The United Arab Emirates announced on Sunday a major plan to stimulate its economy and liberalise stringent residency rules for foreigners, as the country seeks to overhaul its finances and attract visitors and investment. The nation's plan to lure foreign talent over the next decades reflects an emerging contrast with the other sheikhdoms of the Persian Gulf that are growing increasingly protectionist as they try to diversify their oil-bound economies. Now marking its 50th anniversary, the UAE is seeking to accelerate its economic and social reforms to rebrand for a post-pandemic future. Portraying the country as a liberal, bustling trade and finance hub, the government promised to pour USD 13.6 billion into the economy in the next year and USD 150 billion by 2030. Specific projects have yet to be announced, but USD 1.36 billion has been earmarked for Emirates Development Bank to support the industrial sector. We are building the new 50 years' economy, Thani al-Zeyoudi, the minis
Redefining Make in India and the public sector policy are signs of a new approach to reforms
Commerce and Industry Minister Piyush Goyal on Saturday expressed confidence that India will continue to attract high foreign direct investment (FDIs) in the current financial year.
Amount realised in top 100 CIRPs is Rs 2.37 trillion, over 36% of admitted claims
Will enable global investors to set up tax-exempt entities
Late last month, global banks, including Goldman Sachs, Morgan Stanley, Nomura, and Credit Suisse, were forced to sell more than $20 billion worth of shares through a series of block deals
Experts reckon up to 10 per cent of such funds could shift to the IFSC
When investing directly, go with exchange traded funds and curated portfolios initially and graduate to individual stocks once you have found your footing
Facility to be available for FDI proposals worth over Rs 3,000 cr
Higher foreign investment limit can lead to an increase in Airtel's weight in the global indices, say analysts
FPI flows from April last year show they have been betting on a revival in consumer demand to drive economic growth, revealed an analysis by Edelweiss Securities
For all the talk of an economic decoupling between China and the US and its allies, foreign companies continue to pour money into the Asian nation
The liquidity gush saw the financial pack outperform the markets by a huge margin: The Bank Nifty index jumped 24 per cent, twice the gain made by the Nifty50 index in November
Rome typically welcomes foreign investments but demands assurances that investors will follow the country's national interests.
A listed company enters the list when the available legroom for overseas investment is less than 3 per cent of the permissible limit
Large flows pose a challenge to managing rupee appreciation
Sitharaman said Aatmanirbhar Bharat would help India build on its strengths and become self-reliant
PM says pandemic has taught global supply chains need to be built on trust and policy stability
India received $51 billion in foreign investment in 2019
Investment hubs to see greater scrutiny for identification of end-beneficiaries