Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
3M Welcomes Karim Sarahni as Managing Director in Saudi Arabia
3M, a global science-based company that inspires creative collaboration, announced the appointment of Karim Sarahni as Managing Director for its operations in the Kingdom of Saudi Arabia. In an effort to realize the Saudi Vision 2030, Karim Sarahni will lead 3M’s strategic plans to invest in the country following the foreign-owned trading license it received […]
Retailers in the Region Utilize Social Media to Build Customer Loyalty
Middle East has seen a tremendous rise in smartphone penetration rates and social media usage as the total number of Internet users has recently crossed a 100 million mark. Retailers are exploring ways to get more personal with their customers, through online offerings and social media interactions, to gain loyalty. A recent research by HubSpot […]
451 Research: 71% of enterprises now capturing data for IoT; security and ROI concerns remain high
451 Research’s latest Voice of the Enterprise: Internet of Things (IoT) Organizational Dynamics survey of nearly 1,000 enterprise IT buyers worldwide reveals that 71% of enterprises are gathering data for IoT initiatives today. This is a three percentage point increase from the previous quarter’s Voice of the Enterprise: IoT Workloads and Key Projects survey. Security […]
Axiom Telecom Predicts Top Mobile Technology Trends in 2017
Next year will see significant developments in mobility, driven by continuous industry innovation and a growing tech-savvy millennial community, according to the region’s leading mobility retailer, axiom telecom. Fahad Al Bannai, the mobile technology giant’s CEO, said he expects 2017 to be a prosperous year for the digital world, as the boundaries to what can […]
UAE Holidaymakers Putting Themselves at Increased Risk with No Travel Insurance
UAE holidaymakers are putting themselves at increased risk of facing serious financial repercussions by not taking measures to adequately cover themselves in the event of a travel emergency, experts warned yesterday. Describing community awareness about travel insurance in the UAE as “probably among the lowest in global markets”, Phil Ashkuri, Head of General Insurance at […]
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YORK is Jeddah International Book Fair’s Cooling and Power Provider
Al Salem Johnson Controls (YORK), a leading provider of heating, ventilation, air conditioning equipment, security systems, and controls, contributed to the Jeddah International Book Fair by providing an integrated cooling unit set air handlers. YORK was selected among many brands to cool the fair due to its proven track record. Spanning 21,500 square meters, the […]
Delegates discuss the future of banking at the first SWIFT Business Forum UAE in Abu Dhabi
SWIFT, a global provider of secure financial messaging services, brought the banking and financial sector together at its first Business Forum UAE in Abu Dhabi to discuss the pressing challenges of cyber threats, de-risking and compliance. With the theme “Building for the future: regulation, innovation and the transformation of banking”, the event examined the future […]
Telia Carrier expands availability of IP, Wavelength and Ethernet services in Germany through new partnership with Savecall
Telia Carrier today announced its new partnership with Savecall, Germany’s top consultant and broker of ICT services with offices in Munich, Wiesbaden and Berlin. In addition to Savecall’s consulting and brokering services, this partnership allows the company to act as a reseller of Telia Carrier’s complete suite of IP, Wavelength and Ethernet services. Savecall mediates […]
Sage inks deal with Saudi Aramco Entrepreneurship Center for Sage X3
Sage, the market and technology leader for integrated accounting, payroll and payment systems, together with Sage’s exclusive distributor in Saudi Arabia, Josor, today signed a contract for the implementation of the Business Management Solution for enterprise sized businesses Sage X3 with Saudi Aramco Entrepreneurship Centre (Wa’ed). Wa’ed, the entrepreneurship arm of Saudi Aramco, was established […]
Sage and SAW Software Mill announces launch of Sage X3 for Construction
Sage, the market and technology leader for integrated accounting, payroll and payment systems, and development partner Specialized Application Workshop (SAW) and Software Mill today announced the launch of Sage X3 for Construction. As new technologies such as Industry 4.0 mechanisms, and technological processes are introduced into the construction sector, a strong business management solution is […]
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WTO Report: ‘UAE had a 31.5% share of the Middle East’s total exports in 2015, compared to 28 per cent in 2014’
The 31st edition of the International Autumn Trade Fair 2016 (IATF 16) concluded Friday (16 December) at the Dubai International Convention and Exhibition Centre with excellent results. The UAE is ranked among the world’s top 20 exporters, according to the World Trade Organisation’s Report on International Trade Trends. This was said at the show that […]
SADAFCO Launches Solar Power Project in Riyadh in line with the Kingdom’s Vision for 2030 and creating new employment opportunities
Saudia Dairy and Foodstuff Company (SADAFCO) has commenced operations of the new solar project that comes in line with the Kingdom’s 2030 vision for renewable energy, offering new employment opportunities and creates economic diversification. “The new 2 SAR million solar power project at our Riyadh Regional Distribution Centre (RDC) is utilizing a photovoltaic (PV)-diesel hybrid […]
SWIFT Supports the Syrian Arab Association for SOS Children’s Villages
SWIFT, a global provider of secure financial messaging services, announced today that it is supporting the Syrian Arab Association for SOS Children’s Villages as part of its Corporate Social Responsibility at the first Business Forum UAE. The Forum, which was held in Abu Dhabi this week, brought together over 160 senior representatives from the financial […]
Expo 2 020 Dubai Gives SMEs Opportunity to Take Big Share of 70 Product Licences in Giant Tender Offering
Expo 2020 Dubai unveiled plans to appoint 70 official licensees for a range of official retail products from next year, with around a third targeted at small or medium sized enterprises (SMEs). The mega event will accept tenders for more than 5,000 unique products that will be sold at a dedicated 3,000 square-metre ‘Superstore of […]
Dubai Supreme Council of Energy Along with Etihad ESCO and TAQATI Conduct Workshop for Energy Users
The Dubai Supreme Council of Energy (DSCE) in association with Etihad ESCO, and TAQATI held a workshop for Energy Users, reflecting on the progress and performance of Directive 1 of 2015. The workshop also looked at building-level energy audits, and discussed ways to accelerate project implementation and how to successfully overcome obstacles. The Directive issued […]
Global Summit of Women Speakers of Parliament 2016 Concludes in UAE Capital
The second edition of the Global Summit of Women Speakers of Parliament (GSWS 2016), hosted by the UAE Federal National Council in collaboration with the Inter-Parliamentary Union, under the theme ‘United for Shaping the Future’, concluded in the UAE capital city of Abu Dhabi today. The event witnessed the participation of thirty-four high-profile global women […]
More than 100 delegates gather in Jeddah for Deutsche Bank’s Global and Regional Investment Perspectives 2017 Conference
Deutsche Bank’s 2017 Market Outlook conference, titled “Global and Regional Investment Perspectives 2017”, the third event of its kind for Deutsche Bank in Saudi Arabia, opened yesterday at the Park Hyatt Hotel in Jeddah-Marina. The single day (December 13) conference explored pressing macro issues affecting economies, capital markets, companies, family offices and individual investors around […]
2016 Technology Price Index
Latin America’s leading eCommerce platform Linio.com have released the 2016-17 Technology Price Index comparing the cost of 14 popular electronic devices and brands, across 72 countries. With Christmas shopping season already in full swing, Linio undertook the research to better understand the global economic trends in the price of electronics. The Technology Price Index takes […]
Lamps4U FZCO and Dulsco Partner for a Recycle Initiative
Lamps4U FZCO a UAE based manufacturer and distributor of energy efficient and environment friendly lighting products and fittings partners with Dulsco for their Lampswithbenefit initiative. ‘Lampswithbenfits’ is a programme that offers an environmentally Safe solution for disposal of spent lamps. This programme is designed to collect spent lamps to avoid the emission of harmful ‘mercury […]
In Store Purchases Make Over 90% Retail Transactions
According to A.T. Kearney, a leading global management consulting firm, over 90% of purchases are still done in stores in this era of e-commerce. That means malls in the region are bustling with local and visiting shoppers buying for the holiday season, and to manage this shopper rush, regional retailers are increasingly turning to technologies […]
ZonesCorp Joins Abu Dhabi Food Security Alliance
As part of ZonesCorp’s efforts to help improve food security and diversify the economy within the Emirate of Abu Dhabi, ZonesCorp joined the Abu Dhabi Food Security Alliance at the SIAL ME exhibition last week. ZonesCorp is planning to support the Alliance by encouraging local agriculture and livestock farming with a series of initiatives that […]
Owner/Operator Program – A Pathway for Permanent Residency of Canada for Business Persons & Investors
Canada is a sought-after destination for investors, business persons and senior management professionals. Pulsating economy, high employment rate, relaxed immigration rules, faster visa processing are just some of the features of Canadian immigration. For all those who are looking to settle down and invest in Canada have the excellent lifetime opportunity to invest in some […]