Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Al Murjan Group and BlueFive Capital Launch Sharia-compliant Asset Management Investment Platform
Jeddah, Saudi Arabia, 08 September, 2025: Al Murjan Group, one of Saudi Arabia’s most established and respected family business groups, and BlueFive Capital, a global investment platform, are pleased to announce a cross-shareholding strategic linkup to co-develop a global platform for Islamic finance. The partnership includes reciprocal ownership stakes in the two stakeholders’ respective Sharia-compliant […]
Al-Futtaim Contracting and Hyundai Elevator Sign Exclusive Partnership to Elevate Vertical Transportation Across Saudi Arabia
Riyadh, Saudi Arabia; 9 September 2025: Al-Futtaim Contracting, a fully integrated, end-to-end specialist division of Al-Futtaim Real Estate operating across the UAE, Saudi Arabia, Qatar, and Egypt, has been delivering innovative solutions in the Construction, Engineering, Technologies, and Facilities Management industries for over 50 years. Known for forging strong partnerships with leading global brands, the […]
StashAway launches Shariah Global Portfolio in the UAE for values-driven investors eyeing competitive returns
Dubai, 9 September 2025 – StashAway, a digital investment platform, has launched its Shariah Global Portfolio in the UAE. Across four portfolio risk levels, the Shariah-compliant, globally diversified portfolios have delivered historical returns of up to 13.7%* annually over the past 5 years. These portfolios enable investors to build long-term wealth in a way that […]
Najm takes part at Money20/20 Middle East as Gold Sponsor
Riyadh – September 9, 2025 Najm for Insurance Services has announced its participation as a Gold Sponsor of the upcoming Money20/20 Middle East, the region’s top event for financial technology. The conference will be held at the Riyadh Exhibition & Convention Center, Malham during 15-17 September, 2025. Najm’s role in this global event highlights its […]
TikTok Unveils the TikTok Effect Report: Platform Contributes SAR 3.9 billion to Saudi GDP and Supports Over 25,000 Jobs
Riyadh, Saudi Arabia, 09 September 2025 – TikTok, in collaboration with strategy consulting firm Redseer Strategy Consultants, released its first socio-economic impact report in Saudi Arabia, The TikTok Effect. The report details how the platform contributes to economic diversification, supports entrepreneurship, and strengthens Saudi cultural identity. As Saudi Arabia advances toward its Vision 2030 goals, […]
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The Ministry of Municipalities and Housing launches “SEREDO 2025”
Jeddah– The Ministry of Municipalities and Housing launched the “SEREDO 2025” exhibition on Tuesday, at the Jeddah Superdome. The Ministry’s Undersecretary for Housing Supply and Real Estate Development, Eng. Abdulrahman Al-Tawil, inaugurated the exhibition in the presence of several representatives of relevant government agencies, a select group of real estate developers, financing entities, and experts […]
STC Bank Wins Fastest Growing Bank Award from Global Brand Frontier
STC Bank has been recognized as the Fastest Growing Bank in Saudi Arabia by the Global Brand Frontier Awards, highlighting its role as a leader in digital banking and FinTech innovation.
LG TAPS MIDDLE EAST GROWTH WITH NEOM OXAGON AI DATA CENTER PARTNERSHIP
Company Accelerates Growth Strategy, Expanding Footprint in the Global South Riyadh, Saudi Arabia: Sep. 8, 2025 — LG Electronics (LG) CEO William Cho is advancing the company’s Global South growth strategy through a strategic partnership to provide cooling solutions for an AI data center under development in Oxagon, the industrial hub of Saudi Arabia’s NEOM […]
IFA 2025: Focus on innovation and internationality
Berlin, 7 September 2025 – Innovations from around the world, international collaborations and young start ups are continuing shaping the picture today at IFA, the largest event for home and consumer tech. With IFA Next and IFA Global Markets, IFA Berlin is underlining its commitment to driving innovation and new business models. IFA Next: The stage […]
Nigerian entrepreneurs are the architects of the digital future says Lagos State Deputy Governor as GITEX NIGERIA champions national & regional startup ecosystems
Lagos, Nigeria – 07 September 2025: The inaugural GITEX NIGERIA concluded in a tremendous fashion this Thursday in Lagos, as West Africa’s largest tech, AI, and startup show cast a spotlight on the influence of emerging local and regional entrepreneurs. Held under the patronage of H.E. Bola Ahmed Tinubu GCFR, President of the Federal Republic […]
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IFA Innovation Awards winners announced: top consumer tech innovations recognizedat IFA 2025
Berlin, 5 September 2025 – The inaugural IFA Innovation Awards winners were announced liveon the Innovation Stage by Leif Lindner, CEO of IFA Management GmbH, at 14:30 during IFA2025, the world’s largest event for home and consumer tech. The global awards program, whichlaunched this year, has successfully identified and celebrated standout products shaping thefuture of […]
Tech meets culture and lifestyle: IFA Berlin 2025
Berlin, 6 September 2025 – IFA Berlin 2025 focuses on the interconnection of technology,culture and lifestyle. Visitors can see and experience the latest technologies and trends upclose, both indoors and outdoors. The IFA Sommergarten invites you to concerts. IFA Sommergarten sold out The varied and cross-generational programme of the IFA Sommergarten has been very wellreceived […]
Social Development Bank Highlights Successes of the Art Bank Initiative, in the Presence of Her Royal Highness Princess Haifa bint Abdul Mohsen
Riyadh – September 4, 2025 In the presence of Her Royal Highness Princess Haifa bint Abdul Mohsen, Director of Development and Partnerships at the Culture and Arts Society in Riyadh, and CEO of the Social Development Bank (SDB), Eng. Sultan Al-Hamidi, the SDB, in cooperation with the Culture and Arts Society, organized a media meeting […]
Revolutionising Saudi Arabia Construction: DesertBoard’s Palm Waste Innovation Takes Centre Stage in Riyadh
RIYADH, Saudi Arabia, Aug. 31, 2025 (GLOBE NEWSWIRE) — DesertBoard, the Middle East’s leading innovator in sustainable building material for construction solutions, will debut its flagship Palm Strand Board (PSB®) at the Saudi Wood Expo 2025, marking its first major showcase in the Kingdom. Manufactured from agricultural palm waste—an abundant, underused resource in the region—PSB® […]
Kyndryl Appoints Nidal Azba as Managing Director for Saudi Arabia
Riyadh, Saudi Arabia – September 1, 2025 – Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced the appointment of Nidal Azba as Managing Director for Kyndryl in Saudi Arabia. In this newly expanded role, Nidal will oversee Kyndryl’s business in the Kingdom and strengthen its contribution to Saudi Arabia’s digital transformation under Vision 2030, while continuing […]
stc group Launches ‘sccc by stc’ as New Identity For its Cloud Subsidiary
Riyadh, Saudi Arabia, 31 August 2025 –stc group, a leading digital enabler, has introduced “sccc by stc” as the new identity for its cloud service subsidiary, formerly known as the Saudi Cloud Computing Company (sccc). This new identity underscores the company’s commitment to empowering Saudi Arabia’s key sectors with hyperscale cloud infrastructure and secure that […]
Fans to be given unparalleled access as McLaren Racing announces Mastercard as Official Naming Partner of the McLaren Formula 1 Team from 2026
Riyadh, Saudi Arabia – 28 August 2025: McLaren Racing has today announced that Mastercard is set to become Official Naming Partner of the McLaren Formula 1 Team from 2026 onwards. Starting next season, the team will be known as the McLaren Mastercard Formula 1 Team, with the move representing an exciting new era not only […]
Social Development Bank Unveils ‘FranchiseGo’ Forum and Partnerships for Sector Growth
Riyadh – August 26, 2025 The Social Development Bank launched today in Riyadh, the “Franchise Go” Forum, attended by senior bank officials and representatives from various partner entities. The event witnessed wide participation from entrepreneurs, brand owners, and both local and international experts. The first day of the forum featured a comprehensive program of panel […]
OSOOL REAL ESTATE ACHIEVES LEED GREEN BUIDLING CERTIFICATIONS FOR ENERGY AND ENVIRONMENTAL DESIGN
Riyadh, Kingdom of Saudi Arabia – August 26, 2025: Osool Integrated Real Estate Company, a leading player in the investment and management of real estate assets, has proudly announced that three of its landmark properties have been awarded globally recognized LEED (Leadership in Energy and Environmental Design) certifications. This major achievement underscores Osool’s commitment to […]
SRC Launches Saudi Arabia’s First RMBS to Boost Real Estate Finance Market
Riyadh, Saudi Arabia – 25 August 2025: The Saudi Real Estate Refinance Company (SRC), a PIF company, has announced the launch of the Kingdom’s first Residential Mortgage-Backed Securities (RMBS). This landmark transaction forms part of SRC’s efforts to develop the capital markets and enhance liquidity in the real estate finance sector by introducing, for the […]
Whish Money collaborates with Mastercard Move to bring seamless cross-border payments to Lebanon
Users in Lebanon can send money abroad to over 50 countries, while Lebanese living overseas can send money home Saudi Arabia: 21 August 2025: Whish Money has collaborated with Mastercard to enable inbound and outbound remittance flows for consumers in Lebanon. People in Lebanon can send money abroad to over 50 countries, while Lebanese living […]
Vertiv Completes Acquisition of Great Lakes Data Racks & Cabinets
Acquisition strengthens the company’s leadership position in high-density integrated infrastructure solutions for data centers and critical digital environments Dubai, UAE [August 22, 2025] – Vertiv Holdings Co (NYSE: VRT), a global provider of critical digital infrastructure, today announced the successful completion of its previously reported intent to acquire the Great Lakes Data Racks & Cabinets […]