Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
SADAFCO Partners with Watering Association to Serve Pilgrims During Hajj Season
SADAFCO partners with The Association of Watering for the Guests of God to provide Saudi dairy and food products to pilgrims during Hajj 1447. The collaboration supports national priorities and enhances pilgrim services.
SAS Expands Viya Platform with AI Assistants and Agent Infrastructure
SAS Viya agentic AI platform launches with AI assistants and agent infrastructure, enabling organizations to move from experimental AI to governed, production-ready intelligence for analytics and decision-making.
Deem Finance and Yusr Launch Strategic Partnership for Embedded Finance and BNPL in UAE
Deem Finance and Yusr partnered to advance embedded finance and BNPL solutions in the UAE, combining regulated infrastructure with fintech innovation in the automotive sector and beyond.
Joint Study Shows Snapchat Delivers 14% Better Cost-Efficiency Than Social Benchmarks in MENA
Advanced attribution research shows Snapchat drove 29% of social conversions while using only 27% of budget, delivering 14% better cost-efficiency than competing platforms across major MENA brands including VOX Cinemas and McDonald’s Jeddah.
Saudi Arabia Uses AI and Digital Systems to Enhance Hajj Pilgrim Experience
Saudi Arabia deployed AI systems and digital platforms for Hajj 1447H, reducing wait times by 35 minutes and increasing operational efficiency by 40 percent. The Nusuk app serves 40 million users.
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Ghaia and Chicago Global Launch Parallax Investment Platform in Saudi Arabia
Ghaia Investment Holding and Chicago Global launched Parallax, an investment decision platform supporting institutional governance amid market volatility. The tool connects market data and research into traceable investment decisions across 62,000 securities and 48 global markets.
CST Launches Saudi Domain Campaign to Boost Digital Identity Registration
CST launches Saudi Domain campaign encouraging registration through licensed registrars, supporting digital identity promotion for individuals and organizations across the Kingdom.
Saudi Arabia Celebrates World Telecommunication Day with Digital Infrastructure Achievements
Saudi Arabia celebrates World Telecommunication Day 2026 by highlighting its ICT sector leadership, including digital infrastructure expansion, space technology breakthroughs, and international regulatory maturity rankings.
Nissan Reports 58 Billion Yen Operating Profit for Fiscal Year 2025
Nissan reports 58 billion yen operating profit for fiscal 2025, with automotive free cash flow turning positive at 112 billion yen in the second half. The automaker advances cost reduction goals and production optimization under its Re:Nissan recovery plan.
Riyad Bank Launches Corporate Card Program With Mastercard
Riyad Bank and Mastercard launched a corporate card program featuring two card variants with integrated expense management tools, addressing growing business travel needs in Saudi Arabia.
Most read in Economy & Business
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- 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 Insurance Authority Drives a Stronger National Market Protecting Clients and Policyholders
How the Saudi Insurance Authority’s new national strategy is reshaping consumer trust, product awareness, and market stability across the Kingdom.
Abu Dhabi Infrastructure Summit Day Two Focuses on Smart Cities and Mobility Networks
The Abu Dhabi Infrastructure Summit Day Two addressed smart cities, mobility systems, and sustainable infrastructure development. Twelve partnerships were signed and key discussions focused on future urban design.
du Pay Appoints Roberto Mancone as Chief Executive Officer
du Pay CEO appointment names Roberto Mancone to lead the digital financial services platform through its next growth phase. Mancone brings 25+ years of fintech leadership experience across multiple continents.
PIF Named Official Tournament Supporter of FIFA World Cup 2026
PIF becomes an Official Tournament Supporter of FIFA World Cup 2026 in North America and Asia, partnering with Savvy Games Group and Qiddiya City to drive fan engagement and football growth globally.
MBRF and UNDP to Host Knowledge Summit 2026 in Dubai
MBRF and UNDP will host the 11th Knowledge Summit 2026 on 17-18 November 2026 in Dubai, themed on navigating crises through knowledge-based solutions and fostering innovation for sustainable development.
SADAFCO Demonstrates Hajj Production Readiness During Minister’s Facility Visit
SADAFCO hosted Saudi Arabia’s Minister of Industry and Mineral Resources for an inspection of Hajj production capabilities. The facility produces over 1.7 million liters daily during the pilgrimage season.
Fortinet Reports 20% Revenue Growth in Q1 2026 as Enterprise Cybersecurity Spending Accelerates
Fortinet reported $1.85 billion in Q1 2026 revenue with 20% year-over-year growth, driven by strong enterprise demand for cybersecurity solutions and integrated networking platforms.
LG Launches Smart HVAC Systems for Saudi Homes as Summer Temperatures Rise
LG Electronics launched smart HVAC systems in Saudi Arabia designed to tackle extreme summer heat while reducing energy consumption. The DUALCOOL Inverter technology and ERV ventilation address both comfort and efficiency challenges.
Mashreq Launches Money Insights for Personal Finance Management in UAE
Money Insights Mashreq launches as a financial management tool integrated into the NEO mobile app. The feature tracks spending across 40+ categories and monitors recurring subscriptions for 1.5 million UAE customers.
Uptime Institute Releases 2026 Annual Outage Analysis Report
Uptime Institute’s eighth annual data center outages report shows outage frequency declining for the fifth straight year, though improvement has slowed. Costs continue rising, with 57 percent reporting outages exceeding $100,000.
Anthropic Launches Claude for Small Business Automation Platform
Anthropic launches Claude for Small Business, an AI platform that automates invoicing, customer management, content creation, and document handling for small enterprises by integrating with existing business tools.
Gradiant Deploys HyperSolved AI Data Center Cooling Solution to Global Hyperscalers
Gradiant deploys HyperSolved, an integrated water cooling platform for AI data centers, to leading global hyperscalers. The solution unifies fragmented water infrastructure into a single system.