Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Fairmont Riyadh Hosts Female Leadership Panel on International Women’s Day
Fairmont Riyadh hosted a female leadership panel on March 8, 2026, in collaboration with Alnahda Society, Art of Heritage, and Saut: The Voice of Down Syndrome Society. The event featured three prominent Saudi women leaders discussing entrepreneurship, cultural preservation, and community advocacy.
Rowad Modern Engineering Begins SAL Logistics Project Expansion at King Khalid International Airport
Rowad Modern Engineering has started the SAL logistics project expansion at King Khalid International Airport in Riyadh, targeting LEED Gold certification and supporting Saudi Vision 2030 logistics goals.
Loylogic Appoints Adam Whatling as Chief Commercial Officer to Drive 2026 Growth Strategy
Loylogic named Adam Whatling as Chief Commercial Officer on March 17, 2026, as the company advances its global rewards marketplace strategy for the year ahead.
KFSH Receives American Heart Association Honor for CPR Education at MENA Healthcare Forum 2026
King Faisal Specialist Hospital and Research Centre received an American Heart Association honor for CPR education at the MENA Healthcare Forum 2026. Both the Riyadh and Jeddah branches were recognized for distinct contributions to clinical training and community awareness.
Encyclopedia Britannica and Merriam-Webster Sue OpenAI Over Copyright and Trademark Infringement
Encyclopedia Britannica and Merriam-Webster filed a copyright and trademark lawsuit against OpenAI on 13 March 2026, alleging ChatGPT was trained on nearly 100,000 of their articles without permission.
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S&P Affirms Saudi Credit Rating at A+ With Stable Outlook
S&P Global Ratings affirmed Saudi Arabia’s credit rating at A+ with a stable outlook, citing non-oil growth and economic resilience as key supporting factors.
Supply Chain Attacks Top Cyber Threats Facing Businesses Globally and in Saudi Arabia
Supply chain attacks affected 31% of enterprises globally and 30% in Saudi Arabia over the past 12 months, topping all other cyberthreat categories in a new Kaspersky study.
Saudi Arabia Designates 2026 as the Year of Artificial Intelligence
The Saudi Cabinet has designated 2026 as the Year of Artificial Intelligence, reinforcing the Kingdom’s push to become a global hub for data and AI technologies under Vision 2030.
Dhahran Mall Ramadan Programme Unites Community Through Heritage, Charity, and Spiritual Milestones
Dhahran Mall’s Ramadan 1446H programme featured a first-of-its-kind Athan broadcast by Qur’an students, Girgian celebrations, and 100 food basket donations across the Eastern Province.
Nvidia CPU Strategy Shifts to Center Stage at GTC 2026 as Agentic AI Drives Demand
Nvidia is set to showcase its agentic-optimized CPU lineup at GTC 2026, as surging demand for AI infrastructure pushes central processors back into the spotlight. The company’s multiyear Meta deal and a broader industry supply crunch signal a major market shift.
Most read in Economy & Business
- Saudi Businesses Expand Investment in Agentic AI for Enterprise Operations
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- 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
AI Token Pricing: How Context Became the Most Expensive Word in Enterprise AI
AI token pricing has made “context” the central billing unit in enterprise AI, with model output costs ranging from $2.50 to $180 per million tokens across major providers. The market prices capacity but not the quality of relational structure within those tokens.
IATA Launches DG Digital to Fully Automate Dangerous Goods Shipment Declarations
IATA launched DG Digital on March 16, 2026, to fully automate dangerous goods shipment declarations within its DG AutoCheck platform. Pilot tests in Japan cut rejection rates from 4.5% to 0.5%.
Saudi AI Adoption in Government Accelerates as Cabinet Designates 2026 the Year of Artificial Intelligence
Saudi Arabia’s Cabinet has designated 2026 as the Year of Artificial Intelligence, as SDAIA accelerates AI adoption across government entities to improve service delivery and institutional performance.
K.A.CARE Wins Three Gold Medals at 51st Geneva International Exhibition of Inventions
K.A.CARE secured three gold medals, one silver medal, and a special award at the 51st International Exhibition of Inventions in Geneva, presenting technologies in water desalination, energy storage, and clean hydrogen.
LG WashTower Launches in Saudi Arabia with AI Wash and Dry Technology
LG Electronics launched the WashTower in Saudi Arabia on March 15, 2026, combining AI-powered washing and drying in one vertically stacked unit. The appliance targets larger Saudi households with features including AI Wash, AI Dry, and TurboWash360.
Board of Grievances Launches AI Systems Principles Document for Administrative Judiciary
The Board of Grievances has launched an AI systems principles document to govern artificial intelligence use across its courts, in line with Saudi Arabia’s Year of Artificial Intelligence designation for 2026.
Saudi Water Authority Launches AI Development Program to Train 10,000 Water Sector Professionals by 2030
The Saudi Water Authority launched an AI development program targeting 1,500 trainees in 2026 and 10,000 by 2030, as part of the Year of Artificial Intelligence initiative.
China Plans In-Orbit BeiDou Navigation Upgrade Across 50-Satellite Constellation
China’s satellite navigation office plans an in-orbit upgrade across all 50 BeiDou satellites, targeting improved user experience and a fully integrated spatiotemporal system by 2035.
Apple Cuts App Store Fees in China to 25% Amid Regulatory Pressure
Apple reduced its App Store commission in China from 30% to 25%, effective 15 March 2026, following a regulatory investigation by Chinese authorities into the company’s fee practices.
ByteDance Secures Access to Nvidia Blackwell Chips Through Malaysian Data Centers
ByteDance is deploying around 36,000 Nvidia B200 chips in Malaysia through cloud partner Aolani, in a deal potentially worth over $2.5 billion, as the TikTok parent expands its global AI operations.
Institutional AI vs Individual AI: Why Productivity Gains Are Not Reaching Organizations
A16z partner George Sivulka argues that AI has made individuals ten times more productive but organizations have not captured equivalent value, and outlines seven pillars that define Institutional AI.
Lucid Motors Unveils Midsize Platform with Cosmos and Earth SUVs, Targets Sub-$50,000 Price Point
Lucid Group unveiled its Midsize platform at Investor Day on March 13, 2026, introducing the Cosmos and Earth SUVs with starting prices below $50,000 and a robotaxi concept called Lunar.