Saudi Loyalty startup Bonat Raises $6M, Eyes GCC Expansion
Saudi-based customer engagement SaaS company Bonat has raised $6 million in Series A funding, highlighting the growing investor appetite for homegrown enterprise software in the Kingdom.
Saudi fintech Stream raises $4M to power MENA fintech growth
Saudi fintech Stream, founded in 2024 by Ibrahim Aldlaigan, raised $4 million in seed funding led by Outliers VC with participation from BYLD Ventures and Careem co-founder Abdullah Elyas, to expand its automated billing and payments platform across the MENA region.
Hub71 and ADIB launch the UAE Cybersecurity Innovation Challenge in Abu Dhabi
ADIB, Hub71, and DIFC launch the UAE Cybersecurity Innovation Challenge in Abu Dhabi, inviting startups to secure AI-driven finance.
Global Health Exhibition 2025 wraps up in Riyadh with a $33B leap toward digital healthcare
Saudi Arabia closed the Global Health Exhibition 2025 in Riyadh with $33 billion in digital health investments and major tech collaborations from stc, Mobily, and global firms like GE, Philips, Siemens, Microsoft, and AWS. The Kingdom’s healthcare transformation is connected, data-driven, and already online.
FII Institute launches “Blueprint for Healthy Humanity”
FII Institute launches the Blueprint for Healthy Humanity to promote prevention, screening, and equitable healthcare worldwide amid rising chronic diseases.
Cybersecurity’s biggest names head to Riyadh for Black Hat MEA 2025
Black Hat MEA 2025 runs from December 2 to 4 in Riyadh, drawing 45,000 cybersecurity experts and 450 exhibitors. As global cybercrime losses near $10.5 trillion, the event tackles AI-driven threats, cloud security, and the future of digital defense.
Aramco strengthens digital portfolio with HUMAIN investment, combining AI efforts with PIF
Saudi Aramco signs agreement with PIF to acquire a significant minority stake in HUMAIN, consolidating Saudi Arabia’s AI capabilities to advance Vision 2030 and position the Kingdom as a global hub for artificial intelligence and digital innovation.
Saudi Arabia positions itself as global hub for AI and data innovation
Saudi Arabia’s Future Investment Initiative 9 highlights over US$250 billion in deals and major AI infrastructure partnerships, including HUMAIN–AirTrunk and Qualcomm collaborations, reinforcing the Kingdom’s Vision 2030 goal to become a global hub for artificial intelligence, data, and digital transformation.
Saudi Arabia’s HUMAIN and Blackstone’s AirTrunk form US$3 B data-centre alliance
HUMAIN, the AI company owned by Saudi Arabia’s PIF, and AirTrunk, backed by Blackstone and CPP Investments, have entered a strategic US$3 billion partnership to develop a hyperscale data-centre campus in the Kingdom of Saudi Arabia, marking AirTrunk’s entry into the Middle East and supporting the country’s AI-driven economy ambitions.
KarmSolar to invest USD 110M in Egypt’s renewable energy
In a significant push into the North-African renewable-energy landscape, Egyptian solar pioneer KarmSolar has committed to invest approximately USD 110 million over the next...