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H-1B visa fee hike rattles tech and global markets

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By Mohanad Yakout, Senior Markets Analyst, Scope Markets

The sharp rise in the H-1B visa fee to $100,000 has triggered widespread debate across global markets. For decades, the H-1B visa has been a vital lifeline for U.S. companies seeking to attract top international talent and remain competitive. Now, the higher fee raises questions about the country’s ability to attract skilled professionals in a fiercely competitive global landscape.


H-1B visa fee hike challenges U.S. tech companies

Leading U.S. tech firms such as Amazon, Microsoft, and Google have relied heavily on foreign engineers and developers to fill critical skill gaps. With fees rising to $100,000 per application, hiring costs are set to double. Therefore, companies will likely reassess their strategies, reducing the number of visa applicants or shifting focus to overseas development centers in Asia and Eastern Europe.

These adjustments could slow innovation in areas such as artificial intelligence and cloud computing. Moreover, delays in launching new products may erode competitiveness and pressure stock prices, adding new volatility to already fragile markets.


Global ripple effects of the H-1B visa fee hike

The decision has also shaken global markets. Shares of major Indian IT firms, which rely on sending thousands of employees to the U.S., plunged following the announcement. As a result, companies in emerging markets now face uncertainty about future contracts and workforce mobility.

In parallel, alternative destinations such as Canada and Europe may attract skilled workers deterred by the high U.S. visa cost. These regions already offer more affordable and flexible immigration systems, giving them a competitive edge in attracting talent and enhancing their innovation capacity.


Long-term risks to U.S. innovation leadership

If sustained, the H-1B visa fee hike could fundamentally reshape the global innovation map. The U.S. has long been viewed as the world’s hub for advanced technology. Yet rising barriers to entry risk driving talent elsewhere. Consequently, countries with more balanced immigration frameworks may benefit from an influx of high-level professionals.

Unless new policies are introduced to ease the burden while protecting national interests, the U.S. risks undermining its own competitive edge. Balancing economic needs with regulatory control will be critical to safeguarding its leadership role in technology.


Investor concerns and market outlook

Investors are closely monitoring the fallout from the policy change. In the short term, higher costs may weigh on corporate earnings for U.S. tech firms while adding pressure on global IT service providers. In the medium term, global markets may realign as companies expand their operations in regions with friendlier immigration policies.

Importantly, innovation does not exist in isolation. The global distribution of talent will determine where breakthroughs occur and which countries dominate the next wave of technological development. The fee hike may accelerate that redistribution.


A defining moment for global talent policy

The U.S. government’s decision signals a turning point in how nations compete for talent. For the UAE and other regions positioning themselves as innovation hubs, the policy presents opportunities to attract highly skilled professionals seeking alternatives.

Ultimately, the H-1B visa fee hike is more than an immigration issue; it is a test of how nations balance openness, competitiveness, and regulation in a world where talent flows drive economic power. The outcome will shape not only company strategies but also the future geography of global innovation.

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BOLT EXPANDS INTO THE UAE CAPITAL

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Dubai Taxi Company PJSC (“DTC”), the leading provider of mobility services in Dubai, and its strategic partner Bolt today announced the entry of Bolt’s ride-hailing services in Abu Dhabi, marking a significant step in the partnership’s expansion across the UAE.

The expansion builds on strong e-hailing momentum across the DTC–Bolt strategic partnership. In 2025, DTC reported a 24% year-on-year increase in e-hailing activity across its taxi and limousine segments, supported by continued fleet expansion and growing customer adoption of digital booking channels.

Bolt will initially launch limousine services where customers in Abu Dhabi will be able to access ride-hailing services backed by a huge network of fleet owners, drivers, and vehicles. This will be followed by taxi services in weeks to follow.

Vasilis Hadjiaslanis, General Manager of Bolt UAE, said: “Abu Dhabi is a natural next step for Bolt in the UAE. We have seen exceptional demand for reliable, app-based mobility, and this milestone gives residents and visitors in the capital access to a service that is fast, convenient, and built around their needs. We are proud to be on this journey alongside our partners at DTC, and we look forward to continuing to grow our presence across the UAE.”

That momentum carried into Q1 2026, with e-hailing activity rising a further 9% year-on-year, reflecting the continued resilience of app-based mobility and the long-term growth potential of digital transport services in the UAE.

The expansion also relies on the partnership’s growth in Dubai, where Q1 2026 saw the integration of 1,823 National Taxi vehicles into the Bolt platform. Broadening Bolt’s UAE footprint and strengthens its role in supporting the country’s evolving ecosystem, shaping how residents, visitors, and businesses move across cities.

Driven by this high demand, Bolt expansion into Abu Dhabi reinforces DTC’s commitment to delivering more accessible mobility solutions for residents, visitors, and businesses nationwide, and support the UAE’s wider shift toward smart mobility.

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London Business School Hosts MENA Leaders to Discuss AI, Investment, and the Digital Economy

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London Business School (LBS) hosted its 23rd Annual MENA Conference at its London campus, bringing together policymakers, investors, entrepreneurs, academics, and industry leaders to discuss the forces reshaping the Middle East and North Africa’s economic future.

Over the years, the conference has evolved into one of the region’s most recognised platforms for discussions around innovation, entrepreneurship, investment, and economic transformation. This year’s edition focused heavily on the intersection of technology, capital, sustainability, and policy, reflecting the region’s growing role within the global digital economy.

“This year’s MENA Conference highlights how the region is positioning itself at the intersection of capital, innovation, and global economic transformation,” said Florin Vasvari, Executive Dean of Executive Education, Middle East, at London Business School.

The agenda explored themes including global capital flows, fintech, climate resilience, artificial intelligence, and the financing landscape surrounding the region’s technology ecosystem. Discussions also examined how regional markets are evolving to support stronger startup ecosystems, deeper capital markets, and long-term economic competitiveness.

Artificial intelligence emerged as one of the defining themes of the conference, with speakers discussing how regional organisations can build sustainable AI capabilities through investments in infrastructure, talent, data, and capital. Conversations also explored how fintech is reshaping financial infrastructure and improving access to digital financial services across the region.

Throughout the event, senior executives, policymakers, founders, and investors shared perspectives on the MENA region’s evolving role within global markets, as governments and businesses increasingly position technology and innovation at the centre of long-term economic diversification strategies.

The conference also highlighted London Business School’s growing regional engagement, following the opening of its executive office in Riyadh alongside its longstanding Dubai campus, strengthening its support for leadership development and executive education across the GCC.

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HOLCIM LAUNCHES UAE’S LOWEST-CARBON CEMENT, CRAFTED FROM LOCALLY SOURCED MATERIALS

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Holcim, the leading partner for sustainable construction, has launched its latest ECOPlanet low-carbon cement in the UAE, produced from locally sourced materials and designed to support the country’s drive toward stronger, more self-reliant industrial growth.

The launch reflects the UAE’s continued focus on building a more resilient manufacturing base and minimizing dependence on imported construction inputs. By using materials sourced within the country and produced locally, ECOPlanet helps strengthen in-country value while supporting the construction sector’s transition to lower-carbon building practices.

Holcim’s new product achieves a 30% reduction in carbon footprint compared to traditional cement and offers developers, contractors, architects and engineers a locally made solution that aligns with both sustainability targets and national industrial priorities. ECOPlanet is engineered to deliver reduced carbon emissions without compromising performance, offering the same strength, durability, and consistency required for large-scale infrastructure and commercial developments. Its formulation enables ready-mix producers and contractors to integrate low-carbon solutions into existing construction workflows with ease.

In the UAE, ready-mix concrete producer Conmix is already using ECOPlanet in an active project, demonstrating the material’s real-world applicability and readiness for immediate deployment at scale. This marks an important step in translating low-carbon construction materials from production into on-ground execution.

As the UAE continues to lead regional growth across the built environment, ECOPlanet establishes the new benchmark for high-performance, low-carbon construction, delivering the scalable foundations required for projects ranging from critical infrastructure and industrial hubs to the icons of the future.

“ECOPlanet reflects our commitment to delivering real, measurable progress in sustainable construction. It is made in the UAE, from UAE materials, and designed to help reduce emissions while strengthening the country’s industrial ecosystem.” said Ali Said, CEO of Holcim UAE and Oman. Holcim is showcasing ECOPlanet at Make it in the Emirates 2026, highlighting how material innovation and local production are helping shape the future of construction in the UAE. The presence reflects the company’s broader role in supporting industrial development, while early adoption by partners such as Conmix demonstrates growing momentum for low-carbon building solutions across active projects in the country.

ECOPlanet is part of Holcim’s global portfolio of low-carbon building materials and solutions designed to deliver high performance while supporting the transition to more sustainable construction practices, building progress for people and the planet.

                                                                    

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