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The Ministry of Investment in the UAE and the Ministry of Electronics & Information Technology in the Republic of India have agreed on a Memorandum of Understanding, outlining plans for increased cooperation in the digital infrastructure sector.

On the first day of the World Governments Summit (WGS) 2024, Abu Dhabi’s Advanced Technology Research Council (ATRC) made a groundbreaking announcement, introducing the ‘ATRC Global Tech R&D Platform.’ This initiative aims to provide worldwide access to cutting-edge technology solutions, allowing countries to leverage the UAE’s technological expertise for addressing their unique challenges.

In what is considered a significant relief for Indian-born entrepreneur Bavaguthu Raghuram Shetty, commonly known as BR Shetty, an Indian High Court has declared the practice of allowing heads of public sector banks in India to issue lookout circulars (LOC) as invalid.

Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has highlighted the growing importance of the Arab region in an ever-changing global landscape. She has projected that the total GDP growth for the Middle East region will reach 2.9% this year, exceeding the figures from 2023.