Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Hamed bin Zayed attends opening ceremony of AIM Congress 2025
Abu Dhabi, 08 April 2025: His Highness Sheikh Hamed bin Zayed Al Nahyan, Managing Director of Abu Dhabi Investment Authority, has attended the 14th edition of AIM Congress, held at Abu Dhabi National Exhibition Centre (ADNEC Centre Abu Dhabi). The event, convened under the theme Mapping the Future of Global Investment: The New Wave of a […]
Middle Eastern Banks Set for AI-Driven Transformation, Finastra Report Reveals
Dubai, UAE – April 07, 2025: The adoption of artificial intelligence (AI) in the Middle Eastern banking sector could significantly contribute to regional economic growth, potentially adding as much as 13.6% to GDP by 2030, according to industry analysts. Finastra’s Financial Services State of the Nation 2024 survey reveals that banks in the UAE and […]
Trump’s ‘Liberation Day’: What to Expect from the Upcoming US Tariff Plan
Lale Akoner, Global Markets Analyst at eToro Dubai, UAE – April 2nd, 2025: The United States is set to announce a sweeping new tariff plan on April 2nd, a move dubbed “Liberation Day” by President Donald Trump. While the administration has already introduced a series of tariffs, Trump has declared that this upcoming measure will […]
AIM Congress 2025 Kicks Off in Abu Dhabi on Monday with 20,000 Participants
ABU DHABI, UAE, April 4, 2025 /PRNewswire/ — The UAE is organizing the 14th edition of the AIM Congress, set to be held under the theme ” Mapping the Future of Global Investment: The New Wave of a Globalized Investment Landscape – Towards a New Balanced World Structure”. The event will take place April 7-9 at ADNEC […]
Unplugged @ Seamless Middle East: A New Platform for Off-the-Record Fintech Conversations Launches with Strategic MoU Signing
Dubai, UAE – 27 March 2025 – Seamless Middle East, the region’s largest and most influential fintech and digital commerce event, has officially partnered with Fintech Tuesdays Group (FTT) to host Unplugged by Fintech Tuesdays @ Seamless, a bold new feature set to debut during Seamless Middle East from 20–22 May 2025 at Dubai World Trade Centre. […]
Aqualia Transforms House Connection Management in Saudi Arabia, Achieving 89% Customer Satisfaction
Riyadh, March 27, 2025: Aqualia, a leading global water management company, has revolutionized house connection services in Saudi Arabia’s Northern Cluster through its collaboration with the National Water Company (NWC). By adopting an innovative strategy focused on efficiency, data-driven decision-making, and enhanced customer engagement, Aqualia has significantly improved service delivery, reducing backlogs and achieving a notable […]
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1.7 Billion in Financing by the Social Development Bank in Q1 2025And Activation of the Corporate Social Responsibility Portfolio
Riyadh – 25 March 2025 The Social Development Bank (SDB) held its regular meeting for the first quarter of the current year, chaired by His Excellency Ahmed bin Sulaiman Al-Rajhi, the Minister of Human Resources and Social Development (MHRSD), Chairman of SDB’s Board of Directors, and in the presence of the board members. The meeting reviewed […]
Digital payments economy in Africa expected to reach $1.5 trillion by 2030 according to new report
Mastercard commits to powering the continent’s growth, delivering meaningful scale and tangible impact Johannesburg, South Africa, 25 March 2025: Africa’s digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the digital payments economy is expected to reach $1.5 trillion by 2030. As a […]
JLL strengthens facilities management value proposition in Saudi Arabia amidst booming market
Riyadh, KSA; 23 March, 2025 – Saudi Arabia’s facilities management (FM) market is experiencing unprecedented growth, fuelled by Vision 2030 mega projects and a national drive for smart, sustainable infrastructure solutions. To capitalise on this momentum and leverage its value proposition, JLL, the leading professional services firm specialised in real estate, investment management and development consultancy services, […]
Azizi Developments partners with SAP for comprehensivedigital transformation to support expansion drive
The developer is now adopting RISE with SAP and a range of SAP solutions for its operations, to enhance efficiency and leverage the latest AI capabilities Dubai, United Arab Emirates, 21 March 2025: Azizi Developments, a leading private developer in the UAE, has entered a strategic partnership with SAP to drive an end-to-end digital transformation of […]
Social Development Bank Signs Two Cooperation Agreements in the Makkah Region
Under the Patronage of the Minister of Human Resources and Social Development Makkah – March 20, 2025 His Excellency Eng. Ahmed bin Sulaiman Al-Rajhi, Minister of Human Resources and Social Development and Chairman of the Board of Directors of the Social Development Bank (SDB), sponsored the signing of development agreements during his visit to the […]
New Murabba Reinforces Global Investor Appeal at MIPIM 2025
New Murabba, a Public Investment Fund (PIF) company, participated in the real estate event “MIPIM 2025,” held from March 11- 14 in Cannes, France. This year’s participation aims to enhance international investment in the Kingdom and highlight its commitment to economic diversification. According to a company press release issued today, New Murabba’s presence at MIPIM […]
Emirates NBD recognized as the “Best Foreign Bank in KSA”
Riyadh, Saudi Arabia – 19 March 2025: Emirates NBD, the leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has been named been named the “Best Foreign Bank in Saudi Arabia” at the prestigious EMEA Finance Middle East Banking Awards 2024 Held on 26 February 2025, at the Sheraton Grand Hotel in […]
UK’s Financial Conduct Authority authorises GII portfolio company Offa for Home Purchase Plans
19 March 2025: Dubai, UAE – Britain’s Financial Conduct Authority (FCA) has authorised Offa, a portfolio company of Gulf Islamic Investments (GII), to provide home purchase plans (HPPs), the Sharia-compliant alternative to conventional residential mortgages, for customers across the UK. The authorisation will soon allow Offa, the UK’s leading Islamic property finance fintech, which has been […]
Vision Bank becomes operational with Finastra’s cloud-native, Islamic banking treasury solution
With Finastra Kondor and managed services provided by DXC, the bank has enhanced its treasury trading and risk management capabilities, while offering modern, Sharia-compliant services Dubai, UAE – March 18, 2025 – Finastra today announced that the successful implementation of Finastra Kondor and cloud-based managed services provided by DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, enabled Vision […]
Checkout.com and Tabby Partner to Expand BNPL Solutions for Retailers in the UAE and Saudi Arabia
Dubai, UAE – March 17, 2025: Checkout.com, a leading global digital payments solutions provider, has partnered with Tabby, the financial services and shopping app, to offer flexible and high-performing payment solutions to merchants in the UAE and Saudi Arabia. This partnership integrates Tabby’s popular BNPL solutions directly into Checkout.com’s platform, allowing merchants to offer consumers seamless, […]
UL Solutions and Aramco Plan to Collaborate on Joint Projects to Help Enhance Safety in Saudi Arabia
The MoU between UL Solutions and Aramco aims to advance workplace and public safety and supports Saudi Arabia’s Vision 2030 goals NORTHBROOK, Ill.–(BUSINESS WIRE)– UL Solutions (NYSE: ULS), a global leader in applied safety science, today announced its collaboration with Aramco, one of the world’s leading integrated energy and chemicals companies, to explore opportunities to […]
RedotPay Secures $40 Million Series A Funding to Accelerate Global Crypto Payment Solutions
Investment Led by Lightspeed to Fuel Expansion of Borderless Payment Ecosystem Hong Kong, 17 March 2025, Massive Media: RedotPay, a leading crypto payment platform, today announced the successful close of a $40 million Series A funding round led by Lightspeed following their commitment in December 2024, with significant investments from HSG and Galaxy Ventures. The round also […]
Emirates NBD partners with VFS Global to empower consumers with exclusive benefits and services
Emirates NBD, the leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has signed a partnership agreement with VFS Global — the world’s largest visa outsourcing and technology services specialist — to offer consumers across the Kingdom access to exclusive benefits. The agreement was signed by Ghassan Najmeddin, Head of Retail […]
PIF launches Al Waha, first Saudi-owned duty-free retailer
PIF today announced the establishment of Al Waha Duty-Free Company (Al Waha), a travel retailer and the first Saudi-owned duty-free operator. Al Waha, a wholly owned PIF company, will become a leader in travel retail and secure a greater share of passenger spending for the Saudi economy. Al Waha will develop luxury retail outlets in […]
Riyadh Holding launches an Innovation Hub at FoodSphere in Collaboration with Hungerstation to Support Next Superfoods Projects
Riyadh, 03.13.25: Driven by its efforts to support entrepreneurship in the food sector, Riyadh Holding Company announced the signing of a cooperation agreement with Hungerstation to launch the “Hungerstation Innovation Hub” within the Al Tahlia Oasis – FoodSphere, a pioneering first phase of the Riyadh Oases project. The hub will offer a range of advanced digital […]
RemotePass and Wafeq Partner to Automate Payroll and Accounting for UAE & KSA Businesses
Dubai – March 13, 2025: RemotePass, a UAE-based global payroll platform, and Wafeq, a UAE-based accounting software provider, have partnered to fully automate payroll accounting for businesses in the UAE and KSA. This integration seamlessly syncs payroll and financial data from RemotePass to Wafeq’s accounting system in real-time, eliminating manual entry, reducing errors, and ensuring […]