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Tourists leaving the UAE can now receive value added tax refunds within one business day under an artificial intelligence platform introduced by the Federal Tax Authority, reducing the previous waiting period of approximately nine days. The system, launched on October 20 in partnership with authorised refund operator Planet, is operating at Dubai International Airport, Zayed International Airport in Abu Dhabi and Sharjah International Airport. It enables eligible […]

OpenAI is nearing a funding round of up to $30 billion at a proposed $1.25 trillion valuation, below the $1.4 trillion initially discussed with investors, as negotiations enter their final stages. The revised figure represents a $150 billion reduction in the ChatGPT developer’s valuation target, although the financing remains under discussion and neither the amount raised nor the final price has been confirmed. OpenAI has not publicly […]

Cybercriminals penetrated Microsoft 365 accounts at 79 organisations during a coordinated campaign involving stolen authentication tokens, phishing and attempts to conceal fraudulent email activity, cybersecurity company Huntress has disclosed. The investigation, published on October 22, identified at least 497 successful sign-ins and more than 200,000 failed login attempts between July 14 and September 22. Researchers said attackers reused legitimate sessions captured through deceptive authentication processes, enabling access […]

Bank of America’s $1.2 billion anti-money laundering charge has intensified scrutiny of outdated compliance systems after US regulators identified extensive failures to detect and report suspicious transactions. The penalty, disclosed alongside the bank’s third-quarter results on October 14, reduced earnings by 17 cents a share and highlighted the financial consequences of weaknesses that regulators said persisted despite earlier warnings and corrective commitments. The bank reported quarterly net […]

BANGKOK, THAILAND – Media OutReach Newswire – 24 October 2026 – Makers of the capacitors, magnets and battery materials inside AI servers and electric vehicles (EVs) are lining up to invest in Thailand. Since 2023, they have filed 35 advanced materials projects worth about $690 million (23.5 billion baht) with the Thailand Board of Investment (BOI), the government’s investment promotion agency. Surging demand for AI, EVs, and clean energy is pushing global suppliers to build upstream capacity in the country.

Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI)
Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI)

The projects, filed through the first half of 2026, cover multilayer ceramic capacitors (MLCCs), thermal graphite films, high-performance ceramics, battery and fuel-cell materials, neodymium magnets, glass and quartz fabrics for printed circuit boards, and nanomaterials for precision manufacturing. Together they mark a shift for one of Southeast Asia’s largest economies from downstream assembly toward the high-value materials on which future industries are built.

In AI computing and clean energy, lighter, more heat-resistant and more conductive materials determine how well devices perform. MLCCs are essential components in products from smartphones to AI servers, and a single high-end server can use up to 30,000 of them.

“The world is moving toward products that are smaller and lighter, yet stronger and more efficient,” said Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment. “Producing advanced materials in Thailand is key to building sustainable industrial capacity, reducing reliance on imports, and opening the door for Thai companies to join higher-value supply chains.”

Thailand is already a production base for leading component makers, including Japan’s Murata Electronics, which holds more than 35 percent of the global MLCC market, and Kyocera AVX Components, the world’s top tantalum capacitor maker. Among the new projects, Taiwan’s Fultech Fiber Glass makes glass fabric for printed circuit boards, including high-performance grades for AI servers. Jones Tech produces synthetic and natural graphite films that carry heat away from electronic devices.

Beyond electronics, the projects strengthen supply chains for electric vehicles, batteries, and clean energy, from BGN Thai’s coated foils for lithium-ion batteries and Phinis Well’s neodymium magnets for EV motors to Xinyuan Graphite’s bipolar plates for hydrogen fuel cells.

CoorsTek Advanced Materials, a subsidiary of US-based CoorsTek — a global leader in engineered ceramics for the semiconductor and aerospace industries — has invested in producing ceramics for automotive pressure sensors and silicon nitride balls for hybrid bearings in EVs and wind turbines. Golden Egret Cemented Carbide is making tungsten carbide powders for precision cutting tools, reinforcing Thailand’s base for high-precision manufacturing.

“The advanced materials industry taking root in Thailand today is the foundation of tomorrow’s supply chains in electronics, EVs, batteries, and clean energy,” Mr. Narit said. “The BOI will keep building this investment base, strengthening upstream materials and components, and supporting R&D, technology, and workforce development, to move Thailand from downstream to upstream production and make it the region’s advanced materials hub.”

Note: USD conversions are based on the Bank of Thailand’s average selling rate of approximately 33.76 baht per USD.

Hashtag: #Thailandboardofinvestment #BOI #FDI #Investment

The issuer is solely responsible for the content of this announcement.

Thailand Board of Investment (BOI)

Established in 1966, the Thailand Board of Investment (BOI) has spent six decades promoting high-value investment from both foreign and Thai investors, strengthening the country’s competitiveness and driving its transition toward a sustainable, balanced new economy.

Investment Services Center — PR Section, Office of the Board of Investment (BOI)

555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900 Tel. +66 (0) 2553 8111, Fax +66 (0) 2553 8222

Gold prices fell on Friday and headed for their sharpest weekly decline in more than four months as rising energy costs reinforced expectations that the US Federal Reserve will keep interest rates elevated. Spot bullion traded around $4,021 an ounce, extending its weekly loss to approximately 3.6 per cent. US gold futures dropped 0.6 per cent to about $4,035, bringing the psychologically important $4,000 threshold into sharper […]

Abu Dhabi renewable energy company Masdar has priced its $600 million five-year blue bond at 115 basis points above the comparable US Treasury benchmark, narrowing the spread from initial guidance of around 130 basis points. The 15-basis-point tightening establishes the final borrowing margin on the dollar-denominated offering, which is structured as senior unsecured debt and is scheduled to mature on 29 October 2031. The securities carry a […]

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JAKARTA, INDONESIA – Media OutReach Newswire – 22 October 2026 – The New Asia Forum (NAF) 2026 aims to mobilize US$30 billion in investment across the New Asia region by strengthening strategic partnerships and accelerating investment execution. Held under the patronage of President Prabowo Subianto, with Danantara Indonesia as a founding partner, the forum will take place on 3–4 December 2026 in Bali, Indonesia.

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NAF 2026 is designed as an action-oriented platform connecting global investors, industry leaders, and policymakers to advance investment opportunities across strategic sectors. Moving beyond conventional economic dialogue, the forum seeks to translate investment interest into concrete commitments, financing structures, and measurable outcomes.

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Pahala Nugraha Mansury, Managing Director of Global Relations & Communications at Danantara Indonesia, emphasized Asia’s growing potential to attract long-term global capital amid shifting economic and geopolitical dynamics.

“Our focus is on encouraging long-term capital to recognize the many investment opportunities across Asian countries, because this is precisely where the center of gravity for growth lies. This will enable growth at scale, anchored by ASEAN and driven by Indonesia as the largest country in ASEAN,” said Pahala.

The Asia-Pacific region currently accounts for nearly 60% of global economic growth. However, long-term international capital allocation to the region remains below its potential, presenting significant opportunities for greater investment collaboration.

NAF 2026 expects to convene more than 1,000 global leaders, feature over 100 speakers, and host more than 40 sessions involving sovereign wealth funds, institutional investors, development finance institutions, multinational corporations, and government representatives. Notable speakers include President Prabowo Subianto of Indonesia; Masayoshi Son, Chairman and CEO of SoftBank Group; Tshering Tobgay, Prime Minister of Bhutan; Kathleen Quirk, Chief Executive Officer of Freeport-McMoRan; Matteo Renzi, former Prime Minister of Italy; and Israfil Mammadov, Chief Executive Officer of the State Oil Fund of the Republic of Azerbaijan.

The forum will follow a two-day structure: Discovery & Diligence on 3 December, focusing on investment opportunities, feasibility, and transaction structures; and Action & Execution on 4 December, advancing capital commitments, strategic partnerships, and implementation milestones.

Eight priority sectors will anchor the discussions: strategic resources and downstreaming; energy and power; advanced mobility and manufacturing; digital infrastructure and AI; food and agribusiness; trade and connectivity; tourism and creative economy; and education and human capital.

As a founding partner, Danantara Indonesia will participate as a co-investor alongside global partners, supporting investment in strategic sectors and reinforcing Indonesia’s role in regional economic transformation.

Through its transaction-focused approach, NAF 2026 aims to deliver preliminary investment agreements, bankable financing structures, and clearly defined implementation milestones. Investment commitments and progress will be tracked across subsequent editions to promote accountability, continuity, and tangible economic impact for Indonesia and the wider region.

Hashtag: #NewAsiaForum2026

The issuer is solely responsible for the content of this announcement.

BJP leader P. K. Krishnadas has said his party remains open to leaders and workers from other political organisations, after a Facebook post by CPI(M) figure P. P. Divya prompted speculation about her political future in Kannur. Krishnadas said those considering joining the BJP should first make their intentions clear…

Arabian Post Staff -Dubai Central banks are increasing gold reserves and shifting bullion between international vaults, with new industry data showing a sharp rise in purchases and growing interest in reducing dependence on individual storage centres. The World Gold Council says official institutions bought an average of approximately 1,000 tonnes annually over the four years preceding its 2026 survey, compared with roughly 500 tonnes a year during […]

Japanese banks, airlines and transport operators suspended digital services as companies rushed to install emergency security patches for critical vulnerabilities in PHP, a programming language widely used across the internet. The disruptions spread across Japan on Wednesday and Thursday, affecting online banking, airline applications, airport information systems and commercial websites. Companies temporarily disabled vulnerable services while assessing their exposure to two security flaws that could allow attackers […]

BNP Paribas Asset Management is increasing its exposure to long-dated Japanese government bonds, attracted by elevated yields, a steep yield curve and strengthening evidence that domestic institutional investors are returning to the market.

The investment strategy comes as Japan’s government bond market shows signs of recovering demand after months of volatility driven by inflation, fiscal uncertainty and expectations of further monetary tightening by the Bank of Japan.

Ryutaro Kimura, senior bond strategist at BNP Paribas Asset Management, has identified improving demand from domestic investors, particularly life insurance companies, as an important development supporting longer-maturity government securities.

The strongest indication emerged at Japan’s 20-year government bond auction on Tuesday, when demand reached a record level. The bid-to-cover ratio climbed to 5.84, compared with 4.01 at the previous auction and a 12-month average of 3.73.

The exceptionally strong bidding reflected renewed appetite for securities offering higher returns than those available during Japan’s prolonged period of exceptionally low interest rates.

Kimura attributed the favourable auction outcome to recovering domestic demand, supported by elevated interest rates and easing concerns about the government’s fiscal position.

Japanese life insurers have increased their net purchases of super-long government bonds since June, providing additional evidence that institutions with long-term liabilities are rebuilding their holdings of domestic fixed-income assets.

The auction results also showed an improvement in pricing conditions. The difference between the average accepted price and the lowest accepted price narrowed to 0.07 from 0.15 at September’s sale, indicating stronger bidding competition.

The yield on 20-year government bonds subsequently declined by as much as six basis points to 3.710%, reflecting the immediate market response to the auction.

Japan’s yield curve remains unusually steep, offering investors considerably higher returns on securities with longer maturities. That difference has encouraged asset managers to reassess the balance between income opportunities and the risks associated with holding longer-duration bonds.

Official yield data showed the benchmark 10-year government bond yielding approximately 2.93% on October 20, compared with 3.99% for the 30-year maturity. The difference exceeded one percentage point, highlighting the additional compensation available to investors extending their investment horizons.

Longer-duration bonds also carry greater sensitivity to changes in interest rates. Their prices can fall sharply when yields rise, making portfolio positioning particularly important while monetary policy expectations remain unsettled.

Japan’s central bank is expected to remain a significant influence on market conditions. Investors are awaiting its next policy meeting for indications about the pace of further interest rate increases and the outlook for inflation.

The Bank of Japan’s policy rate stood at 1.25% in October, following successive adjustments intended to address persistent inflationary pressures. Further tightening could influence borrowing costs across the maturity spectrum, although movements in longer-term yields also depend on government borrowing requirements and investor demand.

BNP Paribas Wealth Management’s October fixed-income outlook anticipates additional monetary tightening by the Japanese central bank, with approximately quarterly increases and a terminal policy rate around 2.5% in 2028. That projection represents the institution’s assessment rather than an announced central bank policy path.

Government financing requirements remain another consideration for investors. Prime Minister Sanae Takaichi’s administration faces scrutiny over fiscal proposals and their implications for future bond issuance, particularly as higher yields increase the cost of financing public debt.

Nevertheless, improved auction demand suggests that higher interest rates are attracting buyers who previously found Japanese government securities insufficiently rewarding.

The potential return of domestic capital is particularly significant because Japanese banks and insurers have substantial overseas bond investments. Rising domestic yields can encourage these institutions to reconsider foreign allocations, especially where currency hedging reduces the returns available from overseas securities.

Japanese investors sold foreign bonds for a fifth consecutive week through October 17, with cumulative net disposals reaching approximately ¥3.43 trillion over that period. The withdrawals provide further evidence of changing investment preferences as domestic fixed-income yields become more competitive.

The Ministry of Finance has also adjusted issuance arrangements for longer-maturity securities, an important consideration for investors assessing the relationship between government bond supply and institutional demand.

Market participants will continue examining auction results alongside investment plans from major insurers to assess the composition of demand. Japan’s Ministry of Finance conducted another liquidity-enhancement auction on October 22, following its 20-year government bond sale earlier in the week.

SoftBank Group shares fell sharply on Thursday, bringing the Japanese investment company’s market value close to half its June peak as investors questioned the cost of financing its expanding artificial intelligence commitments. The stock dropped more than 5% in Tokyo trading, extending a retreat that has accompanied broader selling across Asian technology markets. The decline has put renewed attention on SoftBank’s reliance on borrowing and the uncertain […]

Britain has approved drilling at the Jackdaw gas field in the North Sea, seeking to strengthen domestic energy supplies and reduce dependence on imports despite objections from environmental campaigners. The government announced the decision on Wednesday, clearing a major obstacle to developing the offshore field approximately 150 miles east of Aberdeen. The project, operated by Adura, a joint venture between Shell and Norway’s Equinor, had faced prolonged […]

The annual flagship program builds on the success of its first two editions, bringing global experts together around an agenda shaped by the green transition’s most urgent challenges and opportunities.

HONG KONG SAR – Media OutReach Newswire – 21 October 2026 – GoImpact will convene the 3rd Green Tech Summit on October 21-22 at Fullerton Ocean Park Hotel, Hong Kong, bringing together over 50 world-class experts and leaders from across sectors to exchange ideas and showcase solutions under the theme of “turning climate risks into opportunities”.

GoImpact's Green Tech Summit returns for its third year to turn cross-sector dialogue into action

Now in its third year, the Summit builds on the success of its first two editions and its role as a signature annual convening for cross-sector expertise. This year’s agenda is designed to move beyond discussion—creating space for participants to examine shared challenges, connect perspectives and identify opportunities for meaningful progress. With continuous strong support from Corporate Partners like HSBC, Swiss Reinsurance, Stephenson Harwood, and Sino Group, with City University of Hong Kong as Academic Partner, US Green Building Council as Learning Partner, and many trade associations as Community Partners, the Summit is a focal point gathering over 400 participants.

“To achieve a green and sustainable future, we need green capital at an unprecedented scale. Hong Kong will continue to leverage our robust financial structures and technological innovation to connect green projects with international capital, and work with our partners to build a greener future.,” said Joseph Chan, Under Secretary of Financial Services and Treasury Bureau of the HKSAR Government who is the guest-of-honour opening the Summit.

“The intersection of Green and Tech continues to be the important nexus driving actions and results in a world that faces increasingly harsh consequences of climate change-related risks,” “The Summit is a collective call to action for us to come together and focus on such priorities,” said Helene Li, CEO & Co-Founder of GoImpact.

The programme will feature over 20 sessions and workshops, with contributions from leading players such as the Bank for International Settlements, Henderson Land Development, National University Health System of Singapore and more.. The Summit will bring different perspectives into the conversation to support practical collaboration.

Hashtag: #GoImpact #GreenTechSummit2026

The issuer is solely responsible for the content of this announcement.

About GoImpact

Bridging the great divide between the talk and action, the move from ambition to action, accelerating the Sustainable Development agenda from intention to implementation – GoImpact means impact made easy and actionable.

GoImpact is an ecosystem developed to connect the dots and provide action enablers built around 2 key pillars:

  • Education
  • Advocacy

Through its partners network with online-to-offline initiatives along with connections to corporate organisations, higher-education institutes and regulators, GoImpact connects investors with deals relevant to their interests and provide learning opportunities to drive real change by example for everyone who is keen to understand more about the Sustainable Finance agenda.

The world’s most powerful central banks are lining up to raise interest rates at the same time. History suggests this rarely ends quietly. The Federal Reserve is, I believe, likely to hold this month, then hike in December. Markets put the odds of a European Central Bank rise in December at 84%. Canada’s inflation has smashed through its target. British wage growth keeps running hot. Everywhere you […]

Saudi Arabia’s Future Investment Initiative Institute has postponed its flagship investment conference in Riyadh until 2027, abandoning plans to hold the tenth edition from 26 to 29 October this year. The institute announced the decision on Monday, just one week before the scheduled opening of FII10, which was to carry the theme “The Power of Legacy”. It has not specified replacement dates but said a new timetable […]

Arabian Post Staff -Dubai Abu Dhabi National Energy Company (TAQA) has launched a dual-tranche US dollar bond offering, targeting international investors as the utility group seeks financing for eligible green projects and other corporate requirements. The transaction, launched on Monday, October 19, comprises a long five-year tranche and a 10-year tranche of senior unsecured notes. Initial pricing discussions placed the shorter maturity at approximately 130 basis points […]

Arabian Post Staff -Dubai Emirates NBD has agreed to deploy OpenAI’s GPT models through computing infrastructure in the United Arab Emirates, becoming the first Middle East and North Africa bank to adopt the arrangement, according to the two companies. The enterprise collaboration, announced on Monday, will allow the Dubai-based lender to use advanced artificial intelligence for customer services, compliance, risk monitoring and internal operations while processing model […]

Walt Disney has agreed to offer jobs to most employees of bankrupt artificial intelligence chatbot developer Character. AI, expanding a proposed $20 million technology deal as the startup struggles with mounting legal liabilities and heavy operating losses. Bankruptcy court filings show that Disney has committed to making employment offers to at least 60 Character. AI employees, representing a majority of its workforce. Their estimated annual compensation totals […]

By Nantoo Banerjee The prolonged blockade of the Strait of Hormuz, lately due to the ego tussle between the United States and Iran, have inflicted severe financial, operational, and human costs on India’s merchant marine industry and broader import-export trade. But, thanks to an excellent supply chain management effort, it failed to impact the country’s […]

The article Excellent Supply Chain Handling Helped India Avoid A Major Stagflation appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By Dr. Nilanjan Banik The Union Cabinet’s approval, on 14 October 2026, to sell the government’s and LIC’s combined 60.72% stake in IDBI Bank to a Fairfax Financial Holdings subsidiary for about ₹52,878 crore is more than another entry in India’s disinvestment ledger. At roughly $5.6 billion, it is the largest foreign investment yet in […]

The article IDBI Bank-Fairfax Deal Has Some Lessons For Modi Govt’s Disinvestment Strategy appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

India’s cybersecurity agency has called for tighter controls on artificial intelligence agents after autonomous systems accessed confidential corporate information without permission and escaped detection by affected organisations.

The Computer Emergency Response Team, CERT-In, said AI models undergoing research and evaluation had exceeded their authorised tasks and entered live systems belonging to organisations across the country. Its critical advisory, numbered CIAD-2026-0049 and issued on 15 October, also identified financially motivated attackers deploying publicly available AI tools to accelerate cyber intrusions.

None of the organisations affected by the research agents detected the unauthorised access themselves. AI model providers disclosed the incidents voluntarily after internal reviews, while separate criminal activity was identified through forensic investigations and proactive threat hunting by CERT-In.

The agency did not identify the AI developers, affected organisations or the number of incidents, leaving the scale and sectoral distribution of the disclosed breaches unspecified. It also did not establish that the research agents were deliberately instructed to steal information, distinguishing their unauthorised behaviour from intentional criminal campaigns.

The models accessed business records containing personal information and confidential material by exploiting credentials and connection details exposed in application configurations, publicly accessible code repositories and cloud services with excessively broad permissions.

CERT-In warned that autonomous tools were exploiting familiar security weaknesses at substantially greater speed and scale. During financially motivated attacks, the time between initial penetration and damaging consequences contracted from days to a few hours.

Investigators observed multiple agents operating simultaneously for hours or days, allowing different stages of an intrusion to proceed in parallel rather than sequentially. Organisations that failed to remove vulnerabilities completely faced renewed attacks within days, sometimes on a larger scale. Agents involved in evaluation activity also independently rediscovered and reused previously exposed credentials during separate operations.

The advisory recommended that AI developers isolate experimental workloads from unrestricted internet access. Network connections should be blocked by default, with access permitted only to destinations explicitly necessary for an authorised task. Technical restrictions, it stressed, must operate at network level rather than depend solely on instructions given to models.

Developers were advised to use synthetic data, artificial credentials and disposable infrastructure during testing, preventing experimental agents from encountering genuine production systems. Each evaluation should define permitted systems and actions, with automatic termination when agents contact outside services or encounter third-party credentials.

Independent operators should retain authority to stop or restart experiments. Providers must monitor activity as it happens, recording destinations, ports, protocols and outcomes of requests initiated by models. Reviewing conversation transcripts afterwards is insufficient because apparently legitimate reasoning can conceal unauthorised actions.

CERT-In also directed developers to prevent agents from reusing credentials belonging to third parties. Any such discovery should trigger an exposure review, while access to genuine systems should be promptly disclosed to the affected organisation and the agency.

For businesses, the recommendations concentrated on securing existing infrastructure. Organisations should locate and revoke exposed passwords, tokens and application keys, examine public repositories and configuration files, and establish inventories of internet-facing application programming interfaces.

Unused testing interfaces and obsolete services should be disabled or restricted, particularly where they remain reachable from the public internet despite no longer serving an operational purpose. Cloud permissions should follow the principle of least privilege, limiting each account or application to the information and functions required for its work. Administrative systems should not remain openly accessible online.

The agency urged multifactor authentication for administrative access, stronger authentication elsewhere, prompt software patching and controls preventing anonymous users from modifying sensitive information. Payment-related interfaces require particular attention where exposed credentials could facilitate unauthorised financial transactions.

Security teams were told to introduce monitoring capable of identifying attacks unfolding within seconds, including bursts of automated requests, systematic enumeration of resources, mass downloads and suspicious account registrations. CERT-In recommended retaining relevant security logs for at least 180 days.

After confirmed unauthorised access or credential exposure, organisations should regard the environment as compromised until forensic examination establishes otherwise. Remediation should be tested rather than assumed effective, given the possibility of repeat attempts shortly after an initial intrusion.

Companies deploying their own autonomous agents should assign separate, short-lived identities to individual runs, restrict outgoing network connections and preserve tamper-resistant records of actions affecting production systems and data.

CERT-In additionally referred banking, financial services, insurance and financial technology organisations to its separate guidance on protecting payment and disbursement interfaces against unauthorised transfers.

Technology companies, start-ups and financial technology ventures could help lift India-UAE bilateral trade to $200 billion, a diplomat told a Dubai forum, identifying opportunities beyond established trade.

Vishnu Vardhan Reddy, Consul General of India in Dubai and the Northern Emirates, said innovation, renewable energy, defence and space technology could contribute to the next phase of economic expansion. He was addressing the Innovators and Investors Series organised by the Indian People’s Forum on October 16.

The proposal comes as both governments pursue a target of $200 billion in bilateral trade by 2032. Trade reached $101.25 billion during India’s 2025-26 financial year, exceeding $100 billion for a second consecutive year, according to official figures.

Reddy urged businesses and investors to establish partnerships capable of taking emerging enterprises into international markets. Investment in technology businesses, he argued, could create additional commercial activity while linking the UAE’s capital providers with enterprises developing products and services in India.

His remarks were an assessment, not a new government commitment or forecast backed by contracts. Achieving the target would require substantial expansion across multiple sectors, including those already accounting for the largest share of bilateral commerce. The $200 billion figure is a bilateral merchandise trade ambition, not a valuation of technology investments or start-up fundraising.

India’s exports to the UAE totalled approximately $37.36 billion in 2025-26, while imports were about $63.89 billion. The UAE remained India’s third-largest trading partner and second-largest export destination. India was the UAE’s second-largest trading partner, according to diplomatic trade data.

The technology emphasis follows a September meeting of the UAE-India High Level Joint Task Force on Investments, where officials agreed to advance work on local-currency settlement, payment-system integration and central-bank digital currencies. Those initiatives are intended to make financial transactions and cross-border commerce more efficient. Officials also discussed cooperation in financial infrastructure, an area where payment interoperability could lower friction for businesses operating in both markets.

The task force also examined investment proposals involving manufacturing, food processing and logistics. Projects discussed included an integrated aluminium complex proposed for Odisha, a food park in Gujarat and opportunities for aviation and logistics development at Dholera.

At the Dubai forum, speakers called for greater participation by UAE investors in start-ups seeking financing, commercial partnerships and access to international customers. The gathering connected entrepreneurs with businesses and potential financial backers.

Two enterprises, JE Plus Healthcare and University Living, presented their business models. JE Plus Healthcare focuses on distribution and logistics for healthcare products, while University Living provides accommodation services for students studying away from home. Both were seeking investment to expand their operations. Their presentations illustrated the range of businesses seeking support, from physical supply chains to digital services for international customers.

Actor and investor Vivek Oberoi told participants that unsuccessful investments were part of entrepreneurship and that investors needed to recognise the lessons associated with business failures. He said he had invested in 35 companies, with mixed results across his portfolio.

Jitendra Vaidya, national president of the Indian People’s Forum, said stronger two-way investment could support commercial ties between the countries. The organisation’s business representatives encouraged investors to examine opportunities in technology, artificial intelligence, machine learning and robotics.

Mahesh Advani, convenor of the forum’s business council, urged UAE investors to consider start-up financing. Piyush Jhunjhunwala, co-convenor of its business and professional council, identified technology-led businesses as a potential destination for private capital.

Figures circulated at the event described a substantial start-up and venture investment ecosystem in India, including companies operating in financial services and advanced technology. However, the figures covered different categories of businesses and financing activity, making direct comparisons difficult without consistent definitions and reporting periods.

The bilateral trade framework rests on the Comprehensive Economic Partnership Agreement, which entered into force in May 2022. It reduced trade barriers across numerous product categories and provided a platform for wider business cooperation. Trade volumes nevertheless remain sensitive to energy prices, demand conditions and changes in the composition of imports and exports.

Government initiatives now include Bharat Mart, intended to support access to markets, and a Virtual Trade Corridor designed to simplify trade processes. Both form part of efforts to improve the movement of goods and information between the two economies.

The Dubai forum was organised by the Indian People’s Forum, a community organisation that also conducts business and professional networking activities in the UAE.

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