Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Boost Your Beginning-of-Year Sales: Digital Tools to Drive E-Commerce Growth and Marketing Success for Saudi Businesses
JEDDAH – As the new year starts, businesses across the MENA region are gearing up for the year to come. To help businesses get started early to maximize their sales growth into the new year, GoDaddy offers a suite of AI-powered tools designed to streamline e-commerce, optimize marketing strategies, and boost visibility in a competitive market. […]
TDF Drives Tourism Future at Saudi Tourism Forum 2025
Riyadh – January 12, 2025: The Tourism Development Fund (TDF), the national enabler of Saudi Arabia’s tourism sector, successfully concluded its role as an official partner of this year’s Saudi Tourism Forum, held January 7 to 9 in Riyadh. The high-profile event brought together key players from the global and local tourism industries, including investors, […]
MARKING FOUR YEARS OF LEADERSHIP IN THE KINGDOM’S PROPTECH MARKET, WASLAT ANTICIPATES A FIVE-FOLD REVENUE INCREASE BY 2028
The platform strengthens Saudi Arabia’s real estate offering with cutting-edge AI solutions, empowering over 750,000 users Riyadh, Kingdom of Saudi Arabia; 13 January 2025: Wasalt—the most advanced digital real estate platform specializing in real estate services—has emerged as a transformative leader in Saudi Arabia’s PropTech landscape within a short period of 4 years, redefining the real […]
GE Vernova brings decades of energy sector localization expertise to Aramco’s iktva 2025
Dammam, Saudi Arabia (January 12, 2025) – GE Vernova, Inc. (NYSE: GEV) is participating in Aramco’s In-Kingdom Total Value Add (iktva) Forum & Exhibition 2025 taking place from 13 – 16 January at the Dhahran Expo in Dammam, Saudi Arabia. In its 10th year, iktva 2025 is Aramco’s premier event bringing together stakeholders to discuss past progress and […]
FedEx Boosts Cross-Border E-Commerce Growth in the UAE and Saudi Arabia
Dubai, UAE, January 9, 2025 — Federal Express Corporation (FedEx), the world’s largest express transportation company, has launched FedEx® International Connect Plus (FICP) in the United Arab Emirates (UAE) and Kingdom of Saudi Arabia, a shipping solution ideal for e-commerce packages weighing up to 20 kg. This new international, day-definite, service combines speed with competitive rates, connecting e-tailers in […]
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Cisco Identifies Technology Trends that will Define 2025
2025 marks a pivotal moment where AI, cybersecurity, data governance, and sustainability converging to redefine the business environment Riyadh, Saudi Arabia, 7 January 2025 – Cisco revealed key technology trends for 2025, emphasizing a landscape shaped by shifting consumer behaviour, an expanding digital ecosystem, and the need to integrate AI. Reflecting these dynamics, the Middle East […]
Lucid Joins ‘Made in Saudi’ Program, Showcasing Commitment to Local Excellence
The first automotive OEM to receive the prestigious “Saudi Made” mark, Lucid reinforces its commitment to powering the Kingdom’s growing automotive, technology, and sustainability sectors Riyadh, Saudi Arabia – January 7, 2025—Lucid Group, Inc. (NASDAQ: LCID), maker of the world’s most advanced electric vehicles (EV), announced today its membership in the ‘Made in Saudi’ program. […]
CHECKOUT.COM AND NOQODI COLLABORATE TO REVOLUTIONIZE PAYMENT SERVICES IN THE UAE
DUBAI, UAE — January 7, 2025 — Global payment solutions provider Checkout.com, has entered a strategic partnership withnoqodi, a payment gateway and financial service provider, to elevate the payment experience for businesses and consumers in the UAE. As part of the collaboration, Checkout.com will integrate its cutting-edge payment technology with noqodi’s robust digital platform, offering seamless and secure payment […]
PIF completes $7 billion inaugural murabaha credit facility
PIF today announced its first murabaha credit facility for the sum of $7 billion, as part of its medium-term capital raising strategy. The financing structure is supported by a diverse syndicate of 20 international and regional financial institutions. Fahad AlSaif, PIF’s Head of the Global Capital Finance Division and Head of Investment Strategy and Economic […]
Elm enhances brand identity by introducing ‘Human, Ambition and Technology’ elements
The move comes as part of the company’s efforts to position itself as a leader in the digital landscape, further establishing KSA’s presence in the global digital economies 5 January 2025- Elm, a pioneer in digital solutions, enhanced its brand identity, reflecting the company’s ambitious and prominent objective. Leveraging comprehensive knowledge, a forward-thinking mindset, and a […]
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Sahm App Acquires Over One Million Users in Just One Year, Elevating the Trading Experience Through Innovation
Riyadh, Saudi Arabia – [December 31st] – Sahm App, Saudi Arabia’s premier all-in-one online trading platform, proudly announces that it has acquired over one million users in just one year, marking a pivotal achievement in its rapid growth and transformation of the local investment landscape. Hadeel Bedeeri, General Manager of Sahm Capital, stated, “Reaching this milestone in […]
Beltone Expands into Africa: A Strategic Move for Regional Growth
Beltone Holding, a prominent financial services group, is strategically expanding its reach into African markets by acquiring a majority stake in Baobab, a leading financial services provider. This move signifies Beltone’s ambition to drive innovation and expand its footprint in emerging economies, leveraging data and AI to ensure sustainable growth.
‘Discover Beyond Hail’ Tour Wraps Up Under Governor’s Patronage
Hail, Saudi Arabia – December 26, 2024: Under the patronage and presence of His Royal Highness Prince Abdulaziz bin Saad bin Abdulaziz Al Saud, Governor of Hail Region, the Tourism Development Fund (TDF) successfully concluded its “Discover Beyond Hail” tour and accompanying exhibition that hosted more than 600 participants. This initiative is part of a […]
Saudi Arabia’s construction market to surge to exceed USD 90 billion by 2029 fuelled by strategic investments: JLL
Driven by the government’s drive to diverse the economy, growing interest from regional and international private sector participants and streamlining of regulations, Saudi Arabia’s construction sector is poised for strong and resilient growth, underpinned by strategic risk management and investment in local manufacturing Riyadh, Kingdom of Saudi Arabia; 25 December 2024: Fuelled by Vision 2030 and substantial […]
Transforming GCC Airport Retail: Abra’s Role in a Thriving Sector
• UAE airport retail sales expected to reach $161.6 billion by 2028• KSA airport retail sales expected to reach $139.1 billion by 2028• GCC airport market projected to grow at 9.5% CAGR during 2024 to 2032 Dubai, UAE – 19th December 2024: Abra, a leader in luxury retail fit-outs in the UAE and the MENA […]
Future Cities Awards 2025: Recognizing Excellence in Urban Innovation and Sustainability
Abu Dhabi, UAE, 24 December 2024: The Future Cities Awards 2025, organized as part of the Annual Investment Meeting (AIM) Congress, has officially opened nominations for this year’s prestigious awards. The event, set to take place on April 8, 2025, in Abu Dhabi, aims to highlight the most outstanding achievements in urban development, sustainability, and innovation. […]
Ali Mokhtar Recognized as One of Forbes Middle East’s Top Venture Capitalists of 2024
Ali Mokhtar, CEO and Managing Partner of Beltone Venture Capital has been honored as one of Forbes Middle East’s Top Venture Capitalists for 2024. This prestigious recognition celebrates his significant contributions to the MENA startup ecosystem and his transformative leadership in the region. Since Beltone Venture Capital’s inception in April 2023 as a subsidiary of […]
The official importers of Porsche cars in Saudi Arabia, SAMACO Motors, sponsored the second edition of the Forbes Women Middle East Summit.
Porsche Saudi Arabia, through SAMACO Motors, supported the second Forbes Women Middle East Summit, which was held in Riyadh on December 18-19, 2024, with a fleet of 20 chauffeured cars for VIPs and delegates. They also showcased the all-new, fully electric Macan SUV. Following the success of the inaugural Forbes Women Middle East Summit, which […]
IPS Congress 2025: A Pivotal Turning Point for Investors, High-Net-Worth Individuals, and Family Offices
• The real estate market in the UAE is witnessing a surge in demand for luxury properties, driven by the increasing number of high-net-worth individuals seeking investment opportunities. Dubai, UAE – 23 December 2024: The real estate market in the UAE is experiencing a significant increase in the number of luxury residential units with global brands, which coincides […]
Saudi Arabia’s economic landscape shifts with strong demand in tourism fuelling real estate in Q3 2024: JLL
Riyadh, Saudi Arabia; 22 December 2024—The rapid urban and infrastructure development in the Kingdom is creating new hotspots for development, driven by a surge in tourism and ongoing economic diversification initiatives, according to JLL’s latest KSA Market Dynamics Report. Long-term prospects remain favorable, supported by Vision 2030’s economic diversification efforts focused on continued development and government […]
HRH Prince Abdulaziz bin Salman Al-Saud, Minister of Energy, inaugurates three renewable energy projects in Uzbekistan
Riyadh, Saudi Arabia – 19 December 2024: His Excellency President Shavkat Mirziyoyev, President of the Republic of Uzbekistan, joined virtually by His Royal Highness, Prince Abdulaziz bin Salman bin Abdulaziz; Minister of Energy, inaugurated three renewable energy projects in Uzbekistan, to be operated by ACWA Power. On this occasion, His Royal Highness Prince Abdulaziz bin Salman […]
ACWA Power Launches Two Environmental and Community Initiatives at COP16
• The Saudi-listed company announces support for the Global Coral R&D Accelerator Platform Foundation (CORDAP)• Company to provide water access for more than 1,500 households in Wadi Hajar, Makkah region through Sekaya Charitable Foundation Riyadh, Kingdom of Saudi Arabia; 18 December 2024: ACWA Power, the world’s largest private water desalination company, leader in energy transition, and first mover […]