Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Al Marjan Island (AMI) takes part at the Global Real Estate Institute – London Forum
Al Marjan Island (AMI) Company, a leading waterfront development company in the UAE, has taken part in the Global Real Estate Institute (GRI) – London Forum, a global club of senior level investors, developers and lenders in real estate. The international forum gathered the world’s leading real estate players to develop valuable relationships, find new […]
Solar Energy in Dubai: Sun is our Limit
Following immense natural resources consumption on Earth, mankind has finally set a new ambitious goal to get his energy needs through renewable resources. This idea seemed difficult several decades ago, but it has formed a framework for an integrated industrial sector driven by the needs of survival and preserving a secure future for generations to […]
Hili Mall in Al Ain City launches a 38 days ‘Shop and Win’ campaign
Hili Mall in Al Ain, unveiled its first ‘Shop and Win’ innovative concept that will award 3 lucky shoppers with generous gift vouchers; redeemable at any of the mall’s outlets, when spending minimum of AED 200. Hany Abd El-Hamid. Deputy General Manager – Hili Mall said ”we decided in Hili Mall to unveil continued Marketing […]
Ooredoo Group Q1 2016 Reported Revenue of QAR 7.9bn
Ooredoo Q.S.C. (“Ooredoo”) – Ticker: ORDS today announced results for the first quarter ended 31 March 2016. Financial Highlights: Quarterly Analysis Q1 2016 Q1 2015 % change Consolidated Revenue (QAR mn) 7,888 8,037 -2% EBITDA (QAR mn) 3,179 3,205 -1% EBITDA Margin (%) 40% 40% – Net Profit Attributable to Ooredoo Shareholders (QAR mn) 879 […]
Fortinet’s Security Fabric Offerings and Strong Execution Drive Revenue Growth of 34% Year Over Year
Fortinet® (NASDAQ: FTNT), a global leader in high performance cyber security solutions, today announced financial results for the first quarter ended March 31, 2016. “During the first quarter, Fortinet executed very well and outperformed across all key metrics,” said Ken Xie, founder, chairman and chief executive officer. “The increasing complexity of the IT security landscape […]
Egyptian Banks Will Benefit From Devaluation and Rising Interest Rates
On 14 March, the Egyptian central bank devalued the Egyptian pound by 14% versus the dollar to EGP8.85. Three days later it increased the country’s benchmark interest rate by a substantial 150 basis points to 10.75%. The currency devaluation comes at a time of low net international reserves and is credit positive both for Egypt […]
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Digital Transformation Can Double Qatar’s Commercial Output to USD 4 Billion by 2019
Digital transformation can double Qatar’s commercial output to over USD 4 billion by 2019, leading organizations agreed at a major technology event today. With hyper-connectivity and e-commerce, Qatar’s business-to-business and business-to-consumer markets are set to grow from USD 2.3 billion in 2014 to USD 4.3 billion in 2019, according to the Ministry of Transport and […]
The Euromoney Saudi Arabia Conference Starts on 3 May
H.E. Dr. Ibrahim Al-Assaf, Minister of Finance, Kingdom of Saudi Arabia, will be the first in a series of distinguished keynote speakers at the Euromoney Saudi Arabia Conference on Tuesday, as the biggest financial conference in the Kingdom reviews the bold steps being taken to transform the economy. Last week, the government unveiled a long-term […]