SSICT News
CPX and SpendConsole Launch UAE e-Invoicing Platform Ahead of 2026 Mandate
CPX Holding and SpendConsole launched the UAE e-invoicing platform to help organizations meet the Ministry of Finance’s 2026 mandate. The solution combines AI-powered finance automation with enterprise-grade cybersecurity infrastructure.
Porsche Divests Bugatti Rimac Stake to BlueFive Capital-Led Consortium
Porsche sells Bugatti stake in Bugatti Rimac and Rimac Group to a consortium led by BlueFive Capital, focusing the German automaker on core operations while the luxury brand enters a new ownership era.
Alvarez & Marsal Releases Four-Step Roadmap for Industrial Localization Across GCC
Industrial localization GCC strategy requires a four-step model. A new Alvarez & Marsal whitepaper outlines how Gulf countries can compress traditional development cycles from decades to years through structured technology transfer and disciplined policy frameworks.
Chefs Carnival Club sponsorship of Effat University’s World Festival Supports Students
The Chefs Carnival Club served as an official sponsor of Effat University’s World Festival, hosting cooking demonstrations and food pavilions while supporting students with tuition assistance.
Nissan Unveils Two NEV SUV Concepts at Auto China 2026
Nissan presents two NEV SUV concepts at Auto China 2026, highlighting China’s central role in the company’s global electric vehicle strategy and innovation hub operations.
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McDonald’s Saudi Arabia Contributed SAR 3.6 Billion to GDP in One Year
Oxford Economics report reveals McDonald’s Saudi Arabia economic impact generated SAR 3.6 billion in GDP contributions and supported 22,500 jobs from April 2024 to March 2025, demonstrating significant economic multiplier effects across sectors.
HONOR Opens Largest Overseas Service Centre in Saudi Arabia
HONOR service centre Saudi Arabia opened its largest overseas facility in Riyadh, featuring an 180-square-meter facility designed for faster service turnaround. The opening includes promotional offers and marks a major expansion milestone in the Kingdom.
HUAWEI MatePad Mini Now Available for Pre-Order in Saudi Arabia
HUAWEI MatePad Mini arrives in Saudi Arabia with an 8.8-inch OLED display, lightweight design, and stylus support. Pre-orders start at 2199 SAR.
Saudi Arabia Presents AI Governance Model at UN Commission on Science and Technology
Saudi Arabia’s AI authority presented its governance model at a UN commission in Geneva, outlining the Kingdom’s approach to regulating artificial intelligence and building reliable systems.
Dalil and e7 Group Sign MoU for Strategic Investment in Idenex
Dalil Holding and e7 Group PJSC have signed an MoU to collaborate on Idenex identity management, aiming to create a UAE identity management champion with global reach.
Saudi Arabia to Host Fourth Global Forum on the Ethics of AI in September 2026
Saudi Arabia will host the fourth Global Forum on the Ethics of AI in Riyadh from September 14-17, 2026, co-hosted by SDAIA, UNESCO, and ICAIRE. The event reinforces the Kingdom’s leadership in responsible AI development.
Ninja Creami Scoop & Swirl Ice Cream Machine Launches in Saudi Arabia
SharkNinja launches the Ninja Creami Scoop Swirl ice cream machine in Saudi Arabia, featuring dual soft-serve and scoop capabilities with 13 one-touch programs.
Huawei Mate 80 Pro Launches in Saudi Arabia With Advanced Camera and Durability Features
Huawei Mate 80 Pro arrives in Saudi Arabia with advanced True-to-Color camera system, 5,750 mAh battery, and Kunlun Glass durability. Starting at 3,699 SAR.
Hyundai Motor Group Partners with Exploratorium to Build Science Museum in Seoul by 2032
Hyundai Motor Group and San Francisco’s Exploratorium announced a partnership to build an experiential science museum in Seoul opening in 2032, featuring hands-on learning experiences and serving as a regional hub for scientific education.
Klay Group Appoints Gaurav Gupta as Managing Director for Asia Operations
Klay Group appoints Gaurav Gupta as Managing Director for Asia, based in Singapore. The appointment reflects the firm’s expansion strategy amid growing demand for institutional-quality wealth management solutions.
BurjX Expands Stablecoin Infrastructure Across Multiple Blockchain Networks
BurjX stablecoin infrastructure expands across multiple blockchain networks under ADGM regulation, enabling multi-chain settlement with AED banking integration for institutional and retail clients.
LG Electronics Partners With Green Riyadh to Support Saudi Environmental Goals
LG Electronics partners with Green Riyadh on Earth Day 2026, supporting Saudi Vision 2030’s environmental goals through tree-planting initiatives and energy-efficient technology contributions.
ADCB Reports Record Q1 2026 Profit of AED 3.781 Billion, Up 30% Year-on-Year
ADCB Q1 2026 earnings achieved record profit before tax of AED 3.781 billion, up 30 percent year-on-year, marking 19 consecutive quarters of profit growth. The bank’s strong performance was driven by diversified revenue streams and operational efficiency gains.
Dell Technologies Releases PowerMaxOS 10.4 Storage Software Update
Dell Technologies released PowerMaxOS 10.4, delivering 25% faster read response times and enhanced security features for mission-critical storage systems. The update includes ransomware detection, container platform integration, and improved cost efficiency.
94% of Organizations Say Cybersecurity Awareness Training Reduces Cyberattacks
A Fortinet study of 500 EMEA organizations reveals that 94% believe cybersecurity awareness training directly reduces cyberattacks, with 65% reporting measurable incident reductions.
Tim Cook Steps Down as Apple CEO After 15 Years
Tim Cook Apple CEO ends his 15-year tenure on September 1, handing leadership to hardware engineering chief John Ternus. Under Cook’s leadership, Apple’s valuation grew from $350 billion to $4 trillion.
KFSH Chief Marketing Officer Named to Cannes Lions Health & Wellness Jury
King Faisal Specialist Hospital’s Chief Marketing Officer becomes the first hospital marketing representative invited to Cannes Lions jury, marking a milestone for Saudi healthcare on the global stage.