Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Business Confidence in the Middle East on the Rise
(ME NewsWire ) The latest Global Economic Conditions Survey (GECS) from ACCA and IMA, suggested positive signs for businesses in the GCC but a stark forewarning of how the shock of Brexit will hit a fragile recovery in global business confidence. Responding to the findings, Lindsay Degouve de Nuncques, head of ACCA Middle East said, […]
HID Global Acquires DemoTeller to Broaden Portfolio into Instant Issuance of Payment Cards
HID Global®, a worldwide leader in secure identity solutions, today announced that it has acquired DemoTeller, a leading provider of instant issuance solutions for the financial market. With this acquisition, HID Global is now able to address the needs of financial institutions and retailers for instant issuance of personalized financial or payment cards, such as […]
Rebounding Oil Prices Signal Moment for Energy Innovation to Support Saudi Vision 2030
Rebounding oil prices signal the moment for Saudi oil and gas firms to invest in technology innovation, supporting Saudi Vision 2030 and driving nearly USD 300 billion in oil exports, industry experts announced today. The Kingdom is the world’s largest petroleum exporter, producing 10 million barrels per day, and is taking on increased global importance […]
Watermark makes its mark at the Summit International Awards 2016
(ME NewsWire)- The jury of the Summit Creative Award 2016 have spoken. Dubai-based Advertising and Integrated Marketing Boutique Agency Watermark walks away with three Silvers and one bronze Summit Creative Awards for their innovative creatives. The leading agency won the silver award in the Sales/Press Kit and Industry Self- Promotion collaterals categories, while they bagged […]
KSA HOLIDAY MAKERS ARE SET TO SPEND NEARLY A WHOLE WORKING WEEK ON THEIR SMARTPHONE THIS SUMMER
Huawei honor, the no 1 smartphone e-brand, predicts that holidays-goers this summer will spend up to a staggering 35 hours a week on their smartphone. Three quarters of residents in Saudi will spend upwards of an hour a day taking pictures on their phones, with more than one third spending between 41 minutes to an […]
MICE Industry Enhances the Kingdom’s position as the business hub of the region
Along with the Economic and Cultural developments witnessed in the Kingdom and the region, The MICE industry recorded considerable growth over the past few years, by approving 6584 events in 2015 thus achieving a 23% increase compared to the previous year. As one of the major economic sectors that indicates healthy economic development, the MICE […]
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TechAccess Hosts Extreme Networks Focused Training Session for Partners
TechAccess, the leading value added distributor in the Middle East, North Africa, LEVANT, Pakistan and Afghanistan has successfully concluded its first technical training session for new partners of Extreme Networks. Partners were introduced to TechAccess’ business model, given an overview of Extreme Networks’ products and solutions, and received immersive training on basic switch configuration at […]
UAE among top performers in E-Government Development Index 2016
The UAE prominently featured major developments in its e-services and ranked high in the latest UN Department of Economic and Social Affairs’ (DESA) E-Government Development Index (EDGI) Survey 2016, according to UN DESA’s Vincenzo Aquaro, Chief E-Government Branch, Division for Public Administration & Development Management. The statement reflects the huge success and progress in the […]
Enhance Customer Service Experience Using Self-serviceby Nidal Kamouni, CEO, PCCI Group
The essence of customer service can be traced to time immemorial. On the other hand, the method of delivery of the customer service experience needs to be continually updated to match the desires and expectations of an ever-changing customer base and that is why we believe that the customer experience landscape is ripe for disruption with companies […]
GCC fertilizer capacity to expand by 14% over the next five years,
Fertilizer production in the Arabian Gulf is set to expand to 43.1 million tons in the next five years, according to a new report by the Gulf Petrochemicals and Chemicals Association (GPCA). At 37.8 million tons, the GCC’s current fertilizer capacity earns US$6.3billion in sales revenue, according to the GPCA’s 2015 Fertilizer Indicators report. Additionally, […]
Visa returns with #NotATourist Summer Getaway 2016 to reward holiday spends of KSA cardholders
Visa (NYSE:V), a global payments technology company, has announced the launch of its highly anticipated ‘Not A Tourist’ Summer Getaway 2016 campaign that will provide Visa cardholders in the Kingdom of Saudi Arabia with a chance to win exciting holiday packages every week until 12 September 2016. To be automatically entered to win a holiday […]
160808 Home Box Continues Growth across the KSA eng
Home Box, Landmark Group’s value driven furniture brand has opened its newest store in Al Rass on 5 August 2016. The new store, located at the Oasis Mall, Al Rass, is the ninth Home Box store in the Kingdom. Spanning an area of over 2020 square metres, the store showcases the brand’s newest collections of […]
Arabian Centres launches mall leasing opportunities for homegrown boutiques
Arabian Centres, the largest developer, owner and operator of shopping malls in Saudi Arabia, announced today an initiative that enables homegrown boutique brands to set-up operations in Arabian Centres’ portfolio of 18 shopping centres in the kingdom. The programme which starts from few weeks is aimed at supporting young entrepreneurs and new retail brands based […]
TRA Reveals Data for First Quarter of 2016 on UAE Market Shares of Mobile Handsets, Smartphones and Social Networking Sites
The Telecommunications Regulatory Authority (TRA) has revealed statistics for the first quarter of 2016 on the nation’s most popular mobile phone handsets, social networking platforms and applications websites. Investigating the current state of the market, the report reveals the market share of mobile phones in the UAE by manufacturer and model. According to the report, […]
Panasonic Announces the Winners of their ‘YallaRio’ Campaign
Panasonic Marketing Middle East and Africa (PMMAF) is pleased to announce the winners of its one-and-a-half-month #YallaRio Olympic promotion campaign that ended on 30 June. Marie Antonette Cubol and Rey John Paul – couple from the UAE, Hossam El Din Mahmoud Mohamed Aly from Oman, and Sami Hasen Mohmad Khader from Jordan are the lucky […]
STUDY finds environmental cost of plastics NEARLY FOUR times LESS THAN alternative Materials
The Gulf Petrochemicals and Chemicals Association (GPCA) has highlighted the findings of a new study by Trucost, a leading environmental research organization, that finds the environmental cost of using plastics in consumer goods and packaging is nearly four times less than if plastics were replaced with alternative materials. The study is based on natural capital […]
Kantar Media_TView TV Measurement Endorsed By CESP
Global recognition for TView system, backed by leading UAE Media groups including National Media Council & TRA Jeddah; 27 July 2016: In response to growing demand for acceptable measurement standards within the regional media and advertising industries, independent media auditor Centre d’étude des supports de publicité (CESP) has audited the national TView People Meter-based Television […]
ManageEngine Earns Top Value Score in Info-Tech ITAM Research
ManageEngine, the real-time IT management company, earned the top Value Score in Info-Tech Research Group’s Vendor Landscape: IT Asset Management (ITAM). The company’s ITAM solution, AssetExplorer, earned Info-Tech’s Value Award for providing “comprehensive asset management and integration to ManageEngine ITSM, desktop management, and IT operations modules at a fraction of the price of other tools.” […]
Mobile Technology Redefines How Saudi Arabia Does Business
Mobile technology is transforming the way Saudi Arabia does business, and has grown into the most effective communications channel for local, regional, and international companies trying to tap into the limitless potential presented by the Kingdom’s prosperous market, according to KSA industry experts. Businesses across the country are quickly beginning to realize the importance of […]
Telecoms giant, Verizon buys Yahoo’s search and advertising operations for $4.8bn
US telecoms giant, Verizon Communications, has bought Yahoo’s search and advertising operations for a deal of around $4.8bn. Verizon said the deal for Yahoo’s core internet business, which has more than a billion active users a month, would make it a global mobile media company. Commenting on this news, Juan Jose Rio, partner at advisory and […]
Dubai Silicon Oasis Authority and Thomson Reuters to Host Second ‘Innovation 4 Impact’ Pitch Competition
The second edition of the Innovation 4 Impact Competition will take centre-stage at the Global Islamic Economy Summit 2016 (GIES 2016) to be held under the theme ‘Inspiring Change’, at the Madinat Jumeirah in Dubai, from October 11-12. Islamic digital economy entrepreneurs from around the world will compete for a chance to win cash, gain […]
GE completes the first of its kind upgrade in the Middle East and Africa at the Nubaria power plant in Egypt decreasing fuel c onsumption by 3%
GE (NYSE: GE) today announced that it has completed the upgrade of two GE 9FA gas turbine at the Nubaria power plant, located in Beheira, Egypt, and owned by the Middle Delta Electricity Production Company’s (MDEPC). The upgrade includes the installation of GE’s latest combustion solutions for the 9FA gas turbine including Advanced Gas Path […]