Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
GII Proudly Celebrates the Landmark IPO of zSpace in Nasdaq Bell Ringing Ceremony in New York
8 May 2025, Dubai (UAE): Gulf Islamic Investments (GII), a leading global alternative investment company based in the GCC, was honoured to participate in the iconic Nasdaq bell-ringing ceremony in New York City on Tuesday, May 6, 2025, marking the successful public offering of an allocation of zSpace, Inc. shares on the US Nasdaq in […]
GBS Partners with Huawei Cloud to Expand Bespoke Cloud Offerings in Saudi Arabia
Riyadh, Saudi Arabia, 8th May 2025: Gulf Business Solutions (GBS), a leading provider of technology solutions in Saudi Arabia, has announced a strategic partnership with Huawei Cloud, marking a significant milestone in its ongoing innovation strategy and commitment to meeting the Kingdom’s rising demand for advanced, tailored cloud services. This collaboration allows GBS to significantly […]
Saudia Dairy & Foodstuff Company Announces Strategic Digital Transformation Partnership with SAP and NTT DATA-IGSA
6 May 2025, Jeddah, Saudi Arabia: Saudia Dairy & Foodstuff Company (SADAFCO), the market leader in long-life (UHT) milk, tomato paste and ice cream, is proud to announce a strategic collaboration with SAP and NTT DATA, marking a major milestone in its digital transformation journey and commitment to long-term sustainability. SAP, a global leader in […]
Blue Yonder Acquires Pledge, Expanding Its End-to-End Supply Chain Platform With Accredited Carbon Emissions Reporting
The acquisition accelerates Blue Yonder’s sustainability roadmap and gives customers comprehensive insight to reduce carbon footprint and supply chain inefficiencies DUBAI, UAE – May 1, 2025: Blue Yonder, the world leader in end-to-end digital supply chain transformation, today announced it acquired the business of Pledge Earth Technologies Ltd. (“Pledge”), including its global supply chain sustainability […]
Opella launches as an independent company to redefine the future of self-care.
UAE, 5 May 2025 – It is official: Opella is now a standalone company. Sanofi announced today the closing of the sale to CD&R of a 50.0% controlling stake of Opella, Sanofi keeping a significant shareholding with a 48.2% stake and Bpifrance owning a 1.8% stake. Opella is stepping into its next chapter with powerful […]
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Sohar International Bank Opens Riyadh Branch to Boost Oman‑Saudi Investment
Sohar International inaugurates its Riyadh branch, strengthening Oman‑Saudi economic ties and offering innovative, customer‑centric banking solutions.
Lilly reports first-quarter 2025 financial results and highlights pipeline momentum
May 2025: Eli Lilly and Company (NYSE: LLY) today announced its financial results for the first-quarter of 2025. “Lilly had a solid start to the year, with 45% year-over-year revenue growth driven by strong sales of Mounjaro and Zepbound,” said David A. Ricks, Lilly chair and CEO. “Our pipeline continued to deliver across key therapeutic […]
Johnson Controls Arabia to Power the Future of Sports Infrastructure at the 2025 World Stadiums and Arenas Summit in Riyadh
As Saudi Arabia Prepares to Host the 2034 FIFA World Cup, the Company Reaffirms Its Commitment to Saudi Vision 2030 Riyadh – 1/5/2025 – With decades of experience in delivering smart, energy-efficient technologies to some of the world’s most iconic sports venues, Johnson Controls Arabia is poised to play a key role in enabling the […]
Middle East stands out as a growth outlier amid recession risks, inflation pressures, and policy uncertainty
As the Global Economy Stalls, St. James’s Place Calls for Investment Resilience and Discipline Dubai, UAE – 30 April 2025 – Against the backdrop of rising global volatility, St. James’s Place (SJP), a FTSE-listed global financial advisory firm with over one million customers and $245 billion in assets under management, is urging investors to stay […]
“Mawani” and “Alissa Universal Motors” Sign Agreement to Establish a Logistics Zone at King Abdulaziz Port in Dammam with an Investment Value of SAR 300 Million
The Saudi Ports Authority “Mawani” and Alissa Universal Motors—a subsidiary of Abdul Latif Alissa Holding Group—have signed an agreement to establish a logistics zone at King Abdulaziz Port in Dammam, with a total investment value reaching SAR 300 million. The project includes development and construction works over an area exceeding 382,000 square meters, for a […]
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World With Purpose KSA 2025 opens in Riyadh, leading the agenda for global and regional family businesses driving sustainable economic development
Riyadh, Saudi Arabia, 28 April 2025: The second edition of World With Purpose KSA 2025, created by Roberta Calarese, Founder and CEO of GHAYA, opened earlier today in Riyadh, under the theme The Purpose Legacy – Where family businesses meet to write the future. GHAYA, the organisation behind World With Purpose, has firmly established the […]
AKI sets the stage for continued growth with next-generation fulfilment centre
Dubai, UAE – 24 April 2025: Building on an entrepreneurial spirit spanning more than four decades, Al Khayyat Investments (AKI) has inaugurated a state-of-the-art Fulfilment & Innovation Centre in Dubai Industrial City, part of TECOM Group PJSC, that will serve as a cornerstone for the company’s continued regional expansion. The 1 million sq ft […]
Nissan Saudi Arabia Closes Fiscal Year 2024 with Exceptional Market Performance: Double-Digit Growth and Strong Momentum in Sales and Market Share
Jeddah, Kingdom of Saudi Arabia – XX April 2025: Nissan Saudi Arabia concluded the fourth quarter of fiscal year 2024 with outstanding results, achieving significant growth in both sales and market share. This performance reinforces the company’s position as a leading automotive brand in the Kingdom and across the region. In Q4, Nissan’s market share […]
Tesla’s Crucial Earnings Day: Can Elon Musk Reverse the 2025 Slump?
Josh Gilbert, Market Analyst at eToro Dubai, April 22, 2025 – Tesla Inc. is set to report its Q1 earnings tonight in what is shaping up to be a critical moment for the electric vehicle (EV) giant and its visionary CEO, Elon Musk. With shares down 44% year-to-date, Tesla is currently the worst-performing stock among […]
Four Agreements Signed in the Presence of Riyadh Governor at SDB’s 53rd Anniversary Celebration, Marking the Launch of the “Jada 30”
Riyadh, April 22, 2025 His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region, presided over the Social Development Bank’s (SDB) 53rd anniversary celebration on Monday, April 21, 2025, which also marked the official launch of the “Jada 30” initiative at SDB’s headquarters in Riyadh. Upon his arrival, His Royal Highness was […]
Mastercard and McLaren Racing bring partnership to life at Saudi Arabian Grand Prix
Riyadh, Saudi Arabia, 21 April 2025 – For the first time, Mastercard’s global partnership with the McLaren Formula 1 Team took center stage at the Formula 1 Saudi Arabian Grand Prix in Jeddah. The new partnership marks the coming together of two preeminent brands known for their focus on innovation and setting the standard in […]
Mastercard and Amazon Collaborate to Provide up to Six Months of Amazon Prime Membership to Millions of Customers in Saudi Arabia
All Mastercard credit and debit cardholders can now enjoy up to six months of Amazon Prime membership at no additional cost, unlocking a world of savings and entertainment, including fast and free shipping, Prime Video, Prime Gaming, and Exclusive Savings Saudi National Bank cardholders will enjoy added exclusive shopping discounts with their Mastercard provided Amazon […]
Social Development Bank signed an agreement with Sulaiman Al-Rajhi Foundation for Development Finance on the occasion of the ‘3 Billion’ Ceremony
Under the Patronage of the Minister of Human Resources and Social Development Riyadh – April 21, 2025His Excellency the Minister of Human Resources and Social Development (HRSD) and Chairman of the Board of Directors of the Social Development Bank (SDB), Eng. Ahmed bin Sulaiman Al Rajhi, sponsored the ceremony organized by the Sulaiman Al-Rajhi Foundation […]
stc Group to spearhead multicloud tech innovation in MENA with Kyndryl
Riyadh, Saudi Arabia, 16 April 2025 – stc Group, a leading digital enabler, has announced a multiyear strategic partnership with Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, to develop an advanced multicloud management platform strategy. Aligned with Saudi Vision 2030, this initiative aims to simplify cloud adoption for stc customers and […]
Minister of Environment, Water and Agriculture Launches “Sabil,” the National Grains Supply Company
Riyadh, 2025-04-15: Under the patronage of His Excellency Engineer Abdulrahman bin Abdulmohsen Al-Fadhli, Minister of Environment, Water and Agriculture Chairman of the Board of Directors of the General Food Security Authority and SALIC Group, the National Grains Supply Company “Sabil” was launched today during an official ceremony held at the Ministry’s headquarters, in the presence […]
Four Winds Leads a Strong Saudi Presence in the Global Logistics Sector
Al Mani: “We now have robust capabilities to offer international shipping services spanning the globe, significantly enhancing our competitive advantage and further solidifying our established leadership in comprehensive, integrated logistics services across Saudi Arabia for over 45 years.” Jeddah, Saudi Arabia, April 15, 2025: Four Winds Saudi Arabia Limited, a leader in comprehensive and integrated […]
TCS Unveils the ‘TCS Digital Twindex Report for Future-Ready Manufacturing’
Launched at Hannover Messe 2025 in Germany (March 31-April 4), the report features insights from clients, industry partners, futurists, and TCS executives and offers a strategic blueprint for AI & Digital Twin-Powered Manufacturing The ‘TCS Digital Twindex Report for Future-Ready Manufacturing’ is part of a cross-industry series Dubai, United Arab Emirates, APRIL 11, 2025: Tata […]