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Consumer spending in Saudi Arabia rose by 1% to reach SR150.1 billion, driven by a 28% surge in e-commerce, despite a decline in cash withdrawals, signaling a continued shift toward digital payments.

Clock05/05/2026

Meta is betting on a human-first AI future, but growing legal battles and declining public trust are putting Mark Zuckerberg’s vision to the test.

Saudi Arabia ranks among the world’s top 10 countries for private AI investment, according to the World Bank’s World Development Report 2026.

Kyndryl launches Agentic Modernization services-as-software, leveraging AI-powered workflows to help enterprises accelerate and scale continuous technology modernization.

Reading Time 2 minutes

Apple shares came under pressure after Jefferies downgraded the stock to Underperform and cut its price target to $263.66, citing concerns that plans for a highly anticipated all-glass iPhone have been scrapped. Analyst Edison Lee pointed to production challenges, rising memory costs and uncertainty around Apple’s AI strategy, adding to recent concerns over the tech giant’s growth outlook.

Clock11/08/2026
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