Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Mastercard and Trip.com Introduce Agentic Commerce for Travel Bookings
Mastercard and Trip.com have collaborated to launch agentic commerce tools for travel bookings, allowing automated searches and payments through TripGenie.
Saudi ICT Sector Weekly: BARQ Achieves Unicorn Status as Major Deals and AI Initiatives Expand
Saudi Arabia recorded key ICT developments including BARQ becoming a tech unicorn, PayTabs acquiring Amazon Payment Services MENA, and new AI policy initiatives.
Saudi Fintech BARQ Secures $329.5 Million in Series A Funding Round
Saudi digital payment platform BARQ secured $329.5 million in Series A funding at a $1.85 billion valuation, backed by Noon Investments and Sohar International Bank.
ATM Travel Trends Report Forecasts $116 Billion Surge in Middle East Tourism Spending
The ATM Travel Trends Report projects a 57% increase in Middle East visitor spending by 2030, totaling $116 billion in additional revenue.
SAL Logistics Services and CIMC Sign MoUs to Expand Saudi Supply Chains
SAL Logistics Services and CIMC signed two MoUs to develop logistics infrastructure, cargo automation systems, and warehouses in Riyadh.
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Al Majdouie Changan Renews Strategic Partnership With Al Rabwah Dates Festival
Al Majdouie Changan has renewed its strategic partnership with the Al Rabwah Dates Festival in Riyadh for the second consecutive year, providing official prize vehicles.
Kodak Alaris Unveils KODAK N2000 Series Network Desktop Scanners
Kodak Alaris launched the KODAK N2000 Series desktop scanners, providing standardized network capture and integrated security for distributed branch fleets.
OpenAI, Google, and Anthropic Collaborate to Form AI Governance Body
OpenAI, Google, and Anthropic are working together to create an oversight body for AI safety based on financial regulatory models.
SDAIA Reviews Five Years of UNESCO AI Ethics Recommendation Implementation
SDAIA participated in an international session assessing the impact and implementation progress of UNESCO’s AI ethics recommendation after five years.
SDAIA Discusses Regional AI and Digital Transformation Cooperation
SDAIA participated in a panel session on regional AI cooperation and digital transformation during the Global Forum on AI.
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
Saudi Digital Authority Governor Holds Bilateral Meetings at Global Summit
Saudi Digital Government Authority Governor Eng. Ahmed Alsuwaiyan met international leaders to discuss digital governance and ethical tech standards.
NEOPAY and Commercial Bank of Dubai Partner to Expand SME Financing
NEOPAY and Commercial Bank of Dubai have formed a partnership to help UAE merchants access working capital and banking services through transaction data.
Mannai and Oracle Expand Enterprise Technology Collaboration into Saudi Arabia
Mannai Information Technology and Oracle have expanded their four-decade partnership into Saudi Arabia to advance enterprise cloud, AI, and data solutions.
Globant Deploys AI Agents for Aldar Properties Real Estate Operations
Globant has launched Salesforce-powered AI agents for Aldar Properties to manage 24/7 homeowner inquiries, maintenance dispatches, and construction tracking.
Saudi Motorsport Company Wins Best Sports Event Award for WRC Rally 2025
Saudi Motorsport Company has won the Best Sports Event award at the 2026 Saudi Event Awards for delivering WRC Rally Saudi Arabia 2025.
BARQ Becomes Ninth Billion-Dollar Tech Company in Saudi Arabia
BARQ has become Saudi Arabia’s ninth billion-dollar technology company, reflecting continued expansion across the Kingdom’s tech startup sector.
Agility Robotics Introduces Digit 5 Humanoid Robot with Safety Motion Controls
Agility Robotics has unveiled Digit 5, a humanoid robot featuring reactive safety motions, a 50-pound lift capacity, and rapid nine-minute recharging.
Saudi Minister Abdullah Alswaha Meets AWS CEO to Accelerate AI Infrastructure
Saudi Minister Abdullah Alswaha met AWS CEO Matt Garman in Seattle to discuss accelerating AI computing expansion and AI Zone development.
SDAIA Launches National AI Index to Measure Government Maturity
SDAIA has launched the National AI Index to evaluate government maturity in technology adoption and support responsible institutional deployment.
CST Partners with ITU to Organize Global Space Communications and Sustainability Event
CST partners with the ITU to host a global event focused on space communications and orbital sustainability under ministerial patronage.
SDAIA Highlights Role of Biotechnology Data at Global Summit in Riyadh
SDAIA outlined the strategic importance of biotechnology data at the fourth Riyadh Global Medical Biotechnology Summit to support healthcare goals.
Study Links Trustworthy AI Practices to Higher Returns on Investment
A study by SAS and IDC shows organizations using trustworthy AI practices are 15 times more likely to achieve strong returns on their technology investments.