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Saudi Arabia's $40B AI Sovereign Fund eyes global tech acquisitions Tabby raises $200M Series D at $1.5B valuation PIF-backed NEOM reports first commercial revenue OpenAI expands Gulf operations with new Riyadh office STC Pay gets full digital banking licence from SAMA Aramco Ventures closes $1.5B fund targeting clean energy Saudi Arabia's $40B AI Sovereign Fund eyes global tech acquisitions Tabby raises $200M Series D at $1.5B valuation PIF-backed NEOM reports first commercial revenue OpenAI expands Gulf operations with new Riyadh office STC Pay gets full digital banking licence from SAMA Aramco Ventures closes $1.5B fund targeting clean energy
Saudi Arabia Exclusive · 6 min read

Saudi Arabia's $40 billion AI Sovereign Fund eyes global tech acquisitions

The Kingdom is moving from passive investor to architect of the global AI stack. Insiders describe a list of targeted bets across model labs, fabs and energy infrastructure — and an aggressive timeline.

Markets
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VISION 2030

Economy

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Economy FEATURE

GCC venture capital deployment up 34% year-over-year, driven by Saudi mega-rounds

Deal velocity is accelerating across the region as sovereign LPs lean in. A breakdown of where the new capital is going — and what it means for valuations.

KM
Khalid Mansour
10 June 2026 · 8 min read
Economy ANALYSIS

Saudi Vision 2030 attracts record foreign direct investment

Global capital inflows hit historic highs as regulatory reforms, special economic zones, and mega-projects draw international multi-nationals.

AA
Ahmed Al-Rashid
09 June 2026 · 6 min read
GROWTH CAPITAL

Startups & Venture Capital

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Startups

Tabby raises $200M Series D at $1.5B valuation

Priya Nair · 10 June 2026
Venture Capital

UAE startup ecosystem hits all-time high with 847 active deals

Khalid Mansour · 09 June 2026
Venture Capital

Careem Ventures backs 12 new MENA startups this quarter

Omar Abdullah · 08 June 2026
AI

OpenAI expands Gulf operations with new Riyadh office

Sarah Mitchell · 08 June 2026
SAUDI FOCUS

Saudi Arabia

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Saudi Arabia COVER STORY

PIF-backed NEOM reports first commercial revenue as The Line opens its doors

A milestone moment for the world's most ambitious greenfield development. We break down the numbers, the timelines, and what investors should actually pay attention to.

SM
The Oasis Report

Editor's Picks

Six stories our newsroom thinks you shouldn't miss this week
MARKET WATCH

Business & Finance

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Business

S&P 500 and NASDAQ fall as tech stocks resume selling

Earnings reset week brings a renewed wave of risk-off positioning across megacap tech.

Khalid Mansour · 10 June 2026
Business

India's gold tariff hike accelerates smuggling routes through the Gulf

DXB and BAH bullion desks are quietly preparing for a structural change in flows.

Priya Nair · 09 June 2026
Fintech

Dubai Fintech Summit sets new attendance record

More than 9,000 delegates and 270 funds in the building — and Saudi delegations dominated.

Omar Abdullah · 09 June 2026
Energy

Aramco Ventures closes $1.5B fund targeting clean energy startups

A clear pivot from the world's most profitable company toward the next-decade energy stack.

Ahmed Al-Rashid · 08 June 2026
The Morning Dispatch

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