Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Saudi CMA Launches Commodities Market with Three-Year Fee Waiver
The Saudi Capital Market Authority has launched a new commodities and metals trading market featuring a three-year commission exemption.
Saudi Arabia Launches National Qualifications Framework for Future Skills
Saudi Arabia has launched the National Qualifications Framework to develop digital and technical skills, supporting Vision 2030 and digital transformation.
Tawakkalna Platform Adds 160 New Services in June Through 40 Entities
Tawakkalna platform added 160 new services in June through 40 government, private, and non-profit entities, expanding digital offerings for Saudi citizens and residents.
Samsung Operating Profits Projected to Surge 18-Fold in Q2 Amid AI Boom
Samsung is projected to post an 18-fold increase in operating profits for the second quarter of 2026, driven by the global artificial intelligence boom.
South Korean Stocks Decline Amid Semiconductor Valuation Concerns
South Korean stocks declined on Monday as growing semiconductor valuation fears impacted global tech shares and GCC investment portfolios.
Microsoft Frontier Company – $2.5B AI Unit Launched
Microsoft has launched a new business division with a $2.5 billion investment and 6,000 engineers to help enterprise clients scale AI systems.
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Vertiv Opens New Manufacturing Facility in Malaysia to Support AI Demand
Vertiv has opened a new manufacturing facility in Johor, Malaysia, to address the growing demand for AI and high-density computing infrastructure across Asia.
Team Falcons MENA Secures Final Main Stage Spot at Esports World Cup
Team Falcons MENA has qualified for the Main Stage of the Mobile Legends Mid Season Cup at the 2026 Esports World Cup after a 2-1 victory in Paris.
Lucid Announces Q2 Production Figures and Executive Restructuring
Lucid Group has announced executive restructuring alongside its Q2 2026 production of 4,774 vehicles and delivery of 3,953 vehicles.
The Garage Challenge Concludes in Riyadh to Support Tech Startups
The Garage Challenge concluded its three-day program in Riyadh, helping entrepreneurs transform ideas into technology startups using artificial intelligence.
Riyadh to Host Global Space Connectivity and Sustainability Events in October
Riyadh will host the global Space Connectivity Events from October 12 to 14, 2026, focusing on non-terrestrial networks and space sustainability.
King Abdulaziz University Team Secures 7th Place at Global Underwater Robotics Championship
King Abdulaziz University students finished 7th at the MATE ROV World Championship in Canada, marking a regional milestone for Gulf engineering teams.
Saudi Arabia Ranks First Globally in ICT Development Index 2026
Saudi Arabia has secured the top global spot in the ICT Development Index 2026, driven by 100% internet penetration and a 199 billion SAR market size.
SDAIA Academy Launches Eight Summer Training Programs and Bootcamps for July 2026
SDAIA Academy has launched eight summer training programs and bootcamps for July 2026, targeting both professionals and beginners in AI fields.
BackLite KSA Launched via MMG and Cenomi Centers Deal
Multiply Media Group has partnered with Cenomi Centers to launch BackLite KSA, establishing a premium digital advertising network across Riyadh and Jeddah.
TOD and talabat Celebrate Regional World Cup Campaign Success
The TOD talabat partnership achieved significant regional engagement during the FIFA World Cup 2026, reaching over 214 million people across eight MENA markets.
VinFast VF 8 and the Shifting Priorities of EV Ownership
The VinFast VF 8 highlights a shift in EV ownership priorities, focusing on long-term service networks and charging infrastructure in the UAE.
Mashreq and Sukoon Launch Embedded Insurance Solutions for SMEs
Mashreq has partnered with Sukoon Insurance to offer instant, paperless Workmen’s Compensation and Third-Party Liability coverage directly via MashreqBiz.
Naghi Motors Opens New Hyundai Showroom in North Obhur
Mohammed Yousuf Naghi Motors has opened its new Hyundai showroom in North Obhur, Jeddah, featuring the global GDSI 2.0 design standards.
The AI Infrastructure Race Is Reshaping Chips, Pricing and Policy
A lifted export ban, a cheaper agent model, and rising chip prices reveal the same story: AI is becoming physical infrastructure.
Saudi Arabia Ranks First Globally in ICT Development Index 2026
Saudi Arabia has ranked first globally in the ITU’s ICT Development Index 2026, driven by a SAR 199 billion market and 100% internet penetration.
Mastercard and Jarir Launch Discount Campaign for Small Businesses in Saudi Arabia
Mastercard has partnered with Jarir to offer exclusive discounts for small business cardholders in Saudi Arabia, helping reduce operational costs.