The Latest Breaking News from GCC

Saudi Arabia has been able to score higher than other hydrocarbon producers in many indicators related to the emissions performance of the oil and gas sector. Over the past year, the six Gulf Cooperation Council (GCC) countries have updated their medium-term greenhouse gas emissions targets by submitting revised nationally determined…

Saudi Arabia will allow Gulf residents to easily apply for its e-Visa and residents of the UK, US and EU to get a visa on arrival as the Kingdom bids to attract 100 million visitors annually. The announcement was made on Thursday, and follows a decree signed by the Kingdom’s…

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…

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…

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…

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,…

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…

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…