AI

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.

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.

If tech can’t speak Arabic, it can’t scale

Arabic users are the internet’s fastest-growing audience, yet global tech still designs in English. Startups such as Lucidya, Nanovate and AlTibbi are building the Arabic-first web from the ground up.