Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
SDG briefs high profile delegation from Abu Dhabi Department of Finance on best government practices
Smart Dubai Government Establishment (SDG), the technology arm of Smart Dubai, recently received delegates from the Department of Finance – Abu Dhabi. The visiting delegation wanted to be briefed on the SDG’s best practices in government resources planning systems (GRPS) and discuss means of exchanging expertise and prospects of future cooperation. Huda Al Hashimi, Director, […]
CABRTech and Bentley Systems Advance “BIM for Buildings” in China through Technology Licensing Subscription and Support Agreement
ABRTech and Bentley Systems today held a signing ceremony for a Technology Licensing Subscription and Support Agreement that advances “BIM for Buildings” in China. CABRTech developed and holds independent intellectual property rights to the domestic, customized PKPM-BIM platform and professional software, which was designed to solve the key challenges of BIM data sharing and collaboration […]
Software AG unveils plans to explore USD 420 billion Iranian economy
Software AG, an enterprise software developer, has revealed its strategic plans to venture into Iran to leverage its potential of becoming the fastest-growing IT sector in the Middle East region in the next five years. During its recent visit to the country, the team from Software AG signed a partnership agreement with two local partners, […]
Cloud Computing Is More Than Just A Tech Shift
While the term cloud has become increasingly familiar in the region, many of its business benefits can be overlooked due to the number of acronyms and options inbuilt around the service. Cloud computing delivers significant benefits in terms of tangible business metrics such as simplified and flexible IT environment, right sizing of IT requirements, and […]
SDG honours three individuals for providing innovative ideas to Mohammed Bin Rashid Smart Majlis
Smart Dubai Government Establishment (SDG) has honoured three individuals for their innovative ideas that SDG received through Mohammed Bin Rashid Smart Majlis, an integrated platform for receiving innovative ideas, suggestions and comments and offering a real opportunity for Dubai inhabitants to contribute to building the city to become home of happy, proud and satisfied people. SDG has so far received numerous innovative ideas and developmental observations through Mohammed Bin Rashid Smart Majlis including 442 ideas related to Smart Dubai Government and 73 […]
Malls in the Region Should Look into Smarter Lighting Options
Experts from retail lighting and the décor industry debate that smart and flexible lighting standards in regional malls can help brands build an identity as well as save a considerable amount of energy. These and other topics were discussed by an expert panel from the retail lighting sector that included manufacturers, consultants, facility management companies, […]
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Smart Dubai showcases Happiness Agenda strategy at DEWA
Smart Dubai Office (SDO) held an introductory meeting at the headquarters of Dubai Electricity and Water Authority (DEWA), during which H.E. Dr. Aisha Bint Butti Bin Bishr, Director General of SDO, met with H.E. Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, to showcase Smart Dubai Happiness Agenda developed by the SDO in […]
SDG holds brainstorming session to develop shared services
Smart Dubai Government Establishment (SDG), in co-operation with a number of its strategic partners in government entities, has organized a brainstorming session titled “Challenges of connected services” as part of its innovative activities and its efforts for developing government shared services, which are offered in partnership or collaboration with several government entities to ensure sustainable […]
STME Receives Veritas’ ‘Enterprise Partner of the Year Award’
STME, the Middle East’s leading IT solutions provider and systems integrator (SI), headquartered in Dubai, received the Veritas ‘Enterprise Partner of the Year Award’ at the recently concluded gala ‘Veritas Channel Award Night 2016’. The Veritas award recognizes STME’s perseverance and deliverance of services, products, and solutions to clients, especially focusing on enterprise clients. “It […]
Abdul Latif Jameel Motors: “More than 360 Million Imported Counterfeit Spare Parts Have Inflicted Major Losses on the Economy”
Experts in the Saudi automotive industry confirmed that the sector suffered approximately SAR2 billion in losses due to the dramatic increase in counterfeit spare parts in the local market. This worrying proliferation of fraud and counterfeiting negatively impacts not only the automotive sector, but the economy and the consumer. During the recent “Risks of Counterfeit […]
UAE SMEs Unlock Islamic Economy Gains with Data Management
UAE small- and medium-sized enterprises (SMEs) are unlocking Islamic Economy gains by better managing their data, industry experts announced today. The UAE has been ranked as the top Islamic Economy country in Europe, the Middle East, and Africa, according to a recent report by Dinar Standard and Thomson Reuters. The Islamic Economy is set to […]
Residents in Saudi Arabia spend almost a quarter of their day on social media
Residents in Saudi Arabia spend approximately five hours a day using social media on average and 30% have six to 10 applications installed on their smartphone according to new research from YouGov. The findings, captured amongst over 4,000 residents in Saudi Arabia, revealed that the time spent on social media varies depending on age group. […]
SmartLife Selected as the First Major NGO Partner for Sage Foundation in the UAE/Middle East
Sage, the market leader for integrated accounting, payroll and payment systems, has selected the first recipient in the Middle East to partner with through Sage Foundation – a global initiative to transform lives by investing time, money, expertise and technology in local communities around the world. A collaboration with SmartLife, an NGO based in Dubai, […]
Veritas Crowns Condo Protego as MVP of Middle East IT Channel
Global IT company Veritas has crowned Condo Protego as the “Most Valuable Partner” in the Middle East and Africa at the recent Veritas Channel Awards. Condo Protego, which has the region’s highest market share of Veritas information management solutions, also won “Enterprise Partner of the Year – Gulf”. This was the first awards since Veritas […]
Teleopti celebrates 10 years in the Middle East
Teleopti is celebrating it’s tenth year anniversary operating in the MENA region. It was in 2006 that Teleopti management team understood the need to expand its business into this fast evolving region, and within a year a representative office was opened. The results quickly exceeded expectations. The company started with just a couple of employees […]
Increased internet penetration in the Arab World leads to exponential growth in GCC online ad spending, says Orient Planet Research Report
Increased internet penetration in the Arab World has led to a jump in the GCC region’s online ad spending for this year with internet ads in the GCC set to grow 20 per cent in 2017, according to a market research report recently launched by Orient Planet Research, an Orient Planet Group venture. The report, […]
Canon demonstrates strength in print with 8 BLI award wins
Canon Middle East, world leader in imaging solutions, today announces that it has won the prestigious ‘A3 MFP Line of the Year’ award, along with seven other awards from testing and research organisation, Buyers Laboratory (BLI). Canon’s manufacturing quality and innovative product evolution, based on close collaboration with customers, saw BLI present Canon with the […]
Gartner Says Governments in Middle East and North Africa to Spend US $11.5 Billion on IT in 2016
Governments in the Middle East and North Africa will spend US $11.5 billion on IT products and services in 2016, according to Gartner, Inc. This forecast includes spending on internal services, software, IT services, data center systems, devices and telecom services. Government comprises state and local governments and national government. Telecom services, which include fixed […]
Supreme Committee for Consumer Protection mulls adoption of standardized guidance document for electronics
H.E. Eng. Sultan bin Saeed Al Mansouri, the Minister of Economy, headed the second meeting of the Supreme Committee for Consumer Protection for 2016 held at the Grand Hyatt Dubai Hotel. H.E. Eng attended the session. Mohammed Ahmed bin Abdul Aziz Al Shehhi, Undersecretary of the Ministry of Economy for Economic Affairs; H.E. Humaid bin Butti Al Muhairi, Assistant […]
Cisco Predicts Middle East & Africa to have Highest Growth in IP Traffic Worldwide
According to the 11th annual Cisco Visual Networking Index™ (VNI) Complete Forecast for 2015 to 2020, global IP traffic will nearly triple at a compound annual growth rate (CAGR) of 22 percent over the next five years. The Middle East and Africa (MEA) region will see a 6-fold growth in IP traffic, which is the […]
Internet-of-Things spending for manufacture-related processes in MEA region forecasted to grow by 16 per cent in 2016
Internet-of-Things (IoT) spending for manufacture-related processes in the Middle East and African region (MEA) is poised to increase by 16 per cent Year-on-Year (YoY) starting 2016, running up to a total of over USD1.22 billion, according to a recent report from the International Data Corporation (IDC), a leading market, research, analysis and advisory firm. The […]
UAE an Oasis for Entrepreneurs Which Will Contribute to Increasing Global Digital GDP by USD 1.5 Trillion through 2020
UAE digital Startups can become the keystone in increasing global GDP by USD 1.5 trillion and creating 10 million youth jobs, industry experts announced this week at the recent SAP Startup Focus Event, held in the build-up to GITEX Technology Week 2016. By 2020, digital startups in general will help increase global GDP by USD […]