Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Saudi Automotive Sector Award Nominations Extended for 14th Edition
The Organizing Committee has extended the nomination period for the 14th Saudi Automotive Sector Award to accommodate newly launched vehicle models.
Red Sea Vocational Training Program Graduates Fourth Cohort
Red Sea Global celebrated the graduation of 386 students from its vocational training program to support Saudi Arabia’s tourism sector.
CHANGAN Service Skills Competition Concludes National Qualifying Rounds
The second CHANGAN Service Skills Competition completed its national qualifying rounds across four regional markets, with top performers advancing to the finals in Oman.
Mashreq Partners with Mastercard to Expand Quick Remit Cross-Border Payments
Mashreq has partnered with Mastercard to expand its Quick Remit service globally, enabling direct local currency transfers across new international corridors.
Apple Increases MacBook and iPad Prices Globally Due to Memory Shortage
Apple has raised prices on its MacBook and iPad lines by 20% due to global memory chip shortages driven by AI infrastructure demand.
Tuwaiq Academy Wins Best CompTIA Partner Award for EMEA Region
Tuwaiq Academy has won the CompTIA Best Partner award for the EMEA region for the second time, highlighting its role in technical training.
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SAL Ground Handling Division Signs Strategic Agreement with Singapore Airlines
SAL Ground Handling has signed a strategic agreement with Singapore Airlines to manage cargo services at King Khalid International Airport in Riyadh.
Atheel KAFD Hotel to Open with Majority-Saudi Leadership Team
The Atheel KAFD Hotel in Riyadh is preparing for its launch with a leadership team comprised of 63 percent Saudi nationals.
Hajj Data Center Completes 100% Cloud Migration
The Ministry of Hajj and Umrah has completed the 100% migration of its data center to a cloud-based infrastructure to support over 20 million pilgrims.
ITU Recognizes Saudi Arabia as Strategic Partner in Shaping Global Digital Future
The ITU has recognized Saudi Arabia as a key strategic partner in shaping a sustainable global digital future, highlighting its regulatory and infrastructure achievements.
Genesis Wallan Partnership with Al Hilal Club Extended for Five Years
Wallan Trading Company has extended its strategic partnership with Al Hilal Club for five years, providing 35 luxury Genesis vehicles to players and staff.
Huawei Introduces GigaUplink and AI-Optical Solutions at MWC Shanghai 2026
Huawei launched its new GigaUplink solution and 10 AI-Optical Network products at MWC Shanghai 2026 to meet the connectivity demands of the AI era.
US Government Restricts OpenAI’s GPT-5.6 Launch Under Strict Federal Oversight
The US government has intervened to restrict OpenAI’s GPT-5.6 launch, forcing a limited partner preview under strict federal oversight.
stc group Achieves AA MSCI ESG Rating and 50.69% Local Content Score
stc group has released its 2025 Sustainability Report, highlighting an upgraded AA MSCI ESG rating and a 50.69% local content score.
Valvoline Arabia Commences Commercial Operations in Saudi Arabia
Valvoline Arabia has officially launched its commercial operations in Saudi Arabia, establishing a regional headquarters in Jeddah to serve the Middle East and Africa.
Floward Scales Customer Support with Infobip AgentOS Integration
Floward has deployed Infobip AgentOS to manage seasonal customer service spikes, reducing operational costs by 15% while handling 13x peak conversation volumes.
Anthropic Accuses Alibaba of Massive Distillation Attack on Claude AI
Anthropic has accused Alibaba of executing the largest known distillation attack on its Claude AI model, generating millions of unauthorized exchanges.
OpenRouter MCP: Live Model Intelligence for AI Agents
OpenRouter MCP brings live model intelligence to AI agents, enabling real-time pricing, routing, and selection across 400+ models.
Notion External Agents Turn Workspace Into AI Collaboration Hub
Notion External Agents bring Claude and Cursor directly into your workspace as assignable team members to automate tasks.
GLM 5.2 Achieves Record-Breaking Open-Weight Scores on ARC-AGI Benchmarks
GLM 5.2 has set a new record for open-weight models on the ARC-AGI benchmarks, delivering high-level reasoning at a fraction of the cost of proprietary systems.
Qualcomm Acquires Modular to Build Silicon-Agnostic AI Software
Qualcomm acquires Modular for $3.92 billion to build a silicon-agnostic compute layer, aiming to challenge Nvidia’s AI dominance.
DHL Express AI Tool Launches for International Shipping
DHL Express has introduced a new computer vision tool in eight initial markets, including the UAE, to automate customs descriptions from photos.