Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
LEAP 2026 Scheduled for August 31 to September 3 at Riyadh Exhibition Centre
LEAP 2026 is confirmed for August 31 to September 3 at the Riyadh Exhibition & Convention Centre. The fifth edition builds on 200,000+ attendees recorded at LEAP 2025.
DXC Technology Consulting Earns Forbes Best Management Consulting Firms Ranking for Fourth Consecutive Year
DXC Technology has appeared on the Forbes 2026 Best Management Consulting Firms list for the fourth consecutive year. The company recently launched AdvisoryX and the Xponential AI framework to help organizations scale responsible AI adoption.
IATA Forecasts Air Travel Demand to More Than Double by 2050
IATA projects global air travel demand to exceed 20.8 trillion RPKs by 2050, more than doubling from 2024 levels under its medium growth scenario.
Milestone Systems Expands Hafnia with Synthetic Data and Training-as-a-Service at NVIDIA GTC
Milestone Systems introduced Hafnia synthetic data tools and a Training-as-a-Service preview at NVIDIA GTC, targeting rare-scenario AI training for smart city applications.
Vertiv Brings Converged Infrastructure to NVIDIA Vera Rubin DSX AI Factories
Vertiv has integrated simulation-ready power and cooling models into the NVIDIA Vera Rubin DSX AI factory reference design. The collaboration aims to reduce deployment risk and accelerate time to operational readiness for large-scale AI infrastructure.
Beltone Secures Initial FRA Approval to Launch Fadda, Egypt’s First Silver Investment Fund
Beltone Asset Management has received initial FRA approval to launch Fadda, Egypt’s first silver investment fund offering daily cumulative returns to individual and institutional investors.
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Sama X Launches Starlink Kuwait Services, Offering Satellite Internet Across Land and Sea
Sama X, the tech subsidiary of Al Ghanim Industries, has launched Starlink satellite internet services in Kuwait, offering speeds exceeding 300 Mbps with latency between 20 and 40 milliseconds.
AWS Transform Mainframe Modernization Relies on AI and COBOL Experts, Executive Says
AWS Transform is accelerating mainframe modernization using AI, but VP Asa Kalavade says COBOL experts remain essential for validating translated code and defining transformation scope.
Nvidia Faces Growing Competition as AI Shifts from Training to Inference Computing
Nvidia faces mounting competition as the AI industry shifts from model training to inference computing. The company is pivoting its product strategy while rivals like Cerebras and Groq gain ground.
Alibaba Plans Major Restructuring to Sharpen Focus on AI and Profitability
Alibaba is planning a major restructuring to prioritize artificial intelligence and improve profitability, according to a Bloomberg report from March 16, 2026.
Saudi Photographer Khalid Alsabt Wins Sony World Photography Awards 2026 Landscape Category
Saudi photographer Khalid Alsabt has won the landscape category of the Sony World Photography Awards 2026 Open Competition for his image captured near AlUla. The annual exhibition opens at Somerset House, London, from April 17 to May 4, 2026.
Fairmont Riyadh Hosts Female Leadership Panel on International Women’s Day
Fairmont Riyadh hosted a female leadership panel on March 8, 2026, in collaboration with Alnahda Society, Art of Heritage, and Saut: The Voice of Down Syndrome Society. The event featured three prominent Saudi women leaders discussing entrepreneurship, cultural preservation, and community advocacy.
Rowad Modern Engineering Begins SAL Logistics Project Expansion at King Khalid International Airport
Rowad Modern Engineering has started the SAL logistics project expansion at King Khalid International Airport in Riyadh, targeting LEED Gold certification and supporting Saudi Vision 2030 logistics goals.
Loylogic Appoints Adam Whatling as Chief Commercial Officer to Drive 2026 Growth Strategy
Loylogic named Adam Whatling as Chief Commercial Officer on March 17, 2026, as the company advances its global rewards marketplace strategy for the year ahead.
KFSH Receives American Heart Association Honor for CPR Education at MENA Healthcare Forum 2026
King Faisal Specialist Hospital and Research Centre received an American Heart Association honor for CPR education at the MENA Healthcare Forum 2026. Both the Riyadh and Jeddah branches were recognized for distinct contributions to clinical training and community awareness.
Encyclopedia Britannica and Merriam-Webster Sue OpenAI Over Copyright and Trademark Infringement
Encyclopedia Britannica and Merriam-Webster filed a copyright and trademark lawsuit against OpenAI on 13 March 2026, alleging ChatGPT was trained on nearly 100,000 of their articles without permission.
S&P Affirms Saudi Credit Rating at A+ With Stable Outlook
S&P Global Ratings affirmed Saudi Arabia’s credit rating at A+ with a stable outlook, citing non-oil growth and economic resilience as key supporting factors.
Supply Chain Attacks Top Cyber Threats Facing Businesses Globally and in Saudi Arabia
Supply chain attacks affected 31% of enterprises globally and 30% in Saudi Arabia over the past 12 months, topping all other cyberthreat categories in a new Kaspersky study.
Saudi Arabia Designates 2026 as the Year of Artificial Intelligence
The Saudi Cabinet has designated 2026 as the Year of Artificial Intelligence, reinforcing the Kingdom’s push to become a global hub for data and AI technologies under Vision 2030.
Dhahran Mall Ramadan Programme Unites Community Through Heritage, Charity, and Spiritual Milestones
Dhahran Mall’s Ramadan 1446H programme featured a first-of-its-kind Athan broadcast by Qur’an students, Girgian celebrations, and 100 food basket donations across the Eastern Province.
Nvidia CPU Strategy Shifts to Center Stage at GTC 2026 as Agentic AI Drives Demand
Nvidia is set to showcase its agentic-optimized CPU lineup at GTC 2026, as surging demand for AI infrastructure pushes central processors back into the spotlight. The company’s multiyear Meta deal and a broader industry supply crunch signal a major market shift.
AI Token Pricing: How Context Became the Most Expensive Word in Enterprise AI
AI token pricing has made “context” the central billing unit in enterprise AI, with model output costs ranging from $2.50 to $180 per million tokens across major providers. The market prices capacity but not the quality of relational structure within those tokens.