Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Globant Launches Glob.AI to Redefine Enterprise Technology Services
Globant has launched Glob.AI, a new tech services model utilizing AI Pods and outcome-based pricing to improve enterprise software development productivity.
AI Infrastructure Spending Projected to Reach 1.6 Trillion USD by 2031
Annual AI infrastructure spending is projected to reach 1.6 trillion USD by 2031, driving demand for advanced femtosecond lasers in hardware manufacturing.
CHERY Saudi Arabia Outlines Direct Operations and Expansion Strategy in Riyadh
CHERY Saudi Arabia hosted a media briefing in Riyadh to announce direct management of its operations and outline its local expansion strategy.
Riyadh to Host Fourth UNESCO Global Forum on AI Ethics in September
Riyadh will host the fourth UNESCO Global Forum on the Ethics of Artificial Intelligence from September 14 to 17, 2026, bringing together global tech leaders.
PMI and Sobha Group Partner to Enhance Project Management Capabilities
The Project Management Institute and Sobha Group have signed an MoU to strengthen project management capabilities and professional development.
LG Electronics Expands Commercial Air Care Business Across Asia
LG Electronics expands its commercial air care business in Asia, securing major supply contracts in Taiwan and Thailand to meet growing demand.
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Cyber Resilience Becomes Critical Priority for Manufacturing Sector
A joint report by Kaspersky and VDC Strategy reveals that 60% of manufacturers expect to achieve full digitalization within two years, making cyber security a business priority.
The Space 14 Estate Launches New Warehousing Project in Dubai Investments Park 2
The Space 14 Estate has launched a new warehousing project in Dubai Investments Park 2, offering 14 flexible units scheduled for completion in September 2027.
Cisco Outlines Need for New AI Cyber Defense Playbook as Threat Windows Shrink
Cisco urges organizations to adopt continuous security models as artificial intelligence reduces the time attackers need to exploit software vulnerabilities.
AliExpress Launches Back-to-School Campaign in Saudi Arabia
AliExpress has launched its seasonal campaign in Saudi Arabia, offering technology, home, and automotive products from August 17 to 26.
Cultural Development Fund Launches AI Incentives for Cultural Projects
The Cultural Development Fund has launched a new funding track offering up to SAR500,000 for cultural projects adopting artificial intelligence.
Four Points by Sheraton Riyadh Wins Marriott’s 2026 EMEA New Hotel Opening Award
Four Points by Sheraton Riyadh has won the 2026 EMEA New Hotel Opening Award from Marriott International, recognizing its operational excellence.
ByteDance Develops Ten Trillion Parameter AI Model to Rival Mythos
ByteDance is reportedly training a new AI model with 10 trillion parameters, aiming to surpass Anthropic’s Mythos system and domestic Chinese competitors.
SDAIA Launches Ibram Platform for Secure Government Digital Signatures
SDAIA has launched the Ibram platform to enable secure digital signatures and seals for over 87 Saudi government entities.
IBS Expands Digital Transaction Footprint Across Middle East
Infinite Business Solutions expands its digital transaction footprint across ten countries, with Saudi Arabia serving as its largest regional market.
OMODA & JAECOO Reports 150 Percent Global Sales Growth in July 2026
OMODA & JAECOO recorded 69,739 vehicle sales in July 2026, representing a 150% year-on-year increase and marking its seventh consecutive month of triple-digit growth.
Mastercard Appoints Yasemin Bedir as EEMEA President
Mastercard has appointed Yasemin Bedir as the new President for its Eastern Europe, Middle East, and Africa region, effective September 1, 2026.
MENA M&A Deals Reach $46.7 Billion in H1 2026
A new EY report shows MENA M&A deals reached $46.7 billion in H1 2026, driven by strong domestic transactions and sovereign wealth fund activity.
Rasan Financial Results: Revenue Reaches SAR 517 Million
Rasan Information Technology Company reported a 111% year-on-year revenue increase to SAR 517 million for the first half of 2026.
MEPRA Qatar Leadership Majlis 2026 to Convene in Doha to Discuss the New Architecture of Influence
The 2026 MEPRA Qatar Leadership Majlis will convene in Doha on September 10 to discuss the changing dynamics of trust, AI integration, and regional communications.
Saudi Arabia Integrates AI Literacy into National Strategy for Vision 2030
Saudi Arabia is embedding AI literacy into its national strategy to support economic growth and workforce upskilling under Vision 2030.
NHU-Riyadh Campus Takes Shape at Misk City Ahead of Fall Launch
The new NHU-Riyadh campus is undergoing construction at Misk City in Riyadh, preparing to welcome its first cohort of business students this fall.