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Zawya
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India concludes FTA negotiations with Oman: Minister
New Delhi – Negotiations for a free trade agreement (FTA) between India and Oman, officially referred to as the Comprehensive Economic Partnership Agreement (CEPA), which began in 2023, have concluded. 'India-Oman CEPA negotiations have concluded,' India's Minister of State for Commerce and Industry, Jitin Prasada, informed the Rajya Sabha (Upper House of Parliament) in a written reply this week in response to a question from Congress Party member Jebi Mather Hisham regarding India's trade agreements. However, the minister did not specify any date or timeline for the signing ceremony of the agreement. Oman is India's third-largest export destination among the GCC countries. India already has a similar agreement in place with another GCC member, the United Arab Emirates, which came into effect in May 2022. India's key imports from Oman include petroleum products and urea, which together account for over 70% of total imports. Other significant imports include polymers of propylene and ethylene, petroleum coke, gypsum, chemicals, and iron and steel. The two countries are strategic partners. Bilateral trade and investments have expanded significantly since diplomatic relations were established in 1955, which were upgraded to a strategic partnership in 2008. In his reply, Prasada also outlined India's progress in strengthening trade ties over the past five years, noting that five major FTAs had been signed and several more under negotiation. The agreements concluded in the last five years include the India–Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) implemented in 2021; the India–UAE CEPA and the India–Australia Economic Cooperation and Trade Agreement (ECTA) in 2022; the India–European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) in 2024; and the India–UK Comprehensive Economic and Trade Agreement (CETA) signed in 2025 but yet to come into force. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Arabian Business
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Dubai free zone DMCC attracts 1,100 new companies in H1 2025 as tech and trade ecosystems surge
Dubai Multi Commodities Centre (DMCC) welcomed more than 1,100 new companies in the first half of 2025, bringing its total membership to nearly 26,000. The growth reinforces DMCC's position as one of the world's leading hubs for trade, technology, and innovation, contributing around 15 per cent of Dubai's annual FDI and 7 per cent of GDP. The DMCC Crypto Centre surpassed 700 companies following a 38 per cent year-on-year increase, helping push the total number of tech firms in the district to more than 3,300. Dubai Multi Commodities Centre growth Key growth drivers included strong demand from China, Türkiye, and the UK, expanded licensing options, and deepening commercial ties across Asia. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: 'This continued growth reaffirms the enduring strength of our value proposition and Dubai's appeal as a global business destination. 'In the face of rapid transformation brought by AI and other frontier technologies, we are intensifying our focus on high-growth sectors while expanding our ecosystems, service offering, and physical infrastructure to support the next wave of innovation-led investment. 'From advanced technology to established commodities, DMCC remains the business district of choice for ambitious enterprises looking to scale with confidence.' Techs in the city DMCC's technology ecosystem saw significant momentum: Crypto Centre: More than 700 companies, including and Animoca Brands opening first regional offices Gaming Centre: Now more than 140 companies. AI Centre: Expanded to more than 110 companies since its launch in September 2024 Together, these centres host almost 1,000 firms, cementing DMCC's position as a global Web3 and emerging tech hub. To meet rising demand, DMCC has started construction on Crypto Tower in Jumeirah Lakes Towers — a 17-storey landmark with blockchain incubators, an AI innovation floor, and gold vault facilities. Commodities and new Sectors DMCC marked major milestones in commodities: UAE surpassed one billion carats of diamonds traded in five years Record coffee price of $10,020 per kilo at the inaugural DMCC Specialty Coffee Auction Strategic partnership with AQUA-INDEX to launch the first water-backed digital asset, paving the way for the DMCC Water Centre International growth and licensing innovation at DMCC Company registrations from the UK rose 23 per cent year-on-year to nearly 2,200, Türkiye grew 22 per cent to around 700, and Chinese companies increased almost 10 per cent to just under 1,000. New Special Purpose Vehicle (SPV) and Holding Company licences have proven attractive to multinationals and family offices. Real estate and lifestyle growth Construction continued at pace in Uptown Dubai and JLT, including two new Grade A commercial towers, Mercer House luxury residences, and W Residences by Marriott International. New dining concepts, such as Uptown Social and further enhance the district's lifestyle offering. Future growth Building on a strong 2024, DMCC enters the second half of 2025 with a clear focus on scaling advanced technology sectors, driving sustainable trade, and deepening its role as a gateway for global business.
Zawya
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Oman: Hotel revenues rise 18.2% to $366mln in H1 2025
Muscat – Revenues from three- to five-star hotels in Oman grew 18.2% to RO141.21mn by the end of June 2025, compared to RO119.50mn in the same period of 2024, according to the National Centre for Statistics and Information (NCSI). Guests rose 9.2% year-on-year to 1,142,702, up from 1,046,224. Occupancy rates increased 14.4% to 54.7%, compared to 47.8% in the first half of 2024. By nationality, Oceanian visitors recorded the highest growth rate, up 57.9% to 24,681 guests, followed by African visitors, up 40.6% to 7,794. Guests from the Americas increased 22.3% to 39,293, while European arrivals rose 20.1% to 358,190. GCC visitors grew 10.6% to 83,140, and Omani guests rose 5.7% to 384,222. Asian arrivals increased 2.4% to 163,286, while guests from other Arab countries declined 1.4% to 48,453. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
