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Saudi Arabia’s car leasing industry is hitting the fast lane, driven by a mix of favorable conditions and shifting dynamics. According to Glasgow Research & Consulting, the market—valued at approximately $772 million in 2023—is on track to soar to $1.3 billion by 2028, fueled by a projected compound annual growth rate (CAGR) of 9.7%.

Several forces are revving up this growth. The increasing adoption of leasing solutions by businesses, combined with a rising workforce across the Kingdom, is fueling demand. Notably, the growing number of women drivers, following the recent lifting of restrictions, is further boosting the sector.

Like the broader Saudi economy, the car leasing market is undergoing a transformation. Post-pandemic recovery has spurred modernization across major cities, accompanied by a push toward electric vehicles and sustainable mobility options. This aligns with Saudi Arabia’s broader vision of becoming a global business hub, which has drawn a steady influx of expatriates. Many of these newcomers prefer leasing vehicles over buying, given the convenience and flexibility of leasing contracts, typically lasting three to four years.

Local champions such as Hanco and Theeb dominate the market, though global players like Budget, Hertz, and Avis also hold significant ground. Among the most popular leased models are everyday sedans like the Toyota Camry, Hyundai Sonata, and Nissan Altima. Luxury seekers often opt for premium models, including the Mercedes-Benz E-Class and BMW 7 Series.

Sedans lead the charge, accounting for 43% of all leases in 2022, followed closely by SUVs at 39%. Luxury vehicles represent a smaller but notable 8% of the market. Corporate clients dominate the leasing space, making up 81% of contracts, with private leasing contributing the remaining 19%.

Looking ahead, digitalization will play a pivotal role in shaping the future of the industry. Glasgow Research & Consulting highlights that companies prioritizing customer retention and seamless service experiences will stand out in this competitive landscape. As the market matures, embracing technology and customer-centric strategies will be key to sustained growth and success.

With strong momentum and a forward-looking approach, Saudi Arabia’s car leasing sector is poised to become a vital component of the Kingdom’s evolving mobility ecosystem.

Automation is no longer a luxury—it’s a necessity. From manufacturing floors to IT departments and marketing campaigns, businesses across every industry are embracing automation to streamline operations and stay competitive. As 2025 approaches, emerging trends in automation, particularly the integration of artificial intelligence (AI), are set to redefine the landscape of work, pushing innovation to the forefront and enabling smarter, faster, and more scalable business processes.

The AI-Powered Leap: Smarter Automation, Bigger Gains

Artificial intelligence and machine learning are transforming automation into a dynamic force. Unlike traditional automation, which follows rigid rules, AI introduces flexibility and adaptability. AI-driven tools can handle intricate tasks such as predictive maintenance, customer support, and supply chain optimization, unlocking new levels of efficiency and cost savings.

Consider platforms like UiPath and Automation Anywhere. These pioneers of AI-powered Robotic Process Automation (RPA) now work seamlessly with unstructured data, identifying patterns and making real-time decisions. Natural language processing tools like IBM Watson and Google Cloud AI are revolutionizing customer service by analyzing queries and delivering instant, accurate responses. Meanwhile, machine learning platforms such as Microsoft Azure and TensorFlow are enhancing predictive maintenance and anomaly detection, automating once-manual tasks with unmatched precision.

AI isn’t just about doing tasks faster—it’s about making better decisions. Predictive analytics tools, including SAS, DataRobot, and Tableau, harness vast amounts of data to forecast trends and recommend optimal strategies. This ability to transform raw data into actionable insights marks a new era in digital transformation, where businesses leverage automation to innovate and gain a competitive edge.

AI in Action: Industry Transformations by 2025

The ripple effects of AI-driven automation are poised to disrupt and enhance industries across the board. Here’s a glimpse of what’s ahead:

1. Healthcare: Precision and Speed in Patient Care

By 2025, AI tools like IBM Watson Health will play a pivotal role in diagnostics and personalized treatment plans. Healthcare professionals will benefit from faster decision-making and more accurate predictions, improving patient outcomes and reducing costs.

2. Finance: Real-Time Fraud Detection and Smart Investments

In finance, AI will revolutionize fraud prevention by analyzing transaction patterns and flagging suspicious activity instantly. High-frequency trading algorithms will optimize investment portfolios, while predictive tools will help financial institutions anticipate market shifts and manage risk more effectively.

3. Retail: Tailored Experiences and Smarter Inventory

AI will transform retail by enhancing customer experiences and inventory management. Retailers will leverage AI for demand forecasting and hyper-personalized marketing. Imagine walking into a store where your preferences are anticipated, and stock is managed seamlessly based on predictive analytics.

The Road Ahead: Automation as a Catalyst for Innovation

As automation evolves, it will not only reduce manual workloads but also fuel creativity and innovation. Businesses that harness AI-driven automation will unlock new opportunities for growth, delivering better products, services, and experiences to their customers.

The future of work is not just about doing more—it’s about doing better. By embracing automation trends in 2025, companies can build smarter, more agile operations and thrive in an ever-changing landscape.

The video game industry is leveling up in spectacular fashion. With an expected 6% annual growth, the market is projected to surge past $250 billion by 2028, according to Bain & Company. In 2023 alone, it raked in $196 billion—outperforming both streaming and box-office revenues combined.

What’s fueling this meteoric rise? A gaming revolution that transcends traditional consoles and PCs. Mobile gaming, cloud platforms, and immersive virtual reality (VR) experiences are at the forefront, offering something for every type of player—from casual smartphone users to hardcore VR adventurers.

“We’re witnessing a massive shift in entertainment consumption,” says Daniel Hong, global leader of Bain’s Media & Entertainment practice. “Young people are spending more time gaming and less time on video and other media.”

Gaming: The New Social Frontier

Video games have become more than just a pastime—they’re a social lifeline. The pandemic accelerated this shift, turning virtual worlds into gathering places where friends meet, chat, and even shop. Bain’s study reveals that 52% of people across all age groups play games regularly. Unsurprisingly, young players dominate: 80% of those aged 2 to 18 consider themselves gamers, spending about 30% of their entertainment hours in digital realms.

“Players today want more than great graphics,” Hong explains. “They’re craving immersive, seamless experiences across devices and platforms.”

The Rise of Player-Created Worlds

A major trend transforming the industry is user-generated content (UGC). Titles like Minecraft and Roblox empower players to craft their own worlds, fostering creativity and community. An impressive 79% of gamers actively engage with UGC, and this figure is poised to grow as generative AI tools make game customization even more accessible.

The power of gaming influencers cannot be overlooked. Streamers with millions of followers have turned their passion into careers, driving engagement and boosting game popularity.

Gaming: The Hub of Modern Life

Today’s gamers do more than just play—they socialize, watch videos, and shop within game environments. Bain’s research shows that players who participate in diverse in-game activities tend to spend more, highlighting the industry’s evolution into a broader entertainment ecosystem.

Moncef Maghrebi, a partner at Bain & Company, sees this as a pivotal moment. “To stay competitive, companies must deepen customer relationships and rethink how they engage with players and competitors. The key is adapting to emerging technologies and creating more connected experiences.”

Spotlight on MENA: The Fastest-Growing Market

One region leading the charge is the Middle East and North Africa (MENA), where the gaming market is expanding at a jaw-dropping 25% annually—three times the growth rate of China. This rapid rise underscores the global appeal of gaming and its potential to unlock new opportunities in untapped markets.

As the industry continues to evolve, one thing is clear: gaming is no longer just about play—it’s about connection, creativity, and commerce. With innovation at its core, the global video game market is set to dominate the future of entertainment. 🎮✨

At the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), procurement isn’t just about supply chains and purchase orders—it’s about shaping a smarter, more sustainable future. Leading this mission is Mansour Al Blooshi, Head of Procurement at MBZUAI, whose unconventional career path has uniquely equipped him to play a pivotal role in advancing the UAE’s AI aspirations.

From Football Pitches to Procurement Desks

Before stepping into the world of procurement, Mansour’s life was anything but ordinary. As a professional football referee in the UAE league, he mastered skills like fairness, patience, and decision-making under pressure—qualities he now applies to procurement.

His unexpected journey into the profession began during his tenure as cabin crew at Etihad Airways, where a chance conversation with a manager introduced him to procurement. “I’d never even heard the term before,” he admits, but a combination of curiosity, mentorship, and relentless hard work launched his career.

After honing his skills at Etihad Airways and later at Masdar Institute (now part of Khalifa University), Mansour joined MBZUAI in 2020. In August 2022, he assumed his current role, steering procurement for the world’s first graduate research university dedicated to artificial intelligence.

Powering an AI-Driven Institution

Established in 2019, MBZUAI is more than a university—it’s a trailblazer in AI research and education. Its eco-friendly, purpose-built campus is home to 283 students from 41 countries, all studying on full scholarships that cover tuition, accommodation, flights, and stipends. This generosity places unique demands on Mansour’s procurement team, which must balance operational efficiency with sustainability and innovation.

“Our primary suppliers are in IT,” Mansour explains, noting partnerships with Emircom, Alpha Data, and Hewlett Packard Enterprise (HPE) to develop the university’s cutting-edge IT infrastructure and High-Performance Computing (HPC) data center. Whenever possible, MBZUAI prioritizes working with local companies, underscoring its commitment to supporting Abu Dhabi’s tech ecosystem.

Sustainability at the Core

For Mansour, sustainability isn’t just a buzzword—it’s a guiding principle. Inspired by Abu Dhabi’s 2050 sustainability goals, he has integrated eco-conscious practices into every facet of procurement at MBZUAI.

One of his first initiatives was eliminating plastic water bottles on campus. He then introduced a sustainability policy requiring suppliers to meet strict environmental standards. “Sustainability now accounts for 20% of our commercial evaluations,” he says. From IT equipment to kitchen supplies, the focus is on recyclable, sustainable products that minimize environmental impact.

This forward-thinking approach ensures that MBZUAI isn’t just advancing AI—it’s doing so responsibly.

Overcoming Challenges with Innovation

When Mansour joined MBZUAI, the procurement system was in flux, with processes being handled manually. He tackled these inefficiencies head-on, creating custom workflows and tools to streamline operations and prevent open purchase orders from impacting the annual budget.

“No two days are the same in procurement,” he reflects. “It’s a routine job, but never a routine scenario.” Despite challenges, Mansour thrives on educating others about the importance of procurement and fostering greater understanding within the organization.

Training AI Leaders for Tomorrow

MBZUAI’s mission extends beyond academia. The university runs executive training programs to equip UAE government and private sector leaders with the tools they need to integrate AI into their organizations. Its flagship Executive Program has already trained over 120 leaders, fostering a thriving AI ecosystem in the UAE.

“Leadership buy-in is essential for successful digital transformation,” Mansour emphasizes. Through its training programs and world-class faculty, MBZUAI is building a foundation for AI adoption across industries.

A Vision for Global Leadership in AI

As Mansour looks to the future, his optimism for MBZUAI and the UAE is palpable. “We have all the resources when it comes to talent and brilliant ideas,” he says. “The UAE can become a global hub for AI, and MBZUAI is at the heart of this transformation.”

With its innovative curriculum, cutting-edge research, and unwavering commitment to sustainability, MBZUAI isn’t just a university—it’s a symbol of the UAE’s ambition to lead the world in artificial intelligence. As Mansour proudly puts it:

“MBZUAI is the paradise of AI.”

With the UAE’s EV market racing ahead—bolstered by a projected annual growth of 30% between 2022 and 2028—it’s no wonder electric SUVs are in the spotlight. From sleek Scandinavian minimalism to wallet-friendly innovation, here’s our roundup of the best new electric SUVs that blend luxury, sustainability, and cutting-edge tech.

1. Polestar 3: Scandinavian Cool Meets Sci-Fi Tech

Arriving in the UAE in 2024, the Polestar 3 is a head-turner with futuristic flair. Backed by Volvo, this SUV boasts clean lines and innovative tech like onboard passenger detection to prevent overheating in the desert sun. Choose between two versions: the standard model or the Performance Pack, which offers extra power and torque.

With a range of 610 km and a lightning-fast 30-minute charging time, the Polestar 3 delivers both style and substance. Its eco-conscious interior—featuring flax-based composite materials and recycled PET bottle floor mats—is as spacious as it is sustainable. Polestar also uses blockchain to trace battery materials, ensuring conflict-free sourcing.

Looking to dive in now? Opt for the Polestar 2, already available in the UAE.

2. Mercedes-Benz EQS SUV: Futuristic Elegance and Raw Power

The Mercedes-Benz EQS SUV is redefining luxury on wheels. With its sleek design and cutting-edge features, it zips from 0-100 km/h in just 4.3 seconds—no wonder Dubai Police added it to their fleet!

Offering a remarkable 717 km range and fast-charging capabilities (15 minutes for up to 200 kW), this seven-seater is as practical as it is opulent. Inside, the MBUX Hyperscreen provides a personalized, AI-driven experience, while its spacious three-row design makes room for passengers and even four golf bags.

Whether you’re commuting or cruising, the EQS SUV is a class apart.

3. Audi Q8 e-tron: Luxury and Performance Redefined

Making its UAE debut in March, the Audi Q8 e-tron is an electric powerhouse. With a starting price of AED 419,900, it delivers a luxurious experience backed by an impressive 582 km range (up to 600 km for the Sportback).

Built for adventure, this SUV charges from 10% to 80% in just 31 minutes and includes an onboard AC charger for convenient home charging. Comfort reigns supreme with its four-zone climate control, optional massage seats, and ambient lighting. With acceleration from 0-100 km/h in just 5.6 seconds, it’s a perfect blend of speed and sophistication.

4. Volvo EX90: Safety First, Style Always

Slated to hit UAE roads in early 2024, the Volvo EX90 is a seven-seater electric marvel. It combines family-friendly practicality with cutting-edge safety, featuring eight cameras, five radars, and a 360-degree view of its surroundings.

The EX90 offers a 600 km range on a single charge and fast-charging capabilities (10% to 80% in just 30 minutes). Acceleration clocks in at 5.9 seconds, while the Volvo Cars smartphone app makes managing everything—from finding charging stations to keyless entry—a breeze.

5. BYD Atto 3: Affordable Innovation for Everyone

Chinese carmaker BYD has made waves with the Atto 3, the most budget-friendly electric SUV in the UAE, starting at AED 149,000. Its sporty exterior and futuristic interior make it a stylish choice without breaking the bank.

The Atto 3 is powered by one of the world’s safest batteries, offering a 480 km range and fast-charging capabilities (30% to 80% in just 29 minutes). It’s packed with smart features like automatic lane keeping, blind-spot detection, and intelligent voice control. With a top speed of 160 km/h and acceleration from 0-100 km/h in 7.3 seconds, it’s an ideal entry point for UAE residents making the electric switch.

Charging the Future

The UAE is paving the way for a greener tomorrow, with plans for 3,000 charging stations by 2030 and innovative launches like the nation’s first electric car brand, Rabden. Whether you prioritize performance, luxury, or affordability, these electric SUVs represent the future of sustainable driving. Which one will power your next adventure?

Saudi Arabia’s stc Group is solidifying its reputation as a global tech powerhouse, making bold strides in telecommunications and IT infrastructure. This year, the Group underscored its ambitions with a landmark $2.27 billion investment for a 9.9% stake in Telefónica, one of the world’s largest telecom players.

Expanding Horizons with Telefónica

Telefónica’s influence spans major markets, including Spain, Germany, the UK, and Brazil, with cutting-edge capabilities in cognitive intelligence, edge computing, and IoT. stc Group Chairman Mohammed K. A. Al Faisal hailed the acquisition, stating, “This long-term, significant investment reflects our strategy to build and invest in critical digital infrastructure globally.”

This bold move follows Tawal, an stc subsidiary, acquiring telecom tower assets in Bulgaria, Croatia, and Slovenia from United Group, further enhancing stc’s global reach.

A Vision for Digital Transformation

stc Group continues to position itself as a digital transformation leader in Saudi Arabia and beyond. Its diversified portfolio spans telecommunications, IT, fintech, digital media, and cybersecurity. CEO Eng. Olayan Mohammed Alwetaid highlighted the Group’s DARE 2.0 strategy, a comprehensive roadmap for growth in sectors like gaming, smart home technology, cloud services, cybersecurity, and mega-projects.

In a historic move, stc Group increased its share capital from SAR 20 billion to SAR 50 billion ($13.3 billion) in 2022—the largest in Saudi Capital Market history—fueling its ambitious growth strategy.

Driving Innovation and Connectivity

stc Group has consistently prioritized innovation. Key initiatives include:

• Establishing iot squared, a joint venture with Saudi Arabia’s Public Investment Fund (PIF), to tap into the growing Internet of Things market.
• Partnering with Alibaba Cloud, SCAI, and SITE to create the General Cloud Computing Company for Information Technology.
• Launching center3, a digital hub housing data centers and submarine cables, capitalizing on Saudi Arabia’s pivotal location at the crossroads of east and west.

The company also marked a milestone with the Saudi Vision Cable (SVC), the first high-capacity, high-speed submarine cable in the Red Sea.

Global Expansion and Strategic Moves

Beyond its investments at home, stc has expanded its global footprint. Acquiring Egypt’s Giza Systems and Pakistan’s AWAL Telecom, along with Tawal’s acquisition of telecom tower assets in Southeast Europe, reflect its broad ambitions.

Telefónica: A Natural Ally

The recent stake in Telefónica comes as the Spanish telecom giant reported strong Q2 2023 performance, with a 44.5% year-on-year increase in net income, reaching $495 million. Telefónica’s Chairman, José María Álvarez-Pallete, outlined an ambitious 2023-2026 roadmap focused on growth, profitability, and sustainability, emphasizing the company’s readiness to “shape the future.”

With its global strategy, stc Group is not just participating in the digital revolution—it’s leading the charge. Its partnership with Telefónica signals another milestone in its journey to becoming a world-class digital leader.