Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
OMNIYAT Launches The Alba at Monaco Yacht Club: A $1.9 Billion First Mixed-Use Development Managed by Dorchester Collection and designed by Zaha Hadid Architects
Dubai, United Arab Emirates, 30 September 2024 – OMNIYAT, Dubai’s leading visionary developer, officially announced the launch of its latest architectural masterpiece – The Alba – at the recent Monaco Yacht Show. The launch event on September 26th brought together a select group of VVIP customers and the media to celebrate this groundbreaking mixed-use destination on Dubai’s coastline. The project is […]
HSBC Saudi Arabia embarks on next phase of growth with office relocation
30 September 2024 – HSBC Saudi Arabia is preparing for its next phase of growth to support its clients with a new office in the heart of Riyadh’s King Abdullah Financial District (KAFD), amid the increasing investment and economic development in the Kingdom. The Kingdom’s leading international investment bank has signed a long-term lease agreement with […]
Mastercard and Amazon Payment Services to enable digital payment acceptance across Middle East and Africa
Dubai, United Arab Emirates; 30 September 2024: Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE. As part of the collaboration, the leading payment service provider (PSP) will adopt Mastercard Gateway – […]
Emirates NBD announces SAR 100 million ESG-linked working Capital facility with Chalhoub Group
Agreement was announced at special ceremony hosted by Emirates NBD at the bank’s Jeddah premises Jeddah, Saudi Arabia – 30 September 2024: Emirates NBD, the leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has announced a SAR 100 million ESG-linked working Capital facility with Chalhoub Group, the Middle East’s largest luxury goods […]
ADL’s Executive Leadership Workshop in Riyadh engages public- and private-sector leaders in discussions on the future of human capital in KSA, with findings published in an exclusive report
Riyadh, Saudi Arabia, September 30, 2024: Following the success of previous editions, Arthur D. Little has hosted its third Executive Leadership Workshop in the Saudi capital city, Riyadh. The invite-only event at the JW Marriott gathered more than 30 prominent leaders from business and government for candid discussions on human capital as Saudi Arabia strives to achieve […]
BRICS Urban Future Forum draws more than 13,000 attendees from over 30 countries around the globe
Dubai, United Arab Emirates, 25 September, 2024: Cloud City BRICS Urban Future Forum wrapped up in Moscow, where experts gathered on September 18 and 19 to discuss the future of sustainable development in megacities within the member countries. Also at the event, Moscow was honored with the World Innovation Award. Additionally, during the forum, several […]
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DCO Secretary-General commends Global Digital Compact at Summit of the Future
New York, United States, September 25, 2024: Deemah AlYahya, Secretary-General of the Digital Cooperation Organization (DCO), said that “the digital divide the world faces today is multifaceted, encompassing gaps in digital intelligence, computing capabilities, gender, and skills,” in a speech at the Summit of the Future held during UNGA79 in New York. In her speech, delivered […]
AUO Display Plus Acquires Avocor
The acquisition sets the stage for accelerated market strategies, global growth and enhanced product offerings. Hsinchu, Taiwan – September 25th, 2024 — AUO Display Plus (ADP), a subsidiary of AUO Corporation (AUO) and a global leader in industrial and commercial displays, is pleased to announce the acquisition of Avocor, a leading innovator in collaboration and communication solutions. This strategic acquisition is set to […]
Global Rail sets the stage for a transformative era in rail: key speakers, strategic themes, and industry support announced
Abu Dhabi, 24 September 2024: In what is set to be defining moment in the global transportation industry, Etihad Rail, in collaboration with UAE Ministry of Energy and Infrastructure and dmg events, will be hosting the inaugural Global Rail Transport Infrastructure Exhibition & Conference (Global Rail). Held under the patronage of His Highness Sheikh Mansour bin Zayed […]
PayerMax and Saudi Awwal Bank Forge Strategic Partnership to Support Digital Payments
Riyadh, Saudi Arabia, 25 September 2024: In a strategic move to enhance the digital payment ecosystem in Saudi Arabia, PayerMax, a leading global provider of payment solutions has announced a strategic partnership with Saudi Awwal Bank, a leading bank in the Kingdom of Saudi Arabia Kingdom. This partnership aims to redefine the digital payments landscape and […]
Emirates NBD and Landmark Retail sign first private sector ESG-linked working Capital facility agreement in Saudi
Emirates NBD, the leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has announced the signing of an ESG-linked working Capital facility with Landmark Retail: the leading value conglomerate in the retail sector in the Middle East. This marks the first time a private sector company has signed a bilateral sustainability-linked […]
Social Development Bank Launches Fifth Edition of “Souq Al Dar”
Riyadh – September 19, 2024 – The Social Development Bank (SDB) announces the launch of the fifth edition of the Souq Al Dar event, themed “Amariya Flourishes,” which will take place in the Amariya area from September 26 to 29. The event will feature the participation of more than 300 productive families from across the Kingdom, providing […]
Social Development Bank Wins Award for Best Financing Institution for Women Entrepreneurs in MENA at World SME Finance Forum 2024
Riyadh, September 19, 2024: The Social Development Bank (SDB) has been honored with the prestigious Platinum Award as the Best Financing Institution for Women Entrepreneurs in the Middle East and North Africa (MENA) region during the World SME Finance Forum 2024. The forum, held in São Paulo, Brazil, from September 16 to 18, ran alongside […]
tpay Unveils a Bold New Brand Identity, Leading the Future of Mobile Payments Across META
Dubai, Sept 18, 2024, tpay, the leading payment gateway across the Middle East, Turkey, and Africa (META), is thrilled to announce a significant rebranding initiative; a change that reflects the incredible growth we’ve experienced since our journey began in 2014. With a decade of experience and a presence in over 30 countries across three continents, tpay […]
Stagwell (STGW) Appoints Sunil John as Senior Advisor, MENA, to Spearhead Regional Growth
NEW YORK – September 18, 2024 – Stagwell (NASDAW: STGW), the challenger network built to transform marketing, has appointed Sunil John as Senior Advisor, Stagwell MENA. John will head Stagwell’s forthcoming MENA office, spearheading growth and enhancing collaboration among local agencies and partners. He will also develop new client solutions, utilizing his extensive regional network […]
RAC Partners with SAP to Upgrade KKIA Procurement Infrastructure
(From left): Nasser Al Shehri, Chief Shared Services Officer, Riyadh Airports Company, and Omar Bukhari, Head of Consumer Retail Services, SAP Saudi Arabia Riyadh, KSA – 18 September, 2024 – Riyadh Airports Company (RAC), which manages and operates Riyadh’s King Khalid International Airport (KKIA), has announced it will deploy intelligent purchasing management solutions from global technology company SAP to […]
Transforming Saudi Arabia’s Built Environment
MEPIC and BEDIC conferences in Jeddah offer a path to Smart, Sustainable, and Energy-Efficient Solutions Jeddah, Saudi Arabia: The MEPIC, MEP International Conference, and BEDIC, Building Envelope Design and Insulation Conference, started today showcasing the Kingdom’s commitment to sustainability, innovation, and modernization in its built sector. These pivotal events brought together leaders from government, industry, and academia to explore the latest advancements in construction, energy […]
NTT DATA Appoints Rami Beidas as Country General Manager for Saudi Arabia
Rami Beidas to drive NTT DATA’s growth and innovation in the Kingdom and enhance customer experience Riyadh, Saudi Arabia, September 17, 2024: NTT DATA, a global digital business and IT services leader, announced the appointment of Rami Beidas as Country General Manager for the Kingdom of Saudi Arabia. Rami’s appointment strengthens NTT DATA’s Middle East and Africa […]
Sceye Secures Funds in Series C Round Led by Mawarid Holding Company
Sceye Valued at $525 Million and Poised for 2025 Commercial Launch Paris, September 17, 2024 – At World Space Business Week (WSBW) today, Sceye, a leading U.S. aerospace company specializing in High-Altitude Platform Systems (HAPS), announced the successful closing of its Series C funding round. The round was led by Mawarid Holding Company (“Mawarid”), a prominent […]
PUMA partners with Payrails to transform MENA Online Payments and improve the shopping experience for customers worldwide
● PUMA to enhance their MENA market payment offering through the partnership and better serve existing markets by offering more payment options worldwide. ● Careem, Just Eat Takeaway, Vinted and InDrive are just some of the clients that Payrails already has successful collaborations with. ● Payrails allows enterprises to build, operate, and scale Payment Solutions with their advanced […]
Phil Malem appointed as CEO of +impact, as Serco launches unique international advisory business
Serco launched a new international advisory business, +impact, today. This business uniquely combines expert advice with proven delivery experience. With a commitment to only advise where Serco has operational expertise, +impact will provide practical, sustainable, and user-centric solutions designed to support customers from the initial phases of a project through implementation and operations. By combining hands-on knowledge […]
Yango Tech and Retail Leaders Al Sadhan and SPAR to Innovate Saudi Retail Landscape
Riyadh, Saudi Arabia – 16th September 2024 – Yango Tech, one of the leading providers of proprietary e-commerce technologies and part of the global tech company Yango Group, has forged a strategic partnership with Al Sadhan and SPAR at the GAIN (Global AI Now, Next, Never) Summit in Saudi Arabia. This collaboration marks a pivotal moment in advancing […]