Mohammed Al Beloushi, CEO of Barker and Booth Commercial Agency LLC in the United Arab Emirates, announced he will be investing in Israeli fintech startup, Fintica. Beloushi plans to develop Fintica's capabilities and bring it to states within the Gulf Cooperation Council, according to a press release.

Fintica creates AI financial technology solutions, including self-learning technology, to gain more detailed market reports by organizing and categorizing the data available to support asset allocation and decision-making processes.

"Fintica is delighted and honored to embark on this historic partnership with our UAE counterparts, and together to work on expanding our impact in the investment market. Our two nations have begun a new era of cooperation, yet the world's markets remain volatile and turbulent," Philippe Metoudi, CEO of Fintica AI said in the release. "The ability to achieve a deeper understanding of changing market structures and conditions is crucial, and our agreement will help Fintica offer our unique solutions and technologies to investors around the Gulf."