RIYADH — The Public Investment Fund (PIF) and Aramco have signed a non-binding term sheet for Aramco to acquire a significant minority stake in HUMAIN, a PIF-backed company pioneering the […]
Riyadh, Saudi Arabia – 17:00 AST, October 28, 2025 – HUMAIN, a global artificial intelligence company owned by the Public Investment Fund (PIF), has entered into a strategic partnership with
As Saudi Arabia prepares to host major global events such as Expo 2030 and the FIFA World Cup 2034, and as giga-projects like King Salman Park, Diriyah Gate, Qiddiya, and
Qaws.ai, a leading company in AI-driven recruitment technologies, has officially announced the acquisition of Samas Gamify, a platform specialized in behavioral and psychological assessments through gamified tools, marking a strategic
The Future Investment Initiative (FII) Institute has signed a strategic partnership agreement with HUMAIN, a company owned by the Public Investment Fund (PIF) and specialized in developing advanced artificial intelligence
UAE-based fintech Qashio, the region’s leading corporate spend management platform, has announced its acquisition of Saudi Arabia’s Sanad Cash, one of the Kingdom’s first and most established expense management solutions,
Oqood, a UAE-based company specializing in AI-powered legal solutions, has announced the successful closure of a $1 million Seed funding round led by a group of angel investors. The newly
Berlin, Germany – Berlin-based workflow automation startup n8n has successfully closed a $180 million Series C funding round, bringing its valuation to $2.5 billion. The round was led by Accel,
Emirates Development Bank (EDB) has announced the launch of new financing solutions worth USD 136 million aimed at supporting startups and micro, small, and medium-sized enterprises (MSMEs) as part of
Nuxera AI, a Saudi health-tech startup, has raised $2.5 million in a pre-seed funding round led by Sanabil Venture Studio by Redesign Health. The investment will fuel the company’s mission
Janus Henderson, a leading global active asset manager, has announced the first close of its $300 million Shariah-compliant direct lending fund – the MENA Private Credit Fund IV – securing
Continuing its commitment to providing top-tier services to the corporate sector and offering advanced digital financial solutions to enhance operational efficiency, Alinma Bank has announced a strategic investment and partnership
Continuing its commitment to providing top-tier services to the corporate sector and offering advanced digital financial solutions to enhance operational efficiency, Alinma Bank has announced a strategic investment and partnership
UAE-based accounting technology startup Oncount has successfully raised $1.5 million in a seed funding round, led by tech entrepreneur Sergey Panov. The fresh capital will accelerate the development and launch
Tamweel Aloula, a leading provider of financing solutions for individuals and businesses, has announced a strategic partnership with Lean Technologies to enable Account Verification Service (AVS) through open banking infrastructure.
Spare, the fintech innovator specializing in open banking infrastructure, has successfully closed its Pre-Series A funding round, raising $5 million. The round was led by anb Seed Fund from anb
DENVER, USA and SINGAPORE (Sept. 10, 2025) – Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced that it has secured a $1.6 billion investment
At the Money20/20 Middle East event in Riyadh, the Saudi Central Bank (SAMA) announced the launch of Google Pay across Saudi Arabia, a landmark step that strengthens financial inclusion and
Saudi fintech startup Wadaie has announced the successful closing of its Seed funding round, led by VentureSouq, with participation from Graphene Ventures, RZM Investment, as well as Arab National Bank
The Saudi Central Bank (SAMA) announced today, Monday, its no objection to Vision Bank commencing its digital banking operations in the Kingdom of Saudi Arabia. This approval aligns with SAMA’s
Bahrain-based Fintologya, a pioneering provider of cloud infrastructure solutions for payments, has successfully closed a $1 million Seed funding round led by a Gulf holding company. Fintologya delivers a cloud-native
Rihal, a leading Omani technology and data services company, has announced the successful first close of its Series A funding round at $7.5 million, as part of its plan to
DawaDose, the Jordan-founded pharmaceutical digital solutions startup, has successfully closed its Pre-Seed funding round with participation from a group of angel investors, marking a pivotal milestone in the company’s mission
Amazon Ads and Netflix today announced a new partnership that provides advertisers using Amazon DSP with direct access to Netflix’s premium ad inventory. The service will be available in the
Revolut, the global financial super app, has received in-principle approval from the Central Bank of the UAE (CBUAE) for its Stored Value Facilities (SVF) and Retail Payment Services (Category II)
In a bold step toward global expansion, Keeta—the international arm of Chinese delivery giant Meituan—has officially launched operations in the UAE, following rapid rollouts in Saudi Arabia and Qatar in
Sunbolah has successfully concluded the second edition of its business acceleration program, organized in partnership with the Agricultural Development Fund. The initiative brought together vision, innovation, and practical support to
E3.Ventures, the leading investment studio specializing in building and accelerating startups, has announced the signing of a strategic partnership with Groq, the global leader in high-performance AI processors. The partnership
CE-Invests, the strategic investment arm of Crescent Enterprises, announced its participation in the $50 million Series C funding round of Flipspaces, a leading interior design and commercial fit-out company with
Dubai-based fintech startup Metric has announced the successful closing of a new funding round of undisclosed value, aimed at strengthening its AI capabilities and expanding its footprint across regional and
Money20/20 Middle East has announced its founding partners and key sponsors for the inaugural edition set to take place in Riyadh from 15–17 September 2025, bringing together top global financial
Amazon has unveiled Lens Live, an AI-powered evolution of Amazon Lens that enables consumers to discover products through real-time visual search—similar to Google Lens and Pinterest Lens. Unlike the existing
Fitting, the innovative tech platform connecting building material suppliers with real estate developers and retailers, founded by Abdulaziz Al-Mubayyid and Mohammed Al-Mubayyid, has announced the successful closing of a $500,000
OpenAI is set to produce its first in-house AI chip next year in partnership with U.S. semiconductor giant Broadcom, the Financial Times reported, citing people familiar with the matter. According
Umm Al-Qura University, represented by its Intellectual Property Administration, has obtained a license for the “Intellectual Property Incubator and Accelerator” from the Small and Medium Enterprises General Authority (Monsha’at). This
In a strategic push to cement its regional dominance, UAE-based e-commerce giant Noon is weighing a dual IPO on both the Saudi Exchange (Tadawul) and the Abu Dhabi Securities Exchange
Anthropic has successfully completed a Series F fundraising round of $13 billion led by ICONIQ, bringing the company’s valuation to $183 billion post-money. The round was co-led by Fidelity Management
The Small and Medium Enterprises General Authority (Monsha’at) has launched the second edition of the “Estrdad” initiative, designed to refund government fees for startups and SMEs with a total value
216 Capital has announced a strategic investment in Addvocate.AI, the Franco-Tunisian startup specialised in optimising sales performance with artificial intelligence. Founded in 2024 by Ridha Mami and Sofyan Chekir, Addvocate.AI
The Garage has announced that startups under its incubator and accelerator programs have surpassed a combined valuation of USD 986 million, marking a significant milestone in advancing innovation and entrepreneurship.
WheelsOn, the UAE-based digital car rental platform, announced it has raised USD 12.5 million in a new funding round. The round includes USD 2.2M equity from MENA-focused private investors, including
Morocco-based Justyol, a cross-border e-commerce platform, has raised $1M through a mix of equity investment and inventory financing to strengthen its operations and scale across North Africa. The funding structure
Intella, the market leader in Arabic speech intelligence, today announced it has closed an oversubscribed $12.5M Series A round led by Prosus Ventures, with participation from 500 Global, Wa’ed Ventures,
As part of its strategy to back early-stage startups, Simya VC, launched by 212, has invested $500,000 in reprai, a technology venture set to transform marketing and sales in the
TIME magazine has unveiled its annual TIME100 AI 2025 list, highlighting the world’s most influential innovators, decision-makers, and pioneers in artificial intelligence. This year, the list features three prominent Arab
Google DeepMind has officially announced the release of what it describes as the world’s most powerful image editing model, now fully integrated into the Gemini app. The company has highlighted
Anthropic has announced the launch of a research preview for its new AI browser agent, Claude for Chrome, powered by its proprietary Claude models. According to TechCrunch, the agent is
Myth AI, a company specializing in Generative AI-based solutions for the textile and ready-to-wear industry, has secured funding in its Seed Round, co-led by Revo Capital and Inveo Ventures. This
UK-based Paragraf, a leading private technology company specializing in advanced electronics, has announced securing $35 million in investment from Mubadala Investment Company as part of a $55 million funding round.
Riyadh, Saudi Arabia – Saudi Arabia granted 34 licenses for regional headquarters in Q2 2025, reflecting the Kingdom’s ongoing efforts to position itself as a leading business hub in the
PALM, Egypt’s first incentivized goal-based investment platform, has officially launched following the completion of its pre-seed funding round led by 4DX Ventures, with participation from Plus VC and a group
CICC Capital, the private equity investment arm of China International Capital Corporation (CICC), has announced a strategic partnership with BlueFive Capital, a global investment platform originating from the Gulf Cooperation
UAE-based fintech Maalexi, a B2B platform specialising in agriculture and food trade, has secured a Shariah-compliant credit facility of up to $20 million from Amwal Capital Partners (ACP), a leading
Cointel, an AI-native platform for crypto education and intelligence, has raised $7.4 million USD in a strategic funding round led by Avalanche, the U.S.-based high-performance Layer 1 blockchain, alongside Japan’s
Riyadh, Saudi Arabia — OmniOps, Saudi Arabia’s leading AI infrastructure technology provider, has signed a strategic Memorandum of Understanding (MoU) with Groq, a global innovator in AI semiconductors and inference
Zetta Technologies, a Saudi Arabia–based company specialized in providing hardware solutions, announced the successful closure of its latest funding round worth $12 million, led by Core Vision Investment and National
Perplexity AI, the artificial intelligence startup, has confirmed making an unsolicited $34.5 billion bid to acquire Google’s Chrome browser, surpassing its own market valuation and backed by commitments from several
The Dubai Centre for Artificial Intelligence (DCAI), in collaboration with Dubai Future Accelerators under the Dubai Future Foundation, has opened applications for the second cycle of the “The Future of
Delve, an AI-powered compliance startup, has secured $32 million in a Series A funding round led by Insight Partners, raising its valuation to $300 million. The company has evolved from
Saudi-based technology company T2 has signed an executive agreement with the Central Authority for Control and Inspection in Syria to supply, install, and operate the Ole5 administrative communication system. The
Riyadh, Saudi Arabia — DEEP.SA, a rising AI-focused startup, has successfully raised $1.2 million in a Pre-Seed funding round, with participation from TAM and RAED Ventures. DEEP.SA is dedicated to
DT Cloud, a Turkey-based local cloud platform provider operating under the Digital Transformation Group, has secured a new investment from the Innovative and Advanced Technologies Participation Venture Capital Investment Fund,
SAN DIEGO, CA — June 26, 2025 — Clearspeed, the global leader in voice-based risk assessment technology, has closed a $60 million Series D funding round, bringing its total funding
Luxembourg-based AI-powered SaaS company Tadaweb has secured $20 million in a funding round co-led by Arsenal Growth and Forgepoint Capital International, bringing the company’s total funding to $40 million since
Actual VC, 24SIX9, and AHOY, in partnership with the Municipality of Madinah Region, have launched Madinah Tech, the first municipal accelerator and urban innovation sandbox in the Middle East and
Riyadh, Saudi Arabia – The National Housing Company (NHC) has entered into a contract with South Korea’s NAVER Cloud to operate smart city solutions powered by digital twin technology on
The Department of Finance (DOF) in Dubai has signed a Memorandum of Understanding (MoU) with global cryptocurrency platform Crypto.com, enabling the payment of government service fees using stable digital currencies
Cairo, Egypt – Career 180, a leading edtech platform in the Middle East and Africa, has secured a six-figure investment from Den VC, reinforcing its position in career development and
Oman-based corporate travel platform Darrbak has announced the successful closure of its Pre-Seed funding round, led by the “Future Fund” under the Oman Investment Authority (OIA), with the deal value
Riyadh, Saudi Arabia – Sadq, a leading Saudi company specializing in digital signature solutions and workflow documentation, has successfully closed a Pre-Series A funding round, raising SAR 5.5 million. The
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