Smarter Markets, Stronger Economies: AI-Driven Deregulation for the Digital Age
The wearable technology market is set for exponential growth, with projections indicating a compound annual growth rate (CAGR) of 12.8% from 2022 to 2031, according to a recent report by Allied Market Research. The market, valued at $62.5 billion in 2023, is expected to reach $198.8 billion by 2032, reflecting an expanding consumer demand for…
Brussels, Belgium – The European Union’s €200 billion investment in artificial intelligence (AI) under the newly launched InvestAI initiative has sparked excitement across industries, but for small and medium enterprises (SMEs), the implications remain mixed. While this monumental financial commitment aims to boost Europe’s AI competitiveness, questions linger over whether SMEs will benefit or struggle…
Paris, France – In a major boost to France’s artificial intelligence (AI) ambitions, Canadian investment giant Brookfield Asset Management has announced a €20 billion investment in AI infrastructure, particularly in data centers. The announcement was made during France’s AI Summit, where President Emmanuel Macron revealed a total of €109 billion in private sector commitments aimed…
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For centuries, economic systems have depended on human decision-making, regulatory institutions, and ideological frameworks to manage resource allocation, production, and distribution. Capitalism uses market forces, socialism depends on planning, and mixed economies attempt a balance. But a new paradigm is emerging—AI-driven economic governance—where supercomputers and real-time data analytics play a central role in optimizing efficiency,…
Read More “AI as the New Invisible Hand: Can Algorithms Create the Ultimate Free Market?” »
The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, introduces several measures aimed at strengthening India’s economic framework, particularly focusing on the Micro, Small, and Medium Enterprises (MSME) sector. The budget emphasizes credit availability, manufacturing expansion, employment generation, and green energy development, shaping a roadmap for inclusive and sustainable growth. Key Budget Highlights for…
Read More “Indian Budget 2025: Key Highlights and Impact on MSMEs, Jobs, and Economic Growth” »
For the first time, UK accountants now have easier access to visas to work in Australia and vice versa thanks to the Free Trade Agreement. This agreement will not only aid SMEs in their global pursuits but also enhance accountants’ own international expertise, according to Vicki Stylianou, Group Executive Advocacy & Professional Standards for the…
Deregulation, tax reforms, and pro-business policies continue to shape economic discourse worldwide. While governments across developed and emerging economies have undertaken significant regulatory reforms—ranging from the UK’s post-Brexit adjustments to India’s ongoing business compliance simplifications—the conversation around bureaucratic inefficiencies, compliance costs, and regulatory bottlenecks remains critical. One of the most transformative levers of deregulation today…
Read More “Breaking Bureaucracy: Technology-Driven Deregulation for the 21st Century” »
With Gemini in Google Sheets, business owners, entrepreneurs, and analysts can now generate charts and gain AI-driven insights effortlessly. The AI assistant understands natural language queries, allowing users to request specific insights or chart visualizations without manual data manipulation.
Addressing the rising demand for flexible and affordable logistics solutions, Borzo (formerly WeFast) has introduced an innovative ‘End-of-Day’ delivery service. Designed for businesses and individuals prioritizing convenience over urgency, this service ensures same-day delivery by the close of business hours, offering a cost-effective alternative to next-day and express shipping options.
data privacy is not merely a compliance issue—it is a cornerstone of trust and business continuity. While large enterprises have robust mechanisms and budgets to address data privacy concerns, small and medium enterprises (SMEs) and micro-businesses remain highly vulnerable to data breaches. These businesses often operate with limited financial, technological, and human resources, making them prime targets for cyberattacks. The challenges they face are multifaceted, ranging from lack of awareness and expertise to insufficient infrastructure and regulatory compliance. Addressing these issues requires tailored solutions and collaborative approaches.
India’s Micro, Small, and Medium Enterprises (MSMEs) have emerged as a transformative force in shaping the country’s economic future. Beyond their role in exports and GDP contribution, MSMEs have become a dynamic platform for fostering innovation, inclusivity, and regional economic integration. Growth and Export Performance Over the past few years, India’s MSME sector has witnessed…
Read More “MSMEs transforming India’s Economic Landscape” »
Workplace safety is a shared responsibility requiring collective efforts from governments, industry associations, chambers of commerce, and MSMEs themselves. While resource constraints often hinder smaller enterprises, targeted strategies focusing on awareness, training, and collaboration can bridge these gaps. Below is a reimagined approach to enhancing safety through stakeholder involvement
Workplace safety and security are fundamental not only to safeguarding human life but also to achieving long-term, sustainable economic growth. A safe workplace fosters productivity, enhances employee morale, and ensures compliance with global labor standards, which are increasingly scrutinized in a connected global economy. For businesses of all sizes, ensuring workplace safety is a non-negotiable imperative. However, Micro, Small, and Medium Enterprises (MSMEs) face unique and often disproportionate challenges due to their limited resources, lack of access to training, and minimal regulatory oversight.
This article critically evaluates the alignment of industrial policies with public aspirations and their impact on enterprise development. Dr. P.M. Mathew examines the limitations of traditional policy frameworks and the need for evidence-based approaches that engage diverse stakeholders, including governments, financial institutions, and civil society. By highlighting the importance of stakeholder collaboration, development communication, and…
Read More “Enterprise Development: Exploring the Fifth Wheel of Stakes?” »
In an era of “jobless growth,” the India World of Work Lab (IWWL) by ISED unravels the evolving nature of jobs and work. From digital transformation to flexible work models, IWWL explores how economic growth and technology are reshaping income opportunities. With insights into historical transitions and future trends, the lab serves as a research and advisory hub for policymakers, educators, and businesses navigating this dynamic landscape.
Step into the future of small and medium enterprises with our latest edition! This issue dives into workplace transformation, automation in SMEs, intra-BRICS trade growth, and entrepreneurial skills for 2025. It also features insights into sustainable tourism, gender equality initiatives, and regional trade opportunities shaping business landscapes. Key Topics Covered: ✅ India World of Work…
Read More “🌟 Global SME News Winter 2024-25: Pathways to 2025 🌟” »
Kerala, often called “God’s Own Country,” is a land of enchanting landscapes, tranquil backwaters, and vibrant culture. Nestled in the heart of this paradise lies Lake Vechoor Villas, an exclusive retreat on the serene banks of Vembanad Lake near Kottayam. Offering a perfect blend of luxury and nature, this five-acre property is a haven for…
Read More “Luxury and Tranquility Redefined: Lake Vechoor Villas in Kerala’s Serene Backwaters” »
The Ministry of Micro, Small, and Medium Enterprises (MSME), Government of India, has concluded a groundbreaking year in 2024, marked by significant achievements, innovative initiatives, and strategic collaborations. With over 6.3 crore enterprises, the MSME sector continues to play a vital role in the Indian economy, second only to agriculture in terms of employment generation….
Read More “The Year 2024: A Transformational Year for MSMEs in India” »
Manmohan’s contributions to the India’s industrial economy is often perceived by the popular media in terms of the New Industrial Policy(1990);in fact, it was more broadbased. Beyond his roles as a bureaucrat-turned-politician, Dr. Singh inspired generations of budding economists.
By combining renewable generation with cutting-edge storage, the Abydos project sets a benchmark for future energy initiatives in North Africa, enhancing grid stability and accelerating the shift toward a sustainable energy future.
India MSME Report 2024, by ISED Small Enterprise Observatory, is India’s only comprehensive MSME reference document. It explores technology, finance, solopreneurship, and the Vision MSME 2047 roadmap, while analyzing entrepreneurship trends, labor markets, and MSME linkages. Positioned as a strategic tool for economic growth, the report highlights MSMEs as engines of economic resilience, delivering key…
Inaugurated under the patronage of His Excellency Sheikh Nahayan Mabarak Al Nahyan, Tawdheef x Zaheb 2024 serves as a gateway to employment and empowerment for Emiratis. With more than 1,000 job opportunities and comprehensive career development programs, this event underscores the UAE Government’s commitment to Emiratisation. Currently, over 115,000 Emiratis are employed in the private sector, with a vision to integrate over one million UAE nationals into the workforce by 2030, setting the stage for a thriving and inclusive economy.
The economic ties between Qatar and the UAE have witnessed remarkable growth in recent years. Between 2021 and 2023, trade volumes between the two nations surged by 19%, underscoring the importance of initiatives like this mission in fostering bilateral trade and economic stability in the Gulf region.
Intra-BRICS trade has emerged as a transformative force within the global economic landscape, embodying a shift towards greater regional integration and South-South cooperation. The strategic realignment of Brazil, Russia, India, China, and South Africa aims not only to diversify trade portfolios but also to mitigate dependencies on developed economies by fostering stronger intra-bloc economic collaboration….
The BRICS Joint Statistical Publication (JSP) serves as a vital reference for understanding the socio-economic landscape of the BRICS nations, offering a comprehensive overview of key indicators across Brazil, Russia, India, China, South Africa, and other newly inducted members. This public document captures the dynamic changes and comparative statistics of these countries, presenting crucial data…
Read More “BRICS 2024 Joint Statistical Publication” »
The Digital Economy Partnership Framework lays the groundwork for deeper integration that could lead to a larger economic union. Such a move would represent a significant step in advancing economic integration, enabling free movement of goods, services, capital, and digital innovation across member states. This integration would boost intra-bloc trade, attract foreign investment, and enhance…
Read More “Digital Trade and Integration: Towards a BRICS+ Economic Zone” »
As the world adapts to rapid technological advances, the dawn of Industry 5.0 marks a pivotal shift in the landscape of manufacturing and enterprise. Building upon the foundations laid by Industry 4.0, which focused on automation, the Internet of Things (IoT), and data exchange, Industry 5.0 introduces a crucial element to the equation: the human touch. With an emphasis on human-machine collaboration, personalized manufacturing, and sustainable innovation, Industry 5.0 is particularly transformative for small and medium enterprises (SMEs), offering opportunities to enhance efficiency while empowering their workforce.
Special Report: Global SME News (globalsmenews.com) As environmental concerns grow, consumers are increasingly favoring brands that prioritize sustainability. Micro, small, and medium-sized enterprises (MSMEs) face the challenge of aligning with these expectations. Adopting eco-friendly packaging can reduce plastic waste, enhance brand reputation, and tap into consumer demand for sustainable alternatives. This report outlines key innovations…
Read More “ECO-FRIENDLY PACKAGING SOLUTIONS Reducing Plastic Waste in the Supply Chain” »
The largest event in Europe dedicated to small and medium-sized enterprises (SMEs) is back. The 14th European Congress of SMEs will take place from October 29 to 30, 2024, at the International Congress Centre in Katowice, Poland, under the banner “Shape the Future Now.” This highly anticipated event is a pivotal moment for entrepreneurs, business leaders, and policy makers.
“The Smart Village Project will enhance living conditions, create over 5,000 jobs, and provide essential services to 400,000 villagers, marking a transformative step in Zambia’s rural development.” — President Hakainde Hichilema Muchila, Zambia, July 17, 2024 — In a groundbreaking initiative poised to transform rural life across Zambia, Huawei Technologies and the Government of Zambia…
Read More “Huawei and Zambian Government Join Forces to Launch 100 Smart Villages” »
July 19 2024 #GlobalCyberOutage, triggered by a #CrowdStrike software update, severely disrupted industries ranging from travel to finance, highlighting the risks inherent in our reliance on digital and interconnected technologies. This incident underscores the urgent need for preparedness in a digitally dependent world. Organizations must recognize the inevitability of cyber disruptions and develop robust contingency plans that ensure operational continuity. This involves not only securing data but also preparing for large-scale data transmission and internet blockages. Ensuring that business operations can continue smoothly amidst unforeseen disruptions is crucial for navigating the complexities of our interconnected world.Future preparedness will much depend on a strategy that adopts technologies enhancing efficiency without replacing human capital.
Artificial Intelligence (AI) is revolutionizing industries, creating a plethora of new job roles across healthcare, finance, retail, and more. Let’s explore some of these emerging roles, the essential skills required, and the educational pathways that can lead to a successful AI career. Watch the video: Exploring AI Careers: Emerging Job Roles, Essential Skills, and Educational…
Read More “Emerging Job Roles in AI” »
The last-mile delivery company Borzo has elevated Alina Kisina as the CEO from her previous role of Global VP Sales at Borzo with effect from May 2024.
Artificial Intelligence (AI) is revolutionizing industries globally, and Micro, Small, and Medium-sized Enterprises (MSMEs) are no exception. While large corporations have long leveraged AI to drive innovation and efficiency, MSMEs are increasingly adopting AI to remain competitive and enhance their operations. Here’s a look at how AI can be applied in MSMEs and the transformative…
Read More “Transforming Micro, Small, and Medium-Sized Enterprises with AI” »
A new Kaspersky report reveals a 5% rise in cyber infections targeting SMBs in Q1 2024, with Microsoft Excel as the primary attack vector. Trojans remain the most prevalent threat, highlighting the need for enhanced cybersecurity measures and employee training to protect these crucial economic entities. A new Kaspersky report highlights a troubling rise in…
Read More “ SMB Cyber Infections Rising Amid Resurgence of Attacks Leveraging Microsoft Excel” »
Borzo announces ‘Borzo Connect’ conference for entrepreneurs and business leaders to address MSME Challenges
The India Enterprise and Entrepreneurship (E&E) Report 2024 was officially released by Mr. P. Rajeev, Hon’ble Minister for Industries & Law, Government of Kerala, during the 36th Foundation Day celebration of the Institute of Small Enterprises and Development (ISED) at Hotel Abad Plaza, M.G. Road, Cochin, 8 June 2024. The report, prepared jointly by the ISED Centre for Monitoring Enterprise Development in the States (ISED-CMEDS) and the ISED Small Enterprise Observatory (ISED-SEO), offers a comprehensive analysis of the current state and future prospects of small enterprises and entrepreneurship in India.
Abu Dhabi, 06 June 2024 — The Abu Dhabi Department of Economic Development (ADDED) in collaboration with the Abu Dhabi Free Zones Council launched the Unified Economic License in Abu Dhabi, spearheaded by Khalifa Economic Zones Abu Dhabi (KEZAD Group), Abu Dhabi Airports Free Zone (ADAFZ), Masdar City Free Zone, and Creative Media…
Read More “Abu Dhabi launches the unified economic licence to enhance ease of doing business” »
Dubai, UAE, 5 June 2024: The second day of this year’s INDEX, the Middle East’s leading event for interior designers, retailers, and fit-out contractors, saw visitors treated to a slew of engaging panel sessions as thousands of international industry professionals filled Dubai World Trade Centre seeking new business opportunities and insights into the latest topics…
The Institute of Small Enterprises and Development (ISED), a premier think-tank dedicated to enterprise and entrepreneurship, is set to release a groundbreaking report on the state of enterprise and entrepreneurship across India’s states and regions.
WIPO Member States Adopt Historic New Treaty on Intellectual Property, Genetic Resources and Associated Traditional Knowledge
Trinasolar announces three transformative distributor partnerships, marking a significant expansion in its reach across the Middle East and Africa (MENA). Partnering with Noon for Renewable Energy in Lebanon, Al Takamul Engineering in Palestine, and Golden Sun Solar Solutions in Sudan, Trinasolar is poised to deliver a total of 110MW modules, including the cutting-edge Vertex N…
The General Council for Islamic Banks and Financial Institutions (CIBAFI conducted a two-day technical workshop on ‘Advancing Climate Action in Islamic Finance: Practical Insights on GHG Measurement & Reporting.’ This initiative aligns with the declaration made by the Islamic Finance Infrastructure Organisations at COP28. It highlights CIBAFI’s dedication to promoting sustainability and addressing global climate…
The Dubai Department of Economy and Tourism (DET) has launched its first ‘Dubai Sustainability Report’ at the Arabian Travel Market, spotlighting the city’s strides and ongoing efforts in sustainability. The report supports the Dubai Economic Agenda (D33), aiming to place Dubai among the top three global cities for business, leisure, and living.
Davis & Shirtliff, a leading provider of water and energy solutions in East Africa, has teamed up with Trina Solar, a Tier-I global leader in PV modules and smart energy solutions, to drive solar power adoption in the region. The partnership aims to promote sustainability, energy security, and economic growth through the distribution of innovative solar panels and educational campaigns. With increasing demand and government initiatives, solar energy is transforming East Africa’s energy landscape, offering benefits such as reduced carbon emissions and improved energy access.
RAKBank, in collaboration with RFI Global, has unveiled the inaugural SME Confidence Index report. This comprehensive study sheds light on the current state of SMEs in the UAE, revealing a remarkable rebound in confidence and a promising outlook for the future.
Public libraries, vital in today’s digital era, evolve beyond traditional roles into dynamic hubs for collaboration and innovation. They foster lifelong learning and cultural exchange. They have to evolve as shared workspaces for creators and entrepreneurs, leveraging existing infrastructure to boost economic growth. With India’s extensive network of over 54,000 public libraries, converting them into coworking spaces addresses the challenges of workspace and technology access. By strategically allocating resources and establishing membership models for “shared workspace users”, libraries become catalysts for knowledge-driven entrepreneurship. This transformation empowers enterprising youth and fosters economic prosperity, aligning with global trends in the knowledge and creative economy.
WorldFirst’ Propels Southeast Asian SMEs to Success with Enhanced E-commerce Financial Solutions
“Guide to Bank Branch Management” is a valuable resource for branch managers and other banking professionals. It is well-written, informative, and practical. I highly recommend it to anyone who wants to learn more about branch management or improve their branch’s performance.
In a significant step towards accelerating climate action within the private sector, the COP28 Presidency has joined forces with the SME Climate Hub and We Mean Business Coalition to launch a comprehensive program tailored specifically for small and medium-sized enterprises (SMEs) operating in the Middle East and North Africa (MENA) region. Dubbed COP28 & SME…
In the dynamic landscape of the United Arab Emirates (UAE), where the economic ecosystem is evolving at an unprecedented pace, one partnership stands out as a transformative force for Small and Medium Enterprises (SMEs). The groundbreaking collaboration between Meydan Free Zone and Aramex,, is set to redefine the relevance and impact of freezones for SMEs…
Enhancing the income of farmer households is crucial for improving their living standards, welfare, providing quality education for their children, reduce agrarian distress and bring parity between income of farmers and those working in non-agricultural professions. A significant growth in farmer income is crucial for Indian farmers, given the detrimental effects of low and fluctuating farm income. To address these challenges, governments have taken various measures. One notable strategy receiving attention is the agenda of doubling farmer income (DFI). The Inter-Ministerial Committee’s recommendations focus on recognizing agriculture as a value-led enterprise(NITI policy paper No.1/2017).
Robots, AI and computers cannot replace the real human: the entrepreneur.
With the growing influence of AI, robotics, and mechanisation, the human role is getting minimised. Mass-scale job-creating industries were already extinguished decades ago. Today, more and more jobs and roles are being affected, as well as the business model and the way production happens and services are delivered.
Over 50 leading trade representatives from across India convened at a CAIT national meet, where they unanimously agreed to spearhead efforts to boost exports to Russia. The immediate opportunity in FMCG and processed foods alone is estimated to be worth over $10 billion. When categories like garments, footwear, and pharmaceuticals are factored in, the potential is even greater.
In 2010-2019 average annual global greenhouse gas emissions were at their highest levels in human history, but the rate of growth has slowed. Without immediate and deep emissions reductions across all sectors, limiting global warming to 1.5°C is beyond reach. However, there is increasing evidence of climate action, said scientists in the latest Intergovernmental Panel…
Read More “Global greenhouse gas emissions at their highest levels” »
Newly up-graded platform is more effective in many ways; Qualitative and quantitative data allows for individual and group examination of small enterprises and business support organizations, offering vital research to aid in trade policy formation. The new platform can be accessed at www.ITCBenchmarking.org . The International Trade Centre (ITC) launched an “upgraded Benchmarking Platform”, which…
Read More “International Trade Centre launched upgraded Benchmarking Platform” »
Sri Lanka’s economic crisis has left its population faced with shortages in essential commodities, including life-saving medicines, and basic food items like rice and milk. While any crisis may be turned into an opportunity, for Lanka, this might be a watershed moment in its quest to make a name for itself in the new knowledge…
Read More “Sri Lanka: channelizing human capital for diversification in the knowledge economy” »
“Innovation in high-end technology creates wealth for the country” Prakash Javadekar Minister of Heavy Industries and Public Enterprises, Government of India
On September 27, 2020, amidst the ongoing COVID-19 pandemic, the IERD-Global SME News hosted a pivotal webinar titled “Tapping into the Entrepreneurial Wave: Opportunities for Micro, Small, and Medium Enterprises.” The event provided a platform for discussing the drastic impact the pandemic had on non-corporate enterprises, including small businesses, micro, small, and medium-sized manufacturing entities,…
