Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
DCO and UN ESCWA Partner to Advance Digital Economy Development and AI Governance
DCO and UN ESCWA signed an agreement in New York to accelerate digital economy development and establish responsible AI governance frameworks across Arab nations.
Citi Wealth Releases 2026 Global Family Office Report Highlighting Shift to Public Equities
Citi Wealth’s 2026 Global Family Office Report reveals that 90% of family offices achieved positive returns, shifting focus to public equities and AI deployment.
Saudi ICT Sector Weekly Round-Up: AI Investments, Policy Updates, and Tech Launches
A weekly overview of Saudi ICT sector developments, covering startup funding, judicial technology agreements, smart transport regulations, and industrial networks.
Emerson to Build New Automation Solutions Facility in Qatar
Emerson has announced plans to build a 3,500-square-meter automation solutions service center in Qatar featuring the region’s first certified flow calibration lab.
TEAM LEWIS Introduces Orbital OS1 as AI Platform for Enterprise Marketing
TEAM LEWIS has launched Orbital OS1, an AI operating system integrating PR, CRM, and media data for multi-market enterprise marketing teams.
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SAMA Announces Tap to Pay on iPhone Launch in Saudi Arabia
SAMA announced that Tap to Pay on iPhone will soon arrive in Saudi Arabia, allowing businesses to accept mada and contactless payments directly.
Paymob Secures $35 Million in Pre-Series C Funding Round Co-Led by Mubadala and EBRD
Paymob has raised $35 million in a Pre-Series C round co-led by Mubadala and EBRD to expand payment services across MENA markets.
DataFlow Group Acquires NEAC to Expand Global Healthcare Licensing
DataFlow Group has acquired NEAC Medical Exams Application Center, expanding verification and licensing services for healthcare professionals entering international markets.
Compute Boom Accelerates as New AI Models Demonstrate Practical Value
Industry reports document an accelerating compute boom as modern AI models demonstrate practical utility across enterprise infrastructure projects.
Anthropic and OpenAI Launch More Efficient AI Systems to Reduce Enterprise Costs
Anthropic and OpenAI have introduced updated model tiers focused on efficiency, lowering API token pricing for developers and enterprise clients.
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
Claude Opus 5.5 and Global AI Hardware Highlights
Claude Opus 5.5 set new index benchmark scores while DeepSeek seeks $7.5 billion to expand compute infrastructure on Huawei hardware.
Crown Prince Launches CEER EXOBOT Flagship Electric Vehicles
Saudi Arabia has revealed the CEER EXOBOT electric sedan and SUV, representing the first flagship models from the Kingdom’s national automotive manufacturer.
SFDA Approves First Local AI Medical Software for Dental and Eye Care
SFDA has approved two Saudi-developed medical AI software tools, Dental IQ and SAARIA, to assist doctors in dental and retinal disease diagnosis.
Amazon Blocks Meta Muse AI Agent From Accessing Online Store
Amazon has blocked Meta’s Muse AI shopping agent from making purchases on its platform, citing terms of service and security concerns.
Wego Data Shows 42% Rise in Domestic Flight Searches Ahead of Saudi National Day
Wego data reveals a 42% increase in domestic flight searches ahead of Saudi National Day, with Jeddah leading demand and Taif recording a 91% surge.
FREELANDER Schedules Global Brand Launch in Abu Dhabi for September 29
FREELANDER will hold its global brand launch in Abu Dhabi on September 29, 2026, unveiling the FREELANDER 8 vehicle.
DeepSeek Trains 2-Trillion Parameter AI Model With 8-Trillion System Planned
DeepSeek is currently training a 2-trillion parameter AI model while planning an 8-trillion parameter system amid intensifying global competition.
Visa and MOONTON Games Sign Three-Year Esports Partnership for MLBB M Series
Visa and MOONTON Games have signed a three-year global partnership designating Visa as the official payment partner for the MLBB M8 to M10 World Championships.
Ghaia Investment and Chicago Global Address AI Governance at Money20/20 Middle East
Ghaia Investment Holding and Chicago Global demonstrated the Parallax investment intelligence platform and discussed institutional AI governance at Money20/20 Middle East.
LG Electronics Launches Saudi National Day Campaign with Product Offers
LG Electronics Saudi Arabia unveiled its annual Saudi National Day campaign titled The Saudi Within Me, offering promotions across its home appliance lineup.
SAL Academy Retains IATA CBTA Certification for Second Consecutive Term
SAL Academy has renewed its IATA CBTA Center certification for the second consecutive time, retaining both Excellence and Corporate credentials for cargo training.
Elsewedy Electric Acquires 60% Stake in Thomassen Service
Elsewedy Electric acquired a 60% majority stake in UAE-based Thomassen Service. The transaction expands regional gas turbine maintenance and repair operations.