Author: Central Bureau

The global real estate market is experiencing a period of adjustment, impacted by rising interest rates, inflated house prices, and economic uncertainties. However, a widespread crash similar to 2008 is not expected. Instead, economists predict a market correction. The impact will vary across regions, influenced by local economic conditions and housing supply and demand. Factors like housing shortages and government policies will also shape market trends. In contrast, the Indian real estate market is flourishing, with strong growth in both residential and commercial segments. Increasing demand, government initiatives, and substantial investments are driving this positive momentum. The sector is expected…

The global hydrogen market is expanding rapidly, driven by government initiatives, technological advancements, and industry collaboration. As a clean energy carrier with zero emissions, hydrogen is gaining traction in transportation, industry, and energy storage sectors. Government policies and incentives, coupled with breakthroughs in production and storage technologies, are propelling market growth. Strategic partnerships among industry players are fostering innovation and scaling up hydrogen projects. Investments in hydrogen infrastructure and technology are surging, with venture capital funding and government grants flowing into the sector. Major automakers are investing in hydrogen fuel cell vehicles, while industries are exploring hydrogen as a clean…

New Delhi: India experienced a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners during the fiscal year 2023-24, according to official data released today. The deficit increased with China, Russia, Korea, and Hong Kong compared to the previous year. However, the trade gap narrowed with the UAE, Saudi Arabia, Indonesia, and Iraq. China emerged as India’s largest trading partner, with bilateral trade reaching USD 118.4 billion, surpassing the United States. Trade with the US, which was India’s top trading partner in the two previous years, amounted to USD 118.28 billion. While India…

The global aerospace and defense (A&D) market, playing a crucial role in national security, technological progress, and economic growth, was valued at approximately $750 billion in 2022. It is expected to reach $1,388 billion by 2030, with an estimated annual growth rate (CAGR) of about 8.2% during the forecast period. Key Drivers of Growth: Increasing Defense Spending: As geopolitical tensions rise and nations prioritize their security, governments are allocating substantial budgets toward defense modernization and procurement. This heightened spending fuels the demand for advanced military aircraft, missiles, naval vessels, and other defense systems. Commercial Aviation Boom: The growing global population…

The global real estate industry faces mounting challenges in 2024 and beyond, navigating a complex landscape of economic volatility, geopolitical uncertainty, and evolving demographics. Economic Volatility: The global economic landscape is characterized by uncertainty due to inflation, rising interest rates, and geopolitical tensions. This volatility makes it difficult to predict market trends, secure financing, and maintain profitability. Interest Rates and Inflation: Sustained high interest rates and inflation are significantly impacting investment and pricing strategies across real estate markets, posing challenges for both buyers and sellers. Geopolitical Uncertainty: Political events, such as elections and shifting international relations, are adding to the…

India is seeking an exemption from the proposed carbon tax by the UK as part of the ongoing free trade agreement negotiations. This request comes as both countries rush to finalize the deal before the upcoming UK elections. The Indian delegation arrived in London this week for unexpected discussions aimed at resolving key issues impeding the agreement. Prime Minister Rishi Sunak, whose Conservative Party faces challenging polls in the upcoming UK elections, is eager to secure the trade deal swiftly. Indian negotiators are using the limited time frame before the UK elections as strategic leverage, pointing out that the Indian…

The VAP Group is gearing up to host the Global AI Show, a premier event bringing together the brightest minds in artificial intelligence (AI) on April 16th and 17th, 2024, at the Grand Hyatt Dubai. Official Website: GlobalAIShow.com This landmark event boasts the largest dedicated AI exhibition space in the region, spanning an impressive 12,000 square meters. Attendees can expect to interact with over 300 speakers, including the renowned Sophia, the Humanoid Robot, serving as the official AI brand ambassador for Hanson Robotics. Industry leaders like Dr. Salim Al-Shuaili, Director of AI & Advanced Technologies Projects at the Omani Ministry…

The United Kingdom has ascended to the status of the world’s fourth largest exporter, driven by a significant upswing in the services sector. This leap from seventh place in 2021 to fourth in 2022 was confirmed by the United Nations, marking a notable advancement in the country’s global trade position. The latest data from the United Nations Conference on Trade and Development (UNCTAD) reveals that the UK has surpassed France, the Netherlands, and Japan, trailing only behind China, the United States, and Germany. This development is a testament to the UK’s growing influence in the global trade arena, particularly in…

Geneva: The World Trade Organization (WTO) has officially opened online registration for the 2024 Public Forum, set to take place at its Geneva headquarters from September 10th to 13th. This year’s theme, “Re-globalization: Better Trade for a Better World,” aims to address the challenge of making global trade more inclusive and ensuring the widespread distribution of its benefits. The forum will delve into the impact of digitalization, services, and sustainability in achieving these goals. About the WTO Public Forum The Public Forum is the WTO’s largest public event, bringing together government officials, business leaders, academics, and civil society to discuss…

Tashkent: The possibilities of enhancing Uzbekistan and Kyrgyzstan connectivity across all sectors are being discussed at high levels. This dialogue came to light during a meeting between Zafarbek Akhmedov, the Consul General of Uzbekistan, and Timur Madanbekov, the director of the Osh branch of Manas International Airport. The meeting underscored the growing movement of citizens, business representatives, and tourists across the borders of the two nations, propelled by the rapid development of cooperation in trade, economics, education, science, and culture. This increased cross-border movement has led to a rise in the number of Kyrgyzstan residents visiting Uzbekistan’s historical cities and…