Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Pyramid Analytics Achieves Top Ranking in BARC’s The BI Survey 16
Pyramid Analytics, provider of the next-generation business analytics platform for the enterprise, today announced that BI Office achieved top rankings in BARC’s The BI Survey 16. Categories in which BI Office took the number one spot in its peer group include “self-service,” “customer experience,” and “chosen as standard.” BARC’s The BI Survey 16 is based […]
Empower completes district cooling infrastructure for iconic DAMAC Towers project
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced the completion of district cooling infrastructure project network for ‘DAMAC Towers by Paramount’ which consist of four towers including an international hotel. Earlier in 2014, Empower signed a contract to provide district cooling services for DAMAC Towers as it is serving […]
79% of MENA organisations in favour of using technology to safeguard documents, says new Canon study
Despite reservations, the majority of organisations in Middle East and North Africa region think that technology is key in keeping their documents secure. 79% of MENA organisations agree that technology creates a more secure office, and more than half – 56% of organisations have expressed concerns about losing sensitive documents that they print out. Increased […]
MENA ICT Forum 2016 Starts Countdown for Launch
The countdown for the Middle East & North Africa Information & Technology Forum 2016 has started. The event, whose theme is “Digitizing the Economy”, will be held on 9th and 10th November under the Royal Patronage of His Majesty King Abdullah II ibn Al Hussein, and is to take place at the King Hussein Business […]
First MENA Green Finance option from Emirates Islamic
With an aim to provide customers with affordable access to green products, Dubai Green Economy Partnership (Dubai GEP) has signed an agreement with Emirates Islamic to provide easy financing options for individual consumers in Dubai to purchase green products on the Green Deal website. The agreement was signed on the sidelines of the World Green […]
Eureeca secures first Equity Crowdfunding license in the region issued by the Dubai Financial Services Authority
Dubai International Financial Centre (DIFC), the region’s leading financial hub, connecting business and financial institutions with emerging market opportunities across the Middle, East, Africa and South Asia (MEASA), has today become home to the first Equity Crowdfunding platform in the region, Eureeca. It is the first multi-regulated global Equity Crowdfunding platform with over 12,000 investors […]
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Dubai Vision Drives Smart City Leadership, Says SAP CEO
Dubai is a global leader in using digital initiatives to deliver Smart City projects, the CEO of the world’s leading provider of enterprise application software, shared during his recent UAE visit. “Data is the currency of the 21st century – everything revolves around it. The insights we gather will help us shape a vision for […]
Saudi Build exhibition concludes its 28th edition with 18,764 visitors
Saudi Build exhibition 2016, the largest construction show in Saudi Arabia, wraps up its activities for this year on last Thursday 20 October at the Riyadh International Convention and Exhibition Center, with more 530 Local, regional and international exhibitors from more than 30 countries, headed by 12 national pavilions. The exhibition witnessed many specialized audience that […]
Empower to hoist UAE Flag at all District Cooling plants marking Flag Day celebrations
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, joins the nation today in celebrating UAE Flag Day (Thursday, 3 November) by hoisting the UAE Flag on all its District Cooling Plants across Dubai. “We are responding to the call of our wise leadership to launch a nation-wide campaign to celebrate […]
International District Cooling Conference 2016 reunites elite green experts to share highly efficient solutions
Under the theme of ‘A Climate Solution’, the 7th “International District Cooling Conference” will be organized from 13 to15 November at Jumeirah Beach Hotel in Dubai by International District Energy Association (IDEA). The conference will see the attendance of local, regional and international companies and organizations operating in the energy field and it will offer […]
Saudi Arabia Drives Energy Innovation with Advanced Construction Technology
The Kingdom of Saudi Arabia is realizing Saudi Vision 2030 energy goals with advanced offshore construction technology, experts announced today in the build-up to ADIPEC 2016. Saudi Vision 2030 aims to increase oil and gas localization from 40 percent to 75 percent. Supporting these energy goals, leading Middle East’s leading firms are driving investment in […]
Abu Dhabi Ports announces winners of MAFNOOD 2016
Abu Dhabi Ports, the master developer, operator and manager of commercial ports and Khalifa Industrial Zone in the Emirate, announced the winners of the second cycle of its internal excellence award, MAFNOOD (Arabic for “distinguished”). Launched under the directives of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme […]
Global study reveals travellers would spend $100 on airline ancillaries to personalise travel experience
How much are travellers willing to pay for airline ancillary services such as seats, bags and food when travelling? New research from global travel technology company, Sabre Corporation (NASDAQ: SABR), has found that travellers would drop a hundred dollar bill to make their travel a little more “about me”. Sabre surveyed travellers from 20 countries […]
Dubai Silicon Oasis to Host Third Consecutive Entrepreneur Day Event and Competition
Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, announced its plan to host ‘The Entrepreneur Day’ (TED) business plan competition on November 16, 2016 at its wholly owned Dubai Technology Entrepreneur Centre (Dtec), the largest technology incubation and co-working centre in the region. Organized […]
Ooredoo Group reports an increase of 4% in Net Profit for 9M 2016
Ooredoo Q.S.C. (“Ooredoo”) – Ticker: ORDS today announced results for the nine months ended 30 September 2016. Financial Highlights: Quarterly Analysis Nine Month Analysis Q3 2016 Q3 2015 % change 9M 2016 9M 2015 % change Consolidated Revenue (QAR m) 8,352 8,155 2% 24,266 24,196 0% EBITDA (QAR m) 3,678 3,556 3% 10,156 10,012 1% […]
Ford Middle East and Africa Honoured with Best Employer Brand on LinkedIn at Annual Awards Ceremony
Ford Motor Company has been recognised once more as one of the world’s most attractive employers according to LinkedIn, the world’s largest professional network on the internet.Following on from last year’s success when Ford Motor Company was named one of LinkedIn’s “Top 50 Most In Demand Employers in Middle East and North Africa”, the company […]
New report: Investment into restaurant technology market must increase as popularity of home delivery services rises
Diners are opting for home delivery services and are increasingly using coupons and promotions, according to a new global survey of over 4,600 consumers conducted by AlixPartners. As a result, investment into the restaurant technology market must increase to meet this growing demand, according to the business advisory firm. – Highlights-Online ordering is regarded as […]
Bion Group, DP World, and RAK eGov Named UAE Digital Innovators
Bion Group, DP World, and the Ras Al Khaimah E-Government Authority have been recognized as the UAE’s leading innovators, winning the UAE Quality Awards announced by global technology company SAP today. DP World has won an award with partner Clariba for its Terminal Performance Analytics system running on the in-memory SAP HANA platform across its […]
Gulf Business Leaders Take Business Pledge to Advance Sustainable Development
166 leading businesses from across the Gulf Region’s pledged to prioritise sustainable development as a business imperative, at the second regional forum on ‘Sustainability in Business’ hosted by The Pearl Initiative and United Nations Global Compact, concluding on a high note on Thursday in Dubai. The Pearl Initiative launched ‘The Business Pledge’ at the forum […]
Abu Dhabi Ports scoops three awards at the 2016 Maritime Standard Awards
Abu Dhabi Ports, the master developer, operator and manager of the Emirate’s commercial ports and industrial zone, has won three prestigious awards at the 2016 Maritime Standard Awards of the Middle East and Subcontinent. The company was recognised for its excellence in the maritime industry and was awarded the Deal of the Year Award for […]
Riyali Financial Literacy Program Aims Towards Happier & More Stable Individuals and Community
The Riyali Financial Literacy Program, developed by SEDCO Holding Group, endeavors to continuously achieve a high standard of success in financial literacy and enrich the students’ financial literacy skills. Since its launch in 2012, the program aspires to raise the society’s awareness about financial issues and to change their resolve towards it in order to […]
More than 100 countries using RMB with China and Hong Kong
The latest RMB Tracker shows that during the last two years (October 2014 – September 2016), seven new countries are now using the RMB for more than 10% of their direct payments by value with China and Hong Kong, bringing the total to 57 countries worldwide. The 10% milestone, also known as ‘crossing the RMB […]