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The Latest Breaking News from GCC

Retail's Future Takes Shape at The Retail Summit 2024 And Proptech Startup, Estater, Leads the Way

Estater's database encompasses 25,000 square kilometers of urbanized real estate across 8 cities, including Riyadh, Jeddah, Dammam, Khobar, Jubail, Dubai, Kuwait, and Bahrain, with 400 million rows of data.

International Business Times

Saudi Arabia's 2024 Growth Forecast Cut; UAE Leads GCC

Poll reveals Saudi Arabia's reduced economic forecast for 2024, while UAE leads GCC in economic performance. Importance of monitoring Gulf economic trends ...

Top News

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Workers from UP, Bihar, TN constitute majority of workforce from India in M East: Report

Workers from Uttar Pradesh, Bihar, Rajasthan and Tamil Nadu constitute the majority of labour force from India in the construction industry in the Gulf Cooperation Council (GCC) countries. Read further on Dynamite News:

Dynamite News

GCC-listed Companies Register Record Profits

Companies listed in the GCC markets registered record profits last year, achieving remarkable financial results that came in parallel with a significant improvement in post-pandemic economic activity, resulting in one of the best GDP growth rates in 2022. A Gulf report issued on Wednesday showed that the industrial activity in…

Asharq Al-Awsat

GCC Minister Discuss Free Trade Agreement with China

Members of the Financial and Economic Cooperation Committee and the Trade Cooperation Committee of the GCC countries discussed the final report on the technical status of the free trade agreement negotiations between the GCC and China. The meeting completes the vision of the Custodian of the Two Holy Mosques, King…

Asharq Al-Awsat

GCC Equity Market Index Dropped 6.4% in 2022

The Gulf Cooperation Council (GCC) equity market index closed 2022 with a decline of 6.4 percent after demonstrating one of the most significant gains globally last year, according to a recent report. Markets in the region remained volatile during the year, and gains made during the first four months were…

Asharq Al-Awsat

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GCC Real Estate Sale Transactions Reaches $143.1 Bn

Real estate sale transactions in the GCC over Jan-Oct 2022 reached $143.1 billion, eclipsing the full-year figure of 2021, which was $136.9 billion. According to Kuwait-based KAMCO Investment Company, the total value of the region was nearly 21 percent higher year-on-year compared to the corresponding period from January to October…

Asharq Al-Awsat

IMF Expects 6.5 Percent GDP Growth for GCC Countries

GDP growth in the Gulf Cooperation Council (GCC) is expected to double this year, reaching 6.5 percent, a report issued by the International Monetary Fund (IMF) revealed. Surging commodity prices have limited the spillovers from the war in Ukraine and the impact from tighter global financial conditions, and have allowed…

Asharq Al-Awsat

GCC’s Banks Gross Loans Reach $1.93 Trillion

The aggregate gross loans in the Gulf region reached a new record of $1.93 trillion, and the banking sector in the Gulf countries is witnessing the initial interest rate hike applied by the central banks in the Gulf Cooperation Council (GCC) countries consistent with the US Federal Reserve interest rate…

Asharq Al-Awsat

GCC Interior Ministers Discuss Common Security Issues

The Interior Ministers of the Gulf Cooperation Council (GCC) have held their thirty-ninth meeting in Riyadh under the chairmanship of Saudi Interior Minister Prince Abdulaziz bin Saud bin Naif. Prince Abdulaziz delivered a speech in which he conveyed the greetings of the Custodian of the Two Holy Mosques, King Salman…

Asharq Al-Awsat

Saudi Arabia to Host Gulf Entrepreneurs Forum

Riyadh is scheduled to host on Tuesday the third edition of the Gulf Entrepreneurs Forum, organized by the Small and Medium Enterprises General Authority (Monshaat). The forum will be held under the patronage of Saudi Minister of Commerce Dr.

Asharq Al-Awsat

Saudi Arabia Signs MoU with IMF to Establish Regional Office in Riyadh

Saudi Arabia concluded a memorandum of understanding with the International Monetary Fund (IMF) to establish a regional office in Riyadh, which would boost its presence in the region and provide its economic recommendations to the countries of the Gulf and the region. Saudi Minister of Finance Mohammed al-Jadaan signed the…

Asharq Al-Awsat

Egypt’s el-Sisi arrives in Doha on first trip since GCC crisis

Abdel Fattah el-Sisi has met Qatari Emir Sheikh Tamim bin Hamad Al Thani in Doha as the two countries aim to boost ties.

Al Jazeera

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Asharq Al-Awsat

Education Occupies 40% of Saudis' Savings Plans

A recent survey commissioned by Zurich International Life (Zurich), part of Zurich Insurance Group, revealed that only 4 out of 10 parents in Saudi Arabia have a savings plan dedicated to educating their children. According to the survey, a copy of which was obtained by Asharq Al-Awsat, 32 % of…

Asharq Al-Awsat

Saudi Arabia Leads Contract Awards in GCC

Saudi Arabia topped the GCC project awards, which improved during the year's second quarter despite global economic challenges caused by supply chain problems and higher oil prices primarily driven by the Russia-Ukraine conflict. Higher crude oil price was the most significant contributor to inflation numbers across countries, including in the…

Birmingham Post

UK-GCC trade deal could add £130m to Welsh economy says Government

Talks for a trade agreement between the UK and the Gulf Cooperation Council start in Riyadh, Saudi Arabia today

Insider UK

UK begins trade talks with Gulf states

Expected deal expected could add around £270m a year to the Scottish economy

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Asharq Al-Awsat

US Works ‘Closely’ with Saudi Arabia to Confront Iranian Challenges, Ensure Energy Sources Stability

The US Department of State confirmed that it is "working closely" with Saudi Arabia and the Gulf states to confront the "challenge that Iran poses." The State Department announced that the challenge posed by Iran to the region and beyond would be high on the agenda when President Biden visits…

The Hindu

Data | Hate remarks against the Prophet: Why does the Gulf matter?

India sources close to 40% of its fuel needs from the Gulf countries and Iran. About 90 lakh Indians reside in the region and they account for over 55% of India’s remittance inflows

Asharq Al-Awsat

Simonnet to Asharq Al-Awsat: Work Underway to Exempt Gulf Citizens from Visa Requirement

The European Union’s Ambassador to Saudi Arabia, Patrick Simonnet, said a new visa system would be revealed soon, allowing Saudi citizens to obtain multiple entries to the EU. In remarks to Asharq Al-Awsat, Simonnet also revealed that work was underway to exempt all Gulf citizens from the visa requirement. His…

Asharq Al-Awsat

GFH to Cross List Shares on ADX in May

Bahrain-based investment bank GFH Financial Group plans to cross list its shares on Abu Dhabi Securities Exchange (ADX) in May, making it the company's fourth regional listing after Bahrain, Dubai, and Kuwait bourses. GFH expects the cross trading on ADX to boost liquidity in its shares, benefit the shareholders, and…

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King Salman bin Abdulaziz

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Mohammad bin Salman

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Mohammed AlJadaan

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