Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Barq and Riyadh Air Partner to Develop Digital Payment Infrastructure
Barq and Riyadh Air have signed a strategic partnership to develop a secure and scalable digital payments platform, enhancing the airline’s financial infrastructure.
SILQ Secures $100 Million to Expand Embedded Finance Platform
SILQ has secured $100 million in financing from regional and international investors to expand its Fina embedded finance platform for SMEs.
PIF-Led Consortium Completes Acquisition of Electronic Arts
A consortium led by Saudi Arabia’s Public Investment Fund has completed the acquisition of Electronic Arts, delisting the publisher from NASDAQ.
Majority of Saudi E-Commerce Stores Fail to Meet Data Protection Standards, Study Finds
A King Abdulaziz University study reveals that 60% of top-ranked Saudi e-commerce stores fail to meet personal data protection requirements.
CST Mandates Prior Written Approval for Telecom Senior Management Appointments
CST has mandated that licensed telecom operators must obtain prior written approval before appointing senior management, with interim roles capped at 180 days.
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Consortium Agrees to Strategic Investment in CRTS Global
A consortium including TAEF and Zamil Group has agreed to make a strategic minority investment in CRTS Global to accelerate its regional and global growth.
SAL Becomes First Saudi Company to Obtain IATA SeMS Certification
SAL Logistics Services has become the first Saudi company to receive the IATA SeMS Level 1 certification for cargo security.
SEVEN ABHA Welcomes Visitors Following Opening Festival
SEVEN ABHA continues to welcome visitors following its successful five-day opening festival, offering Formula E Karting, bowling, and cinemas.
Almajdouie Changan Launches Youth Initiative in Saudi Arabia
Almajdouie Changan has partnered with LYNX STEM Racing Team to launch the ‘خلك مبدع’ initiative, supporting young Saudi entrepreneurs and showcasing local talents.
Money20/20 Middle East Returns to Riyadh in September 2026
Money20/20 Middle East returns to Riyadh from September 14 to 16, 2026, bringing together over 38,000 financial leaders and regulators.
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
Kyndryl Launches Agentic Modernization Services-as-Software via Kyndryl Bridge
Kyndryl has launched its new Agentic Modernization services-as-software, designed to automate enterprise technology updates through Kyndryl Bridge.
Globant Launches Glob.AI to Redefine Enterprise Technology Services
Globant has launched Glob.AI, a new tech services model utilizing AI Pods and outcome-based pricing to improve enterprise software development productivity.
AI Infrastructure Spending Projected to Reach 1.6 Trillion USD by 2031
Annual AI infrastructure spending is projected to reach 1.6 trillion USD by 2031, driving demand for advanced femtosecond lasers in hardware manufacturing.
CHERY Saudi Arabia Outlines Direct Operations and Expansion Strategy in Riyadh
CHERY Saudi Arabia hosted a media briefing in Riyadh to announce direct management of its operations and outline its local expansion strategy.
Riyadh to Host Fourth UNESCO Global Forum on AI Ethics in September
Riyadh will host the fourth UNESCO Global Forum on the Ethics of Artificial Intelligence from September 14 to 17, 2026, bringing together global tech leaders.
PMI and Sobha Group Partner to Enhance Project Management Capabilities
The Project Management Institute and Sobha Group have signed an MoU to strengthen project management capabilities and professional development.
LG Electronics Expands Commercial Air Care Business Across Asia
LG Electronics expands its commercial air care business in Asia, securing major supply contracts in Taiwan and Thailand to meet growing demand.
Cyber Resilience Becomes Critical Priority for Manufacturing Sector
A joint report by Kaspersky and VDC Strategy reveals that 60% of manufacturers expect to achieve full digitalization within two years, making cyber security a business priority.
The Space 14 Estate Launches New Warehousing Project in Dubai Investments Park 2
The Space 14 Estate has launched a new warehousing project in Dubai Investments Park 2, offering 14 flexible units scheduled for completion in September 2027.
Cisco Outlines Need for New AI Cyber Defense Playbook as Threat Windows Shrink
Cisco urges organizations to adopt continuous security models as artificial intelligence reduces the time attackers need to exploit software vulnerabilities.
AliExpress Launches Back-to-School Campaign in Saudi Arabia
AliExpress has launched its seasonal campaign in Saudi Arabia, offering technology, home, and automotive products from August 17 to 26.
Cultural Development Fund Launches AI Incentives for Cultural Projects
The Cultural Development Fund has launched a new funding track offering up to SAR500,000 for cultural projects adopting artificial intelligence.