India’s electric vehicle sales doubled in June 2025 compared to the same month last year, according to data released by the Federation of Automobile Dealers Associations (FADA). Nearly five out of every 100 passenger vehicles sold this month were electric, up from around two in June 2024. This indicates a significant shift in consumer adoption of electric mobility in India. However, total car sales have moderated due to financing difficulties and supply issues in some variations. The early arrival of monsoon rains, combined with rising interest in electric vehicles, influenced consumer p
India is implementing a strategic plan to transform itself into a global chemical export hub by 2030, to nearly double its current export levels of $44 billion. The strategy prioritises large upgrades at port-based clusters and new production zones, together with suggested sales-linked incentive schemes to drive growth in high-value speciality chemicals. India's top policy think tank has recommended opex-linked subsidies and cluster-based development around ports to reduce the sector's $31 billion trade deficit. The goal is to boost chemical exports to between $75 billion and $80 billion b
India's pharmaceutical exports remained strong in April and May 2025, at USD 4.96 billion, according to the Pharmaceuticals Export Promotion Council of India (Pharmexcil). Exports reached USD 2.47 billion in May alone, representing a 7.38% increase over the same period last year. This expansion is driven by rising global demand, more efficient regulatory clearances, digital initiatives, and India's efforts to expand its international presence. Formulations and biologicals continued to lead, making up 75.74% of total exports. Bulk medicines and intermediates increased by 4.40%, while vac
Steel Authority of India Limited (SAIL) has established its first overseas representative office in Dubai, a key step towards increasing its global presence. H.D. Kumaraswamy, Union Minister for Steel and Heavy Industries, inaugurated the office recently. Satish Kumar Sivan, India's Consul General in Dubai, and Amarendu Prakash, Chairman of SAIL, attended the ceremony, along with senior officials from NMDC, MECON, and the Ministry of Steel. SAIL, with an annual crude steel production capacity of more than 20 million tonnes, is the third Indian public-sector steel corporation to establish a
According to the most recent data from the Kenya National Bureau of Statistics (KNBS), Kenya's economy increased by 4.9% in the first quarter of 2025. This growth rate is consistent with the expansion achieved during the same period the previous year. The improved performance was primarily driven by development in the agriculture, forestry, and fishing sectors, as well as significant gains in information and communication, wholesale and retail trade activities. Agriculture, forestry, and fishing operations increased by 6.0% during the quarter, compared to 5.6% in the first quarter of 2024.
The Dubai International Financial Centre Innovation Hub and the Dubai Land Department have inaugurated the Dubai PropTech Hub, the region's first project aimed at promoting real estate technology. The platform, located in the DIFC Innovation Hub, seeks to support over 200 PropTech start-ups and scale-ups by 2030, creating over 3,000 employment and drawing $300 million in investment. The hub is intended to bring together developers, technology businesses, regulators, and investors in one innovation-focused district, creating a tech-led real estate ecosystem in Dubai. It will provide customi
Cabinet Secretary Teddy Indra Wijaya expects Indonesia's largest integrated electric vehicle battery ecosystem in Karawang District, West Java, to create 8,000 direct jobs. President Prabowo Subianto opened the ANTAM-IBC-CBL consortium's project in Artha Industrial Hills in Karawang. Wijaya stated that the project might also provide 35,000 indirect jobs while considerably benefiting the local economy. He noted that the launch reflects the president's commitment to advancing industrial development along the value chain, with six sub-projects already underway in Karawang and East Halmahera.
Morocco's GDP grew by 4.8% in the first quarter of 2025, up significantly from 3% in the same period last year. According to Morocco's High Commission for Planning (HCP), this growth marks the country's best first-quarter performance in previous years. The industrial sector expanded by 4.5%, exceeding the previous year's 3.2%. Construction and public works grew by 6.3%, while water and electricity services expanded by 5%. Manufacturing industries improved to 3.4%, up from 1.7% in 2024. The extractive sectors, primarily mining, grew by 6.7%, down after a strong 19.1% growth rate the previou
In the first quarter of 2025, Qatar's economy experienced a 3.7% increase in real GDP over the same period the previous year. According to the National Planning Council, GDP at constant prices increased to QAR181.5 billion in the first quarter from QAR175 billion the previous year. Qatar News Agency reported on the data, citing the National Statistics Centre. The report focused on the country's attempts to boost its non-hydrocarbon economy. Non-hydrocarbon activities accounted for 63.6% of real GDP in the first quarter, equivalent to around QAR 115 billion. This represents an increase from
Saudi Arabia's net foreign direct investment increased by 44% in the first quarter of 2025, hitting SR22.2 billion ($5.9 billion), owing to stronger inflows and considerably lower capital outflows. According to data from the General Authority for Statistics, this compares to SR15.5 billion in the same period last year. However, it represented a 7% decrease from the SR24 billion recorded in the fourth quarter of 2024. Gross inflows totalled SR24 billion in Q1 2025, up 24% year-on-year, while outflows dropped to SR1.8 billion, a 54% decrease from Q1 2024. The reduced difference between inflo