Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
MIDDLE EAST TECHNOLOGY COMPANIES PITCH FOR US$10m AS PART OF ‘CLOUD 10’ PROGRAMME
Seven young technology companies from the GCC region travelled to London, UK, last week to pitch for US$10m in front of a panel of investors as part of the Cloud 10 technology accelerator programme or Scalerator, powered by Amazon Web Services (AWS). The companies pitched to a panel of high profile international investors that included: […]
Euro surpasses RMB in traditional trade finance
Since the launch of the first SWIFT RMB Tracker in November 2011, the RMB has shown stellar growth for payments, whilst RMB usage by value in traditional trade finance – letters of credit and collections – has been decreasing since 2014. The Chinese currency is now the third-most-active currency in trade finance, after the euro, […]
Leading Economist George Magnus to Speak at Euromoney Qatar 2016
George Magnus, the leading economist and the man credited with predicting that the US sub-prime crisis would lead to the 2008 recession, will speak at The Euromoney Qatar Conference 2016 in December, as one of the keynote presenters. In his international keynote, he will examine the factors weighing down global growth, the challenges being created […]
Financial companies delivering better value for customers in loyalty programmes compared to other sectors
A survey of loyalty programme members in the UAE released today by Collinson Group has found that financial services brands are generating value and support from customers through loyalty initiatives. The study found that three quarters (75 percent) of loyalty programme members were part of a financial services programme, compared to airline carriers (65 percent) […]
ad58d6457a284447Qatar Start-ups to Drive Job Creation for Tech Entrepreneurs, says MOTC
Qatari start-ups will drive the country’s Digital Economy and boost job creation in the field of technology, the Ministry of Transport and Communications (MOTC) announced recently at SAP’s first Start-up Focus Event in Qatar, hosted by start-up enabler and technology company SAP. The MOTC and its Digital Incubation Center (DIC) is supporting the launch of […]
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China Homelife Exhibition 2015 in Dubai Confirms 25%
China Homelife Exhibition 2015 returns to Dubai with over 1100 participants from six core sectors which include Textile & Garments, Furniture, Home Electronics, Building Materials, Lighting and Household Articles & Gifts. As the largest sourcing platform for Chinese products in the Middle East and North Africa, the exhibition caters to the increasing demand for Chinese […]
SEDCO Capital Wins Best Asset Manager 2016 Award
SEDCO Capital, a leading Saudi asset management firm, has once again received recognition from Global Investor/ISF MENA Awards 2016 as “Asset Manager of the Year: Saudi Arabia”. Meanwhile, ISLAMICA 500 ranked Hasan Al-Jabri, Chief Executive Officer of SEDCO Capital, as top 50 leaders who make the Islamic Economy in 2017. Al Jabri expressed delight at […]
SWIFT’s KYC Registry crosses 3,000-member milestone
More than 3,000 financial institutions have signed up to use The Know Your Customer (KYC) Registry, SWIFT’s centralised repository that maintains a standardised set of information about financial institutions required for KYC compliance. Launched in December 2014, The Registry provides a secure, cost-effective KYC solution that enables banks, fund distributors and custodians to maintain and […]
Saudi Arabia Drives Energy Innovation with Advanced Construction Technology
The Kingdom of Saudi Arabia is realizing Saudi Vision 2030 energy goals with advanced offshore construction technology, experts announced today in the build-up to ADIPEC 2016. Saudi Vision 2030 aims to increase oil and gas localization from 40 percent to 75 percent. Supporting these energy goals, leading Middle East’s leading firms are driving investment in […]
NDCs and Global Stocktake
In Paris in December 2015, countries adopted the historic international climate agreement at the U.N. Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP21). Ahead of this moment, countries outlined what post-2020 climate actions they intended to take under the new international agreement. ‘Intended Nationally Determined Contributions’ identified the pledges and actions national […]
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The International District Cooling Conference 2016 concluded yesterday (Tuesday, 15 November 2016) at Jumeirah Beach Hotel in Dubai with the attendance of officials and key executives from the district energy industry, along with hundreds of visitors and exhibitors. Held under the theme “A Climate Solution”, the conference was hosted by the Emirates Central Cooling Systems […]
Al Salem Johnson Controls (YORK) Wins ‘Industrial Company of the Year 2016’ Award
Al Salem Johnson Controls, a leading provider of heating, ventilation and air conditioning equipment, security systems, and controls, won the “Industrial Company of the Year 2016” award from Arabian Business magazine, which is published by the ITP Publishing Group. Al Salem Johnson Controls Director of Operations, Khaled Almushare received the award on behalf of the […]
The dawn of the age of boutique agencies
Boutique advertising agencies are making their mark the world over, and Dubai is no exception. Smaller agencies are providing stiff competition to large behemoths, and walking away with a big slice of the advertising pie by adapting new models of “we can do it all”. In this scenario, it is a significant development that Dubai-based […]
Emirati companies take home top honours at Middle East HR Awards
Emirati companies and business talent stole the limelight at the 2016 Middle East HR Excellence Awards. The ceremony took place last night at InterContinental Hotel and is the region’s most prestigious celebration of HR and talent development professionals. Cleveland Clinic Abu Dhabi took home the Nationalisation Initiative of the Year award for their efforts in […]
Virgin Mobile Saudi Arabia is Offering Products with Convenient Instalments at Cash Price.
Virgin Mobile Saudi Arabia announces its offering of numerous innovative products at an installment facility in cash price. This step reflects the company’s eagerness to set distinctive solutions that are flexible and meet the needs of customers and the Saudi youth in particular. The offer includes the latest phones, featured numbers, and other wonderful products […]
Delta Partners appoints new partner to boost its corporate finance business
Delta Partners, a leading advisory and investment firm specialized in the telecoms, media and digital (TMD) space, recently announced the appointment of Khumo Shuenyane as its latest partner in the firm. Khumo has over 20 years of experience within the fields of finance, mergers & acquisitions, private equity and corporate strategy. He has been appointed […]
Abu Dhabi Ports and Emiroll sign Musataha Agreement to build plant in Khalifa Industrial Zone
Abu Dhabi Ports has signed a 50-year Musataha Agreement with Emirates Aluminium Rolling (Emiroll), a joint venture between DUBAL Holding, Dubai Investment Industries (a subsidiary of Dubai Investments PJSC), and Madar Aluminum Rolling Singapore (MARS), to set up a manufacturing plant with a total investment of AED 440 million on an 83,554.58 square meter plot […]
Agaoglu upbeat on increased Gulf based investments in Turkey’s real estate market after successful participation in Cityscape Jeddah
Turkey’s leading real estate developer Agaoglu is expecting that the huge interest in its projects during the recent Cityscape Jeddah will translate into more investments in the country’s real estate market, as the company holds a series of meetings with government and industry representives as well as investors in major Saudi cities to highlight the […]
GCC Retailers Leapfrog Europe with Virtual Kiosks, Interactive Mirrors, and Holographic Ads
Virtual kiosks, interactive mirrors, and hologram advertisements are among the many ways that GCC retailers are leapfrogging Europe in enhancing the customer experience, industry experts announced today.Boosted by strong tourism growth, new and expanded malls and theme parks, and mega-events such as World Expo 2020 and 2022 FIFA World Cup Qatar, GCC retail sales are […]
Gulf Capital Acquires a Controlling Stake in Sporter.com, the leading online retailer of sports and nutrition supplements in the GCC
Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, announced today that it has acquired a controlling stake in Sporter.com, the leading online retailer of sports and nutrition supplements in the GCC, operating in a rapidly growing sector of the digital economy. Sporter.com’s operations are located in state- […]
HE Butti Saeed Al Ghandi Inaugurates Middle East Cleaning Technology Week 2016
HE Butti Saeed Al Ghandi, Second Vice-Chairman of the Dubai World Trade Centre, inaugurated today the 4th Middle East Cleaning Technology Week (MECTW) at the Dubai International Convention and Exhibition Centre (DICEC). With over 130 companies participating, MECTW is expected to host over 4,000 cleaning industry professionals until 15 November 2016. Following the inauguration ceremony, […]
ISAM Wins Best Hedge Fund Award at Alternative Investment Management Summit
International Standard Asset Management (ISAM), a leading global Alternative Investment Manager, announced today that it has received the 2016 Hedge Fund Award from AIM Summit for “Best Managed Futures Provider with assets under management (AUM) in excess of US$1 billion.” The accolade was presented to Antoine Massad, Chief Executive Officer of ISAM Middle East, Africa and […]