Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
SpaceX Strikes Deal With Cursor, Eyes $60 Billion Acquisition Option
SpaceX has partnered with Cursor to develop AI coding tools, with an option to acquire the software platform for $60 billion later this year. The deal combines Cursor’s product capabilities with SpaceX’s Colossus supercomputer.
Tamatem Acquires Playable Factory to Expand Ad Tech Capabilities
Tamatem acquires Playable Factory to strengthen its ad technology capabilities and transition into an AI-first gaming platform. The deal brings advanced playable ads technology to the MENA gaming publisher’s integrated ecosystem.
Smartphone Prices Rise in 2026: What Middle East Buyers Need to Know
Smartphone prices 2026 are rising globally and in the Middle East. Middle East consumers are shifting toward upper-mid-tier phones that offer flagship features at more reasonable prices.
Cloud Phones Emerge as Major Tool in Financial Fraud, Group-IB Report Finds
Group-IB reveals how cloud phones fraud has become a primary tool for financial fraud, bypassing traditional bank security systems. The report documents the evolution from simple social media tools to sophisticated money laundering infrastructure.
Saudi Business Leader Mohammed Abudawood Appointed Chairman of Merit Incentives Group
Saudi business tycoon Mohammed Abudawood joins Merit Incentives Group as Chairman, bringing three decades of experience in trading, manufacturing, and international ventures to lead the global engagement technology company.
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Cisco Launches Sovereign Critical Infrastructure Portfolio Across EMEA Region
Cisco launches Sovereign Critical Infrastructure portfolio across EMEA, enabling organizations in Saudi Arabia and the region to maintain control over data and critical digital infrastructure while adopting AI technologies.
LG Unveils Built-In Kitchen Suite at EuroCucina 2026 with AI-Powered Appliances
LG Electronics debuts its new built-in kitchen suite at EuroCucina 2026, featuring six product lines with AI-powered appliances designed for energy efficiency, space optimization, and intelligent performance across refrigeration, cooking, and dishwashing.
World Economic Forum Names Two Saudi CEOs to 2026 Young Global Leaders Class
The World Economic Forum has named two Saudi CEOs to its 2026 Young Global Leaders class, recognizing their contributions to innovation and regional business development.
AI and Employment: Study Maps Automation Risk Across Global Occupations
A Coface and OEM study maps how AI-driven automation targets cognitive and skilled occupations globally, with exposure varying from 12% in Turkey to 20% in the UK.
ZincFive Surpasses 2 GW Milestone in Nickel-Zinc Battery Adoption
ZincFive reaches 2 GW milestone in global nickel-zinc battery deployments, signaling accelerating adoption of the technology in data center infrastructure as an alternative to lead-acid and lithium-ion systems.
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
LG PuriCare AeroMini Compact Air Purifier Launches in Saudi Arabia
LG Electronics launches the compact PuriCare AeroMini air purifier in Saudi Arabia, featuring 360-degree purification, 26dB quiet operation, and smart app control.
Mashreq Launches Digital Loan Solution for UAE Healthcare Services with Toothpick Partnership
Mashreq and Toothpick launch embedded financing for UAE healthcare, enabling patients to finance dental and aesthetic treatments up to AED 150,000 through a fully digital process.
Saudi Arabia Launches Digital Transformation Index 2026 for Government Entities
Saudi Arabia’s Digital Government Authority launched the Digital Transformation Index 2026 to help government entities improve digital performance and service quality, with 2,800 specialists from 249 entities participating in the initial workshop.
Investor Warns of Rising Drone Threats to Private Infrastructure Across Middle East and NATO Region
Investor warns that drone threats infrastructure are escalating across the Middle East and NATO’s eastern flank, with recent attacks on cloud operations signaling that private companies must invest in defence systems.
Amazon Agrees $11.6 Billion Deal to Acquire Globalstar
Amazon agreed to acquire Globalstar for $11.6 billion to expand its satellite connectivity services. The deal includes a parallel agreement with Apple to power satellite services on iPhones and Apple Watch devices.
Anthropic valuation 800 billion: AI Company Attracts Major Investor Interest
Anthropic valuation 800 billion has been achieved as the AI company attracts investor offers, reflecting strong investor confidence in the artificial intelligence sector and the company’s development of large language models.
Anthropic Receives $800 Billion Valuation Offers From Multiple Investors
Anthropic receives multiple investor offers valuing the AI startup at $800 billion, more than double its February valuation, driven by strong enterprise revenue growth.
PayTabs Completes Acquisition of TAPn’GO to Expand Contactless Payment Services Across MENA
PayTabs Group completed its acquisition of TAPn’GO, integrating contactless payment capabilities into its Super App platform. The move targets merchants across retail, hospitality, and healthcare sectors in the MENA region.
E-commerce Scams Account for 85% of Financial Phishing in Middle East, Kaspersky Report Finds
Kaspersky’s latest report reveals e-commerce scams phishing attacks account for 85% of financial phishing in the Middle East, with over one million banking accounts compromised by infostealers in 2025.
Saudi Arabia Ranks First Globally in AI Security and Women’s Empowerment
Saudi Arabia AI ranking shows the Kingdom achieved top global rankings in AI security, privacy, and women’s empowerment, with over 80% of employees using AI regularly compared to the global average of 58%.
Bupa Arabia Reaches 750 Beneficiaries Through Ramadan Health and Humanitarian Programs
Bupa Arabia community initiatives reached 750 beneficiaries through preventive health services, clothing donations, disability support, and financial assistance programs involving 370 volunteers.
Bigo Live and Mobile Legends Partner for MPL Season 9 Esports Coverage in MENA
Bigo Live and Mobile Legends: Bang Bang partner to broadcast MPL Season 9 across MENA from April 10 to May 23, 2026, featuring interactive watch parties, Arabic commentary, and exclusive in-app effects.