Qatar plans to propose three new laws as part of a complete overhaul of its legal structure, with the goal of attracting more international investment to the Gulf state. Qatar's newly appointed minister of commerce and economy, Sheikh Faisal bin Thani, acknowledged the proposal in an interview. The new legislation contains a bankruptcy law, a public-private partnership (PPP) law, and a commercial registration law, all of which are intended to streamline company operations and create a more investor-friendly climate. Sheikh Faisal emphasised that Qatar is revising 27 legislation from 17 gov
According to government sources, India intends to increase its agriculture budget by more than 15%, to almost $20 billion, in the fiscal year 2025-26. This is the greatest rise in six years, and it aims to raise rural earnings while keeping inflation under control. The increased money will go towards producing high-yielding seed varieties, boosting storage infrastructure, and increasing the output of pulses, oilseeds, vegetables, and dairy products. The finance and agriculture ministries have yet to comment on the situation. India, the world's second-largest producer of rice, wheat, and
Kenya's National Bureau of Statistics (KNBS) will start providing core inflation data to improve the efficiency of monetary policy choices. Previously, KNBS concentrated on headline inflation, which includes volatile components such as food and petrol. This caused the Central Bank of Kenya (CBK) to compute non-food and non-fuel inflation separately in order to have a better understanding of underlying inflation patterns. Core inflation, which removes volatile elements like food and energy prices, is a more reliable indicator of long-term inflationary pressures. KNBS emphasised the need of
Prabowo Subianto, Indonesia's new President, has pledged 48.8 trillion rupiah ($2.99 billion) to develop the country's new capital city, Nusantara, by 2029. This ambitious project aims to relocate the government to Nusantara by 2028, according to the project's chief on Tuesday. Former President Joko Widodo began construction on the $32-billion city in Borneo Island's jungles in 2022. This legacy project was delayed due to the COVID-19 pandemic but has since regained momentum. Widodo envisioned Nusantara as a solution to Jakarta's overpopulation and sinking issues, which are 1,200 kilometre
The Philippines has taken a huge step forward in its energy transition by signing a $15 billion renewable energy agreement with Masdar in the UAE. The agreement, signed in Abu Dhabi, focusses on the development of solar, wind, and battery energy storage technologies, with the goal of generating up to 1 gigawatt of sustainable energy by 2030 and increasing to 10 GW by 2035. Currently, renewable energy accounts for around 22% of the Philippine energy mix. The government plans to boost this to 35% by 2030 and 50% by 2040. Philippine Energy Secretary Raphael Lotilla emphasised that the agreeme
Singapore President Tharman Shanmugaratnam highlighted India's growing role as a global economic powerhouse during his visit to Odisha. He emphasised Singapore's commitment to supporting India's semiconductor ecosystem, aviation connectivity, and skilling programs. "India aims to be a geopolitical and economic powerhouse in a multipolar world. "We want to collaborate with India," Shanmugaratnam said, citing the country's demographics, development trajectory, and export possibilities. The President highlighted India and Singapore's shared priorities under the India-Singapore Ministerial
According to government sources, India intends to project nominal economic growth of 10.3%–10.5% for the upcoming fiscal year, which is higher than the current year's forecast of 9.7%. As the country prepares for its slowest growth in four years in 2024–2025, the optimistic prognosis attempts to allay fears of an economic slowdown. N.R. Bhanumurthy, director of the Madras School of Economics, stated that the growth forecast, which is fuelled by government capital expenditures, agriculture, and a resurgence in exports, is feasible. The administration of Prime Minister Narendra Modi has
Announcing intentions to make the UK a global leader in artificial intelligence, Prime Minister Sir Keir Starmer highlighted the technology's potential to change public services and spur economic growth. The AI Opportunities Action Plan seeks to modernise infrastructure, create "AI Growth Zones," and tackle issues like pothole detection, with the backing of top tech companies that have pledged £14 billion and created over 13,000 jobs. The strategy shifts from the cautious AI approach of the previous administration to one that emphasises innovation and opportunity maximisation. Notably, th
According to Ahmed Al Kaabi, Assistant Undersecretary at the Ministry of Energy and Infrastructure, the UAE is making quick progress towards its renewable energy ambitions, with a target of 14.2 GW of capacity by 2030. Speaking at IRENA's high-level discussion on energy transitions, Al Kaabi emphasised the UAE's role in the global clean energy transition through ambitious goals and investments. As the first Gulf nation to join the Paris Agreement and pledge to net-zero emissions by 2050, the UAE is home to three of the world's largest solar projects, with more underway. Masdar, founded nea
As rising petrol prices put pressure on the economy, Egypt is expanding its solar power production thanks to its huge deserts, plenty of sunlight, and advanced electrical system. A government emergency plan was prompted by rolling blackouts last summer, which were caused by declining local gas production and rising usage. Last year, Egypt spent more than $1 billion more than anticipated on LNG imports, and by 2025, prices are forecast to increase even further. Companies like AMEA Power emphasise the cost-effectiveness of solar energy as a less expensive option. With electricity costs of 2