Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Serco Middle East expands its growth and development team by appointing Ayesha Sultan as Managing Director Growth.
Serco Middle East, a leading provider of public services has expanded its Growth team in the region by appointing Ms. Ayesha Sultan as Managing Director Growth. Ayesha Sultan, a UAE National, is a tri-lingual strategy and investment professional with over 18 years of experience across the UAE, UK and France, with multinational organisations including Dubai […]
Cisco Connect 2018 to Highlight Growing Opportunities Presented by Saudi Arabia’s Digital Acceleration
Themed ‘Your Time is Now’, Cisco’s flagship technology forum returns to Saudi Arabia to address how digital transformation is fundamentally changing the business landscape. Held at the Hilton Hotel, Jeddah, from 27-28 March, Cisco Connect will bring together regional technology and business decision makers to drive the Kingdom’s digitization agenda and discuss the opportunities and […]
SOUQ.com Collaborates with Saudi Electronic University to Support the Saudi Vision 2030
SOUQ.com, an Amazon company, signed a memorandum of understanding with the Saudi Electronic University, represented by the College of Administrative and Financial Sciences, for an initiative that allows for knowledge exchange, student projects and internship opportunities. The memorandum was signed at the University’s headquarters in Riyadh by Dean of the Administrative and Financial Sciences College […]
HUAWEI Consumer Business Group An On-going Commitment Towards Investing in Innovation Quality
According to the latest China-leading brand rating organization (C-NPS), HUAWEI has overtaken all its competitors for the first time with a score of 17.8 points, as the C-NPS Customers Most Recommended Brand in China’s Mobile Phone Industry 2018 making it the first ever local mobile phone brand to take the first place on this list. […]
World’s largest organic dairy producer launches organic milk in Saudi Arabia
Arla Foods, the world’s largest producer of organic dairy products, has launched its first branded organic milk in Saudi Arabia. This is as part of the farmer-owned company’s ambitious business strategy to become the number one organic dairy brand in the Middle East and North Africa by 2020. A recent report suggests that a rise […]
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Xerox and CCS talk about the future of work
In its continuous endeavor to deploy smarter document solution strategies while helping channels to further expand their revenue streams, Xerox and CCS are launching ‘The Future of Work’ series. Part of the larger GCC roadshow focused on the launch of ConnectKey products and solutions, Dubai event will highlight the importance of digital transformation that caters […]
A big step forward! HUAWEI rose to 25th spot on Brand Finance Global 500 2018
Brand Finance, the global authoritative consulting agency, released its ranking of the most valuable brands around the world in 2018. HUAWEI ranked twenty-fifth on Brand Finance Global 500 2018 with a value of 38.046 billion dollars, and its brand value increased by more than 50%. Brand Finance, as the world famous brand value and strategy […]
Starbucks and EFE Support Saudi Vision 2030
03 March 2018: In context to support the Saudi Vision 2030 of empowering the Saudi youth with the right opportunities, Starbucks KSA and Education For Employment (EFE) have partnered together to introduce a series of workshops that will be focused on nurturing and inspiring the youth of KSA and helping them make a valuable contribution […]
Gartner Says Nearly Half of CIOs Are Planning to Deploy Artificial Intelligence
Meaningful artificial intelligence (AI) deployments are just beginning to take place, according to Gartner, Inc. Gartner’s 2018 CIO Agenda Survey shows that four percent of CIOs have implemented AI, while a further 46 percent have developed plans to do so. “Despite huge levels of interest in AI technologies, current implementations remain at quite low levels,” […]
Xerox Named as one of World’s Most Ethical Companies for 12th Consecutive Year
Xerox (NYSE: XRX) has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2018 World’s Most Ethical Companies. Xerox has been recognized every year since 2006 and is one of only two honorees in the Information Technology Services industry, underscoring their […]
Most read in Economy & Business
- Saudi Businesses Expand Investment in Agentic AI for Enterprise Operations
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- iSolution Earns Great Place to Work Certification in Saudi Arabia and UAE
- Fortinet and Aramco Sign Agreement to Expand Industrial Cybersecurity in Saudi Arabia
- ELSEWEDY ELECTRIC PSP and Sinohydro Sign $2.2B Rabigh 2 IPP Expansion Contract
Apprehensions edge away as VAT becomes the new normal norm
Value-Added Tax (VAT) has been the subject of discussions, debates, reviews, and opinions in 2017. The anxiety and fear that surrounded this term were not just extraneous but placed unnecessarily. But with the onset of 2018, life moved on! The UAE introduced a 5 percent VAT starting January 2018 with a standard return filing period […]
Honor Doubles its Market Share in 2017 in KSA
Growth in accessible smartphones has fuelled the increase in Honor market share and revenue in 2017Honor, the leading smartphone e-brand under the Huawei Group, announced its market share growth in KSA for the first time since it disrupted the market in 2015. The brand has been introducing killer value smartphones and cutting-edge technology to the […]
Volvo Cars reports record operating profit of SEK14.1 billion in 2017
Volvo Cars, the premium car maker, has reported a strong 27.7 per cent increase in operating profit in 2017, earning a record SEK14.1 billion (U.S.$ 1.746 billion) compared to SEK11.0 billion (U.S.$ 1.367 billion) in 2016, driven by global sales of 571,577 cars. Net revenue for the period increased 16.6 per cent to SEK210.9 billion […]
39 days of VAT in GCC
The new year was heralded as the onset of the VAT regime in the GCC. It is now a little over a month since VAT has come into effect and while there are businesses who are yet to register, the overall economy is well into the VAT return filing rhythm. According to FTA, 260,000 businesses […]
NTT DATA and Oracle Insurance to Offer End-to-End Solution for Government Payers and Health Plans
NTT DATA Services, a recognized leader in global technology services and a Platinum Cloud Standard member of Oracle PartnerNetwork (OPN), today announced a new end-to-end solution in collaboration with Oracle Insurance designed to improve operational efficiencies for government payers and health plans. The new payment and benefits solution will manage all aspects of health insurance membership, claims […]
Cloud computing to pave the way for Saudi’s digital transformation
As the Kingdom of Saudi Arabia advances towards becoming a technology hub for the region, the country foresees cloud computing to grow by 25% by 2022. These findings were announced during the second edition of Microsoft Transform 2018, an event organized by Microsoft Saudi Arabia dedicated to encouraging conversation on digitalization and fostering the latest […]
Etisalat launches an innovative payment service for UAE’s SMB retail sector
tisalat today announced the launch of its Mobile Cashier service for the Small and Medium Business (SMB) segment in the country giving them a hassle-free on boarding and affordable mobile point-of-sale service that enables these businesses to accept card payments from their customers, and at the same time enjoy valuable mobile business plan benefits anywhere […]
Leviton Opens New Data Centre Factory
Leviton opened its new Data Centre Factory at its Glenrothes, Scotland, facility. The Data Centre Factory provides data centre managers with bespoke network infrastructure products, including pre-terminated cabling and cassette solutions, with rapid delivery. ‘Field terminations can be the most time consuming, labour intensive process of cable installation in a data centre network,’ said Ian […]
Premium products to enhance brand image and accelerate profitable growth for LG
With the desire to create a better lifestyle for consumers, underpinning LG’s premium product philosophy, LG plans to continue pursuing an innovative, energy efficient and a premium product market strategy, positioning the company as a technology innovator with a flair for convenience, design and style. The company aims to accelerate premium product strategy by enhancing […]
New VMware Research: The Digital Workspace Revolution is Employee-Driven
VMware, Inc. (NYSE: VMW), a global leader in cloud infrastructure and business mobility, today unveiled its annual report into the state of digital workspace technologies and their impact on businesses, which reveals that in Saudi Arabia, empowered employees, those who are granted greater access to the applications they prefer and need to do their job, […]
Saudi Hoteliers Need to Take the App Approach to Guest Experience
Hoteliers in the Kingdom of Saudi Arabia need to embrace digital platforms if they want to keep their guests happy, according to a new survey from Avaya (NYSE:AVYA). Saudi travelers are more keen on using hotel mobile apps than their counterparts in other GCC countries, according to the survey, with more than a third of […]
Citigroup Saudi Arabia Holds its Inaugural Board Meeting
Citigroup Saudi Arabia held lately its inaugural board meeting in Riyadh, ushering in a new era for Citi in the Kingdom, and setting the stage for the global bank to deploy its suite of corporate products on the ground to help support Saudi Arabia’s economic transformation. In April 2017, The Saudi Arabian Capital Market Authority […]