Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
New Study from GSMA and CAICT Forecasts That China Will Be the World’s Largest 5G Market by 2025
Chinese operators are on track to launch commercial 5G networks by 2020 and are expected to establish China as the world’s largest 5G market by 2025, according to a new study by GSMA Intelligence and the China Academy of Information and Communications Technology (CAICT). The new study ‘5G in China: Outlook and Regional Comparisons’, which […]
Empower presents best practices and innovations at International District Energy Association’s (IDEA) Annual Conference & Tradeshow in United States
Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, shared some of its latest best practices and innovations at the International District Energy Association’s (IDEA) 108th Annual Conference & Tradeshow held in Scottsdale, USA,from26 to 29 June2017. “District Cooling has emerged as one of the best […]
SWIFT offers 200,000 EUR for FinTech community to leverage gpi platform
SWIFT invites FinTech companies worldwide and the region to develop new overlay services that leverage its SWIFT global payments innovation (gpi) platform. SWIFT will provide up to 200,000 EUR funding for the two winning FinTech finalists of an Industry Challenge. The FinTech winners will work with banks on collaborative innovation concepts that solve additional industry […]
Maqta Gateway Reveals New Innovative Solutions covering Online Payment and Licensing Services
Maqta Gateway a subsidiary of Abu Dhabi Ports, and the developer and operator of Maqta Port Community System (MPCS), has announced the launch of new innovative solutions including Maqta Payment Solution and Maqta License Management System. The reveal took place during the Ramadan iftar hosted by Maqta Gateway, in the presence of representatives from the […]
Selection of Preferred Bidder for the Sale of Toshiba Memory Corporation
Toshiba Corporation (TOKYO:6502) hereby announces that its board of directors today resolved to select the consortium of Innovation Network Corporation of Japan, Bain Capital Private Equity LP, and Development Bank of Japan (“the Consortium”) a preferred bidder in respect of the sale of Toshiba Memory Corporation (“TMC”). TMC was split from Toshiba Corporation on April […]
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Middle East Offers Robust Growth Opportunities in IoT Adoption
As the Internet of Things (IoT) comes into focus, a majority of organizations across the world are trying to understand its role and relevance to their growth. IoT already connects more than 10 billion devices worldwide and over the next five years, this number is expected to grow to 100 billion. By 2025, IoT will […]
KAL Launches Open Banking Technology Ahead of Europe’s PSD2 Initiative
KAL, a world-leading provider of banking software, is delighted to announce the launch of its new open banking technology designed to help banks get ready for the upcoming Second Payment Services Directive (PSD2). PSD2 will transform the European financial sector, establishing what is widely known as Open APIs for banking. PSD2 aims to increase competition […]
Microland Positioned as a Major Contender in Everest Group’s PEAK Matrix™ for Solutions: IT Infrastructure Services Automation 2017
Microland, a leading global hybrid IT service provider, announced that it has been positioned as a “Major Contender” in Everest Group’s PEAK Matrix™ for Solutions: IT Infrastructure Services Automation 2017. As a part of this report, Everest Group analyzed 15 leading service providers on a combination of analyst assessment and feedback, collated from client interviews. […]
HID Global Shares IFSEC Study Revealing How Trusted Identities Bridge Gap Between Connected Workers and Smart Buildings
A recent study conducted by IFSEC Global reveals how trusted identities can serve as the backbone for smart buildings and today’s connected workforce. Sponsored by HID Global, the access control study on the connected workplace explores the trends in smart buildings and the increasingly important need for identity-aware building systems that offer greater convenience, security […]
New Study Compares Performance of Masimo Next Generation SedLine® Patient State Index (PSi) to Original PSi During Anesthesia
Masimo (NASDAQ: MASI) announced today the findings of an abstract presented at Euroanaesthesia 2017 in Geneva, Switzerland. In the study, researchers at University Medical Center Groningen, Netherlands, compared original and Next Generation versions of Masimo Patient State Index (PSi, a processed EEG parameter related to the effect of anesthetic agents) during Masimo SedLine® brain function monitoring of patients under […]
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Middle East Small Businesses Drive Big Data Market to USD 12 Billion by 2020
Middle East medium and smaller businesses will drive the region’s USD 12 billion business intelligence market, according to the newly appointed channel head at digital transformation enabler SAP. While small- and medium-sized enterprises comprise the majority of Middle East enterprises, they lag in digital technology adoption. Among SMEs in the region, only 18 percent in […]
BlackBerry and VoxSmart Partner to Help Financial Services Firms
BlackBerry Limited and VoxSmart, leading mobile surveillance and compliance firm, are announcing today the companies have partnered to help financial services firms comply on time with the European Union’s Markets in Financial Instruments Directive (“MiFID II”). With BlackBerry UEM (Unified Endpoint Management), which connects and manages endpoints, VoxSmart’s patented technology VSmart™ will provide financial services […]
Wadi – a year on since Series A funding
Wadi, the leading eCommerce site in KSA and UAE, marks its first anniversary since receiving $67m Series A funding. The online-oasis reports on key statistics, 100% year-on-year growth, what 2017 holds for the business being at the border of an operational break-even. Last year, Wadi was the largest Series A round among tech start-ups in […]
Quisk Middle East and Network International Offer Innovative Digital Payment Solution
Quisk Middle East, a global provider of digital payment services and solutions, is set to launch its all-new banking payment platform in the UAE, to be applied at all of Network International’s points of sale across the country.Backed by the Smart Dubai Government Establishment (SDG), Quisk Middle East had been developing this new generation of […]
Study: 99% of all Islamic websites to do not capture the youth’s interest.
A Study conducted by W7worldwide, a consultancy agency for strategies and media, stated that 99% of Islamic websites do not attract of capture the interest of the new generation siting that less than 1% use specialized themes that are attractive enough for the youth of today’s generation. The study covered 57 Arab in Muslim countries […]
Middle East firms invested $10 billion in System Integration in 2016
The System Integrators (SI) services market in the Middle East and Africa was valued at US$10.34 billion at the end of 2016, following a five-year growth spurt during which the market increased by a Compound Annual Growth Rate (CAGR) of 8.87%, posing huge opportunities to bring solutions to new sectors according to STME, the Middle […]
Empower launches Bills payment facility through Emirates NBDATM/CDMs
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, launched payment facility for its customers through Emirates NBD (ENBD) bank’s ATMs and CDMs across the country. The new service is part of wider customer relation management (CRM) initiatives now being implemented by Empower. The new service will allow Empower’s more than […]
KPMG report: GCC banking sector remains resilient in challenging times
The GCC’s banking sector’s overall outlook is positive according to KPMG’s GCC listed bank results report, which analyses the published 2016 financial statements of 56 leading listed commercial banks across GCC. The report, which covers over 90 percent of the region’s listed banking assets, indicates that banks have performed well over the last 12 months […]
Panasonic Announces Environment Vision toward 2050
Panasonic, a global technology leader, announced its new long-term environment vision called “Panasonic Environment Vision 2050” on World Environment Day. The new vision will guide the Panasonic Group to practice environmentally sustainable management toward 2050. Panasonic Environment Vision 2050 aims to achieve “a better life” and “a sustainable global environment,”. Panasonic will create more and […]
Everest Group Names IPsoft the Top Leader in IT Operations Automation
IPsoft, the leading digital labor company, today announced that it has been recognized as the top “Leader” in IT operations automation as determined by Everest Group’s “IT Operations Automation – Market Update and PEAK Matrix™ Assessment for Products” 2017 report. The PEAK Matrix assesses the relative market success and overall capability of technology providers across […]
Sage bolsters commitment to Partners, Accountants & Alliances as Jennifer Warawa appointed to new global leadership role
Sage has appointed Jennifer Warawa as the EVP of Partners, Accountants, and Alliances, reporting to President Blair Crump. Warawa is a ten-year veteran of Sage and an accountant by trade. In her new role, she will take responsibility for leading the tech company’s network of partners and accountants as they grow their businesses with Sage, […]
Bee’ah launches new tech company EVOTEQ at SAP Innovation Day
Bee’ah, Sharjah’s pioneering environmental management company, has announced the launch of a new company, EvoTeq, and signed two new business agreements in its quest to deliver innovative tech-based solutions to combat pressing issues faced by the region. The signing ceremonies and announcements took place during Bee’ah’s participation in the SAP Innovation Day, taking place at […]