Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Huawei and Partners Launch Industry Ecosystem Integration Solution Partnership Program
— Aligning Strengths for an Intelligent Future [Dubai, UAE, October 15, 2025] During GITEX GLOBAL 2025, Huawei, in collaboration with Shandong Bittel Intelligent Technology Co., Ltd (Bittel) and South Korea’s Solum, officially unveiled the “Industry Ecosystem Integration Solution Partnership Program”. This initiative aims to empower global enterprises with innovative services and accelerate business growth. In […]
Huawei Showcases Partner Park at GITEX Global 2025:
Driving Digital Transformation Across Oil & Gas, Education, Finance, and Transportation [Dubai, UAE, October 16, 2025] — Huawei Technologies unveiled the Huawei Partner Park at GITEX Global 2025, a dedicated area within Huawei booth where six sponsoring partners showcased their joint solutions developed with Huawei. This initiative underscores the pivotal of ecosystem collaboration in accelerating […]
Hydrogen Arabia Launches in Riyadh to Boost Hydrogen Economy
Riyadh, Saudi Arabia: 15 October 2025: Saudi Arabia will host the inaugural Hydrogen Arabia Summit & Exhibition on 8–9 December 2025 at the Crowne Plaza Riyadh RDC, positioning the Kingdom as a hub for hydrogen and clean energy collaboration. Brought to the region by RX, a global leader in events and exhibitions, and organisers of […]
Huawei Launches GovTech 1.0 to Accelerate Digital Government
[Dubai, UAE, October 14, 2025] During GITEX GLOBAL 2025, Allen Tang, President of Huawei’s Middle East & Central Asia ICT Marketing & Solution Sales Department, launched the GovTech1.0 Framework, a strategic blueprint for governments’ digital and intelligent transformation. In his keynote speech, Tang shared Huawei’s latest insights and practices for helping governments go digital and […]
Global Experts Identify Future Trends at Moscow Startup Summit
Moscow, Russia, 14 October 2025: Leading global thinkers including a Nobel laureate and an Academy Award winner spoke at the international Moscow Startup Summit, held on October 1–2 in Moscow. The summit on technological entrepreneurship brought together over 150 Russian and international experts, around 100 startups, and more than 5,000 participants from 40 countries. Over […]
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Huawei’s Dr. Mohamed Madkour: Saudi Arabia Is Building an AI-Driven, Sustainable Digital Economy
At GITEX Global 2025, Huawei’s Dr. Mohamed Madkour highlighted Saudi Arabia’s leadership in AI-driven digital transformation under Vision 2030, emphasizing talent development, sustainability, and open innovation.
PayTabs Egypt and Valu Launch Merchant App to Elevate In-Store Payments Across Egypt
[Cairo, 12 October 2025] In a strategic collaboration aimed at accelerating Egypt’s digital payment transformation, PayTabs Egypt, an award-winning provider of payment orchestration infrastructure and digital payment solutions, has partnered with Valu, MENA’s leading universal financial technology powerhouse, to introduce the Valu merchant app. The app is a smart, contactless payment solution, thoughtfully designed and […]
Expand North Star 2025 Opens, Marking 10 Years of Innovation
Dubai, UAE – 12 October 2025: Expand North Star by GITEX GLOBAL is officially underway in the UAE as the world’s largest startup and investor connector event launched its landmark 10th anniversary in thrilling fashion on Sunday alongside thousands of local and international visitors. Organised by Dubai World Trade Centre (DWTC), and hosted by the […]
Expand North Star by GITEX GLOBAL helps to scale startups from 180 countries
Dubai, UAE – 12 October 2025: Reflecting Expand North Star’s international significance as the world’s largest startup and investor event, part of GITEX GLOBAL, the show’s 10th anniversary edition has attracted over 2,000 startups and 1,200 investors from more than 100 countries, including Brazil as a Country Partner, and all-new participation from Ecuador and Chile. With global venture […]
Esterad Investment CompanyLaunches Esterad Capital Limited,
a New Asset Management Firm in DIFC to Expand its Regional Footprint Esterad Investment Company (“Esterad”) today announced the official launch of Esterad Capital Limited (“Esterad Capital”), a newly established Category 3A asset management firm licensed by the Dubai Financial Services Authority (DFSA) and headquartered in the Dubai International Financial Centre (DIFC). The launch marks […]
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Saudi Fund for Development Commits USD 50 Million to Build New Schools, Expanding Education Access for Kyrgyz Students
Kyrgyz Republic, October 09, 2025 – The Saudi Fund for Development (SFD) has signed a USD 50 million agreement with the Kyrgyz Republic to launch Phase II of the Construction of Public Schools Project. The signing ceremony brought together senior officials, including HE Baketaev Alma Kushbekovich, Minister of Finance of Kyrgyzstan, and HE Sultan Abdulrahman […]
The 2025 Edition of GRIF Dubai Concludes at Full Capacity with Insightful Conversations Shaping the Future of Hospitality
Over its three-day run, attendees took part in a series of impactful discussions exploring neighbourhood culture, wellness, workplace evolution and investment trends shaping tomorrow’s hospitality landscape Dubai, UAE (10 October 2025): The final curtain has just been drawn on The Global Restaurant Investment Forum (GRIF) 2025, which brought together the world’s foremost restaurateurs, investors, developers and operators […]
SAS Opens Regional Headquarters in Riyadh
Commitment to Saudi Vision 2030 and regional digital transformation deepens Riyadh, Saudi Arabia (07-Oct-2025) – SAS, the global leader in data and AI, today announced the opening of its new Middle East and North Africa Regional Headquarters in Riyadh, Saudi Arabia. The announcement was made today at SAS Innovate on Tour in Riyadh, the company’s […]
Astra Tech Unveils ‘botim money’ as the Region’s Fintech-First Platform Enters a New Phase of Growth
Dubai, UAE | 7 Oct 2025 — Astra Tech, the UAE-headquartered consumer technology company, has officially rebranded PayBy, the platform powering botim’s financial services, to ‘botim money’, in a move that consolidates all financial offerings under a unified, consumer-facing identity. This step marks a strategic evolution in the company’s mission to simplify financial access for […]
NSG Geospatial Services Launches “NeoMaps” as the National Platform for Geospatial Services
Riyadh, Kingdom of Saudi Arabia – October 7, 2025: NSG Geospatial Services (NSGGS), owned by Neo Space Group (NSG), a PIF Company, announced the launch of its innovative geospatial platform, “NeoMaps”. This launch underscores the company’s role in supporting the Kingdom’s efforts to develop geospatial capabilities and enhance digital sovereignty in this vital sector, contributing […]
Zuhair Fayez Celebrates 50th Legacy and Signs a Strategic Memorandum of Understanding with Al Bawani to Enhance Future Projects
Riyadh, Saudi Arabia – Zuhair Fayez Company, a leading architecture and engineering company in in the Kingdom, celebrated its fifty-year anniversary, honoring a journey of vision, innovation and lasting impact since its founding in 1975. The unique event, held on Monday, October 6th, coincided with World Architecture Day, adding a symbolic significance to the occasion. […]
Saudi Arabia Becomes First in the World to Host SAP Business Network for Public Sector with Full Data Sovereignty Compliance
Entire range of SAP Business Network solutions to be hosted in the country, providing companies with access to a platform that facilitates more than USD 6.1 trillion in local and global trade annually. Riyadh, Saudi Arabia — 5 October 2025 — SAP today announced the planned public sector deployment of the full SAP Business Network […]
Cuzdan LLC Partners with PayTabs Group to Power Azerbaijan’s Digital Payments Future
Cuzdan launches a nationwide payment orchestration platform built on PayTabs technology to drive financial inclusion and unlock growth for businesses and consumers. [Baku/Riyadh, 1 October 2025] Cuzdan LLC, one of Azerbaijan’s fast emerging financial institutions, today announced the rollout of its new nationwide payment orchestration platform. Powered by PayTabs Group’s award-winning payment orchestration infrastructure, the […]
DP WORLD & PAYPAL TO COLLABORATE ON CROSS-BORDER DIGITAL TRADE PAYMENTS
Goal is to expand access for merchants and marketplaces, simplifying cross-border payments with faster, more transparent settlement DUBAI, UNITED ARAB EMIRATES – 3 October 2025: DP World has signed a Memorandum of Understanding (MOU) with global commerce platform PayPal to collaborate on a first-of-its-kind digital payments initiative designed to simplify and speed-up cross-border trade. The […]
QNB Group receives Saudi Central Bank “SAMA” license approval for a new digital bank “ezbank”
In co-operation with Ajlan & Bros. Holding Doha, Qatar, 1 October 2025 – QNB Group, the largest financial institution in the Middle East and Africa, announced the license approval has been received for a digital-first banking entity, ezbank, from the Saudi Central Bank ”SAMA”, in cooperation with Ajlan & Bros. Holding, with a capital of […]
BenQ Leads Interactive Display Market with 36.51% Share in KSA
BenQ has maintained its No.1 leadership in the Middle East interactive display market for five consecutive years, capturing 36.51% market share in Saudi Arabia.
Deloitte Middle East opens applications for the fifth edition of Technology Fast 50 Program
Middle East – September 29th, 2025: Deloitte Middle East has opened registration for the fifth edition of the Deloitte Technology Fast 50 program, which spotlights and ranks the fastest-growing technology startups across the Middle East and Cyprus. Applications are now live, with companies invited to submit their forms before the registration window closes on December 19, […]