Startups (opens original source in a new tab)WamdaSaudi contech Fitting raises $1.1 million seed to fuel expansionSaudi Arabia-based construction technology platform Fitting has raised $1.1 million in its second Seed round, with participation from an undisclosed strategic investor from the contracting and real estate development sector. Founded in 2025 by Mohammed Al-Mubayed and Abdulaziz Almubayad, Fitting develops digital solutions to automate construction supply chains and streamline procurement between suppliers, contractors and real estate developers. The company will use the fresh capital to expand ac (opens original source in a new tab)
Startups (opens original source in a new tab)WamdaSaudi investment platform OORI secures CMA licence for arranging and advisingSaudi Arabia-based private markets investment platform OORI has received a licence from the Capital Market Authority (CMA) to conduct arranging and advising activities and is preparing to commence operations. Founded in 2023 by Elie Nasr and Naif Al Ajmi, OORI provides qualified investors in Saudi Arabia with regulated access to Shariah-compliant private market investment opportunities, initially targeting technology companies from pre-Seed through pre-IPO stages. The company raised a seven-figu (opens original source in a new tab)11 August 2026
Startups (opens original source in a new tab)WamdaBahraini insurtech Soor secures pre-Seed investment from SpringBahrain-based insurtech startup Soor has secured an undisclosed pre-Seed investment from Spring, a venture studio and ecosystem builder backed by London-based Salica and Bahrain's Al Waha Fund of Funds. Founded in 2024 by Mahmood Dhaif and Qasim Albaqali, Soor operates a digital insurance platform that enables users to compare and purchase policies from multiple insurers through a single app. The startup is licensed by the Central Bank of Bahrain (CBB) and aims to simplify insurance purchasing b (opens original source in a new tab)11 August 2026
Startups (opens original source in a new tab)WamdaSaudi game studio Majestic Mind Games raises $1.45 millionSaudi Arabia-based game development studio Majestic Mind Games has raised $1.45 million in a funding round co-led by Merak Capital and Impact46. Founded in 2023 by Lujain Albukhari and Majed Anbar and backed by NEOM, the Jeddah-based studio develops original video games primarily for PC, with selected titles expanding to console and mobile platforms. The fresh funding will support the development of new original titles as the company looks to build games for international markets and expand Saud (opens original source in a new tab)11 August 2026
Startups (opens original source in a new tab)WamdaUMAMI invests $1 million in new AI-powered learning platformEgypt-based edtech company UMAMI E-Learning Solutions has launched LOS (Learning Operating System), backed by a phased investment plan exceeding EGP 50 million ($1 million). Founded in 2019 by Ahmed Seif El-Din, UMAMI develops digital learning and workforce development solutions for governments, educational institutions and enterprises. LOS is designed as an AI-powered learning infrastructure that connects learning, skills, workforce readiness, performance and institutional decision-making withi (opens original source in a new tab)11 August 2026
Industry News (opens original source in a new tab)AGBISports Boulevard sets up $186m fund for Riyadh hotelSaudi Arabia’s state-owned Sports Boulevard Foundation, chaired by Crown Prince Mohammed bin Salman, has launched a SAR697 million ($186 million) fund to build a five-star hotel in Riyadh. The project will be developed at Urban Wadi in partnership with real estate developer Rikaz Properties. The fund will be managed by Al Jazira Capital, Sports Boulevard […] (opens original source in a new tab)Pramod Kumar·11 August 2026
(opens original source in a new tab)CoinDeskBitcoin’s BIP-110 fork is 300 blocks behind BTC and six years from fixing itselfThe breakaway chain has produced two blocks since splitting off on Saturday. Bitcoin has produced more than 300 in the same stretch. (opens original source in a new tab)Shaurya Malwa·11 August 2026
(opens original source in a new tab)YourStoryHow Nexular is helping EV makers track and manage connected vehiclesBengaluru startup Nexular builds hardware, software, and AI tools that help EV makers track, manage, and monetise vehicles after sale. (opens original source in a new tab)11 August 2026
Industry News (opens original source in a new tab)AGBIAirport closure and fuel costs drag on Jazeera Airways profitKuwait’s Jazeera Airways reported weaker first-half 2026 earnings, blaming reduced operating capacity and higher fuel prices. The temporary closure of Kuwait International Airport from February 28 – at the start of the US- Iran conflict – and subsequent operational restrictions disrupted the listed airline’s network and curtailed capacity for much of the period, the budget […] (opens original source in a new tab)Pramod Kumar·11 August 2026
Industry News (opens original source in a new tab)ScienceDaily150-million-year-old dinosaur footprints reveal something strange about its walkA spectacular 150-million-year-old trail of more than 130 footprints captures a giant sauropod making a complete loop before continuing on its way. Its uneven stride hints that the long-necked dinosaur may have been walking with a limp. (opens original source in a new tab)11 August 2026
(opens original source in a new tab)YourStory4 Spiritual non-fiction books to read in August 2026Discover 4 inspiring spiritual non-fiction books to read in August 2026, exploring faith, purpose, dreams, healing, and transformation. (opens original source in a new tab)11 August 2026
Blockchain & Crypto (opens original source in a new tab)Fintech News SingaporeAnthropic Taps Macquarie, GIC for Data Centers as Claude Demand RisesAnthropic has tapped Macquarie Asset Management and GIC to develop data center infrastructure as demand for Claude grows. The partnership will establish Theseus Infrastructure, a new platform that will develop, operate and lease purpose-built data centers to Anthropic under long-term agreements. The partners will initially focus on developing new sites in the United States, with [...] The post Anthropic Taps Macquarie, GIC for Data Centers as Claude Demand Rises appeared first on Fintech Singapo (opens original source in a new tab)Fintech News Singapore·11 August 2026
