Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Emirates NBD Expands Deployment of AMD Processors Across Data Centres and Laptops
Emirates NBD expanded its adoption of AMD processors to power data centres and staff laptops, cutting banking transaction speeds by half.
U.S. Senator Chris Murphy Visits University of New Haven Campus in Riyadh
U.S. Senator Chris Murphy visited the University of New Haven campus in Riyadh, meeting faculty and students at Mohammed Bin Salman Nonprofit City.
Seed Group Partners with VerbaFlo to Expand AI Property Communications in UAE
Seed Group has partnered with VerbaFlo to deploy automated AI leasing and resident communications across residential property sectors in the UAE.
ELSEWEDY ELECTRIC PSP and Sinohydro Sign $2.2B Rabigh 2 IPP Expansion Contract
A joint venture between ELSEWEDY ELECTRIC PSP and Sinohydro has signed a $2.2 billion EPC contract for the 2.3 GW Rabigh 2 expansion in Saudi Arabia.
European Equities Outperform US Markets Amid AI Debt Concerns
European markets outperformed US indices as inflation and borrowing costs sparked investor scrutiny over debt-funded technology infrastructure.
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IMFC Evaluates Global Economy Resilience and Extends Aljadaan Leadership
The IMFC meeting in Bangkok evaluated economic resilience, extended Minister Aljadaan’s chairmanship, and endorsed the Bangkok Blueprint.
Acer and Ingram Micro Partner to Expand Commercial Hardware in Saudi Arabia
Acer and Ingram Micro have signed a commercial distribution partnership in Riyadh to supply business hardware and support IT resellers across Saudi Arabia.
Abu Dhabi Launches TAMM Global to Export AI Government System
Abu Dhabi has launched TAMM Global to export its public sector digital architecture, serving 4.7 million users with 1,200 unified government services.
Saudi ICT Deals and Policy Roundup Covers Funding and Standards
A weekly review of Saudi technology agreements includes Autobia’s $12 million round, new SDAIA regulatory standards, and public sector portal launches.
Green Electrodes Partners with E-Watts to Localize Water Treatment Technologies in Saudi Arabia
Green Electrodes Consortium has signed a partnership with Spain’s E-Watts to localize advanced water treatment systems and set up regional facilities.
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
Cycls Launches Specialized AI Agents for the Saudi Market
Cycls has launched autonomous AI agents in Saudi Arabia to handle legal research, marketing campaigns, data analysis, and local stock tracking.
Saudi Energy Approves Moxa Industrial Networking Solutions for Power Grid Applications
Saudi Energy has granted prequalification to Moxa for its industrial networking and computing hardware across transmission and substation networks.
EXEED User Summit to Unveil New ET9 Flagship and Track Tests
The 2026 EXEED User Summit will showcase the all-new ET9 flagship, concept vehicles, and dynamic track tests at Zhejiang International Circuit.
Chery Outlines Localization Strategy and Global Testing for Hybrid Vehicles
Chery details its international localization strategy, safety ratings, and severe climate testing program for the Chery Super Hybrid vehicle line.
Knowledge Economic City and BAAN Holding Sign Lease for Level 48 at Multaqa AlMadinah Mall
Knowledge Economic City and BAAN Holding signed a lease during RECON Dubai to introduce Level 48 at Multaqa AlMadinah Mall in Madinah.
Desert Technologies and EnerVenue Partner on Energy Storage Pilot in Saudi Arabia
Desert Technologies and EnerVenue will deploy a 215 kWh energy storage pilot project in Saudi Arabia during the first quarter of 2027.
Robo.ai Subsidiary Plans ALIF Composites Facility With 10 Million Square Meter Target
Robo.ai subsidiary ALIF Holding announced plans to launch a manufacturing unit in Umm Al Quwain targeting 10 million square meters of composites by 2027.
HUMAIN and EY Partner to Build First AI Business Process Outsourcing Service in Saudi Arabia
HUMAIN and EY have joined forces to establish Saudi Arabia’s first AI-native business process outsourcing service powered by the HUMAIN ONE platform.
Fortinet and Aramco Sign Agreement to Expand Industrial Cybersecurity in Saudi Arabia
Fortinet and Aramco have signed a memorandum of understanding to advance industrial cybersecurity and develop local operational technology expertise in Saudi Arabia.
Napster and HUMAIN Form Strategic Partnership to Deliver Arabic-Native AI
Napster and HUMAIN have partnered to provide Arabic-native AI solutions and digital workers for organizations across Saudi Arabia and the MENA region.
SEVEN Showcases Entertainment Projects at Furas Al Sharqiya Exhibition
SEVEN presented its entertainment destination portfolio at the Furas Al Sharqiya exhibition in Dhahran, outlining projects backed by over SAR 45 billion in total investment.
Sharjah Innovation Park Launches AI Industrial Accelerator at AI Everything Abu Dhabi
Sharjah Research, Technology and Innovation Park launched a global AI industrial accelerator at AI Everything Abu Dhabi to support manufacturing ventures.