UAE Exit from OPEC May Reshape Oil Market
The United Arab Emirates has opted to leave OPEC and the wider OPEC+ coalition as of May 1, a move that may shift global oil market dynamics amid intense geopolitical tensions. The decision gives the UAE flexibility over production, thus freeing it from output quotas that would stabilise prices. Given that it’s one of the biggest…
Bhumika
India & the UAE Sign a Historic Bilateral Trade DealÂ
India and the United Arab Emirates have announced a historic deal to take the bilateral trade of both countries to $100 billion, with non-oil and non-precious metal trade. Both countries plan to take their trade to $100 billion in the next three years, marking a major shift in the global economy. The decision was unveiled…
ABHYUDAYA MITTAL
Farewell To Fortune: India At Risk Of Losing 6,500 HNWIs
India is likely to see a heavy outflow of millionaires in 2023 and may lose 6,500 high-net-worth individuals (HNWIs) in the current year, according to the Henley Private Wealth Migration Report 2023. Millionaires or High-Net-Worth Individuals are people with an investable wealth of $1 million or more. China has been ranked first in terms of…
Yash Sharma
UAE Emerges As Fourth Largest Investor In India, FY23
In a significant development for India’s economy, the United Arab Emirates (UAE) has emerged as the fourth largest investor in the country during the fiscal year 2023. This remarkable feat not only underscores the strengthening of bilateral relations between the two nations but also highlights the growing confidence of foreign investors in India’s business landscape….
Lulu Announced to Invest ₹500 Crore In Food Plant in Greater Noida
Lulu, the UAE-based retail company, announced setting up its export-oriented food and agriculture-produce processing park in Greater Noida, Uttar Pradesh, with an initial investment of Rs. 500 crore. At a formal function held at Uttar Pradesh Chief Minister Yogi Adityanath’s office in Lucknow, 20 acres of land was handed over to Yusuffali M A, Lulu…
John David