Trade

India/UAE Trade: $115 billion Bet

There are only few pockets of growth available post-Covid. India and UAE can count themselves among these pockets. Both countries have hitherto restricted their trade and investments to normal levels. However, in recent meetings the trade ministers of both countries have set up ambitious targets to take this engagement to next level. For example, the total trade (meaning exports +Imports) dropped by 30% in 2020 due to Covid and is now placed at $42 billion. The aim is to take...

UAE’s 100% foreign ownership will boost investor confidence, cut cost of operations

The UAE’s announcement of 100 per cent foreign ownership across the board effective June 1, is touted as game changing and a master stroke. This was the biggest demand from various business councils for decades. The current system requires 51 per cent local sponsorship along with majority representation in the board with the Chair being Emirati. In a country where more than 80 per cent of the population are expats and where the economy is fairly better diversified than their...

China and Middle East: Bountiful Partnership

China and Middle East have had long historical trade linkages that have only grown closer and more prominent with time. At present, the relationship has gone beyond just transfer of goods and services, to transfer of knowledge and expertise. With the Middle East facing the brunt of low oil price and attempting to diversify their revenues, and China undergoing an economic transition, we shine a light at this symbiotic relationship, as the countries attempt to help each other achieve their...