Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Saudi Tourism Authority and Mastercard Partner to Drive Tourism Growth
The Saudi Tourism Authority and Mastercard have signed an agreement to boost tourism using data analytics and curated cultural experiences.
SAL Completes Acquisition of Aviapartner Liège for SAR 120 Million
SAL Logistics Services Company has finalized its 100% acquisition of Aviapartner Liège SA for SAR 120 million, marking its first international expansion.
Salam Obtains NCA Managed Security Operations License
Salam has secured a five-year Tier 2 license from the National Cybersecurity Authority to provide Managed Security Operations Center services in Saudi Arabia.
Knowledge Economic City Signs SAR 91 Million Infrastructure Contract
Knowledge Economic City has signed a SAR 91 million contract with SALCO to develop the infrastructure of its Southeastern District over 24 months.
Jazeera Paints Sponsors Aseer Draws Art Initiative in Abha
Jazeera Paints sponsored the Aseer Draws event in Abha, where over 1,000 artists created a collaborative portrait of the Crown Prince.
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Music Commission Partners with Jazz in Jeddah Platform
The Music Commission has announced a strategic partnership with the Jazz in Jeddah platform to support local talent and boost the cultural music economy.
IBM Report: Cost of Data Breaches in Middle East Reaches $8 Million
A new IBM study reveals that the average cost of data breaches in the Middle East has reached $8 million, with AI-powered attacks on the rise.
Coursera strategic investment of $100 Million in LearnVector to Advance AI Learning
Coursera has announced a $100 million strategic investment in LearnVector, a new AI-native learning company founded by Andrew Ng.
W Capital Receives Top Sales Agency Award from Reef Developments
W Capital Real Estate Brokerage has been awarded the Top Sales Agency title by Reef Developments for its outstanding sales performance in Dubai.
KniTT Launches Elysium Private Cloud Platform to Address Geopolitical Risks
KniTT has launched Elysium, an AI-powered private cloud platform designed to secure data sovereignty and mitigate geopolitical risks in the Middle East.
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
Saudi Arabia Mandates AI in Education Across General Schools
Saudi Arabia has integrated AI in education as a mandatory subject for over six million students, supported by extensive teacher training programs.
Meta Launches Dedicated Sellers App for Marketplace
Meta has introduced a standalone Sellers app for Facebook Marketplace, featuring AI-powered listing tools and unified messaging for merchants.
GCG Enterprise Solutions Expands Enterprise AV Portfolio with Crestron Partnership
GCG Enterprise Solutions has partnered with Crestron to expand its enterprise AV portfolio, bringing advanced AV-over-IP and smart building technologies to the GCC region.
China Warns of Retaliation Over Proposed US AI Sanctions
China has warned of necessary measures to protect its interests following US threats of sanctions against Chinese AI companies over model distillation allegations.
Global Governments Agree on Unified 6G Development Timeline
More than 20 nations have committed to a unified 6G development timeline to align research and establish secure communication channels within the next year.
Air Cargo AI: How Human Expertise Shapes the Automated Workplace
Logistics companies are integrating AI systems to manage volatile schedules and capacity shifts while preserving essential human decision-making.
stc group Reports 40.1 Billion SAR Revenue for First Half of 2026
stc group reported a record revenue of 40.11 billion SAR for the first half of 2026, representing a 3.8% growth compared to the previous year.
Liplyn Academy Launches in Dubai to Train Regional Organizations on AI Search
Liplyn Academy has launched in Dubai to provide training in AI Search Visibility, Vibe Coding, and Agentic AI for regional organizations.
Uptime Institute 2026 Survey Highlights Rising Rack Densities and Staffing Pressures
The 16th annual Uptime Institute survey highlights critical workforce shortages, rising outage costs, and increasing rack densities across global data centers.
DP World Opens First Multi-Client Warehouse in Riyadh
DP World has launched its first multi-client third-party logistics warehouse in Riyadh, expanding storage and distribution capacity for Saudi Arabia’s growing sectors.
On-Site Solar to Power 35% of Saudi Mega-Projects
A new BCG report shows that Saudi Arabia’s mega-projects can generate up to 35% of their electricity on-site, reducing costs and supporting Vision 2030 targets.
Saadia Zahidi Appointed as First Female IATA Director General
Saadia Zahidi has been appointed as the ninth Director General of IATA, becoming the first woman to lead the global airline association starting November 2026.