Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Huawei Introduces GigaUplink and AI-Optical Solutions at MWC Shanghai 2026
Huawei launched its new GigaUplink solution and 10 AI-Optical Network products at MWC Shanghai 2026 to meet the connectivity demands of the AI era.
US Government Restricts OpenAI’s GPT-5.6 Launch Under Strict Federal Oversight
The US government has intervened to restrict OpenAI’s GPT-5.6 launch, forcing a limited partner preview under strict federal oversight.
stc group Achieves AA MSCI ESG Rating and 50.69% Local Content Score
stc group has released its 2025 Sustainability Report, highlighting an upgraded AA MSCI ESG rating and a 50.69% local content score.
Valvoline Arabia Commences Commercial Operations in Saudi Arabia
Valvoline Arabia has officially launched its commercial operations in Saudi Arabia, establishing a regional headquarters in Jeddah to serve the Middle East and Africa.
Floward Scales Customer Support with Infobip AgentOS Integration
Floward has deployed Infobip AgentOS to manage seasonal customer service spikes, reducing operational costs by 15% while handling 13x peak conversation volumes.
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Anthropic Accuses Alibaba of Massive Distillation Attack on Claude AI
Anthropic has accused Alibaba of executing the largest known distillation attack on its Claude AI model, generating millions of unauthorized exchanges.
OpenRouter MCP: Live Model Intelligence for AI Agents
OpenRouter MCP brings live model intelligence to AI agents, enabling real-time pricing, routing, and selection across 400+ models.
Notion External Agents Turn Workspace Into AI Collaboration Hub
Notion External Agents bring Claude and Cursor directly into your workspace as assignable team members to automate tasks.
GLM 5.2 Achieves Record-Breaking Open-Weight Scores on ARC-AGI Benchmarks
GLM 5.2 has set a new record for open-weight models on the ARC-AGI benchmarks, delivering high-level reasoning at a fraction of the cost of proprietary systems.
Qualcomm Acquires Modular to Build Silicon-Agnostic AI Software
Qualcomm acquires Modular for $3.92 billion to build a silicon-agnostic compute layer, aiming to challenge Nvidia’s AI dominance.
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
DHL Express AI Tool Launches for International Shipping
DHL Express has introduced a new computer vision tool in eight initial markets, including the UAE, to automate customs descriptions from photos.
Yango Group Named Among Best Workplaces in Technology Middle East 2026
Yango Group has been recognized among the Best Workplaces in Technology Middle East 2026 by Great Place to Work.
Al Masaood Automobiles Launches Summer Service Campaign for Nissan, INFINITI, and Renault
Al Masaood Automobiles has introduced its Summer Service Campaign in Abu Dhabi, offering discounts on parts and labour alongside complimentary A/C checks.
Sanabil Accelerator Announces Batch 11 Startups
The Sanabil Accelerator has selected eight startups from over 690 applications for its eleventh cohort, focusing on AI, fintech, and healthcare.
Intercept Health Initiative Launches with $500 Million to Eliminate Respiratory Infections
The Intercept health initiative has launched with 500 million dollars in funding to eliminate common respiratory infections globally.
Grow Tourism Incubator Completes First Cohort with 30 Startups
The Tourism Development Fund completed the first edition of its tourism incubator, supporting 30 startups with mentorship, workshops, and international training.
OpenAI Jalapeño Chip Unveiled with Broadcom Partnership
OpenAI and Broadcom have introduced the Jalapeño chip, a custom AI accelerator designed to optimize large language model inference and improve power efficiency.
Infobip and Digitas Expand Partnership to Deploy AI-Driven Customer Engagement
Infobip and Digitas Middle East have expanded their strategic partnership to deliver AI-driven customer engagement solutions for global brands across MENA and APAC.
Tourism Growth Incubator Concludes First Cohort Supporting 30 Startups
The Tourism Development Fund has concluded the first cohort of its tourism incubator, supporting 30 startups with mentorship and international training.
OpenAI and Broadcom Unveil Custom Jalapeño Inference Chip
OpenAI and Broadcom have introduced Jalapeño, a custom silicon chip designed to optimize large language model inference with improved power efficiency.
Prince Sattam bin Abdulaziz University Advances 250 Positions in Global Rankings
Prince Sattam bin Abdulaziz University rose over 250 positions in the Times Higher Education Impact Rankings 2026, entering the global top 300 band.
KAUST Enters Global Top 50 in THE Impact Rankings 2026
KAUST has entered the top 50 of the Times Higher Education Impact Rankings 2026, placing 48th globally for its contributions to sustainability.