Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
The UK’s Mobile Banking Tightrope: 98% of British Consumers are Happy with their Mobile Banking Service
A consumer survey conducted by leading mobile commerce analyst firm Juniper Research has found near universal satisfaction amongst UK mobile banking users, with 98% of those surveyed stating that they were “very happy” or “quite happy” with their service. However, the survey also found that with mobile access now perceived as a key pillar of a […]
Al Salem Johnson Controls Showcases Its Latest YORK Products
Al Salem Johnson Controls, a pioneer provider of integrated HVAC solutions and equipment, held an introductory seminar on YORK’s latest energy efficient solutions at Le Meridien Jeddah Hotel, under a series of events planned to be held across the Kingdom of Saudi Arabia, to display the best integrated solutions under the HVAC industry, aiming to […]
Thomson Reuters Concludes 8th Compliance & Anti Money Laundering Seminar in Saudi Arabia
Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, concluded the 8th Compliance & Anti Money Laundering (AML) Seminar in Saudi Arabia. The seminar is held in partnership with the Institute of Finance of the Kingdom of Saudi Arabia and under the patronage of H.E. Abdulaziz Al-Furaih, Vice Governor of Saudi […]
Souq.com the region’s largest e-commerce platform participates in the new Saudi Ministry of Commerce and Investment initiative -‘Maroof’
Souq.com, the Middle East’s largest online retail and marketplace platform has gained the Maroof golden certificate – a new platform developed by Thiqah Business services under the supervision of the Ministry of Commerce and Investment in the Kingdom of Saudi Arabia. Maroof’s goal is to further support the drive in boosting consumer trust between the […]
French pavilion will be showcasing innovative mobile & payment solutions at CARDS & PAYMENTS MIDDLE EAST 2016
CARDS & PAYMENTS MIDDLE EAST, Middle East’s largest and most established expo for the Smartcards & Payments community, will be held from 31 May to 1June 2016 in Dubai. This year’s edition is expected to attract approximately 10 000 visitors coming out to meet some 300 exhibitors. Business France will be hosting nine French companies […]
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SapientNitro Named Adobe Marketing Cloud EMEA Growth Partner of the Year
SapientNitro, a leader in helping clients reimagine their businesses in the age of the customer, announced that it has been named “Adobe Marketing Cloud EMEA Growth Partner of the Year” by leading digital marketing and media solutions provider Adobe. The award, presented today at Adobe’s Summit EMEA Partner Day, recognises SapientNitro, part of the Publicis.Sapient […]
Saudi Vision 2030 Enables Kingdom to Leapfrog in Digital Economy Innovation
Public-private partnerships in technology will drive Saudi Vision 2030, and support the Kingdom to leapfrog in Digital Economy innovation, industry experts announced today at the SAP Saudi Forum. “Technology mega-trends such as hyper-connectivity and the cloud can enable the Kingdom to leapfrog in Digital Economy innovation, in line with Saudi Vision 2030. By combining public sector vision […]
Free Zone of the Future Program Launched at World Free Zones Organization’s second Annual International Conference and Exhibition
World Free Zones Organization (World FZO) today launched the ‘Free Zone of the Future Program’ on day two of its 2nd Annual International Conference and Exhibition currently underway in Dubai. The Free Zone of the Future Program is an international initiative revolving around three main pillars that will enable free zones around the world to […]
World Summit on Information Society Honors MoI for its Distinguished Participation
During a ceremony recently held in Geneva, the World Summit on the Information Society (WSIS) 2016 honored the United Arab Emirates (UAE) Ministry of Interior (MoI). This honor was to recognize the MoI’s efforts for driving several distinguished projects that reached the competition finals, including 15 distinguished Emirati projects which were among the best 88 projects […]
Empower saved 892 megawatts of energy in 2015
Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, has recorded a milestone achievement in power saving over 892 megawatts of energy in 2015 by using district cooling instead of traditional air conditioning systems. HE Ahmad Bin Shafar, Chief Executive Officer of Empower attributed that to the dramatic increase in efficiency […]
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Dubai Statistics Centre: Dubai imported USD 3.6 billion of plastics and rubbers in 2015; Exported USD 1.3 billion and re-exported nearly USD 1 billion
According to latest Dubai Statistics Centre figures, Dubai has imported USD 3,662,398,000 and exported USD 1,327,520,000 of plastics and rubbers in 2015. The Emirate has also re-exported USD 1,008,174,000 of plastics and rubbers in the same period. These trade figures were revealed today (Wednesday, 11th May, 2016) during a press briefing held by the […]
DEWA discusses cooperation with Swiss companies
Dubai Electricity and Water Authority (DEWA) organised a meeting that attracted 100 Swiss companies under the theme ‘Business Innovation’ at the Sustainable Building in Al Quoz. HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), attended the event, which discussed investment opportunities in energy projects and cooperation with Swiss […]
UAE-based UNIKAI taps into Qatari FMCG market through partnership with Qatar Foods & Services
United Kaipara Dairies (UNIKAI), one of the largest FMCG companies in the UAE, has signed a memorandum of understanding (MoU) with Qatar Foods & Services, a subdivision of Quality Group International and major supplier of consumer products to wholesalers, retailers and hypermarkets and supermarkets in Qatar, to make available UNIKAI products in the Qatari FMCG. The deal, […]
Bawadi Mall summer preparations in full swing
Bawadi Mall, the largest in Al Ain, unveiled its summer preparations programme for this year. Bassam Saleh, Marketing Manager of Bawadi Mall said it will include back-to-back entertainment shows, and a shopping bonanza over the summer period. Saleh said Bawadi Mall prepared a fully-fledged programme that includes entertainment shows, and partial discounts at its various […]
Al Marjan Island (AMI) takes part at the Global Real Estate Institute – London Forum
Al Marjan Island (AMI) Company, a leading waterfront development company in the UAE, has taken part in the Global Real Estate Institute (GRI) – London Forum, a global club of senior level investors, developers and lenders in real estate. The international forum gathered the world’s leading real estate players to develop valuable relationships, find new […]
Solar Energy in Dubai: Sun is our Limit
Following immense natural resources consumption on Earth, mankind has finally set a new ambitious goal to get his energy needs through renewable resources. This idea seemed difficult several decades ago, but it has formed a framework for an integrated industrial sector driven by the needs of survival and preserving a secure future for generations to […]
Hili Mall in Al Ain City launches a 38 days ‘Shop and Win’ campaign
Hili Mall in Al Ain, unveiled its first ‘Shop and Win’ innovative concept that will award 3 lucky shoppers with generous gift vouchers; redeemable at any of the mall’s outlets, when spending minimum of AED 200. Hany Abd El-Hamid. Deputy General Manager – Hili Mall said ”we decided in Hili Mall to unveil continued Marketing […]
Ooredoo Group Q1 2016 Reported Revenue of QAR 7.9bn
Ooredoo Q.S.C. (“Ooredoo”) – Ticker: ORDS today announced results for the first quarter ended 31 March 2016. Financial Highlights: Quarterly Analysis Q1 2016 Q1 2015 % change Consolidated Revenue (QAR mn) 7,888 8,037 -2% EBITDA (QAR mn) 3,179 3,205 -1% EBITDA Margin (%) 40% 40% – Net Profit Attributable to Ooredoo Shareholders (QAR mn) 879 […]
Fortinet’s Security Fabric Offerings and Strong Execution Drive Revenue Growth of 34% Year Over Year
Fortinet® (NASDAQ: FTNT), a global leader in high performance cyber security solutions, today announced financial results for the first quarter ended March 31, 2016. “During the first quarter, Fortinet executed very well and outperformed across all key metrics,” said Ken Xie, founder, chairman and chief executive officer. “The increasing complexity of the IT security landscape […]
Egyptian Banks Will Benefit From Devaluation and Rising Interest Rates
On 14 March, the Egyptian central bank devalued the Egyptian pound by 14% versus the dollar to EGP8.85. Three days later it increased the country’s benchmark interest rate by a substantial 150 basis points to 10.75%. The currency devaluation comes at a time of low net international reserves and is credit positive both for Egypt […]
Digital Transformation Can Double Qatar’s Commercial Output to USD 4 Billion by 2019
Digital transformation can double Qatar’s commercial output to over USD 4 billion by 2019, leading organizations agreed at a major technology event today. With hyper-connectivity and e-commerce, Qatar’s business-to-business and business-to-consumer markets are set to grow from USD 2.3 billion in 2014 to USD 4.3 billion in 2019, according to the Ministry of Transport and […]
The Euromoney Saudi Arabia Conference Starts on 3 May
H.E. Dr. Ibrahim Al-Assaf, Minister of Finance, Kingdom of Saudi Arabia, will be the first in a series of distinguished keynote speakers at the Euromoney Saudi Arabia Conference on Tuesday, as the biggest financial conference in the Kingdom reviews the bold steps being taken to transform the economy. Last week, the government unveiled a long-term […]