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Thunder Code, co-founded by Jouini and Othmani, aims to revolutionize QA with features like natural language test creation and AI-driven CI/CD pipelines, claiming to cut testing time by 90%. Meanwhile, Tunisian startup Kumulus Water has raised $3.5 million to scale its technology that converts air into drinking water, addressing water scarcity sustainably. EIGHTClouds, a UAE-based investment firm, has successfully raised $20 million to expand in the food and beverage and hospitality sectors, focusing on consumer-centric brands in the GCC region.
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.
BEEAH, a UAE-based sustainability and innovation company, is entering the real estate sector to diversify and integrate sustainability into urban projects. With a strong foundation in infrastructure, the company plans to unveil a large-scale development soon, alongside ongoing projects like the BEEAH Headquarters and the Sharjah Creative Quarter. BEEAH also manages waste-to-energy initiatives and healthcare logistics, emphasizing its commitment to sustainability across various sectors.
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.
Oil prices rose as US-China trade talks continued, with Brent crude reaching $67.26 a barrel and West Texas Intermediate at $65.47. The discussions aim to ease trade tensions, potentially boosting fuel demand, while OPEC's output increase and Iran's nuclear negotiations pose risks to global supply.
Huawei's new semiconductor, the Ascend 910C, reportedly achieves 60-80% of NVIDIA's H100 performance at a significantly lower cost, challenging the dominance of U.S. tech giants. Meanwhile, U.S. export controls aim to limit China's access to advanced AI chips, as companies like DeepSeek disrupt the market with competitive, lower-cost alternatives. The ongoing race for AI supremacy highlights the shifting dynamics in global technology, with both U.S. and Chinese firms vying for leadership.
Cairo-based quick commerce startup Rabbit has rapidly established a network of dark stores in Riyadh, aiming to deliver 20 million items by 2026. With local sourcing and AI-driven logistics, Rabbit is adapting to Saudi consumer behaviors, capitalizing on the country's low online grocery penetration and projected market growth. The company's strategy emphasizes hyper-localization and technology investment to differentiate itself in a competitive landscape.
Abdul Latif Jameel and Joby Aviation have signed a Memorandum of Understanding to explore a $1 billion deal for electric aircraft distribution in Saudi Arabia, potentially delivering up to 200 aircraft. This partnership aims to enhance air mobility in the region, building on previous investments by the Jameel family in Joby. Joby’s all-electric aircraft, designed for four passengers and capable of 200 mph, is set to begin operations in Dubai by 2026.
Dhruv Consultancy has successfully secured its first international private sector project in Saudi Arabia. This milestone marks a significant expansion for the firm, highlighting its growing influence in the global market. The project is expected to enhance Dhruv's portfolio and strengthen its international presence.
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.
SAU
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
innovative startups secure funding to tackle water scarcity and enhance quality assurance
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