Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Infinix NOTE 60 Series Debuts in Saudi Arabia Following Global Reveal
The Infinix NOTE 60 smartphone series has officially launched in Saudi Arabia, featuring dual-way satellite calling and a 200MP camera system.
Naukrigulf Hiring Index Shows Softening Gulf Job Market
The Naukrigulf Hiring Index reports a softening in Gulf recruitment activity for April-May 2026, though technology roles remain highly resilient.
Saudi Arabia Hosts 60+ Data Centers to Boost AI Position
Saudi Arabia has established over 60 data centers with investments exceeding $4.27 billion to strengthen its global position in artificial intelligence.
Ernst & Young Report Shows AI Reshaping Gulf Economies
A new Ernst & Young report highlights how artificial intelligence is reshaping Gulf economies by driving growth and innovation across the region.
Ernst & Young Report Shows AI Reshaping Gulf Economies
A new Ernst & Young report highlights how artificial intelligence is reshaping Gulf economies by driving growth and innovation across the region.
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Al-Ghamdi Appointed to Lead Microsoft Arabia Ahead of Cloud Region Launch
Al-Ghamdi takes the helm at Microsoft Arabia as the company prepares to launch its dedicated cloud region in Saudi Arabia, expanding local digital services.
Saudi Youth Explore Space and AI at Jeddah Innovation Challenge
Saudi youth gathered at the Jeddah Innovation Challenge to explore space and AI technologies, highlighting the Kingdom’s commitment to developing young tech talent.
Saudi Arabia Participates in Global AI Governance Dialogue in Geneva
Saudi Arabia joins international leaders in Geneva to discuss global AI governance frameworks and establish unified standards for emerging technologies.
Education and Industry Ministers Launch Talent Summer Program Across 19 Cities
The Saudi Ministers of Education and Industry have launched the Talent Summer program across 19 cities to develop student capabilities in STEM fields.
Saudi Water Authority Partners with LONGi to Integrate Clean Energy and AI
The Saudi Water Authority has partnered with LONGi to integrate solar PV, green hydrogen, and AI technologies into the national water sector.
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
Petromin Partners with Linglong Tire to Expand Mobility Solutions in Saudi Arabia
Petromin Corporation has officially launched Linglong Tire in Saudi Arabia, expanding its automotive product portfolio across its nationwide network.
Saudi CMA Launches Commodities Market with Three-Year Fee Waiver
The Saudi Capital Market Authority has launched a new commodities and metals trading market featuring a three-year commission exemption.
Saudi Arabia Launches National Qualifications Framework for Future Skills
Saudi Arabia has launched the National Qualifications Framework to develop digital and technical skills, supporting Vision 2030 and digital transformation.
Tawakkalna Platform Adds 160 New Services in June Through 40 Entities
Tawakkalna platform added 160 new services in June through 40 government, private, and non-profit entities, expanding digital offerings for Saudi citizens and residents.
Samsung Operating Profits Projected to Surge 18-Fold in Q2 Amid AI Boom
Samsung is projected to post an 18-fold increase in operating profits for the second quarter of 2026, driven by the global artificial intelligence boom.
South Korean Stocks Decline Amid Semiconductor Valuation Concerns
South Korean stocks declined on Monday as growing semiconductor valuation fears impacted global tech shares and GCC investment portfolios.
Microsoft Frontier Company – $2.5B AI Unit Launched
Microsoft has launched a new business division with a $2.5 billion investment and 6,000 engineers to help enterprise clients scale AI systems.
Vertiv Opens New Manufacturing Facility in Malaysia to Support AI Demand
Vertiv has opened a new manufacturing facility in Johor, Malaysia, to address the growing demand for AI and high-density computing infrastructure across Asia.
Team Falcons MENA Secures Final Main Stage Spot at Esports World Cup
Team Falcons MENA has qualified for the Main Stage of the Mobile Legends Mid Season Cup at the 2026 Esports World Cup after a 2-1 victory in Paris.
Lucid Announces Q2 Production Figures and Executive Restructuring
Lucid Group has announced executive restructuring alongside its Q2 2026 production of 4,774 vehicles and delivery of 3,953 vehicles.
The Garage Challenge Concludes in Riyadh to Support Tech Startups
The Garage Challenge concluded its three-day program in Riyadh, helping entrepreneurs transform ideas into technology startups using artificial intelligence.
Riyadh to Host Global Space Connectivity and Sustainability Events in October
Riyadh will host the global Space Connectivity Events from October 12 to 14, 2026, focusing on non-terrestrial networks and space sustainability.