Dilasha Seth

India and the UAE could look to deepen their strategic partnership beyond bilateral trade by jointly investing in third countries, particularly in critical minerals, as global supply chains are reshaped by rising geopolitical risks, UAE minister of economy and tourism Abdulla Bin Touq Al Marri said.

UAE investments in India are set to significantly increase in coming months. Key sectors like artificial intelligence and logistics will see substantial growth. Sovereign wealth funds are actively exploring new opportunities within the Indian market. Bilateral trade targets are ambitious, aiming for two hundred billion dollars by 2032. This partnership focuses on mutual growth and shared technological development.

The UAE is poised to spearhead India's special FCNR(B) deposit scheme, with enticing dollar rates and beneficial tax incentives attracting considerable client interest. Bank officials project that more than ten billion dollars have already been sourced from the UAE. Although operational limitations for bank representatives create hurdles, the robust Indian expatriate community plays a vital role in enhancing contributions to this initiative.

Investment funds focused on India face fierce rivalry with the RBI's FCNR(B) deposit options. With investors drawn to the security of guaranteed dollar returns, fund managers are adjusting their tactics and reducing targets for offshore fundraising. This trend has prompted several clients to withdraw existing investments in favor of these attractive deposit schemes, signaling an anticipated capital reallocation after the September 30 cut-off.

Geopolitical tensions have slowed large commercial property deals in Dubai, with transaction value falling 21% in the June quarter. However, office demand remains strong amid limited supply, with office transaction value nearly tripling as investors favour smaller deals.

Geopolitical tensions have slowed large commercial property deals in Dubai, with transaction value falling 21% in the June quarter. However, office demand remains strong amid limited supply, with office transaction value nearly tripling as investors favour smaller deals.

UAE hotels are preparing for a tourism recovery after the Iran war disrupted travel, with Dubai and Abu Dhabi offering incentives to attract visitors. Hotel occupancies and bookings are improving, while airlines are providing greater flexibility ahead of the peak winter season.

UAE hotels are preparing for a tourism recovery after the Iran war disrupted travel, with Dubai and Abu Dhabi offering incentives to attract visitors. Hotel occupancies and bookings are improving, while airlines are providing greater flexibility ahead of the peak winter season.

UAE hotels are preparing for a visitor rebound ahead of the peak winter season. Dubai and Abu Dhabi are offering new incentives to attract tourists and boost arrivals.

Investors are planning to write to the Prime Minister's Office this week. They allege mis-selling and substantial losses from a Carlisle product. The group also intends to approach the Reserve Bank of India. They are exploring legal action against HDFC Bank for alleged client-suitability lapses.