Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Sumerge and HRSD Mark Completion of Three Digital Transformation Projects in Riyadh
Sumerge and the Ministry of Human Resources and Social Development marked the completion of three digital government projects in Riyadh on March 1, 2026. The projects support Saudi Vision 2030 objectives.
Bel Group Saudi Food Bank Partnership Delivers 20,000 Ramadan Meal Boxes in Jeddah
Bel Group and Saudi Food Bank packed 20,000 fresh Iftar meal boxes in Jeddah for the third consecutive Ramadan, with participation from Chef Sama Jaad and teams from both organizations.
Saudi Families Shift to Practical Gifts Ahead of Ramadan, YouGov Study Shows
Saudi families favor practical gifts for Ramadan, per YouGov study. AliExpress lowers shipping thresholds to aid preparations.
Emerson Receives Saudi Aramco Local Manufacturers Quality Award
Emerson received the 2026 Saudi Aramco Local Manufacturers Quality Award for manufacturing excellence. The recognition aligns with Vision 2030 and IKTVA program goals.
Bitget Launches Multi-Asset Trading for MENA Users in Traditional Finance
Bitget has launched multi-asset trading for MENA users, integrating TradFi assets like forex and equities with cryptocurrencies. The single-platform approach streamlines access amid regional market diversity.
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Aljazira Bank Contributes SAR 1 Million to Ehsan Platform’s Sixth Charity Campaign
Aljazira Bank donated SAR 1 million to the Ehsan platform for the sixth National Charity Campaign. The move supports Saudi Vision 2030 community goals.
Euro Systems Opens First Saudi Showroom in Riyadh’s Al Olaya District
Euro Systems has opened its first Saudi showroom in Riyadh’s Al Olaya district, offering a 3,552 sq. ft. space for architectural product evaluation and technical consultation.
SADAFCO Declares SAR 8 Per Share Cash Dividend as Full-Year Revenue Reaches SAR 2.99 Billion
SADAFCO approved a cash dividend of SAR 8 per share for H2 2025, totalling SAR 255.7 million. Full-year revenue reached SAR 2.99 billion, up 4.96% year-on-year.
DCO Launches Global Campaign to Counter Online Misinformation and Strengthen Digital Trust
The Digital Cooperation Organization launched the global ‘Ctrl+Alt+Delete’ campaign on February 19, 2026, to counter online misinformation and build trust in the digital economy.
Rasan Reports 82% Revenue Growth to SAR 653 Million in FY 2025
Rasan Information Technology Company reported 82% revenue growth to SAR 653 million in FY 2025, with adjusted net income nearly tripling to SAR 269 million.
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
Riyadh Office Market Maintains 98.5% Grade A Occupancy in Q4 2025
Riyadh’s office market maintained 98.5% Grade A occupancy in Q4 2025, with average rents reaching SAR 2,333 per sqm and over 700 global companies establishing regional headquarters.
Saudi Non-Oil Economy Enters Export-Driven Growth Phase, PwC Report States
PwC Middle East report states Saudi Arabia’s non-oil economy, now 56% of GDP, is entering an export-driven growth phase focused on competitiveness and productivity.
Moody’s Establishes Regional Headquarters in Riyadh
Moody’s Corporation establishes regional headquarters in Riyadh, expanding its presence in Saudi Arabia to support capital market development and Vision 2030 initiatives.
AliExpress Ramadan Sale Launches in Saudi Arabia with Founding Day Tribute
AliExpress launches its annual Ramadan sale in Saudi Arabia, timed with Founding Day celebrations and featuring Saudi footballer Feras Al Brikan alongside heritage items and fast delivery options.
Rabigh 1 Expansion Power Plant Reaches Major Milestone with SAR 5.33 Billion Energy Agreement
ELSEWEDY ELECTRIC PSP and Siemens Energy reach major milestone for Rabigh 1 Expansion Power Plant with SAR 5.33 billion Energy Conversion Agreement. The 1,200 MW facility will serve 500,000 residential units annually.
METCO Saudi Arabia Signs Strategic Defense Localization Agreements at World Defence Show
METCO Saudi Arabia signed strategic defense localization agreements at World Defence Show with Smiths Detection, Teledyne FLIR, and Destinus to support Saudi Vision 2030 industrial goals.
EY KSA and Microsoft Collaborate on Consulting Services Through EY Studio+
EY KSA and Microsoft announced a collaboration to deliver consulting services through EY Studio+ in Saudi Arabia, combining industry expertise with AI and cloud technologies.
sarcc Signs Agreement with MAWREF for 12,000-Bed Worker Accommodation in Riyadh
sarcc and MAWREF signed an agreement to develop a 12,000-bed worker accommodation project in North Riyadh with operations starting in Q1 2029.
iHerb Opens Riyadh Fulfillment Center to Accelerate E-Commerce Delivery in Saudi Arabia
iHerb opened a 40,000-square-meter fulfillment center in Riyadh on February 16, 2026, operated by CJ Logistics to reduce delivery times across Saudi Arabia and MENA.
Middle East M&A Activity Surges 33% in 2025 with 635 Completed Deals
Middle East M&A activity surged 33% in 2025 to 635 completed deals, driven by intra-regional transactions and renewed foreign investment confidence.
WAM Saudi 2026 Convenes Global Leaders in Riyadh for Advanced Manufacturing Summit
WAM Saudi 2026 commenced in Riyadh, bringing together global leaders for a three-day summit on advanced manufacturing and logistics under ministerial patronage.
talabat Reports Q4 2025 Results with 21% GMV Growth and $421 Million Dividend
talabat reported Q4 2025 GMV growth of 21% to $2.5 billion with adjusted EBITDA of $156 million. The company announced $421 million in total dividends for 2025.