Investment and energy headlines aplenty

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WHAT WE’RE TRACKING TODAY

THIS MORNING: Beijing demands FDI reciprocity as India’s rare earth squeeze continues + State Bank of India backs fresh consolidation drive to build scale

Good morning, wonderful people, and welcome to a fresh workweek. It’s shaping up to be an investment-heavy week amid news that more Indian firms are looking at investment in Saudi Arabia to mitigate global risks — and as Beijing uses critical minerals to squeeze New Delhi for concessions on FDI.

Energy is also in the headlines: Adani Group is lining-up clean-energy investments worth INR 630 bn (USD 7.1 bn) in three projects, IGL’s partnership with Masah is taking India’s city-gas operator to MENA, and the government is looking to list its renewable firm.

MEANWHILE- SBI has joined the chorus on bank mergers, and Adani Group secures projects.

^^ We have the rundown on all of this below.

WATCH THIS SPACE-

#1- China is pressing New Delhi to ease restrictions on its foreign direct investment as a condition for lifting export curbs now faced by Indian manufacturers on rare earth minerals and auto components, Hindu Businessline reports. The Chinese embassy, in a meeting with Indian EV manufacturers, signalled that India’s virtual ban on Chinese investment must be addressed before special export licences for rare-earth magnets can resume.

The FDI restrictions, commonly known as Press Note 3 rules, were imposed after the 2020 border clashes and require additional government approvals for all Chinese investments.

REMEMBER- Since April, Beijing has required special licences for seven elements, forcing some Indian firms to cut down production. Sales remain on hold despite assurances from New Delhi that change is in the works. Chinese officials told the industry delegations that visiting Chinese suppliers “will not help” until the policy deadlock is resolved by the government of India, the daily added. Beijing’s stance dims hopes of near-term relief for India’s EV and auto sectors, which have been pushing for access to key magnets even as New Delhi weighs national-security considerations.

WHY IT MATTERS- A rare FDI logjam: Press Note 3 mandates prior government approval for any foreign investment from countries sharing a land border with India. While not naming China, the rule effectively puts inbound Chinese capital under an additional layer of tight scrutiny, slowing approvals for acquisitions, greenfield projects, and imports from Chinese firms.

#2- State Bank of India (SBI), India’s largest lender, is backing a fresh phase of bank mergers in support of a drive by the Modi government to create globally competitive, large-scale lenders in the country, Bloomberg reports. There are still “some smaller, sub-scale banks” to fuel another round of mergers, SBI Chairman Challa Sreenivasulu Setty told Bloomberg.

BACKGROUND- Policymakers are engaged in discussions aimed at enhancing the scale of the banking sector. The goal: To better position the nation’s banks to back large-scale infrastructure and industrial projects. Mumbai-based SBI commands 25% of India's USD 2.1 tn credit market with a balance sheet of USD 787 bn serving c. 500 mn customers.

#3-The Modi government is advancing plans for the IPO of the Solar Energy Corp. of India (SECI), a key state-run entity that has played a key role in the buildout of 30 GW worth of green energy projects, Bloomberg reports. No timeline is yet in place for the offering, the business information service says.

IN CONTEXT: The government is looking to leverage market enthusiasm for green stocks after a wave of listings by Indian green energy firms including power producers and solar panel manufacturers.

SPEAKING OF GREEN ENERGY… Outstanding bank credit to India’s renewable energy sector more than doubled to INR 148.4 bn (USD 1.78 bn) as of September, up from INR 67.8 bn (USD 810 mn) a year earlier, Hindu Businessline reports, citing central bank data. The jump reflects faster execution of solar and wind projects as supply-chain delays eased and input costs stabilized.

What’s driving credit? Most of the new lending is going to under-construction utility-scale solar and wind projects, supported by lower GST on renewable energy equipment. Projects are rolling out as solar component prices plunge thanks to expanded domestic manufacturing.

By the numbers: India added nearly 28 GW of new renewable capacity between April and October 2025, taking total installed capacity, excluding large hydro, close to 200 GW.

#4- Relief for exporters hit by US tariffs: The Reserve Bank of India (RBI) has announced trade relief measures, including a moratorium on term loan repayments due between 1 September and 31 December 2025 for exporters impacted by US trade restrictions. The tariffs, which reach as high as 50%, have hit key sectors including garments, jewellery, leather goods, and chemicals.

How will it work? Interest will accrue throughout the moratorium on a simple, non-compounding basis, with eligibility restricted to borrowers in 20 specific sectors designated by the RBI.

The central bank has also given exporters six months of additional breathing room to repatriate export proceeds and convert them into INR. Exporters will now have 15 months to get paid by their offshore clients and bring the money home.

And exporters taking advantage of export credit will see their loan tenors extended to 450 days (from 270) on facilities taken out through 31 March 2026. The measures came into effect immediately.

#5- Tata Steel wants the government to extend import tariffs on select steel products, after temporary duties imposed in April to curb Chinese inflows expired last week, Reuters reports, citing CEO TV Narendran. Even limited imports “disturb the market,” as Chinese oversupply crowded Indian producers out of export markets, Narendran noted.

The world’s second-largest crude steel producer has seen global markets “flooded” with Chinese steel, leaving local mills exposed. Tata Steel’s Europe and UK units, previously exporting 800k tonnes to the US, have been hit by tariffs imposed by the Trump administration. The company is redirecting volumes to Latin America, parts of the Middle East, Europe, and Africa, while urging the UK to curb cheap imports.

HAPPENING TODAY-

A UAE delegation will visit India and Singapore starting today through Friday, 21 November in a bid to boost bilateral trade and explore new investment, Abu Dhabi Media Office reports. The delegation will meet with policymakers, investors, and business leaders in both countries to strengthen partnerships across sectors including AI, agritech, healthcare and life sciences, renewable energy, advanced technology, financial services, manufacturing, and logistics.

HAPPENING THIS WEEK-

Tenneco Clean Air India shares will make their debut on the NSE and BSE on Wednesday, 19 November. Also on Wednesday, the ET Global Capability Centers and Bengaluru Tech summits get underway.

THE BIG STORY ABROAD-

The notorious Epstein files are dominating what’s otherwise a quiet day in the international press. The divide is intensifying in Congress over whether to release the files related to the trafficking investigation into disgraced financier Jeffrey Epstein, with calls for full disclosure reportedly gaining more and more ground in the House despite resistance from President Trump and GOP leaders.

The renewed split comes after a House committee released some 20k new pages from the files last week, containing mentions of (or correspondence with) prominent figures — including Trump. The president retaliated by directing the Justice Department to open an investigation into Epstein’s ties with Democrats, a move that some say fanned the flames even further. (Washington Post | Associated Press | Semafor)

MEANWHILE- BTC is reminding everyone just how volatile cryptocurrencies are, erasing more than 30% in YTD gains only a month after reaching an all-time high. The top cryptocurrency fell below the USD 94k mark yesterday, before paring back losses to trade at USD 94.9k. (Bloomberg | Reuters)

ALSO WORTH READING THIS MORNING-

Massive protests are hitting Mexico over corruption and organized crime. (Semafor)
In defense of junior staff: Why replacing young people with AI could spark a “talent doom cycle.” (CNBC)

MARKET WATCH-

The Reserve Bank of India (RBI) sold USD in the offshore non-deliverables forwards market on Friday as the INR hovered near a record low, Bloomberg reports. The currency approached an all-time low of 88.80 per USD for the first time since September before stabilizing.

What drove the move? The RBI has been intervening in recent weeks to slow the rupee’s decline, fearing further weakness could raise inflation and dent returns for foreign investors. The central bank has been providing support whenever the currency approaches the top end of its recent trading range, VRC Reddy, head of treasury at Karur Vysya Bank told Bloomberg. The INR could strengthen to 87.80-87.90 per USD if India and the US reach a trade deal, he added. The currency is down by about 3.5% this year and is among the worst-performing currencies in Asia on the back of high US tariffs on Indian goods and equity outflows.

CIRCLE YOUR CALENDAR-

Check out our full calendar below or on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

Saudi Arabia tops Indian businesses’ trade, investment plans -HSBC

More Indian businesses see Saudi Arabia as their favoured market for trade and investment amid global volatility, an HSBC survey found. The survey queried some 4k international business leaders across Asia, MENA, Europe, and the Americas. Almost 85% of Indian firms — the highest across all nine markets surveyed — said geopolitical and supply-chain uncertainty is pushing them to expand into the kingdom. Tech and infrastructure are at the top of the list of sectors piquing their interest.

Eight in 10 global firms plan to raise Saudi-linked trade and investment over the next five years, with more than 60% expecting to do so within six months. Survey respondents like the Kingdom’s economic prospects, with HSBC forecasting 4% GDP growth in 2025. The non-oil economy is now over 40% larger than it was before the global pandemic, the bank notes.

Saudi chambers scouting for India investment

MEANWHILE- Saudi Arabia sent a 50-member investor delegation to New Delhi, Mumbai and Visakhapatnam last week, holding sectoral roundtables to deepen two-way investment under the kingdom’s Vision 2030, Arab New s reports.

Automotive, technology, food processing, and infrastructure were all in play during the visit, organized by the Federation of Saudi Chambers.

The Saudi delegation participated in joint events with India’s foremost industry associations, including the Federation of Indian Chambers of Commerce and Industry as well as the Confederation of Indian Industry. Meanwhile, joint sessions between Saudi and Indian firms covered EV supply chains, startup investment, and industrial collaboration, concluding with an MoU for manufacturing sugar and feed production lines.

IGL makes international debut with Saudi distribution pact

IGL enters Saudi Arabia with Masah: Indraprastha Gas Ltd (IGL) has inked a strategic pact with Saudi Arabia’s Masah Construction Company to co-develop natural gas distribution networks across key industrial cities in the kingdom, as per a disclosure to the bourse. Masah says the partnership aligns with Saudi plans to build resilient, low-emission industrial systems, while IGL frames the tie-up as a shift from India’s domestic focus to global clean-energy collaboration, according to the Economic Times.

It’s the first overseas foray by an Indian gas distributor. IGL brings network-planning and operations expertise to the table, while Masah has regulatory chops and local execution capabilities. The two are looking for a piece of Saudi’s investment in gas infrastructure under Vision 2030, which includes critical upgrades to the distribution network.

IGL runs a 28k-km-long gas pipeline across major Indian cities, including New Delhi National Capital Region, fueling 2.1 mn vehicles through 950 stations and reaching 3 mn households, as per Hindu Businessline. The Delhi-based distributor is backed by state-owned entities including the Gas Authority of India and Bharat Petroleum Corp oration. Riyadh-based Masah Construction Company is an engineering and infrastructure contractor with a national-scale portfolio that includes industrial zones, pipeline networks, utility distribution systems, and civil works.

Adani Group lines up green energy investments worth INR 630 bn

Two units of Adani Group backed by Gulf investors are committing a combined INR 630 bn (USD 7.1 bn) to green energy projects in the northeastern state of Assam, Hindu Businessline reports.

What they’re building: The Assam government has issued letters of award to both companies. Adani Power (APL) will set up a 3.2 GW ultra-supercritical thermal plant at a cost of INR 480 bn (USD 5.4 bn). Adani Green Energy (AGEL) will build two pumped-storage hydro projects totalling 2.7 GW, requiring an investment of INR 150 bn (USD 1.8 bn). The company also won a separate 500 MW storage tender.

By the numbers: APL won the thermal project at a levelized tariff of INR 6.30 per kWh, supported by coal linkage under the government’s Shakti policy, the news outlet reports. The Assam Electricity Regulatory Commission has cleared the plan. State utility Assam Power Distribution will be the offtaker. The thermal plant will be commissioned in phases starting December 2030.

BACKGROUND- APL operates 18.15 GW of capacity across India and plans to scale to 42 GW by FY 2032, Reuters has reported. The new projects align with Assam’s plan to increase baseload thermal supply and develop long-duration pumped-storage to manage rising peak demand in the northeast.

Gulf-investors are backing Adani’s renewable investments: Abu Dhabi-based International Holding Company invested about USD 2 bn in Adani’s energy businesses in 2022, including APL. Qatar Investment Authority holds a 2.7 % stake in AGEL.

EXPERTSPEAK-

MEANWHILE- Diversifying the oil and gas sector: India must “carefully examine” the industrial structure of its hydrocarbon sector over the coming years, as it is dominated by state-owned companies, The Hindu reports, quoting Suman Bery, vice-chair of government think tank NITI Aayog. The dominance of state-owned companies in the sector needs a rethink, and a healthy mix of “sophisticated private-sector players” may be required to support long-term energy security, Bery said. India should avoid locking itself into “high-cost energy systems” that could restrict access to affordable energy, Bery cautioned.

Andhra Pradesh inks MoUs that could unlock projects worth a combined INR 3.65 tn

Southern Indian state Andhra Pradesh (AP) signed 35 MoUs worth a combined INR 3.65 tn (USD 43.8 bn) at last week’s Confederation of Indian Industry (CII) Partnership Summit in Visakhapatnam, Press Trust of India reports, citing state government disclosures. The energy sector accounts for nearly three-quarters of the investment pledges, with total commitments worth INR 2.65 tn (USD 31.8 bn).

The breakdown:

Manufacturing: Two Taiwan-based companies, Allegiance Group and Creative Sensor, together signed MoUs worth INR 184 bn (USD 2.2 bn) for new manufacturing operations, the news service added. The state also secured MoUs across electronics, food processing, textiles, and chemicals, contributing to a broader industrial pipeline.

Fertilizers: Coromandel International, part of the Tamil Nadu-based Murugappa Group, will invest INR 20 bn (USD 240 mn) to set up a fertilizer plant in Visakhapatnam. The 35 MoUs are expected to create 126k jobs, the state government says. The agreements were finalized as part of the CII Partnership Summit, which was held on 14-15 November in Visakhapatnam.

Among other investment pledges made alongside the summit, per the Hindu Businessline:

The Adani Group has outlined an INR 1 tn (USD 12 bn) investment pipeline across energy and infrastructure.
Brookfield Asset Management has proposed investments worth INR 1 tn (USD 12 bn);
Renewable energy company ReNew, backed by Adia and Masdar, plans to invest INR 600 bn (USD 7.2 bn) in new projects, taking its cumulative commitments in the state to INR 820 bn (USD 9.8 bn);
New Delhi-based Carbonatic has committed INR 315 bn (USD 3.8 bn);
India-based Hero Future Energies has committed INR 300 bn (USD 3.6 bn) for power projects, including planned facilities in Anantapur, Kadapa, and Kurnool;
Jindal Steel & Power has announced an INR 300 bn (USD 3.6 bn) steel plant;
Reliance Industries plans to set up a 1 GW AI data center in the state, rivalling a similar pledge by Google;

Aurobindo Pharma pledged INR 30 bn (USD 360 mn) through its ongoing Penicillin-G facility in Kakinada and a greenfield injectables plant in Visakhapatnam costing around INR 6 bn;
INR 10.75 bn (USD 130 mn) is coming from JSW Group for an iron-ore mining joint venture with APMDC, as well as INR 81.04 bn (USD 976 mn) for a 1.5 GW hydro-storage power project through JSW Neo Energy;
Tata Electronics is in talks with the Andhra Pradesh government on potential electronics and semiconductor projects.

Long-term targets: Chief Minister N. Chandrababu Naidu said the state aims to attract INR 83 tn (USD 1 tn) in investments over the next decade, with efforts underway to secure INR 41.5 tn (USD 500 bn) in the next three years, the daily added.

The region also has interest in large scale oil and gas projects, including a planned INR 1 tn (USD 11.4 bn) greenfield refinery and petrochemicals complex near Ramayapatnam by state run refiners Bharat Petroleum Corporation and Oil India, with Saudi Aramco in talks for a 20% stake.

India’s data protection act is coming into effect with phased compliance, stricter breach norms

India’s new Digital Personal Data Protection Act is now in effect. The country’s first comprehensive digital privacy law includes rules that grant companies up to 18 months to meet compliance requirements and give consent managers 12 months to secure registration with regulatory agencies, Business Standard reports.

Key provisions of the act that you need to know about:

Explicit, informed consent must be secured by companies before collecting or processing personal data, and individuals may withdraw consent at any time;
Data principal rights: Users can access, correct, and erase their data and request clarity on how it is being processed;
Data fiduciary obligations: Firms must disclose the purpose of data collection, ensure secure processing, and report breaches promptly;
Non-compliance invites heavy fines, with failure to maintain data safeguards carrying penalties of up to INR 25 bn;
Scope: The law covers all digital personal data in India and applies extraterritorially when overseas processing involves goods or services for users in India.

How does this work? Users can withdraw consent anytime or report violations to the new, digitally-operated Data Protection Board in New Delhi.

New obligations for intermediaries: Intermediary firms handling personal data must delete user information promptly unless otherwise required by law. Consent managers must maintain continuous compliance with the regulatory framework to avoid suspension. The intermediaries are categorized by service, defining when and how data must be erased and consent be managed.

Strict breach-reporting regime: In the event of a data breach, companies must notify both the user and the regulators within 72 hours, detailing the nature of the breach, scale of exposure, consequences, mitigation steps, and user safeguards.

Zero-day options are quietly capping S&P 500 rallies

A new wave of ultra-short-dated option trading is increasingly shaping how the S&P 500 moves during the day, and analysts say it may be putting a ceiling on stock market rallies, Bloomberg reports. Zero-day options and other one-to-five-day contracts have exploded in popularity this year, turning what used to be niche trades into one of the biggest forces in US equity markets.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

A flood of daily option-selling is changing intraday behavior: Investors have been selling more short-dated options to collect steady premiums. These trades are designed to profit if markets stay in a narrow range, but they also create mechanical pressure in the underlying index.

The last 30 minutes of trading are becoming a pressure point: Hedging flows spike as options approach expiration near the closing bell. On 24 October, dealer gamma peaked at about USD 90 bn roughly 10 minutes before market close. At that moment, even a 0.1% move in the index would have forced around USD 10 bn in hedging flows, according to UBS estimates.

Some see trading opportunities in these distortions, others aren’t convinced: The growing influence of short-option strategies has encouraged some traders to buy one-day options at the close and sell them at the next morning’s open, hoping to exploit overnight gaps. But skeptics warn against overstating the importance of any single strategy. “Of the 25 or so different things that are pushing markets in different directions, this is one of the 25,” said Susquehanna’s Chris Murphy. “It gets more attention than it deserves.”

And the sustainability question remains open: Many of these trades rely on stable, low-volatility conditions — something that rarely lasts forever. “Any systematic short-option strategy generally harvests premium pretty well until a high volatility environment realizes and then it kills the trade via convex losses,” said Garrett DeSimone of OptionMetrics.

MARKETS THIS MORNING-

Asian markets are mostly in the red in early trading this morning as traders adopt a cautious approach ahead of a busy week for earnings. Japan’s Nikkei, the Shanghai Composite, and the Hang Seng are all down 0.5%. Meanwhile the Kospi is in the green, up 1.7%.

ADX	9,918	-0.4% (YTD: +5.3%)
DFM	5,950	-0.7% (YTD: +10.2%)
TASI	11,053	-1.1% (YTD: -8.2%)
EGX30	41,211	+2.5% (YTD: +38.6%)
Boursa Kuwait	8,408	-0.6% (YTD: +21.7%)
QSE	10,958	- 1.0% (YTD: +2.6%)
S&P 500	6,734	-0.1% (YTD: +14.5%)
FTSE 100	9,698	-1.1% (YTD: +18.7%)
Euro Stoxx 50	5,694	-0.9% (YTD: +16.3%)
Brent crude	USD 63.71	-1.1%
Natural gas (Nymex)	USD 4.46	-2.3%
Gold	USD 4,088	-0.2%
BTC	USD 94,500	-1.0% (YTD: +1.0%)

THE OPENING BELL-

The S&P BSE Sensex opened in green at 84,734 gaining some 171 points — marking a 0.2% rise in the early trading session. The index is up 7.9% YTD.

Over on the NIFTY 50, the index gained 0.2% to 25,968. The index is up 9.3% YTD.

India, Canada strengthen ties in minerals and clean energy

India and Canada have agreed to boost long-term partnerships in critical minerals and clean energy and to expand investment windows in aerospace, Reuters reports. The two sides are also exploring fresh negotiation on a trade agreement following a meeting between Canadian Trade Minister Maninder Sidhu and India’s Commerce Minister Piyush Goyal.

Why it matters: See the announcement in the context of New Delhi and Ottawa working to reset relations and rebuild trade ties after years of tension. Prime Minister Narendra Modi and Canadian PM Mark Carney hit the reset button after Carney invited Modi to the G7 leaders’ summit this summer in Kananaskis. The two subsequently agreed to exchange ambassadors as part of a roadmap to rebuild once-close ties.

INDIA + QATAR-

External Affairs Minister S. Jaishankar on Sunday met with Qatar’s Amir Tamim bin Hamad Al Thani and Prime Minister Mohammed bin Abdulrahman in Doha to review the two nations’ strategic partnership, Jaishankar said in a post on X. The agenda centered on key pillars of the bilateral relationship including energy, trade, and investment as well as regional and global development, according to Jaishankar.

CALENDAR

NOVEMBER

17-21 November (Monday-Friday): Dubai Airshow 2025, Al Maktoum International Airport, Dubai.

19 November (Wednesday): Tenneco Clean Air India’s shares to start trading on NSE and BSE.

19 November (Wednesday): ET Global Capability Centers (GCC) Annual Conclave 2025, Sheraton Grand Bengaluru, Bengaluru.

19-21 November (Wednesday-Sunday), Bengaluru Tech Summit 2025, Bangalore International Exhibition Centre (BIEC), Bengaluru.

21-22 November (Friday-Saturday): Global Economic Summit & World Trade Expo 2025, World Trade Center, Mumbai.

21-22 November (Friday-Saturday): BCKIC CSR & Sustainability Conclave 2025, Odisha State Convention Centre, Odisha.

22 November (Saturday): Finance Conclave 2025, The Park, Hyderabad.

22-23 November (Saturday-Sunday): G20 Summit 2025, Johannesburg, South Africa.

26 November (Wednesday): GCC Annual Conclave 2025, Sheraton Whitefield, Bengaluru.

28 November (Friday): Launch of Lawh Wa Qalam: M.F. Husain Museum in Education City, Doha.

DECEMBER

3-7 December (Wednesday-Sunday): ENGIMACH Automation & Manufacturing Technology Expo, Helipad Exhibition Centre (Gandhinagar), Gujarat.

11 December (Thursday), FICCI Commercial Real Estate Conclave, Taj MG Road, Bengaluru.

Signposted to happen sometime in December:

Russian President Vladimir Putin’s India Visit (Details yet to be announced).

JANUARY

Signposted to happen sometime in 2026:

18th BRICS Summit, India (Details yet to be announced).

19-20 January (Monday-Tuesday): International Crop Science Conference and Exhibition 2026, Le Meridien Conference Centre, Dubai.

27-30 January (Tuesday-Friday): India Energy Week 2026, ONGC Advanced Training Institute, Goa.

30 January-1 February (Friday-Sunday):India Agri Expo 2026, Ludhiana Exhibition Centre, Punjab.

31 January (Saturday): Commencement of Budget Session 2026, Parliament of India, New Delhi.

FEBRUARY

1 February (Sunday): Union Budget 2026-27, Parliament of India, New Delhi.

3-6 February (Tuesday-Friday): ChemTECH World Expo 2026, JIO World Convention Centre, Mumbai.

19-20 February (Thursday-Friday): India - AI Impact Summit 2026, New Delhi.

19-20 February (Thursday-Friday): India-AI Impact Summit, Bharat Mandapam, New Delhi.

25 February (Wednesday): World Sustainable Development Summit, Taj Palace, New Delhi.

MARCH

12 March (Thursday): ET Entrepreneur Summit & Awards 2026, Bengaluru.

23-25 March (Monday-Wednesday): Indiasoft 2026: International IT Exhibition & Conference, New Delhi

23-25 March (Monday-Wednesday): 11th Smart Cities Expo, Bharat Mandapam, New Delhi.

23-25 March (Monday-Wednesday): PLASTIWORLD India 2026, Jio World Convention Centre, Mumbai.

Signposted to happen sometime in March 2026

Election Commission of India is expected to announce polling dates for elections in the states of Tamil Nadu, Kerala, West Bengal, Assam, and the union territory, Puducherry.

APRIL

29 April-2 May (Wednesday-Saturday): Bharat Buildcon 2026, Yashobhoomi, Dwarka, Delhi.

7-10 April (Tuesday-Friday), India Rubber Expo 2026, ITPO, Pragati Maidan, Delhi.

JUNE

24-25 June (Wednesday-Thursday): India Homeland Security Expo 2026, Bharat Mandapam, Pragati Maidan, New Delhi.

Signposted to happen sometime in 1H 2026:

Signing of India-Qatar FTA (Details yet to be announced).

DECEMBER

8-11 December (Tuesday-Thursday), Expand North Star 2025, Dubai.

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