Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Geidea and tpay Partner to Scale Digital Payments in KSA, Egypt, and UAE
Dubai, UAE, Oct 29, 2024 — With digital payments in the Middle East, Turkey, and Africa (META) projected to grow at a compound annual rate of approximately 17.7% from 2023 to 2030, the region’s payment landscape is set for substantial evolution. Geidea, one of the region’s leading financial technology companies, has announced a strategic partnership with tpay, the […]
‘Powering the Future Toward Net Zero’ Forum Concludes today in Dammam with Compelling Message to Intensify Partnerships in GCC to Achieve Net-Zero Emissions
Dammam, Saudi Arabia – 28 October 2024: The two-day ‘Powering the Future Toward Net Zero’ forum, organized by the Gulf Cooperation Council Interconnection Authority (GCCIA) in collaboration with the Electric Power Research Institute (EPRI), GO15, and Med-TSO, concluded today (Monday, 28 October 2024) in Al Khobar in Saudi Arabia. Held under the patronage of HRH Prince Saud […]
Kemsolid BY KEMROC Unveils Innovative Soil Improvement Solutions, Shaping a Sustainable Future for Construction in the Region
Kemsolid BY KEMROC, a leading German brand in innovative rock cutting technology, is proud to announce the launch of two new models specifically engineered for railway and specialized foundation projects, focusing on shoring, sealing, separation, stabilization for high-speed applications, and the construction of retaining walls: the ‘KSI Twin 16000’ equipped with 2 blades and the […]
stc Group to champion ‘Infinite Horizons’ at FII8
Riyadh, 28 October 2024 – stc Group, Saudi Arabia’s leading digital enabler, has announced its strategic partnership with the Future Investment Initiative Institute (FII) ahead of its 8th annual conference. The conference is taking place from 29th – 31st October at the iconic King Abdulaziz International Conference Center in Riyadh, under the theme ‘Infinite Horizons: Investing Today, Shaping Tomorrow’. The event is set […]
Nikken Sekkei to showcase Next-Gen Sustainable Skyscrapers Prototype
at Cityscape Global Riyadh, Saudi Arabia, 28 October 2024: Leading Japanese architectural, engineering and urban design firm, Nikken Sekkei, one of the world’s largest practices, will introduce a new Prototype for Next-Generation Skyscrapers at Cityscape Global in Riyadh. The prototype, designed for Tokyo, Japan and applicable for regions around the world including the Middle East, features various workplace design innovations that potentially reduce whole life carbon […]
NEOM Board of Directors showcases progress with opening of Sindalah, a new luxury travel destination in the Red Sea
NEOM, Kingdom of Saudi Arabia, October 27, 2024 – Sindalah, the luxury island destination and first physical showcase of NEOM, has been unveiled by the NEOM Board of Directors. First announced by His Royal Highness Mohammed bin Salman, Crown Prince and Chairman of the NEOM Board of Directors in December 2022, Sindalah’s opening marks an exciting […]
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Huawei Partners with Salam Mobile to Enrich Customer Experience through Exclusive Offers and Collaboration in Saudi Arabia
October 24, 2024 – Dubai, UAE – Huawei has signed an important Memorandum of Understanding (MoU) with Salam Mobile, marking a collaboration aimed at enriching customer experiences for both companies in the Saudi Arabian market. The agreement was signed during a ceremony by Mr. Keith Li, Vice President, Huawei Tech Investment Saudi Arabia and Mr. Ahmed Al-Anqari, CEO […]
THE EXECUTIVE CENTRE’S SUBSTANTIAL INVESTMENT OF USD 30 MILLION IN RIYADH WAS MARKED BY THE SIGNING OF TEC’S NEW CENTRE AT KING ABDULLAH FINANCIAL DISTRICT (KAFD)
Riyadh, 23 October 2024: The Executive Centre, Asia’s leading premium flexible workspace provider, is proud to announce its entry into Saudi Arabia with the opening of its first and largest centre to date in Riyadh, located at the King Abdullah Financial District (KAFD). This strategic move marks a significant milestone for the company as the opening of this […]
Vertiv Codevelops with NVIDIA Complete Power and Cooling Blueprint for
NVIDIA GB200 NVL72 Platform End-to-end critical power and cooling reference designs for NVIDIA Blackwell architectures up to 7MW, with OCP infrastructure options Dubai, UAE [October 22, 2024] – Vertiv (NYSE: VRT), a global provider of critical digital infrastructure, today announced that it is releasing a complete 7MW reference architecture of the NVIDIA GB200 NVL72 platform, co-developed with […]
Oracle Celebrates the Launch of Second Cloud Region in Saudi Arabia
New public cloud region in Riyadh is Oracle’s second cloud region in Saudi Arabia and part of Oracle’s US $1.5 billion investment to boost the country’s cloud capacity in line with Saudi Vision 2030 Riyadh, Kingdom of Saudi Arabia – October 22, 2024 – Oracle today marked the launch of its second public cloud region in […]
Saudi Arabia’s Cleantech Ambitions Powered by Hydrogen, Solar, and Wind Energy
Carbon capture is also central to the Kingdom’s plans to achieve net-zero emissions by 2060, including a pledge not to build new power plants without carbon capture technology. London, 22 Oct 2024 — While maintaining its leading global position as a producer of hydrocarbons, Saudi Arabia is embarking on a major transformation of its energy sector, […]
Telr Enters Jordan and Bahrain, Empowering Local E-Commerce Growth
Dubai, 22 October 2024 — Today, Telr, the award-winning online payment gateway, proudly announces its expansion into Jordan and Bahrain. This strategic move reflects Telr’s unwavering commitment to driving digital transformation and supporting the growing e-commerce ecosystems in the MENA region. With Telr’s comprehensive payment solutions, businesses in Jordan and Bahrain can now seamlessly accept online […]
Navigating MENA’s Digital Transformation: Success Stories and Collaborative Strategies for a Thriving Digital Commerce
Riyadh, KSA – October 22, 2024: Leading payment solutions provider Checkout.com has released phase two of its fourth annual report on digital commerce in the region, titled “The State of Digital Commerce in MENA 2024: Perspectives from the Leading Edge”, announced today during the Seamless Saudi Arabia conference. The report features thought leadership and insights from key players at the forefront […]
Mastercard Supports Transformation of Saudi Arabia’s Digital Payment Ecosystem with the Launch of Local Technology Infrastructure
Mastercard’s new infrastructure aims to support a secure digital payments ecosystem in the Kingdom October 22, 2024, | RIYADH, SAUDI ARABIA – Mastercard announced the launch of world class technology infrastructure in Saudi Arabia that will enable the processing of ecommerce transactions locally, providing a seamless and secure payments experience for both Mastercard partners and consumers, […]
PwC Middle East and Liferay forge strategic collaboration to deliver full-spectrum digital services
to deliver robust digital experiences through an integrated DXP and strong digital strategies Dubai, UAE: 22 October 2024: Liferay, a leading provider of digital experience platform (DXP) solutions, has partnered with PwC Middle East, one of the world’s leading professional services firms, to enhance digital experiences for businesses across the region. This collaboration combines Liferay’s technology with […]
New FedEx Import Tool to Enhance Efficiency of Import Process for UAE Businesses
Dubai, UAE, October 21, 2024 — Federal Express Corporation (FedEx), the world’s largest express transportation company, has launched the FedEx Import Tool (FiT), a cutting-edge solution designed to address the increasing complexities and volumes of imports in the United Arab Emirates (UAE). This timely launch is noteworthy as the UAE experienced a 7 percent increase in […]
Nutanix Unveils New Office in Riyadh, Symbolizing Growth and Commitment to Saudi Arabia’s Digital Transformation
Riyadh, Saudi Arabia, 21st October, 2024 – Nutanix (NASDAQ:NTNX), a leader in hybrid multicloud computing, proudly announces the opening of its new, state-of-the-art office in Riyadh. Situated on the iconic King Fahd Road at Tuwaiq Gate, this expansion highlights Nutanix’s continued growth and unwavering commitment to Saudi Arabia’s dynamic digital transformation journey. “Our new office not only reflects […]
ACCIONA SECURES €300MIN SUSTAINABLE FINANCING FOR PROJECTS IN THE GULF COOPERATION COUNCIL AREA
ABU DHABI, OCTOBER 17, 2024. ACCIONA, a global leader in sustainable infrastructure and renewable energy, has secured new sustainable financing worth €300 million to fund key projects aimed at reducing carbon emissions and fostering sustainable growth in the Gulf Cooperation Council area (GCC). The sustainable financing is structured as a green loan with local impact, aligned […]
GCCIA to Host International Forum in Collaboration with EPRI, GO15, and Med-TSO to Drive the Energy Transition Towards Net Zero
Eastern Province, Saudi Arabia, 20 October 2024: Under the generous patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province of the Kingdom of Saudi Arabia, an international forum titled ‘Powering the Future Toward Net Zero’ will be organized by the GCC Interconnection Authority (GCCIA), in collaboration with EPRI, GO15, […]
GITEX GLOBAL concludes, reinforcing its status as the world’s largest and most dominant technology event
Dubai, UAE, 19 October 2024: GITEX GLOBAL 2024 concluded on Friday, underscoring AI’s pivotal role as a transformative tool that will continue to reshape industries and drive business and economic growth globally. For the final time this week, 6,500 exhibitors, 1,800 startups, and 1,200 investors, along with governments from more than 180 countries—marking the highest-ever international […]
STC Bank and Salla Announce Strategic Partnership to Enable Digital Payments for 80,000+ Online Merchants
Riyadh, Saudi Arabia; 17th October 2024: STC Bank, the first licensed digital bank in the Kingdom, has announced a new partnership with Salla, one of the leading e-commerce platforms in Saudi Arabia. This strategic partnership will enable it to be used as a payment method across more than 80,000 online stores powered by Salla, enhancing […]
Acronis Reports 68% Revenue Surge Amid Soaring Cyber Threats in the UAE
Dubai, United Arab Emirates, 17 October 2024: The cybersecurity landscape in the UAE is facing unprecedented challenges, with malware detections soaring by 65.3% and URL-based threats increasing by 36.9% in 2024, according to Acronis Threat Research Unit data. Despite a slight decrease in ransomware detections, the potential risks remain high, suggesting many organizations could still be vulnerable. […]