Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Humain and Accenture Partner to Accelerate AI Adoption in Saudi Arabia
Humain and Accenture have partnered to accelerate artificial intelligence adoption across Saudi Arabian government and enterprise sectors, spanning from pilot to production.
SDAIA Outlines National Data Quality Guidelines for AI Readiness
SDAIA has introduced a structured five-phase framework to improve data quality across Saudi organizations, supporting digital transformation and AI readiness.
AMD Begins Production of Venice EPYC Processors on TSMC 2nm Node
AMD has started production of its 6th Gen EPYC Venice processors on TSMC’s 2nm node, targeting advanced AI workloads and high-performance computing.
AMD AI Infrastructure Investments Top $10B in Taiwan
AMD announces more than $10 billion in Taiwan ecosystem investments to accelerate AI infrastructure, including EFB packaging and Helios platform.
Former Apple Designer Abidur Chowdhury Joins Hark AI Startup
Former Apple designer Abidur Chowdhury has joined AI startup Hark as head of design, leading a team of engineers recruited from Google and Meta.
Anthropic in Early Talks to Rent Microsoft AI Chips, Nears Profitability
Anthropic is in early talks to rent Microsoft’s custom AI chips, aiming to boost computing capacity for its Claude models. The startup also projects its first profitable quarter with $10.9B revenue.
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VinFast Aftersales Ecosystem Drives Global Expansion into Middle East
VinFast’s aftersales ecosystem is driving global growth as the EV maker expands into the Middle East with the VF 8 and comprehensive warranty packages.
Xsolla and Dubai Films and Games Commission Announce Multi-Year Partnership
Xsolla and the Dubai Films and Games Commission have formed a strategic partnership to accelerate game development and connect Dubai-based developers to global markets.
DCO Report Calls for Action to Protect Civilian Digital Ecosystems During Crises
The DCO released a report calling for coordinated action to protect civilian digital ecosystems during crises, outlining four key tracks and a practical framework for resilience.
ITC Infotech and InsureMO Partner to Bring AI-Driven Insurance Modernization to Middle East, Africa, and India
ITC Infotech and InsureMO form a strategic alliance combining K-Fabric AI with 2,500+ APIs to modernize insurance in the Middle East, Africa, and India without replacing core systems.
Splunk Research Shows Downtime Costs Global 2000 $600 Billion Annually
Splunk research reveals Global 2000 downtime costs hit $600B annually, up 50% in two years. The report shows $15,000 per minute and hidden costs like customer churn and regulatory fines.
e& Launches Exclusive Hajj Package 2026 for Pilgrims | Saudi Shopper
e& UAE has launched an exclusive Hajj package for 2026, offering 50GB data and 1000 calling minutes for pilgrims to stay connected with families during the pilgrimage.
Dell AI Factory Gains New Agentic AI and Infrastructure Capabilities
Dell announced new agentic AI, data platform, and infrastructure additions to its Dell AI Factory with NVIDIA, targeting enterprise AI deployment from deskside to data center.
SADAFCO Releases 2025 Sustainability Report with Key Environmental and Social Gains
SADAFCO releases its 2025 sustainability report detailing a 33% water consumption improvement, 96% recycling rate, and zero workplace fatalities, among other environmental and social gains.
Minister Alswaha Visits Salla and Classera in Jeddah to Support Digital Commerce and Smart Education
Minister Alswaha visited Salla and Classera in Jeddah, discussing digital commerce and witnessing a smart education agreement between Classera and Zain KSA.
Digital Entrepreneurship Council Discusses Technology for Hajj and Umrah Services
The Digital Entrepreneurship Council hosted Saudi ministers and entrepreneurs to discuss AI and digital solutions for improving Hajj and Umrah services.
Kreab Opens First Middle East Regional Office in Riyadh
Kreab Worldwide opened its first Middle East regional office in Riyadh under the name Kreab Saudi Arabia, appointing Shurjil Syed as Managing Partner and Theodor Swedjemark as Chairman.
Tamimi Markets Opens 24/7 Pop-Up Store in Makkah for Hajj 2026
Tamimi Markets launches a 24/7 pop-up store in Makkah during Hajj 2026, offering essential groceries and distributing one million bottles of water to pilgrims.
Electric vehicle charging partnership: Almajdouie, Deepal, and Al Fanar Launch in Saudi Arabia
Almajdouie Automotive partners with Al Fanar Company to deploy electric vehicle charging infrastructure across Saudi Arabia, supporting the Kingdom’s transition to sustainable transportation and Vision 2030 goals.
LG Showcases Premium Built-in Kitchen Solutions at Milan Design Week 2026
LG Electronics showcased premium kitchen solutions from SKS and its built-in lineup at Milan Design Week 2026, featuring immersive experiences and the new Tracce collection inspired by Italian design.
SAL Becomes First Saudi Logistics Firm to Achieve Triple ISO HSSE Certification
SAL Logistics Services becomes the first Saudi logistics company to obtain triple ISO HSSE certification. The integrated accreditation covers occupational health, environmental management, and security operations.
Elon Musk Loses Court Battle Against OpenAI CEO Sam Altman
A federal jury rejected Musk’s claims in under two hours, ruling the lawsuit was barred by the statute of limitations. The judge dismissed the case immediately.