#India

Kanoo Group

Dubai’s Kanoo Group sees opportunities to invest in India, China

The family-owned company, with interests spanning shipping, real estate, financial services and energy, sees potential in sectors including artificial intelligence and clean energy

UAE’s foreign non-oil trade to grow to Dhs2.2tn by end of 2022

Non-oil foreign trade crossed Dhs583bn during the third quarter of the year

Kuwait

Kuwait says oil buyers don’t want to boost imports next year

The OPEC member exports about 2 million barrels a day of crude, most of it to Asian countries such as China, South Korea, Japan and India

India

India to test retail version of digital rupee

India is pushing forward with digital versions of its currencies, as it seeks to eliminate private cryptocurrencies that pose risks to financial stability

Passenger traffic at Dubai's DXB forecasted to reach 64.3 million in 2022

Passenger traffic at Dubai’s DXB forecasted to reach 64.3 million in 2022

Dubai International recorded average monthly traffic of over six million during the third quarter

Gaurav Sharma Investcorp India

Bahrain’s Investcorp leads $67m investment in India’s Global Dental Services

This marks Investcorp’s fourth healthcare investment in India and its first in the dental industry in the country

Investcorp plans major ramp up of India assets to $5bn

The asset manager has been expanding holdings from the US to Asia as it seeks to reach assets of about $100bn

Dubai’s Emirates A380 touches down in Bengaluru

The special service arrived on October 14, ahead of scheduled A380 operations which will commence on October 30

agility

Kuwait’s Agility Ventures invests in India’s e-commerce platform Shiprocket

The investment was part of Agility’s strategy to expand across digital logistics and e-commerce in high-growth markets

Fugro

Geo-data solutions provider Fugro expands its presence in the Middle East

The facility will host a remote operations centre expanding the company’s remote and autonomous capabilities, transforming the maritime sector

Laliga Football

LaLiga football league partners with Dubai-based Galaxy Racer to spur growth

The joint venture aims to transform the sports league’s brand presence in the Middle East and North Africa region and the Indian subcontinent

India's SpiceJet in talks to raise $200m to ease financial woes

India’s SpiceJet in talks to raise $200m to ease financial woes

The carrier will also spin off its cargo business into a separate company, SpiceXpress, in the quarter ending September 30

Whatsapp

WhatsApp rolls out in-app shopping product with India’s JioMart

The new feature lets users in India shop for products from JioMart, and pay for them directly within the app

Apple India

Apple plans to manufacture iPhone 14 in India

The company has been working with suppliers to ramp up manufacturing in India and shorten the lag in production of the new iPhone

Dubai’s DXB records 27.9 million passengers in first six months of the year

DXB handled a total of 154,993 flight movements in H1 2022, up 55.9 per cent compared to the first half of 2021

Emirates

Dubai’s Emirates to introduce A380 service to Bengaluru

Bengaluru will be the second city in India to be served by the Emirates A380 aircraft

Mukesh Ambani and Gautam Adani

Asia’s richest men prep for battle as Adani enters Ambani’s turf

Gautam Adani had overtaken Mukesh Ambani as Asia’s richest man a few months earlier

GCC unified visa

These are the world’s most and least powerful passports in 2022

As recently as 2017, Asian countries barely featured among the world’s 10 most-accepted passports

Droupadi Murmu Indian President

Droupadi Murmu elected as 15th President of India

Hailing from a tribal community in the Indian state of Odisha, the former primary school teacher has served previously as the Governor of Jharkhand, a state in the eastern part of India

Oil

Oil declines as traders weigh mideast supply after Biden trip

Crude has slumped since mid-June as concerns about a potential recession ripped through commodity markets

UAE to invest $2bn in India’s ‘food parks’

UAE announces investment of $2bn to set up food parks in India

Israel and US will bring state-of-the-art technologies and expertise to the food parks in India

IPOs

Here are Asia’s biggest IPOs to watch for the second half

Share sales globally plummeted some 70 per cent from a year ago in the first half, to levels not seen in almost two decades

UAE

UAE’s CEPA pacts to grow economy by 2.6% by 2030 – minister

In July, the UAE will sign its fourth comprehensive economic partnership agreement with Colombia

UAE Indonesia

UAE inks economic pact to boost trade with Indonesia

The Indonesia deal is the UAE’s third major trade pact since it announced the plan to broaden its economic relationships in 2021

UAE investors sign $2.76bn worth of investment with Odisha, India

CM Naveen Patnaik met key UAE business groups as part of an investment roadshow to promote investment in the state’s industrial sector

DP WORLD expands presence in India

UAE’s DP World opens new tech centres in India

DP World’s presence in the Indian technology market has grown rapidly, with its employee numbers rising from 50 in 2021, to more than 450 now

Egypt

UAE suspends re-export of Indian wheat for four months

The Ministry of Economy said that the decision comes in view of the international developments that have affected trade flows

Saudi Arabia

Saudi raises oil prices amid Asia rebound

Saudi Arabia sends more than 60 per cent of its crude exports to Asia, with China, Japan, South Korea and India being the biggest buyers

Agreement

UAE, Israel sign comprehensive economic partnership agreement

The agreement will support service sectors such as hospitality, financial services, distribution and construction

Qatar exports surge as demand for gas climbs on Ukraine crisis

China was the top destination of Qatar’s exports in April with close to QR6.6bn riyals