Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Desert Technologies Astronergy Agreement Brings 13 MWp Solar to Northern Saudi Arabia
Saudi renewable firm Desert Technologies partners with Astronergy for N-Type solar modules to power Northern Region under Vision 2030.
Salam Sponsors DeveGo25 Entrepreneurship Forum in Riyadh
Etihad Salam Telecom sponsors DeveGo25 entrepreneurship forum with new award for startups. Event runs Dec 21-23 in Riyadh.
SADAFCO Ranks Among Top Saudi Firms for Corporate Governance in 2024
SADAFCO ranks among top non-financial firms in corporate governance on Tadawul for 2024, earning Alfaisal CGI excellence recognition. Learn more.
Comera Finance Receives NBFC License from UAE Central Bank
Comera Finance receives CBUAE approval to operate as Non-Banking Financial Company, offering retail and wholesale financing across the UAE.
Sahm Huawei Smartwatch App Launches for Saudi Investors
The Sahm Huawei smartwatch app brings real-time trading to wearables in Saudi Arabia. Discover features and Vision 2030 fintech alignment.
DeveGo 2025 Entrepreneurship Forum Opens with SAR 8 Billion Pledge
Social Development Bank commits SAR 8 billion annually to entrepreneurs as DeveGo forum launches in Riyadh with UNCTAD partnership.
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What Does 500 Global’s Morocco Partnership Mean for Africa’s Startup Ecosystem?
500 Global selected to support Morocco’s Startup VB program. What this means for African founders, MENA venture capital, and regional ecosystem development.
Social Development Bank to Host DeveGo 2025 Entrepreneurship Forum in Riyadh
Three-day event features international speakers, startup competitions, and new financial products for Saudi entrepreneurs
Mastercard Achieves Guinness World Record in Saudi Arabia with 50-Nation Football Campaign
Mastercard achieves Guinness World Record in Riyadh as 50 nationalities pass football along Highway 10. Details on the Priceless Dribble campaign.
Alhamrani Universal Deploys AI Fraud Prevention for Saudi Payment Networks
Saudi fintech provider Alhamrani Universal strengthens payment security with AI-powered fraud detection across Middle East digital channels.
ARIS Process Mining Launches in Saudi Arabia for AI-Ready Operations
ARIS launches its On-Prem Process Mining platform in Saudi Arabia, delivering AI-ready process intelligence aligned with Vision 2030 through locally hosted technology for enhanced enterprise digital transformation.
Elm Expands Investment in Madar Digital Logistics Platform
Saudi digital solutions firm Elm increases its stake in the Madar logistics management platform, owned by Sahl Almadar Trading Company.
BSF and Almosafer Launch Co-Branded Credit Card with Travel Rewards
New co-branded card offers high-value travel benefits and zero foreign exchange fees for Saudi customers
PayTabs Egypt Partners with Edita to Streamline Payment Collections
PayTabs Egypt has formed a partnership with Edita Trade, a subsidiary of packaged snack food company Edita Food Industries, to integrate cash collection solutions into Edita’s distribution operations. The collaboration, announced December 14, will connect Edita to over 550,000 point-of-sale (POS) machines across Egypt through a unified platform. Key Takeaways How the Partnership Works The […]
Momentum 2025 TDF agreements exceed SAR 4bn in impact
Momentum 2025 TDF agreements exceed SAR 4bn, expanding financing for Saudi tourism MSMEs and sustainability projects. See the details.
Finastra Saudi Arabia Banking Forum Spotlights AI Innovation Under Vision 2030
Finastra’s Saudi Arabia banking forum brought together industry leaders to explore AI innovation, trust, and digital transformation in the Kingdom’s financial sector under Vision 2030, highlighting practical strategies for responsible banking evolution.
Checkout.com Wins MENA Fintech Award 2025 for Regional Payment Innovation
Payment solutions provider recognized for advancing merchant performance and delivering market innovations across the region.
Souq7 Opens in Jeddah With 3,500 Stores Across Seven Specialized Zones
Souq7 officially opened in Jeddah on Dec 10, spanning 720,000 sqm with 3,500 stores across seven specialized retail zones.
tpay Secures Egypt’s First Mobile Payment License for Government Services
tpay secures Egypt’s first Direct Carrier Billing license for government payments, enabling mobile bill payments without bank accounts.
MENA Economic Outlook 2026 Projects 3.6% Growth Driven by Investment and Digital Shift
MENA region expected to outperform global growth with 3.6% GDP increase. Saudi Arabia’s non-oil sector projected at 5% growth.
Vertiv Completes $1 Billion Acquisition of PurgeRite for Liquid Cooling Services
Infrastructure provider Vertiv completes acquisition of fluid management specialist PurgeRite to strengthen data center cooling capabilities
Digitect and BBD Perfect Storm Form Exclusive Partnership for Saudi Market
Jeddah-based marketing agency Digitect and London’s BBD Perfect Storm have signed an exclusive strategic partnership to deliver brand transformation and communication services across Saudi Arabia. The Digitect BBD Perfect Storm partnership, announced December 8, combines local market expertise with international branding capabilities. Key Takeaways Partnership Scope and Services The Digitect BBD Perfect Storm partnership will […]