Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
AlUla App Launched by Royal Commission for AlUla
The Royal Commission for AlUla has launched its new digital platform to centralize municipal services, tourism information, and investment opportunities.
Middle East M&A Activity Reaches 272 Deals in H1 2026
Middle East M&A activity reached 272 transactions in H1 2026, with Saudi Arabia and the UAE accounting for 65% of the total regional deal volume.
Zain Saudi Arabia Reports 5.3 Billion Riyals Revenue for H1 2026
Zain Saudi Arabia announced its H1 2026 financial results, recording 5.3 billion riyals in revenue and an 84 percent increase in net profit.
SADAFCO Q2 2026 Financial Results Show Revenue Growth
SADAFCO reported a 1.7% quarter-on-quarter revenue growth to SAR 750 million for Q2 2026, supported by strong sales and market leadership.
Wallan Trading Company Receives Legacy Partner Award at Hyundai Partners Summit 2026
Wallan Trading Company has been honored with the Legacy Partner award at the Hyundai Partners Summit 2026 in Boston, recognizing over 40 years of partnership.
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Hassan Allam Joint Venture Signs SAR 2.7 Billion Waldorf Astoria Project in Diriyah
Hassan Allam Construction Saudi and UCC Saudi have signed a SAR 2.7 billion contract to build the Waldorf Astoria super block in Diriyah.
Desert Technologies Receives Two International Clean Energy Awards
Desert Technologies has secured two international awards from The Global Economics, recognizing its rapid growth and leadership in clean energy.
Google AI Overviews Now Appear in 43% of Global Searches
New data shows Google AI Overviews are rapidly becoming the default search experience, appearing in 43% of queries globally.
Mobily Enters Preliminary Discussions with Tawal Over Tower Infrastructure Acquisition
Mobily has commenced preliminary discussions with Saudi tower operator Tawal regarding a potential acquisition of its telecom tower infrastructure.
Fipera Launches neofashion.ai Self-Serve Platform for Fashion Brands
Fipera has launched neofashion.ai, a self-serve AI photography platform allowing fashion brands to generate studio-quality product images directly from their catalogs.
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
Ford Mustang Mach-E Electric SUV Arrives in Saudi Arabia
The all-electric Ford Mustang Mach-E has officially arrived at Mohamed Yousuf Naghi Motors showrooms in Saudi Arabia, offering up to 480 hp.
Al Masaood Automobiles Achieves Record Score in Nissan Global Assessment
Al Masaood Automobiles achieved a record 96.8% score in the latest Nissan global assessment, with two key facilities earning perfect scores.
Riyadh Air Hafawa Lounge Completed at King Khalid International Airport
ACCIONA Cultura has completed the 2,000-square-meter Hafawa Lounge for Riyadh Air at King Khalid International Airport, designed to meet LEED Gold standards.
Anthropic Opus 5 Released as a Strategic Step Down in AI Capability
Anthropic has launched its new Opus 5 model, representing a strategic step backward in capability to optimize high operational serving costs.
Saudi Arabia Ranks First in MENA for Digital Government Services
Saudi Arabia has maintained its top ranking in the MENA region for digital government services for the fourth consecutive year, scoring 99 percent on the 2025 GEMS index.
Vertiv Expands Manufacturing and Testing Capacity at Tognana Campus in Italy
Vertiv has announced plans to double its chiller production capacity at the Tognana campus by 2026 and build a new testing laboratory by 2027.
IBM Lowers 2026 Revenue Growth Target Amid Enterprise Shift to AI Infrastructure
IBM has adjusted its 2026 revenue growth forecast to 4-5% as enterprise clients prioritize investments in artificial intelligence infrastructure over traditional software.
Ministry of Municipalities and Housing Launches Over 70 Services on Tawakkalna
The Ministry of Municipalities and Housing has integrated over 70 digital services into the Tawakkalna application, streamlining municipal and real estate procedures.
Saudi Internet Report 2025 Reveals Key Digital Growth Indicators
The Saudi Internet Report 2025 highlights key digital indicators, showing that AI adoption in Saudi Arabia has reached 45.2% while mobile data usage is three times the global average.
DP World Indus Makes Maiden Call at Jeddah Islamic Port
The newly acquired container vessel DP World Indus has completed its maiden call at Jeddah’s South Container Terminal, expanding regional maritime connectivity.
Saudi Arabia Integrates AI Literacy into National Strategy to Support Vision 2030 Goals
Saudi Arabia is embedding AI literacy into its national strategy to support economic growth and Vision 2030 goals, according to a new report by Coursera.
Origen and RoboSense Partner to Deploy Embodied Intelligence
Origen and RoboSense have formed a strategic partnership at WAIC to accelerate the deployment of embodied intelligence across the Middle East.