Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Advancing Saudi Vision 2030: Technology as a Cornerstone for Growth
Saudi Arabia continues to work towards achieving the goals of Vision 2030, which relies on innovation and advanced technology to drive the development of key sectors. This ambitious vision is part of a comprehensive strategy to stimulate the national economy and expand the knowledge base, solidifying the Kingdom’s position regionally and globally. Technological innovation is […]
NSG and Esri Global Join Forces to Advance Geospatial Innovation at
Esri Saudi User Conference 2025 Riyadh, KSA, January 22, 2025 – Neo Space Group (NSG), a PIF company and Saudi Arabia’s leading provider of commercial space services, is pleased to announce the signing of a Memorandum of Understanding (MoU) with Esri Global Inc., the world leader in Geographic Information System (GIS) technology. This landmark agreement was finalized […]
إي آند العلامة التجارية الأسرع نمواً في العالم
دافوس، 21 يناير 2025: حققت “إي آند”، مجموعة التكنولوجيا الرائدة عالمياً، نمواً استثنائياً جديداً في قيمة علامتها التجارية، لتصبح “العلامة التجارية الأسرع نمواً في العالم” وفقاً لتقرير براند فاينانس جلوبال 500″ لعام 2025، والذي صدر خلال المنتدى الاقتصادي العالمي في دافوس. ويظهر هذا التصنيف الزيادة الكبيرة في قيمة العلامة التجارية للمجموعة بمقدار ثمانية أضعاف عن العام الماضي، […]
Boehringer Ingelheim Earns Global and Regional Top Employer Recognitions Scoring High in Individual Career Development
Dubai, United Arab Emirates, January 21, 2025: For the second consecutive year, Boehringer Ingelheim, one of the world’s leading biopharmaceutical companies, has received a ‘Top Employer’ award for the region during the 2025 edition of the Top Employers Institute awards in recognition of the company’s commitment to professional development and employee wellbeing. In addition to the […]
ACCIONA IS CERTIFIED AS ‘2025 TOP EMPLOYER’ IN TWELVE OF ITS MAIN MARKETS
GLOBAL LEADERSHIP 95% of ACCIONA’s staff works in countries where the firm received the certificate SAUDI ARABIA, JANUARY 20TH, 2025. ACCIONA has once again achieved the prestigious Top Employer certificate across multiple countries, including Spain, Brazil, Mexico, Australia, the United States, Canada, Chile, South Africa, Peru, and the Philippines. Notably, ACCIONA has earned this certification for […]
DUBAI SOUTH AND EXPEDITORS SIGN AGREEMENT TO OPEN A NEW FACILITY AT THE LOGISTICS DISTRICT
Dubai, United Arab Emirates – 20 January 2025: Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, and Expeditors International of Washington, Inc. (NYSE: EXPD), a Fortune 500 global logistics company, today announced the signing of an agreement for the launch of a new facility for Expeditors at Dubai South’s […]
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Armada and Newlab Partner to Build a Global Edge Startup Ecosystem
DETROIT & RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)– Armada, a leader in edge computing infrastructure, and Newlab, a venture platform for critical technology startups, today announced a strategic partnership to foster the growth of a global startup ecosystem focused on edge and AI applications. Together, the two organizations aim to address industrial-scale challenges across sectors such as […]
Genetec highlights top Physical Security trends for 2025
In 2025, the physical security industry will focus on maximizing existing investments to enhance security, increase efficiency, and boost collaboration between teams. Dubai, 20 January 2025 — Genetec Inc. (“Genetec”), the global leader in enterprise physical security software, today shared its top predictions for the physical security industry in 2025. Practicality will overcome hype. Organizations are becoming more […]
TASC Unveils Riyadh Co-working Space to Cater to Saudi Arabia’s Growing SMEs
Riyadh, Saudi Arabia, 20 January 2025: TASC, the GCC’s leading provider of business and workforce solutions, recently announced the launch of its co-working spaces office in Riyadh, Saudi Arabia. This strategic initiative aligns with Saudi Arabia’s Vision 2030 and aims to cater to businesses’ evolving needs and contribute to the Kingdom’s ambitious transformation agenda. Small and medium-sized firms (SMEs) drive […]
Sahm App Celebrates 1st Anniversary and 1 Million Users with Exclusive Workshop in Riyadh
Riyadh, Saudi Arabia – January 20th, 2025 – Sahm App, the first all-in-one online trading platform in Saudi Arabia, celebrated a significant milestone with its users at a highly anticipated workshop in Riyadh. The event marked Sahm App’s remarkable achievement of surpassing 1 million users within just one year of its launch. The workshop provided an opportunity for […]
ACWA Power Marks Milestone Entry into China’s Renewable Energy Market
Riyadh, Saudi Arabia – 20 January 2025: Today, ACWA Power, the world’s largest private water desalination company, leader in energy transition, and first mover into green hydrogen, announced its formal entry into China’s renewable energy market with investment agreements for over 1GW of projects across multiple provinces. This milestone marks a key step in ACWA Power’s China […]
PIF announces completion of investment in Saudi Reinsurance Company
PIF announced today that it has acquired a 23.08% stake in Saudi Reinsurance Company (Saudi Re) by way of a capital increase and subscription to new shares, with the suspension of preemptive rights in accordance with Capital Market Authority regulations. PIF’s capital investment aims to enhance Saudi Re’s growth potential by adding to its financial […]
NMDC Energy inaugurates advanced fabrication yard in Saudi Arabia to drive regional growth
Dammam, KSA: 14 January 2025 – NMDC Energy PJSC (ADX: NMDCENR), a provider of engineering, procurement and construction services for offshore and onshore energy clients, and a majority-owned subsidiary of NMDC Group PJSC (ADX: NMDC), has inaugurated an advanced fabrication yard in Ras Al Khair, Saudi Arabia, representing the next phase of its strategic regional and […]
ACWA Power Marks Milestone Entry into China’s Renewable Energy Market
Riyadh, Saudi Arabia – 14 January 2025: Today, ACWA Power, the world’s largest private water desalination company, leader in energy transition, and first mover into green hydrogen, announced its formal entry into China’s renewable energy market with investment agreements for over 1GW of projects across multiple provinces. This milestone marks a key step in ACWA Power’s China […]
Aqualia Begins Operations in Peru with a Wastewater Treatment Project in Chincha Province
The company has been awarded the design, financing, construction, operation, and maintenance of a wastewater treatment system in Chincha (Peru), which will directly benefit 345,000 people. The initiative, which involves an investment of €92 million, was declared of interest in October 2024 by ProInversión, the Peruvian agency for the promotion of private investment. The new […]
Deloitte Middle East appoints Simon Cuerden as Forensic & Financial Crime leader
Middle East – 13 January 2025: Deloitte Middle East announced today the appointment of Simon Cuerden as Forensic & Financial Crime leader for the region. Having spent 22 years as partner at Deloitte UK, he is an industry veteran with experience serving client across different global markets including the Middle East. “This is a strategic appointment […]
Supporting Government Entities in Their Digital Transformation Journey in the Kingdom
Huawei Cloud Joins the National Framework Agreement for Cloud Services with Expenditure & Projects Efficiency Authority (EXPRO) Riyadh, Saudi Arabia, January 13, 2025 – In a significant milestone, Huawei Cloud has been officially enrolled with Saudi Arabia’s Expenditure & Projects Efficiency Authority (EXPRO) Cloud National Framework Agreement. This strategic development enables Huawei Cloud to provide advanced […]
Boost Your Beginning-of-Year Sales: Digital Tools to Drive E-Commerce Growth and Marketing Success for Saudi Businesses
JEDDAH – As the new year starts, businesses across the MENA region are gearing up for the year to come. To help businesses get started early to maximize their sales growth into the new year, GoDaddy offers a suite of AI-powered tools designed to streamline e-commerce, optimize marketing strategies, and boost visibility in a competitive market. […]
TDF Drives Tourism Future at Saudi Tourism Forum 2025
Riyadh – January 12, 2025: The Tourism Development Fund (TDF), the national enabler of Saudi Arabia’s tourism sector, successfully concluded its role as an official partner of this year’s Saudi Tourism Forum, held January 7 to 9 in Riyadh. The high-profile event brought together key players from the global and local tourism industries, including investors, […]
MARKING FOUR YEARS OF LEADERSHIP IN THE KINGDOM’S PROPTECH MARKET, WASLAT ANTICIPATES A FIVE-FOLD REVENUE INCREASE BY 2028
The platform strengthens Saudi Arabia’s real estate offering with cutting-edge AI solutions, empowering over 750,000 users Riyadh, Kingdom of Saudi Arabia; 13 January 2025: Wasalt—the most advanced digital real estate platform specializing in real estate services—has emerged as a transformative leader in Saudi Arabia’s PropTech landscape within a short period of 4 years, redefining the real […]
GE Vernova brings decades of energy sector localization expertise to Aramco’s iktva 2025
Dammam, Saudi Arabia (January 12, 2025) – GE Vernova, Inc. (NYSE: GEV) is participating in Aramco’s In-Kingdom Total Value Add (iktva) Forum & Exhibition 2025 taking place from 13 – 16 January at the Dhahran Expo in Dammam, Saudi Arabia. In its 10th year, iktva 2025 is Aramco’s premier event bringing together stakeholders to discuss past progress and […]
FedEx Boosts Cross-Border E-Commerce Growth in the UAE and Saudi Arabia
Dubai, UAE, January 9, 2025 — Federal Express Corporation (FedEx), the world’s largest express transportation company, has launched FedEx® International Connect Plus (FICP) in the United Arab Emirates (UAE) and Kingdom of Saudi Arabia, a shipping solution ideal for e-commerce packages weighing up to 20 kg. This new international, day-definite, service combines speed with competitive rates, connecting e-tailers in […]