Business News

JustAd founder Ahmed Elsayed

JustAd Raises $5M to Expand Into New Markets

UAE-based JustAd has secured $5 million from angel investor Imad Jomaa to expand into new markets. Founded in 2025 by Ahmed Elsayed, the company runs an AI-powered marketing platform for managing, tracking and analyzing ad campaigns. What JustAd does The JustAd platform helps businesses manage advertising across Meta, TikTok, Snap-chat and Google Ads from one

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Saudi AI Startup Echelon Raises Funding from RAED Ventures, Avra and East40

Saudi Arabia-based AI startup Echelon has secured an undisclosed investment round backed by East40, RAED Ventures, Avra and technology investor Ben Horowitz, alongside other investors. Founded in Riyadh in 2025 by Prince Khalid Bin Bader Al Saud, Echelon helps Saudi businesses and government institutions adopt and integrate global AI technologies. The company focuses on eight

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Abu Dhabi Hosts 150+ AI Startups and 200 Investors at Ai Everything 2026

AI Everything Abu Dhabi 2026 brought together more than 150 AI startups, 400 technology companies and over 200 investors managing $100 billion in assets. Held on October 6–7 at ADNEC Centre, the event highlighted Abu Dhabi’s growing role in the global artificial intelligence industry. The event’s startup platform, Ai StartX Everything, showcased AI solutions across

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Startups to get up to $5.5M to set up in Qatar

The Startup Qatar Investment Program, run by Qatar Development Bank (QDB), offers technology startups funding of up to $5.5 million, along with support for setting up and growing their businesses in Qatar. The program has two funding options. START offers up to $1.1 million to early-stage startups that have developed a proof of concept or

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Project Suppliers has raised $1 million

Saudi construction technology startup Project Suppliers has raised $1 million in its first per-seed funding round from undisclosed angel investors. Founded in 2020 by Husam Jaber, the company connects construction buyers and suppliers through sourcing, quotation, tracking and reporting tools. Project Supplier’s database covers more than 12,000 businesses and has processed nearly 600,000 quotation requests.

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HUMAIN & EY are building SaudiArabia’s first AI-native BPO

Saudi Arabia-based HUMAIN has expanded its service agreement with EY to develop and commercialize AI-powered enterprise services for international markets. The partnership combines HUMAIN’s artificial intelligence technology and infrastructure with EY’s industry expertise, functional knowledge and commercialization capabilities. The expanded engagement will support the development of HUMAIN ONE, an integrated agentic AI platform designed to

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Amazon and Ghitha Holding announce strategic collaboration To deliver locally grown produce in minutes with Amazon Now

Amazon and Ghitha Holding PJSC, a subsidiary of 2PointZero Group, have signed a Memorandum of Understanding (MoU) to explore the development of a seasonal fresh produce initiative in the UAE, connecting farming directly to Amazon’s supply chain. Powered by Ghitha Holding’s established agricultural expertise and infrastructure, the initiative will see crop selection guided by customer

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Mubadala and Together AI Partner to Expand in UAE

Moreover, Mubadala Investment Company has partnered with Together AI to explore AI infrastructure opportunities in the UAE. As part of the partnership, Together AI will establish a local presence in Abu Dhabi. This brings its AI computing, research, and inference capabilities closer to developers and businesses across the region. Together AI was founded in 2022

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Fasset Hits $1B Valuation After $68Mln in Series C

Fasset has officially reached unicorn status after securing a $1 billion valuation following a $68 million Series C funding round led by SBI Group. The latest investment brings the financial technology company’s total funding raised in 2026 to $119 million. The new funding will support Fasset’s global expansion, with a particular focus on Own Network,

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