Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Tech meets culture and lifestyle: IFA Berlin 2025
Berlin, 6 September 2025 – IFA Berlin 2025 focuses on the interconnection of technology,culture and lifestyle. Visitors can see and experience the latest technologies and trends upclose, both indoors and outdoors. The IFA Sommergarten invites you to concerts. IFA Sommergarten sold out The varied and cross-generational programme of the IFA Sommergarten has been very wellreceived […]
Social Development Bank Highlights Successes of the Art Bank Initiative, in the Presence of Her Royal Highness Princess Haifa bint Abdul Mohsen
Riyadh – September 4, 2025 In the presence of Her Royal Highness Princess Haifa bint Abdul Mohsen, Director of Development and Partnerships at the Culture and Arts Society in Riyadh, and CEO of the Social Development Bank (SDB), Eng. Sultan Al-Hamidi, the SDB, in cooperation with the Culture and Arts Society, organized a media meeting […]
Revolutionising Saudi Arabia Construction: DesertBoard’s Palm Waste Innovation Takes Centre Stage in Riyadh
RIYADH, Saudi Arabia, Aug. 31, 2025 (GLOBE NEWSWIRE) — DesertBoard, the Middle East’s leading innovator in sustainable building material for construction solutions, will debut its flagship Palm Strand Board (PSB®) at the Saudi Wood Expo 2025, marking its first major showcase in the Kingdom. Manufactured from agricultural palm waste—an abundant, underused resource in the region—PSB® […]
Kyndryl Appoints Nidal Azba as Managing Director for Saudi Arabia
Riyadh, Saudi Arabia – September 1, 2025 – Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced the appointment of Nidal Azba as Managing Director for Kyndryl in Saudi Arabia. In this newly expanded role, Nidal will oversee Kyndryl’s business in the Kingdom and strengthen its contribution to Saudi Arabia’s digital transformation under Vision 2030, while continuing […]
stc group Launches ‘sccc by stc’ as New Identity For its Cloud Subsidiary
Riyadh, Saudi Arabia, 31 August 2025 –stc group, a leading digital enabler, has introduced “sccc by stc” as the new identity for its cloud service subsidiary, formerly known as the Saudi Cloud Computing Company (sccc). This new identity underscores the company’s commitment to empowering Saudi Arabia’s key sectors with hyperscale cloud infrastructure and secure that […]
Fans to be given unparalleled access as McLaren Racing announces Mastercard as Official Naming Partner of the McLaren Formula 1 Team from 2026
Riyadh, Saudi Arabia – 28 August 2025: McLaren Racing has today announced that Mastercard is set to become Official Naming Partner of the McLaren Formula 1 Team from 2026 onwards. Starting next season, the team will be known as the McLaren Mastercard Formula 1 Team, with the move representing an exciting new era not only […]
Ad
Social Development Bank Unveils ‘FranchiseGo’ Forum and Partnerships for Sector Growth
Riyadh – August 26, 2025 The Social Development Bank launched today in Riyadh, the “Franchise Go” Forum, attended by senior bank officials and representatives from various partner entities. The event witnessed wide participation from entrepreneurs, brand owners, and both local and international experts. The first day of the forum featured a comprehensive program of panel […]
OSOOL REAL ESTATE ACHIEVES LEED GREEN BUIDLING CERTIFICATIONS FOR ENERGY AND ENVIRONMENTAL DESIGN
Riyadh, Kingdom of Saudi Arabia – August 26, 2025: Osool Integrated Real Estate Company, a leading player in the investment and management of real estate assets, has proudly announced that three of its landmark properties have been awarded globally recognized LEED (Leadership in Energy and Environmental Design) certifications. This major achievement underscores Osool’s commitment to […]
SRC Launches Saudi Arabia’s First RMBS to Boost Real Estate Finance Market
Riyadh, Saudi Arabia – 25 August 2025: The Saudi Real Estate Refinance Company (SRC), a PIF company, has announced the launch of the Kingdom’s first Residential Mortgage-Backed Securities (RMBS). This landmark transaction forms part of SRC’s efforts to develop the capital markets and enhance liquidity in the real estate finance sector by introducing, for the […]
Whish Money collaborates with Mastercard Move to bring seamless cross-border payments to Lebanon
Users in Lebanon can send money abroad to over 50 countries, while Lebanese living overseas can send money home Saudi Arabia: 21 August 2025: Whish Money has collaborated with Mastercard to enable inbound and outbound remittance flows for consumers in Lebanon. People in Lebanon can send money abroad to over 50 countries, while Lebanese living […]
Vertiv Completes Acquisition of Great Lakes Data Racks & Cabinets
Acquisition strengthens the company’s leadership position in high-density integrated infrastructure solutions for data centers and critical digital environments Dubai, UAE [August 22, 2025] – Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure, today announced the successful completion of its previously reported intent to acquire the Great Lakes Data Racks & Cabinets […]
Fortinet Reports $1.63 Billion Revenue in Q2 2025
Highlights Fortinet® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the second quarter ended June 30, 2025. reporting revenue of $1.63 billion, up 14% year-over-year. SASE Growth The company’s unified SASE platform achieved 22% growth in annual recurring revenue (ARR), while cybersecurity operations revenue increased […]
Social Development Bank Launches “Franchise Go” Forum Featuring Local and International Speakers to Promote Franchising Culture
Riyadh – August 19, 2025 The Social Development Bank (SDB) has announced the upcoming “Franchise Go” Forum, scheduled to take place in Riyadh from August 26 to 28. This event is part of the Bank’s strategic initiative to empower entrepreneurs to confidently navigate the franchising landscape, aiming to open new paths for expansion through successful […]
Beltone Mortgage Successfully Concludes its First EGP1.32 Billion Securitization Issuance
Cairo – August 19, 2025: Beltone Mortgage has successfully completed its first securitized bond issuance, with a total value of EGP1.32 billion. Beltone Investment Banking, acted as Financial Advisor, Lead Arranger and Bookrunner. The issuance, executed under Beltone Securitization’s second program, attracted strong investor demand with 2.3x oversubscription, reflecting market confidence in the quality of […]
MONEY20/20 MIDDLE EAST BRINGS TOGETHER THE VOICES DRIVING FINTECH FORWARD
Global fintech regulators, visionary founders, and investment heavyweights to take the stage in Riyadh this September Riyadh, Saudi Arabia – 14 August 2025 – Money20/20 Middle East, the premier platform for the fintech and financial community, hosted by the Financial Sector Development Program, Saudi Central Bank (SAMA), Capital Market Authority, Insurance Authority and co-organised by […]
Moro Hub Awards Green Certificate to Imperium Software Technologies for Sustainable Cloud Hosting
Imperium Software Technologies is projected to save approximately 43,969 KgCO₂e of carbon emissions Dubai, UAE, 8 August 2025: Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), has presented a Green Certificate to Imperium Software Technologies for adoption of sustainable tech solutions hosted on Moro Hub’s Green […]
The Saudi Real Estate Refinance Company Signs a Portfolio Acquisition Agreement With Arab National Bank
Riyadh, KSA – 8 August 2025 – The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a new agreement with Arab National Bank to acquire a real estate finance portfolio in the presence of His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipalities and Housing and Chairman of the Board of the […]
Vertiv Launches OneCore for AI & HPC Data Centers
Vertiv launches OneCore to speed deployment of scalable prefabricated infrastructure for AI, HPC, and 5+ MW high-density data centers.
Tarabut Secures UAE Central Bank Approval for Open Finance Expansion
Tarabut secures UAE Central Bank approval, becoming the first fintech licensed for Open Finance in UAE, Saudi Arabia, and Bahrain.
Deloitte Middle East Launches ME Tax Pulse: A Mobile App for Smarter, Real-Time Tax Intelligence, with an AI powered assistant
Middle East, August 5th, 2025 – Deloitte Middle East today announced the launch of ME Tax Pulse, a next-generation mobile application designed to deliver timely, relevant, and region-specific tax insights to professionals across the Middle East. ME Tax Pulse brings together real-time regulatory updates, expert commentary, and curated content across a wide spectrum of tax […]
Alat & TK Elevator Secure Approvals for €160M Saudi JV
Riyadh, Saudi Arabia, August 5, 2025 – Alat, a PIF company, and TK Elevator (TKE), a global leader in vertical transportation and urban mobility, today confirmed receipt of all statutory and regulatory approvals required to close their €160 million joint venture (JV) and Alat’s 15% equity investment in TKE. The approvals mark the completion of […]
Tarabut Wins CBUAE In-Principle Approval for Open Finance
Tarabut secures CBUAE in-principle approval for Open Finance, adding the UAE to Bahrain and Saudi Arabia to advance embedded finance and inclusion in MENA.