German software giant SAP predicts new business in Middle East — and credits Saudi Arabia By: CNBC.com News April 16, 2018 at 02:45 AM EDT There is a big push toward cloud computing in Saudi Arabia, according to Luka Mucic, chief financial officer at SAP. Read More >> Related Stocks: Alphabet-A JPMorgan Chase & Co Raytheon Co SAP Ag ADR Snap Inc