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The Latest Breaking News from GCC

Nearly 70% of India's GCCs stuck at AI pilot stage: Dell-Zinnov report

The report, titled 'India GCCs 2030: From Capability Centers to Agentic Transformation Engines', noted that while ambition remains high, approximately 55% of routine GCC work is currently exposed to AI-led automation, necessitating that nearly 60% of the workforce undergo reskilling by 2030.

The Economic Times · 15h ago

Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude's other chokepoint

Foreign ministers from the Gulf Cooperation Council—which is comprised of Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman—will meet their Iranian counterpart on Monday.

Fortune · Sep 11

MSPs to debate future of iconic Glasgow landmark

The fight to save a much-loved Victorian park attraction is being taken to the Scottish Parliament

The National (Scotland) · Sep 10

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Govt eyes to make Pune, its metropolitan region one of most sought-after areas in 2 years: Fadnavis

Maharashtra's Chief Minister unveiled a vibrant plan for Pune's transformation. This initiative aims to enhance urban infrastructure over the next two years. The government will finance and implement this comprehensive development strategy. Mobility improvements and new metro operations are also planned for the region. Pune is targeted to become a…

The Economic Times · Sep 4

India’s $100-billion GCC boom runs into an engineer talent puzzle

India's Global Capability Centres sector is rapidly expanding and generating significant revenue. However, a substantial gap exists between engineering graduates and job-ready talent. Companies are investing heavily in upskilling and reskilling existing employees to meet demand. Apprenticeship programs and exploring tier-two cities are also key strategies. Closer industry-academia collaboration is…

The Economic Times · Sep 3

Foreign BFSI firms setting up more GCCs; rent highest 7.32 million sq ft office space in H1: Knight Frank

Foreign banking firms significantly boosted office space leasing for global centers. This sector's demand for office space rose seventy percent year-on-year. IT and IT-enabled services companies saw a decrease in their office space absorption. Other service companies also increased their office space leasing across major cities. India's commercial real estate…

The Economic Times · Aug 29

GCCs, tightening supply to keep India's office market on growth track: Equirus

India's commercial real estate market is expected to remain strong, supported by continued expansion of Global Capability Centres (GCCs), limited new office supply and rising demand for institutional-grade workspaces, according to a latest report by Equirus.

The Economic Times · Aug 28

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Finding right talent biggest challenge for GCCs eyeing workforce expansion: Report

Taggd is a digital recruitment and talent fulfilment company. The report is based on inputs from over 100 CHROs and talent acquisition leaders, along with closed-door roundtables across major GCC hubs.

The Economic Times · Aug 26

India, Gulf bloc discuss next steps on free trade agreement

India and the Gulf Cooperation Council reviewed free trade agreement negotiations in Riyadh. Discussions focused on strengthening bilateral relations and regional developments. Both sides affirmed the importance of continued coordination for stability. The GCC is India's largest trading partner bloc by far. Bilateral trade reached USD 178.56 billion in 2024-25.

The Economic Times · Aug 24

Indian realty market remains divided amid affordability pressures and GCC-led commercial demand

The commercial real estate sector in India is witnessing robust demand for leasing and a decline in vacancy rates. Global Capability Centres are significantly contributing to office space absorption. Furthermore, flexible workspace operators are experiencing impressive revenue growth annually. This commercial vitality is advantageous for Real Estate Investment Trusts, which…

The Economic Times · Aug 20

Coinbase establishes Abu Dhabi tokenization hub as GCC blockchain market flourishes

Coinbase's decision to base its global tokenization hub in Abu Dhabi is the latest sign that the emirate's bet on regulated digital assets is paying off—with $500 billion in GCC assets predicted to move onto blockchain by 2030.

Fortune · Aug 19

The global ‘freedom of the seas’ is dying in the Strait of Hormuz—and everyone, everywhere, will pay the tolls

Iran forcing a fee structure in the Strait of Hormuz may trigger a global domino effect.

Fortune · Aug 18

Seven states plan 1,380 new GCCs, to help create 12 lakh jobs by 2031: CBRE

Seven states are establishing dedicated policies for Global Capability Centres. These initiatives aim to create approximately 1.18 million jobs by the year 2031. Karnataka targets 500 centres and 3.5 lakh new employment opportunities. Maharashtra plans 200 centres, expecting 4 lakh jobs, while Rajasthan targets over 200 centres. Other states are…

The Economic Times · Aug 14

India’s next competitive advantage must be built, not inherited

India aims to lead global growth by building integrated capabilities and executing effectively. Its GCC base and digital infrastructure offer significant strategic advantages for expansion. Manufacturing ambitions extend beyond fabrication to encompass the entire global value chain. Startups and deep-tech ventures require patient capital and institutional support for success. Talent,…

The Economic Times · Aug 14

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The Economic Times · Aug 13

Chennai property owners: Received a higher property tax notice? Here's what the revised GCC notice means and how to challenge it

Chennai property tax increased? Chennai property owners receiving higher tax demands need not panic. The Greater Chennai Corporation has clarified it has not raised property tax rates citywide. Revised notices have been sent only to properties found to be under-assessed or wrongly assessed, and owners have 15 days to appeal.

The National (Scotland) · Aug 12

More than 12,000 call on council to secure future of much-loved Victorian building

More than 12,000 people are calling on the council to ensure that a much-loved Victorian park attraction stays under public ownership.

The Economic Times · Aug 12

90% of India’s GCC leaders confident through 2030, but AI literacy stuck at 27%

India's Global Capability Centres are becoming AI hubs, but leadership AI literacy remains low. Most leaders are confident India will lead globally through 2030. However, less than 30% of leaders possess sufficient AI literacy for strategic decisions. GCCs must reskill over 40% of their workforce for this AI transformation.

Fortune · Aug 12

Iran wants a mafia-style ‘protection’ toll on the Strait of Hormuz, but the eye-popping $20 billion per year haul is a pipe dream

Details of any tolling or voluntary fee system are unlikely to be finalized in any potential interim deal, further delaying a permanent peace solution.

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The Economic Times · Aug 10

India’s GCCs trade hefty headcount for specialised talent

Global Capacity Centres are becoming smaller and more engineering-focused. India's GCC market is projected to reach one hundred billion dollars by 2030. Companies are prioritizing specialized talent and faster product development. Artificial intelligence enables greater output with smaller, agile teams. Value density and strategic work routing now define center importance.

Windows Central · Aug 3

Microsoft Teams just added an app to help you skip meetings

Microsoft's July 2026 Teams update introduces a dedicated Recap app for meeting summaries, transcripts, and recordings.

The Economic Times · Aug 3

UAE eVisa guide for GCC residents: Who can apply and how to get the entry permit

GCC residents can now apply for an electronic entry permit before traveling. This UAE eVisa allows eligible expatriates a stay of up to thirty days. Applicants need a valid GCC residence permit and a passport with six months validity. The application process involves submitting documents and paying applicable fees online.…

The Economic Times · Jul 28

India's AI boom is rewarding engineers more than coders

India's AI and manufacturing push is reshaping job market, with engineers, technical support professionals and infrastructure roles seeing stronger salary growth than software developers, according to TeamLease. Backed by govt investments in semiconductors, electronics and EVs, the country's next wage boom appears increasingly tied to building and running AI infra.

The Economic Times · Jul 27

UP targets 10% of new GCCs, sets up advisory board

Announcing the roadmap at the GCC Summit 2026, Alok Kumar, principal secretary, information technology and electronics, said the state is focusing on policy support, digital infrastructure, talent development, and coordination across departments to attract new GCC investments.

The Economic Times · Jul 25

GCCs may account for nearly half of India's office leasing in 2026: Report

India's office market has remained resilient, with GCCs strengthening their role in leasing activity. During the first half of 2026, GCCs leased 16.6 million square feet of Grade A office space, accounting for 46% of total office leasing across the top seven cities, the report said.

The Guardian - US · Jul 20

‘It needs to end now’: Democrats urge Trump to halt Iran war after US troop deaths

President accused of having ‘lost control of this war’ as deaths of trio in Iranian military strikes fuel rising concern

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