Category Archives: Business & Investments

Business & Investments

UAE Navigates Global Tariff Storm with Oil Stability and Fiscal Strength

Dubai, 16 July 2025- As global markets brace for a new wave of U.S. tariffs and shifting OPEC+ production strategies, the UAE appears firmly grounded, thanks to strategic oil exemptions, fiscal resilience, and a diversified economy.

Razan Hilal

With President Donald Trump reinstating a hardline trade agenda, a series of sweeping tariffs are scheduled to take effect on August 1. These include duties of up to 50% on copper and significant increases on imports from Brazil, Japan, South Korea, and 14 other nations. Analysts fear escalating trade tensions could disrupt global supply chains and stoke inflationary pressure across import-heavy economies.

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Business & Investments, Technologies

Inovat wins FAB forward Fintech Challenge

Inovat wins FAB forward Fintech Challenge , run by First Abu Dhabi Bank and Mastercard

The winner received a cash prize of $100,000, the opportunity to work on a proof of concept with the bank as well as exposure to banking leaders, venture capital and potential investment partners

Abu Dhabi, UAE; 15 July 2025: ‘Inovat’, a digital solution that offers a seamless, fully digital value-added tax (VAT) refund experience for travellers to save them money on shopping abroad, has emerged as the winner of the second edition of the FAB forward Fintech Challenge. This collaborative initiative between Mastercard and First Abu Dhabi Bank (FAB) aims to foster fintech innovation in the UAE.

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Business & Investments

AI is reshaping the work of accountants as automation offers greater opportunities and responsibilities

Accountants can thrive in an artificial intelligence-dominated workplace just as they have done in other tech revolutions

Dubai, UAE; 15 July 2025: AI will reshape the accountancy profession by changing how tasks are completed at all levels. Leading global accountancy body, ACCA (the Association of Chartered Certified Accountants) says that as AI becomes more commonplace, new responsibilities and tasks will emerge for finance teams as they focus on improving controls and specifying the desired information outcomes from machine use.

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Business & Investments

RAKBANK Joins National Bonds’ Fintech Al Manassah Platform

Partnership expands market access and supports the UAE’s vision to lead the global Islamic economy

  • Strategic agreement enables seamless Sukuk issuance, subscription, and redemption via a Shari’a-compliant digital platform
  • Partnership aims to drive financial inclusion, operational efficiency, and customers empowerment across the UAE’s Islamic finance ecosystem

Dubai, United Arab Emirates, 14 July 2025 — In a strategic move to broaden the reach of Al Manassah Sukuk Trading Platform in the UAE, National Bonds, the UAE’s leading Sharia-compliant savings and investment company has onboarded RAKBANK (The National Bank of Ras Al Khaimah) onto Al Manassah Sukuk Trading Platform. This collaboration marks a significant milestone in expanding access to one of the country’s most established Sharia-compliant digital platforms for Sukuk issuance and trading.

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Business & Investments

WaHa Secures $8 Million in Series A-1 Funding to Accelerate Global Growth

  • Funding supports a growing pipeline of opportunities across the UAE and broader GCC
  • WaHa’s atmospheric water generation (AWG) systems deployed in challenging environments including West Texas, Abu Dhabi, a remote UAE desert site, Riyadh, and Stockholm have achieved 99.998% mechanical reliability and produced 98.3% of target water volume—the highest sustained output in the industry
  • WaHa’s field trials at Khalifa University have proven its unique ability to harvest pure water reliably in the UAE’s harsh desert environment of extreme heat, low moisture, and frequent sandstorms.

Fremont, CA/Abu Dhabi, United Arab Emirates, Wednesday July 11, 2025:

Water Harvesting Inc. (WaHa) today announced the close of an $8 million Series A-1 financing and corporate reorganization. The round was led by Chairman Mike Phillips and Board member Christian Thirion, with participation from the company’s largest noteholders and investors including Berkeley Catalyst Fund, Anthropocene Institute, Vestafund, and Mitsui Mining & Smelting Co., Ltd.

Frank Ramirez-CEO

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