Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Four Points by Sheraton Riyadh Wins Marriott’s 2026 EMEA New Hotel Opening Award
Four Points by Sheraton Riyadh has won the 2026 EMEA New Hotel Opening Award from Marriott International, recognizing its operational excellence.
ByteDance Develops Ten Trillion Parameter AI Model to Rival Mythos
ByteDance is reportedly training a new AI model with 10 trillion parameters, aiming to surpass Anthropic’s Mythos system and domestic Chinese competitors.
SDAIA Launches Ibram Platform for Secure Government Digital Signatures
SDAIA has launched the Ibram platform to enable secure digital signatures and seals for over 87 Saudi government entities.
IBS Expands Digital Transaction Footprint Across Middle East
Infinite Business Solutions expands its digital transaction footprint across ten countries, with Saudi Arabia serving as its largest regional market.
OMODA & JAECOO Reports 150 Percent Global Sales Growth in July 2026
OMODA & JAECOO recorded 69,739 vehicle sales in July 2026, representing a 150% year-on-year increase and marking its seventh consecutive month of triple-digit growth.
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Mastercard Appoints Yasemin Bedir as EEMEA President
Mastercard has appointed Yasemin Bedir as the new President for its Eastern Europe, Middle East, and Africa region, effective September 1, 2026.
MENA M&A Deals Reach $46.7 Billion in H1 2026
A new EY report shows MENA M&A deals reached $46.7 billion in H1 2026, driven by strong domestic transactions and sovereign wealth fund activity.
Rasan Financial Results: Revenue Reaches SAR 517 Million
Rasan Information Technology Company reported a 111% year-on-year revenue increase to SAR 517 million for the first half of 2026.
MEPRA Qatar Leadership Majlis 2026 to Convene in Doha to Discuss the New Architecture of Influence
The 2026 MEPRA Qatar Leadership Majlis will convene in Doha on September 10 to discuss the changing dynamics of trust, AI integration, and regional communications.
Saudi Arabia Integrates AI Literacy into National Strategy for Vision 2030
Saudi Arabia is embedding AI literacy into its national strategy to support economic growth and workforce upskilling under Vision 2030.
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
NHU-Riyadh Campus Takes Shape at Misk City Ahead of Fall Launch
The new NHU-Riyadh campus is undergoing construction at Misk City in Riyadh, preparing to welcome its first cohort of business students this fall.
Changan Automobile Showcases New Energy Vehicles at FILDA 2026 in Angola
Changan Automobile presented its latest new energy vehicle lineup at the 41st Luanda International Fair, reinforcing its long-term expansion strategy in the African market.
GAZOO Racing Secures Historic 1-2-3 Podium Sweep at Rally Finland
GAZOO Racing secured a historic 1-2-3 podium sweep at Rally Finland, with Sami Pajari taking his second consecutive WRC victory.
Wisewell Launches Sparkle Countertop Water Purification System
Wisewell has launched Sparkle, a countertop water purification system that dispenses still and sparkling water at three temperatures with real-time quality tracking.
FMCG Brand Choices: Saudi Consumers Favor Local Brands
The Brand Footprint 2026 report reveals that local brands account for 73% of consumer choices in Saudi Arabia, with Almarai leading and Kinza showing rapid growth.
Sandisk Showcases NAND Storage Innovations for AI Inference at FMS 2026
Sandisk presented its latest NAND flash innovations and HBF technology at FMS 2026, addressing the growing storage demands of AI inference workloads.
Five Common Mistakes Organisations Make When Scaling AI
Middle East organisations face significant challenges when scaling AI. Discover the five common data mistakes businesses make and how to avoid them.
LG Electronics Earns NVIDIA Validation for Coolant Distribution Unit
LG Electronics has secured official NVIDIA certification for its 600kW coolant distribution unit, validating its thermal management technology for AI infrastructure.
ADMC Highlights the All-New HAVAL V7 Series in Saudi Arabia
ADMC has highlighted the all-new HAVAL V7 Series in Saudi Arabia, offering the vehicle with a 0% down payment and 0% profit margin promotion.
Saudi Makes Future Exhibition Opens Registration for Inaugural Riyadh Edition
The inaugural Saudi Makes Future exhibition has opened registration for technology companies to showcase practical AI applications in Riyadh this December.
Apparel Group and KEC Partner for Multaqa AlMadinah Mall Retail Expansion
Apparel Group has partnered with Knowledge Economic City to bring 24 international brands to Multaqa AlMadinah Mall, including ten making their debut in Madinah.
Golf Saudi Partners with Muslim Golf Association to Introduce 280 Women to Golf in London
Golf Saudi partnered with the Muslim Golf Association to introduce 280 girls and women to golf during the PIF London Championship.