Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Saudia Wins Three Awards at Cannes Lions 2026 for Travel and Pilgrim Initiatives
Saudia secured three awards at the Cannes Lions 2026 for its Let It Fly campaign and Coolest Ihram innovation.
Wallan Celebrates Abdulaziz Alfudaili’s Lotus Emira Victory
Wallan Trading Company celebrated Saudi driver Abdulaziz Alfudaili’s victory in the Street Cars category at Motor Mania Europe 2026.
1001 Secures $30 Million Series A Funding Led by Lux Capital
GCC-based technology company 1001 has raised $30 million in Series A funding led by Lux Capital to expand its sovereign AI systems.
Opella Expands Investment in Saudi Arabia During First Year of Independence
Opella marks its first year of independence by expanding its presence in Saudi Arabia, reaching over 4,600 pharmacies and launching five new products.
Checkout.com Partners with Agoda to Power Global Travel Transactions
Checkout.com has partnered with Agoda to support digital payment processing across more than six million properties globally.
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US Restricts Access to Anthropic Fable 5 and Mythos 5 Models
The US government has restricted access to Anthropic’s Fable 5 and Mythos 5 models, marking a shift toward direct model access regulation.
NSG and Saudia Launch In-Flight Connectivity on A321XLR
Neo Space Group and Saudia have activated the NSG Skywaves in-flight connectivity service on the airline’s first Airbus A321XLR aircraft.
Saudi Makes Future Delegation Attracts Over 250 Global Companies to Riyadh Edition
The Saudi Makes Future delegation concluded its participation in Italy, attracting over 250 global companies to the upcoming Riyadh edition in December.
Mastercard Launches Africa Cybersecurity Center of Excellence to Secure Digital Economy
Mastercard has launched its Africa Cybersecurity Center of Excellence to strengthen digital security and support the continent’s growing digital economy.
Dhofar Khareef 2026 Tourism Season Commences in Oman
The Dhofar Khareef 2026 tourism season has officially started in Oman, offering visitors a cool summer escape with temperatures between 20°C and 27°C.
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
SAMA Grants Tabby Finance Licences for Consumer and SME Credit
The Saudi Central Bank has granted Tabby consumer and SME finance licences, enabling customers to finance purchases up to SAR 50,000 over 12 months.
Saudi Automotive Sector Award Nominations Extended for 14th Edition
The Organizing Committee has extended the nomination period for the 14th Saudi Automotive Sector Award to accommodate newly launched vehicle models.
Red Sea Vocational Training Program Graduates Fourth Cohort
Red Sea Global celebrated the graduation of 386 students from its vocational training program to support Saudi Arabia’s tourism sector.
CHANGAN Service Skills Competition Concludes National Qualifying Rounds
The second CHANGAN Service Skills Competition completed its national qualifying rounds across four regional markets, with top performers advancing to the finals in Oman.
Mashreq Partners with Mastercard to Expand Quick Remit Cross-Border Payments
Mashreq has partnered with Mastercard to expand its Quick Remit service globally, enabling direct local currency transfers across new international corridors.
Apple Increases MacBook and iPad Prices Globally Due to Memory Shortage
Apple has raised prices on its MacBook and iPad lines by 20% due to global memory chip shortages driven by AI infrastructure demand.
Tuwaiq Academy Wins Best CompTIA Partner Award for EMEA Region
Tuwaiq Academy has won the CompTIA Best Partner award for the EMEA region for the second time, highlighting its role in technical training.
SAL Ground Handling Division Signs Strategic Agreement with Singapore Airlines
SAL Ground Handling has signed a strategic agreement with Singapore Airlines to manage cargo services at King Khalid International Airport in Riyadh.
Atheel KAFD Hotel to Open with Majority-Saudi Leadership Team
The Atheel KAFD Hotel in Riyadh is preparing for its launch with a leadership team comprised of 63 percent Saudi nationals.
Hajj Data Center Completes 100% Cloud Migration
The Ministry of Hajj and Umrah has completed the 100% migration of its data center to a cloud-based infrastructure to support over 20 million pilgrims.
ITU Recognizes Saudi Arabia as Strategic Partner in Shaping Global Digital Future
The ITU has recognized Saudi Arabia as a key strategic partner in shaping a sustainable global digital future, highlighting its regulatory and infrastructure achievements.
Genesis Wallan Partnership with Al Hilal Club Extended for Five Years
Wallan Trading Company has extended its strategic partnership with Al Hilal Club for five years, providing 35 luxury Genesis vehicles to players and staff.