Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Anthropic Secures $45 Billion Infrastructure Agreement with Nscale
Anthropic has committed $45 billion to rent AI computing capacity from Nscale, securing Nvidia Vera Rubin systems from West Virginia starting in late 2027.
LEAP 2026 Convenes in Riyadh with Thousands of Tech Leaders and Investors
LEAP 2026 gathers over 1,800 technology firms and 1,900 investors in Riyadh from August 31 to September 3, 2026, to showcase global tech advancements.
Saudi Arabia Launches Riyadh Digital District to Attract Tech Talent and Global Hub Status
Saudi Arabia has launched the Riyadh Digital District to attract global technology enterprises, develop engineering talent, and enter the world’s top 10 tech hubs.
GSMA and ITU Partner to Co-Locate MWC26 Doha and PP-26 Gathering in Qatar
GSMA and the ITU will co-locate MWC26 Doha with the PP-26 policy conference in Qatar during November 2026.
Al Masaood Automobiles Launches Back-to-School Campaign Across Five Nissan Models
Al Masaood Automobiles has introduced back-to-school financing on five Nissan models, offering zero percent interest and payment deferrals until 2027.
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Genetec Secures Top Global Ranking in Video Management Software Market Share Reports
Independent analyst reports from Omdia and Novaira Insights rank Genetec as the global market leader in video surveillance and management software.
University of New Haven Opens First International Branch Campus in Riyadh
The University of New Haven commenced classes at Misk City on August 23, 2026, becoming the first international branch campus in Saudi Arabia.
Mastercard and QNB Process First International Card Transaction in Syria in 15 Years
Mastercard and QNB Group completed Syria’s first international card transaction in 15 years following system reconnection.
Visa Tests First Live International Card Transaction in Syria
Visa conducted its first live international card transaction test in Syria on August 27, 2026, collaborating with Fransabank Lebanon and Paymera.
Kaspersky Report Shows Tenfold Increase in AI Vulnerabilities in Early 2026
Kaspersky reports a tenfold surge in AI vulnerabilities in Q2 2026, with critical flaws rising to 119 alongside disguised malware attacks on businesses.
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 Esports Federation Signs MoU with BSF to Strengthen Sector Financing
The Saudi Esports Federation signed an MoU with BSF to integrate executive banking, tournament sponsorships, and digital systems into competitive gaming.
HPE Showcases AI Factory Solutions and Self-Driving Networks at LEAP 2026
HPE will showcase sovereign AI factories, self-driving networks, and Saudi Made initiatives at LEAP 2026 in Riyadh from August 31 to September 3.
Alshaya Group Opens First Chipotle Restaurant in Riyadh
Alshaya Group has opened the first Chipotle restaurant in Saudi Arabia at Sidra in Riyadh, expanding the brand’s GCC presence to 17 locations.
Nissan Formula E Confirms Oliver Rowland and Zane Maloney for Season 13
Nissan Formula E Team confirms Oliver Rowland and Zane Maloney for Season 13 ahead of the GEN4 debut in the ABB FIA Formula E World Championship.
Saudi Ministry of Media to Host Government Press Conference with Communications Minister
The Saudi Ministry of Media hosts a government press conference on August 30, 2026, featuring Communications Minister Abdullah Alswaha to discuss tech updates.
Nvidia Agrees to Acquire Hugging Face for $12.9 Billion
Nvidia agreed to acquire open-source AI platform Hugging Face for $12.9 billion, expanding its position in developer tools and model hosting.
Saudi Industrial Fintech Financing Surges 130% to SR541 Million in H1 2026
Saudi industrial fintech financing climbed 130% to SR541 million in H1 2026 as the number of active digital lenders expanded from three to seven.
Saudi Arabia Approves $112 Million for Gaming and Esports Development
Saudi Arabia approved $112 million in financing for the gaming sector, supporting 82 entities and 127 games under Vision 2030 diversification goals.
NTT DATA to Present Smart City and Artificial Intelligence Systems at LEAP 2026 in Riyadh
NTT DATA announced its participation in LEAP 2026 in Riyadh, showcasing smart city infrastructure, sovereign AI, and digital transformation systems.
Infobip Launches SIM-Based Number Verification for Telecom Operators
Infobip launched a SIM-based authentication tool to help telecom operators monetize Network APIs while replacing one-time passwords for enterprise security.
CST Publishes Saudi Internet 2025 Report on Digital Public Services
The Saudi Internet 2025 report reveals download statistics for official public applications across the Kingdom, highlighting citizen adoption.
McLaren Reveals McL 6GT Supercar Concept at Monterey Car Week
McLaren Automotive has revealed the McL 6GT concept at Monterey Car Week, featuring a manual transmission and carbon fibre construction ahead of a 2028 production run.