Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Saudi Arabias National Commercial Bank joins SWIFT gpi
SWIFT announces today that Saudi Arabia’s National Commercial Bank (NCB) has signed up for its global payments innovation (gpi) service. The bank is the first in the country to join forces with over 100 leading banks globally. SWIFT gpi dramatically improves the customer experience in cross-border payments by increasing the speed, transparency, and end-to-end tracking […]
Three trends driving demand for Cloud in 2018
Businesses in the Middle East that invest in Cloud capabilities in 2018 will select their Cloud partner based on cyber security, flexible payments and value added services such as round-the-clock support, according to leading IT solutions provider and systems integrator, STME. In order to keep up with the rapid evolution of IT systems for business, […]
AWOK.com launches its services in the KSA
AWOK.com, UAE’s largest e-commerce player has now ventured into the KSA region. This is in line with the company’s vision of expanding its operations across the GCC. Customers in the KSA region will now be able to purchase from around 50,000 products across 30 categories. With this new development, customers will now be able to […]
Think You Can Text or Talk while Driving Your Brain Probably Disagrees
Most people think they can do two things at once but psychological research proves the brain is just not wired to multitask, especially when driving. When the brain is taxed with too many simultaneous actions, it actually performs each one slower. So, for example, while many people may think they can safely talk on the […]
Empower reinstates its position in carbon neutral practices
Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, received the official Certified Emission Reductions (CERs) cancellation certificate issued by United Nations Framework Convention on Climate Change (UNFCCC) for the successful offset of emissions during the IDEA District Cooling 2016 Conference, in cooperation with Dubai Carbon […]
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As World’s Largest Privately-Controlled Technology Company
Dell Technologies, the world’s largest privately-controlled technology company, celebrates the first anniversary of its formation through the historic merger of Dell and EMC. In its inaugural year, the company formed a unified Dell and Dell EMC salesforce and created a $35 billion Dell Technologies channel and global channel program that added 10,000 new business customers […]
GFC/Net rebrands to Global Communication Partners
Shirley Collyer, Lansons, appointed Chair Global Financial Communication Network, the global network of specialist financial communications agencies, has rebranded as Global Communication Partners (GCP). At the same time, Shirley Collyer has been elected Chair. Shirley is partner and board director of Lansons, the UK partner of GCP. Borouj Consulting is GCP’s partner in the United […]
UberPITCH Returns to Saudi Arabia to Help Foster Innovation and Entrepreneurship
Following the success of the UberPITCH campaign in 2015 and 2016, which last year saw 12 entrepreneurs across the region secure sponsorship from Uber for the ArabNet Digital Summit, Uber has today announced the launch of UberPITCH 2017, in partnership with ArabNet, a pan-regional campaign that spans across 5 countries and 8 cities, and which […]
TP-LINK to Raise Awareness of Its Products in The SMB Market in Middle East and Africa
TP-Link Technologies Co Ltd, a global provider of SOHO, SMB networking products and wireless LAN solutions, has announced a plan that will see it help channel partners to raise awareness of its SMB products and solutions in the Middle East and Africa (MEA) market. According to the vendor which manufactures a broad range of products […]
Empower joins hands with Al Ansari Exchange to facilitate District Cooling bills payment service
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider has signed an agreement with Al Ansari Exchange, the UAE’s leading money exchange network that provides foreign exchange and worldwide money transfer services, to facilitate consumer payment of Empower’s district cooling bills through the branches of Al Ansari exchange. The agreement was […]
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90 Percent of CIOs to Invest in Internet of Things by 2019
With 90 percent of organizations investing in the Internet of Things by 2019, business transformation enabler SAP will showcase how the Internet of Things can drive Middle East digital business competitiveness at GITEX Technology Week 2017. By 2025, research firm IDC predicts there will be 80 billion Internet of Things devices worldwide, enhancing productivity, efficiency, […]
Empower contributes to Dubai Blood Donation Centre through its blood donation drive
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider organised a blood donation drive at its headquarters in collaboration with Dubai Blood Donation Centre on 28 August 2017. The blood donation drive was conducted in line with the UN’s Global goals for sustainable development and 2021 Dubai Plan, reflecting the principles […]
UAE FinTech Startup Trriple to Showcase Digital Payment Innovations at GITEX
Digital payments will dethrone “cash as king” in the Middle East, and boost regional GDP by nearly USD 100 billion, industry experts announced today ahead of GITEX Technology Week. As Middle East countries accelerate their digital transformation agendas with nationwide high-speed technology connectivity, one of the biggest benefits will be quick and easy mobile payments. […]
VAT in the GCC: What does it mean for your business?
By Aaron White, Regional Director for Sage Middle East On 1 January 2018, value-added tax (VAT) will come into effect for the first time in the United Arab Emirates. Naturally, small businesses are concerned about the financial and operational impacts of VAT compliance, especially since they’re used to operating in a low-tax business environment. While […]
Why Middle East Boardrooms Will Prioritize Innovation, Data Centers, and Security in 2018
The Middle East’s shift to digital business has created a dilemma for the regions CIOs. They need to innovate and implement change, while also retaining levels of control and management. Every Middle East industry is being impacted by this rush towards the Digital Economy and the increasingly connected Internet of Things era. Research from VMware […]
Barclays continues to expand Private Bank team in MENA
NEWS RELEASE Barclays continues to expand Private Bank team in MENA Dubai based Head of Global Investments & Solutions for MENA clients Saudi Arabia – August 2017: Barclays announced today the appointment of Bjorn Holderbeke as MENA Head of Global Investments and Solutions (GIS) for its Private Bank. Based in Dubai, Holderbeke will be responsible […]
Sage 300 User Conference to focus on VAT
Sage, the market and technology leader for integrated accounting, payroll and payment systems, is to host an exclusive customer event to help business professionals navigate the UAE’s implementation of Value Added Tax (VAT) in January 2018. The Sage 300 User Conference takes place from 8.30 on 15 August 2017 at the Armani Hotel, Burj Khalifa, […]
SEDCO Capital Launches a Groundbreaking New Investment Strategy
SEDCO Capital, one of the largest asset managers in Saudi Arabia, has launched a new investment strategy called Prudent Ethical Investing (PEI) that integrates its Shariah-compliant investment approach with ethical investing. PEI stresses the importance of due diligence and transparency around investment structures, processes and reporting while also integrating the analysis of environmental, social and […]
UAE Public Sector Drives USD 300 Million Blockchain Market
The UAE public sector is driving the country’s blockchain’s USD 300 million market to deliver fast and secure customer and citizen transactions, global blockchain enabler SAP announced today. In contrast to business transactions with third parties like banks, blockchain sends records over a peer-to-peer network. With the inter-connected Internet of Things era advancing, UAE organizations […]
ISO 22301 Certification for Business Continuity Management System awarded to Abu Dhabi Ports
Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, in addition to the Port of Fujairah, and Khalifa Industrial Zone Abu Dhabi (KIZAD), has been awarded the ISO 22301 certification for its Business Continuity Management System (BCMS). The certification is a business continuity management […]
SAB Holding Selects IBM Cloud to Accelerate its Mission-Critical Business Processes
IBM (NYSE: IBM) today announced that SAB Holding, an industrial conglomerate headquartered in Jeddah, Saudi Arabia, has selected IBM Cloud to host its mission-critical SAP® applications. IBM Cloud’s SAP-certified infrastructure will provide SAB Holding with the agility and speed the company needs to keep pace with business demands, while helping accelerate its business processes and […]
“Riyadh Airports” and “Uber” sign an agreement to transport passengers to and from King Khalid International Airport
Riyadh Airports Company and Uber have signed an agreement to transport passengers to and from King Khalid International Airport (KKIA) in the Saudi capital, Riyadh. CEO of Riyadh Airports, Saleh Al Rasheed said “The agreement, which was signed today, is the first of its kind for the company in the Kingdom, and allows Uber driver-partners […]