Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Intersec Saudi Arabia Establishes Advisory Committees for 2026 Summits
Intersec Saudi Arabia has announced the formation of its advisory committees for the Future Security and Fire Protection summits in Riyadh.
Kaiterra Opens Riyadh Office to Support Saudi Vision 2030 Projects
Kaiterra has opened a dedicated office in Riyadh following a 300% revenue growth in Q1 2026, aiming to support Saudi Arabia’s $1.3 trillion Vision 2030 projects.
SniperDz Phishing Platform Dismantled in Coordinated Global Operation
A coordinated international operation has dismantled the SniperDz phishing platform, leading to the arrest of its developer in Algeria.
Liberty Galati Auction Opens Access to Southeast Europe’s Largest Steel Plant for GCC Capital
The court-approved auction for Romania’s largest steel plant opens on June 19, 2026, offering GCC investors a strategic entry into the European industrial market.
Saudi Makes Future Promotes Riyadh as Global AI Hub at WMF 2026
Saudi Makes Future participates in WMF 2026 in Italy to promote Riyadh as a global hub for artificial intelligence and attract international investors.
Saudi Arabia Leads Global Growth in AI Skills Training
Saudi Arabia leads global growth in AI skills training, with 99% of employers adopting skills-based hiring according to Coursera.
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Saudi Arabia Government ICT Spending Reached 31.9 Billion SAR in 2025
Saudi Arabia’s government spending on ICT services reached 31.90 billion SAR in 2025, driven by major investments in cloud computing and artificial intelligence.
Sakana AI Launches Sakana Marlin Autonomous Research Tool for Enterprise Strategy
Sakana AI has launched Sakana Marlin, an autonomous research tool that runs for eight hours to generate detailed business strategy reports.
Digital Cooperation Organization Launches Global Expert Community to Drive Digital Collaboration
The Digital Cooperation Organization has launched a new global platform to mobilize expertise and support international digital initiatives.
Almajdouie Motors Concludes Third Edition of Changan National Skills Competition in Al-Khobar
Almajdouie Motors has successfully concluded the third edition of the Changan National Skills Competition 2026 in Al-Khobar, evaluating employees across four key service categories.
SDAIA Launches New AI Training Initiative Targeting 20,000 Graduates by 2027
SDAIA has announced a new initiative to train 20,000 graduates in artificial intelligence by 2027, offering specialized tracks in partnership with local universities.
Beltone Asset Management and Telda Partner to Expand Digital Investing Access in Egypt
Beltone Asset Management and Telda have partnered to offer commission-free mutual funds directly through Telda’s mobile application in Egypt.
SDAIA training programs Reach Over 1.5 Million Beneficiaries
SDAIA training programs have successfully reached over 1.5 million citizens in Saudi Arabia, boosting national capabilities in data and artificial intelligence.
US Restrictions on Anthropic Trigger Rapid AI Releases in China
The US government’s global shutdown of Anthropic’s Fable 5 model has prompted Chinese competitors to release high-performing open-weight alternatives.
Bold Influence and MAZ NEXA Sign Strategic Digital and Communications MoU
Bold Influence and MAZ NEXA have signed a strategic MoU in Riyadh to deliver integrated communications and digital transformation services.
SDAIA and World Bank Conclude International Data Policy Program in Europe
SDAIA and the World Bank have concluded a bilateral international program in Belgium and Germany to study global data governance and digital policy frameworks.
FREELANDER 8 Makes First Public Appearance in Shanghai Ahead of Abu Dhabi Launch
The FREELANDER 8 made its first public appearance in Shanghai ahead of its official Middle East brand launch in Abu Dhabi.
Visa Connects Payment Network to ChatGPT for Autonomous Retail Transactions
Visa has linked its payment rails to ChatGPT, allowing autonomous AI agents to find products and complete checkouts without human intervention.
GSMA Urges EU Regulatory Alignment to Support Mobile Infrastructure Investment
A new GSMA report reveals the mobile sector contributed €1.2 trillion to the EU GDP in 2025, while warning of a €270 billion funding gap.
SpaceX Raises $75 Billion in Historic Public Listing
SpaceX has raised $75 billion in its historic public listing, pricing shares at $135 each and surpassing Saudi Aramco’s previous record.
Anthropic Fable 5 Suspended Globally Following US Export Control Directive
Anthropic has suspended access to Fable 5 and Mythos 5 globally following a US government export control directive restricting foreign national access.
DXC Anthropic Partnership to Deploy Claude in Enterprise Systems
DXC Technology and Anthropic have formed a multi-year global alliance to deploy Claude AI models into mission-critical enterprise systems.