Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Emirates NBD partners with VFS Global to empower consumers with exclusive benefits and services
Riyadh, Saudi Arabia – 14 May 2025: Emirates NBD, the leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has signed a partnership agreement with VFS Global — the world’s largest visa outsourcing and technology services specialist — to offer consumers across the Kingdom access to exclusive benefits. The agreement was […]
Stargate UAE Launch: OpenAI’s Global AI Expansion
OpenAI has announced the groundbreaking Stargate UAE launch, marking a significant milestone in global AI infrastructure development. This initiative represents the first international deployment of Stargate, OpenAI’s advanced AI infrastructure platform. It’s a crucial step towards building frontier-scale compute capacity worldwide, aiming for safe, secure, and broadly beneficial AGI. This partnership is also the inaugural […]
The Saudi Cultural Development Fund Launches Nama’ Accelerators
in Partnership with the Saudi Ministry of Culture and Quality of Life Program,Starting with the Handicrafts Track Riyadh, Saudi Arabia – The Saudi Cultural Development Fund (CDF) announced Nama’ Accelerators, the first of its kind in the Kingdom, in partnership with the Saudi Ministry of Culture and the Quality-of-Life Program, one of Vision 2030 realization programs. […]
Buildnow is Now Aajil: A Bold New Chapter Empowering Saudi Businesses with Speed, Trust, and Growth
Riyadh, Saudi Arabia, 25th May 2025: Buildnow, the Saudi-born pioneer in Micro and Small to Medium Enterprise (SME), ‘Buy Now Pay Later’ (BNPL) solutions, proudly announces its rebrand to Aajil (عاجل), an Arabic word meaning urgent or immediate. This change shows how the company is growing beyond one sector, helping small and medium businesses across […]
Saudi Family Business Innovation & Sustainability
Saudi family businesses are embracing innovation and sustainability. Discover insights from the recent forum in Riyadh. Learn more!
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D360 Bank reaches one million customers in Saudi Arabia
D360 Bank reaches one million customers in four months, reshaping Saudi digital banking with innovative and Shariah-compliant solutions. Learn more today.
GE Vernova Saudi Initiatives Boost Energy Transition | GE Vernova
GE Vernova announces $14.2B in GE Vernova Saudi initiatives to accelerate the Kingdom’s energy transition with U.S. tech. Learn about these major collaborations!
Mastercard Cyber Resilience KSA: New Center Launched
Mastercard launches its new Cyber Resilience Center in KSA, enhancing Mastercard Cyber Resilience KSA efforts with Riyad Bank. Discover how this boosts regional cybersecurity. Learn more!
ACCIONA Global Water Awards: Two Top Wins
ACCIONA has proudly announced significant victories at the recent ACCIONA Global Water Awards, hosted by Global Water Intelligence magazine in Paris on May 19th, 2025. The company secured two highly coveted awards, underscoring its leadership in the global water sector. These accolades recognize ACCIONA’s innovative solutions in both desalination and sewage treatment, highlighting major projects […]
Mastercard Appoints Saud Swar as Country Manager for Saudi Arabia, Bahrain, Jordan & Levant
Mastercard appoints Saud Swar as Country Manager for Saudi Arabia, Bahrain, Jordan, and Levant, enhancing its leadership team and expanding regional impact.
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
ALEC FITOUT Expands Saudi Team 10x to Support Museum, Hospitality, and Entertainment Projects
Riyadh, Saudi Arabia – May 13, 2025: ALEC FITOUT is making a significant investment in the Saudi Arabian market, scaling its local team tenfold to meet the surging demand for luxury hospitality, museum, cultural, and themed entertainment projects. With a current management staff of 160, the company is ramping up its workforce to enhance its […]
Wallet Top-Ups UAE: Checkout.com & du Pay Partner
Discover how Checkout.com and du Pay are revolutionizing wallet top-ups UAE. This new partnership enhances financial accessibility across the nation.
PIF and Hyundai Launch Hyundai Motor Manufacturing Middle East in Saudi Arabia
PIF and Hyundai have launched Hyundai Motor Manufacturing Middle East in Saudi Arabia, a groundbreaking automotive plant producing 50,000 vehicles annually.
PayPal and Perplexity Forge Conversational-Commerce Alliance for Summer 2025
PayPal will power in-chat checkout on Perplexity Pro this summer, bringing seamless PayPal & Venmo payments, shipping and invoicing to AI-driven shopping in the U.S.
Parsons Selected as Delivery Partner for King Salman International Airport
Parsons has been selected as the Delivery Partner for King Salman International Airport, providing project management services for airfield and landside assets.
Saudi Arabia to Build 180,000 Hotel Apartments by 2034
Saudi Arabia plans to build 180,000 hotel and serviced apartments by 2034 for the FIFA World Cup, transforming its infrastructure and hospitality sector.
Saudi Giga Projects Summit 2025 Highlights Mega Contracts and World Records
Saudi Giga Projects Summit 2025 highlights $20bn in contracts, world’s tallest indoor climbing wall, and major updates from Diriyah, Sports Boulevard, and AlUla.
Oracle’s Commitment to Saudi Arabia and President Trump’s Vision for Global Prosperity
RIYADH, Saudi Arabia – May 13, 2025 – Oracle remains committed to the Kingdom of Saudi Arabia’s Vision 2030, which is now accelerating at lightning speed because of President Trump. The investment of $14 billion over the next 10 years will bring the world’s best cloud and AI technology to the Kingdom, empowering greater innovation and […]
Areeb Capital Secures SAR 5.8 Billion Financing Agreement with Saudi National Bank
Areeb Capital, a leading real estate asset management company in Saudi Arabia, has signed a SAR 5.8 billion financing agreement with Saudi National Bank (SNB). This strategic deal will enhance Areeb Capital’s investment capabilities in the real estate sector, supporting its expansion plans and boosting its status as a leading player in real estate fund management.
Ant Digital Technologies Unveils AI-Powered FinTech Solutions at Dubai FinTech Summit 2025
Dubai, UAE – May 13, 2025: Ant Digital Technologies, a leader in emerging technologies, made a significant impact at the Dubai FinTech Summit 2025, unveiling its advanced AI-powered FinTech solutions, including the revolutionary Agentar platform, ZOLOZ, and mPaaS. This marks the company’s first-ever global showcase, highlighting its commitment to driving financial inclusion, digital trust, and […]
Travel Trends 2025: Wellness, Nature, and Culinary Adventures Lead EEMEA Travel Growth
The Mastercard Economics Institute has released its Travel Trends 2025 report, highlighting key travel patterns in the EEMEA region. Wellness retreats, nature adventures, and global culinary experiences are driving growth, with Saudi Arabia, South Africa, Namibia, and Istanbul emerging as top destinations. The report offers insights into how these trends are shaping consumer preferences across Eastern Europe, the Middle East, and Africa.
Lockheed Martin and AIC Steel Achieve Key Milestone in THAAD Launcher Production in Saudi Arabia
Lockheed Martin and AIC Steel have celebrated a major milestone in the local production of THAAD launcher components in Saudi Arabia. This achievement highlights the successful collaboration between the two companies and their commitment to bolstering the defense industrial base in the Kingdom. The milestone also aligns with Saudi Vision 2030 and strengthens the American defense supply chain.