Author: Dr Issac PJ
Dubai’s reputation as a premier global destination for multinational corporations, family-owned enterprises, and high-net-worth individuals has accelerated significantly in 2025, underlined by a surge in new entrants and record levels of wealth migration. The Dubai International Chamber announced that it attracted 143 new companies in the first half of the year, including 31 multinational corporations, representing a 138 per cent increase compared to the same period last year. Small and medium-sized enterprises also showed robust growth, with 112 firms joining in the first six months compared to 47 in H1 2024, highlighting the emirate’s ability to appeal to both global…
Kotak Mahindra (International) Limited (KMIL), a wholly owned subsidiary of Kotak Mahindra Bank Limited, has become the first Indian financial institution to receive approval from the Securities and Commodities Authority (SCA) of the UAE to conduct investment fund management and portfolio management activities. The licence marks a historic step for both the bank and the UAE’s financial sector, opening new avenues for cross-border investment flows and collaboration between the two economies. Kotak Mahindra, one of India’s most prominent private sector banking and financial services groups, has a long-established reputation for innovation in wealth management and investment banking. Founded in 1985,…
In a resounding affirmation of its global investment magnetism, the UAE has once again reinforced its status as the world’s most effective attractor of foreign direct investment (FDI), relative to its economic size. According to the 2025 Greenfield FDI Performance Index by fDi Intelligence, the UAE topped the list — outperforming 104 other economies — with a remarkable index score of 14.26, meaning it secured more than 14 times the volume of greenfield FDI projects expected for its GDP scale. This outstanding performance placed the UAE ahead of Namibia, Costa Rica and all other economies surveyed. Although project growth was…
Abu Dhabi is pressing ahead with its diversification agenda, as new trade data highlight a remarkable expansion in its non-oil sector. According to the Abu Dhabi Chamber of Commerce and Industry (ADCCI), the emirate issued 10.3 per cent more certificates of origin between June 2024 and June 2025, a clear sign of widening export activity and the growing competitiveness of local industries. Certificates of origin — official documents confirming the national origin of goods — are crucial for exporters, as they allow products to qualify for preferential tariffs and smooth access to international markets under bilateral and multilateral trade agreements.…
Prime Minister Narendra Modi’s arrival in Abu Dhabi on 16 August 2015 — the first by an Indian leader to the UAE in 34 years sparked the ignition of one of the world’s most dynamic bilateral relationships. The landmark visit offered a glimpse into how one of the world’s fastest growing major economies would reshape and recalibrate its trade and diplomatic engagements with the rest of the world, setting the stage for a remarkable decade of transformation to emerge as a global economic powerhouse. Today, as India celebrates its 79th year of independence, it stands as the fourth-largest global economy,…
Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in Europe, the Middle East and Africa, has reported a net income of Dh3.7 billion in the first half of 2025, reflecting its continued strength in core utilities and a growing international footprint despite market headwinds. The group recorded a 4.5 per cent year-on-year increase in revenue to Dh28.4 billion in the six months ended 30 June 2025, driven mainly by higher pass-through costs in its Transmission and Distribution segment. Underlying profitability in its utilities business remained robust, although overall results were weighed down by an expected…
Bitcoin surged to a record high during early Asian trading on Thursday, breaking through $124,000 and overtaking Google parent Alphabet’s market capitalisation, as a wave of institutional demand, corporate adoption, and pro-crypto policy in the United States fuelled optimism that the rally has much further to run. The world’s largest cryptocurrency briefly touched $124,450 late on Wednesday before easing slightly, propelling its market capitalisation to $2.456 trillion — enough to rank as the fifth-largest asset globally. The move cemented Bitcoin’s position above the $120,000 support level and underscored the momentum that has been building in recent weeks. Ethereum followed the…
DP World has reported a strong financial and operational performance for the first half of 2025, highlighting the resilience of its integrated global trade platform in the face of ongoing geopolitical tensions, shipping disruptions, and uncertainty over global trade tariffs. Revenue for the six months to June 30 rose 20.4 per cent year-on-year to $11.244 billion, driven by robust growth in its Ports & Terminals division and contributions from recent acquisitions. Adjusted Ebitda increased 21.4 per cent to $3.033 billion, while container volumes climbed 6.7 per cent across its global portfolio to reach 45.4 million TEUs (twenty-foot equivalent units). On…
Oil prices dipped midweek as market sentiment shifted in response to the International Energy Agency’s latest forecast, which indicated that global oil supply is set to outpace demand this year. Brent crude futures slipped 41 cents, or 0.6 per cent, to $65.71 a barrel by mid-morning London time, while US West Texas Intermediate fell 50 cents, or 0.8 per cent to $62.67. Analysts pointed to the combination of the American Petroleum Institute’s latest inventory data and the IEA’s softer demand outlook as key drivers of the downward move, even as the market awaits Friday’s meeting between US President Donald Trump…
Al Ansari Financial Services, the largest non-banking financial institution and services provider in the GCC, has reported record results for the first half of 2025, with operating income rising 13 per cent year-on-year to Dh638 million. The growth was driven by the consolidation of the recently acquired BFC Group results from the second quarter and strong performance across most business lines, underscoring the group’s market leadership and resilience despite geopolitical headwinds, the group said in a statement. Ebitda climbed 11 per cent to Dh287 million, maintaining a 45 per cent margin. Net profit after tax increased 3 per cent to…