Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Surplus Stores Dubai – Setting a New Wholesale Experience
Surplus Stores has opened its doors to the public with its ground-breaking wholesale concept that redefines the wholesale business and is first of its kind in the UAE. Surplus Stores, conveniently located in close proximity to Sheikh Mohamed Bin Zayed Rd. and other major landmarks such as Dubai International Airport and International City deals with […]
During an event in Riyadh, Dr Kaplan prompted representatives of the private sector and civil society to take the lead in identifying development opportunities in KSA…
Dr. Robert S. Kaplan, an influential thought leader in strategy and performance management, presented a new model for inclusive growth, which requires the adoption of new roles by Saudi government bodies, the private sector, and society. All of these actors need to work collaboratively to generate sustainable development and overcome economic challenges such as low […]
Alibaba Group and UNCTAD Launch eFounders Initiative
Alibaba Business School and UNCTAD welcomed inaugural class of African entrepreneurs to China for two-week intensive course on e-commerce HANGZHOU, China, Nov. 22, 2017 /PRNewswire/AsiaNet-Pakistan — Alibaba Business School and the United Nations Conference on Trade and Development (UNCTAD) brought together 24 Africa-based entrepreneurs to participate in the inaugural eFounders Initiative. The eFounders Initiative is […]
Andersen Global Announces Expansion in Uganda
Andersen Global is proud to announce a presence in Uganda by way of a Collaboration Agreement with Ligomarc Advocates, a financial and corporate tax and legal firm. The firm is led by Managing Partner, Kabiito Karamagi. The addition of Ligomarc Advocates as a Collaborating Firm of Andersen Global continues the organization’s expansion in Africa. Ligomarc […]
FS-Elliott Nominated as Finalists in 2017 MEED Awards
FS-Elliott, a leading manufacturer of oil-free, centrifugal compressors, has announced that their office in Saudi Arabia has been nominated for three MEED Awards in the categories of Industrial Company of the Year, Manufacturer of the Year, and Supplier of the Year. The MEED Awards recognize and honor contractors, consultants, suppliers, service providers, and clients that […]
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Gartner Survey Shows Growth in Marketing Budgets Stalled in 2017
Growth in marketing budgets has stalled after continued increases over recent years, according to a survey by Gartner, Inc. The survey found that marketing budgets hit a plateau in 2017 after three years of growth, with budgets falling from 12.1 percent of company revenue in 2016 to 11.3 percent in 2017, representing a return to […]
AURAK Hosts Workshop on the Entrepreneurship and Innovation Challenges in the 21st Century
The Entrepreneurship and Innovation Challenges in the 21st-Century forum was organized by the American University of Ras AL Khaimah in association with the Arab German Young Academy of Sciences and Humanities (AGYA) and the Arab Council for Training Students of Arab Universities (ACTSAU). The forum for students’ inventions is a great opportunity for Arabic students […]
Gartner Survey Shows Digital Business Is Turning CIOs Into Business Leaders
For 82 percent of Europe, Middle East and Africa (EMEA) CIOs digital business has led to a greater capacity for change and a more open mindset in their IT organization, according to Gartner, Inc.’s annual survey of CIOs. On average, EMEA CIOs have increased the amount of time they spend on business leadership — up […]
Al Rajhi Bank and SOUQ to offer discounts in co-operation to customers in the KSA
SOUQ and Al Rajhi Bank, one of the largest Islamic Banks in the world, have announced that they will co-operate offer customers in the Kingdom of Saudi Arabia an array of benefits when they purchase products on the SOUQ website and mobile app using Al Rajhi Bank credit cards. SOUQ customers in KSA will get […]
Thousands Convene in Houston to Learn About the Latest In Automation Technology While Helping to Support Area Recovery
HOUSTON–(BUSINESS WIRE/AETOS Wire)– Thousands of industrial professionals are convening in Houston for the Automation Fair event to learn more about the latest advanced manufacturing technologies shaping the industry, and the automation tools that can help them be more globally competitive and productive. Hosted by Rockwell Automation and its PartnerNetwork members, the Automation Fair event is the premier […]
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2.38 Million Visitors and USD 56 Million Book Sales at Sharjah International Book Fair 2017
The 36th Sharjah International Book Fair (SIBF) concluded on a record-breaking note, attracting 2.38 million visitors over its 11-day run. The world’s third largest book fair featured more than 2,600 cultural events, 400 authors and intellectuals, and 1,690 exhibitors from 60 countries, who put up 1.5 million titles on display. A high volume of purchase […]
Turkish Airlines Announces 2017 Q3 Financial Results
Turkish Airlines, given the financial discipline and dynamic demand management applied since the beginning of 2017, with USD 939 million in 2017 Q3, posted record net profit of all 3rd quarters in company history. The 9-monthly operating net profit is recorded as USD 956 million. The successful 3rd quarter marked a 23 percent increase on […]
Gartner Says IT Spending in EMEA to Exceed $1 Trillion in 2018, Up 4.9 Percent from 2017
IT spending in EMEA is projected to total $1 trillion in 2018, an increase of 4.9 percent from estimated spending of $974 billion in 2017, according to the latest forecast by Gartner, Inc. In 2017, however, all categories of IT spending in EMEA underperformed global averages (see Table 1). Currency effects played a big part […]
Bahrain to Host Global Entrepreneurship Congress 2019
Bahrain named host country for the Global Entrepreneurship Congress in 2019 at a high-profile event at the UN HQ in NY, confirming the country’s position as a business-friendly nation and an international leader in the field of entrepreneurship and business innovation. The annual global event, hosted by countries including the US, UK, China, Italy, Brazil […]
Raytheon Saudi Arabia receives commercial registration from Ministry of Commerce and Industry
Raytheon Company (NYSE: RTN) today announced the completion of official commercial registration requirements for, and designated the official name of, its new Riyadh-based business unit: Raytheon Saudi Arabia. This milestone allows Raytheon Saudi Arabia to accelerate its localization strategy in support of the Kingdom’s Vision 2030. Earlier this year, Raytheon announced a Memo of Understanding […]
REVEALED: Inside the mind of today’s candidate: Why do MENA professionals switch jobs?
Most professionals in MENA (88%) like hearing about new opportunities and higher compensation lures them into switching to a new job, according to LinkedIn’s annual talent survey – ‘Inside the Mind of Today’s Candidate’. The study reveals that higher compensation elsewhere (41%) is still the main reason people leave jobs, with a better fit for […]
Research: 90% of internet users recognize the Twitter logo
By Carla El Maalouli, Head of Business Marketing, Twitter MENA What is a logo? Why do companies put in effort to redesign, refresh and update their logo? By definition, a logo is a symbol adopted by an organization to identify its products or services. Ultimately, the logo is the company, and the company is the […]
Gartner Identifies Top 10 Digital Disruptors in Asia/Pacific
The top digital companies in the Asia/Pacific region represent both a threat and an opportunity to global enterprises, and CIOs ignore them at their own risk, according to Gartner, Inc. Analysts advise CIOs involved in building or expanding a digital business to identify and understand Asia’s top disruptors as early as possible and work with […]
Huawei Holds Global Energy Summit 2017 and Demonstrates Safe and Efficient Oil and Gas ICT Solutions at ADIPEC
Huawei held its Global Energy Summit in Abu Dhabi on November 12. With the theme of “Leading New ICT for Higher Safety and Efficiency in the Oil and Gas Industry”, this summit attracted more than 200 customers, partners, and senior experts from the oil and gas industry, who gathered to discuss how to reduce costs, […]
TP-Link MEA to Host SMB Partner Event with Ethos Technologies
TP-Link MEA to Host SMB Partner Event with Ethos Technologies Networking Vendor Teams Up With UAE Distributor to Showcase SMB Products and Unlock Business Opportunities Dubai, United Arab Emirates, 13 November 2017, (AETOSWire): TP-Link Technologies Co Ltd, a global provider of SOHO, SMB networking products and wireless LAN solutions, has announced that it will host […]
Almarai and KFU honor Vet Award winners
This week, Prof. Mohammed Abdulaziz Al-Ohali, Rector of King Faisal University “KFU” patronized the annual celebration of Almarai’s Veterinarian Prize sponsored by Almarai Company. Saudi Veterinary Association supervises the Prize since 2009. The rector handed over certificates of appreciation to the winners of the Prize branches in recognition by Almarai Company, the Saudi Veterinary Association, […]
Argaam kicks off flexible pay-per-report service
Argaam Investment Company launched today its flexible pay-per-report service, Argaam Insight, that will enable its esteemed readers to unlock exclusive market reports by purchasing pre-paid credit. The new service will help a large segment of Argaam’s readership to access the exclusive reports of Saudi Stock Market (Tadawul), Parallel Market (Nomu) and Saudi economy at large. […]