Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
PwC Middle East Appoints Faisal Al Sarraj as Saudi Country Senior Partner
PwC Middle East has appointed Faisal Al Sarraj as the new Country Senior Partner for Saudi Arabia, succeeding Riyadh Al Najjar.
GCC People Pulse Tracker Reveals Strong Regional Workforce Sentiment
The inaugural GCC People Pulse tracker by EXE and Ipsos shows regional employee sentiment outperforming global benchmarks despite rising concerns over AI job security.
Yanbu Cement Partners with Mastek to Modernize Production and Dispatch Operations
Yanbu Cement Company has partnered with Mastek to modernize its production and dispatch operations using Industrial IoT and Oracle Cloud ERP.
HITEK AI Launches CONDTEK for Automated Asset Management
HITEK AI has launched CONDTEK, an AI-powered solution that automatically creates verified digital asset registers to replace manual building surveys.
Pakistan Airports Authority Partners with WALEE Al-Nazawy to Launch Premium Airport Service
The Pakistan Airports Authority has partnered with WALEE Al-Nazawy to launch Khushaamdeed, the country’s first premium airport Meet & Assist service.
The Gentlemen Ransomware Group Expands Operations with Custom Malware
Kaspersky reports that The Gentlemen ransomware group is using new custom-built tools, including a Go-based backdoor and a C-based variant, to target global organizations.
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Maheerah Programme Opens Applications for Fourth Edition at Athar Festival 2026
The Maheerah Programme has opened applications for its fourth edition at Athar Festival 2026, offering mentorship for women in Saudi Arabia’s creative marketing sector.
Toyota Secures Double Podium Finish at Acropolis Rally Greece
Toyota Gazoo Racing secured a double podium finish at the Acropolis Rally Greece, extending its manufacturers’ championship lead to 140 points.
LG Electronics Establishes New Robotics Business Center to Drive Growth
LG Electronics has established a new Robotics Business Center to consolidate its core capabilities and accelerate growth in physical artificial intelligence.
Kaspersky Sustainability Report Outlines Global Cyber Resilience Efforts
The Kaspersky sustainability report for 2024-2025 highlights a 74% increase in detected advanced persistent threat groups and global security efforts.
Anthropic Prepares Claude Sonnet 5, Restricts Fable 5 Behind Identity Verification
Anthropic is preparing Claude Sonnet 5 for standard release while restricting the advanced Fable 5 model behind mandatory identity verification.
Saudia Wins Three Awards at Cannes Lions 2026 for Travel and Pilgrim Initiatives
Saudia secured three awards at the Cannes Lions 2026 for its Let It Fly campaign and Coolest Ihram innovation.
Wallan Celebrates Abdulaziz Alfudaili’s Lotus Emira Victory
Wallan Trading Company celebrated Saudi driver Abdulaziz Alfudaili’s victory in the Street Cars category at Motor Mania Europe 2026.
1001 Secures $30 Million Series A Funding Led by Lux Capital
GCC-based technology company 1001 has raised $30 million in Series A funding led by Lux Capital to expand its sovereign AI systems.
Opella Expands Investment in Saudi Arabia During First Year of Independence
Opella marks its first year of independence by expanding its presence in Saudi Arabia, reaching over 4,600 pharmacies and launching five new products.
Checkout.com Partners with Agoda to Power Global Travel Transactions
Checkout.com has partnered with Agoda to support digital payment processing across more than six million properties globally.
US Restricts Access to Anthropic Fable 5 and Mythos 5 Models
The US government has restricted access to Anthropic’s Fable 5 and Mythos 5 models, marking a shift toward direct model access regulation.
NSG and Saudia Launch In-Flight Connectivity on A321XLR
Neo Space Group and Saudia have activated the NSG Skywaves in-flight connectivity service on the airline’s first Airbus A321XLR aircraft.
Saudi Makes Future Delegation Attracts Over 250 Global Companies to Riyadh Edition
The Saudi Makes Future delegation concluded its participation in Italy, attracting over 250 global companies to the upcoming Riyadh edition in December.
Mastercard Launches Africa Cybersecurity Center of Excellence to Secure Digital Economy
Mastercard has launched its Africa Cybersecurity Center of Excellence to strengthen digital security and support the continent’s growing digital economy.
Dhofar Khareef 2026 Tourism Season Commences in Oman
The Dhofar Khareef 2026 tourism season has officially started in Oman, offering visitors a cool summer escape with temperatures between 20°C and 27°C.
SAMA Grants Tabby Finance Licences for Consumer and SME Credit
The Saudi Central Bank has granted Tabby consumer and SME finance licences, enabling customers to finance purchases up to SAR 50,000 over 12 months.