Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Supply Chain in the Middle East Demands a Different Approach
By Joe Terino, Global Head of Bain & Company’s Supply Chain Practice and Karim Shariff, Partner, Bain & Company Middle East For decades, companies in the Middle East have embraced globalization and lean supply chain operations to meet more demanding customer expectations while bringing down costs and reducing inventory. But the inherent weakness and vulnerability […]
Backbase and SITECH sign a strategic partnership to lead the wave of engagement banking in the Kingdom
Riyadh, Saudi Arabia – 26 July, 2022 – Backbase, the leading global engagement banking platform provider, announced its partnership with fintech and banking digital transformation solutions provider, Sitech. The partnership will allow banks and financial service providers in the Saudi financial market to leverage the combined benefits of Backbase’s award-winning engagement banking platform and Sitech’s innovative […]
Digital Turbine Unveils a Unified Brand Identity and Strategy
The Unified Identity Simplifies Offering and Boosts Cross-Channel Approach Saudi Arabia, 26th July 2022: Digital Turbine (NASDAQ: APPS), today unveiled a bold and unified corporate brand and a single strategic purpose for its clients and partners —to power more connections, with more consumers, in more ways, across more devices. The new brand identity reflects an important […]
Citi and Etihad sign on First Sustainable Deposit Solution
Citi launches two new sustainable deposit solutions at Abu Dhabi Global Market (ADGM). Etihad Airways, the national airline of the United Arab Emirates, becomes the first client to deposit funds in Citi ADGM’s Sustainable Deposit. Abu Dhabi: Etihad Airways has become the first client to sign on to Citi ADGM’s Sustainable Deposit Solution. Citi’s newly launched […]
National Bank of Bahrain signs an extended partnership with Mastercard to enhance portfolio through new premium offerings
Seven-year partnership will see NBB issue a range of debit, credit, prepaid cards and unique loyalty solutions to complement existing comprehensive offerings with Mastercard. Collaboration includes launch of highest tier cards targeted at UHNWI offering Priceless experiences. Saudi Arabia – 24 July, 2022: The National Bank of Bahrain (NBB), and global technology company Mastercard have announced […]
- Ad
Axiory Intelligence expands its offerings portfolio with Signals, 1-on-1 Training and more on their newly launched website
Trade ideas, market alerts, unlimited access to market news and analysis, educational content, videos, webinars and 1-on-1 training for users to make smarter trade decisions Variety of valuable forward-thinking analysis and investment tools added on its brand-new website to educate the users Dubai, United Arab Emirates, 21th July 2022: Industry-leading market and news portal, Axiory Intelligence, has […]
READY, SET, SHOP: AMAZON.SA REVEALS PRIME DAY DEALS FOR SAUDI STARTING JULY 23
Prime Day kicks off on July 23 at midnight, 00:01 KSA time, and runs until July 24, offering epic deals exclusively for Prime members across electronics, home, kitchen, beauty, and more, from top brands including Samsung, Bose, Pampers, DeLonghi, LEGO, Bosch, as well as deals on Amazon devices such as Echo, Ring, and Kindle Prime […]
stc pay Launches Double Cashback Summer Campaign
Riyadh, Saudi Arabia; July 20, 2022. As part of its ongoing commitment to curating rewarding digital experiences that offer consumers added ease, comfort, and peace of mind, stc pay — Saudi Arabia’s leading mobile wallet — has launched a unique double cashback summer campaign. Until the 15th of August 2022, stc pay customers will be given the […]
LG RELEASES PRELIMINARY EARNINGS FOR SECOND-QUARTER 2022
Jeddah, July 20, 2022 — LG Electronics Inc. (LG) announced its preliminary earnings results for the second quarter of 2022. LG reported revenues of KRW 19.5 trillion in the second quarter of 2022, 15 percent higher than the same quarter the previous year. Operating profit for the second quarter was KRW 791.7 billion, expected to be 12 […]
Digital Turbine Unveils a Unified Brand Identity and Strategy
The Unified Identity Simplifies Offering and Boosts Cross-Channel Approach Saudi Arabia, 19th July 2022: Digital Turbine (NASDAQ: APPS), today unveiled a bold and unified corporate brand and a single strategic purpose for its clients and partners —to power more connections, with more consumers, in more ways, across more devices. The new brand identity reflects an important milestone […]
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
SAUDI INSIGHT: Oil Boom to Bring Double-Digit Growth Surge
By Ziad Daoud (Economist) High oil prices will lift Saudi Arabia’s growth into double-digits this year, the fastest pace since 2003. The Kingdom will pump crude at near-capacity to meet rising global demand. Higher prices are also filling the government’s coffers, providing room to increase spending on activities such as construction and services. Oil output […]
Citi UAE Introduces Recycled Plastic for Corporate Cards
Dubai, UAE: Citi has announced that it has introduced Recycled PVC (rPVC) for its corporate cards. In Q2/2022, the rPVC rollout commenced in the Europe, Middle East, and Africa (EMEA) region. The United Arab Emirates (UAE) was one of the first EMEA markets to launch and issue rPVC corporate cards for its corporate clients. Citi UAE has […]
THE PATH TO A ZERO-EMISSION AUTOMOTIVE INDUSTRY IN AFRICA AND THE MIDDLE EAST
Oxford Business Group and General Motors team up for latest ESG Intelligence report GCC/Africa, July 2022: The first of a two-part Environmental, Social and Governance (ESG) Intelligence report, produced by Oxford Business Group (OBG) in partnership with General Motors (GM), explores the key role that electric vehicle (EV) production could play in cutting carbon emissions and creating viable sustainable mobility […]
Alinma Bank and FOODICS Sign Strategic FinTech Partnership to Empower SMBs and Micro-Businesses in the Kingdom
Alinma Bank has one of the most advanced banking infrastructures in Saudi Arabia Partnership to benefit SMBs and Micro-Businesses in the Kingdom with twice daily settlements. 18 July 2022, Riyadh, Saudi Arabia., Alinma Bank, one of Saudi Arabia’s largest financial institutions – one of leaders in digital payments, has announced today that it has signed a […]
Roland Berger opens new offices at KAFD, cementing its presence in KSA and placing the firm at the new epicenter of business in the Kingdom
18 July 2022 – Riyadh, Saudi Arabia: Having achieved stellar growth during the past years in its Middle East operations, Roland Berger, a leading European strategy consultancy firm, has opened new offices at King Abdullah Financial District (KAFD) in Riyadh, thereby affirming its presence and commitment to this growing and important market. “As KSA is one […]
TRIBAL CREDIT OFFERS DIGITAL EXPENSE MANAGEMENT TOOL FOR SMMES TO ADDRESS ECONOMIC CHALLENGES
More businesses across the region are adopting digital tools to control expenses According to fintech Tribal, organizations using its digital platform prepared more internal and real-time financial reports in May 2022. Dubai, 18 July 2022: Tribal Credit, a global fintech company, introduced its expense management platform giving its clients in the MENA region greater control […]
Zain KSA sees 219% rise in quarterly net profit SAR 134 million net profit in Q2 2022 
Zain KSA has achieved SAR 134 million in net profit during the second quarter of 2022, a 219% growth compared to the same period of 2021 and a 65% increase compared to the first quarter of 2022. These results reflect positive operational and financial performance marked by a 16% year-over-year revenue growth during the second […]
Introducing Keyper: A Homegrown UAE Startup Committed To Digitizing Real Estate Investment Management
Keyper, a digital platform set to redefine how investors and property owners manage their real estate portfolio in Dubai, has officially been launched. Using technology and experience, the startup brings the real estate market into the future, tackling common pain points that have, thus far, been ignored. Keyper streamlines the property management process while gaining […]
SAS acquires Kamakura to propel risk technology innovation as financial sector braces for volatility
Underscoring SAS’ growth in the domain-specific solutions space, the acquisition will enable SAS to greatly enhance the breadth of its risk solutions portfolio Dubai, UAE, 14 July 2022 Global AI and analytics leader SAS has acquired Honolulu-based Kamakura Corporation. Privately held Kamakura provides specialized software, data and consulting that helps financial organizations across the spectrum – […]
Emiratis Launch Shopping App to Support Home Businesses
DUBAI, July 13, 2022 — As the COVID pandemic in 2020 forced lockdowns, work from home mandates were introduced, and social distancing measures came into play, people found themselves with more leisure time than usual. With extra free time at their disposal, many decided to nurture the hobbies and passions they had and, in turn, […]
Immerse Yourself in Design at Herman Miller’s Redesigned Showroom in Dubai’s Marina Plaza
UAE, 12th July 2022: Herman Miller announced the re-opening of its showroom in Dubai’s prestigious Marina Plaza. Redesigned from top to bottom, it showcases the company’s iconic and innovative design solutions for both commercial, healthcare and hospitality spaces in a real-life workplace. The 750-square-metre space will be a living, breathing example of a workspace in motion. […]
AMAZON’S ANNUAL PRIME DAY SAVINGS EVENT RETURNS JULY 23 & 24 – WHERE PRIME MEMBERS CAN SHOP AND SAVE BIG ON AMAZON.SA
Prime Day offers 48-hours of epic deals exclusively for Prime members on Amazon.sa with incredible savings across top brands including Samsung, Bose, DeLonghi, in categories including electronics, fashion, beauty, kitchen, home, and Amazon Devices, and more Anyone can join Prime or start a 30-day free trial at www.amazon.sa/prime to access Prime Day and enjoy a range […]