Category: Economy & Business
Cursor AI Startup in Talks for $50 Billion Valuation, Nearly Double Its Previous Worth
Cursor, the AI-powered coding tool, is in preliminary talks for a funding round at a $50 billion valuation — nearly double its November 2025 figure of $29.3 billion.
Read More
Ant International Positions FinAI as Backbone for Agentic Commerce Growth
Ant International positions FinAI as essential infrastructure for secure agentic commerce, with AI-facilitated spending forecast to reach $8 trillion by 2030.
Read More
Hikvision ESG Award: Company Wins DMCC Global Enterprise ESG Leader Recognition
Hikvision received the inaugural DMCC Global Enterprise ESG Leader Award on March 12, 2026, recognizing its environmental, social, and governance performance across its Middle East operations.
Read More
Grand Mosque Installs 15 Interactive Signs in Smart Guidance Initiative for Umrah Visitors
The General Authority for the Care of the Affairs of the Grand Mosque has installed 15 interactive signs as part of a smart guidance initiative. The signs use color-coding and QR codes to help Umrah visitors navigate the mosque.
Read More
Bel Group and Kiri Distribute 20,000 Meal Kits in Jeddah for Third Consecutive Ramadan
Bel Group and Kiri distributed 20,000 fresh meal kits in Jeddah during Ramadan 2026, marking the third consecutive year of the initiative with the Saudi Food Bank.
Read More
Ericsson and Future Technologies Venture Expand Collaboration to Accelerate Private 5G Adoption in North America
Ericsson and Future Technologies Venture have expanded their collaboration to accelerate private 5G adoption across North American manufacturing, logistics, energy, and transport sectors.
Read More
HAVELSAN Breaks Ground on 17,000 sq m Flight Simulator Production Center in Ankara
HAVELSAN has broken ground on a 17,000 sq m flight simulator production facility in Ankara, targeting output of more than 30 simulators annually by 2027.
Read More
Nvidia Backs Thinking Machines Lab with Investment and 1-Gigawatt Compute Deal
Nvidia and Thinking Machines Lab have struck a multiyear deal to deploy at least 1 gigawatt of Vera Rubin compute power, alongside a direct investment in the Mira Murati-led AI startup.
Read More
Pakistan 5G Spectrum Auction Raises $507 Million as Jazz, Ufone and Zong Secure 480MHz
Pakistan’s 5G spectrum auction raised $507 million, with Jazz, Ufone, and Zong securing 480MHz across four frequency bands on March 11, 2026.
Read More
China Restricts OpenClaw AI Platform Use Across Government Agencies and State Banks
China has moved to restrict OpenClaw AI platform use across government agencies and state banks, citing data security risks. Tencent and JD.com continue to promote adoption in the private sector.
Read More
Open World Names Dr. Salman Al-Khaldi to Lead Saudi Arabia Operations as RWA Tokenization Center Launches
Open World Ltd. has appointed Dr. Salman Al-Khaldi as Regional President to lead the RWA Tokenization Center of Excellence in Saudi Arabia, set to launch in 2026.
Read More
Bupa Arabia Reports 41% Female Promotion Rate and 50+ Women in Leadership Roles
Bupa Arabia recorded a 41% female promotion rate — its highest in company history — and placed more than 50 women in leadership roles as part of a structured diversity strategy.
Read More
Anthropic Files Lawsuit Against Trump Administration Over National Security Blacklisting
Anthropic filed a lawsuit on March 9, 2026, challenging the Trump administration’s decision to designate the AI company as a national security supply-chain risk. The move follows the cancellation of a $200 million Pentagon contract.
Read More
Saudi Arabia AI Sector Reaches $9.1 Billion in Funding as Cabinet Designates 2026 the Year of Artificial Intelligence
Saudi Arabia’s Cabinet designated 2026 as the Year of Artificial Intelligence as the Kingdom ranked 14th globally in the 2025 AI Index and AI companies secured $9.1 billion in funding.
Read More
Ambassadori Island Batumi and Arup Unveil Smart City Vision at MIPIM 2026
Ambassadori Island Batumi presented its 84-hectare smart city masterplan at MIPIM 2026 in Cannes, developed in collaboration with engineering firm Arup. The Black Sea project includes a 58-floor residential tower and targets international investors.
Read More
IATA Safety Report 2025: Aviation Fatalities Rise to 394 as Sector Maintains Strong Overall Record
IATA’s 2025 safety report recorded 394 onboard fatalities and 51 total accidents across 38.7 million flights, with GPS spoofing incidents surging 193% year-on-year.
Read More
Samsung Seeks AI Partnerships to Close Gap with Apple in Smartphone Market
Samsung Electronics is seeking new AI developer partnerships to strengthen its Galaxy lineup against Apple, as global smartphone shipments face a forecast 12 percent decline in 2026.
Read More
ScreenCheck and ICT Sign Strategic Partnership to Strengthen Enterprise Security Across the GCC
ScreenCheck and Integrated Control Technology (ICT) signed a strategic partnership on March 10, 2026, to expand access control and unified security management solutions across the GCC.
Read More
Vertiv PowerUPS 6000 Industrial UPS Targets Manufacturing, Oil and Gas, and Other Demanding Sectors
Vertiv launched the PowerUPS 6000 Industrial UPS on March 10, 2026, targeting oil and gas, manufacturing, and other sectors requiring power protection in environments reaching 50 °C.
Read More
Fortinet Report: AI-Driven Cyber Fraud Surges 1,300% as Saudi Arabia Tops MEA Cybersecurity Rankings
Fortinet’s 2026 report documents a 1,300% global rise in AI-driven cyber fraud and places Saudi Arabia among the top cybersecurity performers in the Middle East and Africa.
Read More
