Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Visa returns with #NotATourist Summer Getaway 2016 to reward holiday spends of KSA cardholders
Visa (NYSE:V), a global payments technology company, has announced the launch of its highly anticipated ‘Not A Tourist’ Summer Getaway 2016 campaign that will provide Visa cardholders in the Kingdom of Saudi Arabia with a chance to win exciting holiday packages every week until 12 September 2016. To be automatically entered to win a holiday […]
160808 Home Box Continues Growth across the KSA eng
Home Box, Landmark Group’s value driven furniture brand has opened its newest store in Al Rass on 5 August 2016. The new store, located at the Oasis Mall, Al Rass, is the ninth Home Box store in the Kingdom. Spanning an area of over 2020 square metres, the store showcases the brand’s newest collections of […]
Arabian Centres launches mall leasing opportunities for homegrown boutiques
Arabian Centres, the largest developer, owner and operator of shopping malls in Saudi Arabia, announced today an initiative that enables homegrown boutique brands to set-up operations in Arabian Centres’ portfolio of 18 shopping centres in the kingdom. The programme which starts from few weeks is aimed at supporting young entrepreneurs and new retail brands based […]
TRA Reveals Data for First Quarter of 2016 on UAE Market Shares of Mobile Handsets, Smartphones and Social Networking Sites
The Telecommunications Regulatory Authority (TRA) has revealed statistics for the first quarter of 2016 on the nation’s most popular mobile phone handsets, social networking platforms and applications websites. Investigating the current state of the market, the report reveals the market share of mobile phones in the UAE by manufacturer and model. According to the report, […]
Panasonic Announces the Winners of their ‘YallaRio’ Campaign
Panasonic Marketing Middle East and Africa (PMMAF) is pleased to announce the winners of its one-and-a-half-month #YallaRio Olympic promotion campaign that ended on 30 June. Marie Antonette Cubol and Rey John Paul – couple from the UAE, Hossam El Din Mahmoud Mohamed Aly from Oman, and Sami Hasen Mohmad Khader from Jordan are the lucky […]
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STUDY finds environmental cost of plastics NEARLY FOUR times LESS THAN alternative Materials
The Gulf Petrochemicals and Chemicals Association (GPCA) has highlighted the findings of a new study by Trucost, a leading environmental research organization, that finds the environmental cost of using plastics in consumer goods and packaging is nearly four times less than if plastics were replaced with alternative materials. The study is based on natural capital […]
Kantar Media_TView TV Measurement Endorsed By CESP
Global recognition for TView system, backed by leading UAE Media groups including National Media Council & TRA Jeddah; 27 July 2016: In response to growing demand for acceptable measurement standards within the regional media and advertising industries, independent media auditor Centre d’étude des supports de publicité (CESP) has audited the national TView People Meter-based Television […]
ManageEngine Earns Top Value Score in Info-Tech ITAM Research
ManageEngine, the real-time IT management company, earned the top Value Score in Info-Tech Research Group’s Vendor Landscape: IT Asset Management (ITAM). The company’s ITAM solution, AssetExplorer, earned Info-Tech’s Value Award for providing “comprehensive asset management and integration to ManageEngine ITSM, desktop management, and IT operations modules at a fraction of the price of other tools.” […]
Mobile Technology Redefines How Saudi Arabia Does Business
Mobile technology is transforming the way Saudi Arabia does business, and has grown into the most effective communications channel for local, regional, and international companies trying to tap into the limitless potential presented by the Kingdom’s prosperous market, according to KSA industry experts. Businesses across the country are quickly beginning to realize the importance of […]
Telecoms giant, Verizon buys Yahoo’s search and advertising operations for $4.8bn
US telecoms giant, Verizon Communications, has bought Yahoo’s search and advertising operations for a deal of around $4.8bn. Verizon said the deal for Yahoo’s core internet business, which has more than a billion active users a month, would make it a global mobile media company. Commenting on this news, Juan Jose Rio, partner at advisory and […]
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Dubai Silicon Oasis Authority and Thomson Reuters to Host Second ‘Innovation 4 Impact’ Pitch Competition
The second edition of the Innovation 4 Impact Competition will take centre-stage at the Global Islamic Economy Summit 2016 (GIES 2016) to be held under the theme ‘Inspiring Change’, at the Madinat Jumeirah in Dubai, from October 11-12. Islamic digital economy entrepreneurs from around the world will compete for a chance to win cash, gain […]
GE completes the first of its kind upgrade in the Middle East and Africa at the Nubaria power plant in Egypt decreasing fuel c onsumption by 3%
GE (NYSE: GE) today announced that it has completed the upgrade of two GE 9FA gas turbine at the Nubaria power plant, located in Beheira, Egypt, and owned by the Middle Delta Electricity Production Company’s (MDEPC). The upgrade includes the installation of GE’s latest combustion solutions for the 9FA gas turbine including Advanced Gas Path […]
SDG briefs high profile delegation from Abu Dhabi Department of Finance on best government practices
Smart Dubai Government Establishment (SDG), the technology arm of Smart Dubai, recently received delegates from the Department of Finance – Abu Dhabi. The visiting delegation wanted to be briefed on the SDG’s best practices in government resources planning systems (GRPS) and discuss means of exchanging expertise and prospects of future cooperation. Huda Al Hashimi, Director, […]
CABRTech and Bentley Systems Advance “BIM for Buildings” in China through Technology Licensing Subscription and Support Agreement
ABRTech and Bentley Systems today held a signing ceremony for a Technology Licensing Subscription and Support Agreement that advances “BIM for Buildings” in China. CABRTech developed and holds independent intellectual property rights to the domestic, customized PKPM-BIM platform and professional software, which was designed to solve the key challenges of BIM data sharing and collaboration […]
Software AG unveils plans to explore USD 420 billion Iranian economy
Software AG, an enterprise software developer, has revealed its strategic plans to venture into Iran to leverage its potential of becoming the fastest-growing IT sector in the Middle East region in the next five years. During its recent visit to the country, the team from Software AG signed a partnership agreement with two local partners, […]
Cloud Computing Is More Than Just A Tech Shift
While the term cloud has become increasingly familiar in the region, many of its business benefits can be overlooked due to the number of acronyms and options inbuilt around the service. Cloud computing delivers significant benefits in terms of tangible business metrics such as simplified and flexible IT environment, right sizing of IT requirements, and […]
SDG honours three individuals for providing innovative ideas to Mohammed Bin Rashid Smart Majlis
Smart Dubai Government Establishment (SDG) has honoured three individuals for their innovative ideas that SDG received through Mohammed Bin Rashid Smart Majlis, an integrated platform for receiving innovative ideas, suggestions and comments and offering a real opportunity for Dubai inhabitants to contribute to building the city to become home of happy, proud and satisfied people. SDG has so far received numerous innovative ideas and developmental observations through Mohammed Bin Rashid Smart Majlis including 442 ideas related to Smart Dubai Government and 73 […]
Malls in the Region Should Look into Smarter Lighting Options
Experts from retail lighting and the décor industry debate that smart and flexible lighting standards in regional malls can help brands build an identity as well as save a considerable amount of energy. These and other topics were discussed by an expert panel from the retail lighting sector that included manufacturers, consultants, facility management companies, […]
Smart Dubai showcases Happiness Agenda strategy at DEWA
Smart Dubai Office (SDO) held an introductory meeting at the headquarters of Dubai Electricity and Water Authority (DEWA), during which H.E. Dr. Aisha Bint Butti Bin Bishr, Director General of SDO, met with H.E. Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, to showcase Smart Dubai Happiness Agenda developed by the SDO in […]
SDG holds brainstorming session to develop shared services
Smart Dubai Government Establishment (SDG), in co-operation with a number of its strategic partners in government entities, has organized a brainstorming session titled “Challenges of connected services” as part of its innovative activities and its efforts for developing government shared services, which are offered in partnership or collaboration with several government entities to ensure sustainable […]
STME Receives Veritas’ ‘Enterprise Partner of the Year Award’
STME, the Middle East’s leading IT solutions provider and systems integrator (SI), headquartered in Dubai, received the Veritas ‘Enterprise Partner of the Year Award’ at the recently concluded gala ‘Veritas Channel Award Night 2016’. The Veritas award recognizes STME’s perseverance and deliverance of services, products, and solutions to clients, especially focusing on enterprise clients. “It […]
Abdul Latif Jameel Motors: “More than 360 Million Imported Counterfeit Spare Parts Have Inflicted Major Losses on the Economy”
Experts in the Saudi automotive industry confirmed that the sector suffered approximately SAR2 billion in losses due to the dramatic increase in counterfeit spare parts in the local market. This worrying proliferation of fraud and counterfeiting negatively impacts not only the automotive sector, but the economy and the consumer. During the recent “Risks of Counterfeit […]