Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Incomedia to Present WebSite X5 AI Website Builder at GITEX Africa 2026
Italian software company Incomedia will showcase WebSite X5 at GITEX Africa 2026 in Marrakech from April 7 to 9. The no-code platform includes an AI assistant that builds complete websites through conversation.
Infobip Messaging Trends Report 2026: RCS Grows 3x, SMS Holds 62% of Traffic
Infobip’s Messaging Trends Report 2026 analyzes 628 billion interactions and finds RCS traffic tripled globally while single-channel use fell to 2.3%.
elm Presents Umrah Digital Solutions at Madinah Forum 2026
elm participated as a strategic sponsor of the Umrah and Ziyarah Forum 2026 in Madinah, presenting a portfolio of digital solutions covering pilgrim services, AI-powered guidance, and crowd management.
Professor Alhalees Receives 2026 Lifetime Achievement Award from American College of Cardiology
The American College of Cardiology presented Professor Zohair Alhalees of KFSH with its 2026 Lifetime Achievement Award at its Annual Scientific Session in New Orleans.
DDR5 Memory Prices Crash 30% After Google Unveils TurboQuant AI Compression Tech
Google’s TurboQuant AI compression tech has triggered a 30% crash in DDR5 memory prices and wiped nearly $450 billion from memory chip stocks. Here’s what it means for consumers and the industry.
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Vertiv CoolPhase Wall Launches in EMEA as Wall-Mount Cooling System for Edge and Small IT Rooms
Vertiv has launched the CoolPhase Wall cooling system across EMEA, offering up to 60% greater airflow than comfort cooling for small IT rooms and edge environments.
Standard Chartered Foundation and Village Capital Launch 2026 Women in Tech Accelerator in UAE
Standard Chartered Foundation and Village Capital launched the eighth edition of the Women in Tech Accelerator in the UAE on March 31, 2026. UAE participants compete for USD 150,000 in equity-free prizes at Demo Day.
Think AI Startup Launches in Riyadh, Targeting GPU Efficiency and AI Infrastructure Bottlenecks
Former Sandsoft CTO Ahmed AlSharif and Ammar Enaya have launched Think, a Riyadh-based AI infrastructure startup targeting GPU efficiency, cooling, and power bottlenecks in AI deployments.
Professor Zohair Alhalees Receives 2026 Lifetime Achievement Award from the American College of Cardiology
Professor Zohair Alhalees of King Faisal Specialist Hospital received the 2026 Lifetime Achievement Award from the American College of Cardiology. The award recognizes over 48 years of contributions to cardiac surgery locally and internationally.
Ruder Finn Atteline Launches rf.engage Internal Communications Service Across MENA
Ruder Finn Atteline has launched rf.engage, a strategic internal communications and leadership training service, targeting organizations across the Middle East and North Africa as of March 30, 2026.
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
National Geographic Society Partners with AWS to Digitize 15 Petabytes of Historic Media Archives
The National Geographic Society and AWS announced a partnership to migrate nearly 15 petabytes of historic media archives to a new AI-powered cloud platform, preserving 138 years of exploration content.
Mistral AI Raises $830M to Expand European AI Data Centre Capacity
Mistral AI secures $830 million in debt financing to buy 13,800 Nvidia GB300 GPUs for its Paris-area data centre, pushing toward a 200MW European compute target by 2027.
AI Data Preservation in Saudi Arabia: Why Backup Strategy Is Now Core Infrastructure
WD’s regional sales director argues that AI data preservation is now core infrastructure for Saudi organizations, warning that missing backup strategies put AI investments at serious risk.
Relm Secures Full VARA Broker-Dealer License in Dubai, Enabling Regulated Digital Asset Services
Relm, a subsidiary of XBD Group, has received its full VASP license from Dubai’s VARA, authorising regulated digital asset broker-dealer and OTC trading services for institutional clients.
Careem Ramadan Trends 2026: Grocery Orders Triple at Suhoor, Bike Riders Cut 40 Tons of CO2
Careem released Ramadan 2026 usage data showing grocery orders tripled at Suhoor, one DineOut user saved SAR 2,388, and Medina bike riders removed 40.76 tons of CO2.
Fake Shipment Tracking Scams Surge Across Middle East and Africa, Group-IB Warns
Group-IB researchers warn that fake shipment tracking scams are surging across the Middle East and Africa, driven by Phishing-as-a-Service platforms targeting parcel delivery users.
Shane Heraty Appointed as Cisco Vice President and General Manager for Middle East, Africa, Türkiye, Romania and CIS
Cisco has appointed Shane Heraty as Vice President and General Manager for the MEA–TRC region, effective May 1, 2026. Heraty brings over 30 years of technology experience, including more than 20 years at Cisco.
Open Digital Platforms and AI: How MBRF’s Digital Knowledge Hub Is Shaping the Arab Knowledge Economy
MBRF’s analysis positions open digital platforms as central to the Arab knowledge economy, with its Digital Knowledge Hub providing tens of millions of free digital items worldwide.
KFSH Wins Sigma’s Healthy Work Environment Award for Nursing Support Program
King Faisal Specialist Hospital and Research Centre received Sigma Theta Tau International’s Healthy Work Environment Award in the Clinical Category at a ceremony in Washington, D.C. The honor recognizes the hospital’s Immediate Psychological Support Program for nursing staff.
SDAIA Issues Guidelines for Saudi Arabia’s Year of Artificial Intelligence 2026
SDAIA issued comprehensive guidelines on March 26, 2026, to coordinate national efforts for the Year of Artificial Intelligence 2026, following Cabinet approval on March 10.
Huawei Unveils AI-Powered Government Services Blueprint at MWC 2026
Huawei presented its Global Government Services Solution at MWC 2026 in Barcelona, outlining an AI-driven blueprint to modernize public service delivery. The company estimates its chat-to-execution model can raise citizen satisfaction and administrative efficiency by 30%.
Lucidya Launches Enterprise AI Customer Platform Targeting MENA Expansion
Lucidya launched its enterprise AI customer platform on March 26, 2026, following a $30 million Series B round. The cloud-based system targets MENA enterprises with Arabic dialect support and autonomous customer service capabilities.