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The Latest Breaking News from GCC

"Interventionist, irresponsible, provocative": Iran slams US-GCC statement curbing Tehran's nuclear programme

In a statement released by Iran's Ministry of Foreign Affairs and carried by state media Islamic Republic of Iran Broadcasting (IRIB), Tehran warned against what it called continued "belligerent and interventionist behaviours" in the region.

The Economic Times

Major route through Scottish city centre to reopen after nearly three months

A busy Glasgow city centre route, which has been shut for more than eleven weeks, will finally reopen next week

The National (Scotland)

US-Iran agree to setup direct channel with IRGC to de-escalate conflict, says VP Vance

US Vice President JD Vance confirmed a direct deconfliction channel between US and Iran military representatives, including the IRGC and CENTCOM, will be established in Doha, Qatar. This move aims to reduce conflict risks. Meanwhile, the US and GCC reaffirmed their strategic partnership, emphasizing regional security, diplomacy with Iran, and…

The Economic Times

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Gulf states weigh living side by side with Iran as Tehran weaponises Hormuz

As the frontline countries paying the largest price for the Iran war, pressed by severe economic urgencies, the Gulf states are beginning their own firm process towards regional stability with rival Iran, while Tehran continues weaponising the Strait of Hormuz to sow division with its neighbours.

Euronews

IRGC warns ships off Oman's corridor in Hormuz as Rubio draws line on tolls

The IRGC warned that any vessel navigating outside Tehran's designated routes was acting illegally, directly rejecting Oman's newly announced temporary corridor, as Rubio told a GCC meeting the US would not accept fees regardless of how they are framed.

Euronews

PE firms, mid-market companies drive India’s new GCC wave

India's Global Capability Centre (GCC) landscape is shifting, with private equity-backed and mid-market firms now driving significant expansion. These companies are leveraging GCCs beyond cost savings to build advanced capabilities in AI and engineering, creating substantial value for their portfolios. This trend signifies a maturing strategy for PE firms, moving…

The Economic Times

Global Nexa Initiative Launches to Support Climate and Health Innovations

LONDON, June 21, 2026 (GLOBE NEWSWIRE) -- At London Climate Action Week, Grand Challenges Canada (GCC) and the Science for Africa Foundation (SFA Foundation) today announced the launch of Nexa, a global initiative to support locally led innovations that address the growing health impacts of climate change. Nexa is led…

AAP

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PE firms join GCC boom, push portfolio companies to set up captive centres

Private equity-backed firms are increasingly establishing Global Capability Centres (GCCs) in India, moving beyond cost savings to build AI, engineering, and product capabilities. This trend signifies a shift from large corporations to mid-market companies leveraging GCCs as a strategic value-creation tool for portfolio companies.

The Economic Times

CNTXT AI acquires Actualize to strengthen Arabic voice AI for enterprise and government across the GCC

UAE-based CNTXT AI has acquired Actualize, an enterprise AI company specializing in dialect-aware Arabic voice agents. This move significantly enhances CNTXT AI's Arabic voice AI capabilities, enabling sovereign AI agents that can perform actions across enterprise and government sectors. The combined entity aims to simplify the path from data to…

The Economic Times

Durable US-Iran peace deal to provide predictable environment for trade: CRF

A US-Iran peace deal promises greater regional stability. This will benefit Indian exporters with reduced costs for shipping, insurance, and logistics. It will also create a more predictable trade environment. The agreement is set to be signed soon. This development is crucial for facilitating trade and strengthening initiatives like IMEC.…

The Economic Times

Community rallies together to fight back against closure of Victorian attraction

Campaigners descended on a Glasgow park to fight back against the permanent closure of a much-loved Victorian attraction.

The National (Scotland)

Indian staffing cos step up global reach to diversify revenues

Indian staffing companies are actively expanding their global reach. They are tapping into international talent shortages across sectors like healthcare, engineering, and technology. This strategic move aims to diversify revenue and enhance profit margins. Firms are focusing on regions like Southeast Asia, the US, and Europe. This expansion is driven…

The Economic Times

Dubai visa rules 2026: 10 major UAE visa changes expats, workers and tourists need to know

The UAE is significantly overhauling its visa and residency rules, introducing expanded Golden Visa benefits, a new Blue Visa for environmental leaders, and specialized permits for emerging industries. These reforms aim to attract global talent and simplify travel, with a proposed GCC Grand Tours visa potentially revolutionizing regional tourism.

The Times of India

Expanding GCCs bring in more value vs new entrants

India's global capability centre ecosystem is witnessing a convergence of greenfield and brownfield activities around capability-led work. New centres are increasingly established with engineering and product development charters from inception, shrinking the time to maturity. This shift signifies a move from execution hubs to value creation engines.

The Economic Times

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The Economic Times

TCS forms business unit to help MNCs set up GCCs

Tata Consultancy Services has launched a new business unit, Global Value & Innovation Centres, to assist enterprises in establishing and managing global capability centres (GCCs). This unit will focus on creating "AI-native GCCs" and transforming existing ones, offering services across the entire lifecycle from strategy to AI-led operations.

The Economic Times

The great $100-billion tech shift: GCCs tighten grip on India’s talent market

India's Global Capability Centres (GCCs) jobs: India's Global Capability Centres (GCCs) are rapidly outpacing traditional IT services, driven by multinational corporations' need for control over IP, data, and AI. With a deep talent pool and higher compensation, GCCs are becoming the primary engine for specialized tech talent absorption, reshaping India's…

The Economic Times

India-Oman trade pact eases hiring of Indian workers by domestic investors in Muscat

In a significant move, India and Oman have finalized a trade pact that enables Indian firms to hire workers without the constraints of local quotas. Starting June 1, this initiative prioritizes Indian nationals for employment in Omani projects. It also reinforces the protection of Indian workers across various non-service industries,…

The Economic Times

India's brain-gain moment may be starting with a crack in the American dream

As green card backlogs, visa uncertainty and layoffs reshape the American dream, India is emerging as a stronger destination for globally experienced professionals. Experts say GCCs, AI, semiconductors and product firms could absorb returning talent, though compensation gaps and ecosystem challenges remain.

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The Economic Times

India, Oman trade pact to come into force from June 1; Check what's inside

India and Oman's Comprehensive Economic Partnership Agreement, CEPA, begins on June 1. This pact offers Indian exports 100% duty-free access to Oman. Key sectors like textiles and agriculture will see immediate benefits. Oman also grants zero-duty access to Indian industrial goods. India protects sensitive domestic industries. Service professionals gain new…

The Economic Times

Industry expects policy continuity, faster execution under Shivakumar in Karnataka

Executives from the technology, semiconductor and digital economy ecosystem said Karnataka’s long-standing strengths in talent, research and innovation are institutional in nature and unlikely to change with a leadership transition. At the same time, they said stable leadership and faster decision-making would help the state compete more effectively with others…

The Economic Times

American Airlines plans to double India tech hub staff, sources say

American Airlines is set to significantly expand its technology hub in Hyderabad. The company plans to double its workforce to approximately 800 employees by early next year. This move follows similar expansions by other major global corporations in India. These hubs are increasingly handling core business functions, not just back-office…

The Economic Times

GCCs switching to smart workflows as AI gobbles up procedural grunt work

Industry experts said AI is shrinking junior-level workflows, reducing standalone procedural functions and pushing multinational companies to redesign the kind of work handled by their India centres. Early industry estimates suggest nearly 18% of India’s GCC work still sits in commoditised, process-heavy functions that are increasingly being automated, embedded into…

The Economic Times

Phoenix Asia Towers reflects the next phase of Bengaluru’s GCC growth story

Bengaluru's office market is shifting north. Global capability centres now seek integrated workplaces with better connectivity and employee experience. North Bengaluru offers this with new infrastructure and large-scale developments. Phoenix Asia Towers exemplifies this trend, providing a mixed-use environment with retail and lifestyle amenities. This development caters to evolving enterprise…

The Economic Times

Awfis Space Solutions shares surge 9% after Q4 profit jumps 107% YoY

Awfis Space Solutions shares saw a significant jump after the company announced a more than two-fold increase in net profit for the March 2026 quarter. Strong demand for managed office spaces and expansion across India drove this performance. The company reported robust revenue growth and improved operational efficiency.

The Economic Times

Venus Remedies gets Saudi FDA approval for speciality oncology therapy

Venus Remedies Limited has secured its first global marketing authorization for its specialty oncology therapy, Plerixafor, from the Saudi Food and Drug Authority (SFDA). This hematopoietic stem cell mobilizer is crucial for patients undergoing stem cell transplantation for multiple myeloma and non-Hodgkin lymphoma.

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