Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
PFG marks five years of investing in the GCC’s innovation economy
(SVC) and PIF-backed Jada Riyadh, Saudi Arabia and Dubai, United Arab Emirates – 29 July 2025 – Partners for Growth (“PFG” or the “Firm”), the global investment firm pioneering structured growth debt, is celebrating five years of investing in the Gulf Cooperation Council (“GCC”), a region where venture capital ecosystems are rapidly maturing but companies […]
Social Development Bank launches the second phase of the “Art Bank” initiative
Riyadh – July 28, 2025 The Social Development Bank (SDB) launched the “Art Bank 7” event as part of the second phase of the Art Bank initiative. In line with Vision 2030, the event has been launched to empower Saudi Arabia’s rapidly growing community of gifted artists and creators to fulfil their potential. Shining a […]
HCLSoftware Accelerates Saudi Arabia’s Vision 2030 with XDO Blueprint at Riyadh Executive Summit
Riyadh, Saudi Arabia (July 28, 2025): HCLSoftware, a global leader in enterprise software solutions, is deepening its commitment to Saudi Arabia’s Vision 2030 digital transformation agenda through strategic technology investments, positioning the Kingdom as the Middle East’s leading digital powerhouse. At the recently concluded Executive Summit in Riyadh, attended by over 60+ senior executives from […]
Jensen Huang: AI Will Create More Millionaires in 5 Years
NVIDIA’s CEO says AI is the “greatest equalizer,” predicting a surge in new millionaires as small, focused teams build AI-first companies. NVIDIA CEO Jensen Huang predicts that artificial intelligence will create more millionaires in the next five years than the internet did in the previous two decades. He framed AI as “the greatest equalizer of […]
stc Reports SAR 7.47 Billion Net Profit in H1 2025 on Sustainable Growth and Cost Efficiency
stc posts H1 2025 net profit of SAR 7.47bn (+13.38%), stronger margins, network records during Hajj, wider 5G coverage, and new cloud and digital partnerships.
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Wipro Saudi Electric Deal Enhances Smart Grid
Wipro secures a multi-year Smart Meter Data Management deal with Saudi Electric Company. Learn how this partnership enhances grid efficiency. Title: Wipro Saudi Electric Deal Enhances Smart Grid
Saudi Fund for Development Participates in the Inauguration of New Expansion of Velana International Airport in the Maldives
Malé, Maldives – July 26, 2025 In the presence of His Excellency Dr. Mohamed Muizzu, President of the Republic of the Maldives, The Saudi Fund for Development (SFD) Chief Executive Officer H.E. Sultan Al-Marshad, participated in the official inauguration ceremony of the new Expansion of Velana International Airport in Malé. Along with the Ambassador of […]
Decarbonizing Retail in KSA: Tamimi Markets and Yellow Door Energy Sign Solar Lease
The signing ceremony took place at Tamimi Markets’ Head Office in Al Khobar July 24, 2025 Al-Khobar, KSA: Tamimi Markets, one of the most prominent and trusted names in Saudi Arabia’s retail sector, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and Africa, have signed a solar lease […]
Saudi–Syria Forum Announces SAR 19bn in Investments, 38 MoUs Across 11 Sectors
Saudi–Syria forum delivers SAR 19bn in announced investments and 38 MoUs spanning real estate, ICT, energy, and more—advancing regional stability.
World Defense Show 2026 Nears Sell-Out
ISTANBUL, TURKEY – 23 July 2025: World Defense Show (WDS), founded by the General Authority for Military Industries (GAMI) in Saudi Arabia, today announced it has already secured 90% of its exhibitor space for its upcoming 2026 edition. This announcement coincides with WDS’s attendance at IDEF 2025 in Istanbul, Turkey, where the WDS team is engaging […]
Most read in Economy & Business
- Saudi Businesses Expand Investment in Agentic AI for Enterprise Operations
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- 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
Saudi Arabia’s Hakbah Recognized by CNBC as one of World’s Top Fintechs in 2025
Local Tech Startup Unleashes the Power of AI on Traditional Social Savings Practice to Make Major Impact on User Lives, National Household Savings Strategy Riyadh, Saudi Arabia, 23 July 2025 – Saudi Arabia’s Hakbah was named one of the ‘World’s Top Fintechs in 2025’ by CNBC for the company’s growth track record, increase in savings […]
Global Trade & Supply Chain Summit to Discuss Innovating in an Era of Shocks and Shifts
Fifth Annual Economist Impact Summit to take place in Dubai from October 1st–2nd 2025 The global trading system has shattered, as long-held certainties over rules, alliances and norms are jettisoned. New trade relations and commercial routes are being established. What might the future look like, who wins and loses—and what can companies do to prepare? […]
Saudi Arabia’s Global Reputation Shifts Positively,
Driven by Vision 2030 and Economic Diversification Saudi Arabia, 22nd July 2025 – Saudi Arabia’s global reputation has seen a significant positive transformation, according to CARMA’s 5th Edition of the Kingdom Reputation Report. The report indicates a notable increase in positive sentiment and a decline in negative media coverage, largely attributed to the country’s Vision 2030 […]
AMD appoints Almaha Albulaihe to drive business development in Saudi Arabia
AMD has appointed Almaha Albulaihe as a Territory Executive to increase support for customers and partners in the Kingdom of Saudi Arabia (KSA). Albulaihe joins AMD from her previous role as an Emerging Technologies Expert at the Ministry of Communications and Information Technology of Saudi Arabia (MCIT) – bringing a wealth of public sector experience […]
JLL’s strategic advisory bolsters institutional confidence in Saudi healthcare sector as Specialized Medical Company (SMC) achieves landmark $500M IPO
Firm’s strategic counsel instrumental in landmark $500M IPO of leading Saudi healthcare provider, demonstrating robust investor appetite Riyadh, Saudi Arabia; 21 July 2025 – JLL, a leading global commercial real estate advisory and investment management company, has successfully delivered comprehensive market due diligence for theInitial Public Offering (IPO) of Specialized Medical Company (SMC), a prominent […]
ACCIONA LIVING & CULTURE APPOINTS YANNIC LEVEQUE AS VICE PRESIDENT FOR THE MIDDLE EAST
RIYADH, JULY 21, 2025.ACCIONA Living & Culture is pleased to announce the appointment of Yannic Leveque as Vice President for the Middle East, marking a key milestone in the company’s strategic expansion across the region, particularly in the Kingdom of Saudi Arabia. Yannic brings over 20+ years of international experience in architecture, construction, and cultural […]
Saudi Arabia’s Global Reputation Shifts Positively, Driven by Vision 2030 and Economic Diversification
Saudi Arabia’s global reputation has seen a significant positive transformation, according to CARMA’s 5th Edition of the Kingdom Reputation Report. The report indicates a notable increase in positive sentiment and a decline in negative media coverage, largely attributed to the country’s Vision 2030 initiatives, economic diversification, and growing soft power. The latest insights from CARMA’s […]
Nvidia H20 AI Chips China Sales Resume, Influencers React
Nvidia H20 AI chips China sales resumption creates major buzz among tech influencers, signaling potential $30B+ revenue boost and market dominance. Read the full analysis.=
Platform Global 2025 Announces the Energy Transition Forum
Investing in the energy transition for AI Data Centre Campus growth London, UK, 17 July 2025: The Energy Transition Forum at Platform Global 2025 has been announced and brings acute focus to the evolution of Energy as data centre campuses and factories deploy globally and its ability to service AI infrastructure. Platform Global 2025, now […]
Dubai Future Foundation Deputy CEO Unveils Vision for Innovation Hub as Nothing Phone 3 Makes Regional Debut
Dubai Future Foundation’s Deputy CEO outlines the emirate’s bold innovation strategy during the Nothing Phone 3 launch, emphasizing experimentation, transparency, and human-centered design as key pillars of technological leadership.
Social Development Bank Launches “Education Financing” Product to Empower Students on Their Academic Journey
Riyadh – 16 July 2025: The Social Development Bank (SDB) has launched the “Education Financing” product, aimed at empowering students to pursue their post-secondary education through digital financing solutions. The product seeks to expand access to knowledge and provide financial support to ambitious students at the diploma, bachelor’s, and master’s levels. This initiative aligns with […]
Lucidya Raises USD30 Million in Largest AI Funding Round in MENA
RIYADH, Saudi Arabia, July 14, 2025 (GLOBE NEWSWIRE) — Lucidya, MENA’s leading AI-Powered customer experience management (CXM) platform, has announced the close of its USD30 million Series B round—the largest AI investment ever raised in the region. The round was led by Impact46, the Saudi VC behind IPOs Jahez and Rasan. New participants included Aramco’s […]