Author: Badri el-Shaban

The India-UAE Partnership Summit, which is scheduled to be held here next week, will see comprehensive deliberations on the crucial economic subjects of manufacturing, AgriTech, food processing and fintech, according to an official statement issued by the organisers. The event. which is to be held on January 24, is being held in cooperation with Dubai Chamber and will be addressed by Piyush Goyal, Minister of Commerce & Industry. One session during the summit is focused on manufacturing and startups, which is pertinent considering Indian start-ups have raised USD 42 billion and added 46 Unicorns in 2021 and the Production-Linked Incentive…

Hello everyone, this is Cissy from Hong Kong. Chinese New Year is just days away, and I am very excited because we will have three public holidays here next week, which will allow me to spend more time with my cat and read more. I’m ready for a short vacation, and I think most Chinese technology companies were hoping for one, too — at least until Wednesday evening. Over the past two weeks, these companies have received quite a few positive signals from regulators, and many news headlines have been hailing Beijing’s tech crackdown as “officially” over. Some of my…

Dubai: Parents in the UAE who are planning to take out some heavy personal loans to fund their children’s college education will have to do some tough calculations and budget planning to do. Because after more than a decade, the interest rate burden they have to bear is becoming higher with every other month – until such time the US Federal Reserve decides rates have gone up enough to tame inflation. But that will be scant consolation for those thinking of a loan, because successive rate hikes through 2022 have already had an effect on demand. Banking sources talk of…

The UAE economy has quickly survived the economic impact of the Covid-19, with near-term economic growth being strong, underpinned by a rebound in domestic activity, while elevated oil prices support high surpluses in the fiscal and external balances, according to a top IMF official. According to the latest IMF report, UAE GDP growth is projected to reach above 6 per cent in 2022, up from 3.8 per cent last year. With global trends, inflation is expected to average just over 5 per cent this year. Despite the increase in oil prices and the gradual easing of Covid crisis-related fiscal support…