Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Middle East Cleaning Technology Week gets 20% Bigger in 2016
The 4th edition of Middle East Cleaning Technology Week (MECTW) has seen a 20% increase in size and is taking place at the Dubai International Convention Centre from November 13 – 15. The leading international show, for the cleaning -sector, will see participation from prominent regional and international companies showcasing their latest innovations across three […]
Daikin Air Cooled Chillers receive the Emirates Quality Mark for Excellence from ESMA
Daikin, the Japanese global leader, innovator and provider of advanced air conditioning solutions for residential, commercial and industrial applications has been granted the Emirates Quality Mark (EQM) for its Air Cooled Chiller Systems. The (EQM) is a mark of conformity granted to the products that can demonstrate compliance with the relevant UAE National Standards, Regional […]
Empower to host inaugural certified workshop during preparatory day of the International District Cooling Conference 2016; Trade show to open tomorrow (Sunday, 13 November)
Alongside the seventh edition of the international district cooling conference 2016, the International District Energy Association (IDEA) will organize an inaugural certified workshop for district cooling providers tomorrow (Sunday, 13 November). Also, a group of companies from around the world will showcase their latest achievements and advanced technologies in district energy in the trade exhibition […]
UAE-Morocco deal to hold Annual Investment Meeting (AIM), Africa Chapter, in Marrakesh from 29-31 October 2017AIM seeks to penetrate Africa to boost FDI in the Dark Continent
Dawood Al Shezawi, CEO of Annual Investment Meeting (AIM) Organizing Committee, signed today a strategic MoU with HE Ahmed Akhchichine, President of Marrakech-Safi region, Kingdom of Morocco to organise Annual Investment Meeting (AIM) – Africa Chapter, in Marrakesh on 29-31 October 2017 under the theme “The Future Investment Landscape of Africa: Sustainable Investment through Innovation […]
Telia Carrier investigates why Sweden has successfully bred so many unicorns
In a four episode ‘mockumentary’ series, entitled ‘Unicorn Syndrome’ (http://unicornsyndrome.com/), Telia Carrier investigates a number of possible theories about why Sweden, and Stockholm in particular, has become a unicorn superpower. Based on the number of unicorns per capita that it has produced, Stockholm is ranked as the number two startup region in the world after […]
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Majid Al Futtaim Launching Sacoor Brothers in Saudi Arabia
Sacoor Brothers and Majid Al Futtaim Fashion are proud to announce the opening of the first Sacoor Brothers boutique in Granada Mall, Riyadh on November 17th. This new boutique reflects the brand’s philosophy of continuous improvement and will offer the Women’s and Men’s Collection. The boutique located on the ground floor in Granada Mall is […]
Chemical products major contributor to Saudi non-oil exports
The Industrial sector in the Kingdom is witnessing major development and growth, with a significant role played by the plastic and petrochemical sectors in achieving sustainable development and diversifying the sources of income thus pertaining positively to the Kingdom’s 2030 Vision. While the Kingdom holds a substantial global market share of 6% from the total […]
OKI Europe appoints new Business Operations Director for the Middle East and Africa
OKI Europe Ltd appointed Mark Thompson as the Business Operations Director for OKI Middle East and Africa (MEA) region, Mark will be responsible for the business operations and logistics to overall enhance OKI’s distribution model across MEA with an immediate focus on Sub-Saharan Africa. Mark joins from Lexmark, where he has had various managerial roles […]
Danish Minister for Business and Growth Leads a Tour for Danish Companies in Dubai
H.E. Troels Lund Poulsen, Danish Minister for Business and Growth lead representatives of 45 Danish companies in a two days visit to Dubai, UAE, during which several workshops and activities on relevant issues were organized. The Minister’s visit aimed to strengthen the commercial ties between Denmark and the UAE, and follow-up on the MOU signed […]
PREMIA™ leading choice of insurance companies in Oman
3i Infotech Limited, a global IT software provider with its flagship insurance products, PREMIA™ has grown exponentially over the past 16 years as a trusted technology partner, bringing in business transformation for over 40 insurance companies in GCC. Key insurance companies in Oman and MENA region trust PREMIA™, a flexible insurance management product suite and […]
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Schneider Electric Showcases Efficient, Reliable Power Solutions at GCC Power 2016
Schneider Electric, a global leader in energy management and automation, is showcasing its smart solutions for the power and water industry at GCC Power 2016, currently underway in Doha, Qatar. The company’s suite of hardware and software power solutions are reputed in the market for providing effiicient and reliable power across medium- and high-voltage distributions, […]
Pyramid Analytics Achieves Top Ranking in BARC’s The BI Survey 16
Pyramid Analytics, provider of the next-generation business analytics platform for the enterprise, today announced that BI Office achieved top rankings in BARC’s The BI Survey 16. Categories in which BI Office took the number one spot in its peer group include “self-service,” “customer experience,” and “chosen as standard.” BARC’s The BI Survey 16 is based […]
Empower completes district cooling infrastructure for iconic DAMAC Towers project
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced the completion of district cooling infrastructure project network for ‘DAMAC Towers by Paramount’ which consist of four towers including an international hotel. Earlier in 2014, Empower signed a contract to provide district cooling services for DAMAC Towers as it is serving […]
79% of MENA organisations in favour of using technology to safeguard documents, says new Canon study
Despite reservations, the majority of organisations in Middle East and North Africa region think that technology is key in keeping their documents secure. 79% of MENA organisations agree that technology creates a more secure office, and more than half – 56% of organisations have expressed concerns about losing sensitive documents that they print out. Increased […]
MENA ICT Forum 2016 Starts Countdown for Launch
The countdown for the Middle East & North Africa Information & Technology Forum 2016 has started. The event, whose theme is “Digitizing the Economy”, will be held on 9th and 10th November under the Royal Patronage of His Majesty King Abdullah II ibn Al Hussein, and is to take place at the King Hussein Business […]
First MENA Green Finance option from Emirates Islamic
With an aim to provide customers with affordable access to green products, Dubai Green Economy Partnership (Dubai GEP) has signed an agreement with Emirates Islamic to provide easy financing options for individual consumers in Dubai to purchase green products on the Green Deal website. The agreement was signed on the sidelines of the World Green […]
Eureeca secures first Equity Crowdfunding license in the region issued by the Dubai Financial Services Authority
Dubai International Financial Centre (DIFC), the region’s leading financial hub, connecting business and financial institutions with emerging market opportunities across the Middle, East, Africa and South Asia (MEASA), has today become home to the first Equity Crowdfunding platform in the region, Eureeca. It is the first multi-regulated global Equity Crowdfunding platform with over 12,000 investors […]
Dubai Vision Drives Smart City Leadership, Says SAP CEO
Dubai is a global leader in using digital initiatives to deliver Smart City projects, the CEO of the world’s leading provider of enterprise application software, shared during his recent UAE visit. “Data is the currency of the 21st century – everything revolves around it. The insights we gather will help us shape a vision for […]
Saudi Build exhibition concludes its 28th edition with 18,764 visitors
Saudi Build exhibition 2016, the largest construction show in Saudi Arabia, wraps up its activities for this year on last Thursday 20 October at the Riyadh International Convention and Exhibition Center, with more 530 Local, regional and international exhibitors from more than 30 countries, headed by 12 national pavilions. The exhibition witnessed many specialized audience that […]
Empower to hoist UAE Flag at all District Cooling plants marking Flag Day celebrations
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, joins the nation today in celebrating UAE Flag Day (Thursday, 3 November) by hoisting the UAE Flag on all its District Cooling Plants across Dubai. “We are responding to the call of our wise leadership to launch a nation-wide campaign to celebrate […]
International District Cooling Conference 2016 reunites elite green experts to share highly efficient solutions
Under the theme of ‘A Climate Solution’, the 7th “International District Cooling Conference” will be organized from 13 to15 November at Jumeirah Beach Hotel in Dubai by International District Energy Association (IDEA). The conference will see the attendance of local, regional and international companies and organizations operating in the energy field and it will offer […]
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 […]