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Web Release
2 days ago
- Business
- Web Release
Investopia Global launches new economy dialogues in Hyderabad and Andhra Pradesh to strengthen UAE-India partnership in future and sustainable economic sectors
Investopia Global launched the new economy dialogues in Hyderabad and Andhra Pradesh, with the aim of enhancing economic partnership between the UAE and the friendly Republic of India in future economic sectors – most notably fintech, clean energy, artificial intelligence, advanced manufacturing, tourism, supply chains, health and food services, and entrepreneurship. The events explored modern global trends in investment and finance and their role in promoting sustainability, as well as the impact of economic and geopolitical challenges on economic growth at regional and global levels. Investopia Global editions in Hyderabad and Andhra Pradesh were held in collaboration with the Indian Ministry of Industry and Trade, the Federation of Indian Chambers of Commerce and Industry (FICCI), and the Andhra Pradesh Economic Development Board. The events were held in the presence of H.E. Abdulla bin Touq Al Marri, Minister of Economy and Tourism, Chairman of Investopia; H.E. Mohammed Abdulrahman Mohammed Alhawi, Undersecretary of the Ministry of Investment; Walid Hareb Al Falahi, Secretary General of the UAE International Investors Council; Hamad Al Marar, Managing Director and CEO of EDGE; and Dr Mohamed Abdullah Al Zaabi, Group CEO of Miral. It was attended by more than 500 business leaders, investors, innovators, officials, and decision-makers from both the UAE and India. Investopia – an effective platform for dialogue between the UAE and Indian business communities H.E. Bin Touq said: 'Investopia has succeeded in establishing itself as an effective platform for dialogue between the UAE and Indian business communities and supporting the growing economic partnership between the two countries in the sectors of the new and sustainable economy. Since 2021, Investopia has launched its global dialogues in five Indian cities and states: Mumbai, New Delhi, Chennai, Hyderabad and Andhra Pradesh. These events served as impactful gatherings that brought together senior leaders, economic players, investors, and entrepreneurs from both sides to capitalize on promising economic and investment opportunities in both markets. Our two nations have established diverse pathways to support a shared vision for innovative and sustainable economic models, while also promoting the development of diversified economic partnerships across both the public and private sectors.' UAE and India among fastest growing economies 'The economies of the UAE and India are among the fastest growing ones, as the non-oil GDP of the UAE economy grew by five per cent in 2024 compared to that of 2023, while the GDP of the Indian economy achieved a growth of 7.4 per cent in the first three months of 2025. This indicates the growing momentum of economic opportunities in both markets,' H.E. added. 267,121 Indian companies thriving in UAE markets H.E. continued: 'The hosting of these events reflects the growing importance of the Indian business community as a vital economic and investment partner for the UAE. Today, over 267,121 Indian companies are actively operating across diverse sectors in the UAE market. Notably, 22,415 new Indian firms entered the UAE in the first half of 2025, a growth rate of more than 10 per cent compared to the same period last year. This surge underscores the UAE's strong appeal as a global business hub and reaffirms the deep confidence Indian investors place in our economy.' India: Top source of tourists to the UAE H.E. pointed out that tourism stands out as a cornerstone of economic collaboration between the two nations. India has established itself as the UAE's primary source of tourists, contributing 4.23 million visitors during 2024. The air connectivity between the countries continues to expand, with over 600 weekly flights operated by carriers from both nations. Speaking at the event, Dr. Jean Faris, CEO of Investopia, stated: 'Investopia has emerged as a global platform with a clear vision to shape the future of investment in advanced economic sectors – both regionally and globally. Through its events and international dialogues, the platform connects ambitious capital with transformative ideas, contributing to the development of a new economy that fosters sustainable growth and enables cross-border economic and investment partnerships.' He added: 'The global economy is undergoing profound geopolitical and structural shifts, marked by evolving trade routes and an accelerating digital transformation. In this context, there is an urgent need to build more resilient and sustainable economic systems. Against this backdrop, we gather here in Hyderabad and the state of Andhra Pradesh to leverage the geographic and competitive advantages of both the UAE and India, forging joint visions and innovative solutions that unlock new opportunities for both business communities.' Expanding avenues for economic and investment partnerships In detail, Investopia Global dialogues in Hyderabad City and Andhra Pradesh State featured a series of panel discussions and roundtable meetings that explored the evolution of cross-border economic and investment partnerships between the UAE and India, across both public and private sectors. The sessions spotlighted promising opportunities in the two countries' markets, particularly within the new economy, infrastructure, technological innovation, sustainable industries, data centers, and agri-tech. Shaping the future of UAE-India-Africa trade corridor The sessions examined the future of the UAE–India–Africa trade corridor and its critical role in creating new avenues for economic and investment integration among the three regions. The corridor empowers Emirati and Indian enterprises to forge partnerships and launch viable joint ventures in African markets. The UAE's strategic location, bridging East and West and North and South, and its position as a global logistics and financial gateway, together with India's strength as a regional and global center for production and innovation, and Africa's status as a rapidly growing and opportunity-rich emerging market, make this corridor a strategic platform for expanding cross-border and intercontinental economic activity. Accelerating startup access to global markets The dialogues underscored collaborative opportunities to nurture entrepreneurial ecosystems through venture capital funding and institutional support from accelerators such as Hub71 and T-Hub. These initiatives aim to accelerate the growth of Emirati and Indian startups and support their entry into global markets. The sessions also explored avenues for cooperation in the industrial and defense sectors under the UAE-India Comprehensive Economic Partnership, with a focus on advanced industries such as artificial intelligence, space, and automotive technologies. Discussions included the potential to establish joint industrial projects that leverage the competitive advantages of both economies. Strengthening the future of food and agricultural security in both countries The sessions reviewed opportunities to build strategic supply chains that strengthen food and agricultural security in both countries, enhance joint trade and investment flows, and improve the utilization of agricultural and export potential in the UAE and Andhra Pradesh. Discussions also addressed future urban infrastructure plans in the UAE and Hyderabad, aimed at designing more resilient and sustainable cities through the adoption of cutting-edge technologies. In addition, the sessions highlighted the vital role of tourism as both a cultural and investment bridge between the two nations, particularly in medical tourism, diverse cultural experiences, and digital tourism platforms. Besides, opportunities to foster cooperation between Emirati and Indian tourism companies were explored, along with plans to develop innovative marketing strategies and investment partnerships in the tourism sector. Stimulating investment in the bioeconomy and medical innovation The sessions focused on encouraging the UAE and Indian business communities to expand investments in the emerging bioeconomy – one of the fastest-growing and most impactful sectors for the future of sustainable development. Discussions also emphasized the importance of long-term investment in research and industrial infrastructure related to medical sciences, biotechnology, clinical innovation, and the pharmaceutical industry. These efforts aim to strengthen bilateral cooperation, enhance the competitiveness of healthcare systems in both countries, and support their transition toward smarter, technology-driven models that are efficient, future-ready, and responsive to population needs. The Investopia Global dialogues in Andhra Pradesh witnessed the signing of a Memorandum of Understanding (MoU) between Investopia and the Andhra Pradesh Economic Development Board (APEDB), to enhance cooperation and support the participation of a high-level delegation from the state in the fifth edition of Investopia's flagship summit, scheduled to be held in April next year in Abu Dhabi. The MoU was signed by Dr. Jean Fares, Chief Executive Officer of Investopia, and Mr. Saikanth Varma IAS, Chief Executive Officer of APEDB, in the presence of H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy and Tourism; and H.E. N. Chandrababu Naidu, Chief Minister of Andhra Pradesh.
Time of India
6 days ago
- Business
- Time of India
India-UAE non-oil trade poised to hit $100B investments by 2030: UAE's economy minister
Hyderabad: Thanks to the significant boost provided by the Comprehensive Economic Partnership Agreement (CEPA) to the economic relationship between India and the United Arab Emirates (UAE), bilateral non-oil trade is expected to surpass $100 billion annually by 2030, UAE's Minister of Economy and Tourism, Abdulla bin Touq Al Marri, told TOI here on Thursday. He said UAE is India's third-largest trading partner globally, and UAE companies are increasingly looking to invest in India not just in sectors such as food processing, infrastructure, and retail, but also in areas such as renewable energy, green hydrogen, waste management and circularity, data centres, defence and space, fintech, and tourism, among others. Speaking on the sidelines of the UAE govt's Investopia conclave here, the minister pointed out that by the end of Sept 2023, UAE's direct investments in India reached nearly $17 billion, positioning the UAE as India's seventh-largest global investor. Indian investments in the UAE amounted to $8 billion, making India the second-largest investor globally in the UAE. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad "Our mutual investments now total $25 billion, with a substantial 70% directed from the UAE to India," he said, pointing to the role of the CEPA, which was signed in 2022, in significantly enhancing bilateral trade and investment flows. The minister said that CEPA led to a remarkable surge in trade, with bilateral non-oil trade reaching $65 billion in 2024, marking a 19.7% year-on-year increase. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Stylish New Mobility Scooters Available for Seniors (Prices May Surprise You) Mobility Scooter | Search Ads Search Now Undo This, he pointed out, is more than double the trade level of $27.9 billion in 2020, prior to the CEPA agreement. The current bilateral trade spans several high-growth sectors, including precious metals, machinery, agritech, iron and steel, and aluminium. "A lot of investments are coming. A lot of trade is coming. The B2B relationship is really pushing the partnership and CEPA to the next level. Our relationship with India is very strategic, which is why of the 15 Investopia events we have done globally, five have been held in India. But now the focus is on deepening the relationship to the state level, which is why we conducted it in Telangana and Andhra Pradesh this time," he explained.
Al Etihad
22-07-2025
- Business
- Al Etihad
UAE's ‘Global Sustainable Aviation Marketplace' institutionalised as ICAO annual event
22 July 2025 12:40 ABU DHABI (WAM) The Council of the International Civil Aviation Organisation (ICAO), during its 235th Session, has officially adopted the UAE's Global Sustainable Aviation Marketplace (GSAM) as an institutionalised annual event under ICAO's official calendar, marking a rare recognition for a state-initiated concept to evolve into a regular, internationally supported launched in Abu Dhabi in February 2025 on the sidelines of the ICAO Global Implementation Support Symposium (GISS), the GSAM initiative aims to accelerate sustainable practices in global aviation by bringing together stakeholders from across the ecosystem, including airlines, manufacturers, regulators and investors, to drive the adoption of sustainable aviation fuels (SAF), low-carbon aviation fuels (LCAF), and climate finance solutions under the ICAO (Finvest Hub).ICAO's decision reflects the country's dedicated efforts to establish the event and secure its formal integration into the organisation's global reflects the UAE's growing influence in shaping the future of sustainable aviation and its ability to deliver scalable, institutional solutions to global of Economy and Chairman of the General Civil Aviation Authority (GCAA), Abdulla bin Touq Al Marri, said, "Thanks to the guidance of our wise leadership, the UAE continues to lead the civil aviation sector both regionally and internationally. This achievement reflects the UAE's prominent position on the global civil aviation map and reaffirms its excellence in developing future solutions and creating sustainable and innovative global initiatives that drive the growth and competitiveness of this vital sector while keeping pace with global development needs.""We have succeeded in transforming a national idea into a global institutional platform that supports ICAO's goals and contributes to building a more efficient and resilient aviation ecosystem, in line with the world's best practices."Director-General of the GCAA, Saif Mohammed Al Suwaidi, stated, "We are proud that the GSAM initiative, once a national vision, is now a formal ICAO-backed global event. This milestone is a testament to the UAE's strategic focus on sustainability and our belief in inclusive, multilateral collaboration to drive progress."The ICAO Council members praised the UAE's leadership and vision, noting the UAE has a forward-looking vision in taking decisive steps towards achieving sustainability and promoting innovation, presenting a model for the world in how to turn vision into tangible initiative was proposed by the UAE in 2024 through its permanent mission to ICAO, with a clear goal: to establish a global marketplace that connects policy, technology, and finance to support aviation's transition to net-zero idea quickly gained traction and was brought to life by a coordinated effort between the UAE General Civil Aviation Authority, the UAE Permanent Mission team in Montreal, and various local and international partners. Preparations are now underway for the second edition of GSAM, and the event is expected to attract a wide range of global participants and serve as a practical forum for advancing ICAO's Long-Term Aspirational Goal (LTAG) of net-zero carbon emissions by 2050.
Al Etihad
21-07-2025
- Business
- Al Etihad
Presight signs MoU with Tajikistan to advance national AI strategy
21 July 2025 18:59 DUSHANBE (ALETIHAD)Presight, the Abu Dhabi-headquartered AI and big data analytics company, has signed a non-binding Memorandum of Understanding (MoU) with the Ministry of Industry and New Technologies of the Republic of Tajikistan to support the country's ambitions in artificial agreement was formalised during the Tajikistan-UAE Business Forum in Dushanbe, attended by UAE Minister of Economy Abdulla bin Touq Al Marri and UAE Ambassador to Kazakhstan Dr. Mohammed Saeed Al Ariqi. Representing the Tajik side was Sherali Kabir, Minister of Industry and New Technologies, while Maxat Koshumbayev, Regional Director for Central Asia, signed on behalf of MoU sets out a strategic collaboration aimed at developing Tajikistan's AI ecosystem through innovation, infrastructure, and talent development. It includes plans to pilot AI-powered government and enterprise solutions across priority sectors such as smart cities, energy, and Kabir, Minister of Industry and New Technologies of Tajikistan, said: 'We are excited to engage with Presight on furthering Tajikistan's AI ecosystem. Our nation has pioneered the full supply chain of AI—from green AI compute to frontier synthetic data applications and introduction of AI in the school curriculum. We view Presight as a strategic AI partner for Area AI, our global AI technopark, with plans for joint AI deployments in smart cities, industry and infrastructure.'Commenting on the agreement, Presight's Maxat Koshumbayev said:'Presight is proud to support Tajikistan's national AI strategy leveraging Presight's global expertise through innovation, infrastructure and talent development. We believe this collaboration will bring lasting value to the country's digital future and contribute to regional technological development.'As part of the agreement, a joint working group will be formed to coordinate pilot projects, oversee the transfer of technologies, and explore broader AI-driven innovations. The partnership also includes plans to implement AI-based operational solutions for key infrastructure, including Dushanbe International Airport. The MoU highlights the growing economic and technological ties between Tajikistan and the UAE, and reflects Presight's wider strategy to support digital transformation across Central Asia.
Zawya
16-07-2025
- Business
- Zawya
UAE signs MoU with WIPO to advance intellectual property ecosystem and strengthen policy integration across innovation, education, and industry
Abu Dhabi: The Ministry of Economy and Tourism signed a Memorandum of Understanding (MoU) with the World Intellectual Property Organization (WIPO) to strengthen cooperation in developing the UAE's intellectual property ecosystem in line with global best practices, and to exchange expertise in national policy and legislative development. The MoU was signed on the sidelines of the UAE delegation's participation in the 66th meeting of WIPO member states in Geneva. H.E. Abdulla bin Touq Al Marri, Minister of Economy and Tourism, stated that the agreement with WIPO marks a significant step forward in enhancing the institutional framework of the UAE's IP ecosystem. He emphasized that it reflects the leadership's vision of establishing a comprehensive legislative and service environment that protects the rights of innovators and creators, and fosters a competitive, knowledge-based, and innovation-driven economy. H.E. added that collaboration with WIPO will accelerate the adoption of global tools and policies in digital transformation, capacity-building, and knowledge policy integration, further cementing the UAE's position as a global hub for the new economy and creative industries. H.E. said: "Intellectual property is a key enabler of our country's knowledge-based economic model, fostering innovation and supporting entrepreneurship in scientific, technological, and cultural fields. Therefore, the Ministry of Economy and Tourism continues to enhance the UAE's IP ecosystem in line with international best practices. To this end, we are forging partnerships with our global partners and relevant global organisations and keeping pace with global technical and legislative developments in this regard, aligned with the objectives of 'We the UAE 2031' to solidify the UAE's position as a global hub for the new economy." The agreement was signed by H.E. Bin Touq and Daren Tang, Director General of WIPO. Under the terms of the agreement, both parties will collaborate on supporting digital transformation, developing joint projects, and building institutional and human capacities. They will also strengthen policy integration across innovation, education, industry, and intellectual property through leveraging WIPO's expertise. A joint working group will be formed to follow up the implementation, assess progress, update the action plan, and share technical reports and information, thereby reinforcing the competitiveness of the UAE's innovation and creativity sectors at regional and global levels. This collaboration reaffirms the UAE's position as a key partner in shaping the global intellectual property landscape and highlights its leading role in supporting initiatives that foster a resilient, innovation-driven, and technology-based economy, while safeguarding the intellectual property rights of creators and inventors across vital sectors.
