Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Cartlow Partners with stc pay to Boost Circular Economy Aligning with KSA 2030 Sustainability Vision
Riyadh, Saudi Arabia; August 2022: Cartlow, the leading e-commerce and reverse logistics facilitator in the region, has partnered with stc pay — Saudi Arabia’s leading mobile wallet providing innovative solutions and advanced payments. Cartlow will empower the KSA consumers to eliminate e-waste by selling their devices on the platform while earning stc pay credit. This partnership […]
Geidea to Provide Smart Payment Solutions to Ival’s Distribution Fleet Across Saudi Arabia
Partnership will enable the acceptance of digital payments through Geidea’s leading digital solutions Go Air and Go Lite Riyadh, Saudi Arabia, 31 August 2022: Geidea, a leading Fintech company in Saudi Arabia, has partnered with Ival – a bottled drinking water produced in Saudi Arabia – to enable the acceptance of digital payments for their distribution […]
COP27 Presidency of Egypt Names Boston Consulting Group as Exclusive Consulting Partner
COP27 Will Focus on Strengthening Adaptation and Resilience, Limiting the Impacts of Climate Change, Facilitating a Just Transition, and Increasing Funding and Collaboration for Essential Climate Solutions BCG Will Bring Industry Insight and Analytical Capabilities to Support Egypt’s COP27 Presidency Riyadh, AUGUST 30, 2022—Boston Consulting Group (BCG), one of the world’s leading management consulting firms, […]
Tribal Credit witnesses increase in international business transfers in the MENA region
MENA region saw a 10% increase from the first quarter to the second half of 2022 Dubai/Cairo/Riyadh, August 30, 2022: According to internal data from Tribal, a company that provides comprehensive digital financial solutions, international transfers of companies in MENA for the payment of suppliers, purchase of equipment and raw materials, and corporate services increased 10% […]
Danube Launches Back to School Bonanza
Hundreds of valuable prizes to win including free coupons, gift vouchers and discounts Online and in-stores competition registration. Winners will be announced on social platforms Jeddah, Saudi Arabia; 28 August 2022 – Danube supermarket and hypermarket chain is launching a six week ‘Back to School’ festival bonanza across its 53 stores across Saudi Arabia and online. The ‘Back […]
- Ad
Alfanar consolidates its leading position in energy transition by developing a project for green hydrogen production
Cairo 25 August – In line with the Middle East Green Initiative launched by His Highness Crown Prince Mohammed Bin Salman. Alfanar’s mission to pioneer the energy transition industry, Alfanar has signed a memorandum of understanding (MoU) with the General Authority of the Suez Canal Economic Zone (SCZone), the Sovereign Fund of Egypt (TSFE), the Egyptian Electricity […]
RAZER GOLD MAKES MINORITY INVESTMENT IN MINTROUTE DMCC
Dubai, August 25, 2022 – Mintroute DMCC, the UAE-based e-vouchers, and Digital Cards aggregator, issuer, rewards, and incentives company, today announced a minority investment by Razer Gold. The investment will support Razer’s mission to expand the global footprint of its virtual credit services offerings for gamers. Mintroute will provide Razer Gold with greater access to its […]
Xebia and Global Technology Consultancy 47 Degrees Join Forces
The acquisition will strengthen Xebia’s foothold in the functional programming domain in the Middle East region Dubai, United Arab Emirates, 24 August 2022: Xebia, a leading global IT consultancy, and services company, has united with 47 Degrees, a US-based global technology consultancy focused on unlocking business growth by creating assured solutions for complex, mission-critical software. 47 Degrees […]
Saudia Dairy and Foodstuff Co. reports Significantly Improved Q1 Financial Results
24 August 2022, Jeddah, Saudi Arabia: Saudia Dairy and Food Stuff Company (SADAFCO), the leader in the UHT (long life) milk, ice cream and tomato paste in the Kingdom of Saudi Arabia reported positive financial results for the first quarter of the financial year 2022. In comparison to the same quarter last year the company’s total […]
SAS and SingleStore deliver next-generation data and analytics architecture
SAS Viya with SingleStore will simplify data access, improve productivity and expand analytical insights Dubai, UAE, 23 August 2022 – Analytics leader SAS has joined forces with SingleStore to help organizations remove barriers to data access, maximize performance and scalability, and uncover key data-driven insights. SAS® Viya® with SingleStore enables the use of SAS analytics and AI […]
Most read in Economy & Business
- Saudi Businesses Expand Investment in Agentic AI for Enterprise Operations
- Bupa Arabia Concludes Bupa Padel 2026 Tournament in Riyadh
- iSolution Earns Great Place to Work Certification in Saudi Arabia and UAE
- Fortinet and Aramco Sign Agreement to Expand Industrial Cybersecurity in Saudi Arabia
- ELSEWEDY ELECTRIC PSP and Sinohydro Sign $2.2B Rabigh 2 IPP Expansion Contract
Mastercard partners with Gamers8 to deliver Priceless experiences for the Kingdom’s esports community
Long-term three-year partnership with Saudi Esports Federation underlines Mastercard’s commitment to developing the Kingdom’s burgeoning gaming industry Series of on-ground events and activations set to create Priceless experiences, enriching the Kingdom’s cultural offering Riyadh, Saudi Arabia – 15 August, 2022: Mastercard has signed a three-year partnership agreement with the Saudi Esports Federation as an official sponsor of Gamers8, the […]
stc pay Launches “Scam the Scammer” Money Fraud Awareness Campaign
Riyadh, Saudi Arabia; August 15 2022. stc pay — Saudi Arabia’s leading mobile wallet — has launched a money fraud awareness campaign to safeguard people across the Kingdom and protect their finances. The campaign, entitled “Scam the Scammer” that shines a light on the all-important steps consumers can take to make their financial transactions as safe […]
UAE venture builder hatch & boost tackles regional food security with launch of first portfolio agriTech startup World of Farming (WoF)
World of Farming (WoF) aims to reduce soaring costs of livestock feed through its patent-pending circular farming proprietary technology that will enable local farmers to grow sustainable & fresh animal feed all year-round in the desert. WoF’s technology is set to cut greenhouse gas emissions from conventional animal feed production & transportation, which is the […]
Alaan launches UAE’s first business card with up to 2% cashback
Alaan has launched UAE’s first business cashback card. Business customers will be rewarded with up to 2% of their spending in cash back. Using Alaan, business owners can issue an unlimited number of cards to their employees. 15 August 2022, Dubai UAE: Alaan, a UAE-based corporate spend-management fintech, announced the launch of an industry-first business cashback […]
July 2022 Records Highest Real Estate Transactions in 12 years
July 2022 recorded 7,092 total sales transactions worth AED 21 billion. July 2022 recorded 42,698 rental leases: 56.04% were new leases, and 43.96% were renewals. Dubai, UAE, 11 August 2022: According to Property Finder, the MENA’s leading PropTech company, July 2022 recorded 7,092 total sales transactions volume worth AED 21 billion, which is considered the […]
IT Pro Day Award Submissions Open Now
Dubai, United Arab Emirates, August 10, 2022—Nominations for the IT Pro Day 2022 Awards are now open online at ITProDay.org. Created by SolarWinds (NYSE:SWI), a leading provider of simple, powerful, and secure IT management software, the annual IT Pro Day holiday honors and recognizes the critical but often unseen work IT pros do to keep our computer networks operating. Though […]
Fostering Advanced Digital Services:
“Tamam” Launches Murabaha FinancingTamam Financing Company, the first Saudi company issued a license for consumer micro-financing in the Kingdom by the Saudi Central Bank (SAMA), announced the launch of Murabaha financing. The Tamam platform will offer the digital installments service and enable customers to purchase products from e-commerce stores with instant access to financing and flexible repayment options […]
Bain & Company appoints Roberto Prioreschi to head Southern Europe, Eastern Europe and Middle East division as it expands regional presence with offices in 10 cities and 1,900 people
Roberto Prioreschi assumes role of SEMEA Managing Partner, with responsibility for the firm’s business in Italy, Spain, Portugal, Greece, Poland, Turkey, and the Middle East. Bain & Company announces the opening of two new offices in Lisbon, Portugal and Athens, Greece. With this further expansion, Prioreschi is at the helm of an area with offices […]
Finastra event highlights key considerations when launching a digital bank
Key takeaways include that people are as important as the technology, but without the right technology that can foster innovation and accelerate time to market, even a modern mindset can stumble Dubai, United Arab Emirates – August 10, 2022 – Finastra, in partnership with Connect Global Group, brought together senior stakeholders in financial services for a virtual event, […]
BinDawood Holding begins roll out of Danube Express stores at Jeddah and Makkah Haramain High Speed Railway Stations
The openings mark first Express Store format for Danube with two more to follow in 2022 Jeddah, Saudi Arabia; 10 August 2022 – BinDawood Holding Co. (Tadawul: 4161 and the “Company”), one of the leading grocery retail operators of hypermarkets and supermarkets in the Kingdom of Saudi Arabia (‘KSA’) today announced the official opening of two Express […]
Saudi EXIM Bank chooses to use SAS technology for Model Risk Management
Riyadh, KSA, 10 August 2022 – SAS, the leader in analytics, today announced that Saudi Export-Import Bank (Saudi EXIM Bank) chooses to use SAS technology to increase the governance and efficiency of their risk operations and reporting with model risk management solutions. The Saudi EXIM Bank was established in 2020 to promote the export of Saudi […]
Kyndryl Awarded Continuity and Resilience Provider of the Year in the Middle East
DUBAI, United Arab Emirates, 04 August 2022– Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, today announced that it won the 2022 BCI Middle East Continuity and Resilience Provider (Service/Product) Award. The award recognizes the contributions of Kyndryl’s Security and Resiliency practice in the region and its leadership in the business continuity, risk and resilience space. “We are honored to […]