Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Loyalinks: Banking and Fintech Experts Gather to Discuss Innovation in Loyalty Programs
With the presence of elite experts from the banking and fintech sectors, Loyalinks organized its second event on innovation in loyalty solutions for banking and fintech on Wednesday, February 5, 2025, at Voco Hotel in Riyadh. The event aimed to highlight the challenges and opportunities in developing loyalty and rewards programs, offering a renewed vision […]
Huawei Advances Digital Intelligence Transformation at LEAP 2025
Riyadh, Saudi Arabia – February 06, 2025: Huawei will showcase its vision for comprehensive intelligence and sustainable development at LEAP 2025, taking place February 9-12 in Riyadh. The company’s presence at the event underscores its commitment to continuous innovation and partnership-driven approaches, accelerating the digital transformation of industries across Saudi Arabia and beyond. Trevor liuyan CEO […]
EMBRACING FUTURE POSSIBILITIES WITH PRINTED PACKAGING
By Shadi Bakhour, B2B Business Unit Director at Canon Middle East Digitally printed packaging is one of the world’s fastest-growing print sectors, with projected growth to $23.6 billion in 2027 and $45 billion by 2032[1]. While digital’s current share of the total global printed packaging market is small, the technology’s potential is enormous, as are […]
GBS Signals Transformation with Brand Identity Refresh
New logo expresses strengthened commitment to greater innovation, growth, and alignment with Saudi Vision 2030 Riyadh, Saudi Arabia, 03 February 2025: Gulf Business Solution (GBS), the leading technology solutions provider in Saudi Arabia, has announced the unveiling of its new brand identity. Under its broader rebranding initiative, GBS is building upon its expertise in cybersecurity consultancy […]
Social Development Bank Concludes “Almarai Chefs” Training Camp, Empowering 43 Entrepreneurial Projects in the Culinary Sector
Riyadh – February 3, 2025 The Social Development Bank (SDB) has successfully concluded the “Almarai Chefs” camp, an initiative aimed at empowering productive families in the culinary sector. The camp was organized in partnership between SDB—represented by the Dulani Business Center—and Almarai and ran for five months in Riyadh, supporting 43 participants through 12 expert […]
Deloitte Middle East’s Tax Genie 2.0 recognized for innovation in Tax and Legal services
Dubai, United Arab Emirates, February 3rd, 2025: Deloitte Middle East’s in-house pioneering AI-powered solution, Tax Genie 2.0, has been recognized by the Business Intelligence Group at the 2025 BIG Innovation Awards and the Stevie® Awards, the world’s premier business awards. These prestigious accolades reflect the game-changing impact of this cutting-edge technology solution, innovated and developed […]
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GBM to Deliver Comprehensive IT Services for Landmark Hospitality Group Across GCC
Strategic agreement aims to optimize technology infrastructure and drive innovation in the hospitality sector Dubai, United Arab Emirates – February 03, 2025: Gulf Business Machines (GBM), a leading end-to-end digital solutions provider, has been selected by Landmark Hospitality to deliver comprehensive IT managed services for the hospitality business operations across the GCC over the next three years. The […]
DAR GLOBAL BREAKS GROUND ON TRUMP TOWER JEDDAH, APPOINTS SIFCO FOR ENABLING WORKS
Kingdom of Saudi Arabia; 2 February 2025: Dar Global, the London-listed luxury real estate developer, has awarded the enabling works contract for the highly anticipated Trump Tower Jeddah to Specialized Italian Foundation Co. Ltd. (SIFCO). SIFCO, an ISO 9001:2015 & BSOHSAS 18001:2007 certified company, is a 100% Saudi foreign investment firm specializing in deep foundations construction. […]
Emirates NBD Group’s Deniz Ventures and Qatar’s Rasmal Ventures Invest 7.6 million USD in TeamSec to Advance Securitization Innovation
Kingdom of Saudi Arabia, 30 January 2025: Deniz Ventures, the venture capital fund of DenizBank, established under the Emirates NBD Innovation Fund—the Corporate Venture Capital arm of Emirates NBD Group—and Rasmal Ventures, a leading Doha-based venture capital firm, have jointly invested in TeamSec, the world’s first AI-powered securitization platform, transforming the structured finance industry through […]
Boyden Middle East celebrates 25 years of leadership excellence in the Middle East region
Riyadh, Saudi Arabia, 30 January 2025 – Boyden Middle East, a premier global leadership and talent advisory firm, marks its 25th anniversary of regional excellence with a milestone celebration held in Saudi Arabia, underscoring its continuous commitment to the region. The event, coinciding with the visit of global President & CEO Chad Hesters, brought together clients and senior […]
MINISTER AL-RAJHI REAFFIRMS SAUDI ARABIA’S GLOBAL LEADERSHIP AND COMMITMENT TO COLLABORATION AT THE GLOBAL LABOR MARKET CONFERENCE
Riyadh, Saudi Arabia — Opening the second edition of the Global Labor Market Conference (GLMC), His Excellency Ahmed bin Sulaiman Al-Rajhi, Minister of Human Resources and Social Development, emphasized Saudi Arabia’s unwavering commitment to fostering international collaboration and driving innovative solutions to address global labor market challenges. He further underscored the Kingdom’s dedication to building a […]
Dsquares Acquires Majority Stake in Prepit to Revolutionize Loyalty Solutions for the Region’s SMEs
Riyadh, KSA, 29 January 2025—Dsquares, a leader in loyalty and rewards solutions, has announced its strategic acquisition of a majority stake in Prepit, a B2B SaaS loyalty platform specializing in AI-driven solutions for SMEs in the food and beverage (F&B) and e-commerce sectors. This acquisition builds on Dsquares’ proven expertise in the loyalty sector across […]
PIF announces pricing of $4 billion bond offering
PIF announced that it has successfully completed the pricing of a $4 billion Reg S bond issuance. Proceeds from the issuance will be utilized for general corporate purposes. The international bond offering is part of PIF’s Euro Medium-Term Note Program and was four times oversubscribed, with an order book of approximately $16 billion. The issuance […]
LAHINT Triumphs as Best Startup in Saudi Arabia for 2024 at Prestigious Dubai Ceremony
Dammam, KSA, 28 January 2025, Massive Media: In a remarkable achievement for Saudi Arabia’s burgeoning tech scene, LAHINT has been named the Best Startup in the Kingdom of Saudi Arabia for 2024, surpassing 6,500 competing companies. This accolade was awarded during the Forttuna Global Excellence Awards ceremony held on the Queen Elizabeth Yacht in Dubai. Among the distinguished […]
Salam to Champion Innovations in Labor Market as Strategic Sponsor of the Global Labor Market Conference 2025
Set to lead conversations around the ‘future in progress,’ Salam continues to play an instrumental role in shaping the trajectories of the Saudi labor market. Riyadh, January 28, 2025: Salam, a leading provider of telecommunications services in Saudi Arabia, today announced its strategic sponsorship of the Global Labor Market Conference (GLMC) 2025, set to take place on […]
Juniper Networks Announces Juniper Partner Advantage 2025 to Accelerate Partner Growth and Profitability
Updated program unveils enhanced incentives, advanced tools and increased investments to empower greater partner success SUNNYVALE, Calif. – January 28, 2025 – Juniper Networks®, (NYSE: JNPR), a leader in secure, AI-Native Networking, today announced the latest evolution of its Juniper Partner Advantage (JPA) program, for 2025. The program is designed to provide partners with the resources, support and strategic […]
Social Development Bank Concludes Successful Participation as Strategic Partner in “Forsaty 4” Forum
January 27, 2025 The Social Development Bank (SDB) successfully concluded its participation as a strategic partner in the “Forsaty 4” Forum, held under the patronage of His Royal Highness Prince Dr. Faisal bin Mishaal bin Saud bin Abdulaziz, Governor of Al-Qassim Region. The event took place from January 22 to 25, 2025, and highlighted SDB’s commitment […]
HONEYWELL SIGNS MOU WITH PETRO RABIGH TO LICENCE ITS NAPHTHA CONVERSION TECHNOLOGY IN SAUDI ARABIA
Under the patronage of the Ministry of Energy, Petro Rabigh and Honeywell have signed a Memorandum of Understanding (MoU) to explore the deployment of Honeywell UOP’s Naphtha-to-Ethane-and-Propane (NEP) technology. The signing ceremony was sponsored by Eng. Ahmed Al-Zahrani, Assistant Minister for Development and Excellence at the Ministry of Energy, reaffirming the Kingdom’s commitment to fostering […]
WDS Continues Strategic Partnership with SAMI for 2026 as National Strategic Partner
Riyadh, Saudi Arabia, 26 January, 2025 — World Defense Show (WDS) proudly announces continuation of its strategic partnership with Saudi Arabian Military Industries (SAMI) for the show’s third edition, to be held 8-12 February 2026 in Riyadh, Saudi Arabia. SAMI has been a key partner since the inception of WDS, and this continued collaboration plays […]
Saudi Arabia to Host Regular World Economic Forum Global Meeting
Davos, Switzerland. 24 January 2025 — The Kingdom of Saudi Arabia will host a regular high-level World Economic Forum (WEF) global meeting in Riyadh, with the first slated for the Spring of 2026, it was announced today. The announcement was made today by His Excellency Faisal F. Alibrahim, Minister of Economy and Planning, and Børge Brende, […]
Checkout.com achieves 45% growth and sets stage for return to profitability
Dubai, UAE — 23rd January 2025 —Checkout.com, a leading global digital payments company, today announces a profitable end to 2024 and 45% year-on-year net revenue growth in its core business, which serves the commerce and fintech sectors and accounts for 95% of total volumes. These milestones underscore the company’s commitment to delivering the best possible value to […]
PIF and Elm sign agreement for Elm to acquire Thiqah
PIF and Elm, a leading digital solutions company, today signed a share sale and purchase agreement for Elm to acquire Thiqah Business Services Company – a firm specializing in smart technology solutions for business services – in a deal valued at $907 million (SAR 3.4 billion). Completion is expected once regulatory approvals are obtained and […]