Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
LG Electronics Expands Chiller Production for AI Data Centers to Three Plants
LG Electronics is expanding chiller manufacturing across three sites in the United States and South Korea to supply cooling systems for AI data centers.
Al Masaood Power Presents Mission-Critical Power Systems at Airport Show 2026
Al Masaood Power is presenting the mtu Kinetic PowerPack at Airport Show 2026 in Dubai, showcasing kinetic energy systems for critical aviation infrastructure.
Al Masaood Power Showcases Infrastructure Power Solutions at Airport Show 2026
Al Masaood Power is presenting the mtu Kinetic PowerPack at Airport Show 2026 in Dubai, highlighting kinetic power systems for mission-critical aviation facilities.
Bupa Arabia Concludes Bupa Padel 2026 Tournament in Riyadh
Bupa Arabia concluded the Bupa Padel 2026 tournament in Riyadh, naming CORE as the regional champion alongside qualifying finalists for the Super Cup.
Mashreq Pilots IBM Bob to Accelerate Integration Engineering with Agentic AI
Mashreq is piloting IBM Bob to explore agentic AI in integration engineering, cutting design and troubleshooting time by up to 70 percent.
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World Bank Highlights Saudi AI Progress in New Regional Economic Report
A World Bank economic report examined Saudi AI investments, noting an enterprise adoption rate of 28% and over 1.2 million people trained in digital skills.
Mambu and Mastercard Collaborate to Connect Core Banking with Global Money Movement
Mambu has integrated Mastercard Move into its core banking platform to simplify international money transfers for financial institutions.
Hayat National Hospitals Group Rebrands as Hayat Healthcare
Hayat National Hospitals Group has unveiled its unified corporate identity as Hayat Healthcare, supporting a network of 2,250 hospital beds across Saudi Arabia.
Infobip Projects 7.3 Billion Black Friday Interactions as Shoppers Adopt AI Tools
Infobip estimates holiday communications will exceed 7.3 billion interactions this season, with research showing 63% of shoppers now use AI tools.
Workshop X Releases 2027 Events and Knowledge Economy Outlook
Workshop X has released its 2027 outlook detailing five core trends set to transform corporate events and forums across Saudi Arabia.
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
eXp Realty Connects Agent Data to AI Assistants via Open Protocol
eXp Realty has launched a protocol connecting internal real estate data directly to Claude and ChatGPT, serving as the first stage of its AGNT OS rollout.
NEOPAY Agrees to Acquire 65% Controlling Stake in noon payments
NEOPAY has signed a definitive agreement to acquire a 65% stake in noon payments, expanding operations across the UAE, Saudi Arabia, and Egypt.
Global Trade Accelerates as AI Demand Drives Record Levels in DHL Report
The DHL Globalization Tracker reports that AI infrastructure demand drove trade growth in early 2026, offsetting tariffs and regional conflicts.
Saudi Lynx Racing Team Secures First Place at STEM Racing Championship
Saudi Arabia’s LYNX Racing team won first place at the STEM Racing World Championship in Singapore following technical evaluations in miniature car engineering.
MIPIM Middle East Unveils Inaugural Programme for Debut Riyadh Edition
MIPIM Middle East revealed its debut Riyadh programme for October 20-21, 2026, assembling global institutional investors, regional developers, and policymakers.
Almarai Unveils $4 Billion Capital Investment Plan for 2026 to 2031
Almarai presented its 2026 to 2031 growth roadmap in Riyadh, outlining more than 4 billion dollars in capital spending across manufacturing and distribution.
Nissan Unveils Navara Pro Pickup for Global Markets
Nissan introduces the Navara Pro pickup for international markets, featuring specialized powertrains and global manufacturing from China.
EVIQ, Hala Auto, and DSV Partner on Logistics Fleet Electrification in Saudi Arabia
EVIQ, Hala Auto, and DSV partner to accelerate logistics fleet electrification in Saudi Arabia through electric vans, charging hubs, and depot support.
ADPIC and PATRIZIA Form Partnership for Infrastructure Projects in Abu Dhabi
ADPIC and PATRIZIA signed an infrastructure agreement in Munich to advance project delivery and capital co-investment across Abu Dhabi.
GEMS Education Launches GR8 School Model Integrating AI and Human Mentors
GEMS Education unveiled GR8 School, combining adaptive software, dedicated mentorship, and industry access. The new model will soft launch in January 2027.
Ookla Report Finds Gulf Mobile Networks Outperform European Markets in Network Resilience
Ookla reports Gulf mobile networks beat 80 percent of European markets in congestion resistance, maintaining high stability during peak traffic and Ramadan.
Saudi ICT Deals and Policy Roundup for Week 41 of 2026
A weekly overview of Saudi tech investments, enterprise data centre awards, EV developments, and connectivity initiatives for October 2026.