Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Ten Specialized Academies Present Tech Programs at LEAP26
Ten specialized academies participate in LEAP26 under the Future Skills pavilion to showcase training programs in artificial intelligence and technology.
OpenAI Reduces GPT-5.6 Sol API Pricing for Developers and Enterprises
OpenAI has reduced input and output token pricing for the GPT-5.6 Sol API, lowering operational costs for developers and enterprise software applications.
Anthropic Fable Demand Outpaces Compute Forecasts Prompting Infrastructure Expansion
Surging user adoption for Anthropic’s Fable outpaced computational capacity forecasts, requiring a staged release and major investments in server hardware.
NVIDIA Identifies Power Grid Capacity as Main Bottleneck for AI Infrastructure
NVIDIA reports that power constraints have replaced chip shortages as the main obstacle limiting the expansion of AI data center facilities worldwide.
Absher Platform Processes Over 50 Million Transactions in July
Saudi Arabia’s Absher platform processed over 50.8 million electronic transactions in July 2026, including 47.8 million for individuals and 2.9 million for businesses.
Takamul Holding Signs Agreement with Kuwait to Develop Digital Labor Market Services
Takamul Holding has signed an agreement with Kuwait’s Public Authority for Manpower to modernize labor systems and develop automated digital workforce platforms.
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Saudi Arabia Ranks First Globally in ICT Development Index
Saudi Arabia ranked first globally in the ITU ICT Development Index, according to the 2026 Sustainability Report issued by CST and partners.
Twin1 AI Secures $20 Million in Seed Funding Co-Led by Aramco Ventures
Twin1 AI has raised $20 million in a seed round co-led by Aramco Ventures, Bessemer Venture Partners, and Tribeca Venture Partners to scale enterprise AI twins.
Non-Profit Associations Showcase LEAP26 Digital Solutions for Community Impact
Saudi non-profit associations showcased digital platforms at LEAP26, highlighting community impact, automated services, and expanding partnerships.
specialized by stc to Present Operational Resilience Solutions at LEAP
specialized by stc will present its Business Critical Network and Hadath platform at LEAP in Riyadh, focusing on operational readiness and communication resilience.
LG Opens First AI Home Experience Zone in Riyadh Featuring Connected Living Solutions
LG Electronics has opened its AI Home Experience Zone at the Riyadh Brand Shop, presenting connected living solutions and B2B building technologies.
Liferay to Present Enterprise AI Hub and Data Platform at LEAP 2026 in Riyadh
Liferay will showcase its AI Hub and Data Platform at LEAP 2026 in Riyadh, focusing on low-code agent management and data governance for Saudi enterprises.
ARIS Showcases Process Context Platform for Enterprise AI at LEAP 2026 in Riyadh
ARIS presents its process context platform at LEAP 2026 in Riyadh, showing enterprises how to scale intelligent agents using governed operational data.
Nvidia to Raise AI Server Prices by Over 15 Percent for 2027 Shipments
Nvidia will raise AI server prices by more than 15 percent for shipments in 2027 amid climbing memory chip costs and sustained global infrastructure demand.
SDAIA Academy Opens Registration for September AI and Data Programs
SDAIA Academy has opened registration for its September training bootcamps in data science and artificial intelligence.
Saudi Arabia and France Deepen Tech Cooperation With Strategic AI and Infrastructure Agreements
Saudi Arabia and France signed major agreements in Paris covering artificial intelligence, quantum computing, Riyadh Metro expansion, and international investments.
Pasqal and Eleven Ventures Form Joint Venture in Saudi Arabia
Pasqal and Eleven Ventures have created Pasqal Arabia to deploy neutral-atom quantum computing systems across Saudi Arabia and the MENA region.
Saudi Communications and Space Authority Holds Session to Develop Space Startups
CST, MCIT, and NTDP hosted a workshop in Riyadh highlighting government initiatives to support capability development for Saudi space startups.
Nvidia Seeks $500 Billion in Third-Party Backing for Infrastructure Expansion
Nvidia is seeking $500 billion in institutional financing with Wall Street firms to fund global data center expansion and guarantee chip resale values.
SDAIA Announces Strategic Sponsorship for LEAP 2026 and DeepFest Partnership
SDAIA will serve as strategic sponsor for LEAP 2026 and principal partner for DeepFest in Riyadh, showcasing national data initiatives and AI solutions.
Saudi Digital Economy Prioritises Operational Resilience for Critical Systems
Saudi Arabia’s digital economy accounts for 15 percent of GDP, driving enterprises to prioritise operational resilience and hybrid cloud systems.
Mindware to Showcase Enterprise AI and Cloud Solutions at LEAP 2026 in Riyadh
Mindware announces its participation at LEAP 2026 in Riyadh, presenting enterprise AI, cloud, cybersecurity, and intelligent infrastructure solutions.