India once again becomes the fastest growing economy
India has once again captured the status of being the world’s fastest growing economy in the October-December quarter. India has outdone China for the first time in the year as there was a rise in the government spending, manufacturing, and services.
Saudi’s recent Bankruptcy law clears the path for investments and large-scale projects
The new bankruptcy law of Saudi Arabia has raised the expectations of the foreign and local investors for a reliable framework that will reduce risks of conducting business in the Kingdom. This law will help improve the appeal of Saudi Arabia among global investors and will raise significant economic activity in the region as per the view of the analysts.
JAFZA Food and Beverage sector grows at a steady pace
The Jebel Ali Free Zone(JAFZA)’s Food and Beverage (F&B) sector which is a subsidiary of global trade enabler DP world witnessed a growth of 12 percent in 2017. The F&B sector companies rose from 507 to 570 in 2016 with 8,600 employees.
Historic Direct Trade Agreement between India and UAE
U.A.E. and India have made history made entering into an agreement which lets them conduct businesses on both sides by bypassing the US Dollar or any other currency. This agreement enables both the countries to trade directly in their currencies.