Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Busworld Southeast Asia 2026 Concludes in Jakarta Highlighting Electric Transit
The fourth edition of Busworld Southeast Asia 2026 concluded in Jakarta, showcasing 25 advanced vehicles and highlighting the rapid shift toward electric transit.
Xiaomi Permanently Reduces MiMo API Pricing by Up to 99 Percent
Xiaomi has permanently reduced its MiMo-V2.5 Series API pricing by up to 99% and upgraded its token plans to offer more value to developers.
Ferrari Luce All-Electric Sports Car Unveiled in Rome
Ferrari has unveiled the Ferrari Luce in Rome, marking its first all-electric sports car developed in collaboration with LoveFrom.
Cybersecurity Fostering Program Launched for Hajj 1447 AH
The National Cybersecurity Authority has launched a specialized program to secure digital systems and services for over 300 entities during Hajj 1447 AH.
Al Masaood Automobiles Launches Summer Campaign with Free Fuel Offer on Nissan Models
Al Masaood Automobiles introduces a summer promotion offering up to three years of free fuel on select Nissan models in Abu Dhabi.
- Ad
Big Tech and AI Companies Earn Up to $160,000 per User Over a Lifetime, Report Finds
A new report by Web3 Foundation reveals that Big Tech and AI companies earn up to $160,000 from each internet user over their lifetime.
MBSC Al Sulaiman Partnership to Advance Experiential Learning
MBSC and Al Sulaiman Foundation have signed an MoU to enhance student development, executive education, and experiential learning in Saudi Arabia.
Absher Platform Records Over 16.5 Million Transactions in April 2026
The Absher platform processed over 16.5 million transactions in April 2026, highlighting a strong shift toward digital public services.
Mercedes-AMG GT Coupé Electric Sports Car Revealed with 1,169 HP
The new Mercedes-AMG GT Coupé has been revealed with up to 1,169 horsepower and advanced axial flux motor technology.
Globant Powers New Connected Race Experience for Formula 1 Fans
Globant has launched a new race experience module within the official F1 app to centralize real-time scheduling and personalized wayfinding.
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
EDECS and Assarain Group Awarded EZAD Dry Port Contract in Oman
EDECS and Assarain Group have secured the contract to construct the EZAD Dry Port and veterinary quarantine in Oman’s Al Dhahirah Governorate.
Humain and Accenture Partner to Accelerate AI Adoption in Saudi Arabia
Humain and Accenture have partnered to accelerate artificial intelligence adoption across Saudi Arabian government and enterprise sectors, spanning from pilot to production.
SDAIA Outlines National Data Quality Guidelines for AI Readiness
SDAIA has introduced a structured five-phase framework to improve data quality across Saudi organizations, supporting digital transformation and AI readiness.
AMD Begins Production of Venice EPYC Processors on TSMC 2nm Node
AMD has started production of its 6th Gen EPYC Venice processors on TSMC’s 2nm node, targeting advanced AI workloads and high-performance computing.
AMD AI Infrastructure Investments Top $10B in Taiwan
AMD announces more than $10 billion in Taiwan ecosystem investments to accelerate AI infrastructure, including EFB packaging and Helios platform.
Former Apple Designer Abidur Chowdhury Joins Hark AI Startup
Former Apple designer Abidur Chowdhury has joined AI startup Hark as head of design, leading a team of engineers recruited from Google and Meta.
Anthropic in Early Talks to Rent Microsoft AI Chips, Nears Profitability
Anthropic is in early talks to rent Microsoft’s custom AI chips, aiming to boost computing capacity for its Claude models. The startup also projects its first profitable quarter with $10.9B revenue.
VinFast Aftersales Ecosystem Drives Global Expansion into Middle East
VinFast’s aftersales ecosystem is driving global growth as the EV maker expands into the Middle East with the VF 8 and comprehensive warranty packages.
Xsolla and Dubai Films and Games Commission Announce Multi-Year Partnership
Xsolla and the Dubai Films and Games Commission have formed a strategic partnership to accelerate game development and connect Dubai-based developers to global markets.
DCO Report Calls for Action to Protect Civilian Digital Ecosystems During Crises
The DCO released a report calling for coordinated action to protect civilian digital ecosystems during crises, outlining four key tracks and a practical framework for resilience.
ITC Infotech and InsureMO Partner to Bring AI-Driven Insurance Modernization to Middle East, Africa, and India
ITC Infotech and InsureMO form a strategic alliance combining K-Fabric AI with 2,500+ APIs to modernize insurance in the Middle East, Africa, and India without replacing core systems.
Splunk Research Shows Downtime Costs Global 2000 $600 Billion Annually
Splunk research reveals Global 2000 downtime costs hit $600B annually, up 50% in two years. The report shows $15,000 per minute and hidden costs like customer churn and regulatory fines.