Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Empower commences operations in third district cooling plant in Business Bay with capacity of 45,000 RT
Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, has commence operations in its third Business Bay district cooling plant. The company said in a statement the new plant will cover commercial and residential buildings. By this, Empower currently provides 135,000 RT to the entire Business Bay area.The plant took around […]
Gulf Air Signs TransSys To Accelerate Its Digital Transformation Journey With Mobility and Hybrid Cloud
Gulf Air and TransSys Solutions announced that they have partnered to enhance Oracle E-Business Suite capabilities and features to utilise latest technologies such as mobility and interface to Hybrid Cloud. The agreement was signed by Dr. Jassim Haji, Director Information Technology, Gulf Air and Prabu Balasubramanyan, Executive Director, TransSys Solutions. As part of Gulf Air’s […]
Telecommunications Regulatory Authority set to organize workshop series aimed to help further develop UAE’s Smart Government Program
The Telecommunications Regulatory Authority (TRA) has announced its move to organize a series of workshops aimed towards helping further develop the UAE’s ‘Smart Government’ program. The workshops, which will be held from May 16 – 22, 2016, will be facilitated by an expert from the United Nations (UN) Department of Economic and Social Affairs. The […]
KERZNER INTERNATIONAL APPOINTS STUART THOMSON AS EXECUTIVE VICE PRESIDENT GLOBAL HUMAN RESOURCES
Kerzner International Holdings Limited (the “Company”) has appointed Stuart Thomson Executive Vice President of Global Human Resources, effective 10 April2016. In this role, Mr. Thomson will lead the Company’s Human Resources strategy, and will work with the operations and HR leaders of Kerzner to adopt and implement best practice human resources initiatives that will support […]
Empower saves 263 million gallons of fresh water in 2015
Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, achieved record saving of 263 millionin imperial gallons of fresh water in 2015, enough to fill 478 Olympic swimming pools. This was achieved despite the higher demand for District Cooling services in Dubai, in which Empower occupies a share of 70%. This […]
eHosting DataFort Awarded ‘Managed Services Provider of the Year’ at the Intelligent CIO Technology Excellence Awards 2016
eHosting DataFort (eHDF), the region’s leading Managed Hosting and Cloud Infrastructure services provider, was awarded the prestigious Intelligent Managed Services Provider of the Year at the Intelligent CIO Technology Excellence Awards 2016. The award ceremony took place recently at the Westin Hotel in Al Habtoor City, Dubai and honoured companies and end-user individuals that have […]
Ad
More than 220 international and local companies Launching The Saudi Power and Saudi Aircon Exhibition 2016
H.E. Dr. Saleh Bin Hussein Al Awaji inaugurated the Saudi Power 2016 exhibition organized by Riyadh Exhibitions Company in collaboration with Informa Company. The show brings together more than 220 exhibitors from 19 countries around the world including Saudi Arabia, UAE, Lebanon, India, Spain, Switzerland, Britain, South Africa, Taiwan, the Netherlands, Turkey and other countries. […]
Babyshop Unveils its First Ever Product Catalogue
Babyshop, the one-stop children’s retailer, recently launched their first ever consumer product catalogue, a splendid shopping guide for mums to be and for existing parents. The catalogue highlights the extensive range of products for children starting from new-borns to toddlers and beyond. The creatively illustrated catalogue, supported by world renowned photography artist Queenie Liao, features […]
Saudi Vision 2030 Enables Kingdom to Leapfrog in Digital Economy Innovation
Public-private partnerships in technology will drive Saudi Vision 2030, and support the Kingdom to leapfrog in Digital Economy innovation, industry experts announced at the SAP Saudi Forum. “Technology mega-trends such as hyper-connectivity and the cloud can enable the Kingdom to leapfrog in Digital Economy innovation, in line with Saudi Vision 2030. By combining public sector vision with […]
President Obama visits Phoenix Contact at the Hannover Messe
President Barack Obama visited the Phoenix Contact booth together with German Chancellor Angela Merkel at the opening of the Hannover Messe (Hannover Trade Show). The heads of state were greeted by CEO Frank Stührenberg as well as the President of the U.S. subsidiary, Jack Nehlig. Stührenberg served as the spokesperson for a number of new […]
The UK’s Mobile Banking Tightrope: 98% of British Consumers are Happy with their Mobile Banking Service
A consumer survey conducted by leading mobile commerce analyst firm Juniper Research has found near universal satisfaction amongst UK mobile banking users, with 98% of those surveyed stating that they were “very happy” or “quite happy” with their service. However, the survey also found that with mobile access now perceived as a key pillar of a […]
Al Salem Johnson Controls Showcases Its Latest YORK Products
Al Salem Johnson Controls, a pioneer provider of integrated HVAC solutions and equipment, held an introductory seminar on YORK’s latest energy efficient solutions at Le Meridien Jeddah Hotel, under a series of events planned to be held across the Kingdom of Saudi Arabia, to display the best integrated solutions under the HVAC industry, aiming to […]
Thomson Reuters Concludes 8th Compliance & Anti Money Laundering Seminar in Saudi Arabia
Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, concluded the 8th Compliance & Anti Money Laundering (AML) Seminar in Saudi Arabia. The seminar is held in partnership with the Institute of Finance of the Kingdom of Saudi Arabia and under the patronage of H.E. Abdulaziz Al-Furaih, Vice Governor of Saudi […]
Souq.com the region’s largest e-commerce platform participates in the new Saudi Ministry of Commerce and Investment initiative -‘Maroof’
Souq.com, the Middle East’s largest online retail and marketplace platform has gained the Maroof golden certificate – a new platform developed by Thiqah Business services under the supervision of the Ministry of Commerce and Investment in the Kingdom of Saudi Arabia. Maroof’s goal is to further support the drive in boosting consumer trust between the […]
French pavilion will be showcasing innovative mobile & payment solutions at CARDS & PAYMENTS MIDDLE EAST 2016
CARDS & PAYMENTS MIDDLE EAST, Middle East’s largest and most established expo for the Smartcards & Payments community, will be held from 31 May to 1June 2016 in Dubai. This year’s edition is expected to attract approximately 10 000 visitors coming out to meet some 300 exhibitors. Business France will be hosting nine French companies […]
SapientNitro Named Adobe Marketing Cloud EMEA Growth Partner of the Year
SapientNitro, a leader in helping clients reimagine their businesses in the age of the customer, announced that it has been named “Adobe Marketing Cloud EMEA Growth Partner of the Year” by leading digital marketing and media solutions provider Adobe. The award, presented today at Adobe’s Summit EMEA Partner Day, recognises SapientNitro, part of the Publicis.Sapient […]
Saudi Vision 2030 Enables Kingdom to Leapfrog in Digital Economy Innovation
Public-private partnerships in technology will drive Saudi Vision 2030, and support the Kingdom to leapfrog in Digital Economy innovation, industry experts announced today at the SAP Saudi Forum. “Technology mega-trends such as hyper-connectivity and the cloud can enable the Kingdom to leapfrog in Digital Economy innovation, in line with Saudi Vision 2030. By combining public sector vision […]
Free Zone of the Future Program Launched at World Free Zones Organization’s second Annual International Conference and Exhibition
World Free Zones Organization (World FZO) today launched the ‘Free Zone of the Future Program’ on day two of its 2nd Annual International Conference and Exhibition currently underway in Dubai. The Free Zone of the Future Program is an international initiative revolving around three main pillars that will enable free zones around the world to […]
World Summit on Information Society Honors MoI for its Distinguished Participation
During a ceremony recently held in Geneva, the World Summit on the Information Society (WSIS) 2016 honored the United Arab Emirates (UAE) Ministry of Interior (MoI). This honor was to recognize the MoI’s efforts for driving several distinguished projects that reached the competition finals, including 15 distinguished Emirati projects which were among the best 88 projects […]
Empower saved 892 megawatts of energy in 2015
Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, has recorded a milestone achievement in power saving over 892 megawatts of energy in 2015 by using district cooling instead of traditional air conditioning systems. HE Ahmad Bin Shafar, Chief Executive Officer of Empower attributed that to the dramatic increase in efficiency […]
Dubai Statistics Centre: Dubai imported USD 3.6 billion of plastics and rubbers in 2015; Exported USD 1.3 billion and re-exported nearly USD 1 billion
According to latest Dubai Statistics Centre figures, Dubai has imported USD 3,662,398,000 and exported USD 1,327,520,000 of plastics and rubbers in 2015. The Emirate has also re-exported USD 1,008,174,000 of plastics and rubbers in the same period. These trade figures were revealed today (Wednesday, 11th May, 2016) during a press briefing held by the […]
DEWA discusses cooperation with Swiss companies
Dubai Electricity and Water Authority (DEWA) organised a meeting that attracted 100 Swiss companies under the theme ‘Business Innovation’ at the Sustainable Building in Al Quoz. HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), attended the event, which discussed investment opportunities in energy projects and cooperation with Swiss […]