Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Biren Technology Makes Historic IPO Debut as Hong Kong’s First GPU Company
Biren Technology makes history as the first GPU company to list on Hong Kong Stock Exchange in 2026, opening at HK$35.7 per share with strong market performance and advanced AI computing solutions.
Bupa Arabia Sustainability Report 2024 Showcases Environmental and Social Progress
Bupa Arabia’s 2024 sustainability report reveals impressive environmental progress with 58% diesel reduction, healthcare expansion to 2,400 orphans, and elimination of 150,000 plastic containers, supporting Saudi Vision 2030 goals.
Social Development Bank Achieves 2025 Development Goals with SAR 8 Billion
Social Development Bank achieves all 2025 development targets with SAR 8 billion in financing, supporting 100,000 citizens and businesses while expanding non-financial services across Saudi Arabia.
LG CES 2026 Unveils Vision for Affectionate Intelligence Technology
LG CES 2026 showcases Affectionate Intelligence with Zero Labor Home, ThinQ UP platform, advanced displays, gaming innovations, and software-defined vehicles. Experience technology that learns and adapts to human needs.
Unifonic Jordan Expansion Strengthens Regional Digital Transformation
Unifonic expands operations in Jordan to drive regional digital transformation with its AI-native customer engagement platform, receiving strong government support and highlighting Jordan’s growing tech ecosystem.
Farnek Becomes Official Provider of Renewable Energy Certificates in UAE
Farnek officially registered as approved provider of International Renewable Energy Certificates under Evident Registry, supporting UAE corporate decarbonization efforts through Emirates Carbon platform and EKOenergy partnership for LEED Zero certification compliance.
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Elite Group Holding Wins Superbrands UAE 2025 Award and Partners with Goumbook for Sustainability
Elite Group Holding wins Superbrands UAE 2025 award and partners with Goumbook for sustainability initiatives, launching two new hybrid SUVs to promote greener mobility across the UAE market.
Huawei Cloud Saudi Arabia Expands Partner Ecosystem to Accelerate Digital Transformation
Huawei Cloud Saudi Arabia hosted its Partner Day, Recruitment & Appreciation Gala at the InterContinental Riyadh on December 22, 2025, bringing together over 150 partners from across the Kingdom. The event showcased one of Saudi Arabia’s fastest-growing cloud ecosystems, directly supporting the nation’s digital transformation initiatives across multiple industries. Strategic Partnership Growth in Saudi Market […]
Tech Sector Sustainability Could Unlock $800 Billion in Value by 2030
New World Economic Forum report reveals the technology sector could unlock $800 billion in value by 2030 through nature-positive sustainability practices, addressing massive environmental impacts from data centres, semiconductor manufacturing, and e-waste production.
Canton Fair Digital Platform Spotlights Lighting and Tools in December Sector Hub
Canton Fair’s digital platform launches December sector hub focusing on lighting products, electrical equipment, and tools, offering international buyers access to innovative Chinese manufacturers and IoT-ready solutions through four integrated sections.
The Inference Pivot: Behind NVIDIA’s $20 Billion Strategic Move for Groq
NVIDIA has secured Groq’s specialized inference technology in a $20 billion licensing and talent deal. This strategic pivot signals a shift from generalized GPUs to specialized LPUs as NVIDIA moves to dominate the high-margin AI inference market and defend against Google’s TPU expansion.
Huawei Leads Middle East Hybrid Cloud Market as Digital Transformation Accelerates
Huawei Cloud Stack has secured the top position in the Middle East Hybrid Cloud market per an Omdia report. This leadership reflects a growing regional demand for data sovereignty and localized AI, directly supporting the digital infrastructure goals of Saudi Vision 2030.
DeveGo 2025 Entrepreneurship Forum Concludes with 51 Strategic Agreements in Riyadh
The DeveGo 2025 entrepreneurship forum wrapped up in Riyadh with 25,000 participants and 51 strategic agreements. The event featured the launch of specialized financing products by the Social Development Bank and the new Saudi Empretec Fellowship in partnership with UNCTAD.
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Kuwait to Host DCO General Assembly 2026 Focusing on AI Prosperity
The DCO General Assembly 2026 in Kuwait City will gather leaders from 60 countries to discuss “Inclusive Prosperity in the Age of AI.” The event marks a strategic effort to align regional digital infrastructure and trade with global standards.
Salam Award Promising Projects: Empowering Five Emerging Startups at DeveGo 25
Salam has announced five winners of the Salam Award for Promising Projects at the DeveGo 25 forum. The initiative, aligned with Saudi Vision 2030, provides cash prizes and a platform for startups like BioNet and Qawel Tech to scale their innovative solutions.
SDB Strengthens National Entrepreneurship with 51 Strategic Agreements at DeveGO25
SDB announced 51 agreements at DeveGO25 to support startups, freelancers, and productive families under Vision 2030.
SpeakUp AI Platform Secures Historic Live Investment on ‘The Final Pitch Dubai’
Dubai-based event tech startup secures direct investment and reaches 60k downloads. Valuation hits $60M.
SUSE Saudi Arabia Launch Formalizes Open Source Operations
SUSE establishes formal Saudi entity to deliver open source infrastructure solutions and develop local technical talent
Riyadh Residential Sales 2025 Hit SAR17.6 Billion in Q3
Cavendish Maxwell report: Riyadh residential market adds 57,000 units over 2026-2027 as Q3 sales reach SAR17.6 billion with quarterly growth of 19%
Aljazira Bank Launches New Identity Under “Wealth Grows Here” Slogan
Saudi bank launches “Wealth Grows Here” slogan as part of strategic transformation focused on wealth management and digital services
PayTabs and BEDE Kuwait Partner to Accelerate Digital Commerce
PayTabs BEDE Kuwait partnership introduces BEDE Shop, enabling Kuwaiti merchants to launch online stores in minutes with secure payment solutions.
Bank Albilad Wins Visa Travel Award for Travel Pass Credit Cards
Saudi bank recognized for Shariah-compliant travel credit cards with airline miles and hotel points across global programs.