Banking, fintech, funds, capital markets and cross-border investment
Entrepreneurs from Italy, Tunisia, and Sri Lanka have relocated projects to the UAE to scale and access international markets. Innovations spanning AI prosthetics, smart footwear, and digital finance were showcased at Ajman Chamber's inaugural Thara Connect forum. Founders cited the country's business climate, talent availability, and digital infrastructure as key drivers.
The Oman Investment Authority and China's Silk Road Fund have signed a preliminary term sheet to establish an $800 million joint investment fund. The initiative is part of a 23-agreement bilateral package signed during a state visit to Beijing. Other deals involve China Merchants Bank, IDG Capital, JD.com, Huawei, and industrial projects across logistics, artificial intelligence, and energy.
Dubai-based Robo.ai Inc. reported revenue exceeding $280 million for June through September 2026 and issued a full-year revenue outlook of approximately $600 million. In a letter to shareholders, Chief Executive Officer Benjamin Zhai outlined key operational targets, upcoming tech showcases, and manufacturing expansion in Umm Al Quwain. The company also paused new variable-price equity financing and began split-adjusted trading on Nasdaq.
UAE project investment in Oman reached approximately OMR 255 million ($663 million) in the second quarter of 2026, rebounding sharply from a decline in the prior quarter according to official Omani data. The surge comes as regional geopolitical tensions and the closure of the Strait of Hormuz prompt Gulf states to increase trade and transit connectivity with Oman. Bilateral trade also accelerated, with Omani exports to the UAE surging nearly 90 percent in the first eight months of the year.
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