Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Applied AI and Cutting-edge Technology Start-ups Dominate this Year’s 100 New Members of the World Economic Forum’s Technology Pioneers Community
Geneva, Switzerland, 6 June 2024 – The World Economic Forum announces today the 2024 cohort of Technology Pioneers. The select group of 100 leading tech start-ups are focused on applying new breakthroughs in AI to develop clean energy solutions, healthcare innovation and progress in biotech, space and neurotechnology. These companies will contribute cutting-edge insights and expertise […]
Informatica Summit in Saudi Arabia to Accelerate Path to Cloud-Powered Digital Transformation
· Informatica plans office opening in Saudi to solidify AI-powered presence in the region · News follows Informatica’s announcement of the first-ever Intelligent Data Management Cloud™ (IDMC) platform in the Kingdom Riyadh, Saudi Arabia June 04, 2024 – Informatica (NYSE: INFA), an enterprise cloud data management leader, has opened its doors to the first significant data […]
Kyndryl’s Security and Resiliency Services Support Alinma Bank’s Rapid Growth
Riyadh, June 4, 2024 — Kyndryl, the world’s largest IT infrastructure services provider announced today that Alinma Bank (TASI: 1150), a leader in banking speed, convenience, and digitalization of customer experience in Saudi Arabia, has successfully completed the orchestration and automation of its IT disaster recovery capabilities using Kyndryl’s Resiliency Orchestration services. The collaboration aims to support […]
LENOVO COLLABORATES WITH KAFALAH PROGRAM TO ACCELERATE DIGITAL TRANSFORMATION IN THE KINGDOMS FINANCIAL SECTOR
Riyadh, Kingdom of Saudi Arabia, June 4 – Global technology solutions provider Lenovo recently penned a Memorandum of Understanding agreement with the KAFALAH Small & Medium Enterprises Loan Guarantee Program, to help achieve their digitalization goals through tackling business challenges with smart infrastructure and technical engineering solutions. This strategic partnership brings together the technological expertise of […]
Huawei Cloud launches GaussDB in Saudi Arabia, ushering database management into the intelligent era
Riyadh, Saudi Arabia, June 4, 2024: Huawei Cloud, the cloud computing arm of leading global ICT leader Huawei, recently announced the launch of its powerful GaussDB database solution in Saudi Arabia. GaussDB provides advanced features and high performance to help organizations fully embrace digital transformation and business optimization in today’s intelligent, AI-driven era. As we enter […]
Dynatrace Expands Partnership with Google Cloud, Showcases Solutions at Google Cloud Doha Summit
The AI-powered Dynatrace platform available on Google Cloud Marketplace will offer Qatari enterprises new experiences and accelerate digital transformation initiatives. Doha, Qatar, June 3, 2024 – Dynatrace (NYSE: DT), the leader in unified observability and security, participated in Google Cloud Doha Summit on May 28, 2024. The exclusive in-person event, under the patronage of His Excellency, Mr. Mohammed […]
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Riyadh Hosts InnoXera, the Middle East’s Largest EdTech Summit in Collaboration with Global Leader Classera
In a grand confluence of minds and technology, Riyadh has become the epicenter of educational innovation, hosting the Middle East’s preeminent EdTech Summit. The sixth iteration of the InnoXera Global Summit, under the patronage of the Saudi Ministries of Education and Communications and Information Technology, unfolded in partnership with Classera, the vanguard of intelligent learning […]
Remat Al-Riyadh Secures Outdoor Advertising Deals with Revenues Surpassing 500 Million Saudi Riyals
Riyadh, 30-05- 2024 Remat Al-Riyadh Development Company, the development arm of the Riyadh Region Municipality and a strategic enabler for private sector involvement in municipal development, has signed the second batch of outdoor advertisement investment contracts, unlocking a total revenue of more than SAR 500 million. Signed under the auspices of HH Prince Dr. Faisal […]
New Murabba Partnership Forum Sets Stage for Transformative Collaboration
Riyadh, Saudi Arabia – 1 June, 2024 – New Murabba Development Company, owned by the Public Investment Fund, recently hosted the anticipated New Murabba Partnership forum at the Intercontinental Durrat Al Riyadh on May 28-29. This landmark event convened a diverse group of vendors and partners to explore the vast opportunities within this groundbreaking destination, set […]
Strategies and challenges for accelerating DX and realizing “Vision 2030”
Murata Digital Transformation (MDX) was launched with the goal of driving both business and IT, in order to realize Murata’s long-term concept, “Vision 2030.” In this article, executive officer Fumiyuki Suchi (Corporate Unit, Business Engineering & Information System Group) explains the company’s strategy for engaging with DX and transforming a wide range of fields including […]
Evolving Consumer Expectations Present Transformation Opportunities for Kingdom of Saudi Arabia’s Banks and Fintechs – New Capco Survey
Seven in ten respondents are comfortable having AI guide day-to-day financial decisions 86% would be attracted by an app providing a view of all their financial products in one place RIYADH, Saudi Arabia & LONDON–(BUSINESS WIRE/AETOSWire)– Positive attitudes towards personalization, the sharing of additional personal data, the use of banking apps, and incorporating artificial intelligence […]
Mastercard and HSBC Middle East accelerate travel payment innovation through bank’s first wholesale travel program
Riyadh, KSA; 29 May 2024: Mastercard has joined forces with HSBC Middle East to launch Mastercard Wholesale Program in the region. The move marks the continuation of a long-standing strategic partnership between the two companies and aims to advance automation of buyer and supplier payments for HSBC’s travel merchant customers. By leveraging virtual cards to digitize […]
DXC Technology Opens New Office in Riyadh
Purpose-built space reflects DXC’s commitment to Saudi Vision 2030 and will help organizations across the Kingdom set a blueprint for creating modern hybrid workplaces RIYADH, Saudi Arabia, 29 May 2024 – DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has announced the launch of a new office space in Riyadh, Saudi Arabia. The purpose-designed […]
LuLu Group Partners with AWS to Accelerate its Digital Transformation
Partnership set to enhance LuLu’s global operations and support ambitious expansion plans with cutting-edge AWS technologies Dubai, May 29, 2024 — LuLu Group International, one of the top retail conglomerates in the GCC is partnering with Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), to host its business applications critical for day-to-day operations […]
GoDaddy shares tips for small businesses owners to grow during Eid Al Adha
JEDDAH – 29 May, 2024: As Eid Al Adha approaches, GoDaddy shares some marketing tips tailored specifically for small business owners and entrepreneurs. According to GoDaddy’s 2024 Global Entrepreneurship Survey, there is a high level of confidence among entrepreneurs in the region using technology for business growth. Specifically, 55% of entrepreneurs expressed a desire to leverage […]
“SADAFCO” Announces Signing a Long-term Lease with Saudi Authority for Industrial Cities and Technology Zones (Modon) in Jazan
Riyadh, Kingdom of Saudi Arabia, 28 May 2024: Saudia Dairy and Food Stuff Company (SADAFCO), a manufacturer, seller, and distributor in the food sector in the Kingdom of Saudi Arabia, announced that it has signed a long-term lease contract with the Saudi Authority for Industrial Cities and Technology Zones (Modon) in the city of Jazan for […]
Partnership Agreement Signed between Kanoo Machinery UAE & KSA and Combilift to Revolutionize Material Handling in Saudi Arabia
28th May 2024, Riyadh, Kingdom of Saudi Arabia: In a strategic development, Kanoo Machinery UAE and KSA, a member of Yusuf Bin Ahmed Kanoo Group (YBA Kanoo), one of the largest independent family-owned multinationals in Saudi Arabia and the Middle East, announced the signing of a partnership agreement with Combilift, the largest global manufacturer of multidirectional, sideloading, and articulated forklifts, to provide sustainable […]
Mastercard and Payment24 collaborate to boost EMV adoption in EEMEA’s fleet sector
26 May 2024, Riyadh, Saudi Arabia: Mastercard and Payment24 are extending their engagement across Eastern Europe, Middle East and Africa (EEMEA) to help bolster security and drive innovation within the fleet and fuel payment industry across the region. The EMV standard, now being implemented in over 80 markets, has dramatically reduced the incidence of counterfeit card […]
NEW MURABBA’S MUKAAB SIGNS LANDMARK PILING CONTRACT WITH HSSG FOUNDATION CONTRACTING LLC
Riyadh, Saudi Arabia – 23 May 2024 – In a significant milestone that propels the ambitious Mukaab forward, the New Murabba Development Company – A PIF Company – is pleased to announce the signing of the Mukaab Piling Works Contract with HSSG Foundation Contracting LLC, known for providing technically advanced foundation solutions. This marks a pivotal step […]
Taiba Investments and Sitecore Strike Strategic Alliance to Elevate Digital Experiences
Taiba Investments, a leading hospitality and real estate company with a track record in managing, developing, and operating hotels, residential compounds, and commercial centers across the Kingdom, has signed a new agreement with Sitecore, a leading digital experience management (DXM) solutions. The deal, announced during the Arabian Travel Market held in Dubai from May 6-9, […]
stc Group announces the launch of the eleventh batch to support digital innovation through inspireU
Riyadh, 22 May 2024 –stc Group, the engine of digital transformation, is thrilled to announce the launch the 11th intake of the “inspireU: General Program” a program designed to propel early stage startups forward. With a focus on strategic domains by having a specialized tracks on gaming with stc play, cybersecurity with sirar by stc, […]
PayerMax Showcases Services Beyond Payments Enabling Merchants to Boost Global Business at Seamless ME 2024*
PayerMax, a global-payment solution provider, has taken the center stage as the Gold Sponsor at Seamless Middle East 2024 and showcased ways to seamlessly integrate financial services at the event. The event, renowned as the largest gathering in the digital commerce landscape, lately. PayerMax’s participation in the exhibition confirms its commitment to supporting companies by […]