Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
FedEx Strengthens Middle East Logistics Network Amid Tighter Air Cargo Capacity
FedEx expands Middle East logistics capabilities as air cargo capacity declines 20% year-over-year, implementing alternative gateways and digital solutions to maintain healthcare supply chain continuity.
Webooking Expands Globally to Four Continents, Surpasses 3 Billion Riyal Transaction Value
Saudi platform Webooking expands to four continents with 3 billion riyals in transactions and 17 million users across 180 countries.
BridgeWise Partners with X to Deliver Social Sentiment Analysis for Global Markets
BridgeWise and X announced a strategic partnership to deliver social sentiment analysis for global markets, processing 1.75 million investment-related posts daily with real-time insights for institutional investors.
OpenAI and AWS Launch Bedrock Managed Agents for Enterprise AI Workflows
OpenAI and AWS unveiled Bedrock Managed Agents, integrating frontier models with enterprise-grade runtime controls for cloud-based AI agent deployment. The managed service eliminates custom engineering for enterprises building autonomous workflows within AWS infrastructure.
Saudi Tourism Minister Visits Spark by Hilton Makkah Ahead of Official Opening
Saudi Arabia’s Tourism Minister visited the upcoming Spark by Hilton Makkah Aziziyah, the first Spark by Hilton property in the Middle East and Africa. The 329-room hotel opens later in 2026.
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Automotive Dealers Digitisation: Majority of Middle East Auto Dealers Adopt Strategies to Boost Operations
Ninety-four percent of Middle East automotive dealers now turn to data and digital tools to combat operational inefficiency and stay competitive in a rapidly growing market.
Vertiv Acquires Strategic Thermal Labs to Strengthen Liquid Cooling Capabilities
Vertiv completes acquisition of Strategic Thermal Labs to enhance liquid cooling capabilities for AI and high-performance computing infrastructure. The deal strengthens cold-plate design and thermal validation expertise.
MOBH Holding Group Launches Sophia AI, Region’s First Agentic AI HR Officer
MOBH Holding Group introduces Sophia AI, the region’s first Agentic AI HR Intelligence Officer, expanding AI integration across workforce planning, recruitment, and employee lifecycle management.
Mashreq and Cashew Expand Embedded Lending Framework in UAE
Mashreq and Cashew deepen collaboration to launch embedded lending UAE framework, enabling customers to access financing up to AED 150,000 with near-instant approvals for essential purchases.
Saudi Tourism Development Fund Launches Hackathon Series Across 8 Cities
Saudi Tourism Development Fund opens registration for hackathons across eight Kingdom cities, seeking innovative solutions to enhance tourism experiences and services in line with Vision 2030 targets.
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
Eastern Region Authority Launches Upgraded 940 Emergency Center With Smart Technology
The Eastern Region Authority has inaugurated an upgraded 940 emergency center with advanced smart technology to improve complaint processing and municipal service delivery.
Saudi Arabia Appointed Vice-Chair of ITU Council
Saudi Arabia ITU Council appointment as Vice-Chair represents the international community’s trust in the Kingdom’s role in advancing global telecommunications objectives and digital policy leadership.
Manish Bakshi Marks 25 Years Leading BenQ Middle East Operations
Manish Bakshi BenQ leadership spans 25 years of market excellence. BenQ Managing Director Manish Bakshi completed 25 years with the company, establishing market leadership across projectors, interactive displays, and corporate collaboration solutions in the Middle East.
Aramex Completes AED 815 Million Debt Refinancing in UAE
Global logistics provider Aramex successfully completes Aramex debt refinancing of AED 815 million, consolidating USD and GBP loans into a single UAE-domiciled facility with sustainability-linked terms.
Inception to Showcase AI Products at Make it in the Emirates 2026
Inception AI products will be displayed at Make it in the Emirates 2026, showcasing leadership intelligence and investment decision-making solutions at ADNEC Centre Abu Dhabi from May 4-7.
e& Reports AED 19.4 Billion Revenue in Q1 2026 with 15.1% Growth
e& posts AED 19.4 billion Q1 2026 revenue with 15.1% yearly growth, reaching 248 million subscribers across its global operations and maintaining strong profitability.
stc Group Reports 12% Net Profit Growth in Q1 2026 as Revenues Hit 19.9 Billion
stc Group reported Q1 2026 net profit growth of 12% with revenues reaching 19.9 billion riyals, driven by operational efficiency and expanded regional digital infrastructure projects.
Axxion Launches Independent Motor Claims Service for UAE Insurers
Axxion Claims Settlement Services launches as an independent motor claims management company in Dubai, serving UAE insurers with end-to-end claims handling backed by proprietary technology and experienced operators.
JICE and ne’ma Expand Food Loss Reduction Education Program in UAE
JICE and ne’ma expanded their food loss reduction education program in the UAE, engaging 51 students through a digital learning initiative that recorded significant environmental and economic benefits.
Kingston DC3000ME Gen5 30.72TB SSD Now Available for Data Centers
Kingston expands its DC3000ME Gen5 SSD lineup with a new 30.72TB capacity option, delivering 14GB/s speeds and 2.8M IOPS for enterprise data center workloads including AI and cloud computing.
HPE Powers Red Sea Global’s Luxury Resort Expansion with AI-Native Networking
HPE deploys self-driving AI-native network infrastructure for Red Sea Global’s luxury resort expansion, supporting $8.79 billion in economic contribution and 120,000 jobs aligned with Vision 2030 objectives.
Saudi Arabia’s Top 100 Brands Reach $131.9 Billion in Value
Saudi Arabia top brands combined for USD 131.9 billion in value, a 13% annual increase, with Aramco, stc, and Al Rajhi Bank leading across sectors.