Saudi mega-projects could generate 35% of power needs through on-site renewables
A BCG report says rooftop solar and decentralized renewable systems can lower electricity costs, reduce emissions and help developers meet...
Research
Bain identifies four priorities for sovereign wealth funds as assets approach $30 trillion
State-backed investors are expanding beyond traditional investment models, increasing exposure to alternatives, AI and direct deals while balancing returns with...
Economy
Economy
Saudi Arabia’s inflation rises to 1.8 percent in May on higher rents
Dubai, UAE -- Saudi Arabia’s annual inflation rate rose to 1.8% in May 2026, up from April, as higher housing,...
- The cost-of-living index increased to 105.3 points in May from 103.5 points a year earlier.
- GASTAT said the rise was driven primarily by a 3.7% year-on-year increase in housing, water, electricity, gas and other fuels, reflecting a 4.7% rise in rents.
Geostrategy
Middle East conflict slows global growth outlook, World Bank says
Most economies saw forecasts downgraded as rising energy costs, inflation and borrowing expenses create fresh challenges for growth and development...
- World Bank is making up to $60 billion available immediately through existing instruments to support affected countries.
- More than 30 countries are working with the institution to strengthen preparedness and enable rapid crisis responses.
Business
AI success in life sciences depends on people as much as technology: Bain
Organizations creating the most value from AI are not necessarily those deploying the most technology. Instead, they are redesigning workflows,...
- Organizations achieving the strongest AI outcomes prioritize a handful of enterprise-wide initiatives rather than dispersing resources across numerous experiments.
- Workforce adoption remains the biggest challenge, prompting successful companies to invest heavily in change management, skills development and leadership engagement.
Geostrategy
Saudi, UAE startups join World Economic Forum’s global tech cohort
Saudi Arabia was represented by intella, which develops Arabic-language speech recognition and analytics tools, and Nommas Technologies, which provides AI-powered...
- World Economic Forum's 2026 Technology Pioneers recognizes early-stage companies developing technologies with the potential to reshape industries and societies.
- The cohort underscores a shift in global innovation patterns, with emerging economies playing a larger role in frontier technologies.
Economy
PIF assets reach $910 billion by 2025 end, below Vision 2030 target
According to the latest Vision 2030 annual report, the real non-oil GDP reached $892 billion against a target of $904...
- The figure represents substantial growth for the sovereign wealth fund but remains below the programme's target of $1.09 trillion.
- The sovereign wealth fund is the main financial engine behind Vision 2030, Saudi Arabia's plan to reduce dependence on oil revenues.
Economy
Saudi Arabia’s economy expands as oil and non-oil sectors grow
According to the General Authority for Statistics (GASTAT), all major economic sectors recorded positive annual growth during the quarter, reflecting...
- Oil and non-oil activities each increased 2.9% from a year earlier, underscoring balanced contributions to economic expansion.
- By regulatory sectors, the oil sector expanded 2.8% YoY in Q1 2026, while the non-oil sector grew 2.6%. The private sector posted growth of 2.8%.
Business
Microsoft data highlights Qatar’s rapid Artificial Intelligence growth
The finding place Qatar among the top ten countries globally for practical AI usage. Qatar's AI market reached approximately $59...
- Experts say governance, regulation and workforce skills will determine the long-term success of Qatar's AI ambitions.
- Several institutions have played a leading role in advancing AI adoption, including Qatar Foundation for Education, Science and Community Development.
Economy
China’s foreign exchange reserves rise by $31bn to $3.44 trillion
Dubai, UAE -- China’s foreign exchange reserves rose to $3.4422 trillion at the end of May, their highest level in...
- SAFE attributed May's increase primarily to exchange-rate valuation effects and changes in prices of global financial assets.
- China remains the world's largest holder of foreign exchange reserves, providing a key buffer against market volatility and external shocks.
Economy
UN food organization sees global cereal output falling in 2026/27
Dubai, UAE -- Global cereal production is expected to decline by 2% in the 2026/27 season to 2.982 billion tons,...
- Record 2025/26 harvests helped build global cereal inventories despite forecasts of tighter supplies in the coming season.
- Lower wheat and barley trade volumes are expected to offset stronger maize and rice shipments worldwide.
Economy
Energy costs push OECD inflation to highest level this year
Dubai, UAE -- Annual inflation across the Organisation for Economic Co-operation and Development (OECD) accelerated to 4.4% in April from...
- Energy inflation reached 13.2% across the OECD, with 31 member countries reporting higher energy costs during April.
- U.S. inflation rose to its highest level since May 2023, while Britain's core inflation fell to four-year lows.
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Saudi mega-projects could generate 35% of power needs through on-site renewables
A BCG report says rooftop solar and decentralized renewable systems can lower electricity costs, reduce emissions and help developers meet...
Research
Company News
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IMF says Omicron could slow global growth
According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.
Qatar takes key step to control own airspace
Qatar said on Tuesday that it has been given a preliminary green light by a UN body on a proposal...
G20 ministers set to green light global tax reform
Finance ministers from the G20 richest nations are expected to give the green light Saturday to a historic deal to...
Saudi Arabia to generate $150 billion in investments from its new transport policy
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...
Saudi Arabia to create 40,000 jobs for its nationals
Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi...
AI success in life sciences depends on people as much as technology: Bain
Organizations creating the most value from AI are not necessarily those deploying the most technology. Instead, they are redesigning workflows,...
Business
Saudi, UAE startups join World Economic Forum’s global tech cohort
Saudi Arabia was represented by intella, which develops Arabic-language speech recognition and analytics tools, and Nommas Technologies, which provides AI-powered...
Geostrategy
PIF assets reach $910 billion by 2025 end, below Vision 2030 target
According to the latest Vision 2030 annual report, the real non-oil GDP reached $892 billion against a target of $904...
Economy
Most Read
Business
Microsoft data highlights Qatar’s rapid Artificial Intelligence growth
The finding place Qatar among the top ten countries globally for practical AI usage. Qatar's AI market reached approximately $59...
- Experts say governance, regulation and workforce skills will determine the long-term success of Qatar's AI ambitions.
- Several institutions have played a leading role in advancing AI adoption, including Qatar Foundation for Education, Science and Community Development.
Economy
China’s foreign exchange reserves rise by $31bn to $3.44 trillion
Dubai, UAE -- China’s foreign exchange reserves rose to $3.4422 trillion at the end of May, their highest level in...
- SAFE attributed May's increase primarily to exchange-rate valuation effects and changes in prices of global financial assets.
- China remains the world's largest holder of foreign exchange reserves, providing a key buffer against market volatility and external shocks.
Economy
UN food organization sees global cereal output falling in 2026/27
Dubai, UAE -- Global cereal production is expected to decline by 2% in the 2026/27 season to 2.982 billion tons,...
- Record 2025/26 harvests helped build global cereal inventories despite forecasts of tighter supplies in the coming season.
- Lower wheat and barley trade volumes are expected to offset stronger maize and rice shipments worldwide.