Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Mashreq Launches One-Day Business Account Service in UAE
Mashreq becomes the first UAE bank to guarantee business account opening within one day through its NEO BIZ platform, backed by an AED1,000 cashback guarantee for eligible customers.
AlfaNow Expands into Oman Through First Exchange Partnership
AlfaNow Oman expansion launches cross-border payment services through partnership with First Exchange, expanding its GCC presence and enabling faster remittance flows.
du Launches National Hypercloud Huawei Edition for Chinese Enterprises in UAE
du launches National Hypercloud Huawei Edition, a sovereign cloud platform purpose-built for Chinese enterprises and EV manufacturers expanding into the UAE with local data hosting and regulatory compliance.
Rockwell Automation Report Shows Middle East Leading Digital Manufacturing Shift
Rockwell Automation’s annual smart manufacturing Middle East report reveals the region leads global digital transformation with 98 percent of manufacturers adopting artificial intelligence and allocating 30 percent of operating budgets to industrial technology.
Gradiant Closes $2 Billion Series E Funding Round for AI and Water Infrastructure
Gradiant secured $2 billion in Series E funding to expand water technology operations across AI data centers and semiconductor manufacturing. The round valued the Boston-based firm at $2 billion.
Wego Partners with Triple-A to Enable Stablecoin Payments for Travel Bookings
Wego integrates stablecoin payments travel bookings through partnership with Triple-A, expanding payment options for global travelers and improving cross-border transaction efficiency.
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Saudi Aramco and Pasqal Launch First Quantum Computer in Kingdom
Saudi Aramco and Pasqal unveiled the Kingdom’s first quantum computer and the Middle East’s first commercial quantum computing platform on May 18, 2026. The system uses neutral atom technology with 200 programmable qubits and is available to regional organizations.
Saudia Expands Hajj without Baggage Service to 400,000 Pilgrims
Saudia expands its Hajj without Baggage service to 400,000 pilgrims during the 2026 season through digital integration with Nusuk and HalaBag platforms, reducing airport congestion and improving pilgrim comfort.
Riyadh Air Launches Nawat Cabin Crew Program to Develop Saudi Aviation Talent
Riyadh Air launches the Nawat Cabin Crew Program to recruit and train Saudi nationals for aviation careers. The eight-month program, developed with Bunyan for Training Company, supports Vision 2030 employment goals.
M360 Eurasia Shifts Focus From AI Exploration to Implementation in Samarkand
M360 Eurasia AI conference moves to Samarkand to examine how artificial intelligence and connectivity drive regional economic growth. The event shifts focus from AI exploration to tangible implementation and scaled operations.
Qiddiya and Google Cloud Partner to Power Saudi Entertainment Megacity with AI
Qiddiya Investment Company and Google Cloud have expanded their partnership to power one of the world’s largest entertainment projects using artificial intelligence and cloud technology.
SADAFCO Partners with Watering Association to Serve Pilgrims During Hajj Season
SADAFCO partners with The Association of Watering for the Guests of God to provide Saudi dairy and food products to pilgrims during Hajj 1447. The collaboration supports national priorities and enhances pilgrim services.
SAS Expands Viya Platform with AI Assistants and Agent Infrastructure
SAS Viya agentic AI platform launches with AI assistants and agent infrastructure, enabling organizations to move from experimental AI to governed, production-ready intelligence for analytics and decision-making.
Deem Finance and Yusr Launch Strategic Partnership for Embedded Finance and BNPL in UAE
Deem Finance and Yusr partnered to advance embedded finance and BNPL solutions in the UAE, combining regulated infrastructure with fintech innovation in the automotive sector and beyond.
Joint Study Shows Snapchat Delivers 14% Better Cost-Efficiency Than Social Benchmarks in MENA
Advanced attribution research shows Snapchat drove 29% of social conversions while using only 27% of budget, delivering 14% better cost-efficiency than competing platforms across major MENA brands including VOX Cinemas and McDonald’s Jeddah.
Saudi Arabia Uses AI and Digital Systems to Enhance Hajj Pilgrim Experience
Saudi Arabia deployed AI systems and digital platforms for Hajj 1447H, reducing wait times by 35 minutes and increasing operational efficiency by 40 percent. The Nusuk app serves 40 million users.
Ghaia and Chicago Global Launch Parallax Investment Platform in Saudi Arabia
Ghaia Investment Holding and Chicago Global launched Parallax, an investment decision platform supporting institutional governance amid market volatility. The tool connects market data and research into traceable investment decisions across 62,000 securities and 48 global markets.
CST Launches Saudi Domain Campaign to Boost Digital Identity Registration
CST launches Saudi Domain campaign encouraging registration through licensed registrars, supporting digital identity promotion for individuals and organizations across the Kingdom.
Saudi Arabia Celebrates World Telecommunication Day with Digital Infrastructure Achievements
Saudi Arabia celebrates World Telecommunication Day 2026 by highlighting its ICT sector leadership, including digital infrastructure expansion, space technology breakthroughs, and international regulatory maturity rankings.
Nissan Reports 58 Billion Yen Operating Profit for Fiscal Year 2025
Nissan reports 58 billion yen operating profit for fiscal 2025, with automotive free cash flow turning positive at 112 billion yen in the second half. The automaker advances cost reduction goals and production optimization under its Re:Nissan recovery plan.
Riyad Bank Launches Corporate Card Program With Mastercard
Riyad Bank and Mastercard launched a corporate card program featuring two card variants with integrated expense management tools, addressing growing business travel needs in Saudi Arabia.
Saudi Insurance Authority Drives a Stronger National Market Protecting Clients and Policyholders
How the Saudi Insurance Authority’s new national strategy is reshaping consumer trust, product awareness, and market stability across the Kingdom.