Category: Economy & Business
Klay Group Appoints Gaurav Gupta as Managing Director for Asia Operations
Klay Group appoints Gaurav Gupta as Managing Director for Asia, based in Singapore. The appointment reflects the firm’s expansion strategy amid growing demand for institutional-quality wealth management solutions.
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BurjX Expands Stablecoin Infrastructure Across Multiple Blockchain Networks
BurjX stablecoin infrastructure expands across multiple blockchain networks under ADGM regulation, enabling multi-chain settlement with AED banking integration for institutional and retail clients.
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LG Electronics Partners With Green Riyadh to Support Saudi Environmental Goals
LG Electronics partners with Green Riyadh on Earth Day 2026, supporting Saudi Vision 2030’s environmental goals through tree-planting initiatives and energy-efficient technology contributions.
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ADCB Reports Record Q1 2026 Profit of AED 3.781 Billion, Up 30% Year-on-Year
ADCB Q1 2026 earnings achieved record profit before tax of AED 3.781 billion, up 30 percent year-on-year, marking 19 consecutive quarters of profit growth. The bank’s strong performance was driven by diversified revenue streams and operational efficiency gains.
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Saudi Government Agencies Boost Emerging Technologies Adoption to 76.04%
Saudi government agencies increased emerging technologies adoption readiness to 76.04% in 2026, up from 74.69% in 2025, with 54 agencies participating in the Digital Government Authority’s latest assessment.
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King Saud University Showcases Four Medical Patents at Innovation Exhibition
King Saud University displayed four medical patents during its World Creativity and Innovation Day exhibition, including innovations in medical bandages, dental crowns, implant research, and anesthesia tools.
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AlfaNow Partners with Al Fardan Exchange to Expand Cross-Border Payments in UAE
AlfaNow and Al Fardan Exchange launch partnership enabling cross-border payments to 125+ countries through 92+ UAE branches and digital channels.
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Ericsson and Saudi Arabia Expand Digital Infrastructure Partnership
The Ericsson Saudi Arabia partnership expands its digital infrastructure scope, focusing on 5G networks, cloud services, and artificial intelligence investments in the Kingdom.
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Loylogic Launches Redesigned Website for Global Rewards Marketplace
Loylogic launches a redesigned website reflecting the shift from traditional loyalty programs to marketplace-driven engagement. The platform enables organizations to deliver rewards at scale across 190 countries.
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Survey Reveals Shadow IT Risks Leave Saudi Organizations Vulnerable to Cyberattacks
Kaspersky survey finds 45% of Saudi professionals view cybersecurity policies as excessive, while 25% install software without IT oversight, exposing organizations to significant security risks.
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BHM Capital Approves 20% Dividend Distribution for 2025
BHM Capital approved a 20% dividend distribution for 2025, comprising 5% cash dividends and 15% bonus shares, backed by strong financial results including AED 205.98 million in revenues.
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Dubai South Partners With Emirates NBD to Support SME Growth
Dubai South and Emirates NBD sign partnership to support SME growth through streamlined banking services and tailored financial solutions within the major development.
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SpaceX Strikes Deal With Cursor, Eyes $60 Billion Acquisition Option
SpaceX has partnered with Cursor to develop AI coding tools, with an option to acquire the software platform for $60 billion later this year. The deal combines Cursor’s product capabilities with SpaceX’s Colossus supercomputer.
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Tamatem Acquires Playable Factory to Expand Ad Tech Capabilities
Tamatem acquires Playable Factory to strengthen its ad technology capabilities and transition into an AI-first gaming platform. The deal brings advanced playable ads technology to the MENA gaming publisher’s integrated ecosystem.
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Smartphone Prices Rise in 2026: What Middle East Buyers Need to Know
Smartphone prices 2026 are rising globally and in the Middle East. Middle East consumers are shifting toward upper-mid-tier phones that offer flagship features at more reasonable prices.
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Cloud Phones Emerge as Major Tool in Financial Fraud, Group-IB Report Finds
Group-IB reveals how cloud phones fraud has become a primary tool for financial fraud, bypassing traditional bank security systems. The report documents the evolution from simple social media tools to sophisticated money laundering infrastructure.
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Saudi Business Leader Mohammed Abudawood Appointed Chairman of Merit Incentives Group
Saudi business tycoon Mohammed Abudawood joins Merit Incentives Group as Chairman, bringing three decades of experience in trading, manufacturing, and international ventures to lead the global engagement technology company.
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Cisco Launches Sovereign Critical Infrastructure Portfolio Across EMEA Region
Cisco launches Sovereign Critical Infrastructure portfolio across EMEA, enabling organizations in Saudi Arabia and the region to maintain control over data and critical digital infrastructure while adopting AI technologies.
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LG Unveils Built-In Kitchen Suite at EuroCucina 2026 with AI-Powered Appliances
LG Electronics debuts its new built-in kitchen suite at EuroCucina 2026, featuring six product lines with AI-powered appliances designed for energy efficiency, space optimization, and intelligent performance across refrigeration, cooking, and dishwashing.
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World Economic Forum Names Two Saudi CEOs to 2026 Young Global Leaders Class
The World Economic Forum has named two Saudi CEOs to its 2026 Young Global Leaders class, recognizing their contributions to innovation and regional business development.
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