The traditionally close and friendly India-United Arab Emirates relations have evolved into a significant partnership in the economic and commercial spheres, as recently, the relations between the two countries have witnessed unprecedented improvement, with leaders from both sides visiting each oth
According to annual Economic Freedom of the World report published by the Fraser Institute, Hong Kong has topped the list of the world’s most free economies this year. Next top four regions that have marked their positions in the rankings are Singapore, New Zealand, Switzerland, and Canada. Americ
Narendra Modi can be banked upon one thing for sure – changing India for the better! He is one Indian leader who has been working to change things domestically and internationally for India without any fear. He has been consistently bold and revolutionary in cleansing and purifying the system. He
India has been designated as the world’s fastest growing economy with the World Bank’s projection of its growth rate at 7.3% for the year 2018.
The World Bank is an international financial institution that provides loans to countries of the world for capital projects. The Global Economic Prospe
Reported in June 2018, a sell-off of Chinese stocks due to the trade war between the two biggest economies of the world has resulted in lowering Asian equities to a 4-month low. United States President Donald Trump has further threatened new tariffs on Chinese goods. A 10 per cent imposition on $200
India is now the 6th wealthiest country in the world with fortunes raised massively from the year 2016 to an astounding $8,230 Billion in 2017.
It has been rated as the best performing market globally.
New World Wealth is a global wealth intelligence and market company that specializes in rat
State Bank of India (SBI) Managing Director B. Sriram will serve as the CEO of IDBI Bank for tenure of 3 months following a special order by the GOI.
The appointment was passed on through an official order and is the first lateral shift of senior management in decades. The vacancy for the top pos
The 11th meeting of the G20 Group which accounts for the 85 percent of the world’s economy, 80 percent of global trade, and two-thirds of the world’s population was concluded in Hangzhou, China on 4–5 September, 2016. The Summit was aimed to bring profound measures for giving a new direction t
India and the United States have recently signed a significant logistics defence agreement that will empower militaries of both the countries to utilize each others’ assets and bases to repair and replenish the supplies for making joint operations more efficient. Indian Defense Minister Manohar P
OYO rooms, more commonly known as OYO, have extended its presence in the Chinese economy.
This expansion is the third overseas expansion after Malaysia and Nepal for the Gurugram-based startup.
OYO is an Indian hospitality service and budget hotel network, founded by Ritesh Agarwal in 2013 and is
Expanding the aerial reach of the continent, East African countries are all making headway in the airlines industry. While Uganda is all set to reintroduce its national airline, carriers in Tanzania and Rwanda are also amplifying their presence. Kenya is also expected to raise its capital in Kenya A
Majid Al Futtaim, the leading retail and Hospitality Company of The Middle East and North Africa, announced an investment increase of Dh30 billion over the next ten years in the UAE. Apart from strengthening the economic state of the Emirate, this investment will also boost up the retail sector of t
In Dubai’s biggest bank – Emirates NBD has announced to invest AED500 million ($136 million) for the digital innovation and multi-channel transformation of its processes, products and services. The investment will take place over a span of next three years to support UAE’s ‘Smart City’ vis
In a successful attempt to establish peaceful and improve trade relations between India and Morocco, a chamber of commerce was launched in Rabat, capital of Morocco on 31st May 2016. The India–Morocco Chamber of Commerce and Industry (IMCCI) was introduced by Vice President of India Hamid Ansari a
Afghanistan has won formal approval to join the World Trade Organisation in a move the U.S.-backed government hopes will help lift its war-shattered economy and create jobs in one
of the world’s poorest countries. Afghanistan has till June 30 to ratify the agreement, the final step before becomin
With the historic agreement made between Iran and the P5+1 countries in Vienna on 14 July 2015, Iran will hopefully transform into a peaceful State to live in, and the rest of the world will breathe easy without the nuclear power threat from Iran. This pact officially brings the end of the economic
With a promise of million dollar investment in India, United Arab Emirates, the business capital of the world is all set to plant its investment seeds in one of the fastest growing economies of the world
Indian Prime Minister, Narendra Modi’s two day visit to the UAE captivated the well-heeled
The Syrian war started in 2011 when antigovernment demonstrations – part of the Arab Spring – turned violent and a fight broke between the rebels and the regime. More than 11 million people have been displaced because of the war, as Syrians have been fleeing in thousands every day to escape bomb
Under pressure from International Monetary Fund (IMF), Greece and other European Union countries trying to resolve Greece’s debt crisis agreed in Brussels on July 13 on new austerity measures to solve the staring problem. The Greek debt crisis started in late 2009 when Greek announced that its bud
BRICS, the group of emerging economies, has come up with the New Development Bank (NDB) in Shanghai.
Backed by Brazil, Russia, India, China and South Africa – together known as BRICS countries, the bank aims at lending money to the developing countries, which are seeking financial support in in
South Korea’s quarterly growth slowed more than expected. It is considered the lowest in more than two years with consumption battered by an outbreak of Middle East Respiratory Syndrome.
Asia’s fourth-largest economy has recorded a mere 0.3 per cent growth in the last quarter. According to th
IMAX has filed an application with the Hong Kong Stock Exchange (HKEx) for an initial public offering (IPO) of its China unit in Hong Kong (IMAX China Holding), as it plans to participate in the world’s fastest growing movie markets. Imax made about 30% profit last year through its China unit, whi
Avago Technologies Ltd. has struck a landmark deal (the largest ever in the semiconductor or the high-tech industry) with its competitor Broadcom Corp., in which Avago will pay the Broadcom shareholders $37 billion ($17 billion in cash and $20 billion in shares). To raise the required $17 billion in
Adani Group is mulling a foray into defence and aerospace production, keeping pace with several other big industrial groups’ drives into the “Make-in-India” initiative. Big defence spending is in the offing as defence is being seen as a sunrise sector. The place pitched for the possible ma
Forecast by the International Monetary Fund (IMF) is a fulfilment now as India’s economy is growing faster than China’s. India has been moving in the opposite direction while many countries around the world are dealing with low growth. It’s definitely a special moment for India with so much gr