Tech start-ups in the UAE raised AED3.2 billion ($872 million) in the first quarter of 2025, an 865% rise from the $90.5 million raised in Q1 2024 and a substantial increase of 194% compared with the $297 million raised in Q4 2024. In its latest Q1 2025 UAE Tech Funding Report, Tracxn reported that the […]
India is taking a “cautious but optimistic approach” to its proposed bilateral trade agreement (BTA) with the United States, according to Commerce and Industry Minister Piyush Goyal, who added that the government would not compromise national interest for the sake of speed. Responding to questions on the India-US trade negotiations, Goyal said: “We do not […]
China is to step up market diversification and reduce reliance on the United States market, as the US’s volatile tariff policy has become a major source of global economic uncertainty, officials and exporters have said. Speaking at a news conference in Beijing, Wang Lingjun, deputy head of China’s General Administration of Customs (GAC), said the […]
Major changes to corporate tax rules have been announced by the UAE in an effort to attract more domestic and foreign investments. The changes were announced by the Ministry of Finance and outlines scenarios that will see non-residents subjected to taxation in the country. “The new decision specifies the cases in which a non-resident juridical […]
A new helpline for Indian start-up firms has been launched by the government, giving them a platform to raise any business issues they might have, make suggestions, file a complaint or air grievances. Speaking at the recent Startup Maha Kumbh event in Delhi, Commerce and Industry Minister Piyush Goyal stressed that the helpline would be […]
China should pivot its economic growth model from investment and export reliance to innovation and driving domestic consumption if it is to achieve its 5% annual growth target outlined in this year’s Government Work Report, a leading economic expert has said. Liu Shijin, vice-chairman of the China Development Research Foundation and deputy director of the […]
Malaysia should take advantage of its unilateral free trade agreements to further expand market potential and to counteract any possible impact from the implementation of tariffs by United States President Donald Trump. On 2 April, the US government announced that Malaysia will be hit with 24% tariffs, effective 9 April 2025. Director of the Master […]
India’s government has said that it is examining the implications of the ‘reciprocal tariffs’ announced by the United States, which has imposed a baseline duty of 10%, effective from 5 April 2025. A remaining country-specific ad valorem duty of 27% became effective on 9 April 2025. The Ministry of Commerce and Industry said it is […]
China is considering raising the foreign debt ceiling for high-tech firms as part of its efforts to enhance financial support for private enterprises, the State Administration of Foreign Exchange (SAFE) has said. Executives and industry experts said the moves will support private, tech-oriented enterprises to obtain more overseas financing and help private sector exporters save […]
Speed and transactional efficiency are driving the fast adoption of cryptocurrencies in the UAE and wider Middle East region, according to new research. And many people in the Middle East are opting for digital currencies because of the privacy it affords while making transactions, reflecting the region’s preference for financial security and discretion, according to […]
