Business

India Emerges as Leading Source of FDI in Dubai with $3 Billion Investment

Published

11 months ago

March 12, 2025

A report released on Tuesday reveals that India’s foreign direct investment (FDI) in Dubai skyrocketed to $3.018 billion in 2024, a remarkable increase from $589 million in 2023. This surge positions India as the leading investor in Dubai. Alongside India, the US, France, and the UK ranked as the top sources of FDI for the emirate.

India holds the top spot among source countries, with its FDI accounting for 21.5% of the total, followed by the US (13.7%), France (11%), the UK (10%), and Switzerland (6.9%), according to the Dubai Department of Economy and Tourism’s Dubai FDI Monitor.

While Greenfield FDI projects in 2024 were consistent with 2023 levels at 73.5%, reinvestment FDI projects saw a rise from 1.2% in 2023 to 3.3% in 2024. The number of Indian FDI projects announced also grew, increasing from 249 in 2023 to 275, allowing India to move up from third to second place in the project count rankings.

The report highlights that India’s investments are primarily focused in several key sectors. Business Services represented 26.9% of projects, followed by Software & IT Services at 23.6%, Consumer Products at 9.8%, Food & Beverages at 8.4%, and Real Estate at 6.9%. In terms of industry share, Real Estate dominated with a 51.4%, followed by Hotels and Tourism (9.5%), Transportation and Warehousing (8.4%), Business Services (6.4%), and Consumer Products (6.2%).

For the fourth consecutive year, Dubai has been recognized as the world’s top destination for attracting Greenfield FDI. Total estimated FDI capital rose by 33.2%, marking the highest single-year value recorded since 2020. In 2024, Dubai attracted AED 52.3 billion ($14.24 billion) in estimated FDI capital, which is up from AED 39.26 billion ($10.69 billion) in 2023, representing the highest annual FDI total for the emirate since 2020.

A historic milestone was achieved in 2024, with Dubai attracting a record-breaking 1,117 Greenfield FDI projects—the highest in its history. The emirate also announced 1,826 FDI projects, an increase of 11% from the 1,650 reported in 2023. “The city’s consistent recognition as the world’s No.1 destination for Greenfield FDI illustrates its capacity to not only establish new global benchmarks for sustained growth but also to adapt its investment framework in response to the evolving international market,” stated Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai.

Business

India May Buy More Oil From Venezuela Instead of Russia

Published

2 weeks ago

January 31, 2026

Namma Kudla

Business : The United States has told India that it can soon resume buying oil from Venezuela.The suggestion is part of a U.S. effort to reduce India’s dependence on Russian crude oil.

This pitch comes as India plans to cut Russian oil imports by several hundred thousand barrels per day in the coming months. Under the Trump administration, the United States had imposed a 25 % tariff on countries that bought Venezuelan oil, including India.

Now, the U.S. wants India to resume Venezuelan oil purchases to help diversify India’s energy sources. The United States is also trying to reshape energy ties with India as part of broader diplomatic engagement.

Venezuela’s interim president Delcy Rodríguez said she agreed with India on energy cooperation in a recent phone call with Prime Minister Narendra Modi. PM Modi said both sides agreed to deepen their partnership and expand cooperation in all areas.

Venezuela has the world’s largest proven oil reserves. Recently, Venezuela opened its oil sector to private investment to attract foreign capital and boost production.

India was one of the major buyers of Russian crude after the Ukraine war began in 2022. But India is now seeking alternative suppliers as part of its energy strategy.

Business

Chicken Prices Remain Stable in Local Markets

Published

2 weeks ago

January 27, 2026

Namma Kudla

Chicken prices remained stable in local markets today.Traders said there was no major change in rates.Consumers continued to make regular purchases.

Boneless chicken is priced at ₹210 per kilogram.Regular chicken is available at ₹160 per kilogram.Chicken liver is being sold at ₹120 per kilogram.

Country chicken is priced higher due to demand.It is selling at ₹360 per kilogram.Live chicken is available at ₹130 per kilogram.

Skinless chicken is priced at ₹200 per kilogram.Vendors said supply is sufficient in the market.They expect prices to remain steady in the coming days.

Customers expressed satisfaction with the current rates.Market officials said there is no shortage of chicken.

Business

Gold Prices Edge Up in India on January 19, 2026

Published

3 weeks ago

January 19, 2026

Namma Kudla

Gold prices in India recorded a slight increase on January 19, 2026, supported by global market trends, local demand, and movements in the rupee-dollar exchange rate.

As per market estimates, 24-carat gold, which is considered pure gold, is priced at ₹14,569 per gram, or ₹1,45,690 per 10 grams. 22-carat gold, commonly used for jewellery, is trading at around ₹13,355 per gram, or ₹1,33,550 per 10 grams.

The prices have risen marginally compared to the previous day. The increase is mainly linked to a weaker Indian rupee against the US dollar, which makes imported gold more expensive.

Gold rates vary slightly across cities such as Mangalore and other parts of the country. These differences depend on local taxes, transportation costs, jeweller margins, and regional demand.

Demand for gold remains strong due to the wedding season and festive buying, which continues to support higher prices. Investors also turn to gold during uncertain economic conditions, as it is seen as a safe-haven asset.

Experts say that global geopolitical developments, inflation concerns, and central bank policies are also influencing international gold prices, which in turn affect domestic rates.

Market participants expect gold prices to remain firm in the near term if the rupee stays weak and demand continues at current levels.