Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

The Vibe-Coding Factory

Forbes Middle East - English

|

August 2025

Stockholm-based LOVABLE has become the world's fastest-growing software startup, hitting over $100 million in annualized revenue in just eight months by using Al to enable millions of non-coders to instantly turn their ideas into websites, apps and online side hustles.

- By Iain Martin

The Vibe-Coding Factory

Oskar Munck af Rosenschöld never planned to be in show business. But over a fika (coffee break) in Stockholm, Sweden, a film producer friend pitched him on a startup idea: a marketplace to match films with financiers, helping European moviemakers with the neverending task of raising money.

Often such ideas never escape the talking stage. But just a few months later, FrameSage was live and had booked its first $50,000 in revenue—thanks to a new AI coding tool, Lovable, that Munck af Rosenschöld used to build the company's plumbing in just 10 days.

"You feel like you have the magic key to build software," says Munck af Rosenschöld, whose works as a project manager at a pharma company by day and who had never coded before outside of school. "This has saved us tens of thousands of dollars on developers and around four months' work."

Munck af Rosenschöld isn't the only young founder to have fallen for Lovable, Sweden's new AI unicorn. In June alone, around 750,000 projects—apps, websites, entire businesses—were built, hosted and launched with a handful of descriptive sentences and a few clicks on Lovable. This isn't like the clunky website builders of yesteryear, responsible for zillions of personal sites; nor are they sketches or wireframes that might look cool but aren't functional. Lovable projects, spun up in minutes thanks to generative AI, are actual working products with features ranging from email newsletters to payments via Stripe.

"I was shown Lovable and knew what I was going to do for the coming years," says Malmö, Sweden-based Jaleel Miles, who built his restaurant management startup, Quicktables, in just two months on Lovable. He has booked over $120,000 in sales from the site since May.

FLERE HISTORIER FRA Forbes Middle East - English

Forbes Middle East - English

Forbes Middle East - English

SHIFTING ENERGY

For nearly nine decades, Petroleum Development Oman (PDO) has been at the heart of Oman's economic growth. Today, as the first Omani Managing Director of the 88-year-old company, Aflah Al Hadhrami is steering PDO into a new era, one defined by purpose, people, and sustainability.

time to read

7 mins

September 2025 ENG

Forbes Middle East - English

Forbes Middle East - English

SUSTAINABILITY LEADERS 2025

In the Middle East, sustainability continues to move from commitment to action as governments and companies align with global climate goals and national visions.

time to read

3 mins

September 2025 ENG

Forbes Middle East - English

Forbes Middle East - English

NEXT BILLION-DOLLAR STARTUPS

Artificial intelligence dominates this year's list of 25 venture-backed startups we think most likely to reach a $1 billion valuation.

time to read

10 mins

September 2025 ENG

Forbes Middle East - English

Forbes Middle East - English

Money Grows on Trees, Slowly

If you are a very patient investor, you might want to have Angela Davis' CAMPBELL GLOBAL plant you some Douglas fir.

time to read

4 mins

September 2025 ENG

Forbes Middle East - English

Forbes Middle East - English

TURNING WASTE AROUND

Ali Al Dhaheri, Managing Director and CEO of the Tadweer Group, believes that waste can be a powerful resource. As the company strives to divert waste from landfills and reduce emissions in the U.A.E., he's also hoping to have a global impact.

time to read

7 mins

September 2025 ENG

Forbes Middle East - English

Forbes Middle East - English

Crossing Borders

SIDDEEK AHMED, Chairman and Managing Director of travel management company ITL World, expanded the company into the Middle East nearly 20 years ago, having first set up in India. Lured by the rapidly evolving sector then, today he's seeing even more opportunity, both here and abroad.

time to read

4 mins

September 2025 ENG

Forbes Middle East - English

Forbes Middle East - English

FLYING AHEAD

Earlier this year, flynas became the first ever listed carrier in Saudi Arabia to go public, raising $1.1 billion in its landmark IPO. Managing Director and CEO Bander Almohanna now has his sights set on further route expansion and new destinations.

time to read

7 mins

August 2025

Forbes Middle East - English

Forbes Middle East - English

The Vibe-Coding Factory

Stockholm-based LOVABLE has become the world's fastest-growing software startup, hitting over $100 million in annualized revenue in just eight months by using Al to enable millions of non-coders to instantly turn their ideas into websites, apps and online side hustles.

time to read

6 mins

August 2025

Forbes Middle East - English

Forbes Middle East - English

Navigational Hazards

Even with nepotism, protectionism and infinite” liquefied natural gas, THOMAS CROWLEY JR. shows it ain’t easy being the third generation to run an American shipping company.

time to read

6 mins

August 2025

Forbes Middle East - English

Forbes Middle East - English

REDEFINING LUXURY

Noelle Homsy and Chris Nader built luxury ecolodge brand ENVI Lodges to redefine what it means to travel luxuriously and responsibly in the experiential outdoor hospitality space. Now, as they move towards closing their third funding round, bigger plans are on the horizon.

time to read

6 mins

August 2025

Listen

Translate

Share

-
+

Change font size