Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
PwC: Buyers in KSA & UAE Pay 7% More for Green Homes
November 18, 2025; Riyadh, Kingdom of Saudi Arabia – A new PwC Middle East survey has revealed a decisive shift in the GCC housing market, where sustainability has matured from a differentiator to a baseline expectation. Homebuyers in Saudi Arabia and the UAE are now willing to pay an average 7% premium for homes with […]
Google Cloud Saudi Summit Highlights SAR 31B Economic Impact
Riyadh, Saudi Arabia — November 18, 2025 — The second annual Google Cloud Saudi Summit concluded yesterday in Riyadh, gathering over 2,500 in-person attendees—a diverse audience of leaders, innovators, and visionaries—under the theme: “In the Cloud: The New Reality of Saudi Innovation.” The event served as a powerful showcase of Google Cloud’s deep commitment to […]
Paymentology Launches PayCredit to Boost Credit Innovation
New credit solution integrates card issuing and credit ledger management, helping financial institutions in the region reduce complexity and accelerate time to market. Riyadh, Saudi Arabia – 17 November 2025 – Paymentology, the leading global issuer-processor, has announced the launch of PayCredit, an advanced credit ledger platform designed to help digital banks and financial institutions […]
LG RELEASES THIRD-QUARTER 2025 FINANCIAL RESULTS
Strong Performance in Home Appliance and Vehicle Solutions Drives Second-Highest Third-Quarter Revenue in Company History Riyadh, Saudi Arabia, Nov. 16, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of KRW 21.87 trillion and operating profit of KRW 688.9 billion for the third quarter of 2025. The Home Appliance Solution (HS) Company and Vehicle […]
Midad and Kerzner Form JV to Bring Atlantis, One&Only to Jeddah
Riyadh, Saudi Arabia, 13 November 2025: Midad Real Estate Company has announced a landmark joint venture with Jeddah Central Development Company (JCDC), a Public Investment Fund (PIF)-owned company, and Kerzner International, the global hospitality leader behind the iconic Atlantis and One&Only brands. The signing took place at TOURISE Global Summit, in attendance of the Ministry of […]
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DIB Successfully Issues Debut Sustainability-Linked Financing Sukuk
Dubai, UAE – 14 November 2025: DIB, the world’s first Islamic bank and the largest in the UAE (rated A3 by Moody’s and A by Fitch), announced that it has successfully accessed the international Sukuk market with a USD 1 billion Sustainability-Linked Sukuk, priced at a profit rate of 4.572% per annum with a tenor […]
Social Development Bank Launches DeveGo 2025 Forum
Riyadh, 12 November 2025 As part of its commitment to transforming Saudi entrepreneurship and empowering Small and Emerging Enterprises to grow and thrive in a rapidly evolving global economy, the Social Development Bank (SDB) has announced the second edition of the Entrepreneurship and Modern Business Practices Forum (DeveGo 2025). Established under the patronage of His […]
The Regional Edition of the “Microsoft Intelligent Manufacturing Award (MIMA)” is now in the Middle East
Riyadh, Saudi Arabia; 09 November 2025: Roland Berger Middle East, in partnership with The Ministry of Industry and Mineral Resources, Microsoft Arabia, and Shurfah Holding, has announced the launch of the regional edition of the Microsoft Intelligent Manufacturing Award (MIMA) in the Kingdom of Saudi Arabia — one of the world’s most prestigious awards recognizing […]
Wadi Jeddah and Jeddah Municipality Sign Agreement to Enhance Digital Transformation and Innovation in Municipal Services
[Riyadh, Kingdom of Saudi Arabia – 06 November 2025] – Wadi Jeddah Company, the investment and innovation arm of King Abdulaziz University, announced the signing of a cooperation agreement with the Jeddah Municipality during the Digital Government Forum, a national platform that brings together public and private sector leaders to advance digital transformation and exchange […]
Deloitte Middle East Launches Human Capital Trends 2025 Report: Navigating Work in the Age of AI, Agility, and Human Sustainability
The report explores how AI, skills-based models, and human sustainability are reshaping the future of work across the region, as employers balance empowerment and control to deliver growth Dubai, UAE – November 4th, 2025: Deloitte Middle East has launched its Human Capital Trends Report 2025, unveiling eight timely studies that examine the evolving relationship between […]
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LG Releases Third-Quarter 2025 Financial Results
Strong Performance in Home Appliance and Vehicle Solutions Drives Second-Highest Third-Quarter Revenue in Company History Dubai, United Arab Emirates, November 3, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of KRW 21.87 trillion and operating profit of KRW 688.9 billion for the third quarter of 2025. The Home Appliance Solution (HS) Company and […]
Abu Dhabi-Based NIP Group Expands Global Bitcoin Mining Capacity, Becoming Largest in MENA
Abu Dhabi, United Arab Emirates – November 3, 2025 – 16:30 UAE time: Abu Dhabi-based NIP Group Inc. (“NIPG”) (NASDAQ: NIPG), a leading global digital entertainment company, today announced a major expansion of its Bitcoin mining and high-performance computing operations, increasing its total capacity to approximately 11.3 EH/s. This milestone strengthens NIP Group’s position among […]
GE Vernova announces start of operations at Jafurah Cogeneration ISPP in Saudi Arabia
Riyadh, Saudi Arabia (November 3, 2025): GE Vernova Inc. (NYSE: GEV) announced that Jafurah Cogeneration Independent Steam and Power Plant (ISPP) achieved the start of commercial operations. The plant is located approximately 125 kilometers southeast of Dammam, Saudi Arabia. GE Vernova provided a holistic solution including the core power plant equipment, its 7HA.01 gas turbine, […]
stc Group Reports Record Revenues of SAR 58 Billion
Riyadh, Kingdom of Saudi Arabia, 03 November 2025 – stc today announced the company’s preliminary financial results for the period ending at 30 September 2025: Commenting on the financial results for the nine months period of 2025, Eng. Olayan Alwetaid, CEO of stc Group, noted that the Group continues to maximize its revenues from various […]
PIF-Backed Diriyah Company Awards Parsons SAR 210 million Contract for Design and Construction Supervision in Saudi Arabia
Riyadh, Saudi Arabia, 30 October 2025– Parsons Corporation (NYSE: PSN) announced today that the company was awarded a contract for Phase 2 of the Diriyah project by Diriyah Company, a Public Investment Fund (PIF)-owned company in the first half of 2025. This SAR 210 million (USD 56 million); 5-year contract represents new work for Parsons […]
Al-Futtaim Commits SAR 10 Billion to Saudi Arabia, Reinforcing Strategic Partnership with Vision 2030 at FII
The multi-billion SAR strategic investment positions Al Futtaim as a key driver of localisation, talent development, and diversified growth in Saudi Arabia Riyadh, Saudi Arabia; 29 October 2025: Al-Futtaim, one of the region’s most diversified conglomerates, today announced a strategic commitment of SAR 10 billion (approximately USD 2.72 billion) in investments over the next three years in Saudi […]
Supply Chain Challenges Impact 32% of Middle Eastern Executives
Riyadh, 29 October 2025 – Global Supply resilience has made its way back to CEO and Boardroom agendas, with 32% of executives citing they have encountered supply chain challenges. Lack of internal expertise in capital expenditure (CAPEX) procurement and ESG considerations, coupled with product shortages and supplier appetite are key risk factors for energy CAPEX […]
Chair of the Board and Chief Executive Officer of Citi Jane Fraser Inaugurates Regional Headquarters Office in Saudi Arabia
Launches Future-Ready Youth Employment and Skills Program in the Middle East and North Africa RIYADH, Saudi Arabia – October 27, 2025 – Citi announced the official opening of its new Regional Headquarters in Riyadh, Saudi Arabia, located at Kingdom Tower. Citi formally received its license for the Regional Headquarters from the Ministry of Investment and the […]
Banke Expands into South Africa, Solidifying Its Broader International Growth Strategy
Dubai, UAE – 28th October 2025 – Banke International Properties today announced the opening of its first branch in Johannesburg, The new Hyde Park Lane office brings Banke’s international expertise closer to South African clients, offering access to real estate opportunities across the UAE and other global markets. The move comes at a time when […]
Deloitte Middle East secures UAE Ministry of Finance pre-approval for InTax ahead of e-invoicing rollout
Dubai, UAE, October 27th 2025: Deloitte Middle East announced that it has received pre-approval from the UAE Ministry of Finance for its proprietary tax technology solution, InTax, as an Accredited Service Provider for the upcoming UAE e-invoicing mandate. This marks a significant milestone as the UAE prepares for the phased introduction of mandatory e-invoicing. From […]
4th Digital Transformation Kuwait Conference to Advance Vision 2035 Through Innovation and Collaboration
Event held in collaboration with the Central Agency for Information Technology (CAIT) Kuwait City, Kuwait: The 4th edition of the Digital Transformation Kuwait Conference is set to take place on 17–18 November 2025 at the Jumeirah Messilah Beach Hotel, in collaboration with the Central Agency for Information Technology (CAIT). The event will bring together leaders […]
EEIC and Emerald Ecotechnologies Demonstrate 90% Cost Savings in Water Disinfection at WETEX 2025
October 19, Dubai, UAE – Emerald Ecotechnologies, LLC, together with its Authorized Partner in the UAE, Emirates Electrical & Instrumentation Company (EEIC) – a Ghobash Group Enterprise – concludes a successful showcase of their flagship Aquachlor® Mixed Oxidant Generators at WETEX 2025, held at the Dubai World Trade Centre from 30 September to 2 October. […]