Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
IHS Towers Releases 2025 Sustainability Report Detailing Carbon Reductions and Community Investments
IHS Towers has published its 2025 Sustainability Report, highlighting a 21.4% reduction in emissions intensity and $8.2 million in community investments.
Qiddiya City and MPL MENA Sign Five-Year Esports Deal
Qiddiya City has signed a five-year partnership with MPL MENA to accelerate regional esports growth following a record-breaking Season 9 Grand Finals in Cairo.
Meta Launches New Paid Subscription Tiers for Instagram, Facebook, and WhatsApp
Meta has introduced new paid subscription tiers for Instagram, Facebook, and WhatsApp, offering exclusive features starting at $2.99 per month.
Huawei Launches Intelligent Substation Solution for Sub-Saharan Africa
Huawei has launched its new Intelligent Substation Solution at Enlit Africa 2026 to accelerate digital transformation and reduce operational costs.
Reactor AI Platform Emerges from Stealth with $59 Million Funding
Reactor has emerged from stealth with $59 million in funding to build real-time World Model infrastructure for global developers.
AI Investment ROI Faces Sustainability Challenges
Financial Times data reveals negative AI investment returns for major tech firms, raising concerns over the sustainability of current hyperscaler valuations.
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Telus Digital Report Exposes Significant Security Vulnerabilities Across Generative AI Models
A new Telus Digital report reveals that every major generative AI model can be coaxed into unsafe behavior, leaving enterprises underprepared.
Global Economic Outlook Weakens Amid Geopolitical Tensions and Inflation Fears
The latest World Economic Forum survey shows a sharp decline in global growth expectations, driven by geopolitical tensions and supply chain disruptions.
stc Network Traffic Records 44 Percent Increase on First Day of Eid Al-Adha
stc group recorded a 44% increase in peak data traffic and a 60% rise in 5G traffic on the first day of Eid Al-Adha in Makkah.
Abacus AI Launches Agent Swarms for Multi-Agent Orchestration Across Major Models
Abacus AI has launched Agent Swarms, a multi-agent orchestration system that coordinates specialized sub-agents across GPT 5.5, Claude Opus 4.7, and Gemini 3.5.
Mistral AI Launches New Industrial Engineering Software Stack
Mistral AI has launched a new software stack for industrial engineering, partnering with Airbus, BMW Group, and ASML to optimize design and simulation.
Busworld Southeast Asia 2026 Concludes in Jakarta Highlighting Electric Transit
The fourth edition of Busworld Southeast Asia 2026 concluded in Jakarta, showcasing 25 advanced vehicles and highlighting the rapid shift toward electric transit.
Xiaomi Permanently Reduces MiMo API Pricing by Up to 99 Percent
Xiaomi has permanently reduced its MiMo-V2.5 Series API pricing by up to 99% and upgraded its token plans to offer more value to developers.
Ferrari Luce All-Electric Sports Car Unveiled in Rome
Ferrari has unveiled the Ferrari Luce in Rome, marking its first all-electric sports car developed in collaboration with LoveFrom.
Cybersecurity Fostering Program Launched for Hajj 1447 AH
The National Cybersecurity Authority has launched a specialized program to secure digital systems and services for over 300 entities during Hajj 1447 AH.
Al Masaood Automobiles Launches Summer Campaign with Free Fuel Offer on Nissan Models
Al Masaood Automobiles introduces a summer promotion offering up to three years of free fuel on select Nissan models in Abu Dhabi.
Big Tech and AI Companies Earn Up to $160,000 per User Over a Lifetime, Report Finds
A new report by Web3 Foundation reveals that Big Tech and AI companies earn up to $160,000 from each internet user over their lifetime.
MBSC Al Sulaiman Partnership to Advance Experiential Learning
MBSC and Al Sulaiman Foundation have signed an MoU to enhance student development, executive education, and experiential learning in Saudi Arabia.
Absher Platform Records Over 16.5 Million Transactions in April 2026
The Absher platform processed over 16.5 million transactions in April 2026, highlighting a strong shift toward digital public services.
Mercedes-AMG GT Coupé Electric Sports Car Revealed with 1,169 HP
The new Mercedes-AMG GT Coupé has been revealed with up to 1,169 horsepower and advanced axial flux motor technology.
Globant Powers New Connected Race Experience for Formula 1 Fans
Globant has launched a new race experience module within the official F1 app to centralize real-time scheduling and personalized wayfinding.
EDECS and Assarain Group Awarded EZAD Dry Port Contract in Oman
EDECS and Assarain Group have secured the contract to construct the EZAD Dry Port and veterinary quarantine in Oman’s Al Dhahirah Governorate.