Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Salam and KAROOOOO Partner to Deliver Connected Fleet Solutions Across Saudi Arabia
Salam has partnered with KAROOOOO at LEAP 2026 to distribute and develop connected fleet solutions and vehicle tracking software across Saudi Arabia.
General Motors and MEBCO Mark 30-Year Alliance and 60 Million Batteries in Saudi Arabia
General Motors and MEBCO celebrate 30 years of partnership in Saudi Arabia, reaching 60 million ACDelco batteries produced locally.
World Defense Show Renews Strategic Partnership with SAMI for 2028 Edition
World Defense Show has renewed its strategic partnership with SAMI, confirming the defense firm as National Strategic Partner for the 2028 edition in Riyadh.
Group-IB to Showcase Predictive Threat Technologies at GISEC Global 2026
Group-IB will present its latest threat intelligence tools and AI platforms at GISEC Global 2026 in Dubai from September 16 to 18.
NetApp Reports Record First Quarter Fiscal 2027 Revenue of $2.03 Billion
NetApp posted record first quarter fiscal 2027 revenues of $2.03 billion, up 30% year-over-year, driven by strong all-flash and public cloud storage growth.
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NEOPAY and Deem Finance Launch SME Working Capital Solution in UAE
NEOPAY and Deem Finance have partnered to provide UAE small businesses with working capital loans based on merchant transaction data.
AKDITAL Opens First Saudi Healthcare Facility in Riyadh with Olaya Hospital Launch
AKDITAL Group has launched operations at its first Saudi facility, opening the 140-bed Olaya Hospital in Riyadh as part of a SAR 5.3 billion investment plan.
Saudi Esports Federation and Vanguard Launch Level Up Training Program
The Saudi Esports Academy and Vanguard have introduced the Level Up program to provide graduates with operational training during the PRIME League.
DCO, MEWA, RDI, and KACST Launch Future Makers Challenge for Water Resilience
DCO, MEWA, RDI, and KACST have opened the Future Makers Challenge to create AI-driven solutions for global water sustainability issues.
Capcom Reports Onimusha: Way of the Sword Sells 1 Million Units on Launch Day
Capcom announced that Onimusha: Way of the Sword sold over one million copies on day one, driving cumulative franchise sales past ten million units.
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
Salam and Nutanix Partner on Private Cloud Infrastructure for Saudi Enterprises
Salam and Nutanix signed a three-year agreement at LEAP 2026 to deliver private cloud infrastructure services to enterprise clients in Saudi Arabia.
LG Launches Saudi-Manufactured DUALCOOL AI Air Conditioner with Smart Cooling Features
LG Electronics has launched its Saudi-manufactured DUALCOOL AI residential air conditioner, featuring AI Air automation and smart energy management.
Salam and SmartFactory Partner to Digitize Saudi Manufacturing Operations
Etihad Salam Telecom Company and SmartFactory signed an agreement at LEAP 2026 to deliver integrated digital systems for Saudi manufacturers.
Knowledge Economic City, Kaden and Capital Hill Sign MoU for SAR 2.5 Billion Madinah Real Estate Fund
Knowledge Economic City, Kaden, and Capital Hill have signed an MoU to launch a SAR 2.5 billion private real estate fund to develop Multaqa AlMadinah 2.
Saudi Arabia International Leisure Tourism Set to Grow 93% by 2030
Saudi Arabia’s international leisure tourism is projected to grow 93% by 2030, driven by luxury travel demand and major hospitality expansion in Riyadh.
SDAIA and Etihad Atheeb Sign MoU to Develop AI-Powered Telecom Solutions
SDAIA and Etihad Atheeb signed an agreement at LEAP 2026 to cooperate on developing and standardizing AI-powered telecommunication services.
STC Group Launches Colab Venture Building Platform at LEAP 2026
STC Group has launched Colab at LEAP 2026, establishing a dedicated corporate venture-building arm to develop and scale digital startups.
CST Issues International Cable Services Permit to Technical Links Services at LEAP 2026
CST granted Technical Links Services a landing station permit at LEAP 2026, backing 375 million riyals in planned digital infrastructure investments.
Nvidia to Acquire AI Platform Hugging Face for $12.93 Billion
Nvidia has agreed to purchase AI platform Hugging Face for $12.93 billion, expanding its open-source software and developer infrastructure.
Almosafer Report Details Saudi Travel Trends Across the First Seven Months of 2026
Almosafer has released its 2026 travel trends report, showing that domestic bookings accounted for 46% of total volume alongside rising adoption of AI search and fintech payments.
Red Sea Global Opens Nammos Resort AMAALA in Saudi Arabia
Red Sea Global has officially opened Nammos Resort AMAALA, introducing 110 guest rooms and 20 private residences along the Triple Bay coastline.
SAL and Microsoft Partner to Advance Digital Logistics at LEAP 2026
SAL and Microsoft signed an agreement at LEAP 2026 to explore digital logistics, AI integration, and cloud-driven supply chain management.