Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Mastercard and Monak advance financial inclusion for unbanked workers across MENA with launch of digital financial services platform
Dubai, UAE; 8 August 2025: Mastercard has joined forces with Monak, an Oman-based fintech company, to launch a digital financial services platform that enhances cross-border money transfers for migrant workers and improves wage disbursement and onboarding processes for employers. The platform also reduces the cost and complexity traditionally associated with basic financial services, thereby supporting […]
GMG and Amazon Announce Strategic Partnership to Expand Innovative Digital Retail Experiences for Customers across the Middle East and North Africa
The partnership combines Amazon’s advanced technology, fast delivery capabilities, and trusted online shopping expertise, with GMG’s extensive retail portfolio across the Middle East and North Africa (MENA) Dubai, UAE, July 30, 2025 – GMG, a global well-being and retail conglomerate, has announced a landmark partnership with Amazon in the Middle East and North Africa (MENA) […]
Social Development Bank Launches “Asir: Craftsmanship Celebration” to empower productive families
Abha – August 2, 2025 The Social Development Bank launched the “Asir: Craftsmanship Celebration” event as part of the “Asir is More Beautiful” Diwaniya, in strategic partnership with the Italian Institute of Contemporary Art, an expert in artistic jewelry design and production that focuses on empowering craftsmen and freelancers in the Asir region. The event […]
SRC Signs a Real Estate Finance Portfolio Purchase Agreement with Bank Albilad
Riyadh, KSA, 31 July 2025 – The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a real estate finance portfolio purchase agreement with Bank Albilad. The signing took place in the presence of His Excellency Majid bin Abdullah Al-Hogail, the Minister of Municipalities and Housing and Chairman of SRC, alongside Mr. Nasser […]
Employee Happiness Awards launches in Riyadh, recognises Kingdom’s best workplaces
Inaugural KSA edition honours organisations leading with people, not perks Aug 02, Riyadh, KSA: The first edition of the Employee Happiness Awards KSA was held last week at the Holiday Inn Riyadh – Al Qasr, bringing together finalists, jury members, and HR leaders to celebrate some of the Kingdom’s most forward-thinking employers. The event marked […]
Emaar The Economic City and Al Tahaluf Partner to Launch Luxury Villa Communities in KAEC’s Al Murooj
Emaar The Economic City and Al Tahaluf sign an agreement to develop luxury villas in KAEC’s Al Murooj district. Project set to launch in late 2025 with resort-style living on the Red Sea coast.
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Selat Tech: Driving the Digital Future from the Heart of Saudi Arabia
In a world increasingly shaped by technology, Selat Tech emerges as a pioneering Saudi company transforming the digital landscape across the region. Headquartered in Riyadh, Selat Tech specializes in delivering cutting-edge solutions in digital transformation, artificial intelligence, and enterprise automation—positioning itself as a strategic enabler of Vision 2030. Founded with a clear mission to empower […]
Aramco and Arthur D. Little Release Insights on Leveraging AI for Carbon Market Integrity in FII Institute’s White Paper
Riyadh, Saudi Arabia, 30 July, 2025.: The Future Investment Initiative (FII) Institute, in collaboration with Aramco and Arthur D. Little (ADL), announces the release of a white paper titled “AI-Enabled Carbon Markets: Identifying AI Solutions for the Voluntary Carbon Industry.” The publication explores how artificial intelligence (AI) could improve transparency, accuracy, and efficiency in the […]
EazyPay brings Mastercard Receivables Manager to Bahrain to streamline B2B virtual card payments
Manama, Bahrain; 29 July 2025: Eazy Financial Services (EazyPay) has announced the launch of Mastercard Receivables Manager in Bahrain. EazyPay has become the first acquirer in the market to adopt the innovative solution that enhances virtual card payment processing for businesses. Mastercard Receivables Manager enables EazyPay to support merchants in automating their business-to-business (B2B) virtual […]
Al Fardan Exchange Deepens Ties with Pakistani Community in the UAE via Upgraded Consulate Centre
29 July 2025, Dubai, United Arab Emirates: Al Fardan Exchange, one of the UAE’s most trusted and long-standing financial services providers, has supported the renovation and infrastructure upgrades of the Consulate General of Pakistan, Dubai. As part of this enhanced experience, the consulate now features a dedicated Customer Engagement Centre powered by Al Fardan Exchange.This […]
GCG Enterprise Solutions Unveils Dedicated IT Services Website
Development Marks a New Era in Digital Transformation July 29, 2025 – Dubai, UAE: GCG Enterprise Solutions, a leading name in enterprise technology has proudly unveiled its dedicated IT Services website: www.gcg.ae/IT. This milestone marks the latest step in the Company’s strategic evolution from a traditional print services provider to a comprehensive IT solutions leader, […]
PFG marks five years of investing in the GCC’s innovation economy
(SVC) and PIF-backed Jada Riyadh, Saudi Arabia and Dubai, United Arab Emirates – 29 July 2025 – Partners for Growth (“PFG” or the “Firm”), the global investment firm pioneering structured growth debt, is celebrating five years of investing in the Gulf Cooperation Council (“GCC”), a region where venture capital ecosystems are rapidly maturing but companies […]
Social Development Bank launches the second phase of the “Art Bank” initiative
Riyadh – July 28, 2025 The Social Development Bank (SDB) launched the “Art Bank 7” event as part of the second phase of the Art Bank initiative. In line with Vision 2030, the event has been launched to empower Saudi Arabia’s rapidly growing community of gifted artists and creators to fulfil their potential. Shining a […]
HCLSoftware Accelerates Saudi Arabia’s Vision 2030 with XDO Blueprint at Riyadh Executive Summit
Riyadh, Saudi Arabia (July 28, 2025): HCLSoftware, a global leader in enterprise software solutions, is deepening its commitment to Saudi Arabia’s Vision 2030 digital transformation agenda through strategic technology investments, positioning the Kingdom as the Middle East’s leading digital powerhouse. At the recently concluded Executive Summit in Riyadh, attended by over 60+ senior executives from […]
Jensen Huang: AI Will Create More Millionaires in 5 Years
NVIDIA’s CEO says AI is the “greatest equalizer,” predicting a surge in new millionaires as small, focused teams build AI-first companies. NVIDIA CEO Jensen Huang predicts that artificial intelligence will create more millionaires in the next five years than the internet did in the previous two decades. He framed AI as “the greatest equalizer of […]
stc Reports SAR 7.47 Billion Net Profit in H1 2025 on Sustainable Growth and Cost Efficiency
stc posts H1 2025 net profit of SAR 7.47bn (+13.38%), stronger margins, network records during Hajj, wider 5G coverage, and new cloud and digital partnerships.
Wipro Saudi Electric Deal Enhances Smart Grid
Wipro secures a multi-year Smart Meter Data Management deal with Saudi Electric Company. Learn how this partnership enhances grid efficiency. Title: Wipro Saudi Electric Deal Enhances Smart Grid
Saudi Fund for Development Participates in the Inauguration of New Expansion of Velana International Airport in the Maldives
Malé, Maldives – July 26, 2025 In the presence of His Excellency Dr. Mohamed Muizzu, President of the Republic of the Maldives, The Saudi Fund for Development (SFD) Chief Executive Officer H.E. Sultan Al-Marshad, participated in the official inauguration ceremony of the new Expansion of Velana International Airport in Malé. Along with the Ambassador of […]
Decarbonizing Retail in KSA: Tamimi Markets and Yellow Door Energy Sign Solar Lease
The signing ceremony took place at Tamimi Markets’ Head Office in Al Khobar July 24, 2025 Al-Khobar, KSA: Tamimi Markets, one of the most prominent and trusted names in Saudi Arabia’s retail sector, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and Africa, have signed a solar lease […]
Saudi–Syria Forum Announces SAR 19bn in Investments, 38 MoUs Across 11 Sectors
Saudi–Syria forum delivers SAR 19bn in announced investments and 38 MoUs spanning real estate, ICT, energy, and more—advancing regional stability.
World Defense Show 2026 Nears Sell-Out
ISTANBUL, TURKEY – 23 July 2025: World Defense Show (WDS), founded by the General Authority for Military Industries (GAMI) in Saudi Arabia, today announced it has already secured 90% of its exhibitor space for its upcoming 2026 edition. This announcement coincides with WDS’s attendance at IDEF 2025 in Istanbul, Turkey, where the WDS team is engaging […]
Saudi Arabia’s Hakbah Recognized by CNBC as one of World’s Top Fintechs in 2025
Local Tech Startup Unleashes the Power of AI on Traditional Social Savings Practice to Make Major Impact on User Lives, National Household Savings Strategy Riyadh, Saudi Arabia, 23 July 2025 – Saudi Arabia’s Hakbah was named one of the ‘World’s Top Fintechs in 2025’ by CNBC for the company’s growth track record, increase in savings […]