Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Athar Awards 2026 Restructures Recognition Framework and Expands Jury Panel
The Athar Awards 2026 has opened submissions with a new points-based system, expanded entry pathways, and a panel of over 80 industry experts.
Cyber Resilience in KSA Strengthened by Healthy IT Habits
A Kaspersky survey reveals that 14% of Saudi employees make IT mistakes due to digital fatigue, highlighting the need for better digital habits.
TGA Signs MoU with Hyundai and Kia to Expand Future Mobility Solutions
The Transport General Authority signed an MoU with Hyundai and Kia to develop future mobility solutions and smart city technologies in Saudi Arabia.
Dr. Al-Sayel Elected Co-Chair of UN-GGIM Committee
Dr. Mohammed bin Yahya Al-Sayel has been elected Co-Chair of the UN Committee of Experts on Global Geospatial Information Management in New York.
Tuwaiq Academy Launches AI Innovation Center with NVIDIA
Tuwaiq Academy has partnered with NVIDIA to launch the Middle East’s first AI Innovation Center in Riyadh, focusing on natural language processing and emerging technologies.
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Motor Mania GT Joins Aramco F4 Saudi Arabian Championship Support Calendar
ALTAWKILAT Motorsport has launched Motor Mania GT, a new regional support series for the Aramco F4 Saudi Arabian Championship featuring a 12-car grid.
Data Breach Cost in Saudi Arabia Reaches SAR 27 Million in 2026
The average data breach cost in Saudi Arabia reached SAR 27 million in 2026, with financial services facing the highest expenses.
Wallan Trading Opens New Genesis Service Center in North Riyadh
Wallan Trading has opened a new Genesis Service Center in North Riyadh, featuring nine service bays and extended operating hours to support luxury vehicle owners.
HaxUnit and Liplyn Partner to Strengthen Cyber Resilience in the Gulf
HaxUnit and Liplyn Information Group have partnered to deliver continuous external attack-surface monitoring and structured ISO 27001 reporting across the Gulf region.
Mannai Information Technology Opens New Riyadh Headquarters to Support Digital Economy
Mannai Information Technology Saudi Arabia has established its new regional headquarters in Riyadh to support local digital transformation and cybersecurity initiatives.
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
Nissan Announces Q1 FY2026 Financial Results and Returns to Profitability
Nissan Motor Co. announced its Q1 FY2026 financial results, reporting a return to profitability with net revenue reaching ¥2.964 trillion.
LG Electronics Reports Record Q2 Revenue and 147 Percent Profit Surge
LG Electronics achieved record second-quarter revenue of KRW 23.83 trillion and a 147 percent surge in operating profit for Q2 2026.
My Syria App Launches as Country’s First Tourism Super App
The My Syria app has officially launched as the country’s first digital tourism super app, enabling cross-border payments with Apple Pay and international cards.
Knowledge Economic City Signs LOI for SAR 7.5 Billion Real Estate Fund
Knowledge Economic City has signed a letter of intent to establish a SAR 7.5 billion fund for the Knowledge Gardens mixed-use project in Madinah.
SEVEN Abha Entertainment Destination Opens in Aseer
Saudi Entertainment Ventures has announced the opening of its first entertainment destination in the Aseer region, scheduled for August 5, 2026.
Arriyadh Roaster Adopts Plex Manufacturing Platform for Coffee Production
Arriyadh Roaster has adopted Rockwell Automation’s Plex platform to digitize its coffee production and improve operational visibility across Saudi Arabia.
9Z Globant Joins Elite Global Network as Official Esports Foundation Partner
9Z Globant has officially joined the Esports Foundation partner program, securing its place among 40 elite global organizations and qualifying for the Esports World Cup 2026.
BHM Capital Launches New AI and Consulting Department
BHM Capital has established a new Consulting & AI-Enablement Department to provide specialized artificial intelligence advisory services to corporate and government clients.
Changan Automobile Named to Kantar BrandZ Top 50 Chinese Global Brand Builders
Changan Automobile has been named to the Kantar BrandZ Top 50 Chinese Global Brand Builders for the third consecutive year, rising into the top 10 auto brands.
ALTAWKILAT Universal Motors Expands Chevrolet Captiva PHEV Presence in Saudi Arabia
ALTAWKILAT Universal Motors has launched interactive campaigns and test drives across Saudi Arabia to showcase the new Chevrolet Captiva PHEV hybrid SUV.
KONE Enhances Customer Support Operations with Upgraded Jeddah Center
KONE has officially inaugurated its enhanced Customer Service Center in Jeddah, offering 24/7 bilingual support and targeting 20-second call response times.
LG Launches Multi V i VRF System in Saudi Arabia
LG and Shaker Group have launched the Multi V i VRF system in Saudi Arabia, introducing AI-powered climate control optimized for extreme heat.