between 2015 and 2021, with petrochemicals taking a more significant proportion of the oil barrel’ says International Energy Agency (IEA)
ArabPlast 2017 kicked off today (Sunday, 8th January 2017) in Dubai International Convention and Exhibition Centre. HE Majid Saif Al Ghurair, Chairman of Dubai Chamber, inaugurated the show and many other government representatives, business executives, and industry experts. The No. 1 trade show in the Middle East in term of machinery on display and the […]
Thomson Reuters Hosts 11th MENA Regulatory Summit 2017
Thomson Reuters, the world’s leading source of news and information for professional markets and the Dubai Financial Services Authority (DFSA), will co-host the 11th MENA Regulatory Summit on February 5th & 6th in Dubai, United Arab Emirates. Held under the patronage of the UAE Minister of Economy, H.E Sultan bin Saeed Al Mansouri, the summit […]
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Empower registers 255,000 client-servicing transactions in 2016
Emirates Central Cooling Systems Corporation (Empower), world’s largest district cooling services provider, said that it has registered 255,000 client-servicing transactions in 2016 ranging from face to face client servicing in the branches, telephone calls and e-mail correspondences. This represents a breakthrough in the use of modern methods and techniques in managing day to day queries […]
TechAccess Recognises Top Partners for 2016
TechAccess, the leading value added distributor in the Middle East, North Africa, LEVANT, Pakistan and Afghanistan has announced the winners of its Partner Loyalty Program for 2016. TechAccess’ Partner Loyalty Rewards programme recognises the outstanding achievements of partners drawn from the distributors network across the region. The winning Gold partners are: GCC – Fujitsu Levant […]
ATM hits the tech highway
According to a report, innovations in travel technology will continue to transform the tourism industry, with cloud passports, personalized travel, virtual reality, and apps predicted to re-shape consumer habits and marketing strategies over the short to mid-term by Colliers International. In its Tourism and Technology Trends report, produced ahead of Arabian Travel Market (ATM), 24 […]
The Levant’s Rising Digital Economy Creates New Opportunities for Tech Entrepreneurs
Startups in Jordan and the Palestinian Territories will be vital in driving the Levant’s Digital Economy and job creation for technology talents, SAP announced at the Start-up Focus Event in Amman, hosted by startup enabler and technology company SAP and supported by Zain Innovation Campus (ZINC) and USAID West Bank and Gaza through its Compete […]
Huawei Promotes Quality and Safety in the Kingdom
In line with the Saudi Vision 2030 goal to embrace responsible businesses, adapt a comprehensive list of standards and guidance, regulating an array of environmental and safety challenges, Huawei Tech Investment Saudi Arabia recently held an Environment, Health and Safety (EHS) workshop for its employees, partners and suppliers in the Kingdom as part of the […]
3M Welcomes Karim Sarahni as Managing Director in Saudi Arabia
3M, a global science-based company that inspires creative collaboration, announced the appointment of Karim Sarahni as Managing Director for its operations in the Kingdom of Saudi Arabia. In an effort to realize the Saudi Vision 2030, Karim Sarahni will lead 3M’s strategic plans to invest in the country following the foreign-owned trading license it received […]
Retailers in the Region Utilize Social Media to Build Customer Loyalty
Middle East has seen a tremendous rise in smartphone penetration rates and social media usage as the total number of Internet users has recently crossed a 100 million mark. Retailers are exploring ways to get more personal with their customers, through online offerings and social media interactions, to gain loyalty. A recent research by HubSpot […]
451 Research: 71% of enterprises now capturing data for IoT; security and ROI concerns remain high
451 Research’s latest Voice of the Enterprise: Internet of Things (IoT) Organizational Dynamics survey of nearly 1,000 enterprise IT buyers worldwide reveals that 71% of enterprises are gathering data for IoT initiatives today. This is a three percentage point increase from the previous quarter’s Voice of the Enterprise: IoT Workloads and Key Projects survey. Security […]
Axiom Telecom Predicts Top Mobile Technology Trends in 2017
Next year will see significant developments in mobility, driven by continuous industry innovation and a growing tech-savvy millennial community, according to the region’s leading mobility retailer, axiom telecom. Fahad Al Bannai, the mobile technology giant’s CEO, said he expects 2017 to be a prosperous year for the digital world, as the boundaries to what can […]
UAE Holidaymakers Putting Themselves at Increased Risk with No Travel Insurance
UAE holidaymakers are putting themselves at increased risk of facing serious financial repercussions by not taking measures to adequately cover themselves in the event of a travel emergency, experts warned yesterday. Describing community awareness about travel insurance in the UAE as “probably among the lowest in global markets”, Phil Ashkuri, Head of General Insurance at […]
YORK is Jeddah International Book Fair’s Cooling and Power Provider
Al Salem Johnson Controls (YORK), a leading provider of heating, ventilation, air conditioning equipment, security systems, and controls, contributed to the Jeddah International Book Fair by providing an integrated cooling unit set air handlers. YORK was selected among many brands to cool the fair due to its proven track record. Spanning 21,500 square meters, the […]
Delegates discuss the future of banking at the first SWIFT Business Forum UAE in Abu Dhabi
SWIFT, a global provider of secure financial messaging services, brought the banking and financial sector together at its first Business Forum UAE in Abu Dhabi to discuss the pressing challenges of cyber threats, de-risking and compliance. With the theme “Building for the future: regulation, innovation and the transformation of banking”, the event examined the future […]
Telia Carrier expands availability of IP, Wavelength and Ethernet services in Germany through new partnership with Savecall
Telia Carrier today announced its new partnership with Savecall, Germany’s top consultant and broker of ICT services with offices in Munich, Wiesbaden and Berlin. In addition to Savecall’s consulting and brokering services, this partnership allows the company to act as a reseller of Telia Carrier’s complete suite of IP, Wavelength and Ethernet services. Savecall mediates […]
Sage inks deal with Saudi Aramco Entrepreneurship Center for Sage X3
Sage, the market and technology leader for integrated accounting, payroll and payment systems, together with Sage’s exclusive distributor in Saudi Arabia, Josor, today signed a contract for the implementation of the Business Management Solution for enterprise sized businesses Sage X3 with Saudi Aramco Entrepreneurship Centre (Wa’ed). Wa’ed, the entrepreneurship arm of Saudi Aramco, was established […]
Sage and SAW Software Mill announces launch of Sage X3 for Construction
Sage, the market and technology leader for integrated accounting, payroll and payment systems, and development partner Specialized Application Workshop (SAW) and Software Mill today announced the launch of Sage X3 for Construction. As new technologies such as Industry 4.0 mechanisms, and technological processes are introduced into the construction sector, a strong business management solution is […]
WTO Report: ‘UAE had a 31.5% share of the Middle East’s total exports in 2015, compared to 28 per cent in 2014’
The 31st edition of the International Autumn Trade Fair 2016 (IATF 16) concluded Friday (16 December) at the Dubai International Convention and Exhibition Centre with excellent results. The UAE is ranked among the world’s top 20 exporters, according to the World Trade Organisation’s Report on International Trade Trends. This was said at the show that […]