Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Saudi Digital Economy Reaches $139 Billion After 75% Growth
The Saudi digital economy has reached a value of $139 billion following a 75% growth rate over the past eight years, driven by infrastructure expansion.
Saudi Arabia Launches AI-Powered Insights Tool for National Data Analysis
Saudi Arabia has launched the AI-powered Insights tool to simplify national data analysis and support decision-making across government entities.
Shahbandar Rebrands to Komrz and Launches Komi AI Agent
Shahbandar has rebranded to Komrz and launched its new Komi AI assistant to drive expansion into the GCC and European e-commerce markets.
European Committee Proposes Social Media Ban for Children
A European expert committee is set to recommend a social media ban for children across the EU, reflecting a growing global trend of digital age restrictions.
C3 and HSBC Launch Nature Impact Accelerator to Scale Habitat Restoration
Companies Creating Change (C3) has partnered with HSBC to launch a new program supporting habitat restoration across MENAT and Southeast Asia.
Fire Protection Summit to Address Infrastructure Resilience and AI Safety Systems in Riyadh
The Fire Protection Summit will take place in Riyadh this November, focusing on AI-enabled safety systems and infrastructure resilience.
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Dream of the Desert Establishes Riyadh Headquarters and Appoints General Manager
Dream of the Desert has opened its permanent Riyadh headquarters and appointed Raffaele Breschi as General Manager, marking its transition into the delivery phase.
Neolix Targets Saudi Arabia for Autonomous Delivery Robot Expansion
Chinese autonomous delivery robot company Neolix is targeting Saudi Arabia for expansion as part of its global growth strategy.
Nuclear Authority Launches Uboor Digital Platform for Transit Permits
Saudi Arabia’s Nuclear and Radiological Regulatory Authority has launched a new digital system to automate transit permits for radioactive materials.
Infrastructure Financing Reshaped by AI and Sovereign Funds
AIIB Chief Investment Officer Konstantin Limitovskiy outlines how AI and sovereign wealth funds will drive the next decade of regional infrastructure development.
Saudi Arabia Secures Top Spot in Global Cybersecurity Index for 2026
Saudi Arabia has maintained its first-place position in the IMD World Competitiveness Yearbook’s cybersecurity index for 2026, marking three consecutive years of global leadership.
Saudi-Jordanian AI Partnership Secured with $5M Investment
A new $5 million investment from Jordan’s Innovative Startups Fund into Saudi VC fund STV establishes a strategic technology corridor between the two nations.
LG Electronics Launches New Commercial Laundry Lineup Globally
LG Electronics has launched its new commercial laundry lineup globally, featuring advanced AI weight detection and dual inverter heat pump technologies.
Almajdouie Motors Launches the New Changan UNI-S SUV in Saudi Arabia
Almajdouie Motors has officially launched the new Changan UNI-S SUV in Saudi Arabia, featuring a 1.5-liter turbocharged engine and updated cabin technology.
SAL SF Airlines Agreement Signed for Saudi Cargo Services
SAL Logistics Services has signed a strategic agreement with China’s SF Airlines to provide integrated ground handling and air cargo services in Saudi Arabia.
OSN Submits Preliminary Offer to Acquire Full Ownership of Anghami
OSN Streaming has submitted a preliminary offer to acquire all remaining shares of Anghami for $3.39 per share in cash, aiming to take the platform private.
GCC Asset Management Reaches $2.7 Trillion as AI Reshapes Competition
The GCC asset management sector reached $2.7 trillion in 2025. Discover how artificial intelligence and retail investors are reshaping regional competition.
Apple Sues OpenAI Over Alleged Trade Secret Theft and Hardware Data Leaks
Apple has filed a lawsuit against OpenAI, accusing the company of using leaked trade secrets from former employees to develop competing consumer hardware.
Microsoft Teams Rolls Out Workplace Check-in Feature
Microsoft Teams has introduced a new Workplace Check-in feature that automatically tracks employee locations via Wi-Fi, raising privacy concerns.
SDAIA and ITU Launch Global AI Readiness Hackathon for University Students
SDAIA and the ITU have opened registration for a global hackathon targeting university students to develop AI solutions in education, health, agriculture, and finance.
Sustainability Emerges as Top Predictor of Project Success in New PMI Study
A new global study by PMI and GPM reveals that sustainability has surpassed traditional methodologies as the primary predictor of project success.
LEPAS L8 PHEV Shipped to Middle East Ahead of Launch
The first batch of the LEPAS L8 PHEV has been shipped from Guangzhou Nansha Port to the UAE and Kuwait, initiating the brand’s Middle East expansion.