Category: Economy & Business
Wallan Trading Opens First Dedicated Genesis Certified Showroom in Riyadh
Wallan Trading Company has inaugurated its first dedicated showroom for Genesis Certified vehicles in Riyadh, spanning 340 square meters.
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Max Fashion Deploys Google Cloud AI for Virtual Fitting in the UAE
Max Fashion has integrated Google Cloud’s Virtual Try-On API in the UAE to offer customers realistic visual previews of clothing fit.
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Saudi Water Authority Announces Return of IDWS 2026 to Jeddah
The Saudi Water Authority has announced the return of the IDWS 2026 conference to Jeddah, focusing on water sustainability, governance, and financial partnerships.
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Mastercard Launches Agent Pay for Machines for AI Commerce
Mastercard has launched a new service to enable secure, programmatic microtransactions between autonomous AI agents across its global network.
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Wego Reports 173 Percent Increase in UAE Travel Searches During May
Wego data reveals a 173% month-on-month surge in UAE travel searches during May 2026 as travelers secure bookings ahead of summer price increases.
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Unifonic Acquires Segmentify to Expand AI Customer Engagement
Unifonic has acquired Segmentify to integrate real-time AI personalization and expand its customer engagement platform across the MENA region.
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Oliver Rowland Completes First Test of New Formula E GEN4 Car
Nissan Formula E Team driver Oliver Rowland completed his first test of the new GEN4 car, sharing his thoughts on the vehicle’s performance upgrades.
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PMI Report Reveals 81% of Professionals Face Rising Project Complexity
A new PMI report reveals that 81% of project professionals face rising complexity, with successful teams being five times more likely to deliver projects effectively.
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TikTok Community Fest Returns for 2026 with Creator Academy
The TikTok Community Fest returns on June 11, 2026, featuring the new Creator Academy and interactive in-app missions for global creators.
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Deloitte Middle East Launches Tax Operate Service to Modernize Compliance
Deloitte Middle East has launched its Tax Operate service to help regional organizations manage complex tax compliance and modernize their operations.
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China’s $295 Billion AI Infrastructure Plan Faces Severe Chip Gap
China plans to spend $295 billion on a nationwide AI data center network, but US export controls on advanced chips present a major hurdle.
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RIKAZ Partners with SNB Capital to Launch Education Investment Fund
RIKAZ has partnered with SNB Capital, AlMajdiah, and First Avenue to establish a new fund focused on developing educational facilities across Saudi Arabia.
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Saudi Arabia’s Draft Global AI Hub Law to Reshape Data Infrastructure
Saudi Arabia’s draft Global AI Hub Law introduces a novel framework for multi-jurisdictional data hosting, balancing national sovereignty with international data exchange.
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Analysis Suggests AI Coding Costs May Heavily Exceed Current Revenues
A recent analysis indicates that Anthropic and OpenAI may be spending ten times more on compute infrastructure than they charge for coding tools.
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Saudi Arabia and Turkey Discuss Digital Infrastructure and Smart Mobility Partnerships
Saudi Arabia and Turkey held bilateral talks in Riyadh to discuss expanding investments in digital infrastructure, artificial intelligence, and smart mobility.
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Industrial Control Systems Face Rise in Cyberattacks Globally
A new Kaspersky report reveals that 19.6% of industrial control systems faced blocked malware in Q1 2026, with manufacturing sectors seeing increased threats.
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UBS Report Details the Evolution of Football into a Global Industry
A new UBS report details how football is transitioning from a cultural sport into a highly structured global industry with diversified revenue streams.
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AMD Commits £2 Billion to Expand AI Infrastructure and Research in the UK
AMD has announced a five-year, £2 billion investment plan in the United Kingdom to expand AI infrastructure, support scientific research, and build academic partnerships.
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LG Electronics Expands Local HVAC Manufacturing in Saudi Arabia with MULTI V S Production
LG Electronics has expanded its local HVAC manufacturing in Saudi Arabia with the launch of MULTI V S production at the LG-Shaker facility in Riyadh.
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Mastercard Cyber Pulse Report Highlights Key Vulnerabilities in EEMEA Digital Economy
The Cyber Pulse Report by Mastercard reveals that 44% of cyberthreats in EEMEA target public, tech, and financial sectors, raising breach costs.
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