Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
stc group discusses prospects of the digital revolution and cloud innovation at the Gartner Global Conference Conclusion
The conference presented various dialogue sessions on protecting digital assets and IT security Barcelona, 14 November: stc group, an engine of digital transformation, concluded its participation in the Gartner IT Symposium/XPO™ 2023, the world’s most important gathering for CIOs and IT executives, held in Barcelona. The conference witnessed a prominent presence of the group across three […]
“Bidaya Finance” signs a cooperation agreement with “Emkan Alarabiya”
Riyadh, Saudi Arabia] – November 14, 2023Bidaya Finance Company, the first digital platform in the field of financing individuals and companies, announced the signing of a memorandum of cooperation with “Emkan Alarabiya”, the leading company in the field of crowdfunding through a financial technology platform licensed by the Capital Market Authority. The memorandum aims to […]
Saudi Arabia’s Payments Revenue Pool Projected to hit $21.7 Billion by 2027, Despite Global Growth Rates Slowing Compared to Previous Years
• Global payment revenues are anticipated to grow by $2.2 Trillion by 2027 at a CAGR of 6.2%.• The total payments revenue for the KSA payments industry increased at an annual rate of 7.7%, reaching $12.8 Billion by the end of 2022 compared to 2017. Riyadh, November 13, 2023— The Kingdom of Saudi Arabia’s (KSA) […]
Saudi Awwal Bank partners with Mastercard to offer greater access to secure digital transactions
Riyadh, 13 November 2023 – Saudi Awwal Bank (SAB) has partnered with Mastercard to offer consumers across the country greater access to secure digital transactions. Through this partnership, SAB will leverage Mastercard Gateway’s advanced Transaction Risk Management technology (TRM) to deliver safe and seamless digital transactions, customer protection from cyber-crime and payment fraud prevention. Driven by cutting-edge data science, the […]
Saudi Fund for Development Provides Over $580 Million in Development Loans to African Countries for Key Vital Projects
Riyadh, 09 November 2023 The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed today, 14 new development loan agreements with 12 African ministers, worth over USD $580 million to fund projects in healthcare, water, education, and transportation sectors in Angola, Burkina Faso, Benin, Burundi, Cabo Verde, Guinea, Malawi, Mozambique, Niger, Rwanda, […]
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Kyndryl Unveils Banking and Financial Industry Services for Google Cloud Customers
NEW YORK, November 13, 2023 – Kyndryl (NYSE: KD), the world’s largest technology infrastructure services provider, today announced the availability of new services for financial services organizations seeking to use Google Cloud to safely store and protect their confidential and sensitive data. Kyndryl’s new services are designed to enable a unified, scalable and security-rich data platform to support customers’ […]
Forbes Middle East to Host its Second Under 30 Summit in El Gouna in January, Chaired by Anas Bukhash
El Gouna, Egypt, November 7, 2023: Plans are underway for Forbes Middle East’s second Under 30 Summit in El Gouna. The summit is set to take place from January 11-14, 2024, at the El Gouna Conference and Culture Center, with the fully integrated sustainable town by Orascom Development by the Red Sea in Egypt once again […]
Kyndryl and Dynatrace Announce Global Alliance to Enhance Customers’ Insights
Combining Kyndryl’s end-to-end services with the Dynatrace observability platform to provide business value WALTHAM, Mass., November 7, 2023 – Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, and Dynatrace (NYSE: DT), the leader in unified observability and security, today announced a global alliance to provide customers with joint offerings to enhance insights and inform business decisions. Kyndryl […]
Riyadh Air and IBM sign collaboration agreement to establish technology foundation of the digitally led airline
The digitally native airline partners with IBM Consulting to create and build mission-critical technology and business capabilities to support the path to their first flight Riyadh, Saudi Arabia and Armonk, NY, November 7, 2023 – Today, Riyadh Air and IBM (NYSE: IBM) announced the signing of a strategic agreement in which IBM Consulting will be the lead […]
CQUR Bank selects Finastra to enhance its digital transaction banking offering for international corporate clients
With Finastra’s Trade Innovation and Corporate Channels solutions, CQUR Bank will streamline trade finance services and offer enhanced digital banking to strengthen customer relationships Dubai, UAE – November 2, 2023 – Finastra, a global provider of financial software applications and marketplaces, announces that CQUR Bank, an international corporate bank, has partnered with Finastra to deliver on its technology […]
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Abu Dhabi Chamber announced as Supporting Partner to Aurora50 Inclusion Summit 2023
7 November 2023 – Abu Dhabi, UAE: The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has announced its participation in the Aurora50 Inclusion Summit 2023, the region’s largest and most influential event on diversity, equity, and inclusion (DEI). The Chamber is participating as a Supporting Partner of the Summit to further emphasize the vital role women […]
AIQ and AVEVA announce strategic collaboration to pioneer industrial automation and operational efficiency
Technology leaders AIQ and AVEVA collaborating to develop autonomous industrial systems as part of an MOU that will drive sustainability and efficiency Abu Dhabi, UAE, November 7, 2023 – AIQ, a technology pioneer focused on driving artificial intelligence (AI)-powered transformation across industries, and AVEVA, a global leader in industrial software, have announced a strategic agreement to develop the […]
Leejam Sports holds “Leejam Day Conference” with the Ministry of Investment as part of Invest Saudi
Riyadh, Saudi Arabia, 6 November 2023 — In collaboration with the Ministry of Investment and the presence of the Ministry of Sports, Leejam Sports Company, the only publicly traded fitness company in the Middle East and North Africa region and the proud owner of the “Fitness Time” brand, hosted the Leejam Day conference under the topic […]
Samsung and etisalat by e& partner with Emirates Nature-WWF to drive sustainable change in the UAE
In its latest sustainability campaign, Samsung and etisalat by e& will contribute part of proceeds from Galaxy device sales on Samsung.com and etisalat by e& channels to Emirates Nature-WWF Dubai, UAE, November 06, 2023: Samsung Gulf Electronics has joined hands with Emirates Nature-WWF in the UAE to enhance and restore natural ecosystems. In collaboration with etisalat […]
Simaat Platform Announces Participation in Saudi Proptech Summit 2023
Riyadh, Saudi Arabia – November 4, 2023: Simaat platform, the largest real estate platform for property management solutions in the Middle East, announced its participation in the first edition of the Saudi “Proptech Summit 2023”, to be held at the Kingdom Ballroom of the Four Seasons Hotel in Riyadh on November 6, 2023. Under the […]
CQUR Bank selects Finastra to enhance its digital transaction banking offering for international corporate clients
With Finastra’s Trade Innovation and Corporate Channels solutions, CQUR Bank will streamline trade finance services and offer enhanced digital banking to strengthen customer relationships Dubai, UAE – November 02, 2023 – Finastra, a global provider of financial software applications and marketplaces, announces that CQUR Bank, an international corporate bank, has partnered with Finastra to deliver on its technology […]
stc group collaborates with Microsoft to unlock the potential of innovation in corporate digital transformation
During Microsoft CEO & Chairman Satya Nadella’s visit to stc group 02 November 2023; Riyadh, Saudi Arabia – stc group, an engine of digital transformation, today announced the expansion of its strategic partnership with Microsoft to further advance its digitalization and drive innovation across Saudi Arabia. As part of the partnership, the organizations will jointly develop and deploy cutting-edge solutions that will […]
ZAJEL Signs Agreement with DPWorld for Integrated ERP Solutions & Cargoes Flow to Enhance Internal Technological Processes
(Dubai, 30 October) ZAJEL courier services, a leading courier and logistics service provider, has achieved yet another significant milestone with DPWorld. This agreement aims to enhance the efficiency and streamline the movement of shipments through the integration of advanced digital solutions. Under the DF Alliance (DFA), ZAJEL signs an agreement with DP World for cutting-edge […]
FedExWins ‘Logistics Provider of the Year’ at the Landmarks in Logistics Awards 2023
DUBAI, U.A.E., October 31, 2023 – FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, has been awarded ‘Logistics Provider of the Year’ at the Landmarks in Logistics Awards 2023. The Landmarks in Logistics Awards 2023 celebrate outstanding performers and achievers in the logistics and transportation industry in […]
NEOM and BlueNalu Forge Strategic Partnership to Revolutionize Sustainable and Secure Food Ecosystem
NEOM, Kingdom of Saudi Arabia, 31 October 2023: NEOM, the sustainable regional development taking shape in northwest Saudi Arabia, has signed a Memorandum of Understanding (MoU) with BlueNalu, the global leader in the development of cell-cultured seafood. The partnership aims to progress the commercialization, marketing, and distribution of BlueNalu’s cell-cultured seafood products, and reflects the mutual interests of […]
SADAFCO PARTNERS WITH KASIH FOOD TO EXPAND ITS PRESENCE IN AMBIENT MIDDLE EASTERN FOOD FOR ELEVATING THE HOME-MADE COOKING EXPERIENCE
Jeddah, Saudi Arabia, October 31 – SADAFCO (Saudi Dairy and Foodstuff Company), the leading food manufacturer, distributor and seller in Saudi Arabia, has partnered with Al Kasih Food Production Company of Jordan, a market leader in Middle Eastern food, to become a culinary powerhouse beyond tomato paste by extending its range into exciting new local […]
GoDaddy reveals five questions small business owners need to ask before the White Friday sales
Jeddah – The countdown to the shopping event of the year is on with the White Friday frenzy fast approaching. Amid the cost-of-living crunch, it’s likely the sales will become even more important for many consumers keen to secure a bargain in the lead up to the holidays. Fascinating insights were revealed in GoDaddy’s – MENA […]