Saudi Arabia’s state-backed AI company HUMAIN has gained one of the world’s largest energy companies as a strategic shareholder, with Aramco committing approximately $2.6 billion in cash alongside AI and computing assets to accelerate its expansion. Saudi Aramco has completed a transaction to acquire a 49% stake in HUMAIN, the artificial intelligence company launched by Saudi Arabia’s Public Investment Fund (PIF). Announced on November 1, 2026, the deal gives Aramco a significant minority position, while PIF retains its controlling 51% ownership. The transaction includes approximately SAR 9.9 billion ($2.6 billion) in cash contributions from Aramco during 2026, in addition to AI, computing and digital assets. Both shareholders will also contribute technology capabilities and talent to support HUMAIN’s expansion. The agreement brings together two of Saudi Arabia’s most influential institutions behind a company aiming to build an integrated artificial intelligence ecosystem, from the infrastructure required to power AI systems to the models and applications used by businesses and governments. From a PIF Initiative to a National AI Ambition HUMAIN was launched…

The healthtech company will use the investment to accelerate its AI for Sovereign Health programme, scale healthcare technologies and services, and expand into international markets. Morocco-based healthtech company ABA Life has signed a $40 million investment agreement with pan-African private equity firm Admaius Capital Partners, marking a significant milestone in its growth and international expansion plans. The transaction remains subject to customary closing conditions and approval from Morocco’s Competition Council. Founded in 2021, ABA Life is the healthcare arm of ABA Technology, founded and chaired by Mohamed Benouda. The company develops and operates healthcare solutions that combine artificial intelligence, medical technology, telemedicine, connected healthcare infrastructure and clinical services. The investment is expected to support ABA Life’s ambition to build an internationally recognised healthtech business from Morocco. Building an Integrated Healthcare Model In just five years, ABA Life has developed an integrated and profitable business model that brings together healthcare technology and operational services. The company has delivered large-scale healthcare programmes in partnership with public institutions and foundations, using technology to…

For Muhammad Danish Ghaffar, the idea behind DigiLawyer did not begin in a technology lab or a meeting with investors. It began much closer to home, watching his father spend long hours practising law. For three decades, his father had worked through towering files, lengthy law reports and court judgments, often searching for a single legal precedent that could make a difference to a case. Years later, those familiar scenes would help inspire a startup trying to change how lawyers across Pakistan research the law. But the story behind these numbers is not simply about introducing artificial intelligence to a traditional profession. It is about understanding a problem that lawyers have faced for years, earning the trust of a cautious market and learning that even useful technology must prove its value before people are willing to pay for it. From a Family Conversation to a Different Business Danish was not initially planning to build a legal technology company. While studying computer science at UET Lahore, he and his team were…

Egyptian logistics startup Turuq Innovations has secured seed investment from venture capital firm Den VC to expand its technology infrastructure and fulfilment operations, as it looks to help e-commerce businesses manage deliveries without building their own logistics networks. Founded in February 2023 by Ahmed Atta and Karim Kamal, Turuq provides an integrated logistics platform that brings warehousing, inventory management, order processing, packaging and last-mile delivery under one system. The company serves online merchants across Egypt, helping them manage the operational side of selling and delivering products. The financial terms of the investment have not been disclosed. According to reporting by EnterpriseAM, the round represents Turuq’s first external investment, with the company planning to use the capital to strengthen its internal systems, expand its team and prepare its operations for higher order volumes. Turuq’s approach addresses a challenge facing many e-commerce businesses: managing fulfillment and delivery can become increasingly complicated as order volumes grow. Merchants may need to coordinate storage, inventory, packaging, courier services and customer updates across different providers. Turuq…

A home improvement project should not take weeks of unanswered calls, failed promises and unexpected costs. Yet for many homeowners, finding someone reliable to fix a door, repair a leak or renovate a room can become a frustrating experience. Yunus Kazan, founder of Helperow, knows this problem firsthand. What began as a small project in his own home eventually led him to build a technology platform designed to change how people find, hire and work with home service professionals. The idea emerged when Kazan and his wife wanted to add a door to their hallway to create a private guest area. They tried several apps, spent a week calling contractors and eventually hired a carpenter through a Home Depot service provider. The carpenter collected half the payment upfront, began the work and never returned. After more failed attempts to find someone reliable, they finally completed the project through a personal referral. What should have taken a few days stretched to 20 days and cost nearly twice the original budget. For…

Most businesses have plenty of data. They can track sales, monitor operations and review reports to understand what went right or wrong. The harder question is whether that information can help them see a problem coming and do something about it before it affects the business. Ahmad Hijazi, co-founder of Lensiq, believes this is where the next major shift in business technology will happen. Lensiq is developing a predictive intelligence platform that combines historical data with real-time information to help companies anticipate outcomes and make better decisions. Its first area of focus is logistics, where delivery delays, route disruptions and changing operating conditions can quickly increase costs. The company is still at an early stage, with active pilots and plans to turn its technology into a commercial product, but its ambition is much larger than building another analytics tool. Hijazi’s interest in this problem comes from years of experience across different businesses, including e-commerce, advertising, technology and finance. Along the way, he has seen promising ventures struggle, lost control of…

Saudi Arabia-based proptech startup Ghanem has raised an additional $1.5 million in a pre-seed extension, bringing its total funding for the round to $8.6 million. The extension attracted real estate companies and strategic angel investors, adding to the company’s earlier $7.1 million financing, which included participation from Al-Romaih Group. Waad VC has also invested in the company. Founded in 2025 by Saleh Waheed Al-Ghamdi and Amr Essam, Ghanem operates a digital platform that enables individuals and institutions to invest in income-generating real estate through fractional ownership. Investments start at SAR 1,000, depending on the opportunity, allowing participants to own a share of a property without purchasing the entire asset. The latest funding comes as Ghanem develops its platform, expands its investment opportunities and builds partnerships to support its growth in Saudi Arabia’s real estate market. Building a Digital Route to Property Ownership Ghanem aims to make real estate investment more accessible by allowing investors to acquire fractional ownership stakes in income-generating properties through its app. The model gives participants exposure…

Egyptian enterprise AI startup Tactful AI has brought former e& Group CEO Hatem Dowidar onto its investor roster through an investment in the extension of its pre-Series A round, as the company prepares to introduce its next generation of agentic AI technology. The investment amount has not been disclosed. It follows Tactful AI’s initial pre-Series A round, announced in February 2026 and co-led by Foras AI and M Empire. The company is now preparing for a planned Series A funding round in 2027. Founded in 2016 by Mohamed Elmasry and Mohamed Hassan, Tactful AI develops technology that helps enterprises manage customer interactions, automate service workflows and analyse conversations across multiple channels. Moving Beyond AI-Powered Customer Support Many businesses have introduced AI tools to answer customer questions and handle routine requests. Tactful AI is targeting a broader opportunity by developing systems that can manage and adapt the workflows behind customer experience operations. Its platform combines customer engagement, workflow orchestration, automation, analytics and governance within a unified infrastructure. The objective is to…