Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Global Trade & Supply Chain Summit to Discuss Innovating in an Era of Shocks and Shifts
Fifth Annual Economist Impact Summit to take place in Dubai from October 1st–2nd 2025 The global trading system has shattered, as long-held certainties over rules, alliances and norms are jettisoned. New trade relations and commercial routes are being established. What might the future look like, who wins and loses—and what can companies do to prepare? […]
Saudi Arabia’s Global Reputation Shifts Positively,
Driven by Vision 2030 and Economic Diversification Saudi Arabia, 22nd July 2025 – Saudi Arabia’s global reputation has seen a significant positive transformation, according to CARMA’s 5th Edition of the Kingdom Reputation Report. The report indicates a notable increase in positive sentiment and a decline in negative media coverage, largely attributed to the country’s Vision 2030 […]
AMD appoints Almaha Albulaihe to drive business development in Saudi Arabia
AMD has appointed Almaha Albulaihe as a Territory Executive to increase support for customers and partners in the Kingdom of Saudi Arabia (KSA). Albulaihe joins AMD from her previous role as an Emerging Technologies Expert at the Ministry of Communications and Information Technology of Saudi Arabia (MCIT) – bringing a wealth of public sector experience […]
JLL’s strategic advisory bolsters institutional confidence in Saudi healthcare sector as Specialized Medical Company (SMC) achieves landmark $500M IPO
Firm’s strategic counsel instrumental in landmark $500M IPO of leading Saudi healthcare provider, demonstrating robust investor appetite Riyadh, Saudi Arabia; 21 July 2025 – JLL, a leading global commercial real estate advisory and investment management company, has successfully delivered comprehensive market due diligence for theInitial Public Offering (IPO) of Specialized Medical Company (SMC), a prominent […]
ACCIONA LIVING & CULTURE APPOINTS YANNIC LEVEQUE AS VICE PRESIDENT FOR THE MIDDLE EAST
RIYADH, JULY 21, 2025.ACCIONA Living & Culture is pleased to announce the appointment of Yannic Leveque as Vice President for the Middle East, marking a key milestone in the company’s strategic expansion across the region, particularly in the Kingdom of Saudi Arabia. Yannic brings over 20+ years of international experience in architecture, construction, and cultural […]
Saudi Arabia’s Global Reputation Shifts Positively, Driven by Vision 2030 and Economic Diversification
Saudi Arabia’s global reputation has seen a significant positive transformation, according to CARMA’s 5th Edition of the Kingdom Reputation Report. The report indicates a notable increase in positive sentiment and a decline in negative media coverage, largely attributed to the country’s Vision 2030 initiatives, economic diversification, and growing soft power. The latest insights from CARMA’s […]
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Nvidia H20 AI Chips China Sales Resume, Influencers React
Nvidia H20 AI chips China sales resumption creates major buzz among tech influencers, signaling potential $30B+ revenue boost and market dominance. Read the full analysis.=
Platform Global 2025 Announces the Energy Transition Forum
Investing in the energy transition for AI Data Centre Campus growth London, UK, 17 July 2025: The Energy Transition Forum at Platform Global 2025 has been announced and brings acute focus to the evolution of Energy as data centre campuses and factories deploy globally and its ability to service AI infrastructure. Platform Global 2025, now […]
Dubai Future Foundation Deputy CEO Unveils Vision for Innovation Hub as Nothing Phone 3 Makes Regional Debut
Dubai Future Foundation’s Deputy CEO outlines the emirate’s bold innovation strategy during the Nothing Phone 3 launch, emphasizing experimentation, transparency, and human-centered design as key pillars of technological leadership.
Social Development Bank Launches “Education Financing” Product to Empower Students on Their Academic Journey
Riyadh – 16 July 2025: The Social Development Bank (SDB) has launched the “Education Financing” product, aimed at empowering students to pursue their post-secondary education through digital financing solutions. The product seeks to expand access to knowledge and provide financial support to ambitious students at the diploma, bachelor’s, and master’s levels. This initiative aligns with […]
Lucidya Raises USD30 Million in Largest AI Funding Round in MENA
RIYADH, Saudi Arabia, July 14, 2025 (GLOBE NEWSWIRE) — Lucidya, MENA’s leading AI-Powered customer experience management (CXM) platform, has announced the close of its USD30 million Series B round—the largest AI investment ever raised in the region. The round was led by Impact46, the Saudi VC behind IPOs Jahez and Rasan. New participants included Aramco’s […]
Middle East Energy Boom Defies Global Volatility with 68% Growth Surge, EIC Reveals
Region thrives by investing in both hydrocarbons and clean energy technologies UAE and Saudi Arabia surge ahead in AI, logistics, and digital infrastructure Fragmented localisation rules and freight capacity could strain regional momentum DUBAI – July 2025: The Middle East is powering ahead of global energy markets. According to the Energy Industries Council’s (EIC) latest […]
Airalo Becomes the First eSIM Unicorn With an Investment Round of $220m
Backed by strong global demand, Airalo is scaling its eSIM solutions and infrastructure to power the next generation of travel with borderless mobile access for consumers and businesses alike. LEWES, Del.–(BUSINESS WIRE)– Airalo, the world’s first and largest eSIM provider, today announced a $220m investment led by new investor, CVC. The investment includes new growth capital […]
ELEVATE Expands Worldwide as ICAIRE Aims to Empower 25,000 Women in AI
The International Center for Artificial Intelligence Research and Ethics (ICAIRE), a UNESCO Category II Center based in Riyadh, has officially launched the second phase of its global initiative, ELEVATE, aimed at training 25,000 women worldwide in artificial intelligence and emerging technologies. Developed in collaboration with Microsoft, the initiative provides women across the globe with access […]
US Export Controls on AI Chips Boost Domestic Innovation in China
The discussion around advanced chips for artificial intelligence, driven by billions in investment, dreams of artificial general intelligence, and marred by political concerns over security, has entered a stage of intense competition between nations. NVIDIA achieved revenues of over US$80 billion from data center GPUs alone in 2024; however, with significant stock going to nations […]
TDF Launches 3 Programs to Empower Tourism Entrepreneurs and Startups
Riyadh, Saudi Arabia – July 9, 2025: The Tourism Development Fund (TDF) – the national enabler of Saudi Arabia’s tourism sector- has announced the launch of 3 flagship programs designed to support and empower entrepreneurs and startups. The initiatives – the Grow Tourism Incubator, Tourism Hackathons & Bootcamps, and Grow Tourism Accelerator – are delivered […]
Amazon Payment Services Partners with Tamara to Offer Seamless Split Payments for Merchants in the UAE and Saudi Arabia
Seamless integration of Tamara will enable businesses in the UAE and KSA to provide flexible payment options, generate broader customer reach, and enhance customer conversion rates Merchants in the Amazon Payment Services network now have even more ways to deliver a simple and flexible payment experience Riyadh, Saudi Arabia, July 9th, 2025 – Amazon Payment […]
NEO SPACE GROUP CELEBRATES FIRST ANNIVERSARY WITH MAJOR MILESTONES, STRATEGIC ACQUISITIONS AND NEW CLIENTS
Saudi Arabia’s leading commercial satellite services company expands capabilities through strategic partnerships, executive appointments, and a rapidly growing client base, driving the Kingdom’s space leadership in line with Vision 2030. Riyadh, Saudi Arabia – July 7, 2025: Neo Space Group (NSG), a PIF company and Saudi Arabia’s leading commercial satellite services provider, celebrates its first-year […]
Vertiv demonstrates mission-critical infrastructure solutions in Saudi Arabia
Riyadh, Saudi Arabia – [July 7, 2025] – Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, organised and presented a high-impact switchgear and busbar training event in Riyadh, Saudi Arabia, in collaboration with local partners Mohammed Mansour Al-Rumaih (MMR KSA), a subsidiary of MDS SI Group, and specialized electrical power distributor SBLT. The event […]
STC Bank Recognized as Best Digital Bank in Saudi Arabia
STC Bank has been awarded the title of the “Best Digital Bank in Saudi Arabia” at the second edition of the Best in Business Awards, organized by Inc. Arabia Magazine in Riyadh. STC Bank started off as a wallet in 2018 and serviced 14 million users before it launched as a full-fledged bank earlier this […]
Aligned with Saudi Vision 2030, “Petromin” and “Foton” Sign a Four-Party MoU To Establish Joint Commercial Vehicle Manufacturing Plant in Saudi Arabia
Riyadh, Saudi Arabia – June 2025 As part of the Kingdom’s Vision 2030 ongoing efforts to strengthen its industrial sector and localize high-value manufacturing, Petromin Corporation, Foton, the Ministry of Investment, and the National Industrial Development Center signed a four-party Memorandum of Understanding to explore the establishment of an integrated commercial vehicle manufacturing plant in […]
CARMA Launches 5th Edition of Kingdom Reputation Report at High-Profile Event in Riyadh
Riyadh, Saudi Arabia – 3rd July 2025: CARMA, the global leader in media intelligence and research solutions, in partnership with SOCIALEYEZ, the Middle East’s leading team of creative strategists, and Cicero & Bernay, a leading communications consultancy, officially launched the Fifth Edition of the landmark Kingdom Reputation Report during an exclusive event held at Crowne […]