Global Pulse

分类： business

  • Hub71 and UAE–India Cepa Council forge strategic partnership

    Hub71 and UAE–India Cepa Council forge strategic partnership

    In a landmark move to bolster innovation and economic collaboration, Hub71, Abu Dhabi’s premier global tech ecosystem, has entered into a strategic partnership with the UAE–India Cepa Council. This alliance, forged under the UAE–India Comprehensive Economic Partnership Agreement (Cepa), aims to accelerate trade, investment, and innovation between the two nations. The agreement was formalized during the Abu Dhabi Investment Forum (ADIF) in Mumbai, marking a significant step in operationalizing the innovation agenda of the Cepa.

    The partnership will facilitate a seamless pathway for high-potential Indian start-ups to enter, validate, and scale their operations in Abu Dhabi. As part of this initiative, Hub71 will support the UAE–India Cepa Council’s flagship Start-Up Series by offering structured market-entry assistance. Five winning start-ups from the Series, which culminates in New Delhi on November 25, 2025, will join Hub71’s Immersion Programme in 2026. This newly launched programme is designed to expedite market entry through a combination of virtual onboarding and in-person sessions in Abu Dhabi, complemented by curated knowledge sessions, mentorship, and access to Abu Dhabi’s tech ecosystem.

    Among the five start-ups, one will be selected to join Hub71’s Access programme, which provides tailored soft-landing support, enabling founders to explore market opportunities, engage with key stakeholders, and identify sustainable growth pathways across the region. The partnership underscores the shared ambition of the UAE and India to build a dynamic, interconnected start-up corridor that drives investment, technology exchange, and economic growth.

    Abdulnasser Alshaali, UAE Ambassador to India, emphasized the transformative potential of the Cepa, stating, ‘Innovation lies at the heart of this partnership, and the Start-Up Series showcases the depth of talent emerging from India. This collaboration with Hub71 strengthens our commitment to providing world-class platforms for founders to scale globally.’

    Ahmad Ali Alwan, CEO of Hub71, highlighted the initiative’s role in bridging innovation hubs and high-growth markets, while Ahmed Aljneibi, Director of the UAE-India Cepa Council, emphasized the tangible benefits for Indian founders and the broader economic impact of this collaboration.

    Since its inception in June 2025, the UAE-India Start-Up Series has attracted over 10,000 applications, reflecting strong demand for UAE expansion. The alignment of applicants with Hub71’s priority sectors—FinTech, HealthTech, AgriTech, mobility, and advanced technologies—demonstrates the strategic synergy between India’s innovation strengths and Abu Dhabi’s sector-focused agenda. This partnership not only streamlines market entry but also unlocks new investment flows, fostering a robust innovation corridor between the two economies.

    The agreement also establishes a framework for cross-referring high-impact start-ups, enabling soft landings in both Abu Dhabi and India. Referred founders will receive comprehensive support, including company setup, regulatory facilitation, mentorship, and access to investors and partners. Eligible start-ups may also benefit from grants, incentive programmes, and scaling opportunities, further enhancing the UAE-India innovation ecosystem.

    This collaboration is part of Hub71’s broader mission to position Abu Dhabi as a global launchpad for start-ups, fostering cross-border initiatives that translate bilateral cooperation into measurable technological and economic outcomes.

  • Video: Witnesses share final moments of Dubai Airshow jet crash to ‘aid investigation’

    Video: Witnesses share final moments of Dubai Airshow jet crash to ‘aid investigation’

    The Dubai Airshow, a global aviation spectacle, was marred by tragedy when a Tejas jet crashed during a display, resulting in the death of Wing Commander Namansh Syal, a highly skilled pilot from the Indian Air Force. Syal, a member of the No. 45 Squadron, the Flying Daggers, based at Sulur Air Base, was renowned for his exceptional flying skills, having captivated audiences at Aero India and numerous national airshows. The fatal incident occurred during an eight-minute aerial stunt when the jet nosedived, casting a somber shadow over the event and leading to a two-hour suspension of other displays. Witnesses have since shared videos of the final moments on social media, hoping to aid the investigation and pay tribute to the fallen pilot. Among them is Abdur Rahim, an ex-journalist turned plane videographer, who decided to post the footage publicly, believing it could assist in the inquiry. Dubai-based photographer Asif Ali also shared stunning images of the HAL Tejas LA-5026, highlighting the pilot’s incredible skill and confidence. The crash has left the aviation community in mourning, with many remembering Syal’s quiet confidence and professionalism. The incident underscores the inherent risks of aerial displays and the bravery of those who perform them.

  • Stablecoins could siphon off euro zone bank deposits, ECB warns

    Stablecoins could siphon off euro zone bank deposits, ECB warns

    The European Central Bank (ECB) has issued a stark warning about the growing influence of stablecoins, highlighting their potential to disrupt the financial stability of the euro zone. Stablecoins, digital assets designed to maintain a stable value, have surged in popularity, with their market value now exceeding $280 billion. While this figure remains relatively modest, the ECB emphasized that issuers of these coins have become significant buyers of U.S. Treasuries, raising concerns about their broader impact on global financial markets. In a recent Financial Stability Review article, the ECB noted that stablecoins are primarily used for trading crypto assets, accounting for approximately 80% of all transactions on centralized crypto trading platforms. The central bank warned that the rapid expansion of stablecoins could lead to significant outflows of retail deposits from euro zone banks, undermining a crucial funding source and increasing overall funding volatility. The ECB also highlighted the risk of investor runs on stablecoins, particularly given that the two largest stablecoins are among the top holders of U.S. Treasury bills. A sudden sell-off of these reserve assets could destabilize U.S. Treasury markets, with potential ripple effects on the euro zone. Additionally, the ECB cautioned that joint issuance of stablecoins by EU and non-EU entities could exacerbate redemption risks, as EU regulations are stricter and investors may prefer EU-issued tokens. This could leave EU issuers with insufficient reserve assets to meet combined redemption demands, amplifying financial instability within the region.

  • Etihad Airways to increase seats on route to Tokyo with new A380 service

    Etihad Airways to increase seats on route to Tokyo with new A380 service

    Etihad Airways has unveiled plans to introduce its Airbus A380 aircraft on its route to Narita, Tokyo, starting June 16, 2026. This strategic move aims to cater to the surging demand for travel between the UAE and Japan, particularly during the peak summer season. The double-decker aircraft will operate flights between Zayed Abu Dhabi International Airport (AUH) and Narita International Airport (NRT), offering passengers enhanced capacity and a premium travel experience. The A380, renowned for its spaciousness and luxury amenities, including the world’s only three-room suite in the sky, will join Etihad’s existing A380 network, which currently serves London, Paris, Toronto, and Singapore. Arik De, Chief Revenue and Commercial Officer at Etihad Airways, emphasized the significance of this expansion, stating, ‘The A380 is ideally suited to this route, given the robust business and cultural ties between the UAE and Japan. This initiative reflects our commitment to meeting customer demand and enhancing connectivity.’ The increased capacity is expected to attract more Japanese travelers to Abu Dhabi, whether as a stopover or a destination in its own right, further strengthening bilateral tourism and economic relations.

  • UAE flights: Air Arabia launches non-stop Sharjah–London service

    UAE flights: Air Arabia launches non-stop Sharjah–London service

    Sharjah-based budget airline Air Arabia has announced the launch of a new non-stop flight service connecting Sharjah International Airport to London Gatwick, set to commence on March 29, 2026. The service will operate twice daily, offering travelers enhanced connectivity and convenience between the United Arab Emirates (UAE) and the United Kingdom (UK). This strategic move underscores Air Arabia’s commitment to expanding its global network and strengthening its presence as a key player in the aviation industry. Adel Al Ali, Group CEO of Air Arabia, emphasized that the new route represents a significant milestone in the airline’s growth journey, providing customers with affordable and reliable travel options for both business and leisure purposes. Jonathan Pollard, Chief Commercial Officer at London Gatwick, highlighted the growing demand for Middle Eastern destinations and welcomed Air Arabia’s addition to the airport’s roster of carriers. The launch aligns with London Gatwick’s recent expansion, including the government-approved routine use of its Northern Runway, further enhancing its operational capacity.

  • Global Investors Forum 2025: A strategic platform connecting the GCC with Eurasia through a unified investment ecosystem

    Global Investors Forum 2025: A strategic platform connecting the GCC with Eurasia through a unified investment ecosystem

    The Global Investors Forum (GIF) 2025, set to take place in Tbilisi, Georgia, from December 4 to 5, 2025, is poised to become a landmark event in the global economic landscape. This premier investment platform will bring together over 1,500 participants, including 70 institutional investors, 50 international speakers, and delegations from more than 40 countries. The forum aims to foster collaboration between the Gulf Cooperation Council (GCC) countries and Eurasia through a unified investment ecosystem, focusing on key sectors such as sustainability, technology, tourism, digital assets, real estate, and agricultural technology. Organized in partnership with EurAsia Gulf and AGI Holding, and supported by the International Chamber of Commerce (ICC) and the Embassy of Georgia to the UAE, GIF 2025 will feature high-level panel discussions, investment showcases, and business matchmaking sessions. The event will also witness the signing of strategic Memoranda of Understanding (MoUs) between government and private investment institutions, aimed at creating cross-border financing channels in vital sectors like clean energy, sustainable technologies, and digital agriculture. Notable participants include Dr. Abdullah Belhaif Al Nuaimi, Chairman of the Sharjah Consultative Council (UAE), Dr. Taysir Al Khunaizi, Partner and Deputy CEO of the Georgia Saudi Investment Corporation, and Dr. Sadeddine Mneimne, Chairman of AGI Holding and Founder of the Global Investors Forum. The forum will also feature global leaders such as Aref bin Ali Al Abbar, President of the Hobbies Club in the UAE, and Arif Anis, an internationally recognized leadership expert. The event is expected to yield major investment agreements valued at hundreds of millions of dollars, with a strong emphasis on advancing green projects and financing innovation in renewable energy and digital infrastructure. The forum represents a significant step forward in advancing international cooperation between emerging markets and global investors, reinforcing the importance of economic collaboration in connecting the Middle East with Europe and Central Asia.

  • 470 new residents, only 150 homes a day: Dubai’s population outpaces supply

    470 new residents, only 150 homes a day: Dubai’s population outpaces supply

    Dubai is grappling with a significant housing crisis as its population growth continues to outstrip the supply of new residential units. According to the Dubai Data and Statistics Establishment, the emirate’s population surged by 17,660 in just one month, reaching 4.04 million by mid-November 2025. This influx of expatriates, professionals, and investors has created a demand for approximately 150 new homes daily, yet only 7,800 units were delivered in the third quarter of 2025, with another 14,900 expected in the fourth quarter. This annual total of 44,000 units falls short of the housing needs generated by the city’s rapid population growth.

    Experts warn that this imbalance is likely to persist for the next three to four years, driving up property prices and rentals. Ghassan Saliba, CEO of Stage Properties, emphasized that even the units currently being sold or released are insufficient to meet demand. He noted that the city’s infrastructure, including roads and bridges, is also under strain due to the growing population.

    To address the housing shortage, Dubai announced in March 2025 the allocation of land to develop over 17,000 affordable units across the emirate. Additionally, the government introduced initiatives such as the First-Time Home Buyer Programme, which offers eligible residents priority on new launches, preferential pricing, and easier mortgage pathways for homes valued up to Dh5 million.

    Despite these efforts, concerns remain about the long-term sustainability of Dubai’s housing market. The Dubai 2040 Urban Master Plan aims to increase the city’s population to 5.8 million by 2040, requiring an estimated 128,000 new residents annually. However, with current housing delivery rates at only half of what is needed, there is a risk that new residents and potential buyers may be priced out of the market, potentially limiting population growth in the future.

  • Dubai Airshow crash ‘isolated occurrence’; Tejas maker HAL issues statement

    Dubai Airshow crash ‘isolated occurrence’; Tejas maker HAL issues statement

    Hindustan Aeronautics Ltd (HAL), the manufacturer of the Tejas light combat aircraft, has described the recent crash during an aerial display at the Dubai Airshow as an ‘isolated occurrence’ caused by exceptional circumstances. The incident, which occurred on Friday, November 22, 2025, resulted in the tragic death of Indian Air Force pilot Wing Commander Namansh Syal. HAL emphasized that the crash would not affect its business operations, financial performance, or future deliveries. In a statement filed with the stock exchange, the state-owned company pledged full cooperation with the ongoing investigation and committed to keeping stakeholders informed of any significant developments. Despite the assurances, HAL’s stock experienced a sharp decline of approximately 9% in early trading on Monday, reflecting investor concerns. The Tejas, an indigenously developed multi-role combat aircraft, is designed for air defence, reconnaissance, and strike missions. The Indian Air Force has expressed deep regret over the loss and announced the formation of a court of inquiry to determine the cause of the accident. Wing Commander Syal’s last rites were performed in his native village of Patialkar, Himachal Pradesh, on Sunday.

  • US presses Europe on rules for big tech companies

    US presses Europe on rules for big tech companies

    US Commerce Secretary Howard Lutnick has emphasized the necessity for Europe to ‘reconsider’ its digital regulations if it seeks reduced tariff rates on its steel and aluminium exports to the United States. This statement was made during ongoing discussions between US and European Union officials in Brussels, aimed at reviewing the trade framework established in July. The initial agreement had set US tariffs on European products at 15%, a reduction from previously threatened rates, in exchange for European investment commitments and increased access for American agricultural products. However, disagreements persist over certain aspects of the deal. European officials had anticipated tariff relief for their metals exports, but the US continues to impose a 50% duty and has expanded the range of affected products. Additionally, Europe is seeking exemptions for items like wine, cheese, and pasta, similar to recent concessions granted for tropical fruit and coffee by the Trump administration. US Trade Representative Jamieson Greer highlighted that the US expects Europe to fulfill its promises of lowering tariffs on American goods before considering further exemptions. Both Greer and Lutnick stressed that US concessions on metals tariffs are contingent upon European adjustments to its digital regulations. Lutnick, in an interview with Bloomberg Television, underscored the importance of Europe understanding US digital companies and revising its regulations to be more accommodating. The US has consistently argued that Europe’s digital service taxes unfairly target American firms. US companies have also expressed dissatisfaction with the EU’s Digital Markets Act, which aims to enhance competition by imposing rules such as requiring Apple to ensure iPhone compatibility with third-party devices. While many tech firms had hoped for stronger advocacy from the Trump administration against these regulations, the Biden administration has largely left such disputes to the companies involved. European officials, including Trade Commissioner Maroš Šefčovič, have maintained that their digital rules are non-negotiable and not discriminatory against American companies.

  • China aims to cover key industrial emitters in carbon market by 2027

    China aims to cover key industrial emitters in carbon market by 2027

    China is accelerating its green transition by planning to integrate all major industrial emitters into its national carbon market by 2027. This ambitious initiative, led by the Ministry of Ecology and Environment (MEE), aims to leverage market mechanisms to drive significant reductions in carbon emissions. The expansion aligns with the Communist Party of China Central Committee’s recommendations for the 15th Five-Year Plan (2026-30), which emphasizes broadening the scope of the China Carbon Emission Trade Exchange to include additional sectors. Preparatory work is already underway to incorporate industries such as chemicals, petrochemicals, civil aviation, and paper manufacturing. Meanwhile, sectors like steel, cement, and aluminum smelting, which joined the market in March 2025, have received their quota allocation plans for 2024 and 2025. Key emitters in these industries must meet their 2024 compliance obligations by the end of this year, with 2025 quotas pre-allocated in the first half of 2026 and compliance due by year-end. Xia Yingxian, an MEE official, highlighted that this expansion will enforce emission reduction responsibilities and spur investment in low-carbon technologies. The ministry plans a phased approach, adding new industries only when they meet stringent data and emissions standards, ensuring the market’s effectiveness in achieving China’s climate goals.