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The Latest Breaking News from GCC

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

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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.

The Economic Times

Top Executive Search & Recruitment Services For 2026

Hiring the right leadership talent has become one of the most important priorities for organizations preparing for growth in 2026

inkl

MNCs turning flex spaces as main hubs as GCC story deepens

Global capability centres are transforming India's office space market, shifting from temporary entry points to strategic, long-term operating hubs. These centres are increasingly opting for flexible workspaces, signing larger and longer-duration deals, and demanding bundled services beyond just office space.

The Economic Times

'Historic' UK trade deal with Gulf states set to add billions to British economy

The deal is the first of its kind between the GCC and a G7 country, and will scrap tariffs on billions of euros worth of British exports.

Euronews

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UK Lands First G7 Gulf Trade Deal Worth £3.7B — Without a Human Rights Clause

The UK's landmark trade deal with the Gulf Cooperation Council eliminates £580M in tariffs, boosting the economy by £3.7B annually. Explore the benefits for British businesses and workers.

International Business Times UK

Bitget Kicks Off Second Year Supporting UNICEF's Game Changers Coalition, Backing Expansion into Financial Literacy and AI

VICTORIA, Seychelles, May 21, 2026 (GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), announced today the start of its second-year partnership in support of the UNICEF Game Changers Coalition (GCC). The coalition, which has reached over 642,000 young people, parents, and teachers across eight countries since launch, is…

AAP

UK announces trade deal with six Gulf states worth £3.7bn a year

The UK has become the first G7 country to strike a free trade deal with the bloc of six Gulf states

The Independent UK

UK strikes £3.7bn trade deal with six Gulf states

Keir Starmer describes the agreement, worth double original estimates, as a ‘huge win’ for British businesses

The Guardian - UK

GCCs in India: The story so far

India's global capability center landscape is booming, serving as a catalyst for technological and service-driven growth. While discussions on quantifying its impact persist, it’s notable that multinational exports are anticipated to hit $164 billion by 2025-26. The workforce has expanded to a remarkable 4.2 million, with AI set to revolutionise…

The Economic Times

Flex office: As GCCs boom, Table Space is betting big on managed workspaces

As India’s GCC ecosystem expands rapidly, enterprise managed workspace providers are emerging as critical enablers of global firms entering and scaling in the country.

The Economic Times

High gas prices are just the beginning: How the Iran war is changing the global energy map

The largest global energy-supply shock in history is causing chaos around the world. Here are the winners and losers.

Fortune

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Evening Standard

UK business news today: What went wrong with HS2

The latest from the world of business, and a look ahead to next week

The Economic Times

Smaller teams, fewer replacements guiding GCC 2.0 ops playbook

Global Capability Centres in India are starting smaller and using AI to boost output. Companies are no longer replacing every departing employee. This shift prioritizes high-skill talent over large teams. Business growth is expected to outpace headcount growth. Hiring demand is rising for AI, data, cloud, and cybersecurity skills. This…

The Economic Times

AI stars are minting 60% fatter paycheques

AI-skilled professionals are commanding significant pay premiums, earning up to 60% more than their peers in other tech fields. This widening salary gap is expected to persist and grow over the next two to three years as companies increasingly adopt AI-influenced pay frameworks and automation impacts entry-level roles.

The Conversation

Gulf state cooperation has long been shaped by the threat of Iran − but shows of unity belie division

Arab Gulf countries, battered economically and physically by the war with Iran, were keen to put on a united front at a key regional meeting on April 28, 2026.

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Euronews

The UAE’s OPEC exit signals strategic shift as Gulf unity faces new test over oil policy

The UAE's exit from OPEC signals a strategic shift, raising questions about Gulf coordination and the organisation's future.

The Times of India

The week that was in international affairs: UAE to exit Opec; Ukraine makes Russia jittery

UAE exits Opec, impacting global oil dynamics amid regional tensions. Ukraine escalates attacks on Russia, forcing Moscow to scale back Victory Day parades. King Charles' US trip strengthens UK-US ties. Syria begins its first transitional justice trial. China pressures African nations, forcing Taiwan's President to cancel a trip.

The Conversation

UAE’s departure from Opec tells a story about the limited future of oil production

The decision by the United Arab Emirates to leave the oil producers’ cartel Opec after 59 years is more than a symbolic break. It highlights a growing divide among major oil producers over how to respond to a changing energy landscape, and will weaken the group’s ability to manage global…

Euronews

Gulf unity on display in Jeddah, but absences and signals reveal limits to coordination

Gulf leaders met in Saudi Arabia to address the fallout from the Iran war, projecting unity but stopping short of concrete steps as divisions and uncertainty persist.

The Guardian - UK

How the UAE’s decision to leave Opec could recast the Middle East

Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the region

Euronews

Qatar warns Iran it will not be used as 'political punching bag'

Qatar warned Iran on Tuesday it will not be used as a “political punching bag,” calling for a "comprehensive deal" that would secure the Gulf. In response to Euronews, Qatar's foreign ministry spokesman said "we applaud our partners in Europe for taking the lead" in the Strait of Hormuz crisis.

Fortune

$75 billion investment chief: Now is exactly the right time to double down in the Gulf

Conflict has global investors retreating from the Middle East but confusing volatility with vulnerability is the most expensive mistake right now.

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Tamim bin Hamad Al Thani

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