DUBAI INTEGRATED ECONOMIC ZONES AUTHORITY
Why are India's richie rich choosing Dubai to migrate?
A report by Henley & Partners reveals that approximately 4,300 millionaires are expected to leave India this year, with many choosing the UAE as their destination. The UAE's appeal lies in its business opportunities, financial benefits, and high-quality lifestyle, attracting both wealthy individuals and professionals.
Charting the global economy: Fed holds; BOJ leaves yen at risk
Federal Reserve officials expect only one interest-rate cut this year, while the Bank of Japan delays details on bond buying. Far-right parties in Europe influence elections and impact the euro's value.
A beacon of innovation: How Unilever’s Dubai factory became a global ‘Lighthouse’ in manufacturing
Unilever’s Dubai Personal Care Factory (DPC) is in many ways setting the standard in technological innovation and sustainability, positioning itself as a pioneer in shaping the future of manufacturing.
Indian delegation holds talks with key entities in UAE on IMEEC
Indian delegation visits UAE to discuss the India-Middle East-Europe Economic Corridor (IMEEC) within 3 months of signing the Framework Agreement. Both sides prioritize cooperation and empowerment for the strategic project aiming at efficient supply routes, cost reduction, job creation, and reducing greenhouse gas emissions.
F&O Ban List: SAIL only stock under trade ban on Wednesday; Biocon, Zee and one other stock exit
The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
RVNL shares climb 7% on signing MoU with Airports Authority of India
"RVNL has signed MoU with Airports Authority of India (AAI) for construction of subway/underpass to connect the operational area to the Airport Authority of India residential colony in Kolkata," the company said in an exchange filing.
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Dubai’s Golden Visas are helping the city defy global office slump
Dubai's economy is thriving as it attracts expatriates, expands business licenses, and experiences high demand for commercial real estate. From crypto investors to rich Indians looking for second homes, as well as young job seekers, the city's reforms and flexible residency rules have made it a desirable destination for individuals and businesses, leading to population growth and increased investment.
Welspun One to invest Rs 700 crore to develop 1.2-million-sq-ft logistic hub in Navi Mumbai
This marks the second deployment from Welspun Ones’ latest alternative investment fund that has a total corpus of Rs 2,000 crore. This project will be financed through a mix of debt and equity.
Egypt is ready to be India’s gateway to Europe, Africa & W Asia: Hossam Heiba, CEO, GAFI
Egypt is located at the crossroads of Africa, Asia, and Europe. This gives it a strategic location for trade and investment. The Suez Canal, which is one of the world's busiest shipping routes, is located in Egypt. This provides foreign investors with access to a large market of consumers and businesses in the MENA region, Europe, and Asia, let alone its central time zone which makes it accessible to all countries, said Hossam Heiba, CEO, GAFI.
Dubai and the UAE: A global wealth nexus
Dubai and the UAE are flourishing global wealth magnets, offering tax benefits, a thriving business environment, and strategic allure for HNWIs and businesses pursuing prosperity.
Sandboxing, catalytic capital and talent hub: Dubai’s innovative approach to economic growth
Dubai's regulatory-led tech growth, catalytic and patient funding, and policies to attract talent are spurring growth in crucial sectors of the Emirate
Dubai launches $136 million VC fund to finance tech startups
The Dubai Integrated Economic Zones Authority (DIEZ) on Friday launched a venture capital (VC) fund worth $136 million designed to finance technology startups.
View: GoI must set up an empowered authority reporting to PMO to oversee India’s energy transition
Industry needs a policy glide path, which GoI alone can lay out. While policy support is robust in certain sectors, The absence of a holistic approach leaves vital questions hanging: what recourse exists if competitiveness suffers? Life cycle costs of new assets are not recovered? What if corporate profits are dented?
Octoberfest: Most macro indicators enter party zone
Economists say most indicators remain elevated but there are signs of growth slowing. "India's manufacturing sector generated substantial growth in October, despite a challenging global economic environment," said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence.
As the UAE's foreign investment soars, Dubai reigns as India’s prime destination for FDI
Decoding the factors that make Dubai India’s foremost choice for FDI and tracking the growing significance of India-UAE trade ties
With crypto companies like Binance FZE receiving an operational MVP, Dubai is poised to become a global crypto hub
Dubai is working to build a presence as an international crypto hub, competing with the likes of London, New York, and Singapore
Reporter’s diary: Why the Gulf port of Jebel Ali plays a crucial role in India’s trade
In the heart of the desert, Jebel Ali Port stands as a trade bridge between the East and West. For Indian traders, it is a beacon of hope and progress.
DP World to invest over Rs 600 cr in Free Trade Zones in India
DP World, a Dubai-based logistics company, plans to invest over Rs 600 crore to expand its free trade zones (FTZ) in India. The company is looking to collaborate with major electronics and tech companies to export and import from its facilities as these companies seek to enhance their manufacturing presence in India. DP World already operates free trade zones in Chennai and Mumbai, and plans to invest in three new zones in Mumbai, Chennai, and Kochi. The FTZs offer a global trading platform that handles imports, exports, and re-exports.
'Eye' on GIFT City: 158-meter Ferris wheel to come up as part of social infra zone
Gujarat International Finance Tec-City Company Ltd (GIFTCL) is looking to develop social infrastructure, including an entertainment and retail zone along with a large Ferris wheel called GIFT Eye, in GIFT City. The development will cover a minimum of 1.5 million square feet and will be located adjacent to the riverfront. GIFTCL has invited bids for the project.
$50.5 bn and growing: The India-UAE CEPA is pushing up trade and strengthening supply chains
The United Arab Emirates’ Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, says a comprehensive economic partnership with India has boosted trade and employment opportunities.
Navigating the future of fintech: Exploring the buy now pay later
Rapid growth in the UAE and India is attributed to digitization, ecommerce expansion, and appeal to the younger generation.
Cleantech startups in Dubai: Pioneering a sustainable future
Dive into Dubai's cleantech startups, discover cutting-edge solutions, and learn about their crucial role in building a sustainable future.
UAE creates federal authority for 'commercial gaming' as casino giants flock to Gulf Arab nation
The United Arab Emirates (UAE) has established a federal authority, the General Commercial Gaming Regulatory Authority, indicating that it may be moving towards allowing gambling in the country. The authority will oversee a potential national lottery and commercial gaming operations. Kevin Mullally, former executive director of the Missouri Gaming Commission, has been appointed as CEO.
Dubai gets AI-powered smart pedestrian crossing system. How it works
Dubai Silicon Oasis (DSO) has implemented 14 smart pedestrian crossing systems in partnership with Derq. The AI algorithms can detect and track vehicles approaching the crosswalk, while behavior prediction models allow the technology to activate warning signs and even traffic signal controllers, preempting any potential conflicts.
Private companies seek sops to build Great Nicobar port
Great Nicobar port project is significant for the country as nearly 75% of India's transshipped cargo is handled at ports outside India. According to official estimates, Indian ports can save $200-220 million each year on transshipment cargo if the Galathea projects comes about.
TRAI suggests steps to ease doing business in telecom sector
In a recommendation document released Tuesday, the Telecom Regulatory Authority of India (TRAI) also made recommendations to change the name of the frequency licensing process under the Wireless Planning Commission (WPC) to frequency assignment and reduce the approvals required to start services.
Russia and India face similar challenges in public safety: NtechLab
We’re happy to have pioneered the Russian-Indian cooperation in artificial intelligence and to have completed our first projects before all the others came here. Other companies will now find it increasingly difficult to break into the market, said NtechLab Communications Director Alexander Tomas.
Water-stressed Karnataka proposes penalty for unnecessary use of water, restricting groundwater extraction
However, the policy promises measures to tackle the challenges ahead by proposing measures such as penalties for unwise use of water, restricting groundwater extraction, among others, as it aims to provide directions for strengthening water resources management and to optimise the use of the state's limited water resources, officials from the Water Resources Department said.
JNPA expects Rs 8,000-10,000 crore investment in its multi-product SEZ project
The Special Economic Zone (SEZ), the country's first port-based and port-led facility, has been operational since July last year.
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