Author: Arabian Media staff
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Abhimanyu Girotra, chief executive officer of Huru/Image: Supplied Despite the UAE’s reputation for financial sophistication, a large share of its workforce remains on the margins of formal banking. For Abhimanyu Girotra, chief executive officer of Huru, this disconnect represents both a societal challenge and a massive untapped opportunity. “The idea for Huru came from observing a very real gap in the market that affects millions of people across the UAE,” says Girotra. “While the country’s financial ecosystem is highly advanced, a large segment of the workforce remains excluded from everyday banking services.” That segment—made up largely of expatriate workers—is significant.…
Image: Getty Images Mubadala Investment Company, the Abu Dhabi-based global investor, has completed the acquisition of its stake in Loscam International from Sinotrans, following the June 26 announcement of the deal. Following the transaction, Mubadala and Trustar Capital each hold a 30 per cent stake in Loscam, while FountainVest and Sinotrans each retain 20 per cent. The deal marks Mubadala’s first co-control investment in Asia’s industrial sector, underscoring growing confidence among global investors in the region’s evolving supply chain landscape. All closing conditions and regulatory approvals have been met, the companies confirmed. Loscam operates across 13 region in APAC Headquartered…
Images: Hub71 Hub71, Abu Dhabi’s global tech ecosystem, has launched Hub71+ Life Sciences, a new specialist platform aimed at accelerating innovation and commercialisation across biotechnology, medical technology, and digital health. The initiative strengthens Abu Dhabi’s position as a global hub for healthcare and life sciences, offering founders direct access to regulators, hospitals, investors, and industry partners. Announced during Hub71’s annual Impact Event, Hub71+ Life Sciences provides startups a structured entry point into the UAE capital’s expanding medical innovation sector. Founders will be able to leverage Abu Dhabi’s integrated health cluster for clinical validation, regulatory support, and market access, helping translate…
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Singapore’s prime minister has called for immediate action to promote trade liberalisation and protect global common interests as he warned the world to expect a “messy” transition to a post-American order.In an interview at his official residence in the city-state, Lawrence Wong said the world was in the middle of a great transition that could take a decade to play out.“There is no doubt it will be messy and unpredictable because America is stepping back from its role as global insurer but there’s no other country that is able or willing to fill the vacuum,” he said. Singapore, a major beneficiary…
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