Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Mastercard Cyber Resilience KSA: New Center Launched
Mastercard launches its new Cyber Resilience Center in KSA, enhancing Mastercard Cyber Resilience KSA efforts with Riyad Bank. Discover how this boosts regional cybersecurity. Learn more!
ACCIONA Global Water Awards: Two Top Wins
ACCIONA has proudly announced significant victories at the recent ACCIONA Global Water Awards, hosted by Global Water Intelligence magazine in Paris on May 19th, 2025. The company secured two highly coveted awards, underscoring its leadership in the global water sector. These accolades recognize ACCIONA’s innovative solutions in both desalination and sewage treatment, highlighting major projects […]
Mastercard Appoints Saud Swar as Country Manager for Saudi Arabia, Bahrain, Jordan & Levant
Mastercard appoints Saud Swar as Country Manager for Saudi Arabia, Bahrain, Jordan, and Levant, enhancing its leadership team and expanding regional impact.
ALEC FITOUT Expands Saudi Team 10x to Support Museum, Hospitality, and Entertainment Projects
Riyadh, Saudi Arabia – May 13, 2025: ALEC FITOUT is making a significant investment in the Saudi Arabian market, scaling its local team tenfold to meet the surging demand for luxury hospitality, museum, cultural, and themed entertainment projects. With a current management staff of 160, the company is ramping up its workforce to enhance its […]
Wallet Top-Ups UAE: Checkout.com & du Pay Partner
Discover how Checkout.com and du Pay are revolutionizing wallet top-ups UAE. This new partnership enhances financial accessibility across the nation.
PIF and Hyundai Launch Hyundai Motor Manufacturing Middle East in Saudi Arabia
PIF and Hyundai have launched Hyundai Motor Manufacturing Middle East in Saudi Arabia, a groundbreaking automotive plant producing 50,000 vehicles annually.
Ad
PayPal and Perplexity Forge Conversational-Commerce Alliance for Summer 2025
PayPal will power in-chat checkout on Perplexity Pro this summer, bringing seamless PayPal & Venmo payments, shipping and invoicing to AI-driven shopping in the U.S.
Parsons Selected as Delivery Partner for King Salman International Airport
Parsons has been selected as the Delivery Partner for King Salman International Airport, providing project management services for airfield and landside assets.
Saudi Arabia to Build 180,000 Hotel Apartments by 2034
Saudi Arabia plans to build 180,000 hotel and serviced apartments by 2034 for the FIFA World Cup, transforming its infrastructure and hospitality sector.
Saudi Giga Projects Summit 2025 Highlights Mega Contracts and World Records
Saudi Giga Projects Summit 2025 highlights $20bn in contracts, world’s tallest indoor climbing wall, and major updates from Diriyah, Sports Boulevard, and AlUla.
Oracle’s Commitment to Saudi Arabia and President Trump’s Vision for Global Prosperity
RIYADH, Saudi Arabia – May 13, 2025 – Oracle remains committed to the Kingdom of Saudi Arabia’s Vision 2030, which is now accelerating at lightning speed because of President Trump. The investment of $14 billion over the next 10 years will bring the world’s best cloud and AI technology to the Kingdom, empowering greater innovation and […]
Areeb Capital Secures SAR 5.8 Billion Financing Agreement with Saudi National Bank
Areeb Capital, a leading real estate asset management company in Saudi Arabia, has signed a SAR 5.8 billion financing agreement with Saudi National Bank (SNB). This strategic deal will enhance Areeb Capital’s investment capabilities in the real estate sector, supporting its expansion plans and boosting its status as a leading player in real estate fund management.
Ant Digital Technologies Unveils AI-Powered FinTech Solutions at Dubai FinTech Summit 2025
Dubai, UAE – May 13, 2025: Ant Digital Technologies, a leader in emerging technologies, made a significant impact at the Dubai FinTech Summit 2025, unveiling its advanced AI-powered FinTech solutions, including the revolutionary Agentar platform, ZOLOZ, and mPaaS. This marks the company’s first-ever global showcase, highlighting its commitment to driving financial inclusion, digital trust, and […]
Travel Trends 2025: Wellness, Nature, and Culinary Adventures Lead EEMEA Travel Growth
The Mastercard Economics Institute has released its Travel Trends 2025 report, highlighting key travel patterns in the EEMEA region. Wellness retreats, nature adventures, and global culinary experiences are driving growth, with Saudi Arabia, South Africa, Namibia, and Istanbul emerging as top destinations. The report offers insights into how these trends are shaping consumer preferences across Eastern Europe, the Middle East, and Africa.
Lockheed Martin and AIC Steel Achieve Key Milestone in THAAD Launcher Production in Saudi Arabia
Lockheed Martin and AIC Steel have celebrated a major milestone in the local production of THAAD launcher components in Saudi Arabia. This achievement highlights the successful collaboration between the two companies and their commitment to bolstering the defense industrial base in the Kingdom. The milestone also aligns with Saudi Vision 2030 and strengthens the American defense supply chain.
GII Proudly Celebrates the Landmark IPO of zSpace in Nasdaq Bell Ringing Ceremony in New York
8 May 2025, Dubai (UAE): Gulf Islamic Investments (GII), a leading global alternative investment company based in the GCC, was honoured to participate in the iconic Nasdaq bell-ringing ceremony in New York City on Tuesday, May 6, 2025, marking the successful public offering of an allocation of zSpace, Inc. shares on the US Nasdaq in […]
GBS Partners with Huawei Cloud to Expand Bespoke Cloud Offerings in Saudi Arabia
Riyadh, Saudi Arabia, 8th May 2025: Gulf Business Solutions (GBS), a leading provider of technology solutions in Saudi Arabia, has announced a strategic partnership with Huawei Cloud, marking a significant milestone in its ongoing innovation strategy and commitment to meeting the Kingdom’s rising demand for advanced, tailored cloud services. This collaboration allows GBS to significantly […]
Saudia Dairy & Foodstuff Company Announces Strategic Digital Transformation Partnership with SAP and NTT DATA-IGSA
6 May 2025, Jeddah, Saudi Arabia: Saudia Dairy & Foodstuff Company (SADAFCO), the market leader in long-life (UHT) milk, tomato paste and ice cream, is proud to announce a strategic collaboration with SAP and NTT DATA, marking a major milestone in its digital transformation journey and commitment to long-term sustainability. SAP, a global leader in […]
Blue Yonder Acquires Pledge, Expanding Its End-to-End Supply Chain Platform With Accredited Carbon Emissions Reporting
The acquisition accelerates Blue Yonder’s sustainability roadmap and gives customers comprehensive insight to reduce carbon footprint and supply chain inefficiencies DUBAI, UAE – May 1, 2025: Blue Yonder, the world leader in end-to-end digital supply chain transformation, today announced it acquired the business of Pledge Earth Technologies Ltd. (“Pledge”), including its global supply chain sustainability […]
Opella launches as an independent company to redefine the future of self-care.
UAE, 5 May 2025 – It is official: Opella is now a standalone company. Sanofi announced today the closing of the sale to CD&R of a 50.0% controlling stake of Opella, Sanofi keeping a significant shareholding with a 48.2% stake and Bpifrance owning a 1.8% stake. Opella is stepping into its next chapter with powerful […]
Sohar International Bank Opens Riyadh Branch to Boost Oman‑Saudi Investment
Sohar International inaugurates its Riyadh branch, strengthening Oman‑Saudi economic ties and offering innovative, customer‑centric banking solutions.
Lilly reports first-quarter 2025 financial results and highlights pipeline momentum
May 2025: Eli Lilly and Company (NYSE: LLY) today announced its financial results for the first-quarter of 2025. “Lilly had a solid start to the year, with 45% year-over-year revenue growth driven by strong sales of Mounjaro and Zepbound,” said David A. Ricks, Lilly chair and CEO. “Our pipeline continued to deliver across key therapeutic […]