Mubadala Bio begins local production of dialysis products

The UAE is taking another step toward securing its medical supply chain, as Mubadala Bio begins producing dialysis solutions locally for the first time, according to state news agency Wam. The move reduces dependence on imported critical healthcare products.

The solutions are being manufactured at Mubadala Bio’s Wellpharma facility in Abu Dhabi and include eight dialysis products for hospital use. Launched by Mubadala Investment Company in 2025, the Mubadala Bio aims to strengthen the UAE’s life sciences sector by expanding pharma manufacturing and improving access to essential treatments. This move supports Abu Dhabi’s broader push to localize healthcare manufacturing.

9YardsX acquires Labib AI

9YardsX expands its technology capabilities through the acquisition of Labib AI as the UAE’s Arabic AI space gains momentum. The firm is strengthening its push to build locally developed AI solutions for businesses and government entities, according to state news agency Wam. The transaction’s financial terms were not disclosed.

About Labib AI: Founded in 2022, Labib AI has built AI technologies across healthcare, smart cities, computer vision, large language models, and enterprise automation. The acquisition will help Labib AI expand its generative AI solutions.

Balyasny secures Abu Dhabi regulatory approval

Another asset manager is putting down deeper roots in Abu Dhabi. Balyasny Asset Management has secured regulatory approval to operate in the emirate, adding to a growing list of investment firms expanding in the UAE, Fn London reports.

Balyasny's Abu Dhabi entity received approval from the Financial Services Regulatory Authority on 30 June. The firm, which manages USD 37 bn in assets, is expected to grow its local team across a range of investment strategies, including equity long/short, commodities, systematic investing, multi-asset arbitrage, fixed income, and macro strategies.

The office is being led by portfolio manager Yash Agarwal, who relocated from London to Abu Dhabi earlier this year after joining Balyasny from ExodusPoint Capital Management. The new license builds on Balyasny's existing presence in the UAE after the firm secured regulatory approval in Dubai in 2023.

Equiti Group launches Bengaluru tech hub

UAE-based fintech firm Equiti Group launched a tech hub in Bengaluru as part of its strategy to accelerate AI-led product development and strengthen its global engineering capabilities, according to a press release.

Why it matters: The launch reinforces the case for a growing UAE-India fintech corridor. While Dubai and the wider GCC continue to serve as preferred regional headquarters for fintech firms, India is increasingly emerging as the engineering backbone — tech firms are placing high-value AI, cloud, cybersecurity, and software functions in India while retaining customer-facing and commercial operations in the Gulf.