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The Latest Breaking News from GCC

Global giants rediscover Chennai: MNCs setting up mega technology centres

Quality technology talent, sound infrastructure and relatively lower cost of living keep Chennai on the radar of MNCs that want to set up “back offices” or “offshore” units. But the city lost out to Bengaluru and Hyderabad in the early 2000s when Google, Intel, Qualcomm, Amazon, Facebook, and many others…

The Times of India

IMF Projects GCC Growth to Accelerate to 6.4%

The International Monetary Fund (IMF) said the Russian invasion of Ukraine is significantly affecting the growth prospects of the developing economies in the Middle East and North Africa (MENA), while oil-exporting countries benefit from higher crude prices. In its "Regional Economic Outlook: the Middle East and Central Asia," the IMF…

Asharq Al-Awsat

UN, US Seek Funding to Save Safer Tanker off Yemen

The Gulf Cooperation Council (GCC) stressed on Sunday its support to all international efforts aimed at salvaging the Safer oil tanker that has been moored off the coast of Yemen's Hodeidah for years. Carrying over 1.1 million barrels of crude oil, the FSO Safer tanker’s long-term presence in the Red…

Asharq Al-Awsat

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GCC, South Korea Resume Free Trade Talks on Monday

South Korea and the Gulf Cooperation Council (GCC) will kick off the fourth round of official talks for a bilateral free trade agreement (FTA) in Seoul on Monday, said Seoul's Ministry of Trade, Industry and Energy. The South Korean Yonhap news agency reported that the four-day talks will resume after…

Asharq Al-Awsat

GPCA Calls on Gulf Chemical Industry to Adopt Circular Economy

The Gulf Petrochemicals and Chemicals Association (GPCA) called on the GCC chemical industry to direct business and operating models towards achieving the objectives of the circular economy, decarbonization, and overcoming fundamental structural challenges. Speaking at the second edition of the GPCA leaders’ forum, Chairman GPCA and Sabic CEO Yousef al-Benyan,…

Asharq Al-Awsat

Saudi Crown Prince Says There’s an Opportunity to Boost Interests with US or Downgrade Them

Saudi Crown Prince Mohammed bin Salman said the Kingdom has “a long, historical relationship with America” and that there’s “a huge opportunity to boost” all interests. “And there is also a big possibility it could be downgraded in many areas,” he said. “Whether you want to win in Saudi Arabia…

Asharq Al-Awsat

Sisi Says Security of Egypt, Kuwait, GCC States Indivisible

Egyptian President Abdel Fattah al-Sisi made on Tuesday a one-day visit to Kuwait where he met with Emir Sheikh Nawaf al-Ahmad al-Jaber Al Sabah. Sisi also held talks with Crown Prince Sheikh Mishal al-Ahmad al-Jaber Al Sabah and Prime Minister Sheikh Sabah al-Khaled al-Hamad Al Sabah. He affirmed that the…

Asharq Al-Awsat

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