Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Physical AI Enters Open-Source Era as Flat-Rate Billing Models End
The physical AI sector entered an open-source era on June 1, 2026, alongside a major industry shift from flat-rate pricing to token-based billing.
TikTok Football Fans Drive Digital Engagement in Saudi Arabia
A new study reveals that nine out of ten TikTok users in Saudi Arabia follow football, creating significant digital engagement ahead of the FIFA World Cup 2026.
Aramco and Emerson Partner to Develop Corrosion Management Solutions
Emerson and Aramco have partnered to co-develop advanced corrosion management solutions, digitalizing industrial monitoring across Saudi Arabia.
NVIDIA Launches Vera CPU Designed for AI Agents
NVIDIA has launched its new Vera CPU, delivering 1.8x faster task completion than x86 processors to power AI agents in modern data centers.
MiniMax Launches M3 Multimodal Foundation Model with 1M Context Window
MiniMax has officially launched its M3 multimodal foundation model, featuring a 1 million token context window and 15.6x faster decoding speeds.
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Jeel Tamooh Program Launches Eighth Edition to Train Future Saudi Leaders
The Jeel Tamooh program has officially launched its eighth edition in Riyadh, welcoming 150 young Saudi professionals to develop leadership skills.
AMAK Launches Advance Drilling Co. with SAR 100M Capital
AMAK has established Advance Drilling Co. with SAR 100 million capital to accelerate mining exploration and support Saudi Vision 2030.
Esports World Cup Unveils Revamped Formats for Historic MLBB Tournaments
MOONTON Games has announced major format updates for the Mid Season Cup and MLBB Women’s International at the upcoming Esports World Cup.
Saudi Electronic University Signs Strategic Partnership with George Mason University
The Saudi Electronic University has signed a strategic partnership with George Mason University at NAFSA 2026 to enhance academic cooperation and research.
Anthropic Valuation Reaches $965 Billion After $65 Billion Funding Round
Anthropic has raised $65 billion in its latest funding round, pushing its valuation to $965 billion and overtaking rival OpenAI.
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
MiniMax M3 model Teased with 15.6X Decoding Speedup
MiniMax has teased its upcoming M3 model, featuring a custom sparse attention mechanism that delivers a 15.6x decoding speedup at a million tokens.
IHS Towers Releases 2025 Sustainability Report Detailing Carbon Reductions and Community Investments
IHS Towers has published its 2025 Sustainability Report, highlighting a 21.4% reduction in emissions intensity and $8.2 million in community investments.
Qiddiya City and MPL MENA Sign Five-Year Esports Deal
Qiddiya City has signed a five-year partnership with MPL MENA to accelerate regional esports growth following a record-breaking Season 9 Grand Finals in Cairo.
Meta Launches New Paid Subscription Tiers for Instagram, Facebook, and WhatsApp
Meta has introduced new paid subscription tiers for Instagram, Facebook, and WhatsApp, offering exclusive features starting at $2.99 per month.
Huawei Launches Intelligent Substation Solution for Sub-Saharan Africa
Huawei has launched its new Intelligent Substation Solution at Enlit Africa 2026 to accelerate digital transformation and reduce operational costs.
Reactor AI Platform Emerges from Stealth with $59 Million Funding
Reactor has emerged from stealth with $59 million in funding to build real-time World Model infrastructure for global developers.
AI Investment ROI Faces Sustainability Challenges
Financial Times data reveals negative AI investment returns for major tech firms, raising concerns over the sustainability of current hyperscaler valuations.
Telus Digital Report Exposes Significant Security Vulnerabilities Across Generative AI Models
A new Telus Digital report reveals that every major generative AI model can be coaxed into unsafe behavior, leaving enterprises underprepared.
Global Economic Outlook Weakens Amid Geopolitical Tensions and Inflation Fears
The latest World Economic Forum survey shows a sharp decline in global growth expectations, driven by geopolitical tensions and supply chain disruptions.
stc Network Traffic Records 44 Percent Increase on First Day of Eid Al-Adha
stc group recorded a 44% increase in peak data traffic and a 60% rise in 5G traffic on the first day of Eid Al-Adha in Makkah.
Abacus AI Launches Agent Swarms for Multi-Agent Orchestration Across Major Models
Abacus AI has launched Agent Swarms, a multi-agent orchestration system that coordinates specialized sub-agents across GPT 5.5, Claude Opus 4.7, and Gemini 3.5.
Mistral AI Launches New Industrial Engineering Software Stack
Mistral AI has launched a new software stack for industrial engineering, partnering with Airbus, BMW Group, and ASML to optimize design and simulation.