Worldwide air cargo tonnages dropped 3% during the October 6 to 12 period over the previous week, mainly due to holidays in China, Taiwan and S. Korea. On the pricing side, a noticeable change was that China air cargo spot rates to the US fell for a second week by 7%.
Gitex, the world’s largest tech and AI events network, will mark its debut in India with the inaugural Gitex Ai India in April 2027 in Bengaluru, it was revealed at the Gitex Global in Dubai.
Google has announced a $15 billion investment to build a large AI + data centre hub in the south Indian city of Visakhapatnam (Vizag), thus pioneering a generational shift in AI capability and anchoring the next phase of US–India tech co-operation in an AI era.
BCD Global, a leading Indian multinational group with interests in real estate development, construction and finance, has announced its foray into the Middle East, naming Dubai as its regional headquarters as it accelerates its next phase of global growth.
Hindustan Petroleum Corporation (HPCL) has commissioned India’s first LC-MAX residue conversion unit at its Visakh Refinery, marking a milestone in the country’s downstream sector.
Emirates NBD Capital, the investment banking arm of Emirates NBD, has received regulatory approval for a Category I Merchant Banking licence from SEBI, India’s market regulator, becoming the first Middle Eastern investment bank to secure Category I licensure.
India and the European Union have concluded a long-delayed free trade agreement that will eliminate or sharply reduce tariffs on the vast majority of goods traded between the two sides, a move aimed at boosting bilateral commerce amid rising global trade tensions.
Oman’s OQ Group has signed strategic agreements worth over RO230 million ($598 million) with two global companies - Germany-based MAK and Indian group Deepak - for the development of advanced downstream manufacturing projects in the cities of Sohar and Salalah in the sultanate.
Leading Indian property developer Casagrand has broken ground on its premium residential project - Hermina - on Dubai Islands, thus marking its entry into the Middle East real estate market. Set for completion in Q2 2028, the project will feature a total of 131 residential units and other amenities.
India and the United Arab Emirates have agreed to double their bilateral trade to $200 billion by 2032, underscoring the rapid expansion of economic ties under their Comprehensive Economic Partnership Agreement (CEPA).
