Overview:
Halal Ventures, the institutional venture capital platform based in Sharjah, has invested USD 60 million in Oyster Therapeutics, a United Kingdom pharmaceutical company formerly known as Kismaalia Therapeutics. The investment funds development of protein-degradation therapies targeting neurodegenerative diseases linked to tau protein, including Alzheimer's disease. The capital will support clinical advancement of Oyster's lead oral therapy designed to cross the blood-brain barrier.
Details:
Oyster Therapeutics develops next-generation treatments using targeted protein degradation technology, with initial focus on tau-related neurodegenerative conditions. The Series A funding will accelerate the company's lead therapeutic program toward clinical development and expand its pipeline. The investment reflects growing interest in breakthrough therapeutics addressing age-related neurological disorders.
Concurrently, UAE-based companies expanded presence in maritime safety, industrial gases, and digital assets. AIQ announced a strategic cooperation agreement with Quartermaster, a U.S. marine analytics firm, to develop artificial intelligence solutions for maritime safety and energy operations in offshore zones. The partnership was formalized during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2026), where AIQ served as artificial intelligence partner.
In financial services, Titan Wealth launched Titan Private Clients, a coordination service for wealth management of internationally dispersed families operating through the Dubai International Financial Centre. The offering targets the growing number of families in the UAE and region managing assets and financial structures across multiple jurisdictions.
Outlook:
Investors are monitoring biotech capital flows into early-stage protein-degradation therapies, particularly those targeting Alzheimer's disease pathways. Market participants are tracking AIQ's expansion into North American energy sectors and the broader adoption of artificial intelligence-driven maritime safety infrastructure across offshore operations.