Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
AMD and Saudi PIF Entity HUMAIN Launch $10 Billion AI Computing Venture
AMD and Saudi PIF-backed HUMAIN announced a $10 billion joint venture to build 500MW of AI infrastructure across Saudi Arabia and the United States.
PayTabs Group Acquires Amazon Payment Services MENA Operations for Over $100 Million
PayTabs Group agrees to acquire Amazon Payment Services MENA operations in a deal valued above $100 million, processing over SAR 150 billion annually.
Al Majdouie DEEPAL Serves as Official Transport Partner at LEAP 2026, Debuting DEEPAL S09 in Saudi Arabia
Al Majdouie DEEPAL served as the official transportation provider at LEAP 2026 in Riyadh, providing transport fleets and launching the six-seater DEEPAL S09 SUV.
Huawei Retains Global Wrist-Worn Device Market Leadership in H1 2026
Huawei secured over 20% global market share in wrist-worn devices during H1 2026 according to IDC, driven by updates across its Watch and Fit series.
Salam Concludes LEAP 2026 Participation with 29 Strategic Technology Partnerships
Salam concluded its participation at LEAP 2026 in Riyadh, signing 29 strategic partnerships spanning cloud computing, cybersecurity, and artificial intelligence.
CEER and Salam Sign SAR 22.5 Million Connectivity Agreement at LEAP 2026
Salam signed a SAR 22.5 million contract with CEER at LEAP 2026 to deliver DWDM fiber connectivity for national electric vehicle manufacturing.
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Webook.com Launches Tour Package Visa Integration for Seven Countries
Webook.com has launched the tour package visa service for travelers from seven countries, bundling flights, hotels, and entry permits in one booking.
Ghaia Investment Holding and Chicago Global to Showcase AI Investment Tools at Money20/20 Middle East
Ghaia Investment Holding and Chicago Global will present their AI investment platform Parallax at Money20/20 Middle East in Riyadh this September.
Cyberani and Nutanix Form Technical Cooperation Agreement at LEAP 2026
Cyberani and Nutanix have signed a cooperation agreement at LEAP 2026 to develop advanced cybersecurity and hybrid cloud capabilities in Saudi Arabia.
Nutanix Launches NC2 on Google Cloud in Dammam Region
Nutanix launched NC2 on Google Cloud in the Dammam region, allowing Saudi enterprises to extend on-premises workloads without rearchitecting applications.
LEAP 2026 Day Three Yields Billions in Data Centre, Cloud, and AI Capital
Day three of LEAP 2026 in Riyadh secured billions in tech funding, including the SAR 3.3B Khuzam Digital Valley project and a $20M regional AI fund.
Nokia Opens Research and Development Center in Riyadh for Network Automation
Nokia has opened a new research and development center in Riyadh to create network automation software and train local engineers under Saudi Vision 2030.
Deepfest26 Forum Highlights AI-First Strategy and Enterprise Adoption in Riyadh
Deepfest26 forum in Riyadh outlined Saudi Arabia’s AI-First strategy, emphasizing enterprise value, human-centered governance, and digital infrastructure.
Saudi ICT Deals Surge with Multi-Billion Tech Investments at LEAP 2026
Saudi Arabia recorded major ICT investments at LEAP 2026, including multi-billion dollar agreements from Amazon, AMD, and Adobe.
Saudi Arabia Participates in G20 Innovation Ministerial Meeting in the United States
Engineer Abdullah Al-Swaha leads the Saudi delegation at the G20 innovation ministerial meeting in the United States to address AI policies.
Noise Unveils Master Buds Open with Bose Audio Technology at IFA Berlin 2026
Noise has introduced the Master Buds Open earphones with Sound by Bose technology at IFA Berlin 2026, marking its debut in the open-ear audio segment.
Saudi Arabia Expands Sovereign AI Infrastructure to Accelerate National Tech Growth
Saudi Arabia is advancing sovereign AI infrastructure with major cloud expansions and technical training programs unveiled during LEAP 2026.
Saudi Authorities Honor IoT Adoption Initiative Partners at LEAP 2026
Saudi authorities recognized partners of the IoT Adoption Initiative at LEAP 2026, marking 40 million connected devices and a 17 billion SAR economic impact.
Desert Technologies and Swiss CTS Launch CTS-DT for 300 MW AI Data Centers
Desert Technologies and Swiss CTS establish CTS-DT to build AI data centers with an initial 300 MW annual capacity in Saudi Arabia.
CST Honors Partners of Recycle Your Device Initiative at LEAP 2026
CST honored public and private sector partners of the Recycle Your Device initiative at LEAP 2026 after collecting over 400,000 devices worth SAR120 million.
HUMAIN and Applied Intuition Partner on Autonomous Trucks in Saudi Arabia
HUMAIN and Applied Intuition have joined forces to deploy thousands of autonomous trucks across freight corridors in Saudi Arabia by 2030.
Casio Unveils G-SHOCK LUXE BLACK Series with Matte Finishes and Metallic Accents
Casio has launched the G-SHOCK LUXE BLACK series featuring GM-2100LXB and GA-2100LXB models with matte black finishes and metallic accents.