Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Saudi-Jordanian AI Partnership Secured with $5M Investment
A new $5 million investment from Jordan’s Innovative Startups Fund into Saudi VC fund STV establishes a strategic technology corridor between the two nations.
LG Electronics Launches New Commercial Laundry Lineup Globally
LG Electronics has launched its new commercial laundry lineup globally, featuring advanced AI weight detection and dual inverter heat pump technologies.
Almajdouie Motors Launches the New Changan UNI-S SUV in Saudi Arabia
Almajdouie Motors has officially launched the new Changan UNI-S SUV in Saudi Arabia, featuring a 1.5-liter turbocharged engine and updated cabin technology.
SAL SF Airlines Agreement Signed for Saudi Cargo Services
SAL Logistics Services has signed a strategic agreement with China’s SF Airlines to provide integrated ground handling and air cargo services in Saudi Arabia.
OSN Submits Preliminary Offer to Acquire Full Ownership of Anghami
OSN Streaming has submitted a preliminary offer to acquire all remaining shares of Anghami for $3.39 per share in cash, aiming to take the platform private.
- Ad
GCC Asset Management Reaches $2.7 Trillion as AI Reshapes Competition
The GCC asset management sector reached $2.7 trillion in 2025. Discover how artificial intelligence and retail investors are reshaping regional competition.
Apple Sues OpenAI Over Alleged Trade Secret Theft and Hardware Data Leaks
Apple has filed a lawsuit against OpenAI, accusing the company of using leaked trade secrets from former employees to develop competing consumer hardware.
Microsoft Teams Rolls Out Workplace Check-in Feature
Microsoft Teams has introduced a new Workplace Check-in feature that automatically tracks employee locations via Wi-Fi, raising privacy concerns.
SDAIA and ITU Launch Global AI Readiness Hackathon for University Students
SDAIA and the ITU have opened registration for a global hackathon targeting university students to develop AI solutions in education, health, agriculture, and finance.
Sustainability Emerges as Top Predictor of Project Success in New PMI Study
A new global study by PMI and GPM reveals that sustainability has surpassed traditional methodologies as the primary predictor of project success.
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
LEPAS L8 PHEV Shipped to Middle East Ahead of Launch
The first batch of the LEPAS L8 PHEV has been shipped from Guangzhou Nansha Port to the UAE and Kuwait, initiating the brand’s Middle East expansion.
Lahint Completes Unified Digital Execution Infrastructure
Lahint has completed its unified digital execution infrastructure, launching 10 automated social insurance services for businesses in Saudi Arabia.
Elm and Huawei Sign MoU at LEAP East 2026 to Advance Digital Infrastructure
Elm and Huawei signed a memorandum of understanding at LEAP East 2026 in Hong Kong to collaborate on artificial intelligence and digital infrastructure.
FedEx Launches FedEx Surround Platform in Saudi Arabia
FedEx has launched its FedEx Surround platform in Saudi Arabia, introducing advanced monitoring and intervention systems to enhance logistics and shipping services.
Nissan Unveils the New Tekton SUV at World Premiere in India
Nissan has officially debuted the new Tekton SUV in India, designed for global export to 50 markets across the Middle East and Africa.
Unifonic Repositions as AI-Native CX Platform for Emerging Markets
Unifonic has transitioned into an AI-native CX platform, integrating autonomous agents and achieving up to 85% automation for enterprise customer experiences.
HUMAIN and Cohere Partner to Expand AI Compute and Sovereign Models in Saudi Arabia
HUMAIN and Cohere have partnered to deploy 50MW of AI compute capacity in Saudi Arabia, focusing on the development of secure sovereign AI models.
British Council Funds Nine UK-Saudi Research Collaboration Projects
The British Council and RDIA awarded over 4 million Riyal to fund nine joint UK-Saudi research projects in healthcare, clean energy, and environmental protection.
SAL and flyadeal Sign MoU for National Talent Training Programs
SAL Logistics Services and flyadeal signed an MoU to develop national talent through specialized training programs via SAL Academy, supporting Saudi Vision 2030.
Saudi Arabia Expands Digital Infrastructure to Support Global AI Growth
Saudi Arabia is expanding its digital infrastructure to support AI technologies, aiming to build 6.9 GW of data center capacity by 2034.
SDAIA Highlights AI Role in Smart Cities Development
SDAIA has showcased the role of artificial intelligence in enabling smart cities, emphasizing its contribution to digital infrastructure.
Ferrari Hypersail Unveils Autonomous Marine Energy Management System
Ferrari Hypersail introduces an advanced energy management system designed to achieve complete energy autonomy during offshore racing.