Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Al Masaood Automobiles Achieves Record Score in Nissan Global Assessment
Al Masaood Automobiles achieved a record 96.8% score in the latest Nissan global assessment, with two key facilities earning perfect scores.
Riyadh Air Hafawa Lounge Completed at King Khalid International Airport
ACCIONA Cultura has completed the 2,000-square-meter Hafawa Lounge for Riyadh Air at King Khalid International Airport, designed to meet LEED Gold standards.
Anthropic Opus 5 Released as a Strategic Step Down in AI Capability
Anthropic has launched its new Opus 5 model, representing a strategic step backward in capability to optimize high operational serving costs.
Saudi Arabia Ranks First in MENA for Digital Government Services
Saudi Arabia has maintained its top ranking in the MENA region for digital government services for the fourth consecutive year, scoring 99 percent on the 2025 GEMS index.
Vertiv Expands Manufacturing and Testing Capacity at Tognana Campus in Italy
Vertiv has announced plans to double its chiller production capacity at the Tognana campus by 2026 and build a new testing laboratory by 2027.
IBM Lowers 2026 Revenue Growth Target Amid Enterprise Shift to AI Infrastructure
IBM has adjusted its 2026 revenue growth forecast to 4-5% as enterprise clients prioritize investments in artificial intelligence infrastructure over traditional software.
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Ministry of Municipalities and Housing Launches Over 70 Services on Tawakkalna
The Ministry of Municipalities and Housing has integrated over 70 digital services into the Tawakkalna application, streamlining municipal and real estate procedures.
Saudi Internet Report 2025 Reveals Key Digital Growth Indicators
The Saudi Internet Report 2025 highlights key digital indicators, showing that AI adoption in Saudi Arabia has reached 45.2% while mobile data usage is three times the global average.
DP World Indus Makes Maiden Call at Jeddah Islamic Port
The newly acquired container vessel DP World Indus has completed its maiden call at Jeddah’s South Container Terminal, expanding regional maritime connectivity.
Saudi Arabia Integrates AI Literacy into National Strategy to Support Vision 2030 Goals
Saudi Arabia is embedding AI literacy into its national strategy to support economic growth and Vision 2030 goals, according to a new report by Coursera.
Origen and RoboSense Partner to Deploy Embodied Intelligence
Origen and RoboSense have formed a strategic partnership at WAIC to accelerate the deployment of embodied intelligence across the Middle East.
Toyota Gazoo Racing Claims One-Two Finish at Rally Estonia
Toyota Gazoo Racing secured a dominant one-two finish at Rally Estonia, with Sami Pajari and Marko Salminen claiming their first WRC victory.
Dun & Bradstreet Integrates Risk Data into Anthropic Claude
Dun & Bradstreet has integrated its risk data into Anthropic’s Claude to automate enterprise compliance and due diligence workflows.
LG Sustainability Report Highlights Accelerated Carbon Reduction and Governance Updates
The latest LG sustainability report reveals that the company has surpassed its 2030 carbon reduction and waste recycling targets ahead of schedule.
Bell Textron Completes 700th Bell 505 Delivery at Farnborough
Bell Textron has delivered its 700th Bell 505 helicopter to a private VIP operator during the Farnborough International Airshow 2026.
GM Middle East Reports SUVs and Pickups Accounted for 44 Percent of Sales Over 25 Years
General Motors Middle East reports that full-size SUVs and pickups made up 44 percent of its sales over the last 25 years, totaling nearly 1 million vehicles.
Absher Launches Digital Vehicle Plate Wallet Service
The Saudi Absher platform has introduced a digital vehicle plate wallet, allowing users to manage and transfer plates via the app.
ASML Approaches One Trillion Dollar Valuation on Surging AI Chip Demand
The market valuation of Dutch semiconductor giant ASML is nearing $1 trillion, driven by global demand for AI chips and advanced lithography systems.
FLOATY Studio Secures $1 Million Funding Led by Merak Capital
FLOATY Studio has secured $1 million in a funding round led by Merak Capital to expand its mobile gaming portfolio globally.
Honda Racing Saudi Arabia Secures Podium Finishes in Championship Opening Rounds
Honda Racing Saudi Arabia secured multiple second-place finishes during the opening rounds of the 2026 championship in Taif.
GEOSA Updates Riyadh Geospatial Data with 300,000 Points
GEOSA has launched a national initiative to collect and classify over 300,000 points of interest in Riyadh, updating the national database for urban planning.
Mawhiba Summer Programs Launch for 10,000 Saudi Students
Mawhiba has launched its 2026 summer programs, providing over 10,000 Saudi students with advanced training in AI, robotics, and space science.