Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Priceline Co-Founder Jeff Hoffman to Share Startup Scaling Insights at Leap26
Priceline co-founder Jeff Hoffman will speak at Leap26, sharing insights on building startups, international scaling, and creating sustainable economic impact.
ACWA Power Signs Battery Storage Contracts with Saudi Power Procurement
ACWA Power signed agreements with the Saudi Power Procurement Company to develop three battery storage facilities with 2,000 MWh capacity each.
Saudi Passports Outlines 23 Services Available for Absher Electronic Delegation
Saudi Passports has outlined 23 government services available for electronic delegation through the Absher platform, covering visas, IDs, and permits.
AmiViz to Showcase AI Security and Digital Tech at LEAP 2026
AmiViz will showcase AI security, sovereign cloud, and data resilience technologies at LEAP 2026 in Riyadh to support Saudi digital infrastructure.
stc and Huawei Complete First Commercial MB² Deployment in Saudi Arabia
stc Group and Huawei have completed the world’s first commercial deployment of MB² microwave antennas in Riyadh, reducing tower antenna counts by up to 90 percent.
Saudi Minister Discusses Game Development AI Applications with Ubisoft in France
Saudi Communications Minister Abdullah Al-Sawaha met with Ubisoft CEO Yves Guillemot in France to discuss artificial intelligence tools in video game production.
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Robo.ai Reports Business Restructuring and Sets Financial Filing Schedule
Robo.ai announced it will release its H1 2026 financial results on August 24 following key acquisitions and the formation of Alif Holding in the UAE.
SDAIA Highlights Role of Systematic Risk Management in Responsible AI
SDAIA emphasized the importance of continuous risk management to support responsible AI deployment during Saudi Arabia’s Year of AI initiatives.
SDAIA Honors GAMI for Distinguished Data Management Compliance
SDAIA honored GAMI for distinguished data management compliance and governance standards, reflecting commitment to international data handling practices.
Saudi FDA Grants Marketing Authorization for Dual Glucose and Ketone Monitoring Device
The Saudi FDA has authorized a continuous glucose and ketone monitoring device, marking one of the first regulatory approvals worldwide for the biosensor tool.
Humain Teases Horizon Ultra AI Laptop Featuring Snapdragon X2 Elite
Humain has teased its Horizon Ultra laptop powered by Snapdragon X2 Elite silicon, featuring a dedicated operating system for agentic artificial intelligence.
Saudi First Bank and Noon Launch Co-Branded Visa Credit Card for Online Shoppers
Saudi First Bank and Noon have launched a joint Visa credit card offering up to 10% cashback on digital purchases and a two-year Noon One membership.
Saudi Arabia Records 124% AI Spending Growth as Enterprise Investment Surges
Saudi Arabia recorded 124% growth in enterprise AI spending according to ServiceNow data, as organizations advance digital maturity and infrastructure modernization.
Saudi AI Spending Surges 124 Percent as Governance Defines Value Realization
Saudi organizations expanded AI spending by 124% year-on-year, though operational and data governance gaps remain critical barriers to scaling value.
Humain to Unveil Specialized Laptop Built for Artificial Intelligence Agents
Humain developed a specialized laptop with Qualcomm to run AI agents locally. The device will debut at the upcoming LEAP conference in Riyadh.
Oracle to Present Enterprise and Sovereign AI Technologies at LEAP 2026 in Riyadh
Oracle will present its sovereign AI and cloud technologies at LEAP 2026 in Riyadh, highlighting national digital skills training and enterprise adoption.
Riyadh to Host Fourth UNESCO Global Forum on AI Ethics in September 2026
Saudi Arabia will host the fourth UNESCO Global Forum on the Ethics of AI in Riyadh from September 14 to 17, 2026, gathering global tech ministers and leaders.
University of New Haven Opens First U.S.-Accredited Campus in Saudi Arabia
The University of New Haven opens its branch campus in Misk City, becoming the first U.S.-accredited higher education institution in Saudi Arabia.
World Bank Highlights Saudi Arabia’s Data and AI Infrastructure in 2026 Study
A World Bank study highlights Saudi Arabia’s data integration model across 60 government bodies and ranks the Kingdom among the top 10 for AI investment.
Saudi Arabia Approves Naver Digital Twin Platform as National Standard for Municipalities
Saudi Arabia approved Naver’s digital twin platform as the national standard for municipal planning and infrastructure management across the Kingdom.
Najm and Solera Partner to Deploy AI Across Saudi Motor Claims Operations
Najm and Solera have formed a partnership to integrate AI damage estimating tools and digital workflows across Saudi Arabia’s motor claims network.
Vietnam’s Da Nang Tops Rising Saudi Summer Destinations with 117% Flight Search Growth
Wego data reveals a 117% increase in flight searches for Vietnam’s Da Nang as Saudi travellers turn toward secondary coastal cities for summer 2026.