Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
King Abdulaziz University Team Secures 7th Place at Global Underwater Robotics Championship
King Abdulaziz University students finished 7th at the MATE ROV World Championship in Canada, marking a regional milestone for Gulf engineering teams.
Saudi Arabia Ranks First Globally in ICT Development Index 2026
Saudi Arabia has secured the top global spot in the ICT Development Index 2026, driven by 100% internet penetration and a 199 billion SAR market size.
SDAIA Academy Launches Eight Summer Training Programs and Bootcamps for July 2026
SDAIA Academy has launched eight summer training programs and bootcamps for July 2026, targeting both professionals and beginners in AI fields.
BackLite KSA Launched via MMG and Cenomi Centers Deal
Multiply Media Group has partnered with Cenomi Centers to launch BackLite KSA, establishing a premium digital advertising network across Riyadh and Jeddah.
TOD and talabat Celebrate Regional World Cup Campaign Success
The TOD talabat partnership achieved significant regional engagement during the FIFA World Cup 2026, reaching over 214 million people across eight MENA markets.
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VinFast VF 8 and the Shifting Priorities of EV Ownership
The VinFast VF 8 highlights a shift in EV ownership priorities, focusing on long-term service networks and charging infrastructure in the UAE.
Mashreq and Sukoon Launch Embedded Insurance Solutions for SMEs
Mashreq has partnered with Sukoon Insurance to offer instant, paperless Workmen’s Compensation and Third-Party Liability coverage directly via MashreqBiz.
Naghi Motors Opens New Hyundai Showroom in North Obhur
Mohammed Yousuf Naghi Motors has opened its new Hyundai showroom in North Obhur, Jeddah, featuring the global GDSI 2.0 design standards.
The AI Infrastructure Race Is Reshaping Chips, Pricing and Policy
A lifted export ban, a cheaper agent model, and rising chip prices reveal the same story: AI is becoming physical infrastructure.
Saudi Arabia Ranks First Globally in ICT Development Index 2026
Saudi Arabia has ranked first globally in the ITU’s ICT Development Index 2026, driven by a SAR 199 billion market and 100% internet penetration.
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
Mastercard and Jarir Launch Discount Campaign for Small Businesses in Saudi Arabia
Mastercard has partnered with Jarir to offer exclusive discounts for small business cardholders in Saudi Arabia, helping reduce operational costs.
PwC Middle East Appoints Faisal Al Sarraj as Saudi Country Senior Partner
PwC Middle East has appointed Faisal Al Sarraj as the new Country Senior Partner for Saudi Arabia, succeeding Riyadh Al Najjar.
GCC People Pulse Tracker Reveals Strong Regional Workforce Sentiment
The inaugural GCC People Pulse tracker by EXE and Ipsos shows regional employee sentiment outperforming global benchmarks despite rising concerns over AI job security.
Yanbu Cement Partners with Mastek to Modernize Production and Dispatch Operations
Yanbu Cement Company has partnered with Mastek to modernize its production and dispatch operations using Industrial IoT and Oracle Cloud ERP.
HITEK AI Launches CONDTEK for Automated Asset Management
HITEK AI has launched CONDTEK, an AI-powered solution that automatically creates verified digital asset registers to replace manual building surveys.
Pakistan Airports Authority Partners with WALEE Al-Nazawy to Launch Premium Airport Service
The Pakistan Airports Authority has partnered with WALEE Al-Nazawy to launch Khushaamdeed, the country’s first premium airport Meet & Assist service.
The Gentlemen Ransomware Group Expands Operations with Custom Malware
Kaspersky reports that The Gentlemen ransomware group is using new custom-built tools, including a Go-based backdoor and a C-based variant, to target global organizations.
Maheerah Programme Opens Applications for Fourth Edition at Athar Festival 2026
The Maheerah Programme has opened applications for its fourth edition at Athar Festival 2026, offering mentorship for women in Saudi Arabia’s creative marketing sector.
Toyota Secures Double Podium Finish at Acropolis Rally Greece
Toyota Gazoo Racing secured a double podium finish at the Acropolis Rally Greece, extending its manufacturers’ championship lead to 140 points.
LG Electronics Establishes New Robotics Business Center to Drive Growth
LG Electronics has established a new Robotics Business Center to consolidate its core capabilities and accelerate growth in physical artificial intelligence.
Kaspersky Sustainability Report Outlines Global Cyber Resilience Efforts
The Kaspersky sustainability report for 2024-2025 highlights a 74% increase in detected advanced persistent threat groups and global security efforts.
Anthropic Prepares Claude Sonnet 5, Restricts Fable 5 Behind Identity Verification
Anthropic is preparing Claude Sonnet 5 for standard release while restricting the advanced Fable 5 model behind mandatory identity verification.