Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Wego Reports 173 Percent Increase in UAE Travel Searches During May
Wego data reveals a 173% month-on-month surge in UAE travel searches during May 2026 as travelers secure bookings ahead of summer price increases.
Unifonic Acquires Segmentify to Expand AI Customer Engagement
Unifonic has acquired Segmentify to integrate real-time AI personalization and expand its customer engagement platform across the MENA region.
Oliver Rowland Completes First Test of New Formula E GEN4 Car
Nissan Formula E Team driver Oliver Rowland completed his first test of the new GEN4 car, sharing his thoughts on the vehicle’s performance upgrades.
PMI Report Reveals 81% of Professionals Face Rising Project Complexity
A new PMI report reveals that 81% of project professionals face rising complexity, with successful teams being five times more likely to deliver projects effectively.
TikTok Community Fest Returns for 2026 with Creator Academy
The TikTok Community Fest returns on June 11, 2026, featuring the new Creator Academy and interactive in-app missions for global creators.
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Deloitte Middle East Launches Tax Operate Service to Modernize Compliance
Deloitte Middle East has launched its Tax Operate service to help regional organizations manage complex tax compliance and modernize their operations.
China’s $295 Billion AI Infrastructure Plan Faces Severe Chip Gap
China plans to spend $295 billion on a nationwide AI data center network, but US export controls on advanced chips present a major hurdle.
RIKAZ Partners with SNB Capital to Launch Education Investment Fund
RIKAZ has partnered with SNB Capital, AlMajdiah, and First Avenue to establish a new fund focused on developing educational facilities across Saudi Arabia.
Saudi Arabia’s Draft Global AI Hub Law to Reshape Data Infrastructure
Saudi Arabia’s draft Global AI Hub Law introduces a novel framework for multi-jurisdictional data hosting, balancing national sovereignty with international data exchange.
Analysis Suggests AI Coding Costs May Heavily Exceed Current Revenues
A recent analysis indicates that Anthropic and OpenAI may be spending ten times more on compute infrastructure than they charge for coding tools.
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
Saudi Arabia and Turkey Discuss Digital Infrastructure and Smart Mobility Partnerships
Saudi Arabia and Turkey held bilateral talks in Riyadh to discuss expanding investments in digital infrastructure, artificial intelligence, and smart mobility.
Industrial Control Systems Face Rise in Cyberattacks Globally
A new Kaspersky report reveals that 19.6% of industrial control systems faced blocked malware in Q1 2026, with manufacturing sectors seeing increased threats.
UBS Report Details the Evolution of Football into a Global Industry
A new UBS report details how football is transitioning from a cultural sport into a highly structured global industry with diversified revenue streams.
AMD Commits £2 Billion to Expand AI Infrastructure and Research in the UK
AMD has announced a five-year, £2 billion investment plan in the United Kingdom to expand AI infrastructure, support scientific research, and build academic partnerships.
LG Electronics Expands Local HVAC Manufacturing in Saudi Arabia with MULTI V S Production
LG Electronics has expanded its local HVAC manufacturing in Saudi Arabia with the launch of MULTI V S production at the LG-Shaker facility in Riyadh.
Mastercard Cyber Pulse Report Highlights Key Vulnerabilities in EEMEA Digital Economy
The Cyber Pulse Report by Mastercard reveals that 44% of cyberthreats in EEMEA target public, tech, and financial sectors, raising breach costs.
LYNX Racing Team Wins STEM Competition and Qualifies for Global Finals
The LYNX Racing Team won first place in the local STEM Racing competition, securing a spot in the upcoming global championship.
Mastercard Cyber Pulse Report Identifies Key Vulnerabilities Across EEMEA Region
The inaugural Mastercard Cyber Pulse Report highlights critical vulnerabilities in EEMEA, where public, tech, and financial sectors face 44% of cyberthreats.
Time Atlas App Launches Trip Stories Feature to Automate Travel Memories
Time Atlas Labs has introduced Trip Stories, an automated travel tracking feature for its iOS application.
Capcom Announces Resident Evil Veronica Remake Scheduled for 2027 Release
Capcom has officially announced that Resident Evil Veronica is scheduled for release in 2027, remaking the classic 2000 survival horror game.
SDAIA AI Governance Frameworks Launched in Saudi Arabia
SDAIA has introduced new regulatory frameworks and 10 key documents to govern data protection and artificial intelligence ethics in Saudi Arabia.
Redmi K100 Pro Leaked Specifications Point to September Launch
Leaked specifications for the Redmi K100 Pro suggest a September 2026 launch featuring an 8500mAh battery and Snapdragon 8 Elite Gen 5 processor.