Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Huawei Leads Middle East Hybrid Cloud Market as Digital Transformation Accelerates
Huawei Cloud Stack has secured the top position in the Middle East Hybrid Cloud market per an Omdia report. This leadership reflects a growing regional demand for data sovereignty and localized AI, directly supporting the digital infrastructure goals of Saudi Vision 2030.
DeveGo 2025 Entrepreneurship Forum Concludes with 51 Strategic Agreements in Riyadh
The DeveGo 2025 entrepreneurship forum wrapped up in Riyadh with 25,000 participants and 51 strategic agreements. The event featured the launch of specialized financing products by the Social Development Bank and the new Saudi Empretec Fellowship in partnership with UNCTAD.
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Kuwait to Host DCO General Assembly 2026 Focusing on AI Prosperity
The DCO General Assembly 2026 in Kuwait City will gather leaders from 60 countries to discuss “Inclusive Prosperity in the Age of AI.” The event marks a strategic effort to align regional digital infrastructure and trade with global standards.
Salam Award Promising Projects: Empowering Five Emerging Startups at DeveGo 25
Salam has announced five winners of the Salam Award for Promising Projects at the DeveGo 25 forum. The initiative, aligned with Saudi Vision 2030, provides cash prizes and a platform for startups like BioNet and Qawel Tech to scale their innovative solutions.
SDB Strengthens National Entrepreneurship with 51 Strategic Agreements at DeveGO25
SDB announced 51 agreements at DeveGO25 to support startups, freelancers, and productive families under Vision 2030.
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SpeakUp AI Platform Secures Historic Live Investment on ‘The Final Pitch Dubai’
Dubai-based event tech startup secures direct investment and reaches 60k downloads. Valuation hits $60M.
SUSE Saudi Arabia Launch Formalizes Open Source Operations
SUSE establishes formal Saudi entity to deliver open source infrastructure solutions and develop local technical talent
Riyadh Residential Sales 2025 Hit SAR17.6 Billion in Q3
Cavendish Maxwell report: Riyadh residential market adds 57,000 units over 2026-2027 as Q3 sales reach SAR17.6 billion with quarterly growth of 19%
Aljazira Bank Launches New Identity Under “Wealth Grows Here” Slogan
Saudi bank launches “Wealth Grows Here” slogan as part of strategic transformation focused on wealth management and digital services
PayTabs and BEDE Kuwait Partner to Accelerate Digital Commerce
PayTabs BEDE Kuwait partnership introduces BEDE Shop, enabling Kuwaiti merchants to launch online stores in minutes with secure payment solutions.
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
Bank Albilad Wins Visa Travel Award for Travel Pass Credit Cards
Saudi bank recognized for Shariah-compliant travel credit cards with airline miles and hotel points across global programs.
Desert Technologies Astronergy Agreement Brings 13 MWp Solar to Northern Saudi Arabia
Saudi renewable firm Desert Technologies partners with Astronergy for N-Type solar modules to power Northern Region under Vision 2030.
Salam Sponsors DeveGo25 Entrepreneurship Forum in Riyadh
Etihad Salam Telecom sponsors DeveGo25 entrepreneurship forum with new award for startups. Event runs Dec 21-23 in Riyadh.
SADAFCO Ranks Among Top Saudi Firms for Corporate Governance in 2024
SADAFCO ranks among top non-financial firms in corporate governance on Tadawul for 2024, earning Alfaisal CGI excellence recognition. Learn more.
Comera Finance Receives NBFC License from UAE Central Bank
Comera Finance receives CBUAE approval to operate as Non-Banking Financial Company, offering retail and wholesale financing across the UAE.
Sahm Huawei Smartwatch App Launches for Saudi Investors
The Sahm Huawei smartwatch app brings real-time trading to wearables in Saudi Arabia. Discover features and Vision 2030 fintech alignment.
DeveGo 2025 Entrepreneurship Forum Opens with SAR 8 Billion Pledge
Social Development Bank commits SAR 8 billion annually to entrepreneurs as DeveGo forum launches in Riyadh with UNCTAD partnership.
What Does 500 Global’s Morocco Partnership Mean for Africa’s Startup Ecosystem?
500 Global selected to support Morocco’s Startup VB program. What this means for African founders, MENA venture capital, and regional ecosystem development.
Social Development Bank to Host DeveGo 2025 Entrepreneurship Forum in Riyadh
Three-day event features international speakers, startup competitions, and new financial products for Saudi entrepreneurs
Mastercard Achieves Guinness World Record in Saudi Arabia with 50-Nation Football Campaign
Mastercard achieves Guinness World Record in Riyadh as 50 nationalities pass football along Highway 10. Details on the Priceless Dribble campaign.
Alhamrani Universal Deploys AI Fraud Prevention for Saudi Payment Networks
Saudi fintech provider Alhamrani Universal strengthens payment security with AI-powered fraud detection across Middle East digital channels.
ARIS Process Mining Launches in Saudi Arabia for AI-Ready Operations
ARIS launches its On-Prem Process Mining platform in Saudi Arabia, delivering AI-ready process intelligence aligned with Vision 2030 through locally hosted technology for enhanced enterprise digital transformation.