Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
PRYPCO Mint Launches Digital Gold Investing Service
PRYPCO Mint has announced the launch of its new digital gold investing service, allowing users to trade physical gold starting from 100 AED.
Dragon’s Dogma 2: Dark Arisen Expansion Set for October Launch
Capcom has announced that Dragon’s Dogma 2: Dark Arisen will launch on October 9, 2026, bringing a new expansion and a Nintendo Switch 2 release.
KAUST Researchers Develop Self-Cleaning Solar Panel Coating
Researchers at KAUST have developed a new self-cleaning coating for solar panels that also harvests atmospheric moisture to irrigate crops.
Ministry of Interior to Organize Global Security Summit in Riyadh
The Ministry of Interior will host the Global Security Summit in Riyadh this December, featuring specialized workshops and the SAIIF innovation competition.
Digital Cooperation Organization Launches Global Expert Community to Drive Digital Growth
The Digital Cooperation Organization has launched the Global Expert Community in Riyadh to mobilize global expertise and support digital initiatives.
Saudi Arabia Joins Global Partnership on AI as First Arab Member State
Saudi Arabia has officially joined the Global Partnership on AI, becoming the first Arab nation to gain membership in the international initiative.
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Riyadh Air Opens New Technology Hub in KAFD Creating 300 Jobs
Riyadh Air has opened its new technology hub in KAFD, creating 300 specialized jobs in digital operations, AI, and aviation analytics.
Wallan Trading Opens First Dedicated Genesis Certified Showroom in Riyadh
Wallan Trading Company has inaugurated its first dedicated showroom for Genesis Certified vehicles in Riyadh, spanning 340 square meters.
Max Fashion Deploys Google Cloud AI for Virtual Fitting in the UAE
Max Fashion has integrated Google Cloud’s Virtual Try-On API in the UAE to offer customers realistic visual previews of clothing fit.
Saudi Water Authority Announces Return of IDWS 2026 to Jeddah
The Saudi Water Authority has announced the return of the IDWS 2026 conference to Jeddah, focusing on water sustainability, governance, and financial partnerships.
Mastercard Launches Agent Pay for Machines for AI Commerce
Mastercard has launched a new service to enable secure, programmatic microtransactions between autonomous AI agents across its global network.
Wego Reports 173 Percent Increase in UAE Travel Searches During May
Wego data reveals a 173% month-on-month surge in UAE travel searches during May 2026 as travelers secure bookings ahead of summer price increases.
Unifonic Acquires Segmentify to Expand AI Customer Engagement
Unifonic has acquired Segmentify to integrate real-time AI personalization and expand its customer engagement platform across the MENA region.
Oliver Rowland Completes First Test of New Formula E GEN4 Car
Nissan Formula E Team driver Oliver Rowland completed his first test of the new GEN4 car, sharing his thoughts on the vehicle’s performance upgrades.
PMI Report Reveals 81% of Professionals Face Rising Project Complexity
A new PMI report reveals that 81% of project professionals face rising complexity, with successful teams being five times more likely to deliver projects effectively.
TikTok Community Fest Returns for 2026 with Creator Academy
The TikTok Community Fest returns on June 11, 2026, featuring the new Creator Academy and interactive in-app missions for global creators.
Deloitte Middle East Launches Tax Operate Service to Modernize Compliance
Deloitte Middle East has launched its Tax Operate service to help regional organizations manage complex tax compliance and modernize their operations.
China’s $295 Billion AI Infrastructure Plan Faces Severe Chip Gap
China plans to spend $295 billion on a nationwide AI data center network, but US export controls on advanced chips present a major hurdle.
RIKAZ Partners with SNB Capital to Launch Education Investment Fund
RIKAZ has partnered with SNB Capital, AlMajdiah, and First Avenue to establish a new fund focused on developing educational facilities across Saudi Arabia.
Saudi Arabia’s Draft Global AI Hub Law to Reshape Data Infrastructure
Saudi Arabia’s draft Global AI Hub Law introduces a novel framework for multi-jurisdictional data hosting, balancing national sovereignty with international data exchange.
Analysis Suggests AI Coding Costs May Heavily Exceed Current Revenues
A recent analysis indicates that Anthropic and OpenAI may be spending ten times more on compute infrastructure than they charge for coding tools.
Saudi Arabia and Turkey Discuss Digital Infrastructure and Smart Mobility Partnerships
Saudi Arabia and Turkey held bilateral talks in Riyadh to discuss expanding investments in digital infrastructure, artificial intelligence, and smart mobility.