The wire

Saudi Arabia-based game development studio Ash Games has raised a $1.5 million Seed round, co-led by Merak Capital and Impact46 through the Merak Gaming Fund, to accelerate its global expansion. Founded in 2022 by Anas Bakhsh, Yaser Alahmadi, and Saud Bakolka, Ash Games develops PC and console action-adventure games inspired by Saudi culture, history, and mythology. Its flagship title, Nomad, is scheduled for release on PC, PlayStation, and Xbox in 2027. The funding will support game development, expand the studio's team, and strengthen its international publishing efforts as the company aims to bring Saudi-inspired gaming experiences to players worldwide.

UAE-based fintech Epic Markets has raised $10 million in a pre-Seed funding round from Karatage, the round's sole investor, to develop a multi-asset brokerage platform for retail investors.

Bundle, a startup rethinking customer incentives, raised USD 5.5 million in a pre-seed funding round. It aims to build what it describes as a networked rewards platform.

Group revenue growth supported by stable gross profit margin of 29%, and adjusted EBITDA of AED 5.0 billion

enDataVolt to secure finance for Saudi AI sites within 6 months

DataVolt, a Saudi-backed investor, developer and operator of renewable-powered AI data centres, expects to secure financing for all its facilities under construction in the kingdom within six months, chief executive Rajit Nanda said. The company is pursuing non-recourse financing, in which lenders are repaid mainly from the cash generated by an individual facility rather than from the overall project.

enSupply, installation, and development of a content management platform, business intelligence, and automation of services in the General Administration of the Mujahideen

The entity: General Administration of Mujahideen — Purchases Department (General Competitions) · Activity: Information Technology · Type of competition: General competition · Reference number: 260839001152 · Last date for submissions: 2026-08-20

enProvision of transport service for SIDF employees through smartphone delivery service applications

SIDF - Tender: Transportation and storage activities; Tender type: Framework agreement; Reference number: 260839000563; Last date for submissions: 2026-08-20

enManaged Services to Support and Operate the General Administration of Information Technology

Entity: Human Resources Development Fund (Hadaf) · Activity: Information Technology · Competition Type: Framework Agreement Tender · Reference Number: 260639004551 · Last date for proposals: 2026-09-04

enManaged Services Project to Support and Operate the National Development Fund Infrastructure

Organization: National Development Fund — Procurement Administration - Headquarters · Activity: Information Technology · Competition Type: Public Tender · Reference Number: 260739007998 · Deadline for Submissions: 2026-09-03

Egyptian construction technology startup Kuadra has secured a funding round led by Edafa Venture Capital to support the launch of what it describes as Egypt's first unified AI-powered platform for managing the entire construction project lifecycle.

Syria-based super app Labby has raised $10 million from UAE and Saudi investors, marking the first direct foreign investment in a Syrian technology startup and accelerating product development, platform expansion, and digital transformation efforts in Syria.

enSupplying and Installing Various Technology and Engineering

The entity: Prince Sultan Center for Defense Studies and Research — Purchases Administration · Activity: Information Technology · Type of competition: Public Tender · Reference number: 260839000040 · Deadline for submissions: 2026-08-20

Egyptian CNC manufacturing startup Simplex has inaugurated its second manufacturing facility in 10th of Ramadan City, spanning 40,000 square metres with investments totalling $50 million, while laying the foundation stone for its third factory. In January 2025, Simplex raised $13 million led by Saudi Arabia's National Industrial Development Centre.

ADNOC will regain more control over its supply chain following the purchase of five VLCCs - despite the escalation of tensions in the Arabian Gulf.

enManaged Services for the Historical Project of the Saudi State (King Abdulaziz Project/Department)

King Abdulaziz Project Purchases — IT activity: General competition, reference number: 260739010909, last date to submit offers: 2026-08-20

enProviding Managed Infrastructure, Electronic Applications, and Beneficiary Services for the Ministry of Transport and Logistics Services

The entity: Ministry of Transport and Logistics Services - General Office — Office of the Ministry - Competitions and Contracts · Activity: Information Technology · Type of competition: Public Tender · Reference number: 260839000756 · Last date for submissions: 2026-09-04

Saudi entertainment activities and events across Saudi Arabia attracted 45.7 million visitors in the first half of 2026, with a 96% satisfaction rate. The General Entertainment Authority (GEA) issued more than 2,500 licenses for entertainment and related activities and conducted over 8,500 inspection visits to ensure regulatory compliance and improve service quality, safety, and efficiency. The GEA also coordinated with 29 government entities to unify procedures as part of Vision 2030 objectives.

enProviding and Installing Civil Defense Safety Systems for Diriyah Municipality

Authority: Riyadh Region Municipality – Diriyah Governorate Municipality • Activity: Security and Safety Activities • Competition Type: Public Tender • Reference Number: 260639008146 • Last Date to Submit Bids: 2026-08-19

mb.io, the digital asset platform from MultiBank Group, has integrated Botim to enable UAE-based users to fund their crypto accounts directly within the mb.io trading app, using Botim’s payment flow to streamline the funding process.

Digital healthcare is gaining traction in Syria, with local startups beginning to modernize how patients access doctors and medical services. Doctorbook secured USD 16 thousand in pre-seed funding from a group of angel investors, valuing the Damascus-based startup at USD...