Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Moody’s Analytics Launches the CreditLens™ Platform
Moody’s Analytics has launched the CreditLens platform, our next-generation credit origination and risk monitoring solution. This new platform offers flexibility, configurability, and efficiency to lending institutions striving to establish smarter and leaner loan origination practices. The CreditLens platform reduces time-to-decision while tapping into powerful models and insightful analytics that help lenders manage risk and drive […]
Dubai Makes Way for Renewable Energy Crowdfunding
World and Dubai Carbon Centre of Excellence (DCCE) signed an agreement to use crowdfunding, and innovative Fintech tool, to power the retrofitting of warehouses in Mina Rashid. The agreement was signed by Nabil Battal, Global HSE Director of DP World and Ivano Iannelli, CEO, Dubai Carbon on October 23rd at the19th edition of Water, Energy, […]
Oracle Introduces Next Gen Cloud Applications to Support
Oracle today hosted its first Modern Business Forum in Riyadh to help Saudi Arabia’s fast growing and large enterprises accelerate digital transformation and drive business growth with Oracle’s next generation Software as a Service (SaaS) cloud applications that are now embedded with artificial intelligence (AI). The daylong event that was attended by executives of leading […]
Gartner Says Worldwide IaaS Public Cloud Services Market Grew 31 Percent in 2016
The worldwide infrastructure as a service (IaaS) public cloud market grew 31 percent in 2016 to total $22.1 billion, up from $16.8 billion in 2015, according to Gartner, Inc.. Amazon was the No. 1 vendor in the IaaS market in 2016, followed by Microsoft and Alibaba. “The market for cloud services is growing faster than […]
Canon strengthens business opportunities in Saudi Arabia through a strategic partnership with United Electronics Company (eXtra)
Canon Middle East, a leader in imaging and printing solutions, has signed United Electronics Company (eXtra), as a strategic partner for Canon Office Personal Products (OPP) in Saudi Arabia. With the help of a strong partner such as United Electronics Company (eXtra), Canon will deliver innovative, technology led solutions for its customers in the Kingdom; […]
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Murex to Offer Cloud-Based Trading and Risk Management Solutions
Sibos – Murex, an industry leader in trading, risk management and processing solutions for capital markets, announces it has certified its MX.3 technology platform to run on Microsoft Azure. Since early 2016, Murex has collaborated with Microsoft to bring to market solutions enabling clients’ digital transformation. This collaboration has now come to fruition with the […]
SWIFT aligns KYC Registry with updated Wolfsberg Due Diligence Questionnaire (DDQ) for Correspondent Banks
SWIFT is aligning its Know Your Customer (KYC) Registry with the new Wolfsberg Due Diligence Questionnaire (DDQ) for Correspondent Banks. First issued in 2004, the Wolfsberg DDQ has been updated in response to an increase in regulatory expectations and a call for action from the Financial Stability Board Correspondent Banking Coordination Group (FSB CBCG) and […]
Gartner Says Middle East and North Africa Information Security Spending Will Grow 11 Percent to Reach $1.8 Billion in 2017
Middle East and North Africa (MENA) spending on information security technology and services is on pace to reach US$1.8 billion in 2017, an increase of 11 percent over 2016, according to Gartner, Inc. Sam Olyaei, senior research analyst at Gartner, provided the latest outlook for the information security industry today at the Gartner Security and […]
ABB wins $45 million order to enable power supply to Dubai Hills Estate
ABB has won an order worth around $45 million from Dubai Hills Estate L.L.C, a joint venture between Emaar Properties PJSC and Meraas Holding, to construct a substation that will boost distribution capacity and feed power to a new integrated lifestyle project being constructed in Dubai. The project exemplifies ABB’s commitment to deliver reliable power […]
Digital is the New Way
Having 25 years of experience and innovation to the field of Enterprise Content Management, Everteam, one of the world’s leading ECM firm, has added a diamond star to its name. Everteam has associated with the Kingdom Digital Enterprise Transformation Show as its Diamond Sponsor. The Show will be held at the Burj Rafal Kempinski Hotel […]
Most read in Economy & Business
- Saudi Businesses Expand Investment in Agentic AI for Enterprise Operations
- Bupa Arabia Concludes Bupa Padel 2026 Tournament in Riyadh
- 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
Arab Banks to discuss the future of the global financial sector at Sibos in Toronto
Over 8,000 banks, financial and securities institutions, regulators, corporate customers and service providers meet at Sibos every year to discuss the key issues shaping the global financial industry. Under the theme of ‘Building for the Future’, the 2017 conference programme will look at major industry trends including cybersecurity, financial crime compliance, artificial intelligence (AI), the […]
Neustar Research Reveals 92 per cent of Organisations Attacked with DDoS Just Once Suffer Theft
Neustar, Inc., a trusted, neutral provider of real-time information services, today released its bi-annual Global DDoS Attacks and Cyber Security Insights Report, affirming DDoS attacks continue to be an effective means to distract and confuse security teams while inflicting serious damage on organisations. The report highlights that organisations experienced a 27 per cent increase in […]
Global Study Highlights Economic Benefits of ‘Cashless Cities’
Visa (NYSE: V) announced today the results of an independent study conducted by Roubini ThoughtLab and commissioned by Visa examining the economic impact of increasing digital payments in major cities around the world. The study estimates that relying more on electronic payments, such as cards and mobile payments, could yield a net benefit of up […]
Derayah Financial, Mayar Capital sign agreement on global equity portfolio management
The Riyadh-based Derayah Financial, a company licensed by the Capital Market Authority (CMA), has signed an agreement with Mayar Capital, a leading global portfolio management company based in London, for the distribution of a global product on equity portfolio management. Derayah Financial is a pioneer in investment solutions, given its transparent, independent, and easy approach. […]
Western Bainoona Group Drives its Digital Transformation Agenda Forward at GITEX
At GITEX today, UAE construction giant Western Bainoona Group and digital transformation enabler SAP announced plans to explore Internet of Things connected transport solutions to drive business growth. Western Bainoona Group started a project in May 2017 to implement the SAP S/4 HANA real-time business suite as the core application backbone for its digital transformation. […]
Middle East Digitization Scales New Heights at SAP Ariba Live
Alex Atzberger, President of SAP Ariba, during today’s SAP Ariba Live event in Dubai, praised the Middle East’s cloud-based digital transformation to drive new levels of procurement success. “Technology is fundamentally altering the way that businesses operate, and Middle Eastern companies are at the forefront of this digital transformation. Companies like Saudi Aramco, Lulu Group […]
Nutanix Teams Up with Google Cloud to Fuse Cloud Environments for Enterprise Apps
Nutanix (NASDAQ: NTNX), a leader in enterprise cloud computing, has announced a strategic alliance with HYPERLINK “https://cloud.google.com/” Google®Cloud. As a result of the partnership, joint customers will be able to deploy and manage both cloud-based and traditional enterprise applications as a unified public cloud service, while blending the Nutanix environment with Google Cloud Platform™ (GCP). […]
Saudi Arabia’s Vision 2030 to transform businesses with tech investments worth SAR8.3 billion
Delegates at the HR Tech Saudi Summit taking place on November 20 – 21, in Riyadh, Saudi Arabia, will enjoy a unique opportunity to discuss how government investments worth SAR 8.3 billion will pose new opportunities for businesses to transform HR practices. The government of Saudi Arabia pledged the multi-billion Riyal investment under Saudi Vision […]
SWIFT enhances reference data quality for treasurers
SWIFT announces the availability of Customer Data Validation, a new reference data service from SWIFTRef that helps corporate treasurers validate bank master data against the most accurate and up-to-date payment reference data, available from the SWIFTRef directories. The Customer Data Validation service, designed by SWIFTRef Consultancy, is a service that uses the SWIFTRef database to […]
Global CISOs Concerned About Business’ Cybersecurity Readiness
Research by the Ponemon Institute focusing on Chief Information Security Officers (CISO) worldwide has found worrying levels of business readiness for cybersecurity threats. Drawing on insights from 184 global CISOs, a new F5-comissioned report has highlighted the latest challenges encountered in the increasingly influential role. “This new research provides a unique view into how CISOs […]
MCIT patronizes “Internet of Things Exhibition and Conference”
Under the Ministry of Communications and Information Technology (MCIT) patronage, The First Saudi International Exhibition and Conference for the Internet of Things will be taking place in Riyadh from 28th until 30th of January 2018. The event will feature leaders of specialized sectors in technology, communications, gas and petrochemicals, and services designed to propel the […]
Saudi’s Biggest Organizations Commit to Saudi Vision 2030 Digitization Goals
7th-8th November 2017- The Kingdom’s biggest public and private sector organizations have announced their commitment to Saudi Vision 2030 and National Transformation Program 2020 goals of digital transformation, with a common theme: Transform or Be Left Behind! The global economy is being constantly disrupted in the wake of digital technologies, business and governments alike have […]