Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Apple Expands App Store Capabilities for Global Developers
Apple has announced major updates to the App Store, introducing group subscriptions, centralized asset management, and enhanced discovery tools for developers.
Vertiv and Partners Sign Framework Agreement for GCC Data Center Infrastructure
Vertiv, Edge-Serve, IRCL, and PDC have signed a framework agreement to develop converged data center infrastructure across the GCC region.
First Esports Carnival KSA Riyadh Edition Concludes at View Mall
The first Riyadh edition of the Esports Carnival KSA concluded at View Mall, featuring a SAR 100,000 prize pool and interactive gaming zones.
Air Cargo Digitalization Faces Unique Operational Challenges Despite Global Progress
Air cargo digitalization continues to face unique operational complexities, though global initiatives like IATA’s ONE Record are driving steady progress.
Skills-Based Hiring Becomes Saudi Recruitment Standard
A new Coursera report reveals that 99% of Saudi employers are adopting skills-based hiring, with a strong preference for candidates holding generative AI credentials.
- Ad
Anthropic to Rename Flagship Model to Claude Mythos 5
Anthropic is reportedly dropping the Opus brand for its next flagship AI model, choosing to name the upcoming release Claude Mythos 5 instead.
SDAIA and World Bank Organize 25 Sessions on AI Governance in Europe
SDAIA and the World Bank are hosting 25 specialized sessions in Belgium and Germany to discuss international AI governance and regulatory frameworks.
CIPS MENA Futures Forum to Address AI and Supply Chain Resilience in Riyadh
The CIPS MENA Futures Forum in Riyadh will explore how artificial intelligence and supplier risk management are transforming regional procurement.
PIF and Talaat Moustafa Group Saudi Sign MoU for Real Estate Projects
PIF and Talaat Moustafa Group Saudi have signed a non-binding MoU to collaborate on mixed-use real estate projects across the Kingdom.
Claude 5 Mythos API Endpoint Briefly Appears Online
An API endpoint for Claude 5 Mythos appeared briefly online, marking the second major release signal from Anthropic within 48 hours.
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
SpaceX Secures Massive $11 Billion Annual Compute Agreement with Google
SpaceX has signed an $11 billion annual compute agreement with Google, marking one of the largest infrastructure deals in history.
Yalla Group Concludes Participation in Saudi eLeague 2026
Yalla Group has concluded its active participation in the Saudi eLeague 2026 in Riyadh, showcasing its flagship apps and supporting the women’s tournament.
Sony RIALTO 65 Image Sensor Block for VENICE 2 Announced
Sony has announced the development of the RIALTO 65, a new 65mm format image sensor block designed for the VENICE 2 digital cinema camera.
Red Sea Global Launches Red Sea Waves Vol. 2 Album
Red Sea Global has released Red Sea Waves Vol. 2, integrating traditional Saudi music into its sustainable tourism destination.
China Initiates Regional 6G Trials to Test Future Industrial Applications
China has launched a collaborative pilot program across multiple provinces to test 6G applications in maritime and manufacturing sectors ahead of a projected 2030 commercial rollout.
VinFast VF 8 Completes Global Testing Ahead of Middle East Expansion
The VinFast VF 8 electric SUV has completed rigorous global testing, establishing a strong aftersales network and warranty program for Middle East buyers.
Riyadh Air Receives First Two Boeing 787 Dreamliner Aircraft
Riyadh Air has officially received its first two Boeing 787 Dreamliner aircraft, marking a major step toward launching commercial operations.
Arab Private Sector Faces Digital Shift Driven by Artificial Intelligence
The Arab private sector is undergoing a major digital shift driven by artificial intelligence, according to a recent seminar in Cairo.
AliExpress Summer Sale Launches in Saudi Arabia
AliExpress has launched its Summer Sale in Saudi Arabia with discounts up to 80% and an expanded Brand+ channel featuring 2,000+ authenticated brands.
ASMO Appoints Nico Schuetz as Chief Executive Officer to Lead Regional Operations
ASMO has appointed Nico Schuetz as its new Chief Executive Officer, effective June 1, 2026, to lead its expanding logistics and procurement operations from Dammam.
Financial Fragmentation Costs Global Economy Up to $307 Billion Annually
A new World Economic Forum report reveals that financial fragmentation costs the global economy up to $307 billion annually, driving inflation and impacting allied nations.
World Cup Fraud Campaign Targets Fans Ahead of 2026 Tournament
Cybersecurity researchers have exposed a massive fraud campaign targeting the 2026 FIFA World Cup, involving over 4,300 fake domains and sophisticated phishing networks.