Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
LG Electronics Achieves Record $61.9 Billion Revenue in 2025 with Decade-Long Growth
LG Electronics reports record $61.9 billion revenue for 2025, marking second consecutive year of historic growth with Home Appliance and Vehicle Solutions achieving decade-long expansion.
Lockheed Martin Highlights Advanced Defense Tech at World Defense Show 2026 in Riyadh
Lockheed Martin showcases advanced defense technologies and strengthens 60-year partnership with Saudi Arabia at World Defense Show 2026 in Riyadh.
Umm Al Qura Launches Unified Digital Platform for Developers in Masar Destination
Umm Al Qura launches unified digital platform for Masar Destination developers at Future Real Estate Forum 2026, enhancing transparency in Makkah’s largest urban project.
Horizon Signs Strategic Agreement with Northgate to Support Swedish Companies Entering Saudi Market
Horizon and Northgate sign strategic agreement to facilitate Swedish and Nordic companies’ entry into Saudi Arabia’s growing market, supporting Vision 2030 objectives.
Select Property Unveils One Port Street: Manchester’s Premier Luxury Development Attracting Saudi Investors
Select Property launches One Port Street, a £195 million luxury development in Manchester’s Northern Quarter, with Saudi investors accounting for 33% of ownership.
Honeywell and Kortech Partner to Automate Infrastructure Projects Across MENA Region
Honeywell and Kortech announce strategic partnership to automate critical infrastructure projects across Middle East and North Africa, combining global automation expertise with regional engineering capabilities.
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Khaled Sharbatly Discusses Family Capital’s Role in Sustainable Economic Transformation at Davos 2026
Khaled Sharbatly of Desert Technologies discusses how family capital can drive sustainable economic transformation at World Economic Forum Davos 2026.
Social Development Bank Partners with Forsaty 5 Forum to Empower Qassim Youth
Social Development Bank joins Forsaty 5 forum as strategic partner, offering workshops, mentorship, and the Jadathon challenge to empower Qassim’s young entrepreneurs.
elm Receives Institutional Excellence Award in Occupational Health and Safety for Large Enterprises 2025
elm receives Institutional Excellence Award in Occupational Health and Safety for Large Enterprises 2025, achieving 100% compliance with National Council standards.
Saudi Arabia CEOs Show 94% Confidence in Economic Growth Driven by Vision 2030
PwC’s 29th Global CEO Survey reveals 94% of Saudi Arabia CEOs are confident in economic growth, with strong focus on AI adoption and strategic acquisitions under Vision 2030.
Nextpower Arabia to Supply 2.25 GW Smart Solar Trackers for Bisha Solar Project
Nextpower Arabia announces 2.25 GW solar tracker supply deal for Saudi Arabia’s largest Wave 6 renewable energy project, marking the first major milestone for the newly formed joint venture.
Future Minerals Forum Concludes Fifth Edition with Record 21,500 Participants and $26.6 Billion in Agreements
The Future Minerals Forum’s fifth edition in Riyadh attracted 21,500 participants and secured $26.6 billion in agreements, marking a milestone in global mining cooperation.
ShaikhTech Unveils AmanaVest Platform at Future Real Estate Forum 2026 Ahead of Saudi Foreign Ownership Law
ShaikhTech announces AmanaVest platform launch at Future Real Estate Forum 2026, enabling global investors to access Saudi Arabia’s real estate market through secure, Sharia-compliant digital infrastructure.
BHM Capital Appointed Lead Manager for Eurasian Development Bank’s UAE Dirham Bond Issuance on ADX
BHM Capital has been appointed as Lead Manager for the Eurasian Development Bank’s UAE Dirham-denominated bond issuance to be listed on the Abu Dhabi Securities Exchange, strengthening the emirate’s position as a global debt capital markets hub.
Tourism Development Fund Signs Two MoUs to Enable High-Quality Tourism Projects in King Abdullah Economic City
Tourism Development Fund signs two strategic MoUs to accelerate high-quality tourism development in King Abdullah Economic City, strengthening Saudi Arabia’s position as a leading Red Sea destination.
Saudi Arabia Hosts Second Space Debris Conference 2026 with 75 Countries Participating
Saudi Arabia successfully concluded the second Space Debris Conference 2026 with participation from 75 countries, addressing critical challenges in space sustainability and debris management.
QNB Group Leads Digital Transformation Qatar Banking Sector at Web Summit 2026
QNB Group leads Digital Transformation Qatar as Lead Sponsor of Web Summit Qatar 2026, leveraging cloud and AI technologies to reshape banking and support Qatar National Vision 2030.
Mobily Concludes Successful Participation at Davos WEF 2026 Showcasing Saudi Digital Leadership
Mobily concluded its participation at Davos WEF 2026, showcasing Saudi Arabia’s digital maturity and AI-driven transformation. CEO Eng. Nezar Banabeela highlighted practical AI applications and strategic infrastructure investments.
Deloitte Drives Real Estate Innovation as Premier Partner at REFF 2026 in Riyadh
Deloitte joins REFF 2026 as Premier Partner, showcasing cutting-edge technology and expert insights to transform Saudi Arabia’s real estate sector.
Ominvest Makes History at World Economic Forum Annual Meeting 2026 with Landmark Publication
Ominvest achieved a historic first at WEF 2026 by publishing an article in the official agenda, marking its evolution from participant to thought leader in global economic discourse.
Almarai Signs Five Strategic Contracts Worth SAR 276 Million at International Fisheries Conference
Almarai announces five strategic contracts worth SAR 276 million at the International Fisheries Conference, marking major expansion into seafood sector.
ALMA Destination Jeddah Unveils Completed Infrastructure for 3.125M sqm Waterfront Masterplan at REFF 2026
ALMA Destination Jeddah debuts at REFF 2026 as a 3.125M sqm waterfront masterplan with completed infrastructure, featuring seven districts, 12.5km of waterfront, and marina-led urban planning in North Jeddah.