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Tunisia-based AI startup Thunder Code has raised $9 million in seed funding to enhance its AI-native software testing platform, enabling non-technical users to automate testing and improve QA efficiency by 90%. Founded by Karim Jouini and Jihed Othmani, the platform features advanced capabilities like natural language test creation and self-healing scripts, aiming to redefine quality assurance standards globally.
Leading solar photovoltaic (PV) manufacturers are set to expand production in the Middle East, with Egypt, Oman, Saudi Arabia, Qatar, and the UAE identified as key locations. This shift aims to diversify operations beyond Asia, as companies face pressure from declining module prices while investing in advanced technologies. The industry's future growth will hinge on geographic flexibility, technological advancements, and strategic responses to changing trade policies.
HR tech startup Nova has raised USD 3.65 million to enhance its AI-powered professional network, with backing from CDP Venture Capital and Doha Tech Angels. Founded in 2020, Nova aims to expand internationally, improve its technology, and develop its LinkedIn-alternative SaaS tool, Nova Recruiter. CEO Andrea Marino highlighted the opportunity in the Middle East's talent market and the need for platforms that address recruiting inefficiencies.
Saudi Arabia's economy grew by 3.4% year-on-year in Q1 2025, driven by a 4.9% increase in the non-oil sector, while oil activities contracted by 0.5%. Key sectors like wholesale and retail trade, transport, and finance showed strong performance, reflecting ongoing economic diversification under Vision 2030. The trade balance improved with exports rising 12.3% and imports falling 10%, highlighting the Kingdom's efforts to reduce reliance on oil revenues.
The global Islamic finance industry grew by 14.9% in 2024, reaching US$3.88 trillion in total assets, with significant contributions from Islamic banking, sukuk, and takaful. The sector is expanding into non-traditional markets, driven by fintech innovations and a positive outlook for growth, particularly in emerging economies. Projections indicate the Islamic fintech sector will exceed US$300 billion by 2027, with strong growth anticipated in sukuk and Islamic banking.
Qatar Islamic Bank (QIB) has partnered with Visa to enhance cross-border B2B payments by integrating the Visa B2B Connect platform, allowing corporate clients to securely transfer funds to 120 countries. This initiative aims to improve the efficiency, reliability, and security of international transactions, supporting QIB's strategy to strengthen payment corridors and provide cost-effective services. As the first Islamic bank in Qatar to adopt this platform, QIB is set to enhance its digital payment capabilities and contribute to the broader economic landscape.
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Newborn Town Inc. has launched its global headquarters at Hong Kong Science Park, marking a significant step in its expansion strategy. The company, which has seen remarkable growth in the MENA region, attributes its success to targeted market focus and innovative AI solutions that have driven substantial revenue increases. Despite strong financial performance, Newborn Town's market valuation remains low, suggesting a disconnect between its achievements and investor perceptions.
Qatar will host the inaugural Middle Eastern edition of the Mobile World Congress, MWC25 Doha, on November 25–26, 2025, at the Doha Exhibition and Convention Center. Organized in collaboration with the GSMA and Qatar’s Ministry of Communications, the event aims to enhance digital collaboration and showcase innovations in AI, 5G, and smart mobility, aligning with Qatar’s Digital Agenda 2030. Prime Minister H.E. Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani highlighted its strategic importance for fostering international partnerships and advancing the region's technology ecosystem.
UAE’s EIGHTClouds has secured $20M to enhance its F&B and hospitality sectors, reflecting the Arab world's rise as a startup hub amid global uncertainties. The UAE leads globally in entrepreneurship for the fourth year, supported by reforms and a projected 4.7% GDP growth in 2025. Other Arab nations, including Saudi Arabia and Bahrain, are also making significant strides in fostering entrepreneurial ecosystems.
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tunisian ai startup thunder code secures 9 million to transform software testing
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Karim Jouini
Jihed Othmani
Iheb Triki
Mohamed Ali Abid
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Mark Aitchison
Oliver Wallace
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20:11 10.06.2025
global solar manufacturers expand production in middle east markets
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nova secures 3.65 million funding to expand ai-powered professional network
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CDP Venture Capital SGR S.p.A.
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Andrea Marino
Lars-Henrik Friis Molin
09:38 10.06.2025
Saudi Arabia's economy grows 3.4 percent driven by non-oil sector expansion
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global islamic finance assets reach 3.9 trillion with strong growth in 2024
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