Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
trade.io Announces Strategic Technical Alliance with Financial Technology Giant Modulus in Support of Blockchain and Artificial Intelligence Initiatives
Highly anticipated ICO, trade.io announced it has licensed advanced technology from Modulus, a leading provider of financial technology products for over 20 years. Modulus has provided its services to The Nasdaq Stock Market, Microsoft, and Google, amongst many other top names, in addition to millions of individual investors and traders around the world. (Logo: http://mma.prnewswire.com/media/592785/trade_io_Logo.jpg […]
International Autumn Trade Fair to feature over 100 exhibitors from across the globe
The 32nd edition of the International Autumn Trade Fair (IATF), a general consumer goods trade fair, organised by Al Fajer Information and Services will be held from December 17th – 19th, 2017 at the Dubai International Convention and Exhibition Centre (DICEC). The three day expo will feature an extensive array of products from home décor, […]
Gartner Survey Finds Banking and Investment Services CIOs are the Most Focused on Digitalization
Banking and investment services CIOs are increasingly convinced that their old business models and existing value propositions will not be sustainable in the future, according to a survey from Gartner, Inc. Gartner’s 2018 CIO Agenda Survey gathered data from 3,160 CIO respondents in 98 countries and across major industries, including 354 banking and investment services […]
Infor Retail Again Named a Leader in 2017 Magic Quadrant for Retail Assortment Management Applications
Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, today announced that the company was recognized as a leader in the Gartner 2017 Magic Quadrant for Retail Assortment Management Applications. According to Gartner, “Leaders in the RAMA market have an extensive client base that crosses multiple geographic boundaries […]
Gartner Survey Finds 59 Percent of Higher Education CIOs Expect Significant Business Model Change Due to Digital Transformation
Higher education CIOs recognize that key organizational priorities are enrollment and student success, but fail to show innovation with regard to the top technologies required to differentiate themselves and win, according to a survey from Gartner, Inc. Yet, a majority of respondents (59 percent) think there will be significant business model change due to digital […]
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New GSMA Study Finds That Mobile Industry Accounts for 5 Per Cent of Latin American GDP
Latin America’s mobile ecosystem generated 5 per cent of GDP last year, according to a new GSMA study. The 2017 Latin America and Caribbean edition of the GSMA’s Mobile Economy series, published today at the GSMA Mobile 360 Series – Latin America event in Bogotá, calculates that mobile technologies and services contributed $260 billion in […]
SellAnyHome.com makes it easier for Saudi investors to buy property in Dubai
The Middle East’s new online home buying service offers free home evaluations and provides an offer within 30 minutes! The GCC welcomes the region’s first and largest home buying service, SellAnyHome.com which aims to enable home owners to sell their property in 30 minutes. SellAnyHome.com has already benchmarked itself as the only solutions provider to […]
$174 billion Nanotechnology Market
Advances in the multi-billion dollar nanotechnology market will be under the spotlight when ICT system integrator, Waseela, welcomes 2016 Nobel Laureate and pioneering nanotech scientist, Sir Fraser Stoddart, and Intel Corporation’s former nanotech R&D Director, Dr. Youssry Botros, to a live discussion in Dubai. Taking place on December 4, 2017, the first of its kind […]
Rimini Street Named IT Company of the Year
Rimini Street, Inc. (Nasdaq:RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced that it won seven Golden Bridge Awards for 2017, including gold awards for Company of the Year and Customer Service Department of the Year, both in the IT Services […]
Moving to IaaS is Fundamental to Remaining Competitive, Oracle study finds
The proportion of businesses reaping the rewards of embracing cloud infrastructure services is increasing, according to the latest quarterly global survey of 1,610 IT professionals. Two-thirds of respondents from Saudi Arabia (66 percent) believe Infrastructure as a Service (IaaS) makes it easier for businesses to innovate, up from 62 percent last quarter. Nearly half of […]
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Is Your Device Part of an Illegal Hacking Gang? Norton
A year on from the Mirai botnet’s first major attack – which brought much of the internet to a standstill -Norton by Symantec (NASDAQ: SYMC), the world’s leading cyber security company, reveals how the global botnet has grown and which countries and cities unwittingly played host to the greatest number of bot infections. 6.7 million […]
Transcend’s Best Product Award Highlights of 2017
Transcend Information, Inc. (Transcend), a worldwide leader in storage and multimedia products, is proud to present its best product award highlights in the year of 2017 from the prestigious 2017 Good Design Award and Taiwan Excellence Award. With nearly 30 years of technical experience and expertise, Transcend has received many prestigious design awards for innovative […]
Thomson Reuters Provides Shariah-compliant Deal Application To Alinma Bank
Thomson Reuters announced that it will provide Alinma Bank with a Shariah-compliant application that fully automates deal workflow solutions for Shariah-compliant financial transactions. The development of the application comes in line with Alinma Bank’s plans aimed at improving procedures related to the implementation of processes, controls and regulations. The application, which is the first of […]
Tusdeer embracing the new LogiPoint identity aligns with Vision 2030
“Tusdeer”, the first and largest Bonded and Re-export zone in the Kingdom of Saudi Arabia, has decided to go ‘one step further’ and launched its new identity, “LogiPoint”, transforming from a pioneering bonded zone into a leading network of integrated logistics parks across KSA, and contributing to the Kingdom’s ambitious Vision 2030 program. In realizing […]
Panasonic’s New Marketing Campaign to Foster Stronger Customer Value for the Brand in the Region
Panasonic Marketing Middle East & Africa (PMMAF) has launched its one of the biggest consumer marketing campaign in the Middle East – ‘Makers of Quality. Mastered in Japan’, to emphasize on stronger customer value for the brand. With this new campaign, Panasonic aims to continue delivering on its century old heritage of Japanese craftsmanship and […]
Solar Welcomes Private Investors
In the ever-growing realm of renewable energy, private investors have not yet been able to take part in what has been dubbed Dubai’s solar revolution. Renewable energy targets have been steadily increasing from 5% all the way to 75%, in line with the incredible success stories shared across the Emirates. However, these successes have only […]
Sadafco’s net profit totaled 75 Million Riyals in the second quarter of 2017
Despite the drop in overall consumption levels, Saudia Dairy and Foodstuff Company (SADAFCO) achieved consistent net margins in Q2 2017 in line with the previous quarters this year and last year. Material input costs continued to move up during the quarter as against previous periods & with the market witnessing sustained decline in consumption pattern, […]
VAT in the GCC: Are your accounting systems ready?
By Mansoor Sarwar, Director Technical Services & PreSales, Sage Middle East Compliance with the UAE VAT Law may require significant changes to a business’ technology, operations, financial management and bookkeeping practices. The law, which comes into effect across the six Gulf Cooperation Council (GCC) nations on 1 January 2018, sets administrative penalties for businesses that […]
World Green Economy Summit 2017 concludes with the announcement of the 4th Dubai Declaration
The 4thWorld Green Economy Summit (WGES), held under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai concluded today (25 October 2017). The summit, held under the theme ‘Driving Innovation, Leading Change’ brought together many prominent speakers from across the globe, in […]
Gartner Says Worldwide Semiconductor Revenue to Reach $411 Billion in 2017
Worldwide semiconductor revenue is forecast to total $411.1 billion in 2017, an increase of 19.7 percent from 2016, according to Gartner, Inc. This represents the strongest growth since the 2010 recovery from the financial crisis when revenue increased by 31.8 percent. “Memory continues to lead the semiconductor market higher and is expected to increase 57 […]
Winners of 3rd Emirates Energy Award (EEA) unveiled
Dubai Supreme Council of Energy held today (Tuesday, 24th October, 2017) the 3rd Emirates Energy Award 2017. The event organised concurrently with the fourth edition of The World Green Economy Summit (WGES) saw the attendance of the industry’s elite and leading energy professionals, who came together under one roof to recognise and celebrate the achievements […]
LINKSYS Partner Program Launched Across All Channels
Linksys® has launched integrated portal that gives its partners resources and structured training to help them sell its products more effectively. Especially smaller unmanaged partners will benefit hugely from the portal. This is a next step in Linksys’ continuous investments in channel partnerships. Small- and Medium-sized Businesses – also called SMEs – comprise 95% of […]