Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
GITEX leads global tech communities to Africa for historic launch in the world’s next biggest digital economy
GITEX AFRICA marks first international venture for world’s mega tech showcase, in partnership with Morocco’s Digital Development Agency New geographic launch spearheaded by KAOUN International, the overseas events organising company of Dubai World Trade Centre Organiser says the time is now for Africa and urges the global tech community to “Go There” Dubai, UAE, 11 […]
2nd Annual edition of Huawei Innovation Day discussed how collaboration can unleash innovation for a sustainable digital future in Middle East and Africa
Sustainable development, ICT talent cultivation and empowering women in technology was a key highlight of Huawei MEA Innovation Day 2022 Middle East – October 11th, 2022: Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, today held the second annual Huawei Innovation Day with customers, partners and technology experts from […]
Omar Al Olama: Expand North Star a strategic catalyst for the digital economy reflecting GITEX GLOBAL impact on the tech industry
Expand North Star hosted by Dubai Chamber of Digital Economy to launch in May 2023 Dubai, UAE, 11 October 2022: His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, and Chairman of Dubai Chamber of Digital Economy stated that the UAE and Dubai have long consolidated […]
UAE-focused Logitech survey reveals that without the right tools hybrid meetings create an uneven playing field for the workforce
Virtual participants in hybrid meetings reported feeling excluded, their input valued less, and having fewer opportunities to build rapport than if they joined in person. DUBAI, UNITED ARAB EMIRATES – 10 October 2022 – Logitech today released the results of its hybrid meeting survey, which revealed that hybrid meetings might be creating uneven playing fields for meeting participants. Polling […]
AMAZON LAUNCHES INTELLECTUAL PROPERTY ACCELERATOR IN SAUDI ARABIA TO HELP SMALL AND MEDIUM-SIZED BUSINESSES TRADEMARK AND PROTECT THEIR BRANDS
IP Accelerator connects small and medium-sized businesses with a network of Amazon-curated Intellectual Property (IP) law firms for trademark registration and tailored advisory services Saudi Arabia — October 10, 2022: Amazon has launched the Intellectual Property Accelerator (IP Accelerator) program in Saudi Arabia, making it easier and more cost effective for small and medium-sized businesses (SMBs) to […]
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SFD calls for greater global collaboration to tackle climate change at the 6thInternational Meeting on Triangular Co-operation
Lisbon: 8 October 2022 The Saudi Fund for Development (SFD) has underlined its commitment to international collaboration to effect positive change and safeguard the environment. Taking part in the 6th International Meeting on Triangular Co-operation, a delegation of SFD officials showcased the Fund’s ongoing sustainability initiatives and called on international organizations, communities, and the private sector […]
Investopia Partners Discuss Investment Opportunities in ME Region
Abu Dhabi, 06 October 2022 The partners of the global investment platform “Investopia” discussed investment opportunities and challenges in the Middle East region, and the role of Investopia to support investments in the new economy. The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development (ADDED) and […]
Geidea partners with National Finance Company to provide Saudi SMEs easy access to capital and loan financing
Riyadh, Saudi Arabia, 05 October 2022: Geidea, a leading Fintech company in Saudi Arabia, has partnered with Wataniya Finance Company, a renowned finance company in the Kingdom to simplify loan financing and repayments for businesses based in Saudi Arabia. Through this new partnership, merchants will be able to directly transact through Point-of-Sale (PoS) terminals by setting […]
Ajman Bank Signs Agreement with VaultsPay to Implement Innovative Payment Solutions
Ajman Bank, one of the leading Shariah compliant banks in the UAE, has signed a partnership agreement with VaultsPay, a UAE Fintech Company to build and implement a highly innovative payments value proposition for businesses and individuals in the UAE. This partnership will form the basis of growth in the digital financial solutions in the […]
Paymob Announces the Appointment of Senior Financial Services Executive to Lead its Global Strategy
Dubai, United Arab Emirates, 05 October 2022 – Paymob, the leading omnichannel payments gateway in the MENAP region, today announced that is has appointed Imane Adel as Executive Vice President of Strategy. Adel will guide Paymob’s vision and strategy as it continues to deliver forward-thinking, sustainable and inclusive financial technology solutions in the region. Adel brings a wealth […]
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Dubai Industrial City announces the official opening of the Al Damani Electric Vehicle Manufacturing Factory by M Glory
Temporary assembly line with a 10,000-car annual manufacturing capacity Dubai, UAE, 5 October 2022: M Glory Holding Group and Dubai Industrial City, a member of TECOM Group PJSC, announce the opening of Al Damani’s new 45,000-sqft factory, which represents a major milestone in the manufacturing of electric cars to meet a rising demand for green mobility […]
Ground-breaking SWIFT innovation paves way for global use of CBDCs and tokenised assets
Breakthrough solves the major challenges in digital ecosystem development Shows how digital currencies and assets could be used at scale across borders by leveraging existing financial infrastructure 14 central and commercial banks are already testing the new CBDC solution Brussels, 5 October 2022 – SWIFT has successfully shown that Central Bank Digital Currencies (CBDCs) and tokenized […]
New FedEx Research Shows E-commerce Opportunities Set to Grow for SMEs Under ‘New Normal’
The FedEx survey that focused on key markets across Asia showed similar trends to the MENA region 5, 2022 – The latest e-commerce trends from research commissioned by FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, in some of the most prominent markets in its Asia Pacific, Middle […]
The Workplace of The Future: A Clear Purpose, Opportunities for Career Growth and Strong Mental Health and Wellbeing Policies Rank Highly as Job Priorities for Young People in Saudi Arabia
More than half (58%) of young Saudis have considered taking a job in hospitality in the past 12 months Hotel Management, Event Management, and Marketing and Communications among most sought-after roles within the sector Two-thirds (66%) of Saudis believe the company they work for must have a clear purpose Over 50% of Saudi nationals consider […]
Launch of Center3 to enhance digital economy growth in KSA
A billion-dollar investment stc Group, the leading digital enabler, inaugurated one of its largest and significant projects, Center3 Company, the digital regional center for the Middle East and North Africa. The new company will be the owner of the digital infrastructure assets owned by stc Group, including data centers, submarine cables, international points of presence, […]
Middle East public cloud market to reach AED36 billion in value by 2027
Dubai, United Arab Emirates; 5 October 2022 – With IT spending for cloud computing increasing at an exponential rate in the Middle East, BitTitan sees greater growth prospects for its business across the region. Referencing a recent report study on the public cloud market in the Middle East which projects the sector to have a […]
amana announces connectivity to DFM, facilitating investors’ access to Dubai-listed securities
amana’s local and international retail investors to seamlessly trade on DFM and Nasdaq Dubai through its newly launched app The announcement reinforces amana’s position as a driving force for capital market inclusivity and fair access Dubai, 05 October 2022: amana, the pioneering regional Neobroker, today announced its connectivity with the Dubai Financial Market (DFM) and Nasdaq Dubai […]
What Are the Mobile Preferences of the Viewers in KSA During the FIFA World Cup 2022?
Saudi Arabia, 4th October 2022: There are only a few days left until the 2022 edition of the FIFA World Cup, which football fans around the world eagerly wait for and become the sole focus of every four years. For the tournament to be held in Qatar for the first time, not only football and sports fans […]
SolarWinds Launches New Global Transform Partner Program, Including Support for Managed Service Providers
Transform offers channel partners strong profit potential, significant growth opportunities, and industry-leading tools and resources Dubai, United Arab Emirates —October 4, 2022—SolarWinds (NYSE:SWI), a leading provider of simple, powerful, and secure IT management software, today announces the launch of the SolarWinds Transform Partner Program to support and drive growth for the company’s valued global channel partners. The […]
Finastra research points to open finance progress
85% of professionals at financial institutions agree: open finance is already making the financial services industry more collaborative and is having a positive impact Dubai, UAE – October 4, 2022 – Finastra today revealed a sneak peek at its annual State of the Nation Financial Services research. Results point to the significant progress the industry has made around […]
THREE EASY STEPS TO GROW YOUR BUSINESS WITH AMAZON.SA
Here is some of the best advice you will get when it comes to the ‘how and why’ to connect with online shoppers – straight from Amazon.sa Saudi Arabia —October 4, 2022: When it comes to setting up your online business, the process can seem confusing and even a little daunting – but there’s no need […]
ACCIONA OPTS FOR THE USE OF ELECTRICAL CONSTRUCTION MACHINERY IN ITS PROJECTS
ACCIONA becomes the first Spanish construction company to acquire this kind of sustainable machinery. The initiative is part of the company’s decarbonization plan. DUBAI, OCTOBER 03, 2022. As part of its commitment to mitigating climate change, ACCIONA has recently acquired electrical machinery through its Asset Management Department for use in the construction projects that the company […]