India’s manufacturing sector showed significant growth in March, reaching its highest expansion rate in eight months, driven by robust domestic demand. The HSBC India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 58.1 in March, up from 56.3 in February. This figure exceeded a preliminary estimate of 57.6 and remained well above...
Cognite, an industrial software firm backed by Saudi Aramco, has launched its AI services center in Bengaluru, India. The company revealed plans to invest millions of U.S. dollars in India and aims to increase its investment in the region over time. Chief Strategy Officer Hakon Bjerke emphasized that Cognite is committed to this growth strategy....
Airfares between India and the UAE could become more affordable if air travel capacity doubles over the next five years. The UAE ambassador to India, Abdulnasser Alshaali, indicated that a 20 percent reduction in ticket prices could potentially save Indian consumers up to $1 billion, as reported by CNBC-TV18. Alshaali mentioned a proposed 4:1 air...
India has emerged as the top buyer of liquefied natural gas (LNG) from the United Arab Emirates (UAE), securing over half of the UAE’s LNG exports during the first nine months of 2024. According to a report from the Kuwaiti-based Arab Energy Organization (AEO), the remainder of the LNG was supplied to other Asian markets....
Aqua Bridge, an aquaculture company based in the UAE that is connected to the powerful Al-Maktoum family in Dubai, has announced plans to build an aquaculture farm and study center in Uttar Pradesh, India. The project, which wants to help India’s growing aquaculture industry, will need an initial investment of $461 million. In the town...