Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
SAP Unveils Live Business and Expands Google Partnership at SAPPHIRE NOW
SAP SE (NYSE: SAP) announced it has harnessed its digital core, bold technologies of the future and its expertise in ERP to help customers make everything digital, programmable, smarter. SAP’s commitment to an open ecosystem and strong partnerships will be key for the cloud-based intelligent enterprise, seen as a cornerstone for the new global economy. […]
SAP to Build Skills and Knowledge Worth USD 100 Million By 2022 to Support Middle East Youth Job Creation
During the World Economic Forum on the Middle East and North Africa, global digital transformation enabler SAP announced it will build skills and knowledge among young talents worth USD 100 million by 2022. The program for the World Economic Forum, which runs from 19-21 May, is centered on public-private partnerships driving economic growth in the […]
Dell Technologies Unveils Venture Arm Formerly in Stealth —
Dell Technologies, the world’s largest privately-controlled technology company, today brings out of stealth its venture practice, Dell Technologies Capital. Since its inception a few years ago, Dell Technologies Capital has been an active investor in more than 70 early-stage startups, with the mission of helping founders and their teams develop innovative technology solutions and bring […]
Sage Announces Partnership with First BIT in UAE
Sage, the market and technology leader for integrated accounting, payroll and payment systems, has appointed First BIT as an authorized partner for distribution of the Sage 300 business management solution and Sage 50 Accounting in UAE. First BIT helps customers transform business processes through comprehensive business automation solutions and a full range of IT-related services. […]
Etisalat AGM approves 80 fils per share dividend for 2016
Etisalat’s shareholders today backed the board’s recommendation to pay full 2016 dividends of 80 fils per share during the annual general meeting held at the company’s headquarters in Abu Dhabi. Key Financial and Developments Highlights for 2016 Aggregate subscriber base reached 162 million. Consolidated revenues amounted to AED 52.4 billion and increased year over year […]
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Empower supports Emiratisation efforts by attracting young Emirati talents
Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, has stated that Emiratisation and attracting young Emirati talents were and will be an integral part of the company’s strategy for the upcoming years. Empower supports the efforts of the government, to provide the right platforms to communicate with the national cadres from the universities […]
Global research shows tech savvy businesses grow, differentiate, compete and flex better when they commit to technology
According to new research almost a third of small business who commit to technology show demonstrable growth. The whitepaper launched today and titled ‘Tech-Savvy Businesses do it better’ was commissioned by market and technology leader in cloud accounting, Sage, and conducted by IDC. With over 1 million new customers following Sage to the cloud in […]
Qatar Fuels Global Future Cities Market Doubling to 2020
Qatar is fueling the doubling of the global Future Cities market to USD 758 billion by 2020, experts announced today ahead of the Arab Future Cities Summit. “Worldwide, Qatar is a leader in fostering Future Cities, with Qatar National Vision 2030 guiding national digital transformation. Sharing information in real-time is delivering new levels of efficiency […]
Transformation of SME Sector to be reviewed at The Saudi Euromoney Conference 2017
While all eyes are on the potential impact of major listings in the Kingdom of Saudi Arabia, such as the much-anticipated Saudi Aramco IPO, long-term transformative change is likely to come from the small business sector, according to senior experts set to speak at The Euromoney Saudi Arabia Conference 2017. Saudi Arabia will see the […]
SES Shareholders Approve All Resolutions at Annual General Meeting
SES (Euronext Paris:SESG) (LuxX:SESG) held its Annual General Meeting (AGM) today in Betzdorf, Luxembourg. The shareholders approved all proposed resolutions, notably the company’s 2016 accounts and the proposed dividend of EUR 1.34 per A-share, which will be paid to shareholders on 26 April 2017. Shareholders elected Kaj-Erik Relander, entrepreneur and independent advisor to different investment […]
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Sony Middle East & Africa to grow volume of business by 20% in 2017
Driving Sony MEA’s strategy, new managing director Taro Kimura will achieve this vision through new product launches and a refreshed business development strategy that will place the company and its business partners in a strong position to gain market share in the company’s focus categories, which are television, digital imaging and audio products. Sony MEA […]
World Health Day: Expert psychologists urge parents to keep a look out for depression signs in children
In support of the 2017 World Health Day theme, Depression: Let’s talk, Clinical Psychologists, Dr Eve McAllister and Dr Daniel Stark from Great Ormond Street Hospital for Children (GOSH) are calling for parents to be aware of the signs and symptoms of depression in children. According to the World Health Organisation, depression is the leading […]
Middle East Retail Banking Confex concludes its 12th edition
The Annual Middle East Retail Banking Confex successfully concluded its 12th edition today at The Le Meridien Hotel Dubai. The event hosted more than 200 delegates from leading Regional, International Retail Banks, Fintech companies, and service providers, coming together to deliberate on the region’s evolving retail banking landscape. The Middle Eastern retail banking industry today […]
Gulf Capital Steps Up Investments in Technology and Ecommerce in the GCC
Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, today announced that it has deployed over half a billion dirhams (over AED 500 million) to date in technology and ecommerce investments across the GCC, making it one of the largest technology investors in the region. The Firm has […]
Knowledge+™ provides Saudi leaders the skills to lead their own communications teams
Leading public relations and communications agency Hill+Knowlton Strategies (H+K) has launched Knowledge+™, a communications training academy created as a solution to the talent development needs of the Middle East and North Africa region. Bridging the skills gap through skills transfer, Knowledge+™ is targeted primarily at nationals in response to the commitment by governments to drive […]
World Bank Group Report issued on day two of Annual Investment Meeting (AIM 2017)
As part of the Annual Investment Meeting (AIM 2017) being held at the World Trade Center in Dubai, World Bank Group (WBG) issued today (Monday, 3rd April, 2017), a global report discussing the relevance of foreign direct investments (FDI) across the world. The new report presented ideas and explanations on the best methods to achieve […]
AIM Startup challenge showcased 25 outstanding pitches on its 2nd day
The first edition of AIM Startup 2017, which is organised in conjunction with the seventh edition of the Annual Investment Meeting (AIM), showcased many start up projects from participants from so many countries in the world. Nano particle analytics, delivery robots, agro business technology, renewable products, edtech, fintech, biotech, innovative web portals and apps for […]
Coinciding with Global Money Week, “Riyali” ready to launch “Rowad Riyali” Program for Entrepreneurs
Riyali, SEDCO Holding Group’s flagship Corporate Social Responsibility (CSR) program, is ready to launch its new program “Rowad Riyali” dedicated to entrepreneurs, in celebration of the “Global Money Week,” to address further the need to educate the Saudi population on financial literacy and empower people with personal financial skills required to achieve a prosperous life. […]
Coinciding with Global Money Week, “Riyali” ready to launch “Rowad Riyali” Program for Entrepreneurs
Riyali, SEDCO Holding Group’s, flagship Corporate Social Responsibility (CSR) program is ready to launch its new program “Rowad Riyali” dedicated to entrepreneurs, in celebration of the “Global Money Week”, to further address the need to educate the Saudi population on financial literacy and empower people with personal financial skills required to achieve a prosperous life. […]
EUROSTAR Group showcased leading Smart Convergence solutions at CABSAT 2017
EUROSTAR Group, the leading digital and consumer technology innovator in the Middle East, has created a unified gateway of satellite, security and digital solutions in the region. Partnering with some of the leading digital solution providers in the world, EUROSTAR presents a regional Smart Convergence of satellite, security and WiFi solutions in the Middle East. […]
Middle East to Post USD 400 Million Storage Growth to 2025
Middle East organizations will drive new digital business models by leveraging the USD 400 million growth in data storage to 2025, industry experts announced today. The Middle East’s storage market will grow from USD 1.5 billion in 2014 by 14 percent CAGR to 2025, according to a recent report by Future Market Insights. Supporting Digital […]
Egypt’s recent economic reforms top the agenda at the SWIFT Business Forum Egypt
SWIFT, a global provider of secure financial messaging services, brought together almost 200 representatives from the Egyptian banking and financial sector in Cairo, Egypt, for the SWIFT Business Forum Egypt to discuss the pressing challenges of cyber threats, de-risking, and compliance. Tarek Fayed, Sub-Governor, Central Bank of Egypt, gave the keynote speech and stressed that […]