The UAE has been named the world’s 10th largest recipient of foreign direct investment (FDI) in 2024, drawing in AED167.6bn ($45.6bn) in inflows, according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2025. This represents a 48% increase year-on-year; the UAE also accounted for 37% of all FDI inflows into […]
Trade deals between India and the United States and the European Union are likely to be concluded soon, according to Union Finance Minister Nirmala Sitharaman, who pledged government support for exporters amid the challenging global environment. “Intense trade negotiations are going on with the US and the European Union and should come to a conclusion […]
China is taking a long-term view over its economic development by investing both in technology and human capital, which is evident in the way new industries have evolved, according to Gim Huay Neo, managing director of the World Economic Forum (WEF). Speaking ahead of the 2025 Summer Davos Forum in North China’s Tianjin municipality, Neo […]
China’s newly introduced Private Economy Promotion Law will help private enterprises overcome the challenges they face, including difficulties in obtaining finance and an uneven business environment, according to leading economists. Speaking at a recent event organised by the Centre for China and Globalization in Beijing, Huang Hanquan, head of the Chinese Academy of Macroeconomic Research, […]
Malaysia has climbed 11 positions in the 2025 World Competitiveness Ranking (WCR) list, securing 23rd spot out of 69 economies – its highest placement since 2020. The WCR, released each year by the Institute for Management Development in Switzerland, evaluates countries based on their ability to foster a supportive business environment and drive sustainable economic […]
India’s Income Tax Department is moving to ensure compliance among cryptocurrency investors, contacting thousands of individuals who have failed to declare their cryptocurrency transactions in their income tax returns. The initiative is part of a broader strategy to address potential tax evasion in the rapidly-growing digital asset sector. With the rise of cryptocurrencies and non-fungible […]
The United Arab Emirates is investing heavily in artificial intelligence technology as part of a sweeping economic transformation plan, signing multibillion-dollar technology deals and launching a landmark AI partnership with the United States. In a visit to Abu Dhabi in May, U.S. President Donald Trump’s signed commercial agreements worth more than $200 billion and committed […]
The Indian AI market could triple in size to over $17 billion by 2027, driven by increased investments in technology, a burgeoning digital ecosystem and a strong pool of skilled professionals, according to a new study. India has 16% of the world’s AI talent, placing it behind only the US, reflecting both its demographic advantage […]
Chinese exporters’ shift towards higher-value manufacturing and their sustained focus on innovation will continue to anchor China’s foreign trade growth this year, government officials, manufacturers and experts have said. As China works to consolidate its position in global industrial chains amid rising geopolitical tensions, Chinese companies’ large-scale production capabilities, innovation strength, industrial upgrades and market […]
The Chinese government has introduced revised regulations to tackle the scourge of late payments, guaranteeing payments owed to small and medium-sized enterprises (SMEs). The revised regulation, which took immediate effect and is now in force, will help strengthen the legal protection for private enterprises, mostly SMEs, further optimize the business environment and enhance fair participation […]
