Dubai International Financial Centre (DIFC) is hoping to host 100 Indian companies in the free zone by 2024. That’s a five-fold increase on the 20 Indian firms registered at present. The move follows the August visit by Indian Prime Minister Narendra Modi to the UAE to increase bilateral trade with the country by 60% over the next five years. Over 40,000 companies in the UAE have been set up by non-resident Indians who contribute to an estimated $55 billion in investments.
China's ByteDance signs deal to form joint venture to operate TikTok US app
TikTok's Chinese owner, ByteDance, has said it has signed agreements with three major investors to form a joint venture to operate TikTok's US app led by American and global investors on Thursday.
India reviewing allegations of antitrust breaches by IndiGo
India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.
DXB and DWC boost winter schedules with new routes
Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.
Amazon in talks to invest in OpenAI
Amazon.com Inc is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.
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