Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
AHOY and Lumina Partners Form Alliance for Sovereign Physical AI Deployment
AHOY and Lumina Partners have signed an alliance to deploy sovereign Physical AI across public sector mobility and infrastructure in the GCC and Europe.
Zamanat Backs Tokenized Private Credit Fund to Target GCC SME Financing Gap
Zamanat sponsored a $100 million tokenized private credit fund in the DIFC to address the $250 billion GCC small business funding gap.
HITEK AI Stresses Role of Verified Asset Data in Smart FM
HITEK AI highlighted the need for verified building asset data before implementing autonomous facilities management systems during Property Technology ConFex in Dubai.
Epson Opens MENA Regional Headquarters in Riyadh to Drive Regional Growth
Epson has established its MENA Regional Headquarters in Riyadh, expanding its commercial operations and technical services across Saudi Arabia.
NourNet Introduces AI Agent Platform and Expands Riyadh Data Center at LEAP 2026
NourNet launched its AI Agent Platform and expanded its main data center to 10 MW and 750 racks during LEAP 2026 in Riyadh.
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Saudi ICT Deals Surge With Massive Data Center and VC Investments
A weekly roundup of major Saudi ICT deals, featuring $15B at LEAP 2026, HUMAIN’s new $10B venture fund, and massive national data center expansions.
Apple CEO John Ternus Thanks Tim Cook and Hosts First Launch
Apple CEO John Ternus has hosted his first product launch and thanked Tim Cook in a company memo as leadership transitions.
iCaur Alghanim Opens New Automotive Showroom in Jeddah
iCaur Alghanim has opened its new showroom in Jeddah, marking the automotive brand’s official market entry into the Western Region of Saudi Arabia.
Report Details Tim Cook’s Decade-Long Role in Foldable iPhone Development
A new report outlines Tim Cook’s decade-long involvement in Apple’s foldable phone project, with base prices expected to start around $2,199.
Cognition Valuation Hits $48 Billion Following $2 Billion Funding Round
Cognition achieved a $48 billion valuation after raising $2 billion to expand its Devin coding assistant amid rising enterprise adoption.
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 Communications Minister Meets Silicon Valley Leaders to Expand AI Investments
Saudi Minister Abdullah Alswaha met with Sequoia Capital, Andreessen Horowitz, and TenX Semi to boost investments in artificial intelligence and deep-tech startups.
COFE Tech Closes Pre-IPO Round at $178 Million Valuation
COFE Tech has secured a $178 million valuation in a pre-IPO funding round led by Wa’ed Ventures and Aditum ahead of a planned Saudi listing.
Saudi Arabia Explores AI Chip Design with TenX Semi in Silicon Valley
Saudi Arabia’s Minister of Communications Abdullah Alswaha met with TenX Semi CEO Dr. Suk Hwan Lim in Silicon Valley to explore AI agents in chip design.
Meta Launches Muse Personal Assistant to Automate Everyday Digital Tasks
Meta has released Muse, an autonomous personal assistant built to handle tasks like booking travel and managing purchases within secure cloud containers.
Mistral Secures €3B in Series D Funding at €21B Valuation
French AI lab Mistral raised €3 billion in Series D funding led by Samsung Electronics, valuing the company at over €21 billion.
Ministry of Communications Opens Registration for Technical Competencies Summit 2026 Workshops
Saudi Ministry of Communications opens registration for the Technical Competencies Summit 2026 virtual training workshops to develop local digital talent.
Five Key Strategic Focus Areas for Apple Under New Chief John Ternus
An analysis of five major strategic areas facing Apple and its new CEO John Ternus ahead of the September hardware showcase.
Fluke Innovation Day Highlights Industrial Reliability in Saudi Arabia
Fluke Corporation hosted industrial leaders in Al Khobar to showcase diagnostic and measurement technologies for large-scale operations in Saudi Arabia.
Changan Opens Middle East Training Center in Al Khobar with Almajdouie
Changan and Almajdouie opened the Middle East Training Center in Al Khobar, establishing a specialized technical hub for automotive after-sales service teams.
Hurr Announces $2 Million Growth Initiative and New AI Contracting Tool
Hurr has introduced a $2 million growth initiative featuring the AI-assisted Hurr Sign & Pay tool, an acquisition, and new strategic partnerships in Saudi Arabia.
Digital Cooperation Organization Concludes LEAP 2026 with New Member Accords and Tech Initiatives
Digital Cooperation Organization concluded LEAP 2026 by adding new member states, launching AI initiatives, and supporting 30 emerging technology startups.
Al Rajhi Bank and Uber Launch Mobility and Loyalty Partnership in Saudi Arabia
Al Rajhi Bank and Uber Saudi Arabia have launched a partnership offering eligible customers a complimentary three-month Uber One membership starting Q4 2026.