Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Huawei AI Banking Solutions Get Major Upgrade at MWC Barcelona 2026
Huawei upgraded its AI banking solutions at MWC Barcelona 2026, cutting AI agent development cycles from months to weeks and reducing response latency by over 60%.
Fakeeh Care Group Posts SAR 3.1 Billion Revenue in FY 2025, Up 11% Year on Year
Fakeeh Care Group reported SAR 3.1 billion in FY 2025 revenue, up 11% year on year, while serving 1.9 million patients across its expanding network of hospitals and clinics in Saudi Arabia.
GSMA Calls for New Regulatory Framework to Govern LEO Satellite Services
The GSMA proposed at MWC26 Barcelona that LEO satellite constellations require new regulatory frameworks, citing consumer protection and investment concerns.
ZTE and SURGE Launch World’s First Commercial 5G FWA 1.4GHz Service in Indonesia
ZTE and SURGE launched the world’s first commercial 5G FWA 1.4GHz service in Indonesia on February 19, 2026, offering speeds up to 100 Mbps at approximately US$6 per month.
Software Escrow Saudi Arabia: How Organisations Can Move from Policy to Practice
Escode’s Middle East director outlines practical steps for organisations in Saudi Arabia to implement software escrow following the CST guideline, covering verification, governance, and SaaS considerations.
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W7Worldwide Releases International Women’s Day Video on Women’s Role in Success
W7Worldwide produced a 62-second video for International Women’s Day, depicting four symbolic scenes of women as mothers, wives, daughters, and sisters supporting achievement.
Loyalty Programs Ramadan 2026: GCC Market Set for Record Engagement as Spending Peaks
The GCC loyalty market is projected to reach $3.27 billion in 2025, with Ramadan 2026 expected to drive record engagement across retail, travel, and banking sectors.
Omnix International Awarded Dubai AI Seal by Dubai Centre for Artificial Intelligence
Omnix International received the Dubai AI Seal from the Dubai Centre for Artificial Intelligence on March 5, 2026. The recognition validates the company’s AI delivery capabilities across government and enterprise sectors.
Huawei’s Eric Yang Outlines AI Agents Telecom Strategy at MWC Barcelona 2026
Huawei’s Eric Yang outlined a strategy for telecom operators to integrate AI agents into home services, voice, and enterprise operations at MWC Barcelona 2026. The keynote identified key scenarios where AI can drive new revenue and operational efficiency.
Vertiv PowerBar Track Double Stack Busway System Targets AI Data Center Power Demands
Vertiv has launched a double-stack busway system under the PowerBar Track family, targeting high-density AI data centers with configurations up to 2500A and live reconfiguration capability.
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
ITU and OECD Chiefs Warn Digital Policy Fragmentation Threatens Global Growth
ITU and OECD chiefs warned at MWC26 that fragmented digital policy risks slowing innovation and widening the digital divide, with 2.2 billion people still offline.
AI Energy Intelligence: Bidgely Presents Strategy at IDC European Utilities Xchange in Valencia
Bidgely delivered the keynote at IDC European Utilities Xchange in Valencia, presenting AI-driven strategies for smart meter data and grid modernization across Europe.
PLD Space Closes €180M Series C Led by Mitsubishi Electric to Scale Global Launch Operations
PLD Space closed a €180 million Series C round led by Mitsubishi Electric, bringing total funding past €350 million as the company targets 30 launches per year by 2030.
Audi Q3 Third Generation Launches in Saudi Arabia Starting at SAR 199,500
The third-generation Audi Q3 is now on sale in Saudi Arabia, starting at SAR 199,500, with two engine options and both SUV and Sportback body styles available.
Aduna Expands Network API Ecosystem at MWC 2026, Reaching 40 Mobile Operators
Aduna reported major ecosystem growth at MWC 2026, partnering with 15 providers and expanding network API coverage to 40 mobile operators across 13 countries.
JOSLOC and NANCO Sign Lubricants Supply Agreement to Support Saudi Fleet Operations
JOSLOC and NANCO signed a strategic lubricants supply agreement on February 8, 2026, in Riyadh. The deal covers advanced lubricant solutions for NANCO’s fleet operations across Saudi Arabia.
Panasonic Launches Green Impact Ramadan Campaign to Promote Sustainable Living Across the GCC
Panasonic Middle East & Africa has launched the Green Impact Ramadan Campaign, a GCC-wide sustainability initiative encouraging eco-friendly habits during the Holy Month.
LG Electronics Presents HVAC Component Solutions for Commercial Rooftop Systems at AHR Expo 2026
LG Electronics showcased a full lineup of HVAC component solutions for commercial rooftop systems at AHR Expo 2026 in Las Vegas. The portfolio includes scroll compressors, EC motors, and EC fans designed to meet upcoming 2029 U.S. DOE energy standards.
European Telecom Chiefs Warn Sovereignty Gap Is Widening at MWC26
Top executives from Deutsche Telekom, Telefonica, and Eutelsat warned at MWC26 that Europe risks falling further behind the US and China on digital sovereignty.
From Connectivity to Intelligence: MTN’s Bold Leap from Telco to Techco at MWC 26
Explore MTN Group’s strategic evolution as CEO Ralph Mupita discusses AI, fintech, and the $2.2B IHS Towers deal at MWC 26 Barcelona.
AI Network Capacity Crisis Looms as Personal CEO Warns of Perfect Storm at MWC26
Personal CEO Roberto Nobile warned at MWC26 that AI-driven inference traffic could require a ninefold increase in network capacity, creating a perfect storm for operators already facing flat revenues.
LG Electronics Targets Twofold Revenue Growth in Saudi Arabia, India and Brazil by 2030
LG Electronics reported combined revenue of KRW 6.2 trillion in Saudi Arabia, India and Brazil in 2025, up more than 20 percent from 2023. The company targets a doubling of that figure by 2030 through localized production and market-specific strategies.