Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Trend Micro Releases ‘Digital Souks,’ a Comprehensive Whitepaper on the Middle Eastern and North African Underground at GITEX 2017
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today at GITEX 2017, released its comprehensive whitepaper, “Digital Souks: A Glimpse into the Middle Eastern and North African Underground,” an in-depth analysis of the cybercriminal activities within the region. Prices for malware and hacking tools are generally a bit more expensive […]
SAP showcases its Achievements with The Executive Council of Dubai at GITEX Technology Week 2017
SAP, the global digital government enabler, is showcasing at GITEX Technology Week the strong success from a collaboration with The Executive Council of Dubai, to deploy SAP SuccessFactors and the Human Capital Management suite. This ensures following the world’s latest and best practices in all aspects. As a result, The Executive Council of Dubai is […]
BravoSolution Tejari set to highlight steps on how to help procurement pave- the – road to digitization
BravoSolution Tejari, a strategic procurement company, will discuss digital transformation in the Middle East procurement industry as part of the fifth Procurement Strategy Summit taking place in Dubai. The summit, being held on October 11-12, will focus on how digital technologies are revolutionizing the procurement industry as well as how organizations can capitalize on this […]
Middle East Organizations Rank Closing Skills Gap as Top Business Priority
Closing the skills gap is the top business priority for 40 percent of Middle East and North Africa organizations, one of the world’s leading digital skills enablers, SAP, announced today at GITEX Technology Week 2017. In the Digital Economy, where the only certainty is change, the one source of lasting competitive advantage is knowledge. While […]
“Badir” launches 4 new tech start-ups in the Saudi market
King Abdulaziz City for Science and Technology (KACST), represented by Badir Program for Technology Incubators and Accelerators, has launched four new technology companies, incubated by Badir, as a result of these companies’ success in launching their products, attracting customers and achieving future growth requirements. The launch of the new companies comes after they all received […]
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Huawei Ranks 70 on Interbrand’s 2017 Best Global Brands Report
The world’s leading brand consulting firm Interbrand, has announced its 2017 Best Global Brands Report and confirmed Huawei’s move to number 70 –two spots up from its ranking in 2016. Brand valued at approximately USD $6.676 billion; Huawei has grown by 14 percent over the past year. This is the third consecutive year where Huawei […]
Infor Says Cloud is Top Middle East CIO Priority in 2018
Infor, a leading provider of business applications specialized by industry and built for the cloud, today announced it will highlight its comprehensive CloudSuite offering to support business competitiveness and digitalized cities in the region at this year’s GITEX Technology Week 2017. The Middle East cloud applications market is expected to grow from $887.5 million in […]
64% of corporate treasurers ask for real-time payments tracking
– Recent survey from SWIFT and EuroFinance reveals corporates wish list for enhancements in cross-border payments. Unveiled at the EuroFinance International Conference in Barcelona, the survey, The future of payments: a corporate treasury perspective, gauged the views of 300 treasury professionals from corporations worldwide, ranging from SMEs to global corporations, in 18 different industries. The […]
VAT in the GCC: Benefits of voluntary registration, especially for small businesses
By Aaron White, Regional Director for Sage Middle EastFrom 1 January 2018, any business operating in the Gulf Cooperation Council (GCC) group of nations that earns revenue of Dhs 375,000 or more, will be legally required to register as a value-added tax (VAT) vendor. The new VAT law has come as a shock to many […]
Panasonic’s Business Solutions opens new frontiers at GITEX Technology Week 2017
Panasonic Marketing Middle East and Africa (PMMAF) will introduce its latest business solutions at GITEX 2017, which will run from October 8th to 12th, 2017, at Dubai World Trade Centre. Panasonic’s path-breaking solutions at GITEX will attract diverse audiences and deliver immersive and interactive visitor experiences. The Japanese manufacturer will be showcasing its innovative display […]
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GITEX Technology Week and GITEX Future Stars Inspire Businesses to Leverage Innovation and Become Global First-Mover Successes
The most influential technology exhibitions of their kind, GITEX Technology Week and the co-located startup event GITEX Future Stars welcome first-movers, game-changers and dream-makers from around the world to share in a vision of a technology-enabled future. Held at Dubai World Trade Centre (DWTC) from October 8-12, GITEX will bring frontier technologies to the forefront […]
Badir Program showcases 127 Saudi startups at GITEX Dubai
Saudi Arabia-based Badir Program for Technology Incubators, one of King Abdulaziz City for Science and Technology projects, will take part in GITEX Technology Week Exhibition 2017, which will be launched on the 8th of October at Dubai World trade Center. This initiative aims to highlight the role of the Program and its interest in supporting […]
CGS SELECTS HONEYWELL TO HELP DRIVE ENVIRONMENTAL SUSTAINABILITY IN THE KINGDOM OF SAUDI ARABIA
Global technology leader Honeywell (NYSE: HON) today announced that CGS, a leading refrigeration company in Saudi Arabia, has adopted its Genetron Performax® LT refrigerant to help meet its goals for environmental sustainability and energy efficiency, in line with Saudi Vision 2030’s environmental sustainability agenda. CGS showcased the adoption of environmental technology at Honeywell’s “Next Generation Refrigerants” […]
Saudi Retail Market to Top USD 142 Billion in 2021
Real-Time Digital Core Drives New Levels of Customer Engagement Saudi Vision 2030 will drive the Kingdom’s retail market to a record-high of USD 142 billion by 2021, industry experts announced today at the Saudi Consumer Forum by digital transformation enabler SAP. Thanks to an increasingly globally-minded and brand-savvy local population and tourists, the Kingdom is […]
His Highness Sheikh Rashid bin Humaid Al Nuaimi Experiences SAP Innovations to Drive Ajman’s Smart Government
His Highness Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Ajman Municipality and Planning Department, today toured the Middle East and North Africa headquarters of digital government enabler SAP, experiencing the latest innovations to drive Ajman Vision 2021 smart government goals. During the tour, he experienced SAP’s real-time digital government solutions, including the cloud-based […]
Eurisko Mobility Adds AI Bots to its Digital Experience Platform for Banks & Financial Institutions
In exciting news for both financial institutions and their customers, Lebanon-based mobile development leader Eurisko Mobility recently announced the addition of Artificial Intelligence Bots to its Digital Experience Platform (DXP), a cutting-edge solution tailored for banks and financial institutions. Eurisko’s fully customizable bots powers all DXP modules from Daily Banking and Personal Finance Management to […]
FM industry seeking to integrate technologies within their services
Integrating different technologies within business solutions can help advance the FM industry, experts discuss at the FM Expo. As part of the Facilities Management Congress within the FM Expo, in the panel Digital Future – Where we are and where we go – Is technology a game changer?, experts discussed how technology systems can help […]
Deutsche Bank hosts Saudi Capital Markets Conference in London
Deutsche Bank today announced the opening of The Saudi Capital Markets Conference in London, United Kingdom. Organized by Deutsche Securities Saudi Arabia (“DSSA”) in coordination with the Capital Market Authority (“CMA”) and the Saudi Stock Exchange (“Tadawul”), the conference is being held at Deutsche Bank’s offices in London on Wednesday and Thursday 27-28 September 2017. […]
ABB to acquire GE Industrial Solutions
ABB today announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial Solutions has deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market. GE Industrial Solutions is headquartered in Atlanta, Georgia, and has about 13,500 employees around the […]
Badr Jafar Calls for Global Purpose Hubs at UN High-Level Event on Innovation and Technology
While the rapid pace of technological change presents unprecedented opportunities to innovate, it is equally important to harness the power of technological innovation to address complex economic, social and environmental challenges, said Badr Jafar, CEO of UAE-based conglomerate Crescent Enterprises and Managing Director of the Crescent Group, in his closing keynote address at the United […]
World Green Economy Summit (WGES) 2017 highlights the importance of innovation and technology to power the green economy
With technological innovation shifting towards sustainable solutions, the fourth World Green Economy Summit (WGES) 2017, set to be held on 24-25 October at Dubai International Convention and Exhibition Centre, will highlight the role of innovation and technology in the transformation towards a green economy. Held under the patronage of HH Sheikh Mohammed Bin Rashid Al […]
Panasonic announces robust plans for Middle East under new leadership
Panasonic Marketing Middle East & Africa (PMMAF) – the regional headquarters for Panasonic has announced robust plans for Fiscal 2017 under the leadership of the new Managing Director Mr. Hiroki Soejima. The annual convention was held in Dubai today. Over 80 business associates from 12 countries attended Panasonic’s annual convention where the brand outlined increased […]