Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
CARMA and Earned First Form Strategic Reputation Measurement Partnership for PRAXIS MENA 2026
CARMA partners with Earned First to advance reputation measurement capabilities ahead of PRAXIS MENA 2026, featuring the launch of UAE’s first Country Reputation Report in Dubai.
Loylogic Unveils 2026 Vision for AI Loyalty Rewards Marketplace
Loylogic announces 2026 strategic vision focusing on AI loyalty rewards marketplace intelligence as Middle East loyalty market reaches $3.27 billion with 16.3% annual growth, combining advanced analytics with robust compliance framework.
Workshop X Signs Strategic MoU Partnership with Ghoraf Al-Ahliya Foundation
Workshop X signs strategic MoU with Ghoraf Al-Ahliya Foundation to advance knowledge-driven community initiatives and social responsibility programs across Saudi Arabia through collaborative framework.
LG Electronics Partners with Elegance Cabinet to Manufacture Smart Home Solutions in Saudi Arabia
LG Electronics partners with Elegance Cabinet Company to manufacture smart home solutions in Saudi Arabia, combining global technology expertise with local manufacturing capabilities to meet regional market demand and support Vision 2030 industrial goals.
Five Critical GCC Economic Trends Shaping 2026
PwC Middle East identifies five critical economic trends shaping GCC economies in 2026: trade diversification, supply chain security, AI deployment, workforce adaptation, and fiscal resilience amid global challenges and lower oil revenues.
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Standard Chartered Predicts 4.5% Saudi Arabia GDP Growth in 2026
Standard Chartered forecasts robust 4.5% GDP growth for Saudi Arabia in 2026, outperforming global averages through oil sector recovery and non-oil expansion, despite rising leverage concerns and projected twin deficits.
UL Solutions Partners with Saudi Electricity to Advance Fire Safety Standards
UL Solutions and Saudi Electricity Company sign MOU to advance fire safety standards, deliver specialized training programs, and strengthen fire protection across Saudi Arabia’s energy infrastructure through strategic collaboration.
Four Winds Saudi Arabia Joins Saudi-French Business Council to Expand International Partnerships
Four Winds Saudi Arabia Limited joins the Saudi-French Business Council to strengthen international partnerships and support Vision 2030’s goals of positioning the Kingdom as a global logistics hub through enhanced French cooperation.
Lenovo Appoints Tarek Alankari as Senior Vice President for Middle East, Turkey and Africa
Lenovo appoints Tarek Alankari as Senior Vice President and President for Middle East, Turkey and Africa, effective January 2026, to lead regional expansion from Saudi headquarters.
Hexagon: Saudi Arabia Launches World’s Largest Government Data Center with 480MW Capacity
SDAIA breaks ground on Hexagon, the world’s largest government data center with 480MW capacity and Tier IV certification in Riyadh.
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
INFINITI Saudi Arabia Strengthens Market Presence Through Manahil International Partnership
INFINITI Saudi Arabia partners with Manahil International to deliver Japanese luxury automotive experiences across the Kingdom, featuring QX80, QX60, and QX55 models through integrated showrooms and service centers.
Biren Technology Makes Historic IPO Debut as Hong Kong’s First GPU Company
Biren Technology makes history as the first GPU company to list on Hong Kong Stock Exchange in 2026, opening at HK$35.7 per share with strong market performance and advanced AI computing solutions.
Bupa Arabia Sustainability Report 2024 Showcases Environmental and Social Progress
Bupa Arabia’s 2024 sustainability report reveals impressive environmental progress with 58% diesel reduction, healthcare expansion to 2,400 orphans, and elimination of 150,000 plastic containers, supporting Saudi Vision 2030 goals.
Social Development Bank Achieves 2025 Development Goals with SAR 8 Billion
Social Development Bank achieves all 2025 development targets with SAR 8 billion in financing, supporting 100,000 citizens and businesses while expanding non-financial services across Saudi Arabia.
LG CES 2026 Unveils Vision for Affectionate Intelligence Technology
LG CES 2026 showcases Affectionate Intelligence with Zero Labor Home, ThinQ UP platform, advanced displays, gaming innovations, and software-defined vehicles. Experience technology that learns and adapts to human needs.
Unifonic Jordan Expansion Strengthens Regional Digital Transformation
Unifonic expands operations in Jordan to drive regional digital transformation with its AI-native customer engagement platform, receiving strong government support and highlighting Jordan’s growing tech ecosystem.
Farnek Becomes Official Provider of Renewable Energy Certificates in UAE
Farnek officially registered as approved provider of International Renewable Energy Certificates under Evident Registry, supporting UAE corporate decarbonization efforts through Emirates Carbon platform and EKOenergy partnership for LEED Zero certification compliance.
Elite Group Holding Wins Superbrands UAE 2025 Award and Partners with Goumbook for Sustainability
Elite Group Holding wins Superbrands UAE 2025 award and partners with Goumbook for sustainability initiatives, launching two new hybrid SUVs to promote greener mobility across the UAE market.
Huawei Cloud Saudi Arabia Expands Partner Ecosystem to Accelerate Digital Transformation
Huawei Cloud Saudi Arabia hosted its Partner Day, Recruitment & Appreciation Gala at the InterContinental Riyadh on December 22, 2025, bringing together over 150 partners from across the Kingdom. The event showcased one of Saudi Arabia’s fastest-growing cloud ecosystems, directly supporting the nation’s digital transformation initiatives across multiple industries. Strategic Partnership Growth in Saudi Market […]
Tech Sector Sustainability Could Unlock $800 Billion in Value by 2030
New World Economic Forum report reveals the technology sector could unlock $800 billion in value by 2030 through nature-positive sustainability practices, addressing massive environmental impacts from data centres, semiconductor manufacturing, and e-waste production.
Canton Fair Digital Platform Spotlights Lighting and Tools in December Sector Hub
Canton Fair’s digital platform launches December sector hub focusing on lighting products, electrical equipment, and tools, offering international buyers access to innovative Chinese manufacturers and IoT-ready solutions through four integrated sections.
The Inference Pivot: Behind NVIDIA’s $20 Billion Strategic Move for Groq
NVIDIA has secured Groq’s specialized inference technology in a $20 billion licensing and talent deal. This strategic pivot signals a shift from generalized GPUs to specialized LPUs as NVIDIA moves to dominate the high-margin AI inference market and defend against Google’s TPU expansion.