Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
ALIPH CAPITAL APPOINTS PRIVATE CAPITAL VETERAN AS MANAGING DIRECTOR
Gaurav Wadhwa joins Aliph’s expanding team of GCC mid-market specialists Abu Dhabi, UAE – 13 November 2024: Aliph Capital (“Aliph” or “the Company”), a leading GCC mid-market alternative investment manager, announces Gaurav Wadhwa has joined the firm as Managing Director. Gaurav joins Aliph’s growing team of experienced private equity leaders, led by Founder and CEO Huda […]
Mastercard and Saudia Announce Winners of the ‘Her Voice’ S3 Podcasts Mentorship Program in Collaboration with Blossom Accelerator
Riyadh, Saudi Arabia, 11, November 2024 – As part of an ongoing commitment to advancing female entrepreneurship and enabling Saudi women to fulfil their potential, Mastercard partnered with Saudia and Blossom Accelerator — for the third season of Mastercard’s ‘Her Voice’— to empower female entrepreneurs to attain lasting success. The entities hosted three workshops across Jeddah, Riyadh, and Khobar, […]
Alraedah Finance Announces Strategic Partnership with Methods Coffee Shop
Riyadh, Saudi Arabia – 12 November 2024: Award winning SME financier Alraedah announced a new partnership with Methods Coffee Shop, a Saudi specialty coffee brand seeking franchise financing, demonstrating the company’s commitment towards supporting the growth of the F&B industry in Saudi Arabia. The strategic partnership was broadcast during the third day of the Biban event, […]
Tatweer and NHC Sign Agreement for Major Mixed-Use Project Worth SAR 1.5 Billion During Cityscape Global
Riyadh, Saudi Arabia, November 12, 2024 – Tatweer has signed an (MOU) with NHC to collaborate on the development of a major mixed-use project. The MOU signing ceremony was attended by His Excellency Minister of Housing, Majid bin Abdullah Al-Hogail; Deputy Minister, Eng. Ihab bin Ghazi Al-Hoshani; CEO of NHC, Eng. Mohammed bin Saleh Al-Buti; and […]
Google Cloud Celebrates First Anniversary of Dammam Cloud Region in Saudi Arabia with Inaugural Summit, Showcasing Growth and AI Innovation
Riyadh, Saudi Arabia – November 12, 2024 – Google Cloud today marked the first anniversary of the Dammam Cloud Region launch in Saudi Arabia with the inaugural Google Cloud Saudi Arabia Summit. Held at the Four Seasons Hotel Kingdom Tower in Riyadh, the event brought together over 1,500 attendees, including Google Cloud partners, customers, government officials, […]
EDECS To Develop Phase 1 Infrastructure for DP World’s Jeddah Logistics Park
Riyadh, Saudi Arabia – 12 November 2024 – EDECS, a leading construction company in the MENA region, has signed an agreement with DP World, a global leader in end-to-end supply chain solutions, to develop the infrastructure work for Phase 1 of Jeddah Logistics Park. EDECS will commence work on Phase 1 of the project, spanning an […]
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Mastercard collaborates with Tap Payments on first global launch of ‘Click to Pay’ with Payment Passkey service for ecommerce
Al Riyadh, Saudi Arabia – 12 November 2024: Mastercard has partnered with Tap Payments, one of the leading payment institutions and technology providers in the Middle East and North Africa, to introduce a global-first Click to Pay with Payment Passkey service for secure ecommerce transactions. Payment Passkeys will revolutionize the consumer journey by eliminating the need […]
TDF at World Travel Market Reinforces Kingdom’s Position as Leading Global Tourism Hub
Riyadh – November 10, 2024: The Tourism Development Fund (TDF) concluded its participation in the World Travel Market, in London, reinforcing Saudi Arabia’s position as a leading global tourism hub, having highlighted the vast investment opportunities in the Kingdom’s tourism sector, a TDF press release said today. Over the course of the event, TDF engaged […]
Alesayi Holding Group Showcases Latest Real Estate Innovations and Projects at Cityscape 2024
Participating through its real estate sector across multiple fields with its subsidiaries covering development, asset management, and hospitality at Cityscape 2024. Riyadh, Saudi Arabia – Date 10 November : Alesayi Holding Group is gearing up for a significant presence at Cityscape 2024, taking place in Riyadh from November 11 to 14. The Group will represent four […]
SingleView Strategically Partners with Thiqah at Seamless Saudi 2024 to Transform Corporate Banking Services
Riyadh, 10 November 2024 – SingleView, the leading company in open banking and financial technology, announced a series of strategic partnerships during its participation in the Seamless Saudi Arabia 2024 Conference and Exhibition, held at the Riyadh Front Exhibition and Conference Center from October 22 to 24. At the event, the company unveiled its latest […]
Saudi Arabia’s Entrepreneurial Spirit Soars to Eight-Year High: GEM National Report 2024-2023
Riyadh, Saudi Arabia—06 November 2024: Saudi Arabia’s ambitions to diversify its economy are significantly boosted, fueled by a surge in entrepreneurial intentions among its citizens. According to the eighth edition of the “Kingdom of Saudi Arabia, GEM National Report 2023-2024” released today by the Prince Mohammed bin Salman College of Business and Entrepreneurship (MBSC), the Babson Global […]
Inaugural World Advanced Manufacturing & Logistics Summit (WAM) Saudi to bring deep knowledge and broad perspectives from international experts across diverse industrial sectors
Taking place in Strategic Partnership with MODON This preview edition marks the launch of WAM Saudi Expo 2025, running from 24-26 November 2025 at Riyadh Front Convention & Exhibition Centre A strong line up of international industry experts expects to convene to engage stakeholders in the surging Saudi economy RIYADH – November 07, 2024: The World Advanced […]
SAS places No. 2 on the Chartis RiskTech100 2025
SAS’ second-place finish in the world’s most prestigious risk technology rankings is complemented by six solution category awards SAS has again earned distinction as No. 2 on the Chartis RiskTech100® 2025. This marks the second consecutive year that the data and AI leader has placed second overall on the list, widely considered the preeminent annual ranking of […]
TDF and Dusit International Forge Landmark Partnership to Elevate Saudi Arabia’s Hospitality Sector
London, 6 November 2024: As Saudi Arabia continues to make tremendous strides towards becoming one of the world’s most attractive tourist destinations, the Tourism Development Fund (TDF), the national enabler of the Kingdom’s tourism sector, has reaffirmed its commitment to advancing the industry. This was highlighted by signing a Memorandum of Understanding (MoU) with Dusit […]
KSA Investors Seek Bilingual Support to Secure Real Estate in UK, According to Select Property Survey
• 81% of KSA investors wish they had begun investing in UK property earlier • 60% seek bilingual support to achieve their goals in UK real estate • The UK’s rental property market provides promising yields of up to 6% • The GCC invested $3.4 billion annually in commercial UK property in the past 10 years • 160 units worth […]
Bain & Company Launches Exclusive MENA Sustainability Shapers Program to Empower Regional Leaders
RIYADH: The launch of Bain & Company’s “MENA Sustainability Shapers Program” is set to bring together in its first cohort, more than 30 of Saudi Arabia’s top sustainability leaders in Riyadh, starting in November 2024. This exclusive 12-month program aims to build a community of leaders spearheading the region’s sustainability transformation. The program will focus […]
stc Group achieves the highest 9-month revenues and net profit of SAR 56.627 billion and SAR 11.233 billion
The growth strategy, coupled with the cost efficiency program, played a significant role in improving stc performance. Riyadh, 4 Nov stc Group announced its financial results for the nine months of 2024, reporting a revenue increase of SAR 2,138 million, reaching SAR 56,627 million, an increase of 3.92% compared to the same period last year. […]
Kingston Digital Leads Channel SSD Shipments in 2023
Dubai, UAE – 1 November 2024 – Kingston Digital Europe Co LLP, the flash memory affiliate of Kingston Technology Company, Inc., a world leader in memory products and technology solutions, today announced TrendForce has named it as the number one third-party supplier of SSDs in the channel for all of 2023. Based on the numbers provided by TrendForce, Kingston accounted for […]
Dynatrace Named a Leader in Inaugural 2024 Gartner® Magic Quadrant™ for Digital Experience Monitoring
Recognized for its Completeness of Vision and Ability to Execute October 31, 2024 WALTHAM, Mass.–(BUSINESS WIRE)–Dynatrace (NYSE: DT) has been named a Leader in the first-ever Gartner Magic Quadrant for Digital Experience Monitoring. Gartner evaluated 12 vendors and recognized Dynatrace for its Completeness of Vision and Ability to Execute. Complimentary copies of the 2024 Gartner Magic Quadrant […]
SingleView Showcases Transformative Open Banking Solutions at Seamless Saudi 2024
October 2024, Riyadh – SingleView, a pioneering leader in fintech and open banking services, participated at the Seamless Saudi 2024 exhibition and conference today, held at the Riyadh Front Exhibition & Conference Center from October 22-24th. The company highlighted its dedication to driving innovation in digital commerce through its cutting-edge open banking services. During the event, SingleView announced two strategic partnerships with […]
From Tradition to Seamless Innovation: The Surge in Gift Card Popularity Among Young Saudi Consumers
Dubai, 31 October 2024: YOUGotaGift, the leading marketplace for digital gift cards in the Middle East, cites that the MENA region’s e-commerce market is expected to reach 213.75 billion Saudi Riyals (SAR) by 2026[2]. Gen Z and Millennials are leading the transformation, with mobile commerce being a major driver, specifically via online retail in Saudi Arabia. […]
PIF and Brookfield sign memorandum of understanding to expand investment opportunities in Saudi Arabia and region
PIF and Brookfield Asset Management Ltd. today signed a non-binding memorandum of understanding (MoU) for PIF to act as a strategic anchor investor for Brookfield Middle East Partners (BMEP), a new platform which aims to serve as Brookfield’s new private equity vehicle for investments in businesses based in Saudi Arabia and the wider region. The […]