{"id":86770,"date":"2026-01-21T00:00:00","date_gmt":"2026-01-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?post_type=issue&#038;p=86770"},"modified":"2026-01-21T10:09:29","modified_gmt":"2026-01-21T10:09:29","slug":"emirates-nbd-clears-hurdle-for-its-rbl-bank-acquisition-in-india-amid-a-host-of-agreements-between-uae-and-india","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/mena-india\/issues\/emirates-nbd-clears-hurdle-for-its-rbl-bank-acquisition-in-india-amid-a-host-of-agreements-between-uae-and-india\/","title":{"rendered":"Emirates NBD clears hurdle for its RBL Bank acquisition in India amid a host of agreements between UAE and India"},"content":{"rendered":"<section id=\"86772\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"86772\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/ikea-expands-india-investment-india-lifts-curbs-on-wheat-product-exports\/\">\r\n                            THIS AFTERNOON: IKEA commits fresh capital to India; India eases grain export curbs                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/ikea-expands-india-investment-india-lifts-curbs-on-wheat-product-exports\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/ikea-expands-india-investment-india-lifts-curbs-on-wheat-product-exports\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/ikea-expands-india-investment-india-lifts-curbs-on-wheat-product-exports\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=IKEA expands India investment; India lifts curbs on wheat product exports&url=https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/ikea-expands-india-investment-india-lifts-curbs-on-wheat-product-exports\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/ikea-expands-india-investment-india-lifts-curbs-on-wheat-product-exports\/&title=IKEA expands India investment; India lifts curbs on wheat product exports\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=IKEA+expands+India+investment%3B+India+lifts+curbs+on+wheat+product+exports+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2026%2F01%2F21%2Fikea-expands-india-investment-india-lifts-curbs-on-wheat-product-exports%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/ikea-expands-india-investment-india-lifts-curbs-on-wheat-product-exports\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/821.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"86773\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/ikea-expands-india-investment-india-lifts-curbs-on-wheat-product-exports\/821-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/821.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"821.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/821.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/821.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86772\" class=\"content-area-description single-story post-86772 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam-india tag-foreign-investment tag-gdp tag-imf tag-india-uae tag-indian-economy tag-trade tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends.<\/strong> The India-UAE corridor is buzzing with activity, with plenty of updates on trade and investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India\u2019s competition watchdog has cleared Emirates NBD\u2019s USD 3 bn bid for private lender RBL Bank<\/strong>, paving the way for the biggest foreign acquisition of an Indian bank. If the deal goes through, ENBD will inherit RBL\u2019s branch network to secure a front-row seat in one of the world\u2019s most regulated banking markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>President Mohamed bin Zayed\u2019s New Delhi visit delivered a host of deals across energy, defence, tech, and food security<\/strong>, and the two countries doubled their trade target to USD 200 bn. Adnoc did the heavy lifting, turning a handshake LNG pact into a binding long-term supply deal.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in Saudi Arabia, India\u2019s major tech firms are making strategic inroads<\/strong>, with Tata Group\u2019s tech arm opening its regional HQ and Unicommerce partnering with Naqel Express. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">We have all of that and more, below.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Watch this space<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>INVESTMENT \u2014 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ikea.com\/in\/en\/\" style=\"\" rel=\"noopener\">IKEA<\/a><\/strong><strong> plans to raise its India investments to over INR 200 bn (USD 2.2 bn) over the next five years<\/strong>, with plans to open new stores and source products locally, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/swedens-ikea-plans-double-india-investment-22-billion-over-five-years-2026-01-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing IKEA India CEO Patrik Antoni. India is a major sourcing base for the retailer's major global markets, including its store network in the UAE and Saudi Arabia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India playbook: <\/strong>Ahead of launching new physical stores, IKEA will extend online sales to four cities including Chennai and Coimbatore \u2014 the first time the retail giant will enter new markets digitally before establishing a physical presence. It also plans to double production and exports from India to about USD 930 mn.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>EXPORTS \u2014<\/strong> <strong>India<\/strong><strong> has approved the export of 500k tons of wheat flour, semolina, and related products<\/strong>, in the first significant easing of its grain export ban in over three years, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/1\/750.pdf\" style=\"\" rel=\"noopener\">notification<\/a> by the Ministry of Commerce. This comes amid a record-breaking <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-20\/india-allows-some-exports-of-wheat-products-after-three-year-ban\" style=\"\" rel=\"noopener\">monsoon<\/a> that replenished domestic stockpiles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is a major win for food suppliers<\/strong> <strong>in the UAE<\/strong>, the country being India\u2019s <a target=\"_blank\" href=\"https:\/\/icrier.org\/pdf\/Enhancing-India-s-Agri-Exports-to-Middle-East.pdf\" style=\"\" rel=\"noopener\">second-largest importer<\/a> of agricultural products in FY 2022-23. Wheat and rice have historically been the bedrock of this trade corridor. Since the May 2022 ban, UAE millers and processors have had to navigate higher-cost alternatives such as Black Sea grain. Reopening this channel restores the primary supply chain for one of India\u2019s most critical regional trade partners. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A market test?<\/strong> If the upcoming spring harvest hits projected targets, New Delhi can be expected to move towards a more predictable export regime for raw wheat by 2H 2026, further solidifying the India-UAE CEPA trade targets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>GDP \u2014<\/strong><strong>The<\/strong><strong> IMF has raised its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.imf.org\/-\/media\/files\/publications\/weo\/2026\/january\/english\/text.pdf\" style=\"\" rel=\"noopener\">India growth forecast<\/a><\/strong><strong> for FY 2025-26 (ending on 31 March) by 70 basis points to 7.3%<\/strong>, citing \u201cbetter-than-expected\u201d data from 3Q and strong momentum closing out the financial year. For Gulf investors, the upgrade reflects real growth in India and encourages deploying capital in the country. India is solidifying its position as the fastest-growing major economy and is likely to offer higher yields as Western markets cool.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The upgrade brings the IMF forecast in line with the Reserve Bank of India\u2019s 7.3%<\/strong> projection and nearly matches the government\u2019s 7.4% estimate. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">YOU\u2019RE READING EnterpriseAM MENA <> India, your C-suite briefing on the movement of trade, investment, people, and ideas along one of the world\u2019s most exciting corridors. Every Monday, Wednesday, and Friday at 2:30 pm UAE, we dive deep into the business, finance, economy, and policy headlines and trendlines that will move markets and set the tone for your day. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this briefing? <\/strong><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/mena-india\/\" style=\"\" rel=\"noopener\">Tap or click here to sign up without charge for your own<\/a><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/mena-india\/\" style=\"\" rel=\"noopener\">copy.<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> The big story abroad<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is \u201cSell America\u201d back? <\/strong>A massive selloff hit Wall Street last night, as US President Donald Trump stood his ground on plans to take over Greenland despite European opposition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All three Wall Street indices fell to their lowest since October<\/strong>, with the S&P 500 down 2.1%. At the same time: The USD slid 0.9% against a basket of six peers, gold surged to a record high, and long-term US yields hit a four-month high. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, a historic rout in Japanese bonds<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/68349aa9-9b4e-44a2-abd4-f1964308cf29\" style=\"\" rel=\"noopener\">sent yields above 4%<\/a><\/strong> for the first time ever on concerns over the country\u2019s fiscal health, after Prime Minister Sanae Takaichi called for a snap election which could hand her a mandate to pursue stimulus plans, including the removal of a food sales tax. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adding fuel to the fire: <\/strong>Danish pension fund AkademikerPension said it will <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-20\/danish-pension-fund-akademikerpension-to-exit-us-treasuries\" style=\"\" rel=\"noopener\">exit<\/a> US Treasuries by the end of the month on the back of concerns that the current administration has created too many credit risks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to watch:<\/strong> Trump will be landing in Davos today, where he is set to schedule a few meetings to discuss Greenland. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Netflix is tightening its screws in the Warner Bros takeover race: <\/strong>The streamer is converting its bid for Warner Bros. Discovery into an allcash offer, matching one key advantage offered by Paramount Skydance\u2019s Gulf-backed bid, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-20\/netflix-sweetens-warner-bros-terms-to-all-cash-in-bidding-war\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing a filing. Netflix had previously proposed USD 27.75 per share using a mix of banknotes and stock for Warner\u2019s studio and streaming assets. Investors are set to vote on the transaction in April. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> Market watch<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian<\/strong><strong> refiners are ditching Murban:<\/strong> Abu Dhabi\u2019s flagship crude has lost its edge as cheaper alternatives gain ground across the Asian slate, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-19\/oil-refiners-shun-uae-s-flagship-murban-for-cheaper-alternatives\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing traders. Murban\u2019s premium over Dubai crude hit USD 2.24 \/ bbl, more than 2x its end\u20112025 level, pushing refiners toward cheaper barrels. Upper Zakum, the UAE\u2019s medium-sour grade, was priced at a mere USD 0.10 premium over Dubai after trading at a markdown for most of the past two weeks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the change? <\/strong>This comes as Saudi Arabia ramps up medium-sour supply faster than peers, and refiners in Japan, South Korea, and India lean into Arab Medium and Arab Heavy, alongside Upper Zakum and Qatar\u2019s Al Shaheen, traders said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> Circle your calendar<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/foreign-investment\/\">Foreign Investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/gdp\/\">GDP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/india-uae\/\">India-UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/indian-economy\/\">Indian economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/trade\/\">Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86774\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"86774\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE BIG STORY TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/emirates-nbd-clears-hurdle-for-acquisition-of-indian-lender-rbl\/\">\r\n                            Emirates NBD clears hurdle for acquisition of Indian bank RBL                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/emirates-nbd-clears-hurdle-for-acquisition-of-indian-lender-rbl\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The approval also covers the merger of RBL\u2019s 600 strong branch network with ENBD\u2019s India entity which holds 3 branches. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Refresher:<\/strong> The clearance covers ENBD\u2019s plan, first revealed <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/20\/enbd-moves-to-acquire-majority-stake-in-indias-rbl-bank\/\" style=\"\" rel=\"noopener\">in October<\/a>, to acquire between 51-74% of RBL Bank through a preferential allotment and mandatory open offer. If completed, ENBD would become classified as a promoter, with RBL becoming a subsidiary \u2014 a rare outcome in India\u2019s tightly regulated banking sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Dubai-based lender <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.sebi.gov.in\/sebi_data\/commondocs\/nov-2025\/RBL%20Bank%20Limited%20-%20DLO_p.pdf\" style=\"\" rel=\"noopener\">launched an open offer to acquire 26%<\/a><\/strong><strong> of the stake in December<\/strong> while the rest of the acquisition will be done through a preferential allotment. Meanwhile, the RBL bank has <a target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/industry\/banking\/finance\/banking\/jaideep-iyer-to-succeed-rajeev-ahuja-as-rbl-ed\/articleshow\/126259226.cms?from=mdr\" style=\"\" rel=\"noopener\">implemented a leadership change<\/a> appointing Jaideep Iyer as its executive director who will take charge on 21 February. The bank has also appointed Deepak Ruiya as its interim CFO beginning 30 December. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>India\u2019s rules, in context: <\/strong>Foreign ownership in Indian private banks <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/india-plans-hike-foreign-investment-cap-state-run-banks-49-source-says-2025-10-27\/\" style=\"\" rel=\"noopener\">is capped at 74%<\/a>, but any single foreign institution typically needs explicit regulatory approval to cross the 15% threshold. RBL had previously sought permission to temporarily <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/20\/enbd-moves-to-acquire-majority-stake-in-indias-rbl-bank\/\" style=\"\" rel=\"noopener\">cap foreign shareholding at 24%<\/a> until the agreement closes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next: <\/strong>The transaction is expected to close in 1Q of India\u2019s fiscal year 2026-27, which starts in April, pending final clearances from the Reserve Bank of India and the government.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>If completed, the agreement would be the largest foreign investment in India\u2019s financial sector and the first time a foreign bank takes control of a solvent Indian private lender, setting a precedent for inbound banking capital. It would also sharply expand Emirates NBD\u2019s footprint beyond its current three-branch presence in Mumbai, Gurugram, and Chennai.<\/p>\n<p style=\"padding-top:12pt;margin:0;padding-left:0;padding-bottom:12pt;line-height:1.15;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>ZOOM OUT- The approval lands amid accelerating UAE-India economic ties<\/strong>, after the two sides inked a sweeping (more on that below) this week spanning energy, defense, space, food trade, investment, digital infrastructure, and advanced technology, while lifting their bilateral trade target to USD 200 bn by 2032. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ENBD-RBL agreement adds a financial-services pillar to that expanding partnership<\/strong>, reinforcing India\u2019s role as a priority growth market for UAE capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/emirates-nbd\/\">Emirates NBD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/india-uae-relations\/\">India-UAE relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/the-big-story-today\/\">THE BIG STORY TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/uae-india-relations\/\">UAE-India relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86776\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"86776\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">SPOTLIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/uae-india-agreement-blitz\/\">\r\n                            UAE and India plan to double trade to USD 200 bn as they broaden the scope of their partnership                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/uae-india-agreement-blitz\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/uae-india-agreement-blitz\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/uae-india-agreement-blitz\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE-India agreement blitz&url=https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/uae-india-agreement-blitz\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n              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<\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/uae-india-agreement-blitz\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/705.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"86777\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/uae-india-agreement-blitz\/705-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/705.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"705.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/705.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/705.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86776\" class=\"content-area-description single-story post-86776 post type-post status-publish format-standard has-post-thumbnail hentry category-spotlight tag-adnoc tag-artificial-intelligence tag-defense tag-energy tag-enterpriseam-india tag-food tag-india-uae tag-investment tag-lng tag-space tag-spotlight tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The <\/strong><strong>UAE<\/strong><strong> and India used President Mohamed bin Zayed\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/19\/this-morning-world-economic-forum-kicks-off-in-davos-president-mohamed-bin-zayed-al-nahyan-is-in-india\/?repeat=w3tc\" style=\"\" rel=\"noopener\">visit to New<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/19\/this-morning-world-economic-forum-kicks-off-in-davos-president-mohamed-bin-zayed-al-nahyan-is-in-india\/?repeat=w3tc\" style=\"\" rel=\"noopener\">Delhi<\/a><\/strong> <strong> to lock in a wide slate of agreements <\/strong>spanning energy, defense, space, food trade, investment, advanced technology, and people-to-people initiatives, while also raising ambitions on trade and digital cooperation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Energy: Adnoc locks in long-term LNG supply<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc led the dealmaking<\/strong>, with Adnoc Gas signing a long-term LNG sales and purchase agreement with state-owned Hindustan Petroleum Corporation Limited (HPCL), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/1\/690.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The agreement converts a previously signed <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/08\/05\/adnoc-gas-signs-supply-agreement-with-indias-hindustan-petroleum-corporation\/\" style=\"\" rel=\"noopener\">heads of agreement<\/a> into a binding contract.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The terms: <\/strong>Adnoc Gas will supply HCPL with 0.5 mtpa of LNG for 10 years starting in 2028, sourced from its Das Island liquefaction facility. The contract is valued between USD 2.5-3 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The agreement cements India as Adnoc Gas\u2019 largest LNG customer, as New Delhi looks to make gas account for 15% of its energy mix by 2030. Over the past 24 months, Adnoc Gas signed more than USD 20 bn worth of LNG contracts with Indian buyers \u2014 including HPCL, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/08\/28\/india-to-become-adnocs-biggest-lng-customer-after-latest-15-year-agreement\/?repeat=w3tc\" style=\"\" rel=\"noopener\">Indian Oil Corporation<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/11\/15\/adnoc-gas-secures-10-year-lng-agreement-with-indias-gail\/\" style=\"\" rel=\"noopener\">Gail<\/a> \u2014 underlining India\u2019s growing weight in its Asia strategy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger LNG picture: <\/strong>Adnoc Gas says that by 2029 it expects to be operating 15.6 mtpa of LNG capacity, with 3.2 mtpa already contracted to Indian companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Energy cooperation is expanding beyond hydrocarbons: <\/strong>The two sides agreed to promote bilateral civil nuclear cooperation, including on large nuclear reactors and small modular reactors, according to a Foreign Ministry <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/MediaHub\/News\/2026\/1\/19\/UAE-India#:~:text=The%20two%20sides%20agreed%20to,and%20maintenance%20and%20nuclear%20safety.\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The scope includes <\/strong>cooperation on advanced reactor systems, nuclear power plant operations and maintenance, and nuclear safety, positioning nuclear energy as a longer-term pillar alongside LNG.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Data and digital embassies<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two sides will also collaborate on setting up a supercomputing cluster in India with UAE partnership<\/strong>, as well as explore UAE investment in expanding Indian data-center capacity, Foreign Secretary Vikran Misri said during a special briefing (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=-3jWg-Q_Jr0\" style=\"\" rel=\"noopener\">watch, runtime: 28:06<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Digital embassies are also in the cards<\/strong> to provide \u201ca safe harbor for data [...] of national importance and strategic value,\u201d the foreign secretary said, adding that no regulatory framework for the idea has currently been established. The two sides will look at the feasibility of a digital or data embassy under mutually recognized sovereignty arrangements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">A defense partnership<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beyond energy<\/strong>, the leaders witnessed the exchange of a letter of intent (LoI) on a strategic defense partnership, laying the groundwork for deeper cooperation across defense policy, industry, and security engagement, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/byb1xws-uae-president-indian-prime-minister-witness\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The LoI builds on steadily expanding bilateral defense ties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Space: From cooperation to commercial infrastructure<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Space emerged as a concrete growth area. <\/strong>The UAE Space Agency and India\u2019s In-Space signed an LoI to support space industry development and commercial collaboration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the agenda: <\/strong>In the briefing, Misri said the initiative could span launch complexes, satellite fabrication facilities, joint missions, training centers, and a space academy, signaling a shift from dialogue toward shared infrastructure and commercialization.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> Investment: Dholera special investment region<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dholera for investment: <\/strong>On investment, an LoI was signed between the UAE Investment Ministry and India\u2019s Gujarat Government to cooperate on developing the Dholera Special Investment Region, a smart city development in Gujarat. According to Misri, the proposed package could include an international airport, pilot training, MRO facilities, a greenfield port, rail and energy infrastructure, and a smart urban township, with specific projects to be finalized down the line.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gujarat\u2019s Gift City is also in play: <\/strong>Separately, the UAE and India agreed to facilitate office and operations setup for UAE companies in Gujarat International Finance Tec-City \u2014 also known as Gift City \u2014 with First Abu Dhabi Bank and DP World named as early movers, according to Jaiswal\u2019s post. Our friends at Mashreq are also <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/03\/mashreq-to-open-a-branch-in-indias-gift-city-this-year\/?repeat=w3tc\" style=\"\" rel=\"noopener\">eyeing an expansion there<\/a>, after Abu Dhabi Investment Authority received regulatory approval to establish a local subsidiary and launch a USD 4-5 bn fund in Gift City <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/08\/adia-to-invest-usd-4-5-bn-in-indias-gift-city\/\" style=\"\" rel=\"noopener\">in February 2024<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WATCH THIS SPACE- Indian Prime Minister Shri Narendra Modi also invited UAE sovereign wealth funds to consider participating in the National Investment and Infrastructure Fund\u2019s second Infrastructure Fund<\/strong>, scheduled for launch sometime this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Abu Dhabi Investment Authority is already a significant backer of the NIIF<\/strong>, investing about <a target=\"_blank\" href=\"https:\/\/niifindia.in\/news\/niif-and-abu-dhabi-investment-authority-finalise-investment-agreement-worth-usd-1-billion\/\" style=\"\" rel=\"noopener\">USD 1 bn<\/a> to become a shareholder and institutional investor in the fund in 2017. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">More on food trade and culture<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two sides signed an MoU on food safety and technical requirements<\/strong> to boost agricultural and food exports from India while supporting the UAE\u2019s food security objectives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>House of India incoming: <\/strong>The UAE and India agreed to establish a \u201cHouse of India\u201d in Abu Dhabi, envisioned as a permanent cultural space showcasing Indian art, heritage, and archaeology, according to Jaiswal. The two also committed to promoting youth exchanges, adding a social and cultural layer to the expanding partnership.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Bigger picture: USD 200 bn by 2032<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trade targets were raised alongside the agreements: <\/strong>Misri said bilateral trade has crossed USD 100 bn since the 2022 comprehensive economic partnership agreement (CEPA), and leaders now aim to double it to USD 200 bn by 2032.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The how-to: <\/strong>The agenda includes facilitating MSME exports into the Middle East, Africa, and Eurasia, advancing initiatives such as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/259e875c-d516-4a63-8620-5eb46cc2920e\/this-morning:-tabreed-eyes-asian-expansion-%2B-uae-is-ninth-globally-for-fdi-confidence\" style=\"\" rel=\"noopener\">Bharat Mart<\/a>, a warehousing and trading hub for Indian MSMEs, and working toward interlinking national payments platforms, building on existing local-currency settlement systems.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Momentum has been building. <\/strong>As we previously reported, a raft of agreements were signed between Emirati and Indian entities <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/11\/28\/several-indian-uae-firms-announce-cross-border-investments\/\" style=\"\" rel=\"noopener\">last year<\/a>, including a UAE commitment of up to <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/30\/this-morning-abu-dhabi-to-invest-up-to-usd-2-bn-in-indias-logistics-sector-cbuae-cuts-interest-rates-by-25-bps\/\" style=\"\" rel=\"noopener\">USD 2 bn<\/a> to India\u2019s logistics sector. The two sides also inked several trade and investment agreements <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a74b31fb-a0cb-4ff4-9afc-32dbb0b029ef\/uae-%2B-india-ink-pact-on-trans-continental-trade-route\" style=\"\" rel=\"noopener\">in 2024<\/a>, including work on a multi-modal trade corridor and deeper cooperation across energy and technology. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Expert view from New Delhi<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>The extraordinary visit of the UAE <\/strong><strong>p<\/strong><strong>resident was in response to the rapidly changing security architecture in the Gulf<\/strong>, Omair Anas, Middle East expert and director of the Center for Studies of Plural Societies, told EnterpriseAM. Amid the UAE\u2019s growing rivalry with Saudi Arabia, \u201cthe visit secured reassurance that the bilateral trade, energy, and security relations between India and the UAE will remain unaffected,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>\u201c<\/strong><strong>D<\/strong><strong>efence cooperation may not be driven by a country-specific threat; <\/strong>rather, it aims to enhance the strategic cooperation between the two countries,\u201d Omair said, noting that both sides want to expand trade relations, regional cooperation, and international maritime cooperation. \u201cThe UAE would need Indian cooperation in securing its expanding maritime trade points from Asia to Africa, as envisioned in the Africa-India Setu project.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran in the backdrop:<\/strong> \u201cThe recent US tariffs threat linked to Iran trade have unsettled both nations, as the UAE remains the biggest re-export hub for Iran, mostly for Indian goods,\u201d Omair told us. The UAE\u2019s growing trade and strategic profile provides an extra advantage for India, as they share strategic outlooks on South Asia and Middle East security.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/adnoc\/\">Adnoc<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/artificial-intelligence\/\">artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/defense\/\">defense<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/india-uae\/\">India-UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/investment\/\">investment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/lng\/\">LNG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/space\/\">Space<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/spotlight\/\">SPOTLIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/trade\/\">Trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86778\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"86778\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">TECH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/unicommerce-partners-with-naqel-express-in-saudi-arabia\/\">\r\n                            Unicommerce ties up with Naqel Express to bolster cross border e-commerce logistics                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/unicommerce-partners-with-naqel-express-in-saudi-arabia\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The move expands the trade channel between India and Saudi Arabia. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The partnership links Unicommerce\u2019s technology with Naqel\u2019s 5k delivery points, allowing Saudi Arabia\u2019s e-ecommerce platforms to manage warehousing, cross-border shipping and last-mile delivery through a single dashboard developed by Unicommerce. Crucially, it establishes a formal cross-border channel for Saudi e-commerce sellers targeting the Indian market. These businesses will also be able to deliver seamlessly across the GCC, Jordan, and Lebanon through the integrated platform. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CONTEXT- <\/strong>Unicommerce has been expanding in the Gulf, already serving clients like the UAE\u2019s <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/unicommerce-partners-with-redtag-to-automate-operations-and-elevate-post-purchase-experience-845505131.html\" style=\"\" rel=\"noopener\">Redtag<\/a> and <a target=\"_blank\" href=\"https:\/\/www.khaleejtimes.com\/business\/rsa-global-streamlines-e-commerce-operation-with-unicommerces-wms-platform\" style=\"\" rel=\"noopener\">RSA Global<\/a>. This deal cements its shift from a market entrant to a serious infrastructure provider in the Kingdom.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The Kingdom's legacy state-owned players are increasingly outsourcing their software layer to Indian tech firms to enhance tech adoption. Recently, Chennai-based tech firm Zoho <a target=\"_blank\" href=\"https:\/\/www.zoho.com\/blog\/en-mea\/general\/zoho-ksa-nca-compliance.html\" style=\"\" rel=\"noopener\">secured certification<\/a> as a cloud service from the Saudi Ministry of Communication and Information Technology, allowing the firm to host restricted government and commercial data. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TCS incorporates its subsidiary in Saudi Arabia<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mumbai<\/strong><strong>-based IT services giant <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.tcs.com\/\" style=\"\" rel=\"noopener\">Tata Consultancy Services<\/a><\/strong><strong> (TCS) has incorporated its regional headquarters in Saudi Arabia<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/1\/812.pdf\" style=\"\" rel=\"noopener\">regulatory filing<\/a>. The move aligns with the kingdom\u2019s requirement for multinational companies to maintain a licensed regional HQ to participate in government and semi-government project bidding.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The entity was incorporated on 18 January 2026<\/strong> and has been set up as a step-down subsidiary of TCS through Tata Consultancy Services Netherlands. TCS disclosed an initial investment of INR 37 mn (USD 0.44 mn) in the subsidiary. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/india-saudi-arabia-relations\/\">India-Saudi Arabia relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/logistics\/\">LOGISTICS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/tech\/\">TECH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/unicommerce\/\">Unicommerce<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86780\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"86780\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENERGY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/indias-crude-purchases-are-gradually-tilting-back-to-middle-east\/\">\r\n                            India pivots back to MENA crude amid 500% tariff threat from US                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/indias-crude-purchases-are-gradually-tilting-back-to-middle-east\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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This follows a purchase agreement signed with Iraqi suppliers in November 2025 for 70k barrels per day (bpd) through 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another state-run refiner, Mangalore Refinery and Petrochemicals (MRPL), is looking for alternatives. <\/strong>With Russian volumes off the table, MRPL \u2014 which already sources 40% of its needs from the Middle East \u2014 is actively scouting for Venezuelan barrels. However, the commercial viability for these purchases remains in question due to high freight rates and low yield from heavy crude. These factors will likely send demand back to reliable heavy crude producers in the Gulf region. MRPL already <a target=\"_blank\" href=\"https:\/\/in.investing.com\/news\/transcripts\/earnings-call-transcript-mrpl-q3-2025-revenue-beats-expectations-93CH-5193103\" style=\"\" rel=\"noopener\">said<\/a> it remains committed to Middle East crude, particularly Saudi Aramco barrels, to ensure supply stability amid geopolitical uncertainties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving the news: <\/strong>The latest moves by state refiners are meant to appease the White House as it dangles a 500% tariff threat against <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/russian-crude-to-india-set-for-deeper-cuts-icra-tells-enterpriseam-3\/\" style=\"\" rel=\"noopener\">countries purchasing Russian oil<\/a>. Meanwhile, Russian imports appear to be declining \u2014 marking a three year low of 1.2 mn bpd in December from 2 mn bpd.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pivot will be expensive.<\/strong> Replacing the discounted Russian barrels could add up to USD 11 bn to India\u2019s annual import bill. But for Indian refiners, the risk of secondary sanctions and tariff pressure outweighs the benefit of cheaper Russian oil.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/energy\/\">ENERGY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/russian-oil\/\">Russian oil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86782\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"86782\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">IPO WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/brookfield-backed-clean-max-plans-smaller-india-ipo\/\">\r\n                            Clean Max plans smaller India IPO after weak renewables listings                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/brookfield-backed-clean-max-plans-smaller-india-ipo\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/brookfield-backed-clean-max-plans-smaller-india-ipo\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/brookfield-backed-clean-max-plans-smaller-india-ipo\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Brookfield-backed Clean Max plans smaller India IPO&url=https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/brookfield-backed-clean-max-plans-smaller-india-ipo\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/brookfield-backed-clean-max-plans-smaller-india-ipo\/&title=Brookfield-backed Clean Max plans smaller India IPO\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Brookfield-backed+Clean+Max+plans+smaller+India+IPO+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2026%2F01%2F21%2Fbrookfield-backed-clean-max-plans-smaller-india-ipo%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/brookfield-backed-clean-max-plans-smaller-india-ipo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1401.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"86783\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/brookfield-backed-clean-max-plans-smaller-india-ipo\/1401-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1401.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1401.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1401.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1401.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86782\" class=\"content-area-description single-story post-86782 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-brookfield tag-enterpriseam-india tag-india-focus tag-ipo tag-ipo-watch tag-renewable-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mumbai<\/strong><strong>-based renewables firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cleanmax.com\/\" style=\"\" rel=\"noopener\">Clean Max Enviro Energy Solutions<\/a><\/strong><strong> is preparing for a smaller listing in February <\/strong>after several energy firms that listed in 2025 traded below their offer prices. Canadian investment firm Brookfield \u2014 which has significant investments across the UAE and Saudi Arabia \u2014 owns 42.9% of the company. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Revised size: <\/strong>The firm is targeting an IPO size of up to INR 36 bn (USD 400 mn), compared to its earlier plans to raise INR 52 bn (USD 573 mn), <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-19\/brookfield-backed-clean-max-said-to-plan-downsized-india-ipo?srnd=phx-india-v2\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources familiar with the matter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In August 2025, the firm proposed raising up to INR 15 bn (USD 165 mn) through a fresh issue<\/strong>, alongside an offer for sale of about INR 37 bn (USD 407 mn), according to a draft filing. With a reduced ticket size, these numbers are expected to change as the company firms up its final offer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE CONTEXT- <\/strong>Vikram Solar, which debuted in 2025, is at 28% below its offer price. Similarly, Solarworld Energy Solutions is down 24% and Saatvik Green Energy 16% \u2014 highlighting that the valuation projections for clean energy firms are way off mark.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market backdrop:<\/strong> Indian firms raised about INR 2.04 tn (USD 22.4 bn) through IPOs in 2025, but issuance has slowed since the start of 2026, with roughly INR 14.5 bn (USD 160 mn) raised so far. More than 200 firms are awaiting or have received approval from India\u2019s market regulator for listing this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> Brookfield has been expanding its footprint across the Gulf, including the UAE and Saudi Arabia, through investments in real assets and infrastructure, often alongside regional partners. Gulf sovereign capital has also remained active in India\u2019s renewables in recent years. In that context, Clean Max\u2019s listing will be closely watched for market signals on valuations and commercial prospects of green energy startups.<\/p>\n<p class=\"tag-border-left\">Coming up in the IPO pipeline <\/p>\n<ul>\n<li><strong>Walmart<\/strong><strong>-backed Indian digital payments platform PhonePe has secured regulatory approval to proceed with an IPO after submitting a confidential filing in September<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/walmart-backed-phonepe-gets-sebi-approval-india-ipo-source-says-2026-01-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing sources. The company is targeting a listing by mid-2026. The IPO is expected to include an offer for sale by existing shareholders with Walmart, Microsoft, and Tiger Global likely to offload part of their stakes.<\/li>\n<li><strong>Mumbai<\/strong><strong>-based real estate conglomerate K Raheja Corp is reportedly considering an IPO that could raise up to USD 700 mn<\/strong>, potentially setting up one of India\u2019s largest real estate listings, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-20\/india-property-developer-k-raheja-said-to-weigh-700-million-ipo?srnd=phx-india-v2\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people familiar with the matter. The company has held preliminary discussions with bankers and is seeking a valuation of around USD 7 bn. <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/brookfield\/\">Brookfield<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/india-focus\/\">India Focus<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/ipo-watch\/\">IPO WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86784\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"86784\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/uae-telangana-join-hands-to-develop-bharat-future-city\/\">\r\n                            UAE, Telangana to collaborate on Bharat Future City                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/uae-telangana-join-hands-to-develop-bharat-future-city\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Discussions with the UAE included a proposal to form a joint task force to support implementation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Spicejet set to fly from Ahmedabad to Sharjah <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Indian private carrier <\/strong><strong>SpiceJet<\/strong><strong> will launch a direct flight route from Ahmedabad to Sharjah starting Thursday, 5 February<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/flyspicejet\/status\/2013521491204415888?s=20\" style=\"\" rel=\"noopener\">post on X<\/a>. This marks its entry into the UAE-India air corridor, joining carriers such as Emirates, Flydubai, Air India, Qatar Airways, and Etihad Airways. SpiceJet\u2019s international push comes amid <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/10\/indigo-crisis-exposes-structural-weaknesses-in-indias-aviation-sector\/\" style=\"\" rel=\"noopener\">growing troubles for India\u2019s largest carrier<\/a>, IndiGo, which runs dozens of flights along the UAE route. IndiGo was forced by the Indian aviation regulator to cut 10% of its flights following massive flight disruptions in December. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/aviation\/\">AVIATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/telangana\/\">Telangana<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/tourism\/\">Tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86786\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"86786\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/two-speed-china-exports-fly-corporate-profits-lag\/\">\r\n                            China\u2019s export boom masks a domestic squeeze                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/two-speed-china-exports-fly-corporate-profits-lag\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/two-speed-china-exports-fly-corporate-profits-lag\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/two-speed-china-exports-fly-corporate-profits-lag\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Two-speed China: exports fly, corporate profits lag&url=https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/two-speed-china-exports-fly-corporate-profits-lag\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/two-speed-china-exports-fly-corporate-profits-lag\/&title=Two-speed China: exports fly, corporate profits lag\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Two-speed+China%3A+exports+fly%2C+corporate+profits+lag+https%3A%2F%2Fenterpriseam.com%2Fmena-india%2F2026%2F01%2F21%2Ftwo-speed-china-exports-fly-corporate-profits-lag%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/two-speed-china-exports-fly-corporate-profits-lag\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/779.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"86787\" data-permalink=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/two-speed-china-exports-fly-corporate-profits-lag\/779-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/779.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"779.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/779.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/779.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86786\" class=\"content-area-description single-story post-86786 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-china tag-enterpriseam-india tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>China\u2019s exports hit record highs in 2025, generating a<\/strong> <strong>USD 1.2 tn trade surplus<\/strong>, even as exporters faced an uphill battle during the year to tap new markets amid freefalling US orders. The shift, exporters tell <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/society-equity\/us-orders-fade-chinese-salespeople-face-tough-grind-new-markets-2026-01-20\/\" style=\"\" rel=\"noopener\">Reuters<\/a>, came at a hefty price tag in exchange for smaller, less profitable orders and more work, despite headline numbers suggesting a thriving global trade picture.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The export growth followed a pivot away from the US after President Donald Trump\u2019s<\/strong><strong> tariff<\/strong><strong> hikes cut American orders by about a third.<\/strong> Chinese exporters shifted to markets in South America and Africa, where buyers often negotiated tougher terms and smaller orders. Meanwhile, industrial bottom lines fell 13.1% in November, the fastest decline in over a year.<\/p>\n<p class=\"tag-border-left\">A two-speed economy<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strong exports masked weaknesses at home:<\/strong> While China\u2019s GDP grew 5% during the year, investment shrank, and consumption remained sluggish, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-20\/china-unveils-loan-incentives-to-boost-investment-consumption\" style=\"\" rel=\"noopener\">Bloomberg<\/a> notes. Government incentives, including a USD 72 bn loan-backing facility and interest subsidies for SMEs, aim to boost domestic spending and private investment. Still, interventionist policies, overcapacity, and declining household demand have left industrial profitability and wages under pressure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Frontline realities<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Manufacturers in China are struggling to keep their factories running<\/strong>, with widespread job cuts leaving many factories nearly empty, according to the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/30a36338-b1ed-473f-b93b-a0d555609736\" style=\"\" rel=\"noopener\">Financial Times<\/a>. The number of struggling companies \u2014 or \u201czombie companies\u201d \u2014 has reached 12% of the total registered companies, more than doubling since 2018, according to a study by Natixis\u2019 chief Asia-Pacific economist, Alicia Garc\u00eda-Herrero.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The contrast highlights China\u2019s economic divide<\/strong>, as exports surge while domestic industries struggle, leaving workers and households with stagnant wages, layoffs, and few prospects, the FT claims. Analysts expect the divide to widen as Beijing doubles down on its export-led growth by supporting its high-tech sector to compete with the US \u2014 allowing the housing market to keep deflating.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> MARKETS THIS MORNING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Asia-Pacific markets were broadly in the red this morning, weighed down by Washington\u2019s threats of imposing tariffs on European countries over Greenland. Investors continued to pour into safe havens, driving up gold prices even further. The Hang Seng Index and mainland China\u2019s CSI 300 were just marginally in the green, while other markets including Japan\u2019s Nikkei and South Korea\u2019s Kospi were trading down. Futures indicate Wall Street is in for a better start to trading, with Dow Jones, S&P 500, and Nasdaq futures trading up. <\/p>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table markets-table'>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Sensex<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">82,006<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: -3.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>NIFTY 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">25,157<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: -3.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,200<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.05% (YTD: +2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,385<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.16% (YTD: +5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,936<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +4.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">45,948<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +9.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Boursa Kuwait<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,227<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>QSE<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,233<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +4.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,796<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2% (YTD: -0.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,127<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.0% (YTD: +2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,877<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.24% (YTD: +1.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 59.31<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.7% <\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4.71<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+20% <\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,865<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.1% <\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 89,315<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.8%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The values in the table above are listed according to the market position as of 3:30pm IST \/ 2pm GST.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/financial-markets\/\">Financial markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/mena-india\/tag\/planet-finance\/\">PLANET FINANCE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"86788\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/21\/86788\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-86788\" class=\"content-area-description single-story post-86788 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">JANUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 January (Monday): Republic Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27 January (Tuesday): India-EU <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mea.gov.in\/press-releases.htm?dtl\/40336\/Joint_Press_Release_on_the_11th_India__EU_Foreign_Policy_and_Security_Consultations_and_the_6th_IndiaEU_Strategic_Partnership_Review_Meeting_in_Brusse\" style=\"\">Summit<\/a><\/span><span style=\"font-weight:400;\"> (To potentially finalize FTA), New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-30 January (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/indiaenergyweek.com\/event\/2026\/_home\" style=\"\">India Energy Week 2026<\/a><\/span><span style=\"font-weight:400;\">, ONGC Advanced Training Institute, Goa.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30-31 January (Friday-Saturday): India-Arab Foreign Ministers\u2019 <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.newindianexpress.com\/thesundaystandard\/2026\/Jan\/18\/india-will-host-22-arab-foreign-ministers-meet\" style=\"\">Meeting<\/a><\/span><span style=\"font-weight:400;\">, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 January-1 February (Friday-Sunday):<\/span><span style=\"\"><a href=\"https:\/\/indiaagriexpo.com\/\" style=\"\"><\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/indiaagriexpo.com\/\" style=\"\">India Agri Expo 2026<\/a><\/span><span style=\"font-weight:400;\">, Ludhiana Exhibition Centre, Punjab.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">31 January (Saturday): Commencement of Budget Session 2026, Parliament of India, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 February (Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dea.gov.in\/files\/announcements_documents\/Budget_Circular202627.pdf\" style=\"\">Union Budget 2026-27<\/a><\/span><span style=\"font-weight:400;\">, Parliament of India, New Delhi. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-8 February (Monday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.muscatdaily.com\/2026\/01\/12\/film-festival-to-celebrate-70-years-of-oman-india-ties\/\" style=\"\">IndOman International Film Festival<\/a><\/span><span style=\"font-weight:400;\"> 2026, Muscat.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3-6 February (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.indembassydili.gov.in\/section\/upcoming-events\/52nd-year-of-chemtech-world-expo-2026-3rd-6th-february-2026-bombay-exhibition-centre-goregaon-mumbai-india\/\" style=\"\">ChemTECH World Expo 2026<\/a><\/span><span style=\"font-weight:400;\">, Jio World Convention Centre, Mumbai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>9-10 February (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mcciapune.com\/initiatives\/pibs\/\" style=\"\">Pune International Business Summit (PIBS)<\/a><\/span><span style=\"font-weight:400;\">, SL Kirloskar Convention Center, JW Marriott, Pune.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-18 February (Saturday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/mail.mgovcloud.in\/zm\/reUrlCheck.do?url=https%3A%2F%2Fwww.ihgfdelhifair.in&uvd=080112bc01b0ca97b3b9c382fe8695f75900007551b3edcfcc2ddb715e6c6aafa782978c518a566cb3f6f21a7ffe245f0866d9739a2e499cb927e87a01a88796ae6f12bc9f57b01a3453a8582efd9c34348988c22f6b91180b551b1f376e9f25031cfc37c4ea8c2dd794586260eb4f7ab8d4b819af61d02b8c79bca5ed6019798dfd57476ad58a6ae69453df1092abdeb0411daa73a5e4730634ee6589ce7c65e0c0d835fceb01d9978da96482e3f4d3f54cb2fbe191fc12a2a26b6fc98eaaec21\" style=\"\">IHGF Delhi Fair<\/a><\/span><span style=\"font-weight:400;\">(Spring) 2026, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-20 February (Thursday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/impact.indiaai.gov.in\/\" style=\"\">India-AI Impact Summit<\/a><\/span><span style=\"font-weight:400;\">, Bharat Mandapam, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 February (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wsds.teriin.org\/\" style=\"\">World Sustainable Development Summit<\/a><\/span><span style=\"font-weight:400;\">, Taj Palace, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4 March (Wednesday): Holi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12 March (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/b2b.economictimes.indiatimes.com\/entrepreneur-summit?ag=events_listing&utm_source=events_listing&utm_medium=eventListing\" style=\"\">ET Entrepreneur Summit & Awards 2026<\/a><\/span><span style=\"font-weight:400;\">, Bengaluru.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-22 March (Thursday-Sunday): Bharat Urja Manthan - <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.globalenergyconclave.com\/\" style=\"\">Global Energy Conclave<\/a><\/span><span>, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20 March (Friday): Eid Ul-Fitr.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 March (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/indiasoft.org\/delegates-registration\/\" style=\"\">Indiasoft 2026: International IT Exhibition & Conference<\/a><\/span><span style=\"font-weight:400;\">, New Delhi<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 March (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.smartcitiesindia.com\/\" style=\"\">Smart Cities Expo<\/a><\/span><span style=\"font-weight:400;\">, Bharat Mandapam, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 March (Monday-Wednesday):<\/span> <span style=\"text-decoration-skip-ink:none;font-size:11.5pt;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/plastiworld.org\/\" style=\"\">PLASTIWORLD India<\/a><\/span><span style=\"font-size:11.5pt\"> 2026, Jio World <\/span><span>Convention<\/span><span style=\"font-weight:400;font-size:11.5pt;\"> Centre, Mumbai.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">31 March (Tuesday): Mahavir Jayanti.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">Signposted to happen sometime in March 2026<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">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.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">3 April (Friday): Good Friday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 April (Thursday-Saturday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/conclave.railanalysis.com\/\" style=\"\">Rail & Metro Technology Conclave 2025<\/a><\/span><span style=\"font-weight:400;\">, Bharat Mandapam, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29 April-2 May (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bharatbuildcon.com\/\" style=\"\">Bharat Buildcon 2026<\/a><\/span><span style=\"font-weight:400;\">, Yashobhoomi, Dwarka, Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-10 April (Tuesday-Friday), <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.indiarubberexpo.in\/\" style=\"\">India Rubber Expo 2026<\/a><\/span><span style=\"font-weight:400;\">, ITPO, Pragati Maidan, Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 May (Friday): Buddha Purnima.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 May (Tuesday): Eid Ul-Adha.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-25 June (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/homelandsecurityexpo.in\/datesvenue.php#\" style=\"\">India Homeland Security Expo 2026<\/a><\/span><span style=\"font-weight:400;\">, Bharat Mandapam, Pragati Maidan, New Delhi.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 June (Friday): Muharram.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Signposted to happen sometime in 1H 2026:<\/span><\/p>\n<ul>\n<li><span>Signing of <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/india-qatar-trade-deal-by-q3-next-year-piyush-goyal\/articleshow\/124350957.cms\" style=\"\">India-Qatar Free Trade Agreement<\/a><\/span><span style=\"font-weight:400;\"> (Details yet to be announced).<\/span><\/li>\n<li><span>India-EU Trade and Technology Council <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mea.gov.in\/press-releases.htm?dtl\/40336\/Joint_Press_Release_on_the_11th_India__EU_Foreign_Policy_and_Security_Consultations_and_the_6th_IndiaEU_Strategic_Partnership_Review_Meeting_in_Brusse\" style=\"\">Ministerial Meeting 2026<\/a><\/span><span style=\"font-weight:400;\">, Brussels, Belgium.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUGUST <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15 August (Saturday): Independence Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 August (Wednesday): Prophet Mohammad\u2019s Birthday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2 October (Friday): Gandhi Jayanti (Mahatma Gandhi\u2019s Birthday).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20 October (Tuesday): Dussehra.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">24 November (Tuesday): Guru Nanak Jayanti.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8-11 December (Tuesday-Thursday), <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/expandnorthstar.com\/\" style=\"\">Expand North Star 2026<\/a><\/span><span style=\"font-weight:400;\">, Dubai. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 December (Friday): Christmas Day.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Unicommerce joins hands with Naqel Express | India to expand MENA oil purchases<\/p>\n","protected":false},"featured_media":86771,"menu_order":0,"template":"","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-86770","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"28a9e922-cde9-423d-9a1e-3dd9d40dd83d","teaser":"Unicommerce joins hands with Naqel Express | India to expand MENA oil purchases","photo_url":"https:\/\/ent.news\/2026\/1\/828.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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