Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Abu Dhabi Ports announces winners of MAFNOOD 2016
Abu Dhabi Ports, the master developer, operator and manager of commercial ports and Khalifa Industrial Zone in the Emirate, announced the winners of the second cycle of its internal excellence award, MAFNOOD (Arabic for “distinguished”). Launched under the directives of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme […]
Global study reveals travellers would spend $100 on airline ancillaries to personalise travel experience
How much are travellers willing to pay for airline ancillary services such as seats, bags and food when travelling? New research from global travel technology company, Sabre Corporation (NASDAQ: SABR), has found that travellers would drop a hundred dollar bill to make their travel a little more “about me”. Sabre surveyed travellers from 20 countries […]
Dubai Silicon Oasis to Host Third Consecutive Entrepreneur Day Event and Competition
Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, announced its plan to host ‘The Entrepreneur Day’ (TED) business plan competition on November 16, 2016 at its wholly owned Dubai Technology Entrepreneur Centre (Dtec), the largest technology incubation and co-working centre in the region. Organized […]
Ooredoo Group reports an increase of 4% in Net Profit for 9M 2016
Ooredoo Q.S.C. (“Ooredoo”) – Ticker: ORDS today announced results for the nine months ended 30 September 2016. Financial Highlights: Quarterly Analysis Nine Month Analysis Q3 2016 Q3 2015 % change 9M 2016 9M 2015 % change Consolidated Revenue (QAR m) 8,352 8,155 2% 24,266 24,196 0% EBITDA (QAR m) 3,678 3,556 3% 10,156 10,012 1% […]
Ford Middle East and Africa Honoured with Best Employer Brand on LinkedIn at Annual Awards Ceremony
Ford Motor Company has been recognised once more as one of the world’s most attractive employers according to LinkedIn, the world’s largest professional network on the internet.Following on from last year’s success when Ford Motor Company was named one of LinkedIn’s “Top 50 Most In Demand Employers in Middle East and North Africa”, the company […]
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New report: Investment into restaurant technology market must increase as popularity of home delivery services rises
Diners are opting for home delivery services and are increasingly using coupons and promotions, according to a new global survey of over 4,600 consumers conducted by AlixPartners. As a result, investment into the restaurant technology market must increase to meet this growing demand, according to the business advisory firm. – Highlights-Online ordering is regarded as […]
Bion Group, DP World, and RAK eGov Named UAE Digital Innovators
Bion Group, DP World, and the Ras Al Khaimah E-Government Authority have been recognized as the UAE’s leading innovators, winning the UAE Quality Awards announced by global technology company SAP today. DP World has won an award with partner Clariba for its Terminal Performance Analytics system running on the in-memory SAP HANA platform across its […]
Gulf Business Leaders Take Business Pledge to Advance Sustainable Development
166 leading businesses from across the Gulf Region’s pledged to prioritise sustainable development as a business imperative, at the second regional forum on ‘Sustainability in Business’ hosted by The Pearl Initiative and United Nations Global Compact, concluding on a high note on Thursday in Dubai. The Pearl Initiative launched ‘The Business Pledge’ at the forum […]
Abu Dhabi Ports scoops three awards at the 2016 Maritime Standard Awards
Abu Dhabi Ports, the master developer, operator and manager of the Emirate’s commercial ports and industrial zone, has won three prestigious awards at the 2016 Maritime Standard Awards of the Middle East and Subcontinent. The company was recognised for its excellence in the maritime industry and was awarded the Deal of the Year Award for […]
Riyali Financial Literacy Program Aims Towards Happier & More Stable Individuals and Community
The Riyali Financial Literacy Program, developed by SEDCO Holding Group, endeavors to continuously achieve a high standard of success in financial literacy and enrich the students’ financial literacy skills. Since its launch in 2012, the program aspires to raise the society’s awareness about financial issues and to change their resolve towards it in order to […]
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More than 100 countries using RMB with China and Hong Kong
The latest RMB Tracker shows that during the last two years (October 2014 – September 2016), seven new countries are now using the RMB for more than 10% of their direct payments by value with China and Hong Kong, bringing the total to 57 countries worldwide. The 10% milestone, also known as ‘crossing the RMB […]
Etisalat Group Reports net profit of AED 6.2 billion for the first nine months of 2016, an increase of 9% compared to last year
Etisalat Group today announced its consolidated financial statements for the nine months ending 30 September 2016. Financial Highlights and Key Developments of Q3Consolidated revenues amounted to AED 13.2 billion and increased year over year by 3%Consolidated net profit after Federal Royalty amounted to AED 1.9 billion; 16% increase after adjusting for the impact of sale […]
Empower to host International District Cooling Conference 2016
Under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, and Chairman of Emirates Airlines & Group, Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, is playing host to 7th ‘International District Cooling Conference 2016’, organised by International District Energy Association […]
Global Hedge Funds, Venture Capitalists and Private Equity Firms Converge on Dubai for AIM Summit 2016
(ME NewsWire): The St. Regis Hotel in Al Habtoor City opens its doors on November 1st to one of the region’s most exclusive audiences, restricted to CEOs, CIOs and senior decision makers collectively managing an estimated 10 trillion dollars in assets or more. The region’s largest event for hedge funds, private equity and venture capital […]
Ooredoo Wins 21 ‘Stevies’ Awards for Business Excellence
Ooredoo was awarded 21 International Business Awards (IBAs), the leading global recognition of company performance and best practices, as well as ‘The People’s Choice Award’ in the telecommunications category, at a high-profile ceremony held in Rome, Italy, this week. The International Business Awards, also known as the ‘Stevies’, honour the achievements and positive contributions of […]
DUBAI DESIGN WEEK OFFICIALLY OPENS AT d3
Held under the patronage of Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Vice Chairman, Dubai Culture in partnership with Dubai Design District (d3), and supported by Dubai Culture & Arts Authority, Dubai Design Week officially opened its doors to the public at d3 today. Dr. Amina Al Rustamani, Group Chief Executive Officer […]
UN approves Energy Efficiency Programme in the UAE
Dubai Carbon has jointly announced with the Dubai Supreme Council of Energy (DSCE) that it has reached a major milestone to incentivise retrofit markets in the entire UAE. The UN backed Programme of Activities (PoA) framework, launched during WETEX 2016, will enable ESCO type and efficient lighting projects to earn carbon credits once included as […]
Middle Eastern Mergers & Acquisitions reached US$37.4 billion during First 9 Months of 2016
Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today released the quarterly investment banking analysis for the Middle East region. According to estimates from Thomson Reuters / Freeman Consulting, Middle Eastern investment banking fees reached US$580.7 million during the first nine months of 2016, an 11% increase compared to fees recorded […]
Empower awarded contracts worth AED 465 million in 9 months of 2016
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, signed 42 contracts worth AED 465 million in the first three quarters of 2016 with various companies to serve its expansion strategy in Dubai. HE Ahmad Bin Shafar, CEO of the company said the contracts included establishment, expansion and development of services, […]
Following the ‘Gold Rush’ Citigate International is on a Roadshow in KSA to Introduce New Investment Opportunities
Following the gold Rush’ Citigate International is on a Roadshow in KSA to Introduce New Investment Opportunities. Citigate International is on a two-week roadshow in Saudi Arabia targeting investors in Jeddah and Riyadh to promote Foreign Direct Investment (FDI) in mining and other natural resources in the Economic Community of West African States (ECOWAS). The […]
UAE strengthens position as regional hub for global pharmaceuticals manufacturing
The UAE can be a regional hub for global pharmaceuticals manufacturing, with innovation driving performance in the sector, the leaders of some of the world’s largest pharmaceutical companies heard at a briefing led by the UAE Government and supported by the Global Manufacturing and Industrialisation Summit (GMIS) – the world’s inaugural global gathering for the […]
Techmart Solutions – Official Analytics Partner for GITEX Technology Week
Techmart Solutions ME has partnered once again with GITEX Technology Week 2016 as the Official Analytics Partner to oversee data collection both onsite and online as well as provide strategic analysis with the aim of enhancing exhibitor and visitor experiences. “We are truly focused on the visitor experiences at the event and are dedicated […]