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The UAE Ministry of Finance has announced new tax regulations designed to stimulate economic growth by attracting more investments. These changes specifically target Qualifying Investment Funds (QIFs) and Qualifying Limited Partnerships, offering favorable tax conditions to encourage investor participation. Under the new framework, investors involved in QIFs will enjoy a preferential tax regime. Income generated...
Turkey’s exports to the Gulf Cooperation Council (GCC) region saw a notable increase in February, primarily due to a substantial rise in shipments to the United Arab Emirates (UAE). Exports to the UAE surged by 81 percent year-on-year, reaching nearly $600 million. This growth has pushed Turkish shipments to the Emirates in 2025 to approximately...
Absa Group Ltd., South Africa’s third-largest bank by assets, is set to open a representative office in Dubai next year. This move aims to capitalize on the increasing trade and investment between the Middle East and Africa. Yasmin Masithela, the chief executive officer of Absa Group Ltd.’s corporate and investment banking unit, announced, “We’re setting...
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...
The United Arab Emirates (UAE) has set a significant goal to enhance its non-oil foreign trade to AED4 trillion ($1.09 trillion) by 2031. This objective is a key element of the “We the UAE 2031” vision, which aims to diversify the country’s economy away from oil dependency. As part of this initiative, the UAE launched...
Indians working abroad transferred a remarkable total of $129.4 billion back to India in 2024, marking a significant milestone in remittance inflows. The October to December quarter alone saw the highest-ever inflows, amounting to $36 billion, according to recent data from the Reserve Bank of India (RBI). India remains the leading country in receiving remittances,...
The UAE’s Comprehensive Economic Partnership Agreement (CEPA) programme, launched in September 2021, has successfully established 26 agreements with strategically important countries and international groups by the end of the first quarter of 2025. This initiative aims to strengthen the UAE’s economic position both regionally and globally. In 2025 alone, the UAE has signed five new...
Iqoniko LLC FZ is a capital management consulting and advisory firm that is actively shaping financial strategies for institutions. The company is recognized for its leadership in capital raising for both private and public entities. Iqoniko focuses on the German-speaking investor markets, particularly in cities like Frankfurt, Düsseldorf, and Vienna, as interest from the DACH...
The Sharjah Chamber of Commerce and Industry (SCCI) has presented its strategic roadmap for the period of 2025 to 2027. This initiative aims to drive significant improvements in the performance, operations, and service quality of the Chamber. The strategy is focused on supporting business sustainability, growth, and anticipating future business trends while enhancing competitiveness and...
UAE entities, especially sovereign wealth funds (SWFs), have a significant opportunity to address Brazil’s pressing infrastructure needs while fostering mutual economic growth, according to Luis Fernando Eleutério Lopes, partner and chief economist at Patria Investments. The diplomatic relationship between Brazil and the UAE, which began fifty years ago, has evolved into a robust partnership, characterized...