Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Cisco Powers Qiddiya’s New Smart Office Headquarters in Riyadh
Cisco technology powers Qiddiya Investment Company’s new smart office in Riyadh, featuring advanced networking, collaboration tools, and IoT sensors designed to create an efficient, human-centric workspace.
Johnson Controls Launches Balanced Cooling Solution in UAE to Address Low Delta T Efficiency Issues
Johnson Controls introduced Balanced Cooling solution, a smart cooling system designed to eliminate low Delta T inefficiencies in UAE buildings connected to centralized systems, reducing energy waste by up to 40% and eliminating surcharges.
Banking Cybersecurity Threats Accelerate as Advanced AI Models Expand Vulnerability Detection
Advanced AI models like Anthropic’s Claude Mythos are accelerating the detection and exploitation of software vulnerabilities, intensifying banking cybersecurity threats at a scale financial institutions have never faced.
CargoTech Uses AI and Real-Time Data to Help Air Cargo Companies Navigate Middle East Crisis
CargoTech member companies are deploying AI-powered tools to help air cargo firms manage Middle East disruptions through real-time data access and scenario planning capabilities.
Bosch Strategy 2030 Targets Growth Through Innovation and Cost Competitiveness
Bosch Strategy 2030 positions the company for profitable growth through innovation investments in sensor technology, artificial intelligence, and electromobility while improving cost competitiveness. The company projects 2026 sales growth of 2–5 percent with EBIT margins of 4–6 percent.
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Emirates Driving Company Reports 13% Revenue Growth in Q1 2026
Emirates Driving Company Q1 2026 posts 13% revenue growth to AED 189 million, driven by driver training demand and mobility platform expansion across the UAE market.
Tamatem Acquires Playable Factory to Lead AI-Powered Gaming in Middle East
Tamatem completes acquisition of Turkish interactive ads platform Playable Factory, marking the region’s first major push into AI-driven game development and reaching $25M in total funding.
MEPRA Awards 2026 Opens Entries as Association Marks 25 Years
MEPRA opens submissions for its 2026 awards ceremony in Dubai, featuring enhanced judging processes and a new trophy design to commemorate the association’s 25-year milestone.
SADAFCO Reports 8.3% Revenue Growth in Q1 2026
SADAFCO Q1 2026 results show revenue of SAR 737.6 million, up 8.3% quarter-on-quarter, with net profit reaching SAR 82.0 million. Growth came from e-commerce expansion and favorable seasonal demand.
Open Accelerator Joins Google for Startups Cloud Program
The Open Accelerator partners with Google for Startups Cloud Program to provide early-stage AI founders access to cloud credits, expert training, and enterprise-grade resources. The initiative aims to transform prototypes into production-ready, secure, and compliant solutions.
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
Deloitte Launches 5th Edition of Technology Fast 50 Program
Deloitte Middle East launched the 5th edition of Technology Fast 50, celebrating the region’s fastest-growing tech companies and spotlighting founders shaping the Middle East’s innovation future.
Feedback Market Research and AccuPanel Launch AI-Powered Consumer Panel for Saudi FMCG Insights
Feedback Market Research and AccuPanel introduce real-time FMCG consumer insights with AI-powered household purchase tracking across Saudi Arabia’s online and offline retail channels.
CPX and SpendConsole Launch UAE e-Invoicing Platform Ahead of 2026 Mandate
CPX Holding and SpendConsole launched the UAE e-invoicing platform to help organizations meet the Ministry of Finance’s 2026 mandate. The solution combines AI-powered finance automation with enterprise-grade cybersecurity infrastructure.
Porsche Divests Bugatti Rimac Stake to BlueFive Capital-Led Consortium
Porsche sells Bugatti stake in Bugatti Rimac and Rimac Group to a consortium led by BlueFive Capital, focusing the German automaker on core operations while the luxury brand enters a new ownership era.
Saudi Arabia Ranks First Globally in Digital Readiness Index 2025
Saudi Arabia topped the Digital Readiness Index 2025, scoring 94 out of 100 points and surpassing nations like Finland and Germany. The achievement reflects coordinated national efforts in building advanced digital infrastructure and governance frameworks.
Saudi Government Agencies Exceed 76% Adoption of Emerging Technologies
Saudi government agencies have achieved 76.04% readiness in emerging technologies adoption, driven by active deployment across 54 entities. The Digital Government Authority reports significant progress in research, communication, and integration capabilities.
Saudi Government Launches Digital Transformation Index 2026
Saudi Arabia’s Digital Government Authority introduces the 2026 Digital Transformation Index, a measurement framework enabling government agencies to enhance operational efficiency and service quality.
Alvarez & Marsal Releases Four-Step Roadmap for Industrial Localization Across GCC
Industrial localization GCC strategy requires a four-step model. A new Alvarez & Marsal whitepaper outlines how Gulf countries can compress traditional development cycles from decades to years through structured technology transfer and disciplined policy frameworks.
Cohere and Aleph Alpha Form $20 Billion Transatlantic AI Alliance
Cohere and Aleph Alpha announced a $20 billion merger to create an independent AI supplier for regulated industries across North America and Europe. The combined entity will serve finance, defence, healthcare, and telecommunications sectors.
Chefs Carnival Club sponsorship of Effat University’s World Festival Supports Students
The Chefs Carnival Club served as an official sponsor of Effat University’s World Festival, hosting cooking demonstrations and food pavilions while supporting students with tuition assistance.
Tesla $25 billion spending surge to expand beyond electric vehicles
Tesla $25 billion spending plan announced by CEO Elon Musk for 2026, shifting the company’s focus toward robotics, autonomous vehicles, and artificial intelligence chip development. The investment marks a departure from Tesla’s historically lean spending approach.
DeepSeek Raises $20B+ in First External Funding Round
DeepSeek, a Chinese AI lab, is in talks for first-round funding at over $20 billion valuation with Tencent and Alibaba as potential backers.