Latest news with #ForeignDirectInvestment
Zawya
6 days ago
- Business
- Zawya
Eaton Square: Ellington's first a-grade office building and MBR City's newest business landmark
Foreign direct investment is fuelling demand for high-quality, future-ready workspaces 70,500 new companies joined the Dubai Chamber in 2024, reflecting rising demand for premium office spaces like Eaton Square. The development introduces a next-generation office concept that integrates wellness, architecture, and smart technology, anchored by seven core wellness principles. Dubai, UAE – Ellington Properties, Dubai's leading design-led real estate developer, proudly announces the launch of Eaton Square, its first-ever commercial development. Located in Mohammed Bin Rashid City (MBR City), this project marks a bold new chapter for the developer, extending its signature commitment to thoughtful design and human-centric living into the commercial real estate sector. As Dubai strengthens its role as a global business hub through progressive national initiatives like the Dubai Economic Agenda D33, rising foreign direct investments are driving demand for high-quality, future-ready workspaces. In 2024, the Dubai Chamber of Commerce recorded its highest-ever annual increase in memberships, with 70,500 new companies – a 4.6% year-on-year rise. Growth sectors include construction (33%), real estate and business services (8.4%), transportation and communications (8.3%), and financial services (8.3%). Eaton Square is designed to meet this demand for modern workplaces that prioritise wellbeing, flexibility, and innovation. Scheduled for completion in Q2 2028, the project will rise as a contemporary commercial tower featuring 11 bespoke office floors and premium retail spaces. Each floor has been meticulously designed for single-tenant occupancy, ensuring exclusivity and privacy for businesses, offering panoramic views of Dubai's skyline and the surrounding central lagoon, and creating a truly elevated working environment. Joseph Thomas, Co-Founder of Ellington Properties, said, 'With Eaton Square, we are expanding the boundaries of what commercial real estate can offer in Dubai. This launch reflects our continued commitment to design excellence, now reimagined for the workplace. As the city evolves into a global hub for businesses, there is a clear need for workspaces that foster wellbeing, creativity, and connection. Eaton Square delivers on that promise, offering an environment that inspires performance and cultivates balance.' In line with Ellington's human-centric approach, Eaton Square offers an extensive range of indoor and outdoor amenities designed to support a modern work-life experience- from a state-of-the-art fitness centre, yoga studio, sauna, and changing rooms to an executive lounge and co-working lounge equipped with presentation technology. An on-site daycare centre supports working parents, while designated phone booths and quiet zones promote focus and privacy. Lifestyle elements include a promenade offering dining and leisure retail experiences, a kids' play area, and outdoor games such as table tennis and chess. The development also emphasises accessibility and sustainable mobility, featuring parking bays, EV charging stations, and bicycle storage, and integrates advanced smart building technology, including destination control lifts, facial recognition (FR), Near Field Communication (NFC), QR code readers across front-of-house (FOH) areas, and video analytics with people counting, behavioural analysis, and object tracking. Strategically located in MBR City, Eaton Square offers more than a progressive commercial address; it delivers a forward-thinking environment that blends architectural distinction with wellness, functionality, and smart innovation to elevate the way people work and live. About Ellington Properties: Ellington Properties is Dubai's leading design-led real estate developer, dedicated to crafting beautiful properties and communities for high-quality lifestyles. Renowned for its customer-centric approach, Ellington Properties develops residences characterized by incredible artistry and impeccable architecture. The company's diverse portfolio includes communities across Dubai, such as Downtown Dubai, Business Bay, Dubai Hills, Palm Jumeirah, Mohammed Bin Rashid City (MBR City), and Dubai Islands, among others, as well as in Ras Al Khaimah, including Al Marjan Islands and Hayat Island. Ellington Properties combines thoughtful design, art, and lifestyle curation to create sanctuaries of personalized living experiences.
Bloomberg
7 days ago
- Business
- Bloomberg
Swiss Are Ready to Make More Attractive Trade Offer to US
By and Hugo Miller Updated on Save The Swiss government said it is determined to win over the US on trade after last week's shock announcement of 39% tariffs on exports to America. 'Switzerland enters this new phase ready to present a more attractive offer, taking US concerns into account and seeking to ease the current tariff situation,' it said in a statement on Monday, highlighting its foreign direct investments and research and development push in the US. It also excluded countermeasures for the time being.
Al Etihad
02-08-2025
- Business
- Al Etihad
Abu Dhabi attracted $596 million in greenfield FDI in H1 2025: Emirates NBD Report
2 Aug 2025 12:42 A. SREENIVASA REDDY (ABU DHABI)Abu Dhabi attracted 42 greenfield Foreign Direct Investment (FDI) projects worth $595.8 million in the first half of 2025, while the UAE as a whole registered 613 greenfield projects drawing capital inflows of $5.42 billion, according to a research report released by Emirates capital's FDI performance complements broader national trends, with Dubai continuing to lead the pack, attracting 526 projects valued at $3.03 billion. Sharjah came in second with 24 projects worth $1.47 billion—remarkable for the high average project size—followed by Ras Al Khaimah (RAK), which drew six projects totalling $188.6 million.A significant component of the UAE's FDI momentum is the establishment of 34 new regional headquarters, representing a combined investment of $386.1 report said this 'underscores the UAE's growing importance as a regional business hub', as more multinational corporations view the UAE as a launchpad for operations across the Middle East and beyond.'In H1 2025, the convergence of technology and sustainability emerged as a key investment theme,' Emirates NBD noted in its communications sector—particularly data centres and AI infrastructure—garnered $359.5 million across 16 projects. Notable developments include Microsoft's partnership with Core42, a G42 subsidiary, to build sovereign cloud and AI infrastructure aligned with Abu Dhabi's 2025–2027 strategy to become the world's first AI-native May, G42 announced Stargate UAE, a 5GW AI data centre campus involving global technology heavyweights such as OpenAI, Nvidia, Cisco, SoftBank, and Oracle. The first phase, comprising 200MW, is scheduled for delivery by zones accounted for $1.62 billion—or nearly 30%—of total FDI inflows in H1 2025, despite hosting just 17.5% of total projects. This reveals their attractiveness for large-scale the charge was Jebel Ali Free Zone with $474.1 million in investments, followed by Dubai South with $280.9 million, Al Hamra Industrial Zone ($127.1 million), and Dubai Industrial City ($114.4 million). Dubai International Financial Centre attracted $89 million in financial services projects.'This concentration of high-value investments underscores free zones' appeal for capital-intensive operations,' the Emirates NBD report said.'Free zones' 100% foreign ownership, tax exemptions, streamlined licensing, and world-class infrastructure continue to prove particularly attractive for manufacturing, technology, and logistics sectors,' the report business services led in project count with 183 projects, primarily in professional services, consulting, and waste management. Software and IT services followed with 108 projects, while financial services recorded 65. Transportation and warehousing secured 42, and industrial equipment attracted 39 the real estate sector saw only 29 greenfield FDI projects in H1 2025, it led in capital investment, drawing $1.05 billion—largely driven by a $953 million mixed-use development in Sharjah by Kuwait Real Estate Company and IFA Hotels. Other notable investments included a $346.6 million polyethylene film recycling plant in Sharjah by Italy's Greenthesis Group and the UAE's BEEAH, and a $127.1 million adhesives facility by H.B. Fuller in RAK's Al Hamra Industrial activities attracted $1.06 billion in FDI across just 22 projects, indicating a strategic focus on high-value sectors such as automotive, chemicals, and advanced materials. Construction projects, limited to just three, drew a significant $1.12 report also noted strong activity in sales and marketing operations, which accounted for 217 projects with comparatively modest capital inflows of $500 UK emerged as the leading source of greenfield FDI projects in H1 2025 with 120 projects, followed closely by India with 101 and the US with 94. However, in terms of capital investment value, Kuwait led with $955.7 million from just three projects—almost entirely driven by the $953 million investment by Kuwait Real Estate Company in Sharjah project. The US ranked second with $889.5 million, while India came third with $677.9 million. China contributed $413.2 million across 16 projects, and Italy invested $387.6 million through 18 projects. Source: Aletihad - Abu Dhabi
New Indian Express
29-07-2025
- Business
- New Indian Express
Deadline for submitting bids for TN's smart meter project extended to Aug
CHENNAI: The Tamil Nadu Power Distribution Corporation Limited (TNPDCL) has postponed, for the ninth time, the last date for submitting bids for the tenders it floated in mid-March for the key smart meters rollout project to August first week. Officials said that the present extension was mainly due to objections raised by a section of bidders regarding a Foreign Direct Investment (FDI) related clause. The previous extension mentioned the last date for bid submission as July 30 and opening date as July 31. These have now been respectively extended to August 4 and 5. A senior TNPDCL official told TNIE that the as per existing FDI rules, non-resident entities from countries sharing a land border with India, like China and Pakistan, can participate only with prior approval from the union government. However, the TNPDCL board initially introduced a special norm in the bidding document requirements (BQR) after getting approval from the Rural Electrification Corporation to this condition of prior approval from the centre.
Indian Express
24-07-2025
- Politics
- Indian Express
‘Bail can't be withheld as punishment': High Court grants relief to NewsClick founder
The right to personal liberty is 'not a casual right which can be tampered with without serious considerations', the Delhi High Court said on Wednesday as it granted anticipatory bail to NewsClick founder and editor-in-chief Prabir Purkayastha in two cases. The bench of Justice Neena Bansal Krishna granted protection from arrest to Purkayastha in the two cases from 2020 — a money laundering case by the Enforcement Directorate (ED) filed in September 2020, and another case registered by the Delhi Police's Economic Offences Wing (EOW), alleging violation of the Foreign Direct Investment (FDI) norms by NewsClick, in August 2020. Emphasising that 'bail cannot be withheld as a punishment', Justice Krishna referred to the jurisprudence laid down by the Supreme Court. 'Personal liberty is a precious Constitutional value and cannot be tampered with casually. The objective behind depriving an individual of his personal liberty must be founded on serious considerations. An accused, as a presumed innocent person, is entitled to present his case and establish his innocence,' the order underlined. While granting anticipatory bail in the EOW case, the court took into account that the probe in the case is still ongoing even as the offence was lodged in 2020. The HC also considered that Purkayastha had joined the probe whenever he was summoned and that the nature of evidence in the case is documentary in nature, leaving little likelihood of tampering of evidence. It also reasoned that he is 75, and there is little likelihood of him absconding. In the ED case, the High Court took into account that the probe in the predicate offence registered by the EOW remains pending till date and that there is also nothing on record to suggest that he had been called since 2023 ever to join the investigation. The HC also granted anticipatory bail to NewsClick editor Pranjal Pandey, booked in the EOW case, on similar grounds as Purkayastha. On August 26, 2020, an FIR was filed by the EOW under IPC sections 406 (punishment for criminal breach of trust), 420 (cheating and dishonestly inducing delivery of property), and 120B (punishment of criminal conspiracy) of the Indian Penal Code (IPC). As per the allegations in the FIR, foreign direct investment was received by PPK NewsClick Studio Private Limited, which owns the digital portal, from Worldwide Media Holdings LLC, US, during 2018-19, in violation of the FDI norms and other laws of the country. Based on the FIR, the ED initiated its probe in September 2021. Notably Purkayastha or Pandey were named in the EOW FIR. The two had moved the High Court for anticipatory bail after they apprehended arrest following CRPC section 41 (where police may arrest without warrant) notices issued to them in June 2021. In February 2021, separate ED teams had launched search operations at the portal's office at Saidulajab in South Delhi and at the homes of Purkayastha and Pande. In July 2021, the HC granted Purkayastha interim protection from arrest.
